AGEA

AGEA Company Overview

Operating since 2005 and based in Montenegro, AGEA International AD is an exchange-listed investment company, regulated by the Commission for Capital Markets, formerly the Securities and Exchange Commission of Montenegro.

The company is listed as a public company on the Montenegro Stock Exchange and is also regulated in the EU under MiFID.

Trading Platforms

AGEA.Trade and Streamster
AGEA recommends its proprietary platform, AGEA.Trade, for all new traders, as it is both easy to use and feature-rich. The platform is available in seven currencies and has its own API for algorithmic trading. Other features include:
• Customisable charting tools & technical indicators
• No commissions or margin interest
• International chat channel
• Integrated account center
• Up to 100 open positions
• Built-in trading support
• Zero fees on deposit
• No overnight swap rate
Streamster has the same conditions of trading and is available to download on Windows and Mac PCs.

MetaTrader 4

AGEA recommends MT4 for experienced traders and those comfortable coding. Available in four currencies, MT4 uses its own programming language (MQL4) with advanced features including:
• Automated trading programs (Expert Advisors)
• Balance limits depending on the account type
• Charting tools and built-in custom indicators
• Up to 200 open positions
• No volume limits
• No commissions

MetaTrader 4 is available to download on Windows and Mac PCs.

Markets
AGEA users have access to a range of assets:
• Currencies – Trade on close to 20 major, minor, and exotic currency pairs, including EUR/USD, AUD/USD, and EUR/GBP
• Index CFDs – Trade a handful of CFDs on the CAC 40, DAX, FTSE 100, NASDAQ 100, Dow Jones, and S&P 500
• Funds – Trade funds in various global markets including China, Brazil, India, Japan, the US, and Russia
• Commodities – Trade gold, silver, and crude oil in both spot and futures markets
• Cryptocurrencies – Trade Bitcoin, Ethereum, and Ripple

Spreads & Fees

Spreads at AGEA are around 0.6 pips on major currency pairs, such as EUR/USD. On CFD indices such as the FTSE 100, spreads start at 0.7 points, and on gold and silver, spreads from 0.3 pips are available. Overall, spreads are tight and there aren’t any commissions to factor in.
Other costs to be aware of include a $20 inactivity fee charged to accounts dormant for over 12 months, as well as overnight swap rates on the MT4 platform.

Leverage

Leverage on the Streamster platform is available between 1:10 and 1:100, whilst on MetaTrader leverage is offered at 1:1 to 1:100 (initially 1:100). Although not the highest leverage rates available, there is enough to capitalize on market opportunities.
Details of the margin call process can be found on the broker’s website.

Mobile Apps
AGEA offers the AGEA.Trade and MetaTrader 4 mobile apps for those who wish to trade on the go. On iPhone devices, the AGEA.Trade web trader is accessible via your smartphone web browser, whereas on Android devices, an app download from the Google Play or Huawei Store is required.

The MetaTrader 4 mobile app for both iPhone and Android devices can be downloaded from the Apple App Store or Google Play. MT4 mobile app users enjoy all the same features as the desktop platform.

Become AGEA Affiliate

You can refer customers to AGEA through your web site or by sending them coupons in an e-mail. For each live position a customer you refer closes on our default Streamster trading platform, you will receive a commission in value of 15 points (e.g. one standard 100k position in EUR/USD will earn you $15).  You can earn hundreds or even thousands each month by simply referring customers to AGEA. In addition, there is no charge for participation in the program.

Affiliate commission for closed positions on the MetaTrader 4 platform is 100% of the Minimum Spread for the position instrument. Profit or loss on a closed position has to be greater than 40 points in order for that position to be taken into account when calculating affiliate commissions. Please also note that there are contractual restrictions on referring related persons.

Fill out the form to become AGEA Affiliate.

Payment Methods

Deposits

AGEA offers multiple funding options within the Account Centre. Payment methods include local bank and wire transfers, credit and debit cards, plus e-wallets, Fasapay, Union Pay, and RBK Money. See the broker’s Payment Options page for a list of methods available in your jurisdiction.

The minimum deposit with all methods is $1, making it an accessible broker for new traders. AGEA does not charge for deposits, but there may be external processing fees.

Withdrawals

Withdrawals can be made by all the same methods as deposits. AGEA charges a $7 withdrawal fee on the first withdrawal made through non-wire options and a $10 fee on withdrawals via bank wire transfer. Additional processing fees can be found on the broker’s website.

For security reasons, the withdrawal process is never automated. Digital currency withdrawals take 6-24 hours to process. Wire transfer withdrawals take 2-7 business days.

Demo Account

AGEA’s demo account comes with $10,000 in virtual capital. Access to the demo account will be available for as long as traders want it and if funds fall below $2,000, users may request more. The demo account is an excellent way to try trading under the same conditions as a live account.

Deals & Promotions

AGEA offers a $5 no-deposit bonus for all new users. All you need is a verified account and the funds will be automatically added to your account. Check the broker’s website for information on upcoming deals and promotions, and their social media for money rewarding contests.

Regulator

AGEA International AD is a regulated and exchange-listed investment company, holding a license with the Commission for Capital Markets, formerly the Securities and Exchange Commission of Montenegro.

The legal framework that regulates investment companies in the Republic of Montenegro is based on the Markets in Financial Instruments Directive (MiFID). Client funds held with the group are maintained in separate bank accounts at local and international banks, in line with relevant laws and regulations.

Additional Features

AGEA.BLOG has a variety of educational resources and guides, including:

•   Introduction to Markets – information on buying and selling, orders and positions, plus calculating profit
•   Trading Techniques – includes guidelines on technical and fundamental analysis, plus controlling risk
•   Specifics & Facts – information on trading terminology, margin requirements, and overnight interest
•   FAQs – frequently asked questions both on AGEA in general and on trading

Account Types

Agea.Trade has a standard account.

AGEA clients can choose between the Cent account and the Standard account. The Cent account is aimed at beginners with a $6 minimum deposit and a $5,000 maximum balance, while the Standard account has a $100 minimum deposit and no upper balance limit. Both accounts come with leverage up to 1:100 and a minimum lot size of 0.01.

Note that before the MT4 platform can be used with one of the above account options, clients must open a Streamster account. This requires just a $1 minimum deposit and has no maximum balance limit. Leverage is set to 1:100 and comes with a 1 lot minimum trade size.

Upon request, an Islamic account is also available on both the Streamster and MT4 platforms.

Benefits

Advantages of trading with AGEA include:

•   Choice of trading platforms, including MetaTrader 4
•   ZERO Fee on Deposits
•   $5 no-deposit bonus
•   The minimum deposit is only $1
•   No Overnight Swap
•   Demo account with $10,000 virtual cash
•   Broker chat support within Streamster
•   Decent education & trading tools
•   Fast and Professional Support
•   Straightforward login
•   No commission fees

Drawbacks

Disadvantages of using AGEA include:

•   Stocks trading not offered
•   Swap fees on MT4
•   Withdrawal fees (But only on the first withdrawal)

Trading Hours

Trading hours on both the Streamster and MT4 platforms are Sunday 22:15 to Friday 21:00 GMT. Virtual trading is open at all times. Other market schedules (GMT) are as follows:

•   Japan – 00:00 opening
•   Singapore & Hong Kong – 02:00 opening
•   European – 07:00 opening in Frankfurt, 08:00 opening in London
•   New York – 13:00 opening (NYSE opens at 14:00)
•   European – 17:00 closing
•   Australian – 23:00 opening

Customer Support

AGEA’s 24/5 customer support team can be reached via:

•   Online contact form – for general inquiries
•   Account Centre support team – for technical issues within the platforms
•   Live chat – live chat logo located in the bottom right-hand corner of the website

AGEA’s live chat service is fast and reliable.

Trader Security

MT4 encrypts all data exchanged between the client terminal and platform. Streamster and AGEA.Trade also uses industry-standard 128-bit SSL (Secure Sockets Layer) encryption. The broker only offers secure deposit and withdrawal options to clients.

AGEA Verdict

AGEA is experienced and trustworthy forex and CFD broker, offering the proprietary Streamster and AGEA.Trade, trading platforms, in addition to the reputable MT4 software. With low minimum deposits and fees, plus decent trading tools, AGEA is a strong contender, particularly for beginners.

Accepted Countries

AGEA accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use AGEA from United States, Korea, Syria.

FAQ

What trading platforms does AGEA offer?

AGEA offers two downloadable platforms, the broker’s own Streamster and the well-regarded MT4 system., and a new platform that can run in your browser – AGEA.Trade. Both options are user-friendly are come with a host of charts, indicators, and analysis tools.

Does AGEA offer a demo account?

Each user gets $10,000 of virtual money with AGEA’s demo account. Upon request, the practice account can be kept open until traders are ready to use a real-money trading account.

What leverage does AGEA offer?

Leverage is offered between 1:10 – 1:100 on the Streamster platform, and between 1:1 – 1:100 on the MT4 platform. While trading on leverage can increase returns, it can also increase risk exposure.

How quickly are AGEA withdrawals processed?

Funds usually take between 6 and 24 hours to clear. Wire transfer withdrawals take 2-7 business days. For security reasons, withdrawals are processed manually by the AGEA team.

Can I open two AGEA accounts?

AGEA has a one-person one account policy, although your master account can contain several sub-accounts held on the different platforms offered.