Agility Forex Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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Is the company Agility Forex reliable? I often need international remittances, but the handling fee often makes me distressed. Do you have any recommended companies? This company claims the fare of zero, which seems too good to be true.
Agility Forex, a Canadian-based online foreign exchange provider, has garnered attention for its user-friendly platform and competitive pricing. However, its limited geographical reach and specific market focus may deter potential users outside Canada. This review will delve into the strengths and weaknesses of Agility Forex based on comprehensive research.
Note: It's essential to recognize that Agility Forex operates in a unique regulatory environment compared to other international brokers. This review aims to provide a balanced perspective, highlighting both positive and negative user experiences.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 8 |
| Customer Service and Support | 9 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 6 |
| User Experience | 8 |
| Additional Features | 6 |
We score brokers based on user feedback, expert opinions, and factual data.
Established in 2013, Agility Forex is co-founded by Andrew Macguire and Iain Thomson, both of whom have extensive backgrounds in investment banking. The firm is headquartered in Vancouver, British Columbia, and primarily focuses on providing foreign exchange services for personal and business clients. Agility Forex operates its proprietary trading platform and partners with CurrencyCloud to facilitate international payments. The broker claims to offer competitive exchange rates and transparent pricing, with no hidden fees. However, it is important to note that Agility Forex is regulated by FINTRAC in Canada but lacks broader international regulatory oversight.
Regulated Geographical Areas/Regions:
Agility Forex primarily serves clients in Canada. Its services are not available to clients outside this region, limiting its global reach.
Deposit/Withdrawal Currencies/Cryptocurrencies:
The broker accepts Canadian dollars (CAD) for transactions. However, when sending non-domestic international payments, such as CAD to Europe, a fee of $15 applies.
Minimum Deposit:
Agility Forex does not specify a minimum deposit requirement, but it is noted that clients regularly transferring under $500 may incur additional fees.
Bonuses/Promotions:
Currently, there are no significant bonuses or promotional offers highlighted in the available information.
Tradeable Asset Classes:
Agility Forex specializes in foreign exchange trading, providing access to approximately 20 currencies, with a particular focus on the Canadian dollar.
Costs (Spreads, Fees, Commissions):
The broker maintains a transparent pricing model. While there are no fees for sending foreign currency to its respective countries, a $15 fee applies for certain transactions. Users report satisfaction with the exchange rates, and Agility Forex offers a best rate guarantee, promising to beat competitor rates.
Leverage:
Agility Forex does not prominently advertise leverage options, which may be a consideration for traders seeking higher leverage.
Allowed Trading Platforms:
The broker operates its proprietary trading platform, which is user-friendly and accessible 24/7. However, it does not support widely-used platforms such as MT4 or MT5.
Restricted Regions:
Agility Forex is strictly limited to Canadian clients, which may deter potential users from other countries who are looking for a more global service.
Available Customer Service Languages:
Customer service is primarily offered in English, with support available through phone, email, and live chat.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 8 |
| Customer Service and Support | 9 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 6 |
| User Experience | 8 |
| Additional Features | 6 |
Account Conditions:
Agility Forex offers a straightforward account setup process, but it lacks the variety of account types seen with larger brokers. The absence of a minimum deposit is a positive aspect, allowing users to start trading without significant upfront costs.
Tools and Resources:
The broker provides a range of tools, including hedging options and market analysis, which are beneficial for users looking to enhance their trading strategies. Transparency in pricing and real-time exchange rate information is a notable advantage.
Customer Service and Support:
Customers frequently praise the responsive and knowledgeable customer support team, which contributes to a high satisfaction rating. User reviews indicate that issues are typically resolved promptly and effectively.
Trading Setup (Experience):
While the proprietary platform is easy to use, the lack of support for popular trading platforms may limit options for more experienced traders. User feedback suggests that the initial transaction process can be slow, particularly for first-time users.
Trustworthiness:
Although Agility Forex is regulated by FINTRAC, the lack of broader regulatory oversight may raise concerns for some users. Nevertheless, customer reviews reflect a generally positive perception of the broker's reliability.
User Experience:
The user interface is designed for ease of use, making it accessible for individuals unfamiliar with online trading. However, the absence of a mobile app may hinder accessibility for some users.
Additional Features:
While Agility Forex excels in providing essential functionalities, the absence of a mobile application and limited currency offerings may be seen as drawbacks for users looking for more comprehensive services.
In conclusion, Agility Forex presents a solid option for Canadian individuals and businesses seeking efficient foreign exchange services. However, the broker's limited geographical reach and lack of extensive regulatory oversight may make it less appealing for users outside Canada. Overall, the positive user experiences and competitive pricing make it a noteworthy contender in the Canadian forex market.
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