Argon Trades Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-11-11 17:58

Abstract：Argon Trades is allegedly a forex broker registered in the United States that claims to provide its clients with various tradable financial instruments with floating spreads around 0.5 pips.

　　Note: Argon Trades is to operate via the website - https://argontrades.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

　　Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

Feature	Detail
Regulation	No Regulation
Market Instrument	forex currency pairs, shares, indices, commodities and cryptocurrencies
Account Type	N/A
Demo Account	N/A
Maximum Leverage	N/A
Spread (EUR/USD)	0.5 pips
Commission	N/A
Trading Platform	N/A
Minimum Deposit	$50
Deposit & Withdrawal Method	credit/debit cards and wire transfers

　　Argon Trades is allegedly a forex broker registered in the United States that claims to provide its clients with various tradable financial instruments with floating spreads around 0.5 pips.

　　As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, trading platforms, etc.

　　As for regulation, it has been verified that Argon Trades currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.23/10. Please be aware of the risk.

　　Market Instruments

　　Argon Trades advertises to offer forex currency pairs, shares, indices, commodities and cryptocurrencies.

　　Spreads

　　Argon Trades claims that the EUR/USD spread is 0.5 pips.

　　Deposit & Withdrawal

　　Argon Trades says that users can pay with credit/debit cards and wire transfers. There is a $50 minimum deposit requirement, while the minimum withdrawal amount is also $50. There are also withdrawal fees, but in a typical unregulated broker style, the firm has not disclosed them.

　　Customer Support

　　Argon Trades customer support can be reached by telephone: +1 (917) 722-7213, email: support@argontrades.com. Company address: Fort Myers, Florida USA. 51 Boulevard Grande-Duchesse Charlotte, 1330 Luxembourg.

　　Pros & Cons

Pros	Cons
• Wide range of trading assets	• No regulation
• Tight spreads as low as 0.5 pips	• Website inaccessible
• Low minimum deposit requirement ($50)

　　Frequently Asked Questions (FAQs)

Q 1:	Is Argon Trades regulated？
A 1:	No. It has been verified that Argon Trades currently has no valid regulation.

Q 2:	Does Argon Trades offer the industry-standard MT4 & MT5？
A 2:	No. It seems that there isnt any available trading platform at Argon Trades.

Q 3:	What is the minimum deposit for Argon Trades？
A 3:	The minimum initial deposit with Argon Trades is $50.

Q 4:	Does Argon Trades charge a fee？
A 4:	Like every forex broker, Argon Trades charges a spread fee. It also charges an unspecified withdrawal fee.

Q 5:	Is Argon Trades a good broker for beginners？
A 5:	No. Argon Trades is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.