Overview of AGI
AGI Markets is an Australian company that has been operating in the financial market for 5-10 years. However, it lacks valid regulation, so traders should be cautious due to potential risks. The company offers a variety of market instruments, including currency pairs, spot metals, oil & energy contracts, and index futures, providing traders with different options to participate in various markets.
AGI Markets provides three types of trading accounts: Demo Account, Standard Account, and Professional Account, each requiring different minimum deposits and offering specific features. Leverage ranges from 100:1 to 400:1 for different account types. Traders should consider average spreads for various instruments and be aware of potential liquidity issues with certain exotic currency pairs and indices during specific market hours.
The company accepts various payment options and multiple currencies. AGI provides different trading platforms, including cTrader 4.1 and Dragon Trader 1.0, catering to Windows, Apple, Android, and IOS devices. Educational tools like Virtual Private Server (VPS), Intelligent Trading System (Expert Advisor), Multi-Account Management (MAM), and an Economic Calendar are also available to enhance traders' experience. However, it is crucial to remain cautious due to the company's lack of regulation and understand the potential risks associated with trading in the financial market.
Pros and Cons
Pros of AGI include the availability of a demo account, providing traders with a risk-free environment to practice and learn. The platform offers leverage up to 1:400. AGI also provides multiple account types with different features. Access to educational tools like VPS and EA enhances traders' capabilities. Moreover, the platform offers various deposit and withdrawal methods. However, there are certain drawbacks to consider. AGI lacks valid regulation, raising concerns about the safety and security of traders' funds. Some instruments on the platform may experience uneven pricing and increased slippage. Additionally, there is limited information available about the trading platforms. Customer support options are also limited. Moreover, AGI's spreads are relatively high compared to other brokers.
Is AGI Legit？
AGI Markets lacks valid regulation as per verification. It is essential to exercise caution and be mindful of the associated risks when dealing with an unregulated broker.
Market Instruments
1. Currency: AGI Markets offers a range of currency pairs, commonly known as foreign exchange (FX), which is the largest trading market globally. Traders benefit from advantages like 24-hour trading, low transaction costs, and the potential to profit from currency appreciation or depreciation. Leveraged trading allows for higher returns with smaller initial capital. Examples include AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY.
2. Spot Metals: AGI Markets provides trading opportunities in precious metals with advantages such as low trade sizes, high leverage, diverse trading options, and straight-through processing for increased security. Examples include XAGUSD (Silver) and XAUUSD (Gold).
3. Oil & Energy: AGI Markets offers Brent and West Texas Intermediate (WTI) crude oil contracts with features like low minimum trade size, automatic rollover, and low overnight fees. Examples include BRENT and WTI.
4. Index Futures: Traders can participate in stock index trading on AGI Markets' diversified platform, with low margin requirements and access to real-time global economic news. Examples include AUS200, ES35, DE30, F40, JP225, STOXX50, UK100, US30, US500, USTEC, and SW120.
Account Types
1. 模拟账户 (Demo Account): No initial minimum deposit required, unlimited total position count, and leverage up to 1:400. It allows trading forex, precious metals, crude oil, stock index futures, and offers features like trailing stops and expert advisor (EA) trading. Managed accounts are not offered for this account type.
2. 标准账户 (Standard Account): Requires an initial minimum deposit of 200 USD or equivalent, with a maximum single trade of 25 lots. It provides low spread levels, floating spread execution, and market notifications. Like the demo account, it offers trading in forex, precious metals, crude oil, and stock index futures, along with trailing stops and EA trading. Managed accounts are not available.
3. 专业账户 (Professional Account): Requires an initial minimum deposit of 50,000 USD or equivalent, with a maximum single trade of 100 lots. It offers extremely low spread levels, floating spread execution, and market notifications. Traders can trade forex, precious metals, crude oil, and stock index futures, with access to trailing stops and EA trading. Managed accounts are not provided for this account type.
How to Open an Account？
To open an account with AGI, follow these steps:
Click on “用户中心” (User Center) on the AGI website.
Log in to AGI CRM using your account credentials. If you don't have an account, click on “去注册新帐号” (Register a New Account).
Provide your account email and password to log in. If you forget your password, click on “忘记密码 ？” (Forgot Password).
After logging in, click on “ Confirm” to proceed.
Leverage
AGI provides a default leverage of 100:1 (1%) for all clients across all trading instruments unless stated otherwise in the Statement of Work. The leverage offered ranges from 100 to 400:1 for different account types.
Spreads
AGI Markets Ltd. offers various trading instruments with average spreads for FX ranging from 1.2 to 2.4 pips, spot metals with spreads of 2.5 pips, crude oil with spreads of 3.8 to 5.7 pips, and stock indices with spreads ranging from 18 to 70 points. Traders should be aware that some exotic currency pairs and indices may experience light liquidity conditions during certain market hours, potentially leading to uneven pricing and increased slippage. It is recommended that clients check market depth before trading these instruments.
Minimum Deposit
AGI provides three account types with different minimum deposits. The Demo Account has no minimum deposit, the Standard Account requires a minimum deposit of $200, and the Professional Account requires a minimum deposit of $50,000.
Deposit & Withdrawal
AGI offers two main withdrawal methods for its users: UnionPay withdrawal and bank wire transfer. For UnionPay withdrawals, the funds are credited in RMB through Payment Asia, and the withdrawal rate is adjusted based on the real-time exchange rate. The processing time forUnionPay withdrawals is typically 1-3 business days. On the other hand, bank wire transfer withdrawals do not incur any fees from AGI, but intermediary banks may apply charges directly. The duration for bank wire transfer withdrawals is around 3-5 business days for the funds to arrive.
Regarding deposits, AGI accepts various methods, including China UnionPay for USD deposits. Users can log in to the website user center and choose “China UnionPay” as the transfer/payment method for depositing USD. The minimum deposit amount is $200 for both bank wire transfer and China UnionPay deposits. Bank wire transfer deposits take 1-2 business days to process, while China UnionPay deposits are instant. AGI accepts multiple currencies, such as AUD, USD, EUR, GBP, SGD, and CAD. Additionally, various payment options are available, including VISA, VISA Electron, Mastercard, NETELLER, JCB, WechatPay, Ban WireTransfer, iDEAL, fasapay, giropay, QIWI, AstroPay, and more.
Trading Platforms
1. AGI cTrader 4.1:
AGI offers the cTrader 4.1 trading platform, available for Windows, Apple devices, Android, and mobile devices. Specific features and functionalities of this platform are not detailed in the provided text.
2. Dragon Trader 1.0 (DT1.0):
DT1.0 is described as the world's most popular online trading terminal, considered an essential tool for all online financial market traders. The platform boasts intuitive functionality, an easy-to-use system, and a comprehensive charting toolkit, providing traders with a range of options to enhance their trading experience. DT1.0 is highlighted for its dynamic nature, including an easy-to-use order entry interface, customizable screen layout, and multi-currency viewing options. Traders are encouraged to familiarize themselves with DT1.0's features before commencing trading to ensure stability and clarity in their trading concepts. Accessing DT1.0 requires registering a free demo account and following the instructions provided via email.
3. IOS Platform:
AGI also offers a trading software version for iPhone and iPad users. Users can access the IOS version by scanning the QR code in the “client office” section or searching for “Dragon Trader 1.0” on the App Store. Additionally, newcomers to iPhone and iPad trading are encouraged to practice risk-free by applying for a demo account on their devices.
4. Android Platform:
The Android platform is widely used in mobile phones and tablets, offering a touch experience similar to Apple's iPads. AGI provides an Android version of the Dragon Trader 1.0 for trading on the go. Users can download the Android version by scanning the QR code in the “client office” section or searching for “Dragon Trader 1.0” in various Android app stores. Similar to IOS users, those new to trading on Android can apply for a risk-free demo account for practice.
Educational Tools
1. Virtual Private Server (VPS):
A Forex Virtual Private Server (VPS) is recommended for meticulous traders who seek uninterrupted, 24-hour operation of their trading platforms. Using an external server, the VPS ensures continuous running of the platform without disruptions caused by network or computer issues. Many traders employ VPS technology to keep their automated trading systems, like Forex robots, running seamlessly. VPS essentially runs on hosted servers, allowing users to access and operate it remotely through any fixed or mobile device. AGI provides top-tier VPS services from reputable data centers, offering stability compared to cloud services that may suffer from shared bandwidth issues.
2. Intelligent Trading System:
An Intelligent Trading System, also known as an Expert Advisor (EA), is an automated trading solution that can be added to the popular and user-friendly Dragon Trader 1.0 platform. It is a software type that executes trading strategies automatically based on preset conditions when the market meets specific criteria. Dragon Trader 1.0 is equipped with a special programming language used to create Expert Advisors. Traders can design their own intelligent trading strategies and use the language to implement them within the software.
3. Multi-Account Management (MAM):
MAM is suitable for traders who wish to control multiple accounts through a single trading terminal. AGI's MAM is an integrated software tool that enables a single trader to execute batch orders for all accounts under a main account. AGI FX platform offers minimal trading spreads, deep liquidity, and ultra-low latency, helping MAM managers generate higher profit returns. The MAM solution is specifically designed for operators with authorized and regulated experience in managing accounts or participating in investment management plans.
4. Economic Calendar:
AGI offers a financial calendar that provides crucial information on upcoming economic events and data releases that can significantly impact financial markets. Traders can use this calendar to stay informed about key events and plan their strategies accordingly.
Customer Support
AGI's customer support can be reached through the email address: vip@agifx.com.
Conclusion
AGI Markets, an Australian company offering AGI services, presents both advantages and disadvantages. On the positive side, it provides a diverse range of market instruments, including currency pairs, spot metals, oil & energy, and index futures, offering potential opportunities for traders. The availability of multiple account types, each with distinct features, caters to different trading preferences. Educational tools such as Virtual Private Server (VPS), Intelligent Trading System (EA), Multi-Account Management (MAM), and an Economic Calendar can enhance trading experiences. However, caution is warranted as AGI Markets lacks valid regulation, potentially exposing traders to associated risks. Additionally, the lack of specific details about the cTrader 4.1 trading platform and potential uneven pricing and increased slippage for certain instruments during specific market hours should be considered. Traders are advised to conduct thorough research and exercise due diligence before engaging with AGI Markets.
FAQs
Q: What is AGI？
A: AGI stands for Australia Company Name AGI Markets, which offers market instruments for trading in currencies, spot metals, oil & energy, and index futures.
Q: Is AGI Markets a regulated broker？
A: AGI Markets lacks valid regulation, so traders should exercise caution and be aware of the associated risks.
Q: What are the account types offered by AGI？
A: AGI provides three account types: Demo Account, Standard Account, and Professional Account, each with different minimum deposits and features.
Q: What are the trading platforms available on AGI？
A: AGI offers cTrader 4.1, Dragon Trader 1.0, and mobile platforms for both iOS and Android devices.
Q: How can I contact AGI's customer support？
A: You can reach AGI's customer support through the email address: vip@agifx.com.
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