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AGEA AGEA Review

AGEA  Review & Rating | AGEA Forex Broker News and Promotions

RATING: 2.4 / 5 REVIEWS ForexBrokerz AGEA
AGEA is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Min. deposit  Max. leverage Spread
MT4 Cent  $6  1:500 N/A
MT4 Standard  $100 1:200 N/A
ECN   N/A N/A N/A
VIP  N/A N/A N/A

 

AGEA is a forex and CFD broker operating out of Montenegro, which offers its clients a choice of several account types and trading platforms. Overall, the broker’s services are designed with the newbies in mind. 

 

Read the full review to see both the strong and weak sides of AGEA and decide whether it is worth your investment.

 

 

AGEA Advantages

 

Publicly listed company, licensed in Montenegro

AGEA (formerly Marketiva) was established back in 2005 in Montenegro, a small country in South-Eastern Europe that is in the process of EU accession. The company operating the brokerage brand, AGEA International AD is regulated by the Commission for Capital Markets (formerly the Securities and Exchange Commission of Montenegro), and is listed as a public company on Montenegro Stock Exchange.

 

So, we are dealing with a licensed, publicly listed company, that has been operating on the financial markets for almost 15 years.

 

Several platforms offered, including the MT4

AGEA allows you to access the global financial markets via the industry leading MetaTarder4 (MT4), as well as two proprietary platforms - AGEA.Trade and Streamster.

 

Streamster is advertised as a platform most suitable for beginners – it is supposed to be really easy to navigate, and to be good for learning forex. The platform comes with integrated news feed, alerts, technical analysis tools and trading-from-charts capabilities. A feature that we find peculiar is the built-in multilingual chat where you can talk to other traders and the broker's customer support. Frankly, we find this chat to be nothing but one big mess, with messages coming in in a bunch of different languages and different conversations going on simultaneously in the same window but that's just our opinion. 

 

 

Click on the image to view larger.

 

The MT4 hardly needs an introduction. This platform = is highly valued for its great charting and analytical tools, support for automated trading via EAs, customization options, as well as for the opportunity it offers for trading in derivatives and exchange-traded stocks from the same account.

 

 

>> Check out the best MT4 brokers <<

 

 

Low initial deposit, generous leverage

Clients of AGEA can deposit any amount of money to start trading on the broker’s proprietary platforms, and as little as $6 for the MT4. So, basically, anyone can afford to open an account the broker without putting much a stake.

 

Furthermore, clients of AGEA are offered leverage ratios up to 1:500, which is another advantage. Leverage levels that high will suit the needs of all traders.

 

 

AGEA Disadvantages

 

Looser regulation

Although the legal framework that regulates investment companies in the Republic of Montenegro is based on the EU Markets in Financial Instruments Directive (MiFID), the forex market there is still in its infancy. Forex brokers were formally regulated in 2018, and there are still no particular requirements set to financial services providers, nor any particularly strict oversight.

 

Spreads not disclosed, no demo accounts

We always view the lack of essential trading information as huge negative. The costs of trading with AGEA are not mentioned on the broker’s website. In the current day and age, where everybody is skimming through websites as fast as possible, this isn’t acceptable. Furthermore, we couldn’t open a demo account with AGEA either. 

 

To compare the spreads provided by some of the most renowned brokers in the industry, check out our dedicated page.

 


>> Compare the spreads of top brokers in real time <<

 

 

No stock and cryptocurrency CFDs

The CFD offering of AGEA is not that impressive, as it does not include some very popular instruments – CFDs on stocks and on cryptocurrencies. If you are one of the many cryptocurrency enthusiasts, here is a list of recommended brokers that offer Bitcoin CFDs.

 

 

Conclusion

 

Overall, AGEA is a forex provider we can recommend – it has many years of experience and is licensed in Montenegro. Besides, the broker’s trading conditions appear attractive, although it could have been more transparent about the spreads.

 

Yet, we suppose that the more advanced traders among you will prefer doing business with brokers licensed by well-established and reliable governmental agencies like the FCA in the UK or CySEC in Cyprus.

 

 

>> Find the best brokers regulated by CySEC <<

 

 

Here are the key points of our detailed review on forex brokerage AGEA:

 

Pros Cons
Publicly listed company, licensed in Montenegro Looser regulation
Several platforms offered, including the MT4 Spreads not disclosed
Low initial deposit No demo accounts
Generous leverage No stock and cryptocurrency CFDs

 

Latest news about AGEA
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Traders` reviews for AGEA

Spread

Variable spreads;
Typical spreads: EUR/USD -2 | GBP/USD -4 | USD/CHF - 4 | USD/JPY -3

 

 

Pros

Cons

No commissions

 

Spreads widen up to 20 pips durin news releases

 

 

Slippage

 

Pros

Cons

No

 

Slippage during news releases

1-2 pips slippage during normal market conditions 

 

Requotes

 

Pros

Cons

No requotes

 

Market order slippage

Slow execution during news releases 

 

Price feed

 

Pros

Cons

No stop hunting

No spikes 

Lagging quotes

 

 

Platform

 

Pros

Cons

Original Desing

User friendly

Integrated Chat

Pronounce Major News

 

No full screen charts

No 1m chart

No hedging

No trailing stop

No Autotrading 

 

Deposit/Withdraw

 

Deposit

Withdraw

Wire Transfer
WebMoney
Liberty Reserve
E-dinar 

Wire Transfer
WebMoney
Liberty Reserve
E-dinar 

 

Customer service

 

Pros

Cons

Friendly Customer service reps

Live Chat

E-mail

 

 

No phones

Some ridiculo restrictions:

- can not place orders more than 10 trades in a 4 hours period

- can not place orders more than 200 trades in a week period 

 

Summary

 

Pros

Cons

$1 minimum deposit

$1 minimum lot size
User friendly platform

Beginners Friendly

 

Slippage during normal market conditions

Market order slippage

No regulation

200 orders/week limit

Lagging quotes 

 


Marketiva is a good, easy to use forex trading platform for smaller account holders. Its main focus is on newer traders, who have somewhat different needs from experienced traders. It is also an excellent choice for Islamic traders because Marketiva is a "swap-free" forex broker, meaning that rollover, or swap interest is not applied to any positions held overnight, in line with Sharia Law. Within the trading platform is a chat program where traders can interact and exchange ideas about trading, and can also interact with support staff in several different languages. Higher end functionality is not available and liquidity can be a problem for larger orders, but a small retail trader is not likely to run into any problems. All new accounts receive $2.50 in their real money account just for registering.

forextradingzone.com 10/29/2009

Pros: No minimum deposits required, robust and flexible software, rewards upon opening an account, quality customer support

Cons: Limited currency pairs available, no Mac support

Review Summary : Marketiva is quite an attractive Forex broker particularly because the site does not require much to begin trading. Additionally, Marketiva’s rewards system, comprehensive software, and excellent customer support are additional features that members can take advantage of.

forextradingplatformreviews.com 10/29/2009

The maximum number of short-term positions (shorter than 5 minutes) a
trader can have in a 4-hour period is 10. If a trader closes more than 50
(you are at 53) short-term positions or more than 200 total positions in 7
consecutive days, such trader's account will be temporarily prevented from
sending new orders into the market.
Stupid policy!!!!!!!

fxcuking, earnforex.com 10/29/2009

Advantages:

Client program with a user-friendly interface
Great support chat
Fast order execution
No limit on trade size
No overnight interest
Liberty Reserve, E-bullion, E-Dinar and WebMoney billing options
Investment funds shares available
World indexes and precious metals trading


Disadvantages:

No MetaTrader 4 software support
U.S. citizens can't open accounts
$7 withdrawal fee (only first withdrawal)
Muslim Forex broker - no overnight interest
No contact phone/fax numbers

earnforex.com 10/29/2009
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