AGM Markets Review

MIN. DEPOSIT $250
Up to 200:1
Up to 50% BONUS
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AGM Markets
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Overview

Company Information Let us review one of the most promising young brokers on the international financial stage and namely AGM Markets. The company was created in 2011 and licensed by… more

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Details

BrokerAGM Markets
Website URLhttp://www.agmmarkets.com/
Founded2011
HeadquartersSecond floor, 25 Aischilou street, 3096 Limassol, Cyprus
Support Number+357 25108302
Support Emailsupport@agmmarkets.com
Support TypesLive Chat, E-mail, Phone
LanguagesEnglish, Russian, Spanish, Arabic, Polish, Italian, Turkish
Trading PlatformMetaTrader 4
Minimum 1st Deposit$250
Minimum Trade Amount0.01 lots
BonusUp to 50%
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC
Commission Info$6/lot traded (round trip) only for CFDs
Account TypesMini, Standard
Deposit MethodsVISA, MasterCard, Maestro, Skrill, WebMoney, cashU, BankLink, Neosurf, Sofort, Nordea, Qiwi, Poli, JCC smart
Withdrawal MethodsVISA, MasterCard, Maestro, Skrill, WebMoney, cashU, BankLink, Neosurf, Sofort, Nordea, Qiwi, Poli, JCC smart
Types of AssetsForex, Metals, Index CFDs, Energy CFDs
Account CurrencyEUR, USD, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Let us review one of the most promising young brokers on the international financial stage and namely AGM Markets. The company was created in 2011 and licensed by the Cyprus Securities and Exchange Commission under CIF license 145/11. The same authority also regulates the broker and ensures transparency. The founders of the company are professional traders with passion for the financial markets. Currently AGM Markets serve more than 130 countries around the world and its reputation grows extremely well. The broker is member of ICF, which stands for Investor Compensation Fund, and provide insurance for all the fund deposited by their clients by keeping them in segregated accounts. AGM Markets is traditional brokerage firm dedicated to their customers. Their general policy is always in favor of the customer, which makes them an excellent choice for all kinds of traders – both experts and beginners. The team of specialists behind AGM Markets is quite proficient and all clients can benefit from their extensive skills and adequate predictions.

 

Trading Information

If you are looking for a dedicated broker, which offers Forex currencies and commodities, well, AGM Markets should be a natural choice. Apart from the most frequent instruments, there are also many exotic pairs. Gold and Silver can also be traded, which is an excellent opportunity for those who prefer more liquid markets. The company supports tight spreads for their clients. When it comes to strategies, AGM Markets assure us that no restrictions are applied to their users. In other words, scalping strategies and EA (expert advisors), as well as any other trading style are allowed. The broker is also well prepared for all kinds of clients. There are three types of accounts entirely suitable for almost any need. The Mini account is designed for those who want to make a small investment and “test the waters”. The spread on this account starts from 1 pip, and the leverage goes up to 1:500. The minimum lot size is 0,01. There is also Standard and Premium account, which provide further benefits such as lower spreads and better leverage.

 

Trading Platforms

AGM Markets is partnering with MetaQuotes Software to provide their clients with the most reliable trading platform of all – MetaTrader 4. Unfortunately, MetaTrader 5 is not available since February 2015. The broker decided to cease the usage of this platform for unknown reasons. Still MT4 will be more than enough for both experienced or amateur traders. MT4 is also available for mobile devices, such as iPhone, iPad, Android smartphones and tablets. The software is easy to use and quite intuitive. It’s perfectly designed to make trading as easy as a few simple clicks. There are almost no disadvantages in the mobile trading as all instruments, trade orders, and execution options are still presented. On top of the great platform, AGM Markets offer economic calendars and other helpful gadgets that will aid the customers in their trading journey.

 

Security and Customer Services

AGM Markets is one of the many online brokers with tight security measures and perfect regulation. The company is governed by MiFID (Markets in Financial Instruments Directive (Directive 2004/39/EC), which ensures an active control by a European authority. The broker ensures that there are no hidden charges on any of their financial instruments. Also, AGM Markets advocates for full transparency by making an example of honest broker.

 

The customer care department is offering top notch services for the clients. AGM Markets’ representatives are available 24/5 on the phone, email or live chat. The broker explicitly states that no matter how small the customer is, he will receive the same professional and high quality of service like any other customer. Traders can also request a call back by the client care team if they are concerned with any call fees.

 

Deposits and Withdraws

Let’s review one of the most important aspects for a successful online broker – the payment options. The vast selection of methods is vital as the different clients use various services for the transactions. Luckily, AGM Markets employs some of the most famous transaction methods, such as bank wire transfers, credit, and debit card, as well as e-wallets. You can check them out in the table. If you wonder about charges, you should know that the brokerage company will not apply any fees on both deposits and withdraws. However, credit/debit card transfers may have additional charges issued by the bank. Deposits usually take no more than one day. However, withdraws may take longer – up to 5 business days for the slowest services. Take note that a number of countries are forbidden to use some of the e-wallet payment solutions. Make sure to check the details on the AGM Markets’ deposits/withdraws page prior to any action.

 

Deposit Bonus and Loyalty Program

When it comes to promotions, AGM Markets are not some of the best examples in the branch. In fact, they have only deposited bonus program, which is not permanent, but it’s rather released from time to time. Anyway, let’s take a look at the details. The deposit bonus is equal to 50% of the initial funding for an account with a maximum of $10 000. There is also a lower boundary of $1,000. Clients should take note that this offer applies only to Standard and Premium accounts with leverage equal or less than 1:200. The interesting part is that the bonus can be awarded to both new and existing customers, so those who want to refund their accounts can take advantage as well. Usually such deals run for about two months, so make sure to catch it once AGM Markets release the promotion.

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