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ArgusFX


On-line since: 2000
Country of origin: Cyprus
Regulation: CySec
Payment options: bank wire, credit cards, electronic payment systems
Minimum account size: $0
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: variable from 0 pip

About the company:

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

Company. Security of funds

ArgusFX is the name of the Cypriot Argus Stockbrokers Ltd investment company licensed by CySec, No. 334/17.

CySEC is an authoritative European regulator, which applies strict requirements to companies: a company must have at least 730,000 euros in its account as a guarantee of its financial stability, and customers’ money must be kept on segregated accounts apart from the company's operating funds.

As an additional guarantee for the security of traders’ funds, CySEC obliges all controlled companies to join the Investor Compensation Fund. In the event of the broker’s insolvency, clients can return the amount of up to 20,000 euros from the fund.

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

Trading conditions

ArgusFX operates through the STP execution model and its customers can opt for one of the two types of the STP accounts: Standard interest-free account or Pro STP account with tighter spreads and commission.

ArgusFX has two different trading accounts: on both of them, transactions are executed on the STP/ECN technology, which allows traders to directly access the interbank prices set by the top-level liquidity providers. Customers have a choice between Standard STP and Pro STP. Using them, customers can trade microlots. Upon request, Islamic accounts without swaps are also available.

Minimum initial deposit

ArgusFX did not set a minimum level for an initial deposit amount that is pretty attractive. In order to work on the PRO STP account, you need to deposit a minimum of $200.

Leverage

The maximum level of leverage is 1:500. Traders should keep in mind that a high level of leverage carries high risk. This is why some regulators limit a leverage size that brokers can offer.

Spreads and commissions

ArgusFX offers variable spreads on both accounts. On the Standard STP account, typical spreads on the EUR/USD pair are about 1.8 pip, where commission is not charged.

On the Pro STP account, spreads start from 0 pip. But on this account, the broker charges a commission, so trading costs are similar to that of the Standard STP account.

Customers who deposit more than $2,000 are provided with extra discounts.

Trading platforms

This broker supports the standard trading platform on Forex, MetaTrader4, which includes a wide range of trading instruments and functions: user-friendly interface, a number of built-in technical indicators, an extended set of charts, a wide range of experts (EAs), and option testing. Traders can download ready-made advisors or create their own ones. Through MetaTrader 4, one can conduct trading on a 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 website, traders can find various educational articles on the foreign exchange market, a section with frequently asked questions, and useful tools: calculators of margin, pips, and swaps.

Support service

The company provides each client with a personal account manager and 24/5 support in different languages. Traders can talk directly to a representative at one of the company's offices: in Nicosia, Frankfurt, or Limassol. You can also contact the service by email, online chat, or phone.

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

Payment methods

Deposits can be made into the account of ArgusFX through bank wire, credit/debit cards, and online payment systems such as Neteller, Skrill, Webmoney, QIWI, Sofort, CashU, and others.

Funds can be withdrawn in the same way they were deposited. It usually takes 1-2 days depending on the method used.

There is no charge for depositing or withdrawing.

Advantages:

  • regulated broker;
  • MT4;
  • STP/ECN technology.

Disadvantages:

  • no bonuses and special offers.

ArgusFX 1/10 (votes 2203)
Tác giả of ArgusFX: Jossias | Ngày of  2021-04-28
I met this broker because I was researching about new brokers to invest, the site provides good information and its organized. Their platform has good quality, easy to use and customize, fast execution and low spreads. What I like the most about this broker is that their customer service is always available whenever I call and they talk very friendly, guiding and helping me fix my problems during trading. As I can customize a scalping EA and till now I've earned $2450 without any trouble.
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Tác giả of ArgusFX: Rakan | Ngày of  2021-03-02
ArgusFX's platform has a lot of issues, like slow order execution or hangs issues. Also, I found requote and so my order often slipped 5 to 20 pips and I can't close my position on the actual position in several trading. now I am fed-up with ArgusFX broker's Mt4 platform, while they hadn't mobile or web-based platform.
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Tác giả of ArgusFX: Liselle | Ngày of  2020-12-23
ArgusFX does not have a limit on the capital to start an account. That is why when I opened an account, I only deposited the amount that I could afford. I am currently trading at 0.01 lot size and the profit is small but steady. I commend their platform for being stable.
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