AGSMARKETS
Basic Information
Pros and Cons
Pros
- Established in 2009 with operational experience
- Leverage up to 1:400 available
- Offers various trading instruments including forex and CFDs
- Variable spreads starting from 2.2 pips
Cons
- No regulatory oversight from significant financial authorities
- Poor market reputation with numerous withdrawal complaints
- Inadequate customer support reported by users
- No segregation of client funds
- High risk due to potential account blocking
Is AGSMARKETS Safe and Legit?
AGSMARKETS is a forex broker registered in Saint Vincent and the Grenadines, established in 2009, and has over 16 years of operational experience. The broker offers various trading instruments, including forex and CFDs, with leverage up to 1:400 and variable spreads starting from 2.2 pips, although it does not utilize popular platforms like MetaTrader 4 or 5.
AGSMARKETS operates without regulatory oversight from significant financial authorities, raising concerns about its safety and legality for traders, who should approach the broker with caution due to these factors.
Market reputation for AGSMARKETS is notably poor, with numerous customer complaints regarding withdrawal issues and inadequate customer support. User reviews frequently highlight difficulties in accessing funds and claims of account blocking, pointing towards a lack of transparency and reliability in its operations, leading many to label it as a scam.
Is AGSMARKETS a Regulated Broker?
What Are the Regulatory Licenses Held by AGSMARKETS?
AGSMARKETS is a forex broker that operates without regulatory oversight from significant financial authorities. The broker is registered in Saint Vincent and the Grenadines, but it holds no regulated licenses or only offshore regulation. This lack of regulatory oversight raises concerns about its safety and legality for traders, who should approach the broker with caution due to these factors.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
AGSMARKETS does not segregate client funds from its operational assets, which raises concerns about the security of traders’ investments. The broker operates without regulatory oversight from significant financial authorities, and as such, it does not participate in any investor compensation funds or insurance schemes to protect client deposits.
AGSMARKETS Leverage
AGSMARKETS offers leverage up to 1:400 for its trading instruments. This leverage level is significantly higher than the legal limits imposed by many jurisdictions on retail traders, which typically cap leverage to mitigate risks. Clients classified as professional may have access to such leverage, but the absence of regulatory oversight means there are no guarantees for safety.
AGSMARKETS Withdrawal Review
How to Contact AGSMARKETS?
AGSMARKETS has garnered numerous complaints from traders, particularly regarding withdrawal issues. Many users report excessive delays in processing their withdrawal requests, often stating that their funds were blocked or withheld. Credible sources of these complaints include user reviews and ratings on various trading forums and websites, where satisfaction scores are notably low. The broker’s response to these complaints has been criticized for being inadequate and slow, with many customers feeling ignored. There is a pattern of repetitive complaints about withdrawal difficulties, contributing to the perception of AGSMARKETS as a scam. Overall, the broker operates without regulatory oversight, raising serious concerns about the safety of trader funds.
Frequently Asked Questions
A1: AGSMARKETS operates without regulatory oversight from significant financial authorities, raising safety concerns for traders. The broker does not segregate client funds from its operational assets and has received numerous complaints regarding withdrawal issues, leading to a poor market reputation and a perception of being a scam.
A2: AGSMARKETS is registered in Saint Vincent and the Grenadines but does not hold any regulatory licenses from major financial authorities. This lack of regulation significantly raises concerns about the legality and safety of trading with this broker.
A3: AGSMARKETS does not segregate client funds from its operational assets, meaning that there is no additional layer of protection for traders’ investments. The broker also does not participate in any investor compensation funds or insurance schemes, further exposing clients to potential risks.
A4: Traders have reported numerous issues with AGSMARKETS related to withdrawals, including excessive delays, blocked funds, and inadequate customer support. Many users have expressed frustration over difficulties in accessing their funds, contributing to the broker’s negative reputation.
A5: For customer support, traders can reach out to AGSMARKETS via the contact information provided on their official website. However, user reviews indicate that the response from customer support has often been slow and inadequate.
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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.