AAG Markets Review (2023)

Founded
2020
Avoid Reason
Offshore License

What is AAG Markets?

AAG Markets is a market leading trading platform, offering leveraged trading on digital as well as traditional assets. The company was founded in 2019 and has spent a long time acquiring the trust of its clients and partners. We currently serve clients in more than 75 countries by providing access to some of the world’s most lucrative trading markets.

AAG Markets offers an intuitive trading system for both first time traders as well as professional traders that demand accurate market data and order performance.

About AAG Markets
🗺️ Registered in St. Vincent and the Grenadines
🗺️ Type of License Offshore License
🛡️ Is AAG Markets safe to trade No
🗺️ Recommended Licenses FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative Broker FP Markets - licensed by ASIC in Australia

Is AAG Markets legit or a scam?

It is not safe to trade with AAG Markets as it is an offshore broker. AAG Markets is a trademark of AAG Ltd., registered and located in St. Vincent and the Grenadines.

However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, PrimeXBT and more. Read more about St. Vincent and the Grenadines regulation by the link.

AAG Markets in India

AAG Markets allows Indian traders to open accounts and trade. However, AAG Markets has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

AAG Markets in the USA

The United States is one of the countries that is not accepted by AAG Markets. As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for AAG Markets, you are only permitted to trade with the U.S regulated platforms.

Deposits & Withdrawals

AAG Markets offers three account types: classic, platinum and VIP.

Minimum funding and the minimum deposit on the platform is for the Classic account and is rather high – USD 10,000, USD 200,000 for Platinum and USD 1,000,000 for the VIP one. 

Apps

TraderGO is an award-winning trading platform. Supports one-screen setup (chart can be dragged to the second screen). Access through both mobile and desktop. Traders can access stocks, mutual funds, ETFs, bonds, forex, CFDs, futures, commodities, forex options, listed options, trading strategies and managed portfolios.This platform is enhanced trade tickets, fundamental and technical analysis tools, extensive charting package, options chain, performance analysis and comprehensive account overview.

TraderPRO is a fully customisable, professional-grade platform that offers a fully customisable across six screens, with advanced workspace management and multi-channel linking between modules. Access on PC and MAC. The key features of the platform are ​​algorithmic orders, one-click trading, options chains and charting packages. Analyse your performance in detail with our revamped account section.

Demo Account

Demo account is not available.

Conclusion

In any case, we never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a company means the trader will believe only on the broker’s words, and of course, it is a high risk. 

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

You can also share your trading experience with AAG Markets by commenting on this review.

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