WikiFX Review: Something You Need to Know About AGL

In today‘s article, we focus on a broker called Abans Global Limited. You may hear of this broker before but there is still something you should know. If you are seeking a broker that can enhance your trading result or try to learn something from others’ experiences through a broker review. This article may help.

About AGL

ABans Global Limited, AGL, is an online forex broker registered in the United Kingdom. This broker offers clients trading services for more than 10 years. The physical address of AGL is 35 New Broad St, London EC2M 1NH, 208 Uxbridge Road, Shepherds Bush, London W12 7JD.

Regulation

AGL is a regulated broker. AGL is regulated by FCA with license number 580056. A regulated broker is more reliable compared to an unregulated broker. It is restricted by the law. WikiFX has given this broker a decent score of 6.96/10.

Account Types

This broker offers three types of accounts, they are Standard account, Professional account, and VIP account. The minimum deposit for a VIP account is $50000. The minimum deposit for a Professional account is $5000, and the minimum deposit for a standard account is $500.

Leverage

AGL provides traders with leverage up to 1:200. High leverage can amplify both benefits and losses. Newbies and inexperienced traders need to be aware of the risk.

Exposures

The WikiFX score has been reduced because recently, WikiFX has received more than 25 complaints against this broker. Many traders claimed that they cannot withdraw their money from their accounts. Some victims even told WikiFX that “the AGL business manager deceived and induced clients.”. We remind all traders that it is important to have a comprehensive understanding of this broker before making a decision.

Trading Platform

Unlike other brokers, AGL uses its own trading system called FIX API. FIX API is based on the FIX protocol, which allows users to communicate directly with AGL's server through FIX messages.

Conclusion

Although AGL is a regulated broker with a decent score, we cannot recommend this broker as a safe broker to invest in. Instead, many people accuse this broker of withdrawal problems that weaken the trust of the investors. We advise you to do more research and take other traders feedback seriously. Or you can seek another broker on WikiFX as an alternative.