Agm Securities has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Aberlyst. We’ve received over 6 complaints against Agm Securities.
Agm Securities claims to be a registered and trustworthy broker, yet multiple red flags indicate otherwise. Despite claiming to be based in New York, the website is largely in Russian, and legal documents are lacking. It lacks NFA registration, transparency, a reliable trading platform, and precise deposit/trade information. Investors should use well-regulated brokers to assure security and dependability.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Agm Securities Regulated? Do They Have a License?
Agm Securities positions itself as a professional, client-focused broker, claiming to be regulated and trustworthy. However, a closer look uncovers several warning signs that potential investors should be wary of. Here’s why Agm Securities may not be the ideal investment option for you, as well as other more reputable options for financial market trading.
Agm Securities claims to be situated in New York and regulated by the United States Securities and Exchange Commission (SEC). However, there are several irregularities that raise concerns. For example, the website is mostly in Russian, which is odd for a corporation that claims to be based in the United States. Furthermore, despite the website’s assertion that a complete collection of legal documents is available, these links are blank. This disparity is concerning, especially given that transparency and thorough legal paperwork are trademarks of genuine financial services firms.
A thorough inquiry finds that Agm Securities is not registered with the National Futures Association (NFA), which is required for functioning as a forex broker in the United States. Furthermore, the Bank of Russia has issued a warning, noting that Agm Securities is not licensed. In comparison, real UK-regulated brokers offer £85,000 protection, as well as segregated accounts and negative balance protection. Similarly, EU-regulated brokers provide up to €20,000 in coverage with comparable consumer protections, and brokers in Australia and the United States ensure that client funds are secure and trading methods are transparent.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Agm Securities might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Agm Securities, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Agm Securities
Agm Securities claims to provide a web-based trading platform, however it lacks even the most basic features. Essential functionality such as order placing and margin information are absent, and the platform appears to be a knockoff rather than legitimate trading software. This raises severe questions regarding the legitimacy of their trading services.
On the other hand, trustworthy brokers provide well-known trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms offer advanced capabilities, broad customization, and mobile versions. They are globally trusted and used, with features like auto trading and personalized indicators. The vast difference in the quality and reliability of trading platforms is an important issue to consider when selecting a broker.
Another major criticism with Agm Securities is a lack of clarity regarding minimum deposit requirements and trading criteria. This lack of information is a red signal, as trustworthy brokers normally provide a range of account types adapted to varied capital and investment requirements, as well as clear and extensive information on trading criteria.
Furthermore, Agm Securities accepts only cryptocurrencies as payment. While cryptocurrencies provide some anonymity and avoid returns, they are also popular among financial crooks. Established brokers, on the other hand, provide a wide range of transparent payment options, including bank transfers, credit/debit cards, and e-wallets such as PayPal, Skrill, and Neteller. This transparency ensures that clients have a secure and trustworthy way to fund their accounts and withdraw their revenues.
Agm Securities claims to trade forex, stocks, and cryptocurrencies, but does not disclose any information on trading fees or leverage. The lack of a functional trading platform to back up these claims raises further questions about the credibility of their products. In contrast, reliable brokers provide thorough information on trading expenses, leverage, and available instruments. They provide a diverse choice of products, including currency pairs, equities, indices, cryptocurrencies, and commodities, all with transparent spreads and leverage limitations.
Another major complaint with Agm Securities is the lack of publicly disclosed Terms & Conditions and a Client Agreement. This omission raises the prospect of hidden fees and restricted withdrawal terms, which are frequently employed by untrustworthy brokers to capture their clients’ assets. In contrast, regulated brokers ensure that withdrawal operations are transparent, with no hidden costs or restrictive conditions. This transparency ensures that clients can easily and securely withdraw their monies.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Agm Securities Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Agm Securities Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Agm Securities might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Agm Securities reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Agm Securities chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Agm Securities enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Agm Securities reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Agm Securities.
You should always look out for consumer complaints. In the case of Agm Securities, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Agm Securities? You can share your complaint in the comment section or submit an anonymous tip.
Is Agm Securities Legit Or a Scam?
Agm Securities is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Agm Securities can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Agm Securities?
Investing in the financial markets necessitates selecting a broker who is transparent, regulated, and trustworthy. While Agm Securities advertises itself as a reliable alternative, various anomalies and red flags indicate otherwise. Investors should look for brokers who are regulated by respectable institutions like the FCA in the UK, CySEC in the EU, ASIC in Australia, and the CFTC/NFA in the United States.
These brokers provide complete customer protections, transparent trading conditions, and dependable trading platforms, resulting in a safe and professional trading experience.
All the evidence suggests that Agm Securities might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
