Overview
Agartha Asset Management is a company based in Iceland, but it operates without regulation, making it a risky choice for potential investors and traders. This broker has faced blacklisting by multiple financial regulators, raising significant concerns about its legitimacy. The minimum deposit requirement starts at $250 and varies depending on the chosen account type. The maximum leverage offered, especially for certain instruments, is notably high at 1:50, which can expose traders to substantial risks. Spreads are not specified and may vary based on the account type. Agartha Asset Management uses the WebTrader platform and offers a range of tradable assets, including Forex, cryptocurrencies, stocks, and indices. However, it lacks a demo account and Islamic account options. Customer support options are limited, primarily through email, and payment methods remain unspecified, although there have been reports of fraudulent activities associated with the company. Overall, this broker's unregulated status and associated risks make it a highly questionable choice for financial dealings.
Regulation
Agartha Asset Management is an unregulated broker, lacking the necessary licenses and approvals from reputable financial authorities. It has been blacklisted by financial regulators in multiple countries, including Spain, Belgium, and Slovenia, with official warnings issued against its operations. This absence of regulatory oversight raises significant concerns for potential investors and traders, as it exposes them to inherent risks, such as the potential for fraudulent activities and limited investor protection. Consequently, individuals are strongly advised to avoid this broker and consider reputable and regulated alternatives to safeguard their funds and ensure compliance with financial laws and regulations.
Pros and Cons
Agartha Asset Management presents both advantages and significant drawbacks. On the positive side, the broker offers a variety of market instruments, including forex, cryptocurrencies, stocks, and indices. It provides tiered account types with varying benefits and high leverage options. However, the broker's regulatory status is a major concern, as it lacks proper regulation and has been blacklisted by financial regulators in multiple countries. Customer support is notably lacking in transparency and accessibility, with reported withdrawal issues further raising concerns. Additionally, the trading platform offered by Agartha Asset Management is basic, and specific spread and commission details are not provided. Traders should exercise extreme caution when considering this broker and explore regulated and reputable alternatives for their financial activities.
Market Instruments
Agartha Asset Management, as described in the provided review, offers a limited range of market instruments for trading. These instruments include:
Forex (FX) Trading: Agartha Asset Management provides access to over 50 currency pairs, including pairs like CAD/JPY, EUR/AUD, and GBP/CHF. Forex trading involves the exchange of one currency for another and is a common market for speculative trading.
Cryptocurrencies (Cryptos): The broker offers trading in more than 20 cryptocurrencies, including well-known options like BTC (Bitcoin), XRP (Ripple), ETH (Ethereum), Cardano, Tether, and BNB (Binance Coin). Cryptocurrency trading allows investors to speculate on the price movements of digital currencies.
Stocks: Agartha Asset Management offers trading in over 40 stocks. Stock trading involves buying and selling shares of publicly traded companies, allowing investors to participate in the equity markets.
Indices: The broker provides access to trading in two indices. Indices are portfolios of stocks representing a particular market or sector. Investors can speculate on the overall performance of these indices.
Commodities (Not Available): The review mentions that Agartha Asset Management does not offer commodities for trading. Commodities include assets like gold, oil, and agricultural products and are often traded as futures contracts.
It's worth noting that while the broker offers a variety of market instruments, it has been flagged as an unregulated and potentially fraudulent entity by financial regulators in multiple countries. Traders should exercise caution and perform thorough due diligence before considering any investment with such a broker. It is generally advisable to choose brokers that are properly regulated and transparent in their operations to ensure the safety of your funds and compliance with relevant financial laws.
Account Types
Basic Account:
Minimum Deposit: $250
Leverage: 1:2
Features: The Basic Account is the entry-level option, requiring a minimum deposit of $250. With this account, clients gain access to a limited set of features, including basic customer service and the ability to make withdrawals within five business days.
Bronze Account:
Minimum Deposit: $7,500
Leverage: Higher than Basic Account
Features: The Bronze Account requires a more substantial minimum deposit and offers increased leverage compared to the Basic Account. Clients upgrading to this account tier can expect quicker withdrawal processing, enhanced customer support, and potential bonuses.
Silver Account:
Minimum Deposit: $25,000
Leverage: Higher than Bronze Account
Features: With a higher minimum deposit, the Silver Account provides even more favorable leverage, faster withdrawals, and a higher level of assistance and support from the company. Bonuses may also be available to Silver Account holders.
Gold Account:
Minimum Deposit: $60,000
Leverage: Higher than Silver Account
Features: The Gold Account is designed for more serious traders with a substantial minimum deposit. It offers higher leverage, faster withdrawal processing, priority customer service, and additional bonuses.
Platinum Account:
Minimum Deposit: $150,000
Leverage: Highest among account types
Features: The Platinum Account is the highest tier, requiring a significant deposit. Clients with this account benefit from the highest available leverage, the fastest withdrawal processing times, top-tier customer support, and the most generous bonuses.
Here is a table summarizing the account types:
It's important to note that while these account types offer varying benefits, the broker itself has been flagged as unregulated and potentially fraudulent by multiple financial regulators, which should raise concerns about the safety of funds and the legitimacy of the broker's offerings. Traders should exercise extreme caution when considering any engagement with this broker.
Leverage
Agartha Asset Management offers a maximum trading leverage of 1:50, as indicated in the provided information. This means that for every $1 in their trading account, clients can open a position worth up to $50 in the market. While 1:50 leverage is available for certain trading instruments like indices and cryptocurrencies, this level of leverage is significantly higher than what is typically allowed by regulatory authorities in many countries. For instance, according to ESMA (European Securities and Markets Authority) regulations, in most EU countries, cryptocurrency leverage is limited to a maximum of 1:2. High leverage can amplify both potential profits and losses in trading, making it a high-risk feature that should be used with caution. Traders should carefully assess their risk tolerance and trading strategies when considering the use of leverage, especially with unregulated brokers like Agartha Asset Management.
Spreads & Commissions
Spreads:
Agartha Asset Management's spreads, which represent the difference between the buying (ask) and selling (bid) prices of assets, vary depending on the type of trading account chosen by clients. While specific spread values are not provided in the available information, we can infer some general expectations based on the tiered account structure.
Basic Account: As the entry-level account, the Basic Account may offer wider spreads compared to the higher-tier accounts. This could be due to the trade-off for its lower minimum deposit requirement.
Bronze Account: Traders upgrading to the Bronze Account can anticipate potentially tighter spreads compared to the Basic Account. However, exact spread values are not specified, and traders should verify this information with the broker.
Silver Account: The Silver Account may provide even more competitive spreads, contributing to potentially lower trading costs for clients at this level.
Gold Account: With a Gold Account, traders can expect further improvements in trading conditions, potentially including tighter spreads, making it suitable for more serious traders.
Platinum Account: The Platinum Account, being the highest tier, is likely to offer the most competitive spreads among all account types, resulting in potentially lower overall trading costs for clients.
Commissions:
Details about commission fees associated with Agartha Asset Management's trading accounts are not explicitly mentioned in the provided information. However, it's common in the industry for some brokers to charge commissions on certain types of accounts, especially those with lower spreads. The specific commission amounts, if applicable, would need to be confirmed directly with the broker.
Deposit & Withdrawal
Deposits:
Agartha Asset Management allows clients to fund their trading accounts through deposits. Here are some general aspects of the deposit process based on the available information:
Minimum Deposit: The broker requires a minimum deposit of $250 to open a live trading account. This minimum deposit may vary depending on the chosen account type.
Deposit Methods: Specific deposit methods are not detailed in the provided information. However, brokers typically offer various deposit options, including bank transfers, credit/debit card payments, and potentially e-wallets or other online payment methods.
Account Funding: Clients can fund their trading accounts by transferring funds through their chosen deposit method. The broker should provide instructions and account details for making deposits.
Withdrawals:
The withdrawal process with Agartha Asset Management seems to be a point of concern based on the information provided:
Withdrawal Issues: According to the review, there have been complaints related to withdrawal issues with Agartha Asset Management. Clients have reported difficulties in withdrawing their funds.
Unregulated Status: It's important to note that the broker is unregulated and has been blacklisted by financial regulators in several countries. This lack of regulatory oversight can lead to issues with fund withdrawals, as clients may have limited recourse in resolving disputes.
Account Suspension: The review suggests that clients who request withdrawals may experience account suspensions. This means that clients may face challenges in accessing their accounts and funds when they attempt to withdraw.
Given the unregulated and potentially fraudulent nature of Agartha Asset Management, potential investors and traders should exercise extreme caution when considering depositing funds with this broker. The reported withdrawal issues and lack of regulatory protection raise significant concerns about the safety of client funds. It is advisable to choose regulated and reputable brokers to ensure a transparent and secure deposit and withdrawal process, as well as the protection of invested capital.
Trading Platforms
Agartha Asset Management offers a trading platform known as “WebTrader.” However, this platform is described as having basic functionality with limited features and asset options. It also provides predetermined leverage settings, potentially exceeding regulatory guidelines in some regions. The review advises traders to consider platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) from licensed firms for more advanced features and security. It's essential to exercise caution when evaluating this broker's platform, given its regulatory concerns.
Customer Support
Agartha Asset Management's customer support falls notably short in terms of transparency and accessibility. The complete absence of active social media profiles, lack of presence on professional networking platforms, and the unavailability of popular communication channels like WhatsApp and WeChat, coupled with the solitary email contact option, info@agarthaassetmanagement.com, create a frustrating and inefficient support experience for clients. The company's address in Reykjavík, Iceland, lacks specific details, further contributing to doubts about its legitimacy. These limitations in customer support raise serious concerns about the broker's commitment to providing responsive and accessible assistance, an essential aspect of client trust in the financial industry.
Summary
Agartha Asset Management is an unregulated broker, flagged as potentially fraudulent by multiple financial regulators, including those in Spain, Belgium, and Slovenia. This lack of regulation poses significant risks to investors and traders, potentially exposing them to fraud and limited protection. The broker offers a range of market instruments, including forex, cryptocurrencies, stocks, and indices, but lacks commodities. It provides tiered account types with varying benefits based on deposit size, alongside high leverage options. However, clients have reported withdrawal issues, and the broker's customer support is notably lacking in accessibility and transparency. Considering these concerns, traders are strongly advised to seek regulated and reputable alternatives for their financial activities.
FAQs
Q1: Is Agartha Asset Management regulated, and is it safe to trade with them?
A1: No, Agartha Asset Management is not regulated by reputable financial authorities. Trading with an unregulated broker like Agartha Asset Management carries significant risks, including potential fraud and limited investor protection.
Q2: What are the minimum deposit requirements for Agartha Asset Management's accounts?
A2: Agartha Asset Management offers a range of account types with varying minimum deposit requirements. The Basic Account starts at a minimum deposit of $250, while the highest-tier Platinum Account requires a deposit of $150,000.
Q3: What trading instruments are available with Agartha Asset Management?
A3: Agartha Asset Management offers trading in forex (over 50 currency pairs), cryptocurrencies (more than 20 options), stocks (over 40), and indices (two). However, commodities are not available for trading.
Q4: Can I expect competitive spreads and commissions with Agartha Asset Management?
A4: Specific spread and commission details are not provided, but the broker offers tiered account types with potentially tighter spreads and lower commissions for higher-tier accounts. However, the broker's regulatory concerns should be a primary consideration.
Q5: How can I contact Agartha Asset Management's customer support?
A5: Agartha Asset Management's customer support options are limited. The broker provides an email contact, info@agarthaassetmanagement.com, as the primary means of communication. However, no active social media profiles or popular messaging platforms are available for client support inquiries.