With an increasement of online trading brokers, we have an increasement of scam brokers. How to know which broker is legit? How to be sure that your funds are safe? We advise you to always check the broker before opening an account. Make sure that it is regulated by one of the top-tier regulators, such as FCA, CySEC, or ASIC.
| Regulated by: CySEC |
| Headquarters Country: Cyprus |
| Foundation year:2017 |
| Supported Platforms: MT4 |
Read our in-depth ArgusFX review and find out who this broker is, where is it operating from. Is ArgusFX regulated? We answered all of these questions for you.
Regulation and Security
ArgusFX is the brand name of Acier FX Ltd (formerly known as ArgusFX Ltd). The company is based in Cyprus and registered by CySEC. The company was established in 2017 and has the right to operate within the EEA zone and several other jurisdictions.
We found the company registered in Lithuania, cooperating with Lithuanian banks. These banks are not top-tier banks, so we advise clients to be careful when depositing with this broker.
In which countries does this broker work?
ArgusFX broker is operating in the EEA zone. Also, since CIFs can provide trading services to third countries if they comply with their trading regime, the company can provide services in Egypt, Indonesia, Malaysia, Nigeria, Philippines, Russia, Switzerland, and United Arab Emirates.
On the company’s website, it is specifically listed that they do not provide financial services in the USA, Iran, Cuba, Sudan, North Korea, Syria, Belgium, Canada, and Japan.
We strongly advise clients to check if ArgusFX is regulated in their country before opening an account with this broker.
What can you trade with an ArgusFX broker?
ArgusFX broker allows its clients to trade with currencies, commodities, stocks, and indicies. In addition to that, traders can trade with futures and spot metals.
The company offers around 60 currency pairs and 65 CFD stocks.
Trading is enabled on the MT4 trading platform. Traders can also use an automated system and get trading signals.
On the Standard account, there is no minimum deposit, while for the Pro account it’s necessary to deposit a minimum of 200 EUR. Besides these two types of accounts, the company is also offering a Demo account and Islamic swap-free account.
The leverage goes up to 1:30 for the Forex market, while spread varies from 0 pips in the Pro account and 0.7 in the Standard account. The minimum trade size is 0.01 LOT in both of the accounts.
The deposit can be made using a debit/credit card and it takes 1 day to process the transaction. The fee that the company is charging is 1.35 EUR/USD/GBP, while withdrawal with the same method costs traders 1.8% from the amount they wish to withdraw. Withdrawals to the card are visible to clients within 4 – 7 business days.
If clients want to make a deposit using wire transfer, it takes one day for the company to process it and there are no deposit fees, while the withdrawal fee is from 5 – 15 EUR/USD. The money is visible in the clients’ accounts within 4 – 7 business days.
Along with these methods, the deposit can be made using E-wallets such as Skrill and Neteller.
Scammed by ArgusFX? What to do?
If you experience any issues while being involved with ArgusFX broker, do not hesitate to contact us. If you get scammed by this broker, cannot get your funds, or cannot access your trading account, get in touch with us today! We can help you solve the issue and get your money back!
Is ArgusFX a good broker?
ArgusFX broker has CySEC regulation, which means that it is safe for the clients coming from the EEA zone. However, we advise you to check if this broker is regulated in your country before opening an account.
Is ArgusFX regulated?
Yes, ArgusFX broker has CySEC regulation, coming from Cyprus regulatory body.
Where is ArgusFX based?
ArgusFX has its headquarters in Nicosia, Cyprus.
