Search

For more information about AGX Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Variety of payment methods available for deposits and withdrawals.
Claims of a user-friendly trading platform with basic functionalities.
Offers a range of trading assets including forex, commodities, and indices.

Cons

Unregulated broker with no licensing, raising significant trust issues.
Inconsistent and misleading information regarding account types and trading conditions.
High minimum deposit requirement with no option for a demo account, limiting accessibility for new traders.

AGX Company

AGX Company Overview

Founding Date and Background

AGX Company, which encompasses various entities including AGX Limited, AGX Freight, and Agora X, was founded in 2016. The company has positioned itself in multiple sectors, notably in freight logistics, forex trading, and private market investments. Each segment operates under distinct business models tailored to their respective markets.

Parent Company/Ownership Structure

AGX operates as a group of companies, with AGX Limited being a key entity in the forex trading space. The ownership structure is not publicly detailed, but it is known that AGX Freight is an asset-based transportation services platform, while Agora X focuses on private market investment opportunities.

Headquarters Location

AGX Freight is headquartered in Jacksonville, Florida, USA. In contrast, AGX Limited operates out of Belize, indicating a diverse geographical presence.

Global Business Scope

AGX has a broad business scope, extending its services across North America, parts of Canada, and Mexico for its logistics operations. In the financial sector, AGX Limited offers forex trading services, while Agora X provides a digital exchange platform for private market investments.

Main Regulatory Bodies

AGX Limited operates under the jurisdiction of Belize but lacks significant regulatory oversight from major international bodies like the NFA (National Futures Association) or FCA (Financial Conduct Authority). AGX Freight, being a logistics provider, adheres to local transportation regulations in the regions it operates.

Back to Top

Company History and Development

Key Milestones

  • 2016: AGX Freight was established, marking the company's entry into the logistics market.
  • 2017-2020: AGX expanded its logistics services, enhancing its network and operational capabilities.
  • 2021: AGX Limited launched its forex trading platform, entering the financial services sector.
  • 2023: Agora X was introduced as a platform for private market investments, diversifying AGX's offerings.

Business Expansion Journey

AGX has consistently expanded its services, particularly in logistics and trading. AGX Freight has grown from a regional player to a significant logistics provider with a performance-driven network. In the financial sector, AGX Limited has aimed to attract both retail and institutional investors.

Customer Base Growth

AGX Freight has reported a steady increase in its customer base, attributed to its commitment to service excellence and customer satisfaction. AGX Limited has also seen growth, particularly among corporate accredited investors seeking alternative investment opportunities.

Platform Development History

AGX Limited's trading platform has evolved since its inception, adopting features designed to enhance user experience and trading efficiency. Agora X leverages blockchain technology to provide a transparent and efficient marketplace for private investments.

Important Awards or Recognitions Received

While specific awards for AGX are not widely reported, AGX Freight has received positive customer testimonials highlighting its operational excellence and commitment to service.

Back to Top

Trading Services Offered

Forex Trading Options

AGX Limited offers a range of forex trading options, providing access to multiple currency pairs. However, specific numbers of available pairs are not disclosed, indicating a need for potential clients to inquire directly for detailed offerings.

Stock Trading Options

AGX does not prominently feature stock trading within its portfolio. Instead, its focus lies primarily on forex, CFDs, and private market investments.

CFD Trading Products

AGX Limited provides CFD trading options across various asset classes, including commodities and cryptocurrencies. This allows traders to speculate on price movements without owning the underlying asset.

Other Financial Instruments

In addition to forex and CFDs, AGX offers trading in cryptocurrencies and commodities, catering to a diverse range of investor preferences.

Special Services or Unique Advantages

AGX's unique advantage lies in its integration of blockchain technology, particularly within Agora X, which enhances transparency and efficiency in private market trading.

Back to Top

Regulatory and Legal Background

Detailed Regulatory Information

AGX Limited operates with minimal regulatory oversight, registered in Belize and not recognized by major financial regulatory bodies. This raises concerns regarding investor protection and operational legitimacy.

  • North America: AGX Freight operates as a logistics provider under local regulations.
  • Belize: AGX Limited functions as a forex trading platform, with limited regulatory oversight.
  • Private Markets: Agora X operates in a digital asset space, focusing on tokenization and private equity.

Client Fund Protection Measures

Due to the lack of stringent regulatory oversight, there are limited measures in place for client fund protection. This poses a risk for investors using AGX Limited's trading services.

Countries/Regions Served

AGX Freight serves clients across the United States, Canada, and Mexico, while AGX Limited primarily targets corporate accredited investors globally, although its operations are largely unregulated.

Compliance History

AGX has faced scrutiny regarding its regulatory compliance, particularly AGX Limited, which operates without significant oversight. This raises concerns for potential investors about the legitimacy and safety of their investments.

Back to Top

Competitive Landscape

3-5 Main Competitors

  • C.H. Robinson: A leading logistics provider with a comprehensive service offering.
  • XPO Logistics: A global provider of supply chain solutions, competing in the logistics space.
  • eToro: A well-known trading platform offering similar services to AGX Limited in the forex and CFD markets.
  • Coinbase: Competing in the cryptocurrency trading space, offering a regulated environment for digital asset trading.
  • Positioning in the Industry

    AGX positions itself as a versatile player in both logistics and financial services, but its lack of regulatory oversight may hinder its competitive edge in the forex trading market.

    Market Differentiation Factors

    AGX differentiates itself through its commitment to service excellence in logistics and its innovative approach to private market investments via Agora X. However, the lack of regulatory backing in its trading operations may deter potential clients.

    Back to Top

    In conclusion, AGX Company operates across multiple sectors, including logistics and financial services, with a focus on forex trading and private market investments. While it has achieved notable growth and expansion, potential clients should exercise caution due to its limited regulatory oversight and associated risks. For further details on AGX's services and offerings, please learn more.