Risk Management Index
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Straight Through Processing(STP)
Regulated in Country/AreaCyprus
Regulatory License No.：334/17
Email Address of Licensed Institution :--
License Type:Sharing Finame
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Strovolou 148, 1st Floor, 2048 Nicosia, Cyprus
Phone Number of Licensed Institution :+357 22 059 059
Most visited countries/areas
The data are from WIKI Research 2021.09.26 updated
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General Information & Regulation
Acier FX Ltd previously ArgusFX Ltd which operates under the domain «Argusfx.com» is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF License Number 334/17. Established in 2000, ArgusFX is a STP broker, offering forex, commodities & indices CFDs, as well as precious metals on the popular MetaTrader 4 platform.
Tradable financial instruments offered by ArgusFX include Indices CFDs, Spot Metals, Forex, Futures, and Stocks.
Two different types of trading accounts are offered on the ArgusFX platform, the Standard STP account, and the Pro STP account. The Standard account requires no minimum initial deposit, while the Pro account has a minimum initial deposit of $200.
ArgusFX offers a default leverage limit of 1:30 for major currency pairs and less for other assets. Clients can apply for higher leverage if they meet certain criteria.
Spreads & Commissions
The average spread offered by ArgusFX is 1.9 pips for EURUSD, 2.1 pips for EURGBP, 0.6 pips for EURJPY, 4 pips for XAUUSD, and 2.2 pips for XAGUSD. Objectively speaking, the spreads offered by ArgusFX are relatively high, and high spreads mean high transaction costs.
ArgusFX offers traders the market-leading and highly acclaimed MT4 trading platform, as well as MT4 Desktop, MT4 Mobile, and MT4 Mobile App. The MT4 trading platform allows traders to access various currency pairs, analyze financial markets, and perform advanced trading operations, including the ECN/STP environment, EA (Expert Advisor) functionality, technical analysis with charts and indicators, allowing hedging and scalping.
Deposit & withdrawal
ArgusFX supports traders to deposit funds via VISA/MasterCard credit card (deposit fee: 1.35 EUR/USD or 5.6 PLN, withdrawal fee: 1.8% of the amount withdrawn), wire transfer (no fees for deposits, withdrawal fees from 5 EUR to 15.5 EUR), Skrill (no deposits fees, withdrawals: 1.8% of the amount withdrawn), Neteller (no deposits fees, withdrawals: 1.8% of the amount withdrawn), Yandex Money (2% fee for deposits, withdrawals: €0.30 or currency equivalent).
Trading hours for stocks are 16:30 – 23:00 (GMT+2), Monday to Friday and for commodities, trading takes place between 01:05 and 23:55 GMT+2, Monday to Friday. For currencies, hours are from 00:00 Monday until 23:00 Friday (GMT+2). Specific times for all other assets are listed in the contract specifications.
Traders can get in touch with ArgusFX via live chat, telephone, or email. Unfortunately, on testing the live chat service within working hours, we did not receive a response.
ArgusFX Ltd does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria, North Korea, Belgium, Canada and Japan.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.