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AG Markets Review - Is it scam or safe?

AG Markets Review - is ag-markets.com scam or good forex broker?

RATING: 1.9 / 16 REVIEWS AG Markets
AG Markets is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts

 

Account type

Minimum deposit

Minimum trade size

Maximum leverage 

Average Spreads

On-Deposit bonus

Basic

$250

0.01

1:400

2.2 pips

20%

Standard

$500

0.01

1:400

N/A

30%

Trading

$1 000

0.01

1:400

N/A

40%

AGM Pro

$5 000

0.01

1:400

N/A

50%

Premium

$25 000

0.01

1:400

1.0 pips

Personalized

 

AG Markets provides various trading accounts, depending on the initial investment. All of them offer variable spreads, commission-free trading, leverage up to 1:400 and the option to trade in micro lots on the MetaTrader 4 platform.

 

The Company. Security of Funds

 

Company

Country

Regulation

 Advanced Global Markets Ltd.

New Zealand

FMA

 

AG Markets is a Forex and CFD broker that was established in 2013 by its CEO, Carlos Ferrer. It has its headquarters in New Zealand and offices in Mexico.

 

The company behind the brand, Advanced Global Markets Ltd., is registered in the Financial Service Provider Register (FSPR) and as such is regulated and supervised by the Financial Markets Authority (FMA). 

 

Forex brokers regulated in New Zealand are required to adhere to a set of standards. Under the FMA client money rules, they must segregate all retail client funds from their operational ones. What is more, they have to follow anti-money laundering regulations.

 

Besides, FMA releases periodic updates and press releases about the state of financial markets and the warnings about potential scams, unregistered business, and deregistered brokers.

 

Trading Conditions

 

Minimum Initial Deposit

The minimum initial deposit required by AG Markets is $250. This is a reasonable amount to start trading with, however other brokers, like IG (initially a UK brokerage that also holds a license with FMA), does not require any minimum deposit.

 

Commission & Spreads

This broker offers commission-free trading and variable spreads. According to its website, the spread for the EUR/USD starts at 0.8 pips, which sounds great. However, when we tried out AG Markets’ practice account, we found out that the spreads are around 2.2 pips for the EUR/USD pair, which is above the average range of 1.0 – 1.5 pips for this pair.

 

In comparison, IG provides spreads averaged 0.8 pips on EUR/USD on its commission-free accounts. You may check out and compare real-time spreads of 15 leading brokers here.

 

Leverage

The maximum leverage level offered by AG Markets is 1:400, which is considered high, yet most brokers usually offer leverage ratios between 1:200 – 1:400. IG, for instance, provides leverage up to 1:200.

 

We advise traders to operate carefully with high leverage levels, because the higher the leverage, the greater the risk of losses, which may even exceed initial investments.

 

Trading Platform

 

As we have mentioned above, AG Markets offers the good old MetaTrader 4 (MT4), available in all forms and shapes.

 

This platform is globally popular for its innovative, on the go trading capabilities, variety of built-in indicators, advanced charting tools, automated trade options (EAs) and extensive back-testing environment. Here is a list of more forex brokers offering MT4 platform.

 

AG Markets’s MT4 web platform. Click to enlarge.

 

Promotion

AG Markets offers various bonuses:

 

- 100% trading bonus (up to a maximum of €/$5,000) to clients with deposits of at least €/$ 1,000. Trading volume requirements apply. For example, If you have deposited $1,000, you get $ 1,000, but you have to trade 200 lots for at least 3 months.

 

- Refer a friend bonus of 10% of the referral’s first deposit. Trading volume requirements apply: you and are required a minimum trade of $20,000 per each $1 bonus.

 

Methods of Payment

 

AG Markets’ clients are offered the following modes of payment: Credit/debit cards, bank wire transfer, e-wallets Skrill, Neteller, SafeCharge, AlgoCharge, MegaTranfer, RegularPay, MoneyNet International, AstroPay, Multibanco and Oxxo.

 

Conclusion

 

AG Markets is looks like a decent broker operating under the licensing and regulation requirements of New Zealand. However, we find its spreads quite high. To sum up the above:

                                                                                                                                            

Pros Cons
Regulated broker High spreads  
MT4 available No choice of trading platforms
No commission fees  
Bonuses available  

 

Latest news about AG Markets
No news about AG Markets . Check back later.
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Traders` reviews for AG Markets

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

AG Markets cuenta

Solicito retirar mi inversión hasta la fecha no he recibido ninguna respuesta

Translated by Google:

I request to withdraw my investment to date I have not received any response

Gloria Amparo Nitola Cardenas 06/20/2019

AG Markets publicidad engañosa scam

NO recomiendo para nada esta empresa es una completa ESTAFA!! retienen tu dinero no te permiten hacer retiros, inventan cualquier excusa para apropiarse del dinero por ejemplo que la cuenta esta bloqueada, que mejor esperemos que crezca más el capital ellos no están regulados por nadie perdieron la licencia asi que hacen lo que quieren a ninguno de las personas que recomendé les autorizaron retiros y al final les dejaron en saldo rojo. Se publicitan como una empresa que te da buenos resultados pero todo es mentira. Engañan a las personas haciéndoles creer que ganaran mucho si invierten con ellos y es fraude.


Translated by Google:

I DO NOT recommend this company at all, it is a complete SCAM !! they keep your money they do not allow you to make withdrawals, they invent any excuse to appropriate the money for example that the account is blocked, that we better hope that it grows more capital they are not regulated by anyone they lost the license so they do what they want to none of the people I recommended authorized withdrawals and in the end they left the balance red. They advertise themselves as a company that gives you good results but everything is a lie. They deceive people by making them believe that they will earn a lot if they invest with them and it is fraud.

Lorena 05/27/2019

AG Markets Vigaristas

Eu também fui enganada por está empresa
Fiz um investimento com bônus e me disseram que em três meses poderia sacar, mas depois de três meses pediram mais dinheiro, a conta estava andando bem...
Se passou oito meses e solicitamos o dinheiro e para nossa surpresa não liberaram o saque a conta praticamente não foi mais movimentada e está aberta só perdendo, e ninguém responde...
Onde podemos denunciar estes vigaristas pra que não enganem mais pessoas?


Translated by Google:

Crooks
I was also deceived by this company
I made an investment with bonuses and they told me that in three months I could withdraw, but after three months they asked for more money, the account was going well ...
If eight months passed and we requested the money and to our surprise they did not release the loot the account was practically not busier and is open only losing, and nobody answers ...
Where can we report these swindlers so they do not fool people?

Joci Silva 05/27/2019

Ag withdraw

In my experience I was able to withdraw, I had to wait a few weeks, that's true, but finally I was able to withdraw my earnings.

Max Shaw 11/13/2018

Scammers

I, with AG markets, also had many problems in the capital withdrawals, the truth is that they are hard to gnaw these bills.

Maximo Quintero 11/01/2018

AG Markets and iAlpha Group - Scam scam scam

Do not trust anything that AG Markets and iAlphaGroup promises. They are all scammers and they do anything to take money out of your pocket.

These scumbags are dodgy and should never be trusted! Do't play fool! DONT TRUST AG MARKETS AND IALPHA GROUP!!! They are all mafia and liars!

Look for their comments in Rankia and Warning Trading. Owner details are exposed.

All thumbs down clicks on this page are by them to make posts look like not important!

Don't stop until these cockroaches are exposed to reality

Johnathan 10/13/2018

SCAAAAMMMM!

At the advice of my lawyer, I requested the withdrawal of my account in a way that I was judicially protected. My accessor in a desperate attempt to get hold of my money sent me the following answer. "you will be fined USD 17,000 of which I will notify you that you will have to pay USD 9500 as your current account balance does not reach the same"
I tried to access them through the phones but all disconnected.
I forward the emails below and request the AG-markets to clarify this criminal act.
I would like to know what Carlos Ferrer (CEO of AG Markets) has to say about this, and what he thinks of the performance of Erilane Anastascio as a representative of his company.

My email:
Dear broker,

Due to past two weeks results on my account (2121160644) that was based in different strategy (just after my first request for withdraw of a little part of my profits), I no longer autorize you to manage my account. I´ve changed metatrader password and I´ve closed all the open positions. I´m not going to open any positions for now.

I appreciate your attention until this moment and I need to know how I must proceed so I can withdraw all the money on my account (inicial deposit of $3.000 and profits of $4.885,66) + bonus, presenting the total of $14.798,57 .

I beleive that I've accomplished all my quotes, but in case that I still have to accomplish anything else I'll do this trought a very good signal, from Metaquotes database, that I've being following.

Dispite of my request, I recognize that until this moment I don't have anything to complain against AgMarkets, IalphaGroup or my personal broker, Erilaine Anastácio. I´ve noticed that you have a nice reputation on the Forex Peace Army I and am pretty sure that I won't be the first to leave you a bad review.

If you need anything else please contact me on my email: [email protected]

Certain of your understanding

Best regards,
André Ballario

her response (translation):

Dear André Ballario

I hereby inform you that due to breach of contract and market inference, you will be fined USD 17,000 of which I will notify you that you will have to pay USD 9500 as your current account balance does not reach the same

For any doubt and clarification is just to contact!

Sincerely
Engineer Erilane Anastacio

Andre Balario 08/06/2018

Golpe

Tive experiencia com eles, no começo uma beleza gestor em contato direto trades andando, porém me disseram sobre os bonus que ganha e poderia sacar tudo a partir de 3 meses ou se dobrasse o bonus, fiz tudo isso e ate mais e pedi um saque apenas de uma parte do capital que precisava e nisso ficaram enrolando falando que minha conta skrill estava com problema, falei com a skrill e tudo ok e ficaram enrolando meses a mais ate me falarem que não tinha completado lotes do bonus no qual eu tinha feito ate mais do que necessario, então comecei fazer lotes ate dar o que falou que suportamente faltava ai poucos dias depois que fez lote a conta afundou e não conseguia sacar nada! fora que eles abriam operações em minha conta sem permissão as vezes abria aplicativo consultar o mt4 e aparecia varias operações na conta

Translated by Google:

I had experience with them, in the beginning a beauty manager in direct contact walking trades, however they told me about the bonuses they win and could get everything from 3 months or if I folded the bonus, did all this and more and asked for a withdrawal only of a part of the capital that needed and in that they got involved saying that my skrill account was in trouble, I talked to the skrill and everything ok and they kept rolling for months more until I was told that I had not completed lots of the bonus in which I had made even more than necessary, then I started to do lots until I gave what I said that I was supposed to be missing a few days after I made a lot, the account sank and I could not get anything! outside that they opened operations on my account without permission sometimes open application consult the mt4 and appeared several operations in the account

Tonino 07/11/2018

Scam

I trade with Ag-Market from 08.2014. I trade myself. without advisor . June 25, 2018, I closed all the deals and asked for withdrawal of funds. amount of 1452 USD 07/02/2018 they hacked my account and started making transactions. In two hours they killed my account. there are 13 dollars left on the account.
it's scammers. they will never give you your money.
I did not even think that this could be.

Andij 07/05/2018

Professional Scammers - AG Markets

This broker is a f*ing joke! Don't invest money with them. I got contacted by their IB: iAlpha Group (www.ialphagroup.com) and was promised quick returns and safe investment.
2 weeks later when I refused to invest more money, they destroyed my account and now I'm left with a few cents!!! Now I call them but the number doesn't work! Also on their website the contact number has been removed and you have to ask first before they give it to you!! Unbelievable!!

JaimeG 06/17/2018

Any claims?

II have read the comments that have been published about bad experiences with this broker, but it would be good to indicate if they made any claim to the entities that apparently regulate this broker, I am interested in investing with them but I would like to know more details about it.

David 04/03/2018

robbers

I am in the same case of everybody in these page, i want to know if is possible to demand these company, because we are many peopple involve in these situation.

mario rodas 12/31/2017

AG Markets: I Lost Everything in just One Day!

Hi, I started my inversion with AG Market in March 2017, during the first months things were going OK (profit around 10-15% per Month, I recommended some colleagues due to the results I had seen so far, but last Fri Aug 4th I lost everything (+20KUSD) in just one day, this is simply unacceptable!

Osmel Segovia 08/07/2017

They Loses All my money

Very bad, they make me lose 60KUSD, I contacted the manager and asked them to stop trading because the high risk, but he did obey and end losing all the money in my account with so much aggressive strategy

Quien Manejo mi cuenta fue Sebastian Roma de Barcelona

Alex Rosales 08/04/2017

Ponzi Scheme- AG Markets

Hi,

I have money with this broker 160k and after I request withdrawn some money they said that they can't a that moment and in two days burn out all my money!!!!

This is my account info in AG - Market

ID 2121152633

David Landaeta

David Landaeta 08/04/2017

Loss of investments / Pérdida de inversiones

Perdí unos $54,000 dividido en dos ocasiones. De haber invertido $16,050 ahora tengo $1.87. Son unos estafadores profesionales. Y te siguen pidiendo dinero. Los que manejaron mi cuenta son Wilson Fernández y Diego López de Nueva York.

Translated with Google:


I lost about $ 54,000 divided twice. If I invested $ 16,050 I now have $ 1.87. They are professional swindlers. And they keep asking for money. Those who handled my account are Wilson Fernandez and Diego Lopez of New York.

Francisco Manuel Dexter Bosch 06/17/2017
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