BrokersView has reviewed that EagleFX is an unregulated forex broker EagleFX claims to be owned and operated by EagleFX Ltd, a company registered in Dominica. However, Dominica is a notorious offshore zone that does not regulate forex. So currently EagleFX is not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

The Ontario OSC Added EagleFX into Its Warning On 14 Feb 2022, the Ontario Securities Commission (OSC) issued a warning that EagleFX is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/eaglefx-ltd

CFTC placed Eagle FX on its Registration Deficient List The US Commodity Futures Trading Commission added Eagle FX to its Registration Deficient List on 16 July 2020. The entry identifies eaglefx.com, operator EagleFX Ltd and an origin in Dominica, and describes digital-asset offerings. The CFTC stated that the entity solicited or accepted funds from US customers and appeared to be acting in a capacity requiring registration, but was not registered with the Commission. RED List inclusion is not itself a determination by the CFTC or a court that a legal violation has occurred.

Is EagleFX trustworthy? EagleFX is a non-regulated trading platform even though it states offers that look too good to be true.EagleFX claims to be owned and operated by EagleFX Ltd, based in the Commonwealth of Dominica, a well-known offshore zone that does not regulate forex activities. This broker does not provide further details about its regulatory status. Additionally, it should be noted that the Ontario Securities Commission (OSC) has issued a warning that EagleFX is not registered in Ontario to engage in the business of trading in securities. You can check the full warning from here.Regarding your question, EagleFX is an untrustworthy broker. Letting this broker hold or control your funds or trading with this broker is risky. There are no safeguards in place to protect investors' money on this trading platform. We would suggest investors stay away from dihonest brokers like EagleFX and trade with fully regulated brokers. View Source