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 Important Information About AGEA Forex Broker

agea reviewLocated in Montegegro, AGEA, formerly known as Marketiva, operates on global markets and offers online trading services on Forex, Indices, Commodities, CFDs. Established in 2005, the broker is not regulated by any recognized authorities but claims to comply with the requirements of Markets in Financial Instruments directive (MiFID).

Trading Features

AGEA broker offers forex (foreign exchange), index and commodity contracts, and financial instruments of other asset classes through several trading platforms

Registration and Account Types

New account with AGEA can be opened by filling out the registration form. Once approved, you can log into your Account via the broker’s website. You are not permitted to open multiple accounts, however your master account can contain several subsidiary accounts with different platforms available.

Islamic accounts (interest free or swap free accounts) are available for traders of Islamic religion to trade without extra charge in compliance with Islamic religious believes.

The account transaction history can be viewed in Account Center under Billing Options. Once you make the first deposit, all the transactions will be recorded in the billing table for your future reference.

Upon the registration, you select a user template, which offers a certain subscription package. The package you select is copied to your account with the applicable charges involved. You can change/edit and cancel your subscriptions at the Account Center section. The payment for the subscription services are non-refundable and are renewed automatically unless you manually cancel it or there are no available funds in your account.

Demo Account

Newbies are welcome to practice with demo account wired with $10,000 virtual cash. All the features of Standard Account are presented by default. Demo account is available only for 30 days.

We strongly suggest all traders to start with practice account and use virtual money for several weeks before trading live. There is no limitation on how long a user can trade virtual money only.

Standard Account

Standard account has a minimum of $100 balance limit and the trade size ranges from 1,000 to 2,000,000.

Cent Account

Account is suitable for small amount trading in cents with USD 10 - 5,000 balance limit. Leverage is up to 1:500 with trading size ranging 1,000 - 500,000.

STP

Commissions of 2 USD are charged for Forex and $10 for Commodity for 100,000 notional value. All orders are directly routed to our liquidity providers (Straight-Through-Processing). The leverage is up to 100:1.

Payment Methods

There are no restrictions and requirements on deposits and AGEA allows new traders to begin trading with as little as $5, without any complicated registration procedures.

During the account opening process AGEA asks you to select a user template. Each template listed contains certain subscription package in itself. When you select a template and create your new account the subscriptions contained in the template will be copied to your new account.

The broker has very high withdrawal fees, which is quite unusual compared to other forex brokers today:

Wire transfer has ridiculous $14 charge fee for every transaction.

Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money withdrawals have one-time fee of $7.

With AGEA you can deposit or withdraw funds via Local Banks in Malaysia, Indonesia, Thailand and Vietnam. You can also use Wire Transfer services or credit cards. Alternative methods include FasaPay, Skrill, Neteller, Webmoney, PerfectMoney, QIWI Wallet, RBK MOney, DIXIPAY, 

The broker should consider updating their payment method list and especially removing Liberty Reserve from the available payment methods, since Liberty Reserve has long been shut down due to fraud and arrest of its founder (Mr. Budovsky). It is alarming that while broker claims to provide “outstanding and save trading services”, it doesn’t remove the payment method, which has been proclaimed to be among cybercriminals.Trading Platforms

AGEA reviews several of its trading platforms with its services, features and limitations.

 

Platform Services

AGEA provides its services through several trading platforms. Please find detailed information on services, features and limitations for each trading platform listed below. You can also find lists of available instruments and other platform-specific information by visiting platform links listed on this page.

Streamster Platform Review

Streamster is a compact and easy to use trading platform, and it is a recommended choice for all new traders. Apart from its ease of use, Streamster is also a powerful platform that hides a lot under its simplistic design. Its unique features include international multi-channel chat where traders can freely talk about market or any other topic and where customer support is provided to our clients in real-time. Streamster is also unique by having both live and virtual trading desks exist within one trading account making it a very convenient platform for educational purposes. In addition, there is an integrated Account Center that allows traders to perform most of their account administrative tasks, like funds transfer, deposit and withdrawal, which makes Streamster the default trading platform at our company.

  • Current Status: OK
  • Services Provided: Forex, Index and Commodity CFDs
  • Trading Hours: Sunday 22:15 - Friday 21:00 GMT
  • Balance Limits: None
  • Leverage: 1:100
  • Commissions: None
  • Margin Interest: None
  • Execution Types: Automatic (1 second delay)
  • Trade Sizes: 1 - 300,000 (initially 100,000)
  • Position Limits: Maximum 50 open positions per desk type (200 in total)
  • Volume Limits: Maximum USD 300,000 or equivalent (cumulative) in open positions
  • Trading Limits: Minimum 3 pips for target levels
  • Account Currencies: USD, EUR, JPY, GBP, CHF, CAD, AUD

MetaTrader 4 Platform Review

MetaTrader 4 is a more advanced, programmable trading platform intended for use by professional traders. It provides the necessary tools and resources to analyze price dynamics of financial instruments, perform trade transactions and create and use automated trading programs (Expert Advisors). It is an all-in-one concept and is one of the most popular trading platforms in the world. There are several chart time-frames and numerous built-in indicators that help simplify analysis, determine trends, define various shapes and identify entry and exit points. It is a platform with its own programming language MQL4, specifically designed for trading, built-in editor and compiler with access to a user contributed free library of Expert Advisors, custom indicators and scripts, making it an ideal choice for algorithmic trading.

  • Current Status: OK
  • Services Provided: Forex, Index and Commodity CFDs
  • Trading Hours: Sunday 22:15 - Friday 21:00 GMT
  • Margin Interest: Currency swap rates (Forex), primary bank rates (CFDs)
  • Execution Types: Automatic (instant)
  • Position Limits: Maximum 200 open positions
  • Volume Limits: None
  • Trading Limits: Minimum 3 pips for target levels
  • Account Currencies: USD, EUR, GBP,CHF
STANDARD
Account Type: Standard
Balance Limits: Minimum USD 100
Leverage: 1:1 - 1:200 (initially 1:100)
Commissions: None
Trade Sizes: 1,000 - 1,000,000
CENT
Account Type: Cent
  Balances and transactions are denominated in cents for trading with smaller amounts.
Balance Limits: USD 6 - 5,000
Leverage: 1:1 - 1:500 (initially 1:100)
Commissions: None
Trade Sizes: 1,000 - 1,000,000

MetaTrader 5 Planned Platform

MetaTrader 5 is a platform designed for trading both derivatives and equities through a single trading account. Although a continuation of MetaTrader 4 philosophy this platform introduces new features like modified order queuing and different position handling. It is a high performance trading platform with outstanding execution speed, increased number of chart types and time-frames, new order types and execution modes, and a large number of analytical tools. Although the new programming language MQL5 does not provide backward compatibility with the previous MQL4 language, it introduces a number of new and improved features. Individual calculation frameworks (agents) are introduced to distribute Expert Advisor testing load and to keep well-known emphasis of the platform on the algorithmic trading.

  • Current Status: Planned
  • Services Provided: ECN, CFDs

WebTrader Platform of the Broker Review

AGEA Jinrong WebTrader is optimized for all browsers, all OS's and all devices. If you access WebTrader via mobile device, you will be presented with simplified version with all options as on desktop version. There is no need for any kind of install. Every update of WebTrader is automatically loaded without need for any manual work.

  • Current Status: OK
  • Services Provided: Forex, Index and Commodity CFDs
  • Trading Hours: Sunday 22:15 - Friday 21:00 GMT
  • Balance Limits: None
  • Leverage: 1:100
  • Commissions: None
  • Margin Interest: None
  • Execution Types: Automatic (1 second delay)
  • Trade Sizes: 1 - 300,000 (initially 100,000)
  • Position Limits: Maximum 50 open positions per desk type (200 in total)
  • Volume Limits: Maximum USD 300,000 or equivalent (cumulative) in open positions
  • Trading Limits: Minimum 3 pips for target levels
  • Account Currencies: USD, EUR, JPY, GBP, CHF, CAD, AUD

Trading Conditions

Minimum deposit requirement is just $1. The account currencies include: USD, EUR, JPY, GBP, CHF, CAD, AUD. Minimum trade size is 0.01 lot. Spreads start as low as 2 pips on major currency pairs. Leverage ranges from 1:100 to 1:500 depending on the account type.

There are 17 currency pairs to choose from with 5% margin requirement.

The Broker Website is available in 7 languages including English, Indonesian, Malay, Spanish, Portuguese, Russian and Chinese.

AGEA broker doesn’t not accent US traders.

Promotions and Bonuses

Right now all the new accounts receive non-deposit bonus of $5. This is unique offer on the market, since none of the brokers today offer a free treat.

Customer Support

During AGEA review, we managed to find the contact number of the broker, but didn’t have a chance to test the quality of the broker’s representatives. There is no email address for some reason, and you can only get in touch with the broker via online chat or online fill-in form.