AGEA
Pros
- Reliable and sophisticated trading platform
- High-quality customer support
- Competitive fees and a wide range of assets
Cons
- Not regulated by any reputable governing body
- Only one type of bonuses offered
Min Deposit
$1Max Leverage
1:500Mini Account
Bonus
$5Platforms
- Streamster
- MT4
Withdrawal Options
- Skrill
- QIWI
- Neteller
- WebMoney
- credit cards
Review
Introduction
Agea brokerage is a financial enterprise
that provides a range of services and products, and this company has a
relatively long-lasting tradition since its roots go all the way back to 2005.
In other words, Agea Jinrong DOO is a new name for an “old” company, and the new
name was first used in 2012 after the rebranding process of Marketvita was officially completed. The
rebranding process did not affect the company’s headquarters,
which remained in the same place, i.e. in
Bulevar Ivana Crnojevića 107, Podgorica
81000, Montenegro. Our comprehensive
Agea review will provide you with everything else you would like to know about
this global enterprise.
Trading Conditions
As
we all know, trading conditions are a highly important element, and online
brokerage companies are locked in a highly competitive race to provide their
clients with the most favorable conditions. When
it comes to Agea in particular, this broker house offers reasonable and
relatively average spreads and leverages. Clients can choose from four types of
accounts, and all of these accounts will give you different possibilities and
trading aspects. For instance, Agea will offer a minimum of 1 pip for USD/EUR,
and the average leverage of 1:100 is within the industry standards. All in all,
low-risk requirements and relatively low spreads make Agea a notable candidate
for your future investments in the online trading world. Choosing one of the
following accounts – Standard, Cent, STP (StraightThrough Processing),
or Fixed Spreads will open a world of possibilities for potential earnings and
profits.
Products
During our inspection of their site, we haven’t been able to precisely determine
how Agea charges their commissions and spreads. However, our further research
has provided us with a certain amount of
reliable information about Agea broker’s practices when it comes to pricing.
Long story short, Agea tries to stay in the middle when it comes to current
prices in the global financial market. As we already mentioned at the beginning
of our in-depth Agea review, this brokerage is staying close to their competition regarding the average spread and
commission for currency pairs.
Regulation
One of the major downsides of being located
in a picturesque country such as Montenegro is the lack of regulations and
legal framework. Even though AgeaJanrong DOO is a limited liability company registered in Montenegro under the number
5-0557722, there still lingers the fact that no reputable licensing body put
their seal of approval on the dealings of this particular brokerage. However,
future expansion and enlargement of the
EU will take down the barriers for Agea
since Montenegro is patiently waiting in
line for the up-coming accession. Once this step is completed, Agea will be
able to officially confirm their compliance with MiFID (Markets in Financial
Instruments Directive), which they claim to follow in their day-to-day
practices and operations.
Platforms
Ease of use and reliable performances of
software platforms are also of the highest importance in the modern trading
world, and that may be the reason why Agea brokerage still uses two different
types of platforms. In other words, traders can choose between the well-known
MetaTrader4 and a proprietary
software of Agea which is nicknamed the Streamster. MetaTrader4 was introduced
on April 30, 2012, and this state-of-the-art software package is packed with
features and interesting tools which can help you with everyday trading activities. On the other hand, Streamster seems
to be more suitable for slightly less experienced traders, and the intuitive
nature of this software solution will make the plunge into the online trading
waters less stressful. Both of these platforms can be used on any OS, and it
appears that the Agea broker company puts a lot of emphasis on the quality of
their platform.
Mobile Trading
Even though Ageaboasts on their website that their personnel
is full of computer experts and IT wizards, they still did not create their proprietary mobile trading app. However,
MetaTrader4 can be downloaded in app stores, and this can facilitate the
trading process. All other users can access their Agea trading accounts via a simplified mobile version of the website, and
this will enable them to analyze charts
and trading indicators, keep an eye on all relevant
market news, place trades, and so on.
Pricing
During our inspection of their site, we haven’t been able to precisely determine
how Agea charges their commissions and spreads. However, our further research
has provided us with a certain amount of
reliable information about Agea broker’s practices when it comes to pricing.
Long story short, Agea tries to stay in the middle when it comes to current
prices in the global financial market. As we already mentioned at the beginning
of our in-depth Agea review, this brokerage is staying close to their competition regarding the average spread and
commission for currency pairs.
Deposits & Withdrawals
Effective and fast-paced deposits and
withdrawals are also among the elements
that all traders want to see when they open an account with an online trading
company. Agea does not charge fees on deposits, and they even offer a nice
little present for newcomers - a Welcome bonus of $5 which can help
kickstart your trading adventure. Withdrawals, on the other hand, are not free
of charge, and the fee for wire transfer withdrawals is $7. Agea offers a lot
of options when it comes to deposits and withdrawals, and the most notable of
those options are credit cards,Skrill,
QIWI, UnionPay, PerfectMoney, WebMoney, Neteller, Payza, etc.
Customer Support
One of the
main strengths of Agea broker house is their “exemplary” customer support
service, as they refer to it on their website. It could be argued that such a
characterization is an obvious exaggeration, but one should first consider all
elements of Agea brokerage and then make the call. For example, their support
service is available 24 hours a day, five days a week. Also, their site can be
accessed in six languages, and you can contact Agea via email, live chat or
telephone. In addition to all this, Agea offers a forum where members can
exchange their opinions and experiences.
Research & Education
Being forward-looking and progressive is a
characteristic which can only reap positive rewards, and it is evident Agea
strives for constant innovation and advancement.
Their forum is a perfect example of their efforts to educate beginners and
those traders who are at the very start of their trading careers. Also,a live support feature and a comprehensive FAQ
section can be of importance to novice investors and beginners. Agea offers a lot of educational material, and traders should exploit this opportunity
to the fullest extent.
Noteworthy Points
Agea is an online trading broker which does
not promise unrealistic profits nor do they claim to be a magical place where
you will become a billionaire overnight.
However, this brokerage can help you learn the ropes of the online financial
arena, and that is why Agea can be a good option for less experienced
investors. The abundance of educational material
is certainly a noteworthy point, and it
goes without saying that traders should take their time and go through these
sections before depositing their hard-earned funds.
Conclusion
As you could clearly see from our Agea
review, this company can provide you with a functional and intuitive trading environment, a wide range of trading assets,
and a nice selection of account types. However, the fact that Agea is still
lacking an official license from a reputable
governing body should serve as a warning flag for potential traders. In other
words, approach with caution and once you are confident that Agea is indeed a professional and reliable
organization – enjoy your online trading sessions.
Comparison
Broker Comparison Maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.