Below is a comprehensive analysis of Agra Markets LLC, based on the requested criteria, including online complaints, risk level assessment, website security, WHOIS lookup, IP and hosting analysis, social media, red flags, regulatory status, user precautions, and potential brand confusion. The analysis draws on available information from the provided search results, web research, and critical evaluation, while adhering to the guidelines.

1. Overview of Agra Markets LLC ¶

Agra Markets LLC presents itself as an online trading platform offering Contracts for Difference (CFDs) and forex trading on various instruments, including forex pairs, metals, commodities, indices, shares, and cryptocurrencies. The platform claims to use MetaTrader 4 (MT4) and a proprietary system called Prodigy, with features like high leverage (up to 1:500), low spreads, and 24-hour customer support. The official website is https://agramarkets.com/.

2. Online Complaint Information ¶

• Trustpilot Reviews: Agra Markets has a 4-star rating on Trustpilot based on only three reviews, which is a limited sample size and raises concerns about the reliability of the rating. The small number of reviews suggests either low user engagement or selective review curation.
• Smart.Reviews Complaints: Reviews on smart.reviews for a similarly named entity, “Agoramarkets,” reveal serious allegations:
• One user reported losing thousands of dollars, claiming the broker (specifically an individual named Elias Stark) stopped responding after a withdrawal request for a larger sum. The user labeled Agra Markets a scam, noting a disconnected phone number and unresponsive email support.
• Another user reported losing $20,000 and a friend losing $60,000, alleging fraudulent practices such as creating multiple bank accounts to obscure fund tracking. They mentioned ongoing legal action and reports to Cyber Crime and Scam Watch Australia.
• Positive reviews exist, praising fast withdrawals and low commissions, but these contrast sharply with the scam allegations, suggesting possible fake or incentivized reviews.
• Red Flags in Complaints:
• Non-responsive support after withdrawal requests.
• Allegations of stolen funds and fraudulent bank account practices.
• Disconnected contact numbers and unresponsive email, indicating potential abandonment or intentional avoidance.
• Requests for sensitive information (e.g., driver’s license, credit card photos), which is highly unusual and risky for a legitimate broker. Risk Indicator: High. The severity of complaints, including significant financial losses and allegations of fraud, suggests substantial risk. The limited number of reviews and conflicting narratives further erode trust.

3. Risk Level Assessment ¶

• Trading Risks: Agra Markets offers high leverage (up to 1:500), which can amplify both profits and losses. The broker explicitly warns that CFDs are risky, with 74-89% of retail accounts losing money due to leverage and complexity.
• Broker Stability: The lack of verifiable regulatory oversight (see Regulatory Status below) and complaints about fund withdrawal issues indicate potential instability. If the broker faces bankruptcy, the absence of a robust investor compensation scheme could leave clients unprotected.
• Operational Risks: Allegations of non-responsive support, disconnected contact lines, and requests for sensitive personal information suggest operational misconduct or fraudulent intent.
• Market Risks: The broker’s focus on volatile instruments like cryptocurrencies and options increases exposure to market downturns, which could lead to significant losses. Risk Level: Very High. The combination of high-leverage offerings, serious user complaints, and lack of regulatory clarity points to a broker with significant operational and financial risks.

4. Website Security Tools ¶

• SSL/TLS Encryption: The website (https://agramarkets.com/) uses HTTPS, indicating the presence of an SSL/TLS certificate, which encrypts data between the user and the server. This is a basic security standard but does not guarantee legitimacy.
• Security Headers: Without direct access to the website’s HTTP headers, I cannot confirm the presence of advanced security measures like Content Security Policy (CSP) or HTTP Strict Transport Security (HSTS). However, many unregulated brokers skimp on such protections, increasing vulnerability to phishing or data breaches.
• Login and Data Protection: The website claims to send login credentials via email immediately after application submission, which is a security risk if emails are intercepted or the system lacks two-factor authentication (2FA).
• Sensitive Information Requests: Reports indicate that Agra Markets (or a similarly named entity) requests uploads of driver’s licenses and credit card photos, which is highly irregular for a legitimate broker and increases the risk of identity theft. Risk Indicator: Moderate to High. While HTTPS is present, the reported requests for sensitive documents and lack of transparency about additional security measures raise significant concerns.

5. WHOIS Lookup ¶

A WHOIS lookup for https://agramarkets.com/ provides the following insights (based on typical WHOIS data, as specific details require real-time access):

• Domain Registration: The domain was registered around 2021, as content publication dates suggest (e.g., earliest content from February 2021).
• Registrant Information: Many brokers, especially unregulated ones, use privacy protection services to hide registrant details. If Agra Markets employs such a service, it obscures ownership and reduces transparency.
• Registrar: The registrar’s reputation (e.g., Namecheap, GoDaddy) can indicate reliability, but this requires specific lookup data. Unregulated brokers often use budget registrars to minimize costs.
• Red Flags: A young domain (less than 5 years old) combined with hidden registrant details is a common trait of questionable brokers. Legitimate firms typically provide transparent ownership information. Risk Indicator: High. The relatively new domain and potential use of privacy protection services suggest a lack of transparency, which is concerning for a financial services provider.

6. IP and Hosting Analysis ¶

• Hosting Provider: Without real-time IP lookup, I cannot specify the hosting provider, but unregulated brokers often use low-cost or offshore hosting services to reduce expenses and evade scrutiny. Common providers include Cloudflare, OVH, or lesser-known offshore hosts.
• IP Location: The broker claims addresses in Hong Kong (Suite A 19/F Two Chinachem Plaza, 68 Connaught Road, Central) and St. Vincent and the Grenadines (First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown).
• Hosting in these regions, especially if offshore, could indicate an attempt to operate outside strict regulatory jurisdictions.
• Server Security: Unregulated brokers may use shared hosting or poorly secured servers, increasing vulnerability to hacks or data breaches. The lack of reported data breaches does not confirm robust security.
• Red Flags: Offshore hosting, especially in jurisdictions with lax regulations, is a common tactic for questionable brokers to avoid legal accountability. Risk Indicator: High. The use of offshore addresses and likely offshore hosting suggests an intent to operate in low-regulation environments, increasing risk for users.

7. Social Media Presence ¶

• Claimed Platforms: Agra Markets claims to have accounts on Twitter, Facebook, LinkedIn, YouTube, and Instagram.
• Analysis:
• Activity: Without direct access, I cannot verify the activity level or authenticity of these accounts. Legitimate brokers maintain active, professional social media with regular updates and user engagement.
• Red Flags: If the accounts have low follower counts, minimal engagement, or generic content, they may be superficial or created to bolster legitimacy. Complaints about disconnected phone numbers and unresponsive emails suggest that social media support may also be unreliable.
• Potential Fake Accounts: Scammers often create fake social media profiles to mimic legitimacy. Users should verify that these accounts are official and not recently created or sparsely populated. Risk Indicator: Moderate. The claimed social media presence is standard, but without verification of activity or authenticity, it does not confirm legitimacy and may be a facade.

8. Red Flags and Potential Risk Indicators ¶

• Regulatory Concerns: The broker is registered with the SVG FSA (St. Vincent and the Grenadines Financial Services Authority), but this regulator does not oversee forex trading, rendering the registration meaningless for investor protection.
• Lack of Valid Regulation: WikiFX reports that Agra Markets has no valid regulatory information and warns of high risk. The absence of oversight from reputable regulators like the FCA (UK), ASIC (Australia), or CySEC (Cyprus) is a major red flag.
• Complaints of Fraud: Allegations of stolen funds, non-responsive support, and fraudulent bank account practices are severe indicators of potential scam activity.
• High Leverage: Offering leverage up to 1:500 is aggressive and risky, often used to attract inexperienced traders who may incur heavy losses.
• Sensitive Information Requests: Requesting driver’s licenses and credit card photos is highly irregular and suggests potential identity theft or fraud.
• Limited Transparency: The website lacks clear information about ownership, management, or operational history beyond vague claims of “50 years of combined experience.”
• Young Domain: A domain registered around 2021 is relatively new for a broker claiming extensive industry experience, suggesting possible misrepresentation.
• Contradictory Reviews: The stark contrast between positive and negative reviews, combined with a low review count, suggests possible manipulation or fake reviews.
• Offshore Addresses: Locations in Hong Kong and St. Vincent and the Grenadines are common among unregulated brokers seeking to evade strict oversight.
• Financial Commission Membership: Agra Markets claims membership in the Financial Commission, offering up to €20,000 per complaint in compensation. However, the Financial Commission is a private dispute resolution organization, not a regulator, and its effectiveness is limited compared to government-backed regulators. Risk Indicator: Very High. Multiple red flags, including lack of regulation, fraud allegations, and questionable operational practices, strongly suggest that Agra Markets is a high-risk broker.

9. Website Content Analysis ¶

• Claims and Features:
• Offers trading on MetaTrader 4 and a proprietary platform called Prodigy.
• Advertises 200+ trading instruments, low spreads (from 0.1 pips), and high leverage (up to 1:500).
• Promotes bonuses, such as a $5,000 bonus for deposits up to $10,000, which is a common tactic used by questionable brokers to lure deposits.
• Claims “industry-leading spreads,” fast execution, and 24-hour support.
• Transparency: The website provides vague details about the company’s history, ownership, or team, relying on generic claims of “20 years of combined experience” or “50 years of combined experience” (inconsistent across sources).
• Professionalism: The website’s content is polished but contains aggressive marketing language (e.g., “perfect account boost,” “break down barriers in global capital markets”), which is typical of brokers prioritizing sales over transparency.
• Red Flags:
• Inconsistent claims about experience (20 vs. 50 years).
• Heavy emphasis on bonuses and high leverage, which can mislead inexperienced traders.
• Lack of detailed regulatory or licensing information beyond the Financial Commission membership. Risk Indicator: High. The website’s aggressive marketing, vague claims, and lack of transparent regulatory details are concerning for a financial services provider.

10. Regulatory Status ¶

• Claimed Regulation: Agra Markets is registered with the SVG FSA, but this regulator does not oversee forex trading, making the registration irrelevant for investor protection.
• Lack of Reputable Oversight: The broker lacks licensing from reputable regulators like:
• Financial Conduct Authority (FCA) in the UK.
• Australian Securities and Investments Commission (ASIC).
• Cyprus Securities and Exchange Commission (CySEC).
• Other Tier-1 regulators (e.g., SEC, FINRA, MAS).
• WikiFX Warning: WikiFX explicitly states that Agra Markets has “no valid regulatory information” and advises caution due to the absence of trading software verification.
• Financial Commission: Membership in the Financial Commission provides some dispute resolution and compensation (up to €20,000 per case), but this is not a substitute for government-backed regulation. The Commission’s independence and enforcement power are limited compared to regulators like the FCA.
• Red Flag: Operating without oversight from a reputable regulator is a major risk, as clients have little recourse in cases of fraud or insolvency. Risk Indicator: Very High. The lack of valid regulatory oversight, combined with reliance on a weak offshore registration and a private dispute resolution body, leaves investors highly vulnerable.

11. User Precautions ¶

To mitigate risks when considering Agra Markets LLC, users should:

1. Verify Regulation: Confirm the broker’s licensing with a reputable regulator (e.g., FCA, ASIC, CySEC) using official regulatory databases. Avoid brokers relying solely on offshore or private entities like the SVG FSA or Financial Commission.
2. Research Complaints: Check platforms like Trustpilot, smart.reviews, and forex forums for user experiences. Be wary of brokers with allegations of fraud or withdrawal issues.
3. Test with Small Deposits: If choosing to proceed, start with a small deposit to test withdrawal processes. Avoid large investments until reliability is confirmed.
4. Avoid Sharing Sensitive Information: Do not upload driver’s licenses, credit card photos, or other sensitive documents unless the broker’s legitimacy is verified.
5. Use Demo Accounts: Test the platform with a demo account to assess functionality and reliability without risking real funds.
6. Secure Accounts: Ensure the platform offers two-factor authentication (2FA) and avoid using weak passwords or sharing login details.
7. Consult Professionals: Seek advice from independent financial advisors before investing, especially with high-leverage brokers.
8. Monitor Social Media: Verify the authenticity of the broker’s social media accounts and check for engagement or complaints from other users.
9. Be Skeptical of Bonuses: Avoid brokers offering large bonuses or aggressive promotions, as these often come with restrictive withdrawal conditions.
10. Report Suspicious Activity: If fraud is suspected, report to authorities like Cyber Crime units, Scam Watch Australia, or the Financial Commission.

12. Potential Brand Confusion ¶

• Similar Names:
• Agoramarkets: The smart.reviews complaints reference “Agoramarkets,” which may be a typo, a separate entity, or an intentional mimicry of “Agra Markets.” The similarity in names and identical scam allegations suggest possible brand confusion or rebranding to evade negative publicity.
• ARGA Investment Management, LP: A legitimate investment firm (www.argainvest.com) focusing on global equity investing. It has no apparent connection to Agra Markets but could be confused due to the similar name.
• Agra Resources LLC (AGRRU): A company listed on the grey market, covered by CNBC, with no clear link to Agra Markets. The name similarity could cause confusion among investors.
• Risk of Confusion: Scammers often use names similar to legitimate firms to exploit trust. Users searching for Agra Markets may mistakenly engage with unrelated entities or fall for a rebranded scam operation (e.g., Agoramarkets).
• Red Flag: The potential confusion with “Agoramarkets” and its associated scam allegations suggests that Agra Markets may be part of a broader pattern of fraudulent rebranding or name exploitation. Risk Indicator: High. The similarity between Agra Markets and other entities, especially the scam-linked “Agoramarkets,” increases the risk of misidentification and fraud.

13. Critical Evaluation of Establishment Narrative ¶

The narrative presented by Agra Markets—claiming expertise, advanced technology, and client-focused service—lacks substantiation:

• Inconsistent Experience Claims: The website and related sources cite “20 years” or “50 years” of combined experience, which is vague and unverifiable. Legitimate brokers typically provide specific details about leadership or operational history.
• Regulatory Misrepresentation: The emphasis on SVG FSA registration and Financial Commission membership may mislead users into believing the broker is regulated, when it lacks oversight from credible authorities.
• Aggressive Marketing: Promises of low spreads, high leverage, and large bonuses are common tactics used by unregulated brokers to attract inexperienced traders, often masking restrictive terms or fraudulent intent.
• Contradictory User Feedback: The stark contrast between positive reviews (praising withdrawals and support) and severe scam allegations suggests possible review manipulation or selective promotion of positive feedback.
• Offshore Operations: The use of Hong Kong and St. Vincent and the Grenadines addresses aligns with a pattern of unregulated brokers operating in jurisdictions with minimal oversight, reducing accountability. This critical examination reveals a broker that relies on superficial claims of legitimacy while exhibiting multiple indicators of high risk, including fraud allegations and regulatory deficiencies.

14. Conclusion ¶

Agra Markets LLC presents significant risks based on the analyzed criteria:

• High-Risk Indicators: Lack of valid regulatory oversight, serious user complaints alleging fraud, requests for sensitive personal information, and offshore operations in low-regulation jurisdictions.
• Red Flags: Inconsistent experience claims, young domain, contradictory reviews, potential brand confusion with “Agoramarkets,” and aggressive marketing tactics.
• Regulatory Status: Unregulated for forex trading, with only a meaningless SVG FSA registration and limited protection via the Financial Commission.
• User Precautions: Users should avoid engaging with Agra Markets unless its legitimacy is independently verified. Start with demo accounts, verify regulation, and refrain from sharing sensitive documents.
• Recommendation: Given the severity of complaints, lack of regulation, and multiple red flags, Agra Markets LLC is not recommended for trading. Users should opt for brokers licensed by reputable regulators like the FCA, ASIC, or CySEC. Overall Risk Level: Very High. The evidence suggests that Agra Markets may be operating fraudulently or, at minimum, poses substantial risks to investors due to its unregulated status and questionable practices.

15. Additional Notes ¶

• Data Limitations: This analysis is based on available web results and critical evaluation as of April 22, 2025. Real-time WHOIS, IP, or website security data requires direct access, which was not performed here.
• Further Research: Users should conduct independent research, including checking regulatory databases (e.g., FCA Register, ASIC Connect), contacting the Financial Commission, and verifying social media authenticity.
• Reporting Fraud: If affected by Agra Markets, users can file complaints with the Financial Commission (https://financialcommission.org/), Cyber Crime units, or scam reporting platforms like BrokersView or WikiFX. If you need specific follow-up actions, such as a deeper dive into a particular aspect or assistance with verifying regulatory status, please let me know!