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Rating Index

WikiFX Detection

Business

Field Survey Good

License

CYSEC Revoked

AGM Markets Company

  

AGM Markets Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  AGM Markets Company was established in 2011, operating primarily as a broker for forex and CFD trading. The organization aimed to provide a reliable trading environment for both retail and institutional clients.

  

Parent Company/Ownership Structure

  AGM Markets is owned by Maxigrid Limited, which holds the regulatory license for its operations. The ownership structure is designed to facilitate a streamlined approach to trading services, although specifics about the parent companys broader operations remain limited.

  

Headquarters Location

  The company is headquartered in Limassol, Cyprus, specifically at 10-12 Emmanuel Rhoides Street, Ayia Zoni District, CY 3031. This location is significant as Cyprus is known for its favorable regulatory environment for financial services.

  

Global Business Scope

  AGM Markets serves clients from over 140 countries, providing a range of trading services in forex, CFDs, and other financial instruments. The company targets both retail and institutional clients, aiming to deliver competitive trading conditions and a supportive trading environment.

  

Main Regulatory Bodies

  AGM Markets was previously regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 145/11. However, it is essential to note that this license has been revoked, raising concerns about the current regulatory status of the broker.

  

2. Company History and Development

  

Key Milestones

  Since its inception in 2011, AGM Markets has undergone several key developments, including the launch of its trading platforms and the introduction of various account types to cater to different trading needs.

  

Business Expansion Journey

  AGM Markets has expanded its offerings over the years, adapting to the evolving demands of traders. Initially focused on forex trading, the broker has diversified its services to include CFDs and other financial instruments.

  

Customer Base Growth

  With a presence in over 140 countries, AGM Markets has experienced steady growth in its customer base. This growth can be attributed to its competitive trading conditions and the popularity of the MetaTrader 4 (MT4) trading platform.

  

Platform Development History

  The broker primarily utilizes the MT4 and MT5 trading platforms, known for their robust features and user-friendly interfaces. The development of these platforms has allowed AGM Markets to provide advanced trading tools, including algorithmic trading capabilities.

  

Important Awards or Recognitions Received

  While AGM Markets has established itself in the trading community, there is limited information available regarding specific awards or recognitions. The focus has largely been on operational growth rather than accolades.

  

3. Trading Services Offered

  

Forex Trading Options

  AGM Markets offers a variety of forex trading options, including access to major, minor, and exotic currency pairs. The number of currency pairs available is competitive, allowing traders to engage in diverse trading strategies.

  

Stock Trading Options

  The broker does not explicitly highlight stock trading options on its platform; however, it provides access to CFDs on various asset classes, which may include stocks indirectly.

  

CFD Trading Products

  AGM Markets offers a range of CFD trading products, including indices, commodities, and metals. This variety enables traders to speculate on price movements across different markets.

  

Other Financial Instruments

  In addition to forex and CFDs, AGM Markets has been reported to offer trading in cryptocurrencies, although specific details regarding the available cryptocurrencies are sparse. The broker also provides access to commodities such as gold and silver.

  

Special Services or Unique Advantages

  AGM Markets positions itself as a broker with competitive trading conditions, including low spreads and high leverage options (up to 1:1000). The availability of demo accounts allows potential clients to test the platform before committing real funds.

  

  

Detailed Regulatory Information

  AGM Markets was regulated by CySEC, but its license has been revoked, leading to significant concerns regarding its compliance with financial regulations. Currently, the broker lacks valid regulatory oversight, which poses risks for potential clients.

  

  The legal entity operating AGM Markets is Maxigrid Limited, registered in Cyprus. The lack of additional regional entities or licenses raises questions about the brokers operational transparency.

  

Client Fund Protection Measures

  AGM Markets claims to maintain client funds in segregated accounts, which is a standard practice aimed at protecting client deposits. However, the revoked regulatory status raises concerns about the effectiveness of these measures.

  

Countries/Regions Served

  AGM Markets serves clients globally, with a focus on regions where forex trading is popular. However, it does not accept clients from the United States, which can limit its market reach.

  

Compliance History

  The compliance history of AGM Markets has come under scrutiny due to the revocation of its regulatory license. Reports of operational issues and customer complaints about withdrawal processes have further tarnished its reputation.

  

5. Competitive Landscape

  

3-5 Main Competitors

  AGM Markets faces competition from various brokers in the forex and CFD trading space, including:

  • eToro: Known for its social trading features and diverse asset offerings.
  • Pepperstone: Offers competitive spreads and a strong reputation in the forex market.
  • IC Markets: Known for its low latency and ECN trading environment.

  

Positioning in the Industry

  AGM Markets positions itself as a competitive broker with a focus on providing advanced trading technologies and a user-friendly experience. However, its revoked regulatory status has affected its standing in the industry.

  

Market Differentiation Factors

  AGM Markets differentiates itself through its high leverage offerings and the availability of popular trading platforms like MT4 and MT5. However, the lack of a valid regulatory framework and reports of operational issues may hinder its ability to attract new clients.

  

Conclusion

  AGM Markets Company has established itself in the forex and CFD trading landscape since its founding in 2011. However, the revocation of its regulatory license and ongoing operational concerns have raised significant red flags for potential investors. While the broker offers a range of trading services and competitive conditions, prospective clients should exercise caution and conduct thorough research before engaging with AGM Markets.

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