Thinking of getting into business with Argon Trades? Here is what you must know about this broker. Carefully read this review to find out if argontrades.com is the trading platform you will want to trade with.
Table of Contents
About Argon Trades Broker
Argon Trades is an offshore brokerage company with a lot of promises for traders. The broker’s contact shows two locations, namely Luxembourg and USA.
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Here, the broker claims zero commission, CSSF regulated and fast order execution.
In spite the trading instruments Argon Trades claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
argontrades.com: Reasons to Avoid This Broker
Firstly, argontrades.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Commission de Surveillance du Secteur Financier (CSSF) does not recognize this broker.
Secondly, the broker claims its location in the US meaning it should be regulated and licensed by the CFTC and the NFA. But, reverse is the case with this broker as nothing show it has met the requirement to operate in the US.
More so, we noticed argon Trades.com has no demo account for traders. Since traders can’t test Argon Trades on a free account, we can’t know its viability in the forex market.
In addition, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Argon Trades withdrawal limit for any payment methods is said to be $50.
Also to know is the broker inactive account policy, a minimum fee is imposed on a dormant account of 6 months. Since the broker does not specify its fee, traders are to expect an unusual charge.
Minimum Deposit
Argon Trades minimum deposit is said to be $50 for all trading account.
As for the payment methods, we can make payment via Credit/ Debit card, Bank Wire Transfer, Neteller and more. But, you should not consider making any payment with this broker because it is a risk. So beware!
Argon Trades Platform
Argon Trades offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, there is no information provided. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argon Trades Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is argontrades.com a Reliable Broker?
No, argontrades.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
