AGBK Broker
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CYSEC)
- Trading platform: MetaTrader 5 (MT5)
- Minimum deposit requirement of €50
- Competitive spreads starting from 0.1 pips on forex
- Offers trading in forex, commodities, and indices
Cons
- Only one account type available
- Limited trading instruments (no stocks, ETFs, or cryptocurrencies)
- Newly established broker with limited track record
- Minimal information on funding methods
- Regulation limited to Cyprus (not major jurisdictions)
Basic Information
User Reviews
AGBK Broker Overview
AGBK Broker, established in 2024, is a forex brokerage based in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 428/23. This regulatory oversight provides traders with a level of security and trust, ensuring that the broker adheres to strict financial standards. With its recent establishment, AGBK Broker aims to offer a transparent trading environment for both novice and experienced traders in the forex market.
Is AGBK Broker Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is AGBK Broker Regulated and How Are Client Funds Protected?
AGBK Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 428/23. This regulatory oversight ensures that the broker adheres to stringent financial standards and practices, enhancing its legitimacy. Client funds are protected through measures such as segregated accounts, which separate client funds from the broker’s operating capital, and participation in the Investor Compensation Scheme, providing additional security for clients in case of broker insolvency. Although AGBK Broker is relatively new in the market, its regulatory status and fund protection measures make it a safe option for traders looking for a regulated environment.
Trading Products and Services
What trading instruments does AGBK Broker offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 40+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Multiple |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Multiple |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | |
| Cryptocurrencies | BTC, ETH |
AGBK Broker provides a diverse range of trading instruments that cater to various trader profiles. With offerings in Forex, commodities, and indices, traders can engage with over 40 forex pairs, including major and minor pairs, which is ideal for both new and experienced traders. The inclusion of commodities like gold and oil, along with a selection of indices, allows for flexible trading strategies and portfolio diversification. This product variety not only meets the needs of technical traders looking for detailed analysis but also appeals to long-term investors seeking stability in their investments. By supporting multiple asset categories, AGBK Broker enhances user adaptability, making it a valuable platform for a wide spectrum of trading strategies.
Account Types and Trading Conditions
What Account Types and Fees Does AGBK Broker Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| AGBK PRO Account | Retail traders, beginners | Low spreads, access to forex and commodities | Minimum deposit of €50 required |
Account Opening Process
To open an account with AGBK Broker, prospective traders need to complete a straightforward process. Initially, users must provide personal information, including their name, email address, date of birth, and residential address. Following this, employment and financial information is required to assess the trader’s background. Identity verification is mandatory, necessitating submission of a government-issued ID and proof of address, such as a utility bill. This process ensures compliance with regulatory standards. Traders should note that there is flexibility in account management, allowing for upgrades to a professional account as trading experience and volume increase over time.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.1 | $0 | Tight spreads for major pairs |
| Forex (GBP/USD) | 0.2 | $0 | Competitive spreads |
| Indices (S&P 500) | 0.7 | $0 | Low spread for popular indices |
| Commodities (Gold) | 0.5 | $0 | Attractive spreads on commodities |
| Cryptos (BTC/USD) | 1.5 | 0.1 | Variable spread based on market conditions |
Other Fees
AGBK Broker maintains transparency regarding additional fees. Deposit and withdrawal fees may apply depending on the payment method used. An inactivity fee is charged for accounts that remain dormant for an extended period. Users should also be aware of platform usage fees if they opt for specific trading tools or services. Overnight interest, known as swap rates, will be applied to positions held overnight, and currency conversion fees may apply for trades involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does AGBK Broker Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT5 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo account, VPS |
| Web Version | Any device with internet access | Login security, symbol lookup, push notifications | API interface |
| Mobile App | iOS, Android | Biometric login, one-click trading, real-time alerts | Demo account |
AGBK Broker provides a range of trading platforms including MT5, a web-based version, and a mobile app. MT5 is ideal for advanced traders with its extensive tools and features, while the web version offers flexibility for trading from any device. The mobile app supports convenient trading on-the-go, ensuring secure logins and fast order execution. Real-time alerts and efficient search tools are available across all platforms, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-3 business days | No platform fee | Min 100, Max 50,000 | EUR, USD |
| GrabPay | Instant | 1.5% charge | Min 50, Max 20,000 | SGD, USD |
| SPEI | Instant | No fees | Min 200, Max 30,000 | MXN, USD |
| Cryptocurrency | Instant | No platform fee, network fees apply | Min 0.01 BTC, Max 5 BTC | BTC, ETH, USDT |
Minimum Deposit
The minimum deposit required by AGBK Broker is $100. This amount remains consistent across all payment methods and account types, ensuring a straightforward entry point for traders.
How to Withdraw
To withdraw funds from your AGBK Broker account, follow these steps:
- Log in to your AGBK Broker account.
- Navigate to the ‘Withdrawal’ section in the account menu.
- Select your preferred payment method from the available options.
- Enter the withdrawal amount, ensuring it meets the minimum and maximum limits.
- Confirm your transaction and submit the withdrawal request.
- Monitor your withdrawal status in the ‘Transaction History’ section.
Customer Support
AGBK Broker Customer Support Overview
Support Channels
AGBK Broker offers multiple support channels to ensure customers receive timely help. Clients can reach out via:
- Email: For inquiries and support, customers can send an email to support@agbk-broker.com.
- Live Chat: The broker provides a live chat option on their website for real-time assistance.
- Telephone: Customers can contact support by dialing +357 22777458 for direct communication.
- Social Media: AGBK Broker is also active on various social media platforms, where clients can engage and seek help.
Service Availability
AGBK Broker offers customer support 24 hours a day, five days a week (24/5). Additionally, the broker provides multilingual support, catering to clients in languages such as English and Greek, ensuring that help is accessible to a diverse clientele.
Additional Resources
To further support their customers, AGBK Broker offers a variety of educational resources, including:
- Video Tutorials: A selection of tutorials that guide users on how to navigate the trading platform and understand trading concepts.
- Webinars: Regular online seminars focused on trading strategies and market analysis.
- Market Analysis: Comprehensive analysis reports that help traders make informed decisions.
- Trading Signals: Real-time trading signals to aid in trading decisions.
Frequently Asked Questions
Yes, AGBK Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under License No. 428/23. This compliance ensures that the broker adheres to strict financial standards and practices, providing a level of security for clients’ funds and trading activities.
AGBK Broker offers a single account type known as the AGBK PRO account, which requires a minimum deposit of €50. The broker provides competitive trading conditions, including spreads starting from 0.1 pips for forex, 0.7 pips for indices, and 0.5 pips for commodities, all on the MT5 trading platform.
Client funds at AGBK Broker are kept in segregated accounts, which means that they are held separate from the broker’s operational funds. This practice, combined with regulatory oversight from CySEC, enhances the security and protection of client assets.
Clients can expect a user-friendly trading experience with AGBK Broker, as the MT5 platform provides robust tools for analysis and trading. The broker also offers a demo account for new traders to practice and familiarize themselves with the platform before committing real funds.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.