AGBK Broker
Basic Information
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Operates on the MT5 trading platform
- Low minimum deposit of €50
- Offers trading in indices, forex, and commodities
Cons
- Mixed user experiences regarding customer service
- Concerns about withdrawal processes
- Notable frequency of complaints
- Only one account type available
- Limited information on funding methods
Is AGBK Broker Safe and Legit?
AGBK Broker, registered in Cyprus in 2024, operates under CDJ Social Stocks Ltd and has approximately 1-2 years of operational experience. It offers trading in indices, forex, and commodities on the MT5 platform, with spreads starting from 0.1 pips and a minimum deposit requirement of €50.
AGBK Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 428/23, which provides a framework for legal operation, contributing to its safety profile despite being a newly established entity.
Market reputation for AGBK Broker indicates mixed user experiences; while some users appreciate the ease of account opening and low minimum deposit, others express concerns regarding customer service responsiveness, withdrawal processes, and the overall transparency of operations, leading to a notable frequency of complaints in the trading community.
Is AGBK Broker a Regulated Broker?
What Are the Regulatory Licenses Held by AGBK Broker?
AGBK Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 428/23. This regulatory framework allows the broker to operate legally in Cyprus, contributing to its overall safety profile despite being a newly established entity. While AGBK Broker holds a mainstream regulatory license through CySEC, its market reputation includes mixed user experiences regarding various operational aspects, indicating the importance of due diligence for potential clients.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
AGBK Broker ensures that client funds are held in segregated accounts, independently regulated and separate from the broker’s own assets. This structure adheres to the rules set forth by the Cyprus Securities and Exchange Commission (CySEC), contributing to the overall safety and protection of client capital.
AGBK Broker Leverage
AGBK Broker offers leverage in accordance with local regulatory requirements, distinguishing between retail and professional clients. The maximum leverage multiples are set to comply with the legal limits established by the Cyprus Securities and Exchange Commission (CySEC), ensuring responsible trading practices for all client classifications.
AGBK Broker Withdrawal Review
How to Contact AGBK Broker?
AGBK Broker has received mixed feedback, particularly regarding withdrawal issues, which are a common source of complaints among users. Many complaints are reported on online forums and review sites, pointing to concerns about responsiveness and transparency in the withdrawal process. While some users have experienced delays, there is no indication of large-scale or repetitive complaints of the same nature. Additionally, AGBK Broker has not received any regulatory penalties or warnings related to these issues. Overall, the complaint volume appears to be low, suggesting a relatively stable operational environment despite existing concerns.
Frequently Asked Questions
A1: AGBK Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 428/23, which supports its legitimacy and safety profile. However, users have reported mixed experiences regarding operational aspects, so potential clients should conduct thorough due diligence.
A2: AGBK Broker operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC), providing a legal framework for its operations. This regulation contributes to the broker’s overall safety profile, although user experiences vary.
A3: AGBK Broker ensures that client funds are held in segregated accounts, separate from the broker’s own assets, in compliance with CySEC regulations. This practice enhances the safety and protection of client capital.
A4: AGBK Broker has received mixed feedback regarding withdrawal processes, with some users expressing concerns about responsiveness and transparency. While there have been complaints, the overall volume appears low, indicating a relatively stable operational environment.
A5: You can reach AGBK Broker’s customer support via phone at +357 22777458 or by email at support@agbk-broker.com. They also have a website where additional information may be found.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.