AGEA Broker Review: Real Client Testimonials
About AGEA Company
Starting its operations in 2005, AGEA received its current name seven years after its establishment. It positions itself as a reliable and convenient broker for trading fiat currencies, commodities, and indices. The website agea.com has more than 800,000 registered users. The company is considered one of the largest in the financial market.
Regulation of Activities
The activities of the broker AGEA are regulated by Montenegrin legislation through the Stock Exchange and Securities Commission (SCMN). Additionally, the company provides services in accordance with the European Market in Financial Instruments Directive (MiFID).
The website agea.com shows the registration code ISIN MEAGEARA1PG8. However, there are no documents confirming regulatory control of the company’s activities.
Trading Functionality Overview
Trading Conditions
According to traders’ reviews, the broker offers advantageous conditions:
- three types of accounts – standard, cent, and STP,
- minimum entry threshold starting from 1 USD,
- no deposit bonus of 5 USD,
- ability to fund accounts with various fiat currencies,
- maximum leverage of 1:200,
- micro lot trading,
- no commissions on transactions,
- no balance restrictions,
- up to 200 positions of one type at a time,
- demonstration mode for strategy testing,
- ability to close multiple orders simultaneously, and more.
Website Interface
The website agea.com features a complex interface, which creates inconvenience for users. Some functions are poorly distributed, making them difficult to use.
The verification process requires access to the demo mode and subsequent selection of the “Confirm Account” option. However, some interface elements such as the “Open Account” button cause confusion.
Trading Platforms
The broker AGEA offers clients to trade on two platforms:
- Streamster. A multifunctional program with a simple interface.
- MetaTrader 4. A classic platform with extensive functionality.
Withdrawal commissions depend on the transaction method used. AGEA also charges an annual fee of 20 USD.
Referral Program
AGEA offers its clients a referral program with a commission for each operation performed by an invited user.
AGEA Company Reviews Overview
Most reviews about AGEA Company are positive. Clients highly appreciate the trading conditions and service reliability.
Beginners are recommended to start with a small deposit and try the MetaTrader 4 and Streamster platforms.
Broker’s Advantages and Disadvantages
By studying client reviews, the following advantages can be highlighted:
- advantageous trading conditions and account options,
- availability of two trading platforms,
- various methods for deposits and withdrawals,
- presence of regular analytical information and news on the site,
- customer support in Russian, and others.
As for the disadvantages, the inconvenient website interface, absence of regulatory documents, and lengthy verification procedure are worth noting.
Review Conclusion
The AGEA Company offers transparent trading conditions and convenient platforms for clients. Various payment methods are supported. Despite some shortcomings, the company receives positive reviews and can be a good choice for traders.