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AGEA , FOREX EXCHANGE Broker Comparison

Do you want to know which is the better broker between AGEA and FOREX EXCHANGE ?

In the table below, you can compare the features of AGEA , FOREX EXCHANGE side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
AGEA
1.52
No Regulation
Under guarantee
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5-10 years
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FOREX EXCHANGE
8.16
Regulated
Under guarantee
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15-20 years
FSA
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Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of agea, forex-exchange lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

agea

Note: This company has been voluntarily dissolved.

Aspect Information
Company Name AGEA
Registered Country/Area Montenegro
Years 5-10 years
Regulation Unregulated
Market Instruments CFD
Account Types Standard and Cent
Minimum Deposit USD 100
Maximum Leverage 1:100
Trading Platforms Streamster and MetaTrader 4
Customer Support Live Support, Phone: +382 (20)664-320 and +382(20)664-320, and Email: support@agea.com
Deposit & Withdrawal Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods (Sofort Banking (Germany) and iDEAL (Netherlands))
Educational Resources Latest News

Overview of AGEA

AGEA, a financial services company, has been operating in the trading industry for 5-10 years. Based in Montenegro, the company provides trading opportunities primarily through Contracts for Difference (CFDs). Despite its years in the industry, AGEA operates in an unregulated environment, meaning it may not be subject to oversight by financial regulatory authorities.

Traders can choose between two types of trading accounts: Standard and Cent. With a minimum deposit requirement of USD 100. The company offers a maximum leverage of 1:100.

AGEA provides traders with two trading platforms: Streamster and MetaTrader 4. Additionally, traders can access live support for real-time assistance with any inquiries or issues they may encounter.

In terms of funding options, AGEA supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).

For educational resources, AGEA provides the latest news to keep traders informed about market developments and trends.

Overview of AGEA

Regulatory Status

AGEA operates as an unregulated trading platform. Unregulated financial institutions are not bound by the rules and regulations designed to protect consumers' interests. This leaves customers vulnerable to various risks such as fraud, mismanagement of funds, and unfair treatment.

Pros and Cons

Pros Cons
Experienced Institution Unregulated
Account Variety Limited Educational Resources
Low Minimum Deposit Higher Risk
Multiple Trading Platforms Potential for Longer Dispute Resolution
Different Deposit/Withdrawal Options Limited Market Instruments

Pros:

  1. Experienced Institution: With 5-10 years of industry experience, AGEA brings a solid foundation and understanding of the trading landscape.

  2. Account Variety: AGEA offers a variety of account types, including Standard and Cent accounts.

  3. Low Minimum Deposit: The minimum deposit requirement of USD 100 makes trading accessible to individuals with varying capital sizes.

  4. Multiple Trading Platforms: AGEA provides traders with a choice of trading platforms, including Streamster and MetaTrader 4.

  5. Different Deposit/Withdrawal Options: AGEA supports various deposit and withdrawal methods, including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods, providing flexibility and convenience to traders.

Cons:

  1. Unregulated: One significant drawback of AGEA is its unregulated status, consumer protection and the security of funds may be concerning.

  2. Limited Educational Resources: AGEA may lack comprehensive educational resources to help traders improve their skills and knowledge, potentially hindering traders' ability to make informed decisions.

  3. Higher Risk: The unregulated nature of AGEA introduces a higher level of risk for traders, as there may be fewer safeguards in place to ensure the stability and security of the financial institution.

  4. Potential for Longer Dispute Resolution: Resolving disputes with AGEA may be more challenging and time-consuming due to the lack of regulatory oversight, leading to delays and frustrations for traders seeking resolution.

  5. Limited Market Instruments: While AGEA offers CFD trading across various asset classes, it may have fewer market instruments compared to some other brokers, limiting trading opportunities for certain traders.

Market Instruments

AGEA offers Contract for Difference (CFD) instruments as part of its market offerings. CFDs are derivative financial products that allow traders to speculate on the price movements of various underlying assets, without actually owning the assets themselves.

With CFDs, traders can take positions on a wide range of financial instruments, including currencies, indices, commodities, and cryptocurrencies. This flexibility enables traders to diversify their portfolios and capitalize on market opportunities across different asset classes.

Account Types

AGEA offers two distinct account types: Standard and Cent.

For the Standard account, the minimum balance requirement is set at USD 100, ensuring accessibility for traders with varying capital levels. On the other hand, the Cent account presents a lower entry point with balances ranging from USD 6 to 5,000, ideal for those starting with smaller amounts.

Both account types share identical leverage options, ranging from 1:1 to 1:100, initially set at 1:100. This flexibility allows traders to adjust their positions relative to their capital, amplifying their potential gains or losses accordingly.

Neither account type imposes commissions, providing traders with a cost-effective trading environment. Additionally, trade sizes are consistent across both accounts, ranging from 1,000 to 100,000 units, enabling traders to execute trades according to their strategies and risk preferences.

Account Type Standard Cent
Balance Limits Minimum USD 100 USD 6 - 5,000
Leverage 1:1 - 1:100 (initially 1:100) 1:1 - 1:100 (initially 1:100)
Commissions None None
Trade Sizes 1,000 - 100,000 1,000 - 100,000
Account Types

How to Open an Account?

Opening an account with AGEA is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

  1. Visit the AGEA website and click “Open Account.”

  2. Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

  3. Fund your account: AGEA offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

  4. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

  5. Start trading: Once your account is verified, you're ready to explore the AGEA trading platform and start making trades.

How to Open an Account?

Service / Product Fees

  1. Withdrawal by Wire Fee - $10.00: This fee is applicable when you make a withdrawal transaction through bank wire transfer. We charge $10.00 for each withdrawal processed via wire transfer.

  2. Withdrawal by Electronic Money Fee - $7.00: For withdrawals processed through non-wire processors, such as electronic money services, we charge a fee of $7.00 per transaction.

  3. Inactivity Fee (SUSPENDED) - $30.00 per Month: Please note that the Inactivity Fee of $30.00 per month, which applies for each 1-month period without account activity, is currently suspended. We'll notify you in advance if there are any changes to this policy.

Trading Platform

  1. Streamster: Streamster is a user-friendly trading platform suitable for traders of all levels. Streamster stands out with its unique international multi-channel chat, allowing traders to discuss market trends and receive real-time customer support. It also seamlessly integrates live and virtual trading desks within a single account, ensuring consistency between demo and live trading experiences. With no balance limits or commissions, Streamster covers Crypto, Currency, Index, and Commodity CFDs, operating from Sunday 22:15 to Friday 21:00 GMT, and offers leverage ranging from 1:10 to 1:100.

  2. MetaTrader 4 (MT4): MetaTrader 4 (MT4) is a customizable trading platform designed for proficient traders. It provides tools for price analysis, trade execution, and automated trading through Expert Advisors (EAs). MT4 offers various chart timeframes and built-in indicators for technical analysis. With its proprietary programming language, MQL4, traders can develop custom EAs tailored to their strategies. Supporting currency, index, and commodity CFDs, MT4 operates within the same trading hours as Streamster. Margin interest, execution types, and position limits vary between standard and cent accounts on MT4, providing flexibility for traders with different risk levels. Additionally, MT4 supports multiple account currencies, enhancing accessibility for global traders.

Trading Platform

Deposit & Withdrawal

AGEA offers a range of deposit and withdrawal options including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods such as Sofort Banking (Germany) and iDEAL (Netherlands).

  1. Bank Wire Transfer: Traders can securely transfer funds to and from their AGEA accounts using bank wire transfers, providing a traditional and reliable method for depositing and withdrawing funds.

  2. Credit/Debit Cards: AGEA accepts major credit and debit cards, offering a convenient and widely used method for instant deposits and withdrawals, facilitating seamless transactions for traders.

  3. E-wallets: Traders can utilize various e-wallet services to deposit and withdraw funds from their AGEA accounts, providing a fast, secure, and convenient payment solution for managing their trading accounts.

  4. Local Payment Methods (Sofort Banking and iDEAL): AGEA supports local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).

Customer Support

Customer support at AGEA is comprehensive and easily accessible, ensuring traders receive assistance whenever needed.

Live Support: Traders can engage with AGEA's support team in real-time through the Live Support feature, allowing for immediate assistance with any inquiries or issues.

Phone Support: AGEA provides phone support through two contact numbers: +382 (20)664-320 and +382(20)664-320. Traders can directly reach out to speak with a representative for personalized assistance.

Email Support: For non-urgent inquiries or detailed requests, traders can contact AGEA's support team via email at support@agea.com. This allows for thorough communication and resolution of queries.

Customer Support

Educational Resources

AGEA offers valuable educational resources through its Latest News section, keeping traders informed about important developments and events. This section provides updates on various company announcements and actions, including notices to shareholders, invitations to general meetings, updates on voluntary dissolution procedures, and more.

By staying updated with the Latest News, traders can gain insights into the company's operations, corporate decisions, and regulatory compliance. This information can help traders make informed decisions and stay ahead of market trends.

Here are some examples of educational resources provided by AGEA through its Latest News section:

  1. Notice to Shareholders on the Payment of Dividends: Traders can learn about dividend payments and their impact on the company's financial performance.

  2. Invitation to General Meetings: Traders can stay informed about upcoming general meetings and participate in discussions regarding company matters.

  3. Update on Voluntary Dissolution: Traders can understand the implications of voluntary dissolution procedures and how they may affect the company's future operations.

Educational Resources

Conclusion

In conclusion, AGEA has its ups and downs:

On the positive side, AGEA has solid experience in trading, offering various account types and a low minimum deposit of USD 100, making it accessible to traders.

But there are drawbacks to consider. AGEA operates without regulation, which might worry some traders about the safety of their funds. Plus, their educational resources are limited, which could affect traders' success. The lack of regulation also means there's more risk involved, and resolving disputes may take longer.

FAQs

Question: What documents do I need to provide to verify my account?

Answer: To verify your account, you'll need to provide a copy of your identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).

Question: What trading platforms does AGEA offer?

Answer: AGEA offers two main trading platforms: Streamster and MetaTrader 4 (MT4). Streamster is user-friendly and suitable for traders of all levels, while MT4 is more advanced and customizable, ideal for experienced traders.

Question: How can I deposit funds into my AGEA account?

Answer: You can deposit funds into your AGEA account using various methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking and iDEAL.

Question: What is the minimum deposit required to open an account?

Answer: The minimum deposit required to open an account with AGEA is USD 100. This ensures accessibility for traders with varying capital levels.

Question: Does AGEA offer educational resources for traders?

Answer: Yes, AGEA provides educational resources to help traders improve their skills and knowledge. These resources include articles, tutorials, webinars, and market analysis tools.

Question: How can I contact AGEA's customer support?

Answer: You can contact AGEA's customer support team through live chat, phone (+382 (20)664-320), or email (support@agea.com). Our support team is available to assist you with any inquiries or issues you may have.

forex-exchange
Basic Information
Registered Country/Region Japan
Regulation FSA
Founding Time 2004
Minimum Deposit No limitation
Maximum Leverage 1:25
Minimum Spreads From 0.7 pips on EUR/USD
Trading Platform MT4 trading platfom
Trading Assets Currency pairs, commodity futures and stock futures
Payment Methods Regular bank transfers and quick transfers
Customer Support 5 /24 Live Chat, Phone, Emails

General Information & Regulation

FOREX EXCHANGE was established in 2004, registered for financial futures trading business in January 2006, joined the Financial Futures Trading Association in February 2006, and registered for first-class financial instruments business in September 2007. In 2008, FOREX EXCHANGE moved its headquarters to Tokyo, and in November of the same year, it registered for the second financial instruments business, and in 2009, it registered for investment advice/institutions, and in April of the same year, it joined the Japan Investment Advisors Association. FOREX EXCHANGE's business also includes forex margin trading in accordance with the Financial Instruments and Exchange Act and all related businesses. FOREX EXCHANGE currently holds a retail foreign exchange license authorized by the Japan Financial Services Agency (Regulatory No. 2010001141146).

Market Instruments

Investors on the FOREX EXCHANGE platform can trade popular currency pairs in the foreign exchange market, as well as commodity futures and stock futures.

Minimum Deposit

There is no initial minimum deposit requirement, but investors are advised to deposit at 100,000 JPY into their MT4 account.

Spreads & Commissions

The EURUSD spread is 0.7 pips, the USDJPY spread is 0.6 pips, the minimum spread for EURJPY is 0.7 pips, the minimum spread for GBPJPY is 1.4 pips, and the spread for AUDJPY is 1 pip.

Trading Platforms Available

Traders trading with FOREX EXCHANGE can apply the MT4 trading platform, which is currently the most popular platform in the market. Since its release in 2005, the MT4 trading platform has become a popular platform for financial institutions and investors worldwide due to the convenience of the trading system and the ability to customize charts freely. The most attractive aspect of MT4 is that it can automatically buy and sell, and users can view exchange rates to buy and sell, and by pre-determining trading rules, trades can be made automatically.

Deposit and Withdrawal

Traders can make deposits to their investment accounts via regular bank transfers and quick transfers. A regular bank transfer is a method of transferring funds to the company's designated account at Internet banking, ATMs, or over-the-counter at financial institutions. The quick transfer is a method of transferring funds from a trader's computer or smartphone to [My MT4]. The client is responsible for transfer fees when transferring funds to the bank account designated by FOREX EXCHANGE. Withdrawals are, in principle, free of charge, but if the withdrawal amount is less than 10,000 yen and the withdrawal amount exceeds 5 times per month, a fee of 540 yen will be charged for each withdrawal.

Pros & Cons of FOREX EXCHANGE

Pros Cons
FSA-regulated ONLY MT4 supported
MT4 trading platform available Conservative leverage
Competive spreads
No minimum deposit requirements
Commodities & Stocks also available

Customer Support

If clients have any inquiries or trading-related issues, they can get in touch with FOREX EXCHANGE through the following contact channels:

Telephone: +81 03-3537-2311

Email: support@forex-exchange.com

Are the transaction costs and expenses of agea, forex-exchange lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive agea and forex-exchange are, we first considered common fees for standard accounts. On agea, the average spread for the EUR/USD currency pair is -- pips, while on forex-exchange the spread is --.

Which broker between agea, forex-exchange is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

agea is regulated by --. forex-exchange is regulated by FSA.

Which broker between agea, forex-exchange provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

agea provides trading platform including -- and trading variety including --. forex-exchange provides trading platform including -- and trading variety including --.

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