AGMarkets Review 2020
AGMarkets is an online trading broker that provides traders across the globe with the sophisticated MetaTrader4 trading platform for trading multiple financial instruments, such as stocks, forex, commodities, indices, and metals. They provide clients with a choice of useful trading tools and educational resources whilst offering competitive trading conditions. However, the broker is unregulated which could be a red flag for potential clients.
AGMarkets Review 2020, Pros & Cons
- The user-friendly MetaTrader 4 platforms
- A selection of educational materials
- A range of trading tools
- Multiple financial instruments
- Unregulated brokerage firm
- Located offshore
- No USA clients
- Not the lowest spreads
- No live chat support
- Limited account funding options
In this detailed AGMarkets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
AGMarkets is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including AGMarkets.
AGMarkets Review: Summary
Based in Saint Vincent and the Grenadines, AGMarkets is a trading broker that gives traders access to online trading of multiple financial instruments via the MT4 platform while offering them some useful trading tools and educational materials. There are also multiple account options with a minimum required deposit of $250. They offer competitive spreads whilst charging no commission on trades.
AGMarkets Review: Regulation
AGMarkets is located in Kingstown, Saint Vincent and the Grenadines. However, there is no regulatory information on the broker’s website. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
AGMarkets Review: Countries
The broker allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. They cannot accept traders in the USA.
Some AGMarkets features and products mentioned within this AGMarkets review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
AGMarkets Review: Trading Platforms
The broker provides clients with the widely used and sophisticated MT4 trading platform. It has a user-friendly and intuitive interface, a range of built-in tools, and market news. Its advanced features and capabilities make it one of the best trading platforms of choice amongst forex and CFDs traders all over the world.
The MetaTrader 4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and mobile app for Android and iOS devices, which can be downloaded from the respective app stores.
AGMarkets provide customers with several trading terminals to choose from, namely: MetaTrader 4 trading terminal, and Status, which is a unique trading terminal with a qualitative interface that makes it comfortable for both beginners and experienced traders alike.
AGMarkets Review: Trading Tools
Clients also benefit from additional standalone trading tools, such as Market News, Market Analysis, Economic Calendar, and Trading Signals.
AGMarkets Review: Education
The education section of the broker’s website contains a selection of educational materials, which are geared towards improving traders’ trading skills. They include an Economic Calendar, Webinars, Training Videos, eBooks, Glossary, and a FAQ section.
AGMarkets Review: Trading Instruments
AGMarkets offers multiple financial instruments for trading online. The instruments are spread across different asset classes, including stocks, forex, commodities, indices, and metals.
AGMarkets Review: Trading Accounts & Fees
The broker offers two major categories of trading accounts: Standard and Premium Accounts. The Standard Account has sub-categories, namely: Easy Start ($250), Trader ($1,000), and Pro Trader ($5,000) Accounts, while the Premium Account, on the other hand, is sub-categorized into Premium ($20,000), Lux ($50,000), and Royal ($100,000) Accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this AGMarkets review. It is imperative to ensure that you check and understand all of the latest information before you open an AGMarkets broker account for online trading.
AGMarkets Review: Customer Service
Clients can contact the support team via email, telephone, or by visiting them at their office in Kingstown. There is no live chat support on the brokers website.
AGMarkets Review: Deposit & Withdrawal
The broker accepts the following payment methods as the available account funding and withdrawal options:
- Bank transfer
- Credit/Debit Cards — including Visa, MasterCard, Maestro
AGMarkets Review: Account Opening
To open a trading account, traders are required to click the ‘Sign Up’ button and fill out the form accurately and submit for review and approval by the broker.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
AGMarkets Review: Conclusion
In brief, AGMarkets is a trading broker that provides its clients with access to online trading of multiple financial instruments via the MT4 platform while offering some useful trading tools and educational materials. There are also multiple account options with a minimum required deposit of $250, with competitive spreads and no commissions on trades.
However, the broker is unregulated which could be a red flag for potential clients. They also have limted account funding options and no online live chat support.
Trading Forex is highly speculative and carries a high level of risk. Forex trading and CFD trading involve significant risk to your invested capital. It is possible to lose all your capital, so seek independent advice if necessary. Speculate only with funds you can afford to lose.