AGF Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-05-08 13:35

Abstract：Founded in 2017, AGF (Alpha Gold Futures) is a source of news and analysis for the currency, commodities, and index trading community. AGF currently holds a general financial license authorized by the Securities and Exchange Commission of Cambodia (SECC).

　　General Information & Regulation

　　Founded in 2017, AGF (Alpha Gold Futures) is a source of news and analysis for the currency, commodities, and index trading community. AGF currently holds a general financial license authorized by the Securities and Exchange Commission of Cambodia (SECC), with regulatory license number not fully disclosed.

　　Market Instruments

　　Investors can trade currency pairs, precious metals, crude oil, and indices in the foreign exchange market on the AGF platform.

　　Minimum Deposit

　　Unfortunately, the minimum initial deposit part is not fully disclosed on the AGF official website. Therefore, we have no idea about the rough fund amount to trade with this broker.

　　Spreads & Commissions

　　Spreads and commissions are the core part for forex trading. However, on the AGF website, there is not any related information displayed, thus making trading costs opaque for traders.

　　AGF Leverage

　　In respect to trading leverage, the maximum leverage level offered by AGF broker is up to 1:100 for forex trading and precious metals trading. This leverage level is a little conservative for professional traders. Inexperienced traders, however, are not advised to use such high trading leverage in case of high fund losses.

　　Trading Hours

　　Forex and precious metals trading hours are Monday 6:00 to Saturday 02:00 (summer) and Monday 06:00 to Saturday 03:00 (winter). Crude oil trading hours are Monday to Friday 05:00 (Cambodian time) to 04:00 am (summer), and Monday to Friday 06:00 to 05:00 am (winter). Japanese stock index trading hours are 06:30-13:25 and 13:55-03:45, Hong Kong stock index trading hours are 08:15-11:00 and 12:00-15:30, and Korean stock index trading hours are 07:00-13:35.

　　Trading Platform

　　AGF offers traders a white-label MT4/MT5 trading platform.

　　Summary:

　　The main disadvantages of AGF are:

　　1. Over-limit operation

　　2. Non-transparent pricing

　　3. Imperfect information on the website

　　4. No information on the ways of accessing funds

　　5. Official website only available for the English version

　　6. No live customer support.