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AGEA Review


AGEA is an international financial company specializing in providing online Forex trading services. AGEA offers two platform options, each of which offers its own set of highlights. The company also offers more than one account type, working to ensure that traders are provided with the type of services that will most help them to meet their financial goals. AGEA International AD is regulated by the Commission for Capital Markets, formerly the Securities and Exchange Commission of Montenegro. Regulation of companies in the Republic of Montenegro is based on the Markets in Financial Instruments Directive (MiFID).

Account Types

As mentioned above, this broker does offer more than one account type. Clients are free to choose between Cent, Standard, and Islamic accounts. The balance limits on the Cent account are $6 to $5,000 and no commissions are charged. The leverage on the Cent account starts at 1:100, but can climb as high as 1:500. The Standard account is also commission free, requiring a $100 minimum deposit. The maximum leverage on the standard account is 1:200. By default, no swap fees are charged on any account type (Islamic or non-Islamic) when the Streamster trading platform is used. However, these costs will apply when the MT4 trading platform is used.


Each client will be able to choose between the Streamster and MetaTrader 4 trading platforms. Most traders are quite familiar with MetaTrader 4, so we spent some time investigating the Streamster platform on your behalf. What we discovered is that Streamster is an easy to use trading platform that is suitable for all traders. The Streamster platform has its own API for algorithmic trading and features an international multi-channel chat which permits traders to speak with support agents in real-time. Streamster is unique in that it offers both demo and live trading using the same trading account. Furthermore, Streamster provides an integrated Account Center that makes it possible for traders to carry out most administrative tasks, such as funds transfers and deposits and withdrawals.

The specifications shown below apply exclusively to the Streamster platform.

MetaTrader 4 is the preferred platform of many, offering the necessary tools and resources to completely analyze price dynamics of various assets, carry out trade transactions and create and utilize automated trading programs (EAs). MT4 offers several chart time-frames and numerous built-in indicators that help to make analysis as easy as possible. Determine trends, define various shapes and identify entry and exit points all within MT4. The platform has its own programming language, MQL4, which is specifically designed for trading. The built-in editor and compiler provides users with access to a contributed free library of EAs, custom indicators and scripts, making it excellent for algorithmic trading.

The specifications shown below apply exclusively to the MetaTrader 4 platform.

If there is a drawback in the platforms area, it would be that both are offered in software version only. Both will require a download and both are designed for use with the Windows operating system. It is assumed that traders who opt to use the MT4 platform should still be able to use the MetaTrader app by selecting either the live trading platform server (mt4.agea.com) or demo server (mt4-demo.agea.com) and then entering their login details.


The maximum leverage offered is 1:500, but both the Cent and Standard accounts start with a 1:100 setting by default. Note that the 1:500 maximum strictly applies to the Cent account, as the maximum on the Standard account is 1:200. If you prefer to utilize a smaller leverage ratio, you can either request a change with the help of customer support, or make the change within your own back office account. The lowest leverage setting for either account type is 1:1.

Trade Sizes

There may be some confusion with regard to trade sizes, as the site lists 1,000 (lots?) as the starting trade size. In actuality, the smallest allowed contract size is 0.01 pips, so micro trading is possible. The maximum trade size is shown on the site as being 1,000,000, but elsewhere we discovered limits specific to the Streamster trading platform. Those limits were as follows:

  • Trade Sizes: 1+
  • Position Limits: Maximum 50 open positions per desk type (200 in total)
  • Volume Limits: Maximum USD 1,000,000 or equivalent in open positions
  • Trading Limits: Minimum 3 pips for target levels

As for the MetaTrader 4 platform, please see the information listed below. Should you have any questions or concerns regarding trade sizes, please do reach out to the AGEA support team prior to opening an account.

  • Position Limits: Maximum 200 open positions
  • Volume Limits: None
  • Trading Limits: Minimum 3 pips for target levels

Trading Costs

No commission is charged on each trade, a fact which isn’t extremely uncommon within the industry. With that being said, the fact that AGEA has opted to not charge any swap fees when their proprietary trading is used. Now, if you do opt to use the MT4 platform, these charges will apply, so keep this in mind. With no commission charges and no rollover charges, that only leaves the spread for this FX broker to profit from, so do pay special attention to their spreads. You can expect that they will be somewhat higher than those of brokers who assess commissions and other fees, but as you will discover in the ‘Spreads’ area below, they really are not all that bad.


The AGEA asset list is heavily weighted with currency pairs, with just a few additional asset types sprinkled in. The one asset group that is missing is stocks, so if you do often trade with this asset type, you would need to look elsewhere.

The asset list includes the following numbers of assets:

  • 62 Currency Pairs
  • 6 Indices
  • 8 Funds
  • 6 Commodities

Within the ‘Instrument Profiles’ area of the broker’s website, current and prospective clients can search through the asset list to find additional information. By clicking on ‘Specifications & Data’, one can access additional details about each of the underlying assets, including derivative type, current status, which platform(s) the asset can be found on, and more.


All three account types will feature variable spreads. The average spread is stated to be 1 pip, but of course variable spreads are continually changing along with market conditions. The choice of account type makes no difference here, as all clients will be accessing the same spreads. To see specific spreads for various underlying assets, consider creating a demo account. AGEA is one of only a few brokers that offers demo trading conditions that completely match the trading conditions within their live platforms.

Minimum Deposit

There is no minimum deposit requirement for the Cent account. Although for some reason, the broker has it listed as $6 within the account details area. This is likely due to the fact that AGEA offers a free $5 bonus once a new live account is verified (your ID and address documents have been submitted, reviewed, and approved) and then add $1 under the assumption that the client will make at least some deposit into their account. As for the Standard account, they as for a $100 minimum, which is truly not that high or outrageous. Most traders need at least this much in their account to get started without facing lots of limitations.

Deposit Methods & Costs

AGEA does an excellent job of providing their clients with plenty of deposit methods. They do not charge any deposit fees, regardless of payment method, so the costs you’ll see below refer to the average costs assessed by the specified payment processor. You can always check with your payment services provider to learn about the costs of sending funds from your accounts.

The following is a complete list of accepted payment methods and anticipated costs:

  • Credit Cards: 3.5% + USD 0.50 or 3.5% + EUR 0.30
  • Local China Banks / UnionPay: 1.20%
  • Fasapay: 0.50%
  • Skrill: 2.5% + USD 0.37 + 0.5% or 2.5% + EUR 0.35 or 2.5% + GBP 0.3
  • Neteller: 1.9% + USD 0.29 (Minimum USD 1.29) or 1.9% + USD 0.29 + 0.5% (Minimum USD 1.29 + 0.5%) or 1.4% + 0.29 equivalent of USD for other currency
  • PerfectMoney: 0.50%
  • WebMoney: 2.50%
  • QIWI: 5%
  • Payza: 3.9% + USD 0.59
  • RBK Money: 3.50%
  • DixiPay: 0.50%
  • E-Dinar: 1%
  • Epay: 0%
  • AliPay: 2.2%
  • Local Banks in Malaysia, Indonesia, Thailand and Vietnam: 2.8%

Withdrawal Methods & Costs

AGEA does charge a $7 withdrawal fee on all payment methods, with the exception of wire withdrawals, which cost $14. Although completely free withdrawals would clearly be better, these costs are minimal. The costs listed below are the available withdrawal methods and anticipated charges that will be assessed by the payment processor (not AGEA).

  • Credit Cards: 2.5% + USD 7.50 or 2.5% + EUR 6.50
  • Local China Banks / UnionPay: RMB10 per transaction
  • Fasapay: 0%
  • Skrill: 1%
  • Neteller: 0%
  • PerfectMoney: 0.50%
  • WebMoney: 1.50%
  • QIWI: 1%
  • Payza: 0%
  • RBK Money: 3.50%
  • DixiPay: 0.50%
  • E-Dinar: 1%
  • Epay: 0%
  • AliPay: 0%
  • Local Banks in Malaysia, Indonesia, Thailand and Vietnam: 1.6%

As you can see, there are several no-fee options. If you wish to keep fees to a minimum, consider choosing one of the free options. Just remember that withdrawals are paid back to the payment method that was chosen to fund the account, so choose a low-cost method to make the initial deposit in order to withdraw using that same method.

Withdrawal Processing & Wait Time

The withdrawal process in never automated, so there will be a wait time of between 6 and 24-hours for your withdrawal request to be reviewed. If the request is approved, the payment will be issued at that time. If it is not, a support agent will contact you to inform you of what is needed for the request to be approved. The wait time for the payment to arrive will always be based upon the payment processor, with e-wallet payments typically being fastest. After that, credit cards should only take a few days and then wire transfers are last, with typical wait times of up to a week or even longer in some cases.

Bonuses & Promotions

AGEA was offering one bonus offer at the time that this broker review was being conducted, that being a $5 account credit that is issued once a new client submits their KYC documents and those are reviewed and approved. The offer is limited to one per person and each individual is only allowed to create one account. Any attempts to circumvent this rule could result in account closure or worse. Check with this broker to see if there are any new or different promotions being offered at the time of your broker search.

Educational & Trading Tools

The provided trading tools will be only those which are included in the Streamster and MetaTrader 4 trading platforms. The site does contain the following educational resources:

  • Introduction to the Markets
  • Trading Techniques
  • Technical Analysis
  • Fundamental Analysis
  • Controlling Risk
  • Trading Terminology
  • Trading FAQs

The trading FAQs (shown below) are actually quite excellent, as they provide quick and direct answers to many of the most common questions that traders have about the inner workings of the provided platforms. The other educational resources are nice as well, but are not anything that cannot be found elsewhere online.

Customer Service

Live chat is available on the AGEA website and can be opened from any page. A contact form is also provided on the website, but no direct email address is provided. Contact numbers and the hours for phone support can be seen below.

Those who wish to send standard mail to the company can do so using the following address:

AGEA International AD
Bulevar Ivana Crnojevića 107
Podgorica, 81000

08:00 - 16:00 CET / CEST (Monday - Friday)
+382 (20) 664-320
+382 (20) 664-130 (Fax)

The provision of an email addresses would be nice, but since a contact form is provided, this is not a serious issue. In addition, the Streamster trading platform allows traders to speak with an agent via live chat from within the trading platform and this functionality is something that you will not see offered by many (if any) other FX brokers.

Demo Account

As mentioned above, a demo account is available and will provide the same exact trading conditions as the live platform. This is absolutely one of the perks of using AGEA as your broker. It is crucial to understand what your trading costs will be, and far too often traders are left with unrealistic expectations after using a demo platform that contained only semi-accurate market conditions and spreads. To open a demo account, simply complete the regular registration process. Once this is done, a demo account will automatically be provided.

Countries Accepted

AGEA doesn’t appear to be excluding any locations at this time and was accepting U.S. clients at the time that this review was completed. You may be thinking, did you not say that they are regulated? Yes, we did. However, the regulations put in place by the by the Commission for Capital Markets are not as strict as say, CySEC. Because of this, AGEA has more freedom with who they can accept into their platforms. This could of course change in the future and if it does, we’ll update our information.


Let’s start with the drawbacks, shall we? The most obvious of which is the fact that if you choose to use the MT4 platform over the proprietary Streamster platform, you will be required to pay rollover costs. Another would be the fact that support is not available on the weekends. Aside from these two, it’s actually been quite difficult to find any major problems with AGEA. The advantages are many, including no commission charges, no rollover costs in the Streamster platform, no or low banking fees, and a demo platform that offers live trading conditions. We will check back with AGEA in the future to see how they are getting on, but as for now they seem to be performing quite well.


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