AGX ZEN – an outstanding broker with multiple offices worldwide. It promises traders that they will find the best trading conditions on its platform, and their funds will be in enhanced security. In the contact details, the company indeed provides addresses for several branches in different countries. However, in reality, it turns out that the firm is not registered in any of the specified jurisdictions. Additionally, no licenses have been found. Claims of high professionalism also seem dubious, considering that the company’s website was only created in 2023. What do we have here? A top-notch broker or just a project that desperately wants to appear as one? We’ll try to provide an answer in our review.
How to Trade
To start trading on the platform, you need to open a real account with AGX ZEN. They offer three types of accounts, each with a different name and minimum deposit amount:
- Mini – $2,500.
- Green – $5,000.
- Premium Account – $25,000.
In the FAQ section, AGX ZEN provides other data, stating that trading can be initiated with $240, and the maximum leverage can go up to 1:400. Notably, there are no demo accounts available, and the broker keeps the spread sizes undisclosed. The details of additional services offered to clients also remain unclear.
AGX ZEN Vital Info
According to contact information, the company claims to have a presence in at least six countries. However, it’s strange that in the documents, it does not specify its main jurisdiction or the name of the managing firm. Verification across all registries mentioned on the website indeed shows that AGX ZEN is not listed as a legal entity in any of them.
Another evident drawback is its operational history. No matter how AGX ZEN praises itself, in reality, it has yet to establish a significant presence. According to the Whois domain service, the official domain was registered in September 2023. This means that its actual operational history does not exceed a mere six months. Naturally, such a broker cannot be considered reliable at this point.
Highlighting the positives of AGX ZEN can take a very long time. I'll briefly mention the aspects that I liked. These include low spreads decreasing from tariff to tariff, various account types, and excellent additional services like personal manager assistance and high-yield signals. In short, it's an excellent, simple trading platform that offers prompt fund withdrawals.
I suspect that these scammers are deceiving people through phone calls, just like in the good old days. Either the victim willingly leaves their number when registering on the AGX ZEN site (which I strongly advise against doing), or their phone number is already leaked and stored somewhere in the database of potential "clients." Subsequently, the scammers make phone calls to dupe individuals into parting with their money, offering them fake broker services. There is no other option. Because I tried registering to see how this dubious operation is structured from the inside. To deposit funds, you first submit an application, and then, apparently, a manager contacts you. At least, that's how it happened for me. I entered the amount and clicked next. They informed me that my application was registered. That's it. But since I'm a savvy person and provided a fake phone number and email, I still don't know if they'll call or write to me, but I suspect they'll call. Otherwise, how does this scam manage to swindle people out of their money? So, my friends, if a representative of AGX ZEN calls you – it's a reason to hang up and not engage with such individuals. Trust me, reliable, serious, and especially honest broker companies don't make the first call. They haven't done so for a long time. They have other methods of advertising and attracting clients. Only scammers resort to this approach because they can't launch proper advertising, as they are fraudsters. So, there's only one way out – scamming people through phone spam calls, which swindlers from AGX ZEN are successfully doing. So, firstly, don't leave your number where it's not necessary. And secondly, if they did call/write to you, don't engage. Don't waste your time on pathetic people. They can stage everything to appear as experienced analysts and professionals. There will be a noisy office in the background. The person communicating with you will be polite and knowledgeable in finance. Those are experienced fraudsters. They will deceive you 100%!!!!!!!!!!!!!! Be cautious.
I can't say anything good about a broker, which requires a minimum deposit of $2,500 but doesn't have a broker license. What's the point of trading with an illegal company like AGX ZEN that also asks for a huge minimum deposit? I'd rather trade with a broker that has 10+ licenses, has been in business for 20+ years, and requires only a $10 minimum deposit. In my opinion, this is nonsense, not a broker. Moreover, there's no demo account here. So, as a new trader, I can't just open a demo account to test the platform and see if it suits me.
No matter how many times I request withdrawals, the broker, firstly, consistently processes and approves them, and secondly, there's no long waiting period. The withdrawal request is handled very quickly and smoothly, like clockwork. The only thing you'll need to go through is the verification process, which, by the way, is also checked swiftly, and the procedure itself isn't complicated. In general, with AGX ZEN, I haven't encountered any errors or problematic issues.
It's not even clear what the company is called. The real name seems to be AGX ZEN, but the site is called agxtrd.com for some reason. Moreover, I didn't find anything about this firm at the specified addresses. By the name, it gave me a bunch of links with reviews, but not with legal data. Checking licenses doesn't make any sense, as the company doesn't even talk about regulation. The scammers also decided to hide the operating period. But judging by the fact that the domain was registered at the end of 2023, the project has existed for a couple of months, no more.
Oh come on guys. A half-empty website and unclear trading conditions. Isn't it obvious to you that agx zen is a scam?
Are there really people willing to invest their hard-earned money here? I'd just laugh if I saw such a site, and then successfully shut it down. And why hasn't FCA blocked AGX ZEN yet?
The AGX ZEN site is poorly made. No proper designer or copywriter, I think. It's clear they did it "on the cheap." Maybe they just copied it from another scam, made a few adjustments, and quickly launched it to rip off unsuspecting traders. So, I strongly advise against depositing money here. It's evident that the broker is fake and scammy. There are many drawbacks. AGX ZEN operates as a boiler room, meaning it doesn't execute trades on the interbank and doesn't engage in hedging. There's no regulation, even though there should be 100%. No demo account, and you have to invest a large sum of money right away.
I made a small deposit and my acc manager then placed a few trades which was profitable. I then tried to withdraw the funds and total silence from them. I am being ghosted. Can anyone pls help?
This Company scammed me out of R18000.00 on 16 March 2024
This is a big SCAM!!!
If anyone needs more info, you are welcome to contact me.