AGM Markets Xem lại

On-line since: 2011
Country of origin: Cyprus
Regulation: CySEC
Payment options: wire transfer, bank cards, Skrill, Sofort, Neosurf, CashU, POLi, QIWI, WebMoney
Minimum account size: $250
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: from 1.1 pips

About the company:

AGM Markets is the trade name of AGM Markets Ltd., a company regulated by CySEC and offering to trade currencies, CFDs and metals through MT4.

Company. Safety of funds

Since 2011, AGM Markets has been serving retail and institutional clients from more than 140 countries around the world providing currencies, indices and energy CFDs as well as precious metals for trading.

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

CySEC applies certain rules to license holders, one of which is the requirement to hold at least 730,000 euros in order to prove their financial stability. In addition, the commission requires that customer funds are kept separately from the company's operating assets. Besides, licensed companies must report to the regulator.

In addition, CySEC applies a compensation scheme to investors, thus ensuring safety of client assets. All companies regulated by CySEC are members of the Investor Compensation Fund, so customers can receive compensation in the amount of not more than 20,000 euros if the broker goes bankrupt or ceases to operate.

Trading conditions

This broker has two main trading accounts: Mini and Standard. Trading costs on two accounts are similar, but there is a significant difference in the minimum initial requirements.

Keep in mind that micro lots are available for trading only on the Mini account; while CFDs can only be sold on the Standard account.

Minimum initial deposit

AGM Markets requires a minimum deposit of $250, which is an average value in the industry. However, for comparison, some leading brokers require only $1.

Spreads and commissions

This broker offers floating spreads that differ depending on the account type. Spreads on the Mini account start from 1.7 pips for EUR/USD. On the standard account, spreads start from 1.1 pips and include a commission of $6 per lot. Thus, the prices offered by AGM Markets are not very competitive, since spreads above 1.5 pips for the EUR/USD pair are considered rather high.

Leverage

The maximum leverage with this broker is 1: 200, which is average, but most brokers offer bigger ones. Higher levels of leverage can increase the profits of traders with a small deposit and lead to large losses. Nevertheless, if you are ready to take risks, many brokers offer a leverage of up to 1:1,000. You can find these brokers in our ranking.

Trading platform

Like most forex brokers, AGM Markets provides its services through the standard MetaTrader 4 platform.

This platform offers a number of technical indicators, an extended chart set, numerous expert advisors, and impressive testing environment. Users can download ready-made or create their own expert advisors, which will fully automate their transactions.

Support service

The support center operates 24/5. Traders can contact it via phone, online chat, email, or they can order a call back.

Payment methods

AGM Markets offers its customers the following payment options: bank transfer, payment cards as well as electronic wallets such as Skrill, Sofort, Neosurf, СashU, POLi, QIWI, and WebMoney.

Advantages:

• regulated broker;
• demo account is available;
• MT4 is available.

Disadvantages:

• high spreads;
• average leverage;
• no choice of trading floors.