Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
AGI, a trading name of Agile International, is allegedly a forex broker registered in Cyprus that claims to provide its clients with various tradable financial instruments with leverage up to 400:1 and average spreads of 1.5 pips on the cTrader trading platform, as well as 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that AGI currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.16/10. Please be aware of the risk.
Market Instruments
AGI advertises that it offers access to a wide range of trading instruments in financial markets, including forex, commodities, indices and stocks.
Account Types
AGI claims to offer demo and live accounts. The demo account is valid for 30 days as standard. It allows you to open as many live and demo accounts as you like. However, it also recommends that you open only one trading account on one computer. AGI does not charge an account opening fee or monthly fee.
Leverage
The maximum leverage offered by AGI's trading account is 400:1 (special request required) and is valid only for Forex currency pairs. Standard account leverage is 100:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
AGI claims to offer average EUR/USD spreads of 1.5 pips. All charging no commissions.
Trading Platform Available
The platform available for trading at AGI is cTrader for Windows, Android and iOS. There is no denying that cTrader is a good platform, but MT4 and MT5 can be better. They are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
AGI says to accept deposits and withdrawals via Bank Wire Transfer and China UnionPay. The minimum initial deposit requirement is said to be $200. Bank Wire Transfer deposits require 1-2 working days, while China UnionPay deposits are immediate. Withdrawals with Bank Wire Transfer take about 3-5 working days, while China UnionPay withdrawals are said to be processed within 1-3 business days.
Customer Support
AGI‘s customer support can be reached by telephone: +35722030913, email: vip@agifx.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
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