General Information
Founded in 2015 and based in Belize, AGM operates as an online trading platform regulated by the International Financial Services Commission of Belize (IFSC) under license number IFSC/60/448/18, which falls under offshore regulation. AGM is not only a trading platform but also a financial technology company and financial solutions provider, dedicated to delivering cutting-edge trading platform solutions and financial technologies. With a strong focus on innovation, AGM offers access to a diverse range of tradable assets, such as foreign currencies, commodities, precious metals, and more, catering to the needs of traders worldwide.
Is AGM Legit？
AGM is regulated, operating under regulatory oversight from the International Financial Services Commission of Belize (IFSC), holding a retail foreign exchange license with license number IFSC/60/448/18. This regulatory framework provides essential protections for investors, ensuring compliance with legal standards and reducing the likelihood of fraudulent activities. Regulated brokers like AGM adhere to stringent financial reporting standards, offering investors transparent and reliable information for informed decision-making. However, it's important to note that the Belize IFSC regulation (license number: IFSC/60/448/18) falls under offshore regulation, which may pose certain risks. Investors should exercise caution and be aware of these risks when engaging in online trading activities.
Pros and Cons
AGM offers traders a diverse range of trading instruments, providing ample opportunities for diversification and potential profit. Operating under regulatory oversight, the platform ensures compliance with established standards, enhancing the overall safety and reliability of its services. However, one drawback is the occasional difficulty in accessing the website, which could disrupt trading activities and impact user experience. Additionally, AGM provides limited customer support options, primarily through email, which may hinder prompt issue resolution and assistance for traders. Furthermore, there is a notable lack of educational resources or transparency regarding company policies and procedures, potentially hindering traders' ability to make informed decisions.
Trading Instruments
Investors can trade over 70 Forex currency pairs on the AGM brokerage platform. This is a relatively limited number of financial trading assets for traders on the AGM brokerage platform.
Minimum Deposit
The AGMBroker website does not display any minimum deposit related information on its official website.
AGMBroker Leverage
In terms of trading leverage, the maximum trading leverage offered by AGM brokerage is up to 1:500, which is considered high. Inexperienced traders are advised not to use such high leverage in case of heavy fund losses.
Spreads & Commissions
AGMBroker platform comes with floating spreads, and the official website only shows that in addition to the spreads, a commission is charged, but the exact amount of the commission is not informed.
AGMBroker Trading Platform
AGMBroker offers traders the MT4 trading platform, with a clear interface, charting tools and technical indicators, multi-lingual support, extensive backtesting options, supporting automated trading via EA, and compatibility with IOS and Android systems.
Deposit & Withdrawal
AGMBroker supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, and wire transfer payment methods. Compared to most brokers, AGM offers a limited range of payment methods.
Customer Support
Clients can contact AGM's customer support primarily through email atcsupport@agmbroker.com.
Conclusion
AGM offers a diverse range of trading instruments under regulatory oversight, ensuring safety and reliability. However, occasional difficulty accessing the website and limited customer support via email may inconvenience traders. Moreover, the lack of educational resources and transparency regarding company policies could hinder informed decision-making.
FAQs
Q: Is AGM regulated？
A: Yes, AGM is regulated, operating under regulatory oversight from the International Financial Services Commission of Belize (IFSC), holding a retail foreign exchange license with license number IFSC/60/448/18. However, it's important to note that the Belize IFSC regulation (license number: IFSC/60/448/18) falls under offshore regulation, which may pose certain risks.
Q: What trading instruments are available on AGM？
A: AGM offers a range of trading instruments, including foreign currencies, commodities, and precious metals, all based on spot trading contracts.
Q: How can I contact AGM's customer support？
A: Clients can contact AGM's customer support primarily through email at csupport@agmbroker.com.
Risk Warning
Trading online carries inherent risks, including the potential loss of your entire investment capital. It's important to recognize that online trading may not be suitable for all traders or investors. The information provided in this review is subject to change as the company's services and policies evolve over time. Due to the dynamic nature of the financial markets, it's advisable to verify updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies solely with the reader.
