ArgusFX Review - What to expect from the broker
ArgusFX is a true STP Broker, the company is licensed in Europe by the CySEC and is in the register of several European financial institutions. ArgusFX features CFDs on stocks, forex, futures, spot metals. The average spread is for EUR/USD 1.8 pips*, the minimum deposit is not restricted, which means you can deposit whatever amount you would like. The ArgusFX website is available in English, German, Greek and Arabic.
What do we cover in our ArgusFX Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Basic information about the broker
- Website address: argusfx.com
- Leverage: up to 1:30
- Instruments: CFDs - Stocks, forex, futures, spot metals
- Minimum deposit: $0 (accounts held in USD, EUR, PLN or GBP)
- Demo account: Yes, free of charge.
- Methods of deposit and withdrawal: Credit Card/Debit Card, bank transfer, Skrill, Neteller, QIWI, Yandex Money, Sofort
ArgusFX Trading Platform
For FX and CFD trading, ArgusFX offers MT4. A popular trading platform used for executing trades, analyzing financial markets and automated trading. MT4 can be downloaded to any computer (free of charge) or can be accessed via just a web browser or a mobile application.
As any other CFD broker, ArgusFX charges a spread fee. For the most current spread charges, please visit the ArgusFX.eu website. Here is a spread comparison table that contrasts ArgusFX spreads with popular industry competitors.
*Average spreads recorded on 04.06.2019 at 15:25 GMT, data were taken from the website of the broker for the Standard STP account. **Minimum Spreads recorded on 18.8.2023 at 11:26 GMT from the website of the broker.
ArgusFX regulationArgusFX Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 334/17.
The CySEC regulation gives ArgusFX the right to provide cross-border services to other members of the European Economic Area.
To sum up the ArgusFX Review
ArgusFX is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF License Number 334/17. Broker has quite competitive spreads, but most of them still do not match the offer of TOP CFD brokers. The company, however, has in its sleeve special offer for certain types of traders who can benefit from Free VPS or MAM and Argonaut platforms.
Be aware that ArgusFX charges a significant deposit and withdrawal fee for certain payment methods. For instance, there is a withdrawal fee of 1.8% on the withdrawal amount when using Skrill, Neteller or Credit Card/Debit Card. So, definitely check out their funding account page before you make a deposit via a certain payment method so you would know what fees might be charged to you.
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