AGM Forex

Agm Forex | 2024-11-28 17:24

Abstract：AGM Forex is a broker based in Cyprus, operating for 2-5 years. It offers four trading products, four account types, and supports the MT4 platform. However, its regulatory status is suspicious clone.

Agm ForexReview Summary
Founded	2-5 years
Registered Country/Region	Cyprus
Regulation	Regulated (Suspicious Clone)
Market Instruments	Forex, indices, commodities, and shares
Demo Account	/
Leverage	Up to 1：500
Spread	1 pip
Trading Platform	MT4
Min Deposit	$250
Customer Support	24/5

Note: Agm Forex's official website: https://www.agm-forex.com is currently inaccessible normally.

Agm Forex Information

AGM Forex is a broker based in Cyprus, operating for 2-5 years. It offers four trading products, four account types, and supports the MT4 platform. However, its regulatory status is suspicious clone.

Pros and Cons

Pros	Cons
Offers four trading products	Suspicious clone status
Provides four account types	Minimum deposit of 250
Supports MT4 trading platform
Offers three deposit methods
Leverage up to 1:500

Is Agm Forex Legit?

AGM Forex is regulated by the Cyprus Securities and Exchange Commission, but its regulatory status is a suspicious clone.

Regulatory Status	Suspicious Clone
Regulated By	Cyprus
Licensed Institution	Maxigrid Limited
License Type	Market Making (MM)
License Number	145/11

What Can I Trade on Agm Forex?

AGM Forex offers four trading products: forex, indices, commodities, and shares.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Shares	✔

Account Type

AGM Forex offers four account types.

Account Type	Minimum Deposit	Spreads	Maximum Leverage	Minimum Lot Size
Mini Account	$250–$1,000	1 pip	1:500	0.01
Standard Account	$1,000–$5,000	0.90 pip	1:500	0.1
Premium Account	$5,000–$25,000	0.60 pip	1:200	0.1
Standard ECN	$5,000+	N/A	1:200	0.1

Leverage

AGM Forex offers varying leverage levels depending on the account type:

Mini and Standard Accounts: Maximum leverage of 1:500.
Premium and Standard ECN Accounts: Maximum leverage of 1:200.

Trading Platform

AGM Forex supports the MT4 trading platform, which is available on both mobile and desktop (Windows & macOS) and is suitable for beginners. However, it does not support the MT5 platform.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Mobile and Desktop（Windows & macOS）	Beginner
MT5	❌	Mobile and Desktop（Windows & macOS）	Experienced Trader

Deposit and Withdrawal

AGM Forex requires a minimum deposit of $250 and supports bank transfers, credit/debit cards, and e-wallets for deposits and withdrawals. Deposits are processed within a day, while withdrawal times may vary depending on the method and provider.