Agricoinvest Forex Broker

Note: Agricoinvest's official website - https://investagricol.com/ is currently inaccessible normally.Agricoinvest Review SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, Commodities, StocksDemo Account❌Leverage1:300EUR/USD Spread2 pips (Standard account)Trading PlatformWebTraderMin Deposit€250Customer SupportMonday to Friday: 9:30-21:00 GMTTel: +442035369402Email: support@investagricol.comPhysical address: 3rd Floor 201 Haverstock Hill, London, Greater London, NW3 4QG, United Kingdom Registered in the United Kingdom, Agricoinvest is an online forex broker offering a wide range of trading instruments, such as Forex, Commodities, and Stocks. In addition, Agricoinvest offers four trading accounts with leverage up to 1:300. However, please note that Agricoinvest is not authorized or regulated by any regulatory authorities.Pros and ConsPros Cons Multiple account typesUnavailable websitePopular payment optionsNo regulationSubject of CONSOB warningLimited tradable asset classesNo demo accountsWide spreadsInactivity fee chargedNo reliable platformHigh minimum deposit (€250)Unspecified withdrawal feeIs Agricoinvest Legit? Agricoinvest claims to be registered in the UK, but in reality, it is unlikely to obtain a license there due to its failure to comply with the regulations set by the regulatory authorities that license UK brokers, which prohibit offering bonuses to their clients. In addition, another significant issue with Agricoinvest is the warning issued against it by the Italian CONSOB.What Can I Trade on Agricoinvest? In the case of Agricoinvest, traders can gain access to Foreign Exchange, Commodities, and Stocks. However, other widely traded products such as Cryptocurrencies, Energies, and Indices are not offered.Tradable Instruments Supported Forex ✔Commodities✔Stcoks✔Indices❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type Agricoinvest offers four trading accounts for you to choose from: The Standard, Silver, and Gold accounts, which are categorized based on their minimum initial deposit requirements, ranging from €250 to €50,000.Account TypeMin DepositBasic$250Standard$2,500Silver$10,000Gold $50,000Leverage The leverage offered by Agricoinvest, up to 1:300, is excessively high for retail clients. Moreover, even if you are an experienced trader who knows how to use high leverage, Agricoinvest is still not a suitable choice for you, as it is clearly a fraudulent company.Account TypeMax LeverageBasic1:100Standard1:150Silver1:200Gold 1:300Spread The spread is determined by the trading account you choose.Account TypeEUR/USD SpreadBasic3 pipsStandard2 pipsSilver1 pipFees Agricoinvest charges a monthly fee of $36 for accounts that remain inactive for 30 consecutive days. This charge is unacceptable and constitutes a blatant scam. Don't waste your time with fraudulent brokers!Trading Platform This broker provides a specific online trading platform, however, we were unable to access it directly due to the website being inaccessible and the registration process being corrupted. Popular trading platforms such as MT5 or MT4 are not available.Trading PlatformSupported Available Devices Suitable forWebTrader✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal According to Agricoinvest's website, the available deposit methods include credit cards, debit cards, and wire transfers. However, the minimum deposit for wire transfers is a staggering $10,000. Withdrawals are reportedly processed within 5 days and incur fees, but these fees are not disclosed numerically.