AGEA

Editor's Score
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
$1
Max Leverage
1:500
Mini Account
Bonus
$5
Platforms
  • 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

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