On-line since: About the company: AGM Markets is the trade name of AGM Markets Ltd., a company regulated by CySEC and offering to trade currencies, CFDs and metals through MT4. Company. Safety of funds Since 2011, AGM Markets has been serving retail and institutional clients from more than 140 countries around the world providing currencies, indices and energy CFDs as well as precious metals for trading. AGM Markets Ltd. is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Accordingly, the company is authorized to render its services in the EU in accordance with the rules of the MiFID. CySEC applies certain rules to license holders, one of which is the requirement to hold at least 730,000 euros in order to prove their financial stability. In addition, the commission requires that customer funds are kept separately from the company's operating assets. Besides, licensed companies must report to the regulator. In addition, CySEC applies a compensation scheme to investors, thus ensuring safety of client assets. All companies regulated by CySEC are members of the Investor Compensation Fund, so customers can receive compensation in the amount of not more than 20,000 euros if the broker goes bankrupt or ceases to operate. Trading conditions This broker has two main trading accounts: Mini and Standard. Trading costs on two accounts are similar, but there is a significant difference in the minimum initial requirements. Keep in mind that micro lots are available for trading only on the Mini account; while CFDs can only be sold on the Standard account. Minimum initial deposit AGM Markets requires a minimum deposit of $250, which is an average value in the industry. However, for comparison, some leading brokers require only $1. Spreads and commissions This broker offers floating spreads that differ depending on the account type. Spreads on the Mini account start from 1.7 pips for EUR/USD. On the standard account, spreads start from 1.1 pips and include a commission of $6 per lot. Thus, the prices offered by AGM Markets are not very competitive, since spreads above 1.5 pips for the EUR/USD pair are considered rather high. Leverage The maximum leverage with this broker is 1: 200, which is average, but most brokers offer bigger ones. Higher levels of leverage can increase the profits of traders with a small deposit and lead to large losses. Nevertheless, if you are ready to take risks, many brokers offer a leverage of up to 1:1,000. You can find these brokers in our ranking. Trading platform Like most forex brokers, AGM Markets provides its services through the standard MetaTrader 4 platform. This platform offers a number of technical indicators, an extended chart set, numerous expert advisors, and impressive testing environment. Users can download ready-made or create their own expert advisors, which will fully automate their transactions. Support service The support center operates 24/5. Traders can contact it via phone, online chat, email, or they can order a call back. Payment methods AGM Markets offers its customers the following payment options: bank transfer, payment cards as well as electronic wallets such as Skrill, Sofort, Neosurf, СashU, POLi, QIWI, and WebMoney. Advantages:
Disadvantages:
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I have been trading with ADS Securities smoothly! Till now, I never had any difficulty issuse with them. I find the tightest spreads and fastest execution on the platform so far. Theie withdrawal service are fastest and they has a good customer service too.
I started to trade with AGM Markets because I like the low spread on EUR/USD 0.5 pips and the low deposit, only that I lost $700 trying to trade on the MetaTrader 4 platform. It crashes, it has delays and the support team can't do much. They always say is my laptop or internet problem. I tried to trade from Android and from other desktop but the problem is still there. The support team is not answering my emails or calls. I requested to withdraw the money left in my account after trading EUR/USD and GBP/EUR pairs, it took 14 days to could withdraw. I closed today the account and I am happy.
Trading with AGM Markets broker for five months on real accounts. Their bonuses are great! Definitely recommend to all traders both beginners and professionals. Excellent service and fast execution. If I want to withdraw my money I get it during 2 or 3 hours its amusing.
Supposedly, the trading platform of AGM Markets is stable. But this is now what I am experiencing. Contrary to what the company claims, the platform malfunctions all the time and the trades are closed automatically even when the SL or TP are still far from the current price.
Customer service is useless. Use this broker if you want to be robbed. Sorry but I have a very bad experience with this company. Lots of disconnection every day and they give a bad execution. They are very slow in terms of communication. I already remove all my deposit from this sucks broker after 5 months trade with them. They don't even respond to my e-mails. It is like no one it there! Do not use them. I don't have any more access to my account. My money was never returned. I am left bankrupt.
I am satisfied in a mini account with AGM Markets platforms, As trade executed on-time and I can use some helpful tools, indicators and EA on the MT4 platform too. Overall my trading experience is good by earning $250 so far. I have withdrawn $100 profit through the Neteller account. Which was fast and easy. So I think AGM Markets broker maintaining the quality of their services and their reliability. So I am happy about their extraordinary service, which makes me profitable.
Everything else about AGM Markets is amazing except the trading costs. The broker claims that they have low fees and tight spread but the truth is trading at this broker costs too much. Especially for a beginner like me, most of my funds just go to the fees. I honestly don't think I will progress here so I just closed my account.
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