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AG Markets
Rating:
Binary Option Programs Award
Min. Deposit
$250
Min. Investment
n/a
Regulated Broker
No

  1. AG Markets

    Launched in 2013, AG Markets is a regulated Forex and CFD broker offering trading in currency pairs, cryptocurrencies, indices, stocks, metals and energy. Customers get access to the full suite of MT4 trading solutions from any of the multiple trading accounts, with variable spreads and commission free trading. AG Markets is available in English, Portuguese and Spanish languages and customers in South Africa are welcome. Read our detailed review to find out about the trading conditions at AG Markets including payment methods, account types and trading software.

    AG Markets Account Features

    Customers at AG Markets can choose from 6 types of trading account tailored to suit the trading styles and requirements of different individuals. Each account has its own set of benefits and minimum deposit level. Notably, every account type is given access to the MT4 trading platforms on desktop, WebTrader and mobile devices.

    AG Markets Basic Account

    • Minimum initial deposit $250
    • Access to Forex trading instruments only
    • Maximum leverage 1:400
    • 2 pips average variable spread
    • Minimum lot size 0.01
    • Daily news and economic reports
    • One-on-one support
    • 20% on-deposit bonus
    • No commission on trading

    AG Markets Standard Account

    • Minimum initial deposit $500
    • Access to Forex trading instruments only
    • Variable spreads
    • 30% on deposit bonus
    • Leverage up to 1:400
    • Minimum lot size 0.01
    • Daily news and economic reports
    • One-on-one support
    • No commission on trades

    AG Markets Trading Account

    • Minimum initial deposit $1,000
    • Maximum leverage 1:400
    • Minimum trade size 0.01 lot
    • Access to Forex instruments only
    • 40% on-deposit bonus
    • Daily news and economic report
    • One-on-one support
    • Variable spreads
    • No commission on trading
    • 3 risk-free trades

    AGM Pro Account

    • Minimum initial deposit $5,000
    • Access to Forex, CFDs and indices
    • Maximum leverage 1:400
    • Minimum lot size 0.01
    • One-on-one support
    • Variable spreads
    • 5 risk-free trades
    • 50% on-deposit bonus
    • No commission on trading
    • Daily financial reports

    AG Markets Premium Account

    • Minimum initial deposit $25,000
    • Access to Forex, indices, CFDs and stocks
    • Variable spreads
    • Maximum leverage 1:400
    • 7 risk-free trades
    • Minimum lot size 0.01
    • One-on-one support
    • Daily reports
    • No commission on trading
    • Personalised bonus

    AG Markets Platinum Account

    • Minimum initial deposit $500,000
    • Access to Forex, indices, CFDs and stocks
    • Variable spreads
    • Maximum leverage 1:400
    • 10 risk-free trades
    • Minimum lot size 0.01
    • No commission on trading
    • One-on-one support
    • Daily reports
    • Personalised bonus

    AG Markets Demo Account

    We were pleased to see that AG Markets offers customers the opportunity to open a free demo account on the MT4 platform. Even though it costs nothing to have one, AG markets allocates $50,000 of virtual money for practice trading on the innovative platform. Moreover, all the features, trading tools, charts and technical indicators available for live trading are fully accessible, making the demo experience authentic (traders can’t withdraw profits made in the demo account). We recommend that traders in South Africa take full advantage of the demo account at AG Markets, potentially increasing profits when they start trading with real money.

    AG Markets Bonuses

    Clients at AG Markets are offered bonuses as an incentive to sign up to the brokerage and to boost their investment capital. It’s important to realise that bonus offers come with strict terms and conditions and can be accepted or rejected by the client. Typically, customers must fulfil a specified trading volume before withdrawing money from their account and this can take a long time.

    AG Markets No-deposit bonus

    The No-deposit bonus promotion is not a permanent feature at AG Markets but offered from time to time. Traders receive bonuses in their trading accounts to use on the trading platform. Subsequently, profits generated with the bonus money can be withdrawn, subject to the terms and conditions attached to the bonus offer.

    AG Markets Welcome Bonus

    Traders are offered a bonus as a welcome to AG Markets, when they set up a trading account and make the first deposit. The size of the bonus depends on the account type, and varies between 20% and 100% of the initial deposit.

    AG Markets Trading Bonus

    Customers who open a trading account with AG Markets and make a first deposit of at least $1,000 can receive a trading bonus, matching the deposit up to $5,000 maximum. The conditions of the trading bonus require traders in South Africa and elsewhere, to execute a trading volume of between 200 and 1,200 standard lots per month for three months, depending on the size of the bonus receives. The exact terms and conditions are set out clearly in a ‘Trading Bonus’ pdf file on the AG Markets website.

    AG Markets Trading Software

    The trading software offered by AG Markets is the complete suite of MT4 trading solutions with 100 instruments including Forex, CFDs and Futures offered by AG Markets. A large range of Cryptocurrency instruments are including for trading on the platform, including Bitcoin, Litecoin, Ethereum and Dash.

    Traders need to download the secure, MT4 software to desktop in a few easy steps. The software doesn’t take up many resources on desktop, so the execution speed remains very fast. The MT4 mobile trading app for Android and iOS devices is available free from Google Play and the Apple App store.

    Additionally, AG Markets is fully synchronized with the MT4 WebTrader platform allowing traders to access the trading platform from any internet connected browser. Importantly, the WebTrader has a redesigned layout and real time risk statistics. The main features of the WebTrader are the following:

    • Works in any browser with no downloads
    • Traders use MT4 login and password
    • Fully synchronised with MT4
    • Trade directly from the chart
    • Multi-language support
    • Real time quotes and execution
    • Dynamic order routing
    • View aggregated positions
    • Technical analysis tools
    • Hedging allowed
    • One-click trading possible

    AG Markets MT4 Guardian Angel

    A special plugin is available free of charge for the MT4 trading platform called the ‘Guardian Angel’ and could be interesting for customers in South Africa. Importantly, it provides trading alerts and a stop-loss calculator, useful for managing risk. However, the plugin must be downloaded and installed on the trading platform before trading begins, and the terms and conditions should be read carefully before installation.

    AG Markets Support Information

    Traders can contact the customer support team through the live chat help line on the internet and by phone or email. We noticed that the working hours of the departments dealing with different topics at AG Markets vary, so customers need to check the opening times on the contact page. Notably, customers can expense a written response within 24 hours to any email enquiries.

    Further support is provided to customers at AG Markets through the well-stocked Educational Centre. The company offers different aids and resources to improve and develop trading strategies. Educational videos and easy to understand explanations of various aspects of Forex trading are provided free of charge. Moreover, a guide of the MT4 platform is also available, to assist traders with getting started on the platform.

    AG Markets Payment Methods

    Customers at AG Markets can choose from several secure payment methods to fund their trading accounts. All the major credit/debit cards are supported along with several local payment methods shown to customers in South Africa and around the world, at the time of registering an account. Additionally, traders can opt for bank wire transfer or a long list of electronic payment methods including Skrill and Neteller.

    Traders with a registered AG Markets trading account can apply for a re-chargeable payment card in GBP, USD or EUR, that can be used at ATM machines everywhere. The card costs just $10 and ensures rapid, safe funding of trading accounts at any time, from anywhere on the globe, including South Africa. Notably, the card comes with terms and conditions that should be read carefully.

    Withdrawal requests from AG Markets are processed in around two days and delivery to customers’ accounts varies according to the payment method used. In line with money laundering regulations, withdrawals are sent to the same bank account used to fund the account and by the same method. AG Markets does not have a minimum or maximum withdrawal limit, and does not charge fees on withdrawals and deposits. Nevertheless, trading positions must be closed before a withdrawal request is submitted or it will be turned down.

    AG Markets is owned by Advanced Global Markets Ltd, a company fully licensed and regulated by the VFSC (Vanuatu Financial Services Commission) with financial license number: 40369

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