Agora markets -Overview of Minimum Deposit, Spreads & Leverage

General Information

Agora markets presents itself as a Britain forex broker that provides its clients with a web-based trading platform and different kinds of trading assets like forex, commodities and cryptocurrencies. It also hypes that it offers up to 400:1 leverage, over low spreads and a choice of five account types.

Market Instruments

Agora markets advertises that it offers various trading instruments, including forex, commodities and cryptocurrencies.

Account Types

There are five trading accounts offered by Agora markets, namely Silver, Gold, Platinum, Diamond and Corporate. The minimum initial deposit to start a Silver account is $10,000,while the other four accounts require much higher initial capital, $50,000, $100,000, $250,000 and $1000,000 respectively.

Leverage

The maximum leverage is significantly affected by what type of accounts you are holding. The maximum leverage in the Silver, Gold, Platinum account is 200:1, the Diamond account is 300:1, and the Corporate account is up to 400:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

According to the website, the EUR/USD spread is wild and goes from 0.2 pips to 3 pips in a short space of time. More specific information about spreads and commissions is not involved directly on Agora markets website at the time of writing this review.

Trading Platform Available

When it comes to trading platforms available,Agora markets gives traders a choice of web-based trading platform. Some popular trading platforms like Metatrader4 and Metatrader5 are not available.

Deposit & Withdrawal

Agora markets offer two payment options: Credit/Debit cards and Wire Transfers. There are no obvious options for using popular online payment platforms such as PayPal, Skrill or Neteller. It is very important to note that if an account has been inactive for a year, it is charged an annual fee of $25.

Customer Support

Agora markets customer support can be reached through telephone: +441223790633, email: support@agoramarkets.com. Company address: 65 Clifton St., Hackney London EC2A 4JE UK.