AGM Markets Forex Broker

Note: Regrettably, the official website of AGM Markets , namely http://www.agmmarkets.com/, is currently experiencing functionality issues.AGM Markets Review Summary Registered Country/RegionCyprusRegulationCYSEC (Revoked)Market Instrumentsforex, CFDs, and metalsDemo AccountAvailableLeverage1:200EUR/ USD Spreadfrom 0.7 pipsTrading PlatformMT4Minimum Deposit$250Customer SupportPhone, email, Twitter, FacebookAGM Markets Information AGM Markets, established in 2011, serviced as a Forex and CFD broker. Known for utilizing the popular MT4 trading software, AGM Markets provides traders with advanced tools for analysis and trade execution. However, investors should be aware of the brokers revoked regulatory status and inaccessible website. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.Pros & ConsProsConsVariety of Trading InstrumentsRegulatory IssuesMT4 Platform ProvidedWebsite InaccessibilityHigher SpreadsPros: Variety of Trading Instruments: AGM Markets offers a diverse range of financial instruments including forex, CFDs, and metals. MT4 Platform Provided: The availability of the MT4 trading platform provides traders with a robust and widely used interface known for its stability, advanced charting capabilities, and extensive range of tools. Cons: Regulatory Issues: AGM Markets regulatory status under the Cyprus Securities and Exchange Commission (CYSEC) has been revoked, which raises concerns about their compliance with regulatory standards and investor protection. Website Inaccessibility: The reported inaccessibility of AGM Markets official website is a significant red flag, potentially indicating operational issues or lack of transparency in their online presence. Higher Spreads: AGM Markets have higher spreads from 0.7 pips, which can increase trading costs for investors.Is AGM Markets Legit？ AGM Markets, while previously regulated by the Cyprus Securities and Exchange Commission (CYSEC) with a license number of 145/11, currently holds an abnormal regulatory status. Specifically, its official regulatory status has been revoked, indicating that the company may not be operating in compliance with regulatory standards and guidelines. Furthermore, the inaccessibility of AGM Markets' official website is a major red flag. A reliable and transparent trading platform should maintain a functional and up-to-date website to provide investors with necessary information and support. The lack of accessibility not only hinders potential investors from obtaining crucial details about the company and its services but also casts doubt on the overall stability and reliability of the trading platform.Market Instruments AGM Markets offers forex, CFDs, and metals. Forex: Traders can access a wide range of currency pairs for forex trading, allowing them to speculate on exchange rate movements of major, minor, and exotic pairs. CFDs (Contracts for Difference): AGM Markets offers CFDs on various asset classes such as indices, commodities, and stocks. Metals: The platform supports trading in precious metals like gold and silver. These instruments provide alternative investment opportunities and can act as a hedge against inflation or economic uncertainty.Account Types AGM Markets offers two types of trading accounts: Mini account and Standard account. Mini Account: Requires a minimum deposit of $250. This account type provides access to a personal manager, auto trading capabilities, and fast market execution. It also includes educational resources to support traders in improving their skills and knowledge. Standard Account: Requires a higher minimum deposit of $1,000. It offers the same features as the Mini account, including personal manager, auto trading, and fast market execution, along with access to educational resources.Leverage AGM Markets offers a maximum leverage of 1:200 to its traders, allowing them to amplify their trading positions significantly relative to their initial capital. Leverage of this magnitude means that for every dollar of trader's capital, they can control up to 200 dollars in the market. This feature is attractive to traders seeking to maximize potential returns on their investments, as it magnifies profit potential on successful trades. However, high leverage also entails substantial risks. While it can enhance profitability in favorable market conditions, it equally amplifies losses if trades move against the trader.Spreads & Commissions AGM Markets provides varying spreads and commission structures across its Mini and Standard trading accounts. In the Mini account, traders can expect spreads starting from 1.7 pips on major currency pairs like EUR/USD. Spreads represent the difference between the buying (ask) and selling (bid) prices of a currency pair, influencing trading costs. On the other hand, the Standard account offers tighter spreads starting from 1.1 pips on EUR/USD. Despite these narrower spreads, the Standard account involves a round-turn commission of $6 per lot traded.Trading Platform AGM Markets offers the recognized MetaTrader 4 (MT4) platform to its clients, known for its robust features and user-friendly interface. MT4 is a preferred choice among traders globally due to its reliability, extensive charting capabilities, and customizable trading tools. It supports a variety of order types, allowing traders to execute trades with precision and flexibility. MT4 supports algorithmic trading through its Expert Advisors (EAs). Traders can automate their trading strategies, backtest them using historical data, and deploy EAs to execute trades 24/7 based on predetermined parameters. This automation capability is advantageous for traders looking to implement systematic trading approaches and manage positions efficiently across various market conditions.Deposits & Withdrawals Clients can fund their accounts using bank wire transfers, which are suitable for larger transactions and offer a straightforward process for transferring funds directly from a bank account. Credit and debit cards are also accepted, providing a quick and widely accessible method for depositing funds instantly into trading accounts. In addition to traditional banking options, AGM Markets supports several e-wallet services, including Skrill, Sofort, Neosurf, cashU, POLi, QIWI, and WebMoney. E-wallets are particularly popular for their speed of transactions and accessibility, making them a preferred choice for many traders who value quick access to their funds.Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +357 25 103 760 Email: support@agmmarkets.com Moreover, clients could get in touch with this broker through the social media, such as Twitter and Facebook.Conclusion In conclusion, AGM Markets offers a diverse range of trading instruments and utilizes the widely used MT4 platform, which can be attractive to traders looking for variety and robust trading tools. However, significant concerns arise from its revoked regulatory status, inaccessible website, and higher trading costs due to reported spreads. These factors highlight considerable risks related to transparency, regulatory compliance, and operational stability.Frequently Asked Questions (FAQs) Is AGM Markets regulated by any financial authority？ No. It has been verified that this broker currently has no valid regulation. How can I contact AGM Markets ？ You can contact via telephone: +357 25 103 760 and email: support@agmmarkets.com. Or you can follow them on some social media including Twitter and Facebook. What platform does AGM Markets offer？ MT4. What is the minimum deposit for AGM Markets ？ The minimum initial deposit to open an account is $250.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.