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AGA TRADERS -

Score

1.50 /10
Danger

AGA TRADERS

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ksgmarkets.com/

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Comparison

Quantity 13

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.95

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

AGA TRADERS GROUP LTD.

Company Abbreviation

AGA TRADERS

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-05-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

13 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Scam

This people stole my money

FX1036407182
2021-03-01 07:07
Unable to Withdraw

Scam. Unabel to witdhraw

If you profit, they will not allow you to withdraw.

FX1036407182
2020-11-02 10:42
Unable to Withdraw

Unable to withdraw

Kexin Wu, claiming the market manager of CGSE, said she would help me pursue the money in gold8 service. So she asked me to deposit $2,000 in their platform first. Now she disappeared and didn’t reply to my messages. I’m unable to withdraw. I emailed their company but the email address is false. She use the fake photos to cheat others on the internet. I can’t show you the history of withdrawal applications and trading because I can’t log in.

FX3491264380
2020-11-06 13:53
Scam

Knight Service Group = Qiviut... Same scammers!

I've just realized that at first sometime around August 2020, the person asked me to register under kgmmarkets.comSo they are the same scammers as Qiviut and they maybe using other names as well. In the beginning they had asked me to do a bank transfer and gave me their bank details. Please people report these scammers maybe we can get some help from the authorities. See the attached banking details. Bank based in Hong Kong. If we file more complaints the police can take on the cases and easily find them through the information provided to bank and also phone numbers they have been using to communicate.I have filed an online report on the HK police website, please please do the same. (copy and paste the following link of the HK police cyber crime page)https://www2.erc.police.gov.hk/cmiserc/EGIS-HK-Web_NEW_UI/ereport_details;jsessionid=MRqK1IUg6GO8NgsR0iHfuAs-hzyDgYBzybidrbPM.node1?report=CBR_CRIME&fontSize=100&vTimeoutReminder=1740000&vTimeoutVal=1800000&vTimeoutReminderVal=60000

FX4121159994
2021-01-01 22:18
AGA TRADERS · Company summary

For now, we could only piece together a rough picture of AGA TRADERs forex broker activities by looking up important information on other websites while the broker's official website was unavailable.

General Information

AGA TRADER is an online forex broker registered in the United Kingdom, offering a series of trading instruments including forex, commodities, indices, and stocks.

AGA TRADER is said to be owned and operated by AGA TRADERS GROUP LTD., a company registered in the United Kingdom. However, according to WikiFX, this brokerage is not regulated or licensed by any regulatory authorities to conduct financial activities.

Market Instruments

AGA TRADER claims that it offers mainstream and popular trading assets, which include Foreign Exchange, as well as a series of CFD products on Commodities, Indices, and Stocks.

Trading Platform

AGA TRADER supports the MT5 trading platform, the preferable choice of most forex traders. The MT5 has kept many of its predecessor‘s positive features and tools, but it is more technically advanced. Traders can benefit from the platform’s great charting and analysis, automated trading through Expert Advisors (EA), and also deal in derivatives and exchange-traded instruments from one account.

Please note that AGA TRADER does not offer a demo account, which makes traders lose the opportunity to get a feel of this platform and enhance their trading skills.

Deposit & Withdrawal

AGA TRADERs minimum deposit requirements are kept under wraps. In most cases, most brokerages support their clients to make a deposit and withdrawal through some common payment methods, such as Credit Cards (VISA, MasterCard, Maestro), as well as e-payment processors like PayPal and Skrill.

Please keep in mind that VISA and MasterCard allow you 540 days to file for chargeback which gives you a fight chance to recover your money.

Contact Information

AGA TRADER can be reached through email: support@honchmarkets.com only, and the lack of online communication or phone number is another worrying sign. This means if you encounter some trading problems, you cannot even directly talk to this broker.

User Reviews

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User comment

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Comments

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忆新
more than one year
Scammers! They induced me into putting money in, but when I gained some profits and wanted to take them out, they refused my withdrawal request. Everyone should be careful and don't be fooled by these scammers!
Scammers! They induced me into putting money in, but when I gained some profits and wanted to take them out, they refused my withdrawal request. Everyone should be careful and don't be fooled by these scammers!
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2022-12-01 11:33
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