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ARGUSFX

ARGUSFX
About company:

ArgusFX offers traders more than 30,000 financial instruments to trade, including currency pairs and CFDs.

 

Company. Fund security

ArgusFX is the name of the Cypriot investment firm Argus Stockbrokers Ltd, licensed by CySec (# 334/17).

 

CySEC is an authoritative European regulator that imposes strict rules on companies: the company must have at least 730,000 euros on its account - this is a guarantee of financial stability, and clients' money must be kept in separate accounts, separated from the company's operating funds.

 

As an additional guarantee of the safety of traders' funds, CySEC obliges all controlled companies to join the Investor Compensation Fund. In case of insolvency of the broker, the client can return up to 20,000 euros from the fund.

 

Every company licensed in Cyprus is also entitled to offer its services in other EU countries under the MiFID Directive.

 

Trading conditions

ArgusFX operates under a pure STP execution model, and its clients can choose between two types of STP accounts - the standard interest-free account and the Pro STP account with tighter spreads that include commission.

 

ArgusFX has two different trading accounts: on both, trades are executed using STP / ECN technology, which allows traders to directly access interbank prices provided by top-tier liquidity providers. Customers can choose between Standart STP and Pro STP. You can trade micro lots with them.

 

Swap-free Islamic accounts are available upon request.

 

Minimum initial deposit

ArgusFX has not set a minimum initial deposit amount, which is a pretty attractive proposition. To work on PRO STP account, you need to deposit at least $ 200.

 

Spreads and commissions

ArgusFX offers variable spreads on both accounts. Typical spreads for the EUR / USD pair are around 1.8 pips on a Standart STP account where no commission is charged.

 

On a Pro STP account, spreads start from 0 pips. But a commission is charged on this account, so trading costs are the same as with Standart STP.

 

Additional discounts are available for customers who deposit more than $ 2,000.

 

Leverage

The maximum leverage is 1: 500. Traders should keep in mind that high leverage comes with high risk. This is why some regulators limit the leverage that brokers can offer.

 

Trading platforms

This broker supports the standard Forex trading platform MetaTrader4. The terminal offers a wide range of trading tools and functions: a user-friendly interface, a number of built-in technical indicators, an extended set of charts, a wide range of Expert Advisors (EAs) and option testing. Traders can download ready-made or create their own advisors. MetaTrader 4 allows you to trade from PC and mobile devices.

 

Like most brokers, this one also offers VPS hosting services. Free hosting is provided to customers who deposit at least $ 2,000.

 

Training

On the site, traders will find various educational articles about the foreign exchange market, a section with frequently asked questions and useful tools: calculators for calculating margins, pips and swaps.

 

Support service

Each client has an account manager and 24/5 service is available in different languages. Traders can speak directly with a representative at one of the company's offices: Nicosia, Frankfurt or Limassol. You can also write by e-mail, online chat or call.

 

The site is available in English, Greek, German, Spanish and Arabic.

 

Ways of payment

Deposits can be made to the ArgusFX broker account using bank transfers, credit and debit cards, and online payment systems such as Neteller, Skrill, Webmoney, QIWI, Sofort, CashU and others.

 

The trader can withdraw funds in the same way as he deposited them. Withdrawal usually takes 1-2 days depending on the method used.

 

There is no fee for deposits or withdrawals.

 

Pros:

 

regulated broker; MT4 is available; STP / ECN technology.

 

Minuses:

 

does not offer bonuses or promotions.

 

 

ARGUSFX is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.

In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.

The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.

What is the benefit of a broker?  

 

The broker ARGUSFX makes profit from traders' transactions, as a rule, in two main ways.

The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.

The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.

Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.

 

Ways to cheat customers  

 

We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.

The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.

Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.

In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where are brokerage companies registered?

 

One of the key points is the place of registration and regulation of the company's activities.

Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.

However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.

But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization,   considering disputes between its members - brokers and their clients.

If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to pay attention to?

 

When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.

It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.

Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.

Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.

Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.

FAQ - broker questions

  • 1. Do the trader reviews impact on a rating of ARGUSFX ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker.

  • 2. How to leave a comment about ARGUSFX on the website 4ex.review ?

    In order to leave a review about the broker, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the broker ARGUSFX decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. ARGUSFX received a score of 1 of 5 on our resource.

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