Absolute Global Markets (AGMarkets) is an unregulated CFD broker that opened in September 2019. Their website keeps changing, it started at: agmarkets.io and then moved to agmarkets.co. There is still a login website at https://agmarkets.cc/.
For withdrawal problems or complaints, read this.
Absolute Global Markets Broker Review
Investors at Absolute Global Markets are given either the Status web-based CFD trading platform, which is user friendly, and simple to use. Also available is the industry standard MT4 desktop trading platform for download. Mobile apps are the default MT4 Android & Apple apps.
A wide range of underlying assets are available for CFD trading including; Forex Major, Forex Minor, FX Exotic, Crypto, Metals, Commodities, Indices, and World Shares. Margin rates on BTC were 1:1 and the spread was $80. Minimum deposit for a trading account at AGMarkets is $100, and they use Naspay as their payment processor.
When you select the various payment options, it starts to show where your money if going. When we selected to deposit via VoguePay, it shows that the money is going to Lotens Partners LTD, which is the company that owns SNPBroker. If you select xpate, your deposit is going to Investlead.
Is Absolute Global Markets Licensed?
No, AGMarkets is not a licensed or regulated brokerage firm. The FCA in United Kingdom has already warned investors about this broker, see here. Operated by: Lotens Partners LTD, they are located at: P.O. Box 1510, Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. Contant phone number is: +442033183077. Their customer support email address is: [email protected].
Originally they mention in their terms and conditions that they are located in Bulgaria. They listed an address of Zentweg 6, 3006 Bern, Switzerland, on their websites. Contact phone number is: +41225187620.
When the Scam Broker Investigator reviews a new Forex or Crypto CFD broker to see if they are a scam broker or a legitimate broker, we check for a license from any of the government financial regulators.
Using a local brokerage firm, that is licensed in your country ensures that you will not have problems withdrawing your profits.
Review The Best Brokers!
New investors seeking a new CFD broker have plenty of companies to choose from. Many experienced professional traders have a few trading accounts at different firms, which they use depending on the trading conditions.
Pepperstone is a large broker that is licensed by the FCA and ASIC. Pepperstone has the tightest spreads on Crypto & Forex. Get a Free Trading Account, signup here.
Existing clients of AGMarkets are invited to share their experience using this broker with other investors, in the comments section below.