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Rating Index

Pros

Well-regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of customer protection.

Offers a wide variety of trading instruments, including forex, CFDs, equities, bonds, and more.

Established company with over 20 years of experience in the financial services industry.

Cons

Lacks transparency regarding spreads and specific CFD assets offered, making it difficult for traders to assess costs.

The trading platform is not based on popular software such as MT4 or MT5, which may limit user familiarity and features.

Some user complaints and concerns about the broker's responsiveness and customer service have been reported.

ARGUS broker Accounts

ArgusFX Account Types

ArgusFX offers a variety of account types to cater to the diverse needs of its clientele, which range from beginner traders to seasoned professionals. The main account types available are:

Standard Account

Minimum Deposit: $1
Maximum Leverage: Up to 1:30 for retail clients, up to 1:500 for professional clients.
Spreads: Variable spreads starting from 0.7 pips.
Commission: No commission charged per lot.
Trading Instruments: Access to over 50 currency pairs and various other assets.

Premium Account

Minimum Deposit: $10,000
Maximum Leverage: Up to 1:30 for retail clients, up to 1:500 for professional clients.
Spreads: Lower spreads than the Standard Account.
Commission: No commission charged per lot.
Additional Benefits: Access to a dedicated account manager and faster execution speeds.

ECN Account

Minimum Deposit: $25,000
Maximum Leverage: Up to 1:30 for retail clients, up to 1:500 for professional clients.
Spreads: Can be as low as 0 pips due to direct market access.
Commission: $0.03 per lot traded.
Additional Benefits: Direct market access and access to a wider range of currency pairs.

Demo Account

Minimum Deposit: No minimum.
Purpose: Allows traders to practice trading strategies without risking real money.

ArgusFX Broker Account Opening Process

Opening an account with ArgusFX involves several straightforward steps:

Visit the ArgusFX Website: Access the official ArgusFX website through your web browser.
Account Registration: Click on the “Register” or “Open an Account” option on the homepage.
Complete the Registration Form: Fill in your personal information, including your full name, contact details, date of birth, and residential address.
Verification Documents: Submit identification documents for Know Your Customer (KYC) verification, such as a government-issued ID and proof of address (e.g., utility bill or bank statement).
Fund Your Account: After successful registration and verification, fund your trading account using various deposit methods, including bank transfers, credit/debit cards, or electronic payment systems.
Access the Trading Platform: Once your account is funded, log in to the trading platform provided by ArgusFX and start trading.