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AGM Markets Review
AGM Markets provides FX trading services. They provide traders with access to a large range of instruments in a number of markets, such as currencies and commodities.
Pros
- Regulated by CySEC
- Min. deposit from $250
- Segregates client funds
- Established in 2011
Cons
- Doesn’t allow EAs (See alternatives)
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $250 is required to create a live account. Alternatively, AGM Markets provides a demo account that you may use to experiment and become acquainted with their platform.
Regulated by CySEC (Licence: 145/11), AGM Markets places all customer money in segregated bank accounts with tier-1 institutions. AGM Markets was founded in 2011 and has its headquarters in Cyprus.
Before we get into the specifics of AGM Markets’ spreads, fees, platforms, and trading features, you may want to open AGM Markets’ website in a new window by clicking the button below to get the most up-to-date data directly from AGM Markets.
Visit AGM MARKETS
Full disclosure: If you join up with a broker through one of our links, we may get a commission.
What are AGM Markets’s spreads & fees?
AGM Markets, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an item.
The commissions and spreads shown here are based on the AGM Markets website’s minimum spreads.
| Forex | AGM Markets | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 1.3 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 2.0 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 1.8 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1.6 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 1.5 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 1.5 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 2.2 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1.6 pips | 0.5 pips | 0.1 pips |
Spreads are changeable and are provided solely for research reasons.
As you can see, the minimum spread for trading EUR/USD at AGM Markets is 1.3 pips, which is rather high when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with AGM Markets to similar brokers.
SEE ALL SPREADS
How much does AGM Markets charge for a lot of EUR/USD trading?
If you bought one standard lot of EUR/USD (100,000 units) with AGM Markets at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $13. Here is a general analysis of the fees and how they compare to IG and XTB.
| AGM Markets | IG | XTB | |
| Spread from: | $ 13.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 13.00 | $ 6.00 | $ 2.00 |
| $7 less | $11 less | ||
| VISIT AGM MARKETS | VISIT IG | VISIT XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with AGM Markets?
AGM Markets provides over 55 different trading products, including over 44 currency pairings. Below, we’ve detailed all of the numerous types of instruments offered by AGM Markets, as well as the products offered by IG and XTB for comparison..
| FX / Currencies | AGM Markets | IG | XTB |
| # of forex pairs offered | 44 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | No | Yes | Yes |
| Commodity CFDs | AGM Markets | IG | XTB |
| # of commodities offered | 2 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | AGM Markets | IG | XTB |
| # of stocks offered | 0 | 8000 | 1606 |
| UK shares | No | Yes | Yes |
| US shares | No | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| SEE AGM MARKETS’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
Visit AGM Markets
What’s the AGM Markets trading experience like?
1) Platforms and apps
AGM Markets is just one of those brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison.
AGM Markets now provides mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
SEE AGM MARKETS’S PLATFORMS
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
AGM Markets allows you to execute as little as 0.01 Lot trade. This may differ based on the type of account you establish. The maximum trading requirements differ based on the trader and the instrument.
Because AGM Markets provides STP execution, you may anticipate narrower spreads and greater transparency in the price you pay to execute your transactions.
AGM Markets may have fewer entrance criteria as a market maker than an ECN broker, who benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
AGM Markets is one of the few brokers which promise to have no requotes, so you won’t have to think about slippage (your trades being filled at a different price to what you executed them at).
Margin requirements vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
AGM Markets also provides a variety of risk management tools, including as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You may view all of AGM Markets’ account features here.
Finally, we’ve included a list of some of the most popular financing methods used by AGM Markets.
Trading Features:
- Allows hedging
- Offers STP
- Allows scalping
- Low min deposit
- Offers Negative Balance Protection
Accounts offered:
- Micro account
- Mini account
- Standard account
- Demo account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
3) Client support
English, Russian, Spanish, Italian, Arabic, Polish, and Turkish are among the languages supported by AGM Markets.
AGM Markets gets a CompareBroker triple AAA support rating because to their extensive language and support choices.
4) What you’ll need to open an account with AGM Markets
Because AGM Markets is CySEC-regulated, every new customer must pass a few simple compliance tests to confirm that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it handy
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You will need to complete a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse AGM Markets’ platform immediately, it is essential to note that you will not be able to execute any transactions until you pass compliance, which may take several days depending on your circumstances.
To begin the process of creating an account with AGM Markets, go to their website.
Open a demo account
79% of retail investor accounts lose money when trading CFDs with this provider.
