ARGUSFX

About company:

ArgusFX offers traders more than 30,000 financial instruments to trade, including currency pairs and CFDs.

 

Company. Fund security

ArgusFX is the name of the Cypriot investment firm Argus Stockbrokers Ltd, licensed by CySec (# 334/17).

 

CySEC is an authoritative European regulator that imposes strict rules on companies: the company must have at least 730,000 euros on its account - this is a guarantee of financial stability, and clients' money must be kept in separate accounts, separated from the company's operating funds.

 

As an additional guarantee of the safety of traders' funds, CySEC obliges all controlled companies to join the Investor Compensation Fund. In case of insolvency of the broker, the client can return up to 20,000 euros from the fund.

 

Every company licensed in Cyprus is also entitled to offer its services in other EU countries under the MiFID Directive.

 

Trading conditions

ArgusFX operates under a pure STP execution model, and its clients can choose between two types of STP accounts - the standard interest-free account and the Pro STP account with tighter spreads that include commission.

 

ArgusFX has two different trading accounts: on both, trades are executed using STP / ECN technology, which allows traders to directly access interbank prices provided by top-tier liquidity providers. Customers can choose between Standart STP and Pro STP. You can trade micro lots with them.

 

Swap-free Islamic accounts are available upon request.

 

Minimum initial deposit

ArgusFX has not set a minimum initial deposit amount, which is a pretty attractive proposition. To work on PRO STP account, you need to deposit at least $ 200.

 

Spreads and commissions

ArgusFX offers variable spreads on both accounts. Typical spreads for the EUR / USD pair are around 1.8 pips on a Standart STP account where no commission is charged.

 

On a Pro STP account, spreads start from 0 pips. But a commission is charged on this account, so trading costs are the same as with Standart STP.

 

Additional discounts are available for customers who deposit more than $ 2,000.

 

Leverage

The maximum leverage is 1: 500. Traders should keep in mind that high leverage comes with high risk. This is why some regulators limit the leverage that brokers can offer.

 

Trading platforms

This broker supports the standard Forex trading platform MetaTrader4. The terminal offers a wide range of trading tools and functions: a user-friendly interface, a number of built-in technical indicators, an extended set of charts, a wide range of Expert Advisors (EAs) and option testing. Traders can download ready-made or create their own advisors. MetaTrader 4 allows you to trade from PC and mobile devices.

 

Like most brokers, this one also offers VPS hosting services. Free hosting is provided to customers who deposit at least $ 2,000.

 

Training

On the site, traders will find various educational articles about the foreign exchange market, a section with frequently asked questions and useful tools: calculators for calculating margins, pips and swaps.

 

Support service

Each client has an account manager and 24/5 service is available in different languages. Traders can speak directly with a representative at one of the company's offices: Nicosia, Frankfurt or Limassol. You can also write by e-mail, online chat or call.

 

The site is available in English, Greek, German, Spanish and Arabic.

 

Ways of payment

Deposits can be made to the ArgusFX broker account using bank transfers, credit and debit cards, and online payment systems such as Neteller, Skrill, Webmoney, QIWI, Sofort, CashU and others.

 

The trader can withdraw funds in the same way as he deposited them. Withdrawal usually takes 1-2 days depending on the method used.

 

There is no fee for deposits or withdrawals.

 

Pros:

 

regulated broker; MT4 is available; STP / ECN technology.

 

Minuses:

 

does not offer bonuses or promotions.