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General Information
Registered In Seychelles, ArgoTrade Is A Forex Broker With Easy Access To The Huge Financial Marekt, Forex, Stocks, Indices, Bonds, Cryptocurrencies, Commodities, ETFs
Market Tools
ArgoTrade Says It Provides Access To The Large Financial Marekt. Different Types Of Trading Instruments, Such As Forex, Indices, Commodities, Bonds, ETFs, Stocks, Indices, Are Available Through This Brokerage Platform.
Account Types
ArgoTrade Offers Five Types Of Trading Accounts For Retail And Professional Traders, Namely Micro, Silver, Gold, Platinum And Exclusive. The Micro Account Is Designed For Beginners Or Traders Just Starting Out In Forex Trading And Requires An Initial Deposit Of $100, Which Is Higher Than What Most Legitimate Forex Brokers Require For Such Accounts.
The Other Four Trading Accounts Require Even Higher Deposits, Starting At $2,000 For Silver Accounts, $10,000 For Gold Accounts, $50,000 For Platinum Accounts, And $100,000 For Exclusive Accounts.
Leverage
In Terms Of Leverage, Argo Trade Allows Its Clients To Use Leverage Of Up To 1:300, Higher Than Many Regulators Deem Appropriate. The Maximum Leverage For Major Forex Is As High As 1:30 In Europe And Australia, And 1:50 In Canada And The United States
Since Leverage Can Amplify Gains And Losses, It Can Also Lead To Serious Losses In Capital, Especially For Inexperienced Traders. Therefore, It Is Wise For Beginners To Choose A Smaller Size Of No More Than 1:10 Before Gaining More Trading Experience.
Spreads And Commissions
Spreads And Commissions Are Closely Related To The Type Of Account. With A Micro Account, Spreads For The EUR/USD Currency Pair Start From 3 Pips, Which Is Quite Wide Compared To Industry Standards.
Basically, The More Account Balances You Hold, The Smaller The Spread You Can Enjoy.
Trading Platform
ArgoTrade Provides Access To The Mt5 Trading Platform And Webtrader. The Mt5 Trading Platform Allows One-click Operation Of Opening And Closing Trades, Setting Stops And Entry Limits, Placing Orders Directly, Setting And Editing Limits And Stops, And Charts.
Payment Methods
The Minimum Deposit For Investing In ArgoTrade Is $100. The Broker Says It Allows Its Clients To Make Deposits And Withdrawals Through A Variety Of Payment Methods, Including Visa, Mastercard, Skrill, Neteller, Discover, Maestro, And More.
Risk Tips
Trading Leveraged Products Such As Foreign Exchange, Cryptocurrencies, And Derivatives May Not Be Suitable For All Investors, As They Pose A High Level Of Risk To Your Capital. Considering Your Investment Objectives And Level Of Experience, Please Ensure That You Fully Understand The Risks Involved.
The Information Provided In This Article Is For Informational Purposes Only.
