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Argus FX was founded in 2003. The broker is a part of Argus Stockbrokers Ltd. and is regulated by Cyprus Securities and Exchange Commission (CySEC).
The company does not provide its services to citizens of the US, Iran, Cuba, Sudan, Syria, North Korea, Belgium, Canada, and Japan.
The official website supports English, German, Spanish, Arabic, and Greek.
Trading conditions
Argus FX offers over 50 trading instruments for one-click trading, including CFDs on commodities and indices. Traders may control their risks and leverage by means of Client area. Traders can choose from two account types such as Standard STP and Pro STP. These trading accounts are considered to be unique as the broker guarantees the STP/ECN environment allowing both retail and institutional clients to speculate and place orders.
The company’s clients can start trading topping up their accounts by any appropriate sum as the minimum deposit is not set. At the same time, minimum deposit for the Professional account (Pro STP) is $200.
To comply with ESMA rules and regulations, Argus FX has designed its trading system so that retail customers are offered a default leverage limit of 1:30 for major currency pairs and a smaller leverage for other assets. However, traders can change the default limit to a bigger one. The maximum leverage is 1:500.
Argus FX provides its clients with the front-page market news, technical and fundamental analysis along with analytical tools developed by the company’s specialists.
Newbies can also make use of a demo account.
Trading platform
Company’s clients can benefit from the most popular trading platform MetaTrader 4. The trading platform allows traders to open deals on such major currencies as USD, EUR, and PLN.
Support Service
Traders can contact the company’s support team round-the-clock in working days by means of telephone number, email, and live chat. During weekend, it is possible to fill in the form on the official website to ask the necessary question. Notably, every client has its personal manager.
Deposit and withdrawal of funds
Argus FX offers several ways to deposit and withdraw funds. Traders can quickly top up their accounts or withdraw money by means of such bank cards as Visa and MasterCard as well as via such payment systems as Neteller, Skrill, WebMoney, QIWI, Sofort, CashU and some others. As a rule, such transactions take up to three days.
Comments left by traders
Traders who have already worked with the broker recommend to be cautious. The main complaint is a problem with withdrawal of funds.
Advantages and disadvantages of the broker
Pros:
- regulated broker
- wide array of trading instruments
- unlimited minimum deposit
- demo account
- STP/ECN
Cons:
- negative experience of traders
- no contests and bonuses
Conclusion
Argus FX has been offering decent financial services for more than 15 years. However, the company’s reputation is damaged by negative experience of traders. It is difficult to say whether such comments are true or not. The company offers rather lucrative trading conditions, popular payment methods and trading platform. Moreover, traders have an opportunity to choose the sum of the first deposit. Argus FX is a regulated and licensed broker.
