On-line since: About the company: ArgusFX offers traders more than 30,000 financial instruments, including currency pairs and CFDs. Company. Security of funds ArgusFX is the name of the Cypriot Argus Stockbrokers Ltd investment company licensed by CySec, No. 334/17. CySEC is an authoritative European regulator, which applies strict requirements to companies: a company must have at least 730,000 euros in its account as a guarantee of its financial stability, and customers’ money must be kept on segregated accounts apart from the company's operating funds. As an additional guarantee for the security of traders’ funds, CySEC obliges all controlled companies to join the Investor Compensation Fund. In the event of the broker’s insolvency, clients can return the amount of up to 20,000 euros from the fund. Every company licensed in Cyprus also has the right to offer its services in other EU countries under the MiFID Directive. Trading conditions ArgusFX operates through the STP execution model and its customers can opt for one of the two types of the STP accounts: Standard interest-free account or Pro STP account with tighter spreads and commission. ArgusFX has two different trading accounts: on both of them, transactions are executed on the STP/ECN technology, which allows traders to directly access the interbank prices set by the top-level liquidity providers. Customers have a choice between Standard STP and Pro STP. Using them, customers can trade microlots. Upon request, Islamic accounts without swaps are also available. Minimum initial deposit ArgusFX did not set a minimum level for an initial deposit amount that is pretty attractive. In order to work on the PRO STP account, you need to deposit a minimum of $200. Leverage The maximum level of leverage is 1:500. Traders should keep in mind that a high level of leverage carries high risk. This is why some regulators limit a leverage size that brokers can offer. Spreads and commissions ArgusFX offers variable spreads on both accounts. On the Standard STP account, typical spreads on the EUR/USD pair are about 1.8 pip, where commission is not charged. On the Pro STP account, spreads start from 0 pip. But on this account, the broker charges a commission, so trading costs are similar to that of the Standard STP account. Customers who deposit more than $2,000 are provided with extra discounts. Trading platforms This broker supports the standard trading platform on Forex, MetaTrader4, which includes a wide range of trading instruments and functions: user-friendly interface, a number of built-in technical indicators, an extended set of charts, a wide range of experts (EAs), and option testing. Traders can download ready-made advisors or create their own ones. Through MetaTrader 4, one can conduct trading on a PC and mobile devices. Like most brokers, this one also offers VPS hosting services. Free hosting is provided to customers who deposit at least $2,000. Training On the website, traders can find various educational articles on the foreign exchange market, a section with frequently asked questions, and useful tools: calculators of margin, pips, and swaps. Support service The company provides each client with a personal account manager and 24/5 support in different languages. Traders can talk directly to a representative at one of the company's offices: in Nicosia, Frankfurt, or Limassol. You can also contact the service by email, online chat, or phone. The website is available in English, Greek, German, Spanish, and Arabic. Payment methods Deposits can be made into the account of ArgusFX through bank wire, credit/debit cards, and online payment systems such as Neteller, Skrill, Webmoney, QIWI, Sofort, CashU, and others. Funds can be withdrawn in the same way they were deposited. It usually takes 1-2 days depending on the method used. There is no charge for depositing or withdrawing. Advantages:
Disadvantages:
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What can I say? I'm wrong for picking this broker. When I have problem with my account, there's nobody in their company to attend me. Contact them for so many times, they ignored me.
I don't have a bad opinion about ArgusFX. Their website is obviously well managed and the design is pretty good too. The sections of this website are very good. They provide analysis, and I read the analysis and forecasts section every day, and everything they publish helped me learn a lot about taking my trading orders. They also have responsive customer service. They are excellent brokers, so I will continue to use them in my trading journey.
There is no way of making money with ArgusFX broker. They have frequent platform disconnection, and massive slippage. Slow processing of withdrawals and emails are replies so late! So many technical issues. I do not recommend ArgusFX broker to anyone.
I met this broker because I was researching about new brokers to invest, the site provides good information and its organized. Their platform has good quality, easy to use and customize, fast execution and low spreads. What I like the most about this broker is that their customer service is always available whenever I call and they talk very friendly, guiding and helping me fix my problems during trading. As I can customize a scalping EA and till now I've earned $2450 without any trouble.
ArgusFX's platform has a lot of issues, like slow order execution or hangs issues. Also, I found requote and so my order often slipped 5 to 20 pips and I can't close my position on the actual position in several trading. now I am fed-up with ArgusFX broker's Mt4 platform, while they hadn't mobile or web-based platform.
ArgusFX does not have a limit on the capital to start an account. That is why when I opened an account, I only deposited the amount that I could afford. I am currently trading at 0.01 lot size and the profit is small but steady. I commend their platform for being stable.
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