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AGEA

About AGEA Company

AGEA is a company established in Montenegro and operates under the regulations of the Capital Markets Commission in the country. It is registered on the Montenegrin Stock Exchange with the ISIN code MEAGEARA1PG8. Being a member of the EU, AGEA is subject to specific obligations set for brokers and their overseeing bodies.

Website Details

The AGEA website was launched in 2019. It boasts multilingual capabilities, although the Russian translation may require enhancements. The majority of the site’s documentation is available in English.

Trading Instruments

  • Forex
  • Indices
  • Commodity CFDs

Platforms and Account Options

AGEA provides a selection of two trading platforms:

  1. MetaTrader 4 — a renowned platform featuring its proprietary MQL4 language, recommended for traders with experience.
  2. Streamster — AGEA’s in-house platform, suitable for novice traders, offering both virtual and live trading options.

Each platform supports various account types.

For the Streamster platform, the features include:

  • Up to 1:100 leverage
  • Maximum cap of $1 million
  • Option to open accounts in different currencies, such as yen, Canadian dollars, and Australian dollars

On MetaTrader 4, traders can choose from two account types:

  • Cent account with a deposit ranging from $6 to $5,000, offering leverage up to 1:500.
  • Standard account with a minimum deposit of $100, leverage up to 1:200, and no commission charges.

Islamic Accounts

AGEA caters to clients with religious beliefs by offering swap-free accounts. While there are no swaps charged for Streamster trades, overnight interest applies when trading on MT4.

Withdrawal Process

AGEA provides two methods for fund withdrawals, each with distinct commissions:

  1. Bank transfers incurring a $10 commission
  2. Withdrawals via electronic payment systems with a $7 commission

Withdrawal requests are typically processed within 24 hours, and automatic withdrawals are not available for security reasons.

AGEA Company Summary

AGEA conducts its operations in compliance with the law. Nevertheless, a license from Montenegro may hold less weight compared to licenses issued by EU regulators. The technical support offered by AGEA is solely available online. Some uncertainty may arise due to the limited market experience of the company.

This review has been prepared by the specialists at ExpertsReview.

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