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Based in Podgorica (Montenegro), AGEA was established in 2005. It is an online forex trading platform formerly known as Marketiva. AGEA is not regulated by any internationally recognized financial regulatory agency because of the position of its physical headquarter
Due to this factor, many new traders are indecisive over dealing with this broker. This article was written in order to make some things clearer about AGEA, especially for new traders, and to help the readers evaluate this broker.
First things first, we already know that AGEA was established in 2005 and by that we know that it exists and runs business for over a decade. During those years, the company has changed its name, but still wants to make sure that traders recognize its quality and integrity.
This broker has already earned a reputation as a professional broker. Most people than were behind the company called Marketiva are the same people who run AGEA. They still provide good great service (and even better than before) as they did when the company was called Marketiva. Overall, traders can expect the same quality.
As we said, AGEA is not regulated by any internationally recognized financial regulatory agency, but many experienced traders do not see this as a problem. Why is that so? It is because the Republic of Montenegro is preparing to access to the European Union (EU). The Securities Commission of the Republic of Montenegro (SCMN) needs to fulfill all the directives of the EU’s Markets in Financial Instruments (MiFID).
Presently, AGEA is not legally obligated to fulfill all the requirements of the MiFID but it is currently dealing closely with the EU to ensure that all their services are in full compliance by the time Montenegro finally formally accepts the MiFID.
All this preparation is done to make the transition process smooth and without any complications for loyal existing customers. It only shows us more about how professional and responsible this broker company is.
You can access trading services at AGEA through a variety of different platforms. However, there are two main types of platforms and several other variations of these two that you can use to fulfill your trading needs.
The main two platforms are called the Streamster and MetaTrader (MT) platforms. You can choose whatever suits you the best. It is all up to you to decide which one you like for yourself.
The Streamster platform is one of the two main platforms that you can use. It is available as a standard version and you can also find more advanced version. The more advanced version is called Streamster API for those who are more technically involved.
The standard Streamer platform is user friendly and it is ideal for new traders and beginners. It is very easy to operate and you do not have to worry that you will not understand something. Although it is easy to run, it comes with a variety of powerful features that you can use.
That makes it suitable for more experienced traders that are also prone to standard platforms. Just pick the features you like! Multi-channel chat tool is one of its most unique features. This tool allows traders to converse freely with other peer traders and also allow them to seek for customer support.
MetaTrader (MT) Platforms
The MT 4 platform is ideal for traders who are looking to trade with a familiar platform. It is very sophisticated (and also programmable). We have to say that it is more comfortable for advanced traders who are looking for a platform that they can customize and which is Expert Advisors (EAs) compatible.
MT5 platform also introduces to traders many new features which are not found before on the MT4 platform. The MT5 platform is actually an ‘offshoot’ of the MT4 platform. What makes the difference? It is designed for trading equities and derivatives with one single trading account.
If you use your mobile phone more than your computer, here is some good news for you. These platforms mentioned above are mobile friendly. Now, wherever you are, you can use them.
If you wish to trade the markets via your smart phone, you can do so. It is very practical and you can run business anywhere. You do not have to carry your laptop around. You are only a few clicks away from trading. Take you mobile phone and you are ready to start.
At AGEA, the types of trading accounts are categorized according to the type of trading platform that you choose to use.
If you decide to go with the Streamster platform, the only thing you need is a token deposit of $1/- to open a live trading account. However, if you decide to go with the MT based platforms, you have to choose from the following accounts:
- Standard (Minimum deposit of $100/-)
- Cent (Minimum deposit of $6/-)
- STP (Minimum deposit of $1000/-)
- Fixed Spread (Minimum deposit of $5/$100/-)
You only need about 5 minutes to open a trading account at AGEA. It is a very simple process and all the forms for submission can be completed in no time.
There is something great about AGEA that makes it unique among brokers: AGEA does not require a minimum deposit and instead gives them a $5/- free money reward! It is definitely a good way to start your trading career.
Through the web “Account Center”, deposit and withdrawal processes are being executed. It is user-friendly and the instructions are clear to follow.
In order to make a deposit, the following payment methods are available on AGEA:
- RBK Money
Zero fees are charged for deposits. However, you have to know that these payment methods do accrue charges for withdrawals. Withdrawing by wire transfer is $14.0 and for the rest fee it is $7.00 (and only for the first withdrawal).
If you have any questions, both technical and trade related, you can always get a professional help if you need to. Although customer support is mainly provided via e-mail, AGEA’s support standard is regarded by its clients as one of the highest in this field. Note that public chat-room is opened to registered clients only.
The trader offers a multitude of additional services and resources. There is also FAQ section which deals with general issues of trading in the forex market together with technical questions and many other questions that clients frequently ask.
Instrument Profiles which include detailed information (categorized in several sections) in order to provide necessary data to assist the trader is also available. With these profiles, you can make the best decision as to which instrument to trade. This company wants to ensure that you get the best service available.
Did you know that AGEA runs AGEA Masters Tournaments? This means that AGEA posts a list of traders who had the most profits during the past month and during the past year. The #1 trader is named AGEA Master of the month or year! How great is that?
AGEA offers user-friendly software, high quality customer support, advanced community tools and low risk requirements. All of these features make AGEA a very desirable broker choice for a new trader to join the FOREX market.
Commission & Spreads
Spreads are very reasonable and start from as low as 0.9 pips for major pairs like USD/JPY. Traders can expect to pay a minimum of 1 pip for the EUR/USD pair.
Customer support service is available 24 hours a day during the working week and what is even better – it is multilingual. That makes everything much easier for traders all over the world.
There are many languages available such as Chinese, Malay, Russian, Indonesian, etc. The service tries to provide easy access to as many customers as it can. You can reach the support team through live chat, email, telephone or the support channels on that you can find on the trading platform.
It is always nice to ask friends for help and you can actually do that through a forum provided by AGEA. There you can find trading ‘peers’ that will surely make you understand things that you want to know about better. You can find this forum at forum.agea.com.
You already know that AGEA is not regulated by any international centralized financial regulatory agency, but they do adhere to the best international practices when it comes to dealing with their customers’ money!
This is also a preparation for the day when Montenegro will finally become a part of the European Union (EU). It will also be required to fulfill the directions of the Markets in Financial Instruments Directive (MiFID).
We can say that AGEA surely does care about its customer’s needs and justify the quality of its offer. Do you know what puts AGEA in front of other companies? It is very impressive that this broker offers no obligation $5 free money to new accounts?
It is a great way for new traders to start their trading activities without anything to lose! No company has offered this so far. If you are a new trader, this is certainly a great offer for you. You are able to start trading with so many opportunities that AGEA offers and there are so many features that you can use.
We hope that this article has helped you to get a better picture of AGEA and trading in general. Now you know that there is a great customer support and that you can ask anything you want to know about trading. Good luck!
Is this your final decision?
We suggest you visit one of the popular Forex Brokers instead!
- Very credible, trustworthy and professional
- Fast and efficient platforms which are easy to use.
- Free $5 Deposit Reward
- Low deposit requirement for you to pay.
- Reliable and dedicated customer support
- Ultra tight spreads.
- No scalping
- Not regulated
7 Binary Options review: AGEA: 4 stars