AGEA is an online broker offering services in trading a variety of assets. It incorporates both the MetaTrader4 and Streamster, its proprietary platform, in its list of services. This review will cover AGEA’s most important and unique features, as well as its reputation as a broker.
AGEA Regulation and Security
AGEA was founded in 2005 with headquarters in Montenegro. AGEA or AGEA International AD is listed as an investment company providing financial and brokerage services to an international audience. This broker is registered and operates under the regulation of the Commission for Capital Markets, formerly known as the Securities and EXchange Commission in Montenegro.
AGEA is a publicly traded company and can be found on the Montenegro Stock Exchange. It follows the rules and regulations set for European brokers and is compliant with the Markets in Financial Instruments Derivatives, an EU law that regulates companies involved in offering brokerage services to clients trading the financial markets.
Despite not being widely known by most traders, AGEa has cultivated a trustworthy relationship with its clients. It may not have a big client base, but it has a loyal following of traders and investors of all levels. This broker is in the process of improving its services and its approach to reach an even bigger audience.
AGEA Platform Services
AGEA offers up to three trading platforms, including the popular MT4, the Streamster, and its own platform, AGEA.Trade. Below are their specifications.
MetaTrader4
MT4 is a classic in foreign exchange markets and has long been the choice of both beginners and professional traders. This platform has an intuitive interface that makes it easy to maneuver, and a wide range of tools and indicators fit for everyday trading. You can spot market opportunities, assess your risk/profit ratio, and execute orders at top speed. MT4 uses the MQL4, its own programming language, in making all of these possible. Some of the benefits of using the MT4 are: automated trading through Expert Advisors, advanced charting tools, built-in technical indicators, up to 200 open positions, a customization feature, and the opportunity to perform strategies of any complexity.
Streamster
AGEA’s proprietary platform offers a convenient way around trading the financial markets. It is rich with many features, tools, and indicators that are very attractive to professional traders. The platform offers its own API algorithmic trading and is available in seven currencies. It is equipped with advanced features that are uniquely developed by AGEA. Some of the features included in Streamster are: customizable charting tools, advanced technical indicators, international chat channel, no commissions and margin interest, an integrated account center, a built-in trading support, and up to 100 open positions.
AGEA Trading Conditions
AGEA’s trading conditions are both client-sensitive and competitive to what its peers have to offer. This part of the review will delve into AGEA’s offered instruments, spreads, leverage, fees, and payment methods.
Trading Instruments
AGEA offers trading services in up to four financial markets: currencies or forex, index CFDs, cryptocurrencies, and commodities. This broker offers up to 20 currency pairs, including majors, minors, and exotic pairs. The world’s biggest index CFDs, such as the FTSE 100, S&P 500, NASDAQ 100, CAC 40, and Dow Jones are available. Traders also have the opportunity to trade commodities like gold, silver, crude oil, and cryptocurrencies like Bitcoin, Ripple, and Ethereum.
Spreads and Leverage
The offered tight spreads at AGEA could go as low as 0.6 pips on major currency pairs like the EUR/USD and USD/GBP. CFD indices like the FTSE 100 offer spreads that begin at 0.7 pips, while commodities like gold and silver offer spreads that begin at 0.3 pips. No commissions are also factored in all trades.
On the other hand, the leverage provided by this broker depends on the platform used by the trader. AGEA’s proprietary platform, Streamster offers a leverage of 1:10 to 1:100. MetaTrader4 usually offers a leverage that ranges from 1:1 to 1:100. These leverages may not be preferred by other traders, but they are usually cut down to avoid too much market risks. AGEA still ensures that the offered leverage is enough to capitalize on market opportunities.
Payment Methods
For deposits, AGEA offers a variety of options within the Account Center. Clients can opt wire transfers, local bank transfers, debit and credit cards, and electronic wallets like Union Pay and FasaPay. For all methods, the minimum deposit amount is $1.
For withdrawals, AGEA encourages clients to use a similar payment method as the one used in depositing. However, this broker charges a $7 fee for the first withdrawal process through non-wire methods. A $10 fee is charged for withdrawals through wire transfer that is processed within 2-7 business days.
AGEA Conclusion
AGEA is a growing brokerage firm that offers competitive features and services unique to most of its peers. Despite not having a widely-known presence, it has a clean reputation. It has also earned the praise and recognition of its clients in its years of service. This broker is expected to grow even bigger in the coming years.
