Note: For some unknown reason, we cannot open AAG Markets official site (https://aagmarkets.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
AAG Markets, a trading name of AAG Ltd, is allegedly an STP forex broker founded in 2006 and registered in Saint Vincent and the Grenadines, claiming to provide its clients with online trading in various tradable financial instruments with leverage up to 1:888 and variable spreads from 0 pips on the leading MetaTrader4 trading platform, as well as a choice of three different live account types.
As for regulation, it has been verified that AAG Markets does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.40/10. Please be aware of the risk.
Market Instruments
AAG Markets advertises that it is an international financial brokerage offering online trading in stocks, forex, indices, ETFs and commodities.
Account Types
AAG Markets claims to offer three types of trading accounts, namely Raw Spread, Standard and VIP. The minimum initial deposit is extremely high-$1,000 for the Raw Spread and Standard accounts, while the VIP account has a much higher minimum initial capital requirement of $100,000. In comparison, the licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
If you choose to open the Raw Spread account, then youll have to pay a service fee between $3.50 and $10 after the first 50 round turns. For the Standard and VIP accounts, there is no service fee. The broker also offers an Islamic account.
Leverage
A leverage ratio of up to 1:888 is offered by AAG Markets, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
AAG Markets claims that different account types can enjoy quite different spreads. Specifically, the spread on the Raw Spread account starts from 0.1 pips, the Standard account has spread from 0.8 pips, while only the VIP account holders can enjoy raw spreads from 0 pips. However, as we tested on the MT4 account at AAG Markets, the EUR/USD is 2 pips.
Trading Platform Available
The platform available for trading at AAG Markets is the worlds most trusted and popular MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
AAG Markets website shows a payment choice between VISA, MasterCard, Skrill and Neteller. However, upon opening a live account, you will have the option of depositing money using cryptocurrencies, wire transfers, or credit cards. Payments can no longer be made through Skrill and Neteller. The minimum initial deposit requirement is said to be as high as $1,000, while there is no mention of what the minimum withdrawal amount is. As for the processing time of withdrawal requests, the broker says that if the withdrawal request is made before 2 pm, it can be processed the same day.
Bonuses
According to the account type information (screenshot above), AAG Markets seems to provide the trading bonus for Standard and VIP accounts, but the Terms and Conditions document does not specify the conditions for receiving a bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
AAG Markets customer support can be reached by telephone: +971(4)3305080, email: contact@aagmarkets.com. You can also follow this broker on social media platforms such as Facebook. Company address: Office 2001, Level 20, Al Saqr Business Tower, 91 Sheikh Zayed Road Dubai, United Arab Emirates.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
