ArgusFX Review

MIN. DEPOSIT $200 for PRO
Up to 500:1
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information Argus FX is one of the oldest brokerages found in Cyprus. The company owning the brand is Argus Stockbrokers Ltd. The company received its license from CySEC in… more

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Details

BrokerArgusFX
Website URLhttps://www.argusfx.com/
Founded2001
HeadquartersNicosia, Cyprus
Support Number+357 25347750
Support Emailsupport@argusfx.com
Support TypesPhone, E-mail, Live Chat, Call Back
LanguagesEnglish, Greek, Chinese, Serbian, Chinese, Polish, Indonesian, Arabic
Minimum 1st Deposit$200 for PRO
Minimum Trade Amount0.01 lot
BonusNo
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC
Account TypesStandard, PRO
Deposit MethodsYandex Money, Skrill, Sofort, Neteller, MasterCard, Bank Wire, Union Pay. Webmoney, Qiwi, cashU
Withdrawal MethodsYandex Money, Skrill, Sofort, Neteller, MasterCard, Bank Wire, Union Pay. Webmoney, Qiwi, cashU
Types of AssetsForex, Spot Metals, CFDs, Crude Oil
Account CurrencyUSD, EUR, PLN
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Argus FX is one of the oldest brokerages found in Cyprus. The company owning the brand is Argus Stockbrokers Ltd. The company received its license from CySEC in 2003 and is a fully regulated Forex trading brokerage. The company is a member of CSE (Cyprus Stock Exchange) and ASE (Athens Stock Exchange). With its wide range of trading services, Argus FX offers more than 30 000 trading instruments for its clients from all over the world. Having over 15 years of experience in the Forex trading industry means that Argus FX has polished its trading features to perfection. While US traders are not allowed on the platform clients from most countries can join it (excluding Sudan, Belgium, Iran, Syria, Cuba and North Korea). The company is focusing on clients from Europe but have expanded their influence in Asia. With very tight spreads and excellent customer support, the Argus FX provides exceptional trading experience to its clients.

 

Trading Information

Currently, Argus FX offers two types of trading accounts, the Standard and the Pro. The Standard STP/ECN account allows retail and institutional clients to access deep liquidity pricing from top tier providers directly. There is no minimum deposit requirement to make a Standard. The leverage is flexible and allows traders to choose between 1:1 to up to 1:500 leverage. Spreads are variable and can go as low as 0.7 pips for EUR/USD. The average spread for majors is around 1.9 pips. There is no commission for this account type and hedging and scalping are allowed. The minimum transaction size is 0.01 lots. Next is the Pro STP/ECN account. It offers a lot of benefits such as lower spreads but has a leverage of 1:200. The minimum deposit requirement for this account is $200. Spreads are variable and can go as low as 0 pips for majors. The usual spread for EUR/USD is 0.3 pips. Hedging and scalping are again allowed. Both account types have a swap-free version for Islamic clients.

 

Trading Platforms

Argus FX has chosen the Metatrader 4 as their main platform, and this is not surprising at all. It’s one of the most stable platforms and has been around for over a decade. It’s practically bug-free and offers great trading features to both beginner and expert traders. It works with most devices and operating systems. The MT4 is suitable for Windows, Linux, and MAC OS. There is also a downloadable application in Google and Apple stores. The only downside of the MT4 is that there isn’t a Web Trader version and you’ll have to download and install it on your device. While many brokerages offer some Web Trader version, Argus FX doesn’t. The company also provides a MAM Platform where regulated traders with multiple accounts can manage them efficiently. An interesting option is the Argonaut platform. It’s a social platform where traders can share trading strategies and learn from professionals. This social trading network can be synchronized with your MT4 account.

 

Security and Customer Services

Argus FX offers one of the most secure trading experiences in the Forex trading industry. Their whole website has a secure SSL encryption which protects personal data. In addition to that, they have a segregated account option where clients’ funds are deposited in top tier banks and are kept separate from the company’s. The customer support is also top notch. There aren’t many reports or bad reviews from clients over the Internet. Customer support coverage is 24/5 as well as the personal account manager. Every client get one after joining the platform. There are plenty of ways to contact the customer support team. You can call them on the phone, send an email or chat with them on their Live Chat platform. Postal addresses for all of their offices are available on their Contact US page. You can also follow the company over the social media profiles in Facebook, Google+, Twitter and Linkedin. The website is translated into 8 major languages. The educational features of Argus FX are also impressive. Beginner traders can learn about Forex trading and receive email tips.

 

Deposits and Withdraws

Argus FX offers a lot of deposit methods you can choose. The usual bank transfer and credit/debit card options are available with some digital wallets also included. The minimum deposit amount is $50 or currency equivalent. Deposit processing times depend on the method chosen but usually, go from instant to a couple of days. There are some deposit fees which are carefully explained on their “Funding” page. To withdraw your funds, you can choose the same method you deposited them. Withdrawal charges may apply for some of the banking methods. The processing times for the withdrawals are usually one business day for digital wallets and up to 7 business days for bank wire and credit card transfers. Additionally, you can contact a company’s representative to ask them everything you need to know about the money transfers.

 

Deposit Bonus and Loyalty Programs
Unsurprisingly, Argus FX doesn’t offer any bonus offer or promotions at the time of writing this review. Usually, companies who have been in the industry for a while don’t need that type of marketing, because they already have a strong client base. There is some evidence that there have been promotions in the past, but for now, there aren’t any. If you’re looking for first deposit bonuses or competitions, you might as well look elsewhere.

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