Want to make money with binary options trading?
Need to decide is AGF Markets is a reliable broker?
A review of this online trading site reveals the benefits and dangers of investing with this binary company. Discover whether AGF Markets is a suitable destination for your online binary investments.
AGF Markets vs Top Brokers
In order to better evaluate the convenience of working with AGF Markets, it is important to understand what the leading binary options brokers are offering clients nowadays. This way, you will be able to compare their services and trading plans to those suggested by AGF Markets.
TopOption, the leading European broker, offers one very important item, and that is the absolute safety of your money. Fully regulated and licensed, this corporation is one of very few that has developed its own trading platform, thus creating a unique and safe environment for you to trade in. TopOption gives you the highest payouts in the binary industry, as well as an Educational Center and an online magazine considered the best and most complete. With expert financials advisors ready to assist you and a current promotion of a 100% cash bonus, this company is the most recommended destination for European traders.
OptionBit is another example of a broker that has unique offers which AGF Markets cannot currently match. This corporation, the largest binary options site for the French market, has developed Algobit, a high-technology signals service that scans stock markets, identifies and executes traders with high accuracy. Algobit is responsible for a marked increase in profitability for OptionBit users. The broker is regulated, and offer impeccable service in various languages.
RedWood Options is not comparable to AGF in the sense that while AGF Markets clearly target the French and Italian trader contingency, RedWood is a primarily American broker. One of the largest binary companies in the USA, it also has the largest video library available to its customers, with over 80 videos from which you can learn about trading strategies and risk management. In that sense, it gives you an idea of what measure of investment a serious broker is willing to make for its traders.
Meanwhile AGF Markets is slowly building the tools that can give clients an edge when choosing and executing their trades. Nonetheless, besides a modest education center, this binary options broker presents more immediate problems.
Is AGF Markets reliable?
One basic characteristic you should seek when choosing your financial institution is safety. Therefore, the issue of regulation is so pivotal. Depositing money with a binary broker that lacks a proper license is incurring in unnecessary risk. This is the main disadvantage of working with AGF Markets, and the focus of this review.
Nowadays there is a proper regulatory process for binary options companies in the European Union. The practical result of regulation is that the money you deposit is placed in a supervised account, and only the profits that are awarded to the broker can be withdrawn by the binary options company to a second account. The rest of the money, your investment, remains safe and under supervision.
This is especially true for companies that have ownership over their trading platform. Otherwise, the license can only partially cover your deposit. Meanwhile, AGF Markets offers no such guarantee, and on top of that functions as a white label company, leasing the services of a platform provider.
A a result, no matter how polite their customer service might be, or how diverse their asset index, it currently makes no sense to invest with AGF Markets, because there are other options which are clearly and substantially safer.
What is AGF Markets?
White label binary options brokers are common and constitute about 95% of all the companies in this field. A white label broker is basically a simple internet site. This site uses the platform provided by one of the software developers offering online trading interfaces. In the case of AGF Markets, it is one of the brands using the TradeSmarter software. This is the smallest company among those providing platforms to the binary options industry.
AGF was launched in mid 2013 and is therefore a new broker, which gives no indication to having prior experience handling an online trading site. Sadly, there is little to no significant information about the people who stand behind AGF Markets, as the About Us segment of the site provides no real information.
Owned by Agles Ltd, a company based in the United Kingdom, AGF markets nonetheless have had most of their success outside the UK, primarily in France and Italy. The site is available in 4 languages, with Russia being the other country targeted by this new company.
Asset Index and Payouts
AGF Markets offer a very limited index of stocks, commodities, indices and currencies. Binary options trading is speculative and very dynamic. Identifying the next trade opportunity is a key factor in your success, and when the asset that might bring in the profits is not available in your trading platform, the odds of success diminish.
That is why the asset list of a broker is so important, and that is also the reason why AGF Markets are in a serious disadvantage when comparing their index to that of their main competitors.
In addition to this lack of diversity, the payouts offered are slightly below average. This is not a significant problem, because the return on investment of binary trading will always be very high for those who can maintain a high and consistent level of accuracy. Yet it is one more topic where AGF Market fail to provide a reason to choose them over more experienced and reliable brokers.
AGF Markets Review – Summary
- AGF Markets is a relatively new and inexperienced binary options broker
- This company focuses on the Italians and French market predominantly
- The site is also available in Russian, an emerging country in terms of binary trading
- AGF Markets is not regulated and therefore is not a safe choice
- Always select licensed binary options brokers which are supervised by a serious financial authority
- The AGF Markets site does offer some educational material and tutorials
- It is too early to evaluate whether this instructional tools have improved the results of traders