AGMMARKETS

About company:

AGM Markets is the trade name of AGM Markets Ltd., a CySEC regulated company offering Forex, CFD and Metals trading via MT4.

 

Company. Fund security

Since 2011, AGM Markets has been serving retail and institutional clients in over 140 countries worldwide, offering FX, index and energy CFDs, as well as precious metals.

 

AGM Markets Ltd. licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Accordingly, it is authorized to provide its services in the EU in accordance with the MiFID rules.

 

CySEC applies certain rules to license holders, one of which is the requirement to withhold a minimum of 730,000 euros as proof of financial stability. In addition, the commission requires client funds to be kept separate from the company's operating assets, and licensed companies must report to the regulator.

 

In addition, CySEC applies an investor compensation scheme as an additional guarantee for clients' assets. All CySEC regulated companies are members of the Investor Compensation Fund, which allows clients to receive compensation of up to EUR 20,000 in the event the broker goes bankrupt or ceases to operate.

 

Trading conditions

This broker has two main trading accounts: Mini and Standard. In principle, the cost of trading on two accounts is the same, however there is a significant difference in the minimum initial requirements.

 

Please be aware that micro lots are only available for trading on a mini account and CFDs can only be traded on a Standard account type.

 

Minimum initial deposit

AGM Markets accounts require a minimum deposit of $ 250, which is the industry average. However, in comparison, some top brokers only charge $ 1.

 

Spreads and commissions

This broker offers variable spreads that differ by account category, however, the cost of trading is the same on both accounts. Spreads on a mini account start at 1.7 pips in EUR / USD, while on a standard account from 1.1 pips and include a commission of $ 6 per lot. As such, the prices offered by AGM Markets are not very competitive as spreads above 1.5 pips are considered high for the EUR / USD pair.

 

Leverage

The maximum leverage with this broker reaches 1: 200, which is average, but most brokers offer more. Higher levels of leverage can not only multiply traders' profits on a small deposit, but also lead to large losses. However, if you are willing to take the risk, many brokers offer up to 1: 1000 leverage. You can find these brokers in our ranking.

 

Trading platform

Like most Forex brokers, AGM Markets provides its services through the standard MetaTrader 4 terminal.

 

This platform offers a range of technical indicators, an extended set of charts, numerous advisors (experts) and an extensive testing environment. Users can download ready-made or create their own advisors, which will fully automate transactions.

 

Support service

Works 24/5. Traders can call, write to the online chat, email, order a call back.

 

Ways of payment

AGM Markets offers its clients the following payment methods: bank transfer, credit / debit cards and e-wallets - Skrill, Sofort, Neosurf, cashU, POLi, QIWI, WebMoney.

 

Pros:

 

regulated broker; demo account available; MT4 is available.

 

Minuses:

 

high spreads; average leverage levels; there is no choice of trading platforms.