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ArgusFX Review and Tutorial 2021

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Facts & Figures

ArgusFX is a Cyprus-based broker offering MT4 trading from a sleek client portal.

Awards

• Most Reliable Forex Broker Award 2018 – UK Forex Awards

Bonus None
Instruments Forex, CFDs, commodities, cryptocurrencies, futures
Demo Account Yes
Min. Deposit $0
Pay Methods Cashu, Neteller, Skrill, Sofort, Yandex Money
Min. Trade 0.01 lots
Regulated By CySEC
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread 1
GBPUSD Spread 2
Oil Spread 5
Stocks Spread Variable
Leverage 1:30 Retail, 1:500 Professional
Forex

Invest in major, minor and exotic FX pairs.

GBPUSD Spread 2.0
EURUSD Spread 1.8
EURGBP Spread 2.2
Assets 60+
Risk Warning – Your capital is at risk

ArgusFX is a setup MT4 and MT5 forex merchant situated in Cyprus. Before you download the stage and login to the customer gateway, investigate this survey for data on the least stores, account types, expenses, and extra highlights.

ArgusFX Details

ArgusFX Ltd is a Cyprus-based dealer established in 2003. The dealer is authorized and controlled by the Cyprus Securities and Exchange Commission (CySEC). 

ArgusFX has 50 years of exchanging ability and gives a selective STP model. The dealer likewise offers more than 100 monetary instruments on a few cross-stage arrangements and two live records.

Trading Platforms

MetaTrader 4

MT4 is a fantastic asset for specialized examination and web-based exchanging. The stage suits progressed, exchanging styles with supporting and scalping abilities while likewise being not difficult to explore for less-experienced dealers. Clients can empower trading robots and use the vast assortment of pointers and drawing apparatuses on three diverse outline types. 

MT4 at ArgusFX is effectively open and works with both Mac and Windows working frameworks.

MetaTrader 5

MT5 offers predominant algorithmic and duplicate exchanging instruments for cutting-edge merchants. Clients can get to a limitless measure of outlines, with various periods and more than 80 specialized markers and insightful tools. There’s additionally financial information and a financial schedule for critical investigation, in addition to exchanging signals and an inherent forex VPS. 

MT5 is presently just accessible for Windows working frameworks.

Assets

Accessible business sectors at ArgusFX incorporate around 60 cash sets, including exotics and crosses, in addition to 65 CFD stocks. You can likewise exchange an assortment of lists and items, just as 14 prospects agreements and spot metals. 

ArgusFX could further develop its contribution by giving cryptographic money exchanging.

Spreads & Commission

Average spreads come in at 1.8 pips for EUR/USD in the Standard record. However, they drop to 0.3 pips in the Pro record. The most petite spreads for lists in the Standard document start from 0.6 pips for the S&P 500 and 0.46 for spot silver. These are well contrasted with comparable retail handles. 

Month to month information expenses is charged on stocks and prospects beginning from 1.5 per contract for retail customers. There are additional commissions on cash lists, from 0.5 EUR/USD per parcel. Trade expenses are additionally charged for the time being positions.

Leverage Review

ArgusFX offers a default influence breaking point of 1:30 for significant money sets and less for different resources. Customers can apply for more substantial influence on the off chance that they meet specific models. The edge estimation for forex exchanging is likewise given on the dealer’s site.

Mobile App

ArgusFX offers the MT4 versatile application to all customers. Regardless of whether you’re exchanging on a cell phone or tablet, MT4 obliges all your in a hurry trading needs, including 24/5 admittance to the forex market, more than 50 pointers and analytical instruments, continuous statements, and 4 request types. There are additionally email and talk highlights, in addition to a valuable monetary news source.

Deposits & Withdrawals

There’s a good choice of subsidizing strategies accessible at ArgusFX, including credit/charge card, bank wire move, Skrill, Neteller, Qiwi, Yandex Money, and Sofort. 

Cards and bank wire stores are handled inside 1 workday, while different strategies take around 60 minutes. There are zero store charges for bank wire, Skrill, and Neteller. However, there is a 1.35 EUR/USD/GBP fixed expense on cards and 2% on the store for different techniques. 

All withdrawals are handled inside 1 workday, yet it can require as long as 7 days for assets to be credited to your record. There’s likewise a 1.8% commission on the withdrawal sum for cards, Skrill, and Neteller. Bank wire withdrawals rely upon the bank utilized and range from 5 to 15.5 EUR/USD.

Demo Account

An impressive disservice of this specialist is the absence of a demo account. Most representatives offer a training account where amateurs can try out the exchanging stages in a danger-free climate. It’s a disgrace that ArgusFX doesn’t provide this, as it will probably dismiss a couple of novices.

ArgusFX Welcome Bonus

Because of CySEC limitations, there are no special offers accessible at ArgusFX right now. Rewards and advancements are all the more regularly found at intermediaries who more loosened up controllers authorize.

Regulation Review

ArgusFX is approved and controlled by the Cyprus Securities and Exchange Commission (CySEC) under CIF permit number 334/17. The representative additionally follows the European Markets in Financial Instruments Directive (MiFID). 

CySEC is possibly the most trustworthy monetary controller on the planet and gives strict rules to guarantee customer wellbeing. This incorporates isolating customer assets at top-level financial foundations and being an individual from the Investor Compensation Fund.

Additional Features

ArgusFX offers a market examination and online class segment, be that as it may, these regions have been dismissed without any updates inside the most recent few years. There are some extra apparatuses, including financial and occasion schedules and an assortment of forex number crunchers.

ArgusFX Accounts

Brokers have a decision of two records at ArgusFX: Standard STP and Pro STP. The Standard record has no base store prerequisite, average spreads from 1.8 pips, and no commissions. The Pro STP account requires a $200 most miniature store, with average spreads from 0.3 pips, in addition to commissions. 

The two records require a base exchange size of 0.01 parts. They likewise permit supporting, scalping, and Expert Advisors, in addition to extra highlights like a committed record director and instructive apparatuses and reports. 

Islamic trade-free records are likewise accessible.

Benefits

Notable features of ArgusFX include:

  • CySEC-regulated
  • $0 minimum deposit
  • MT4 and MT5 platforms
  • Commission-free trading

Drawbacks

This review also found several limitations:

  • Cryptocurrency trading not offered
  • Educational resources lacking
  • No demo account

Trading Hours

Exchanging hours for stocks are 16:30 – 23:00 (GMT+2), Monday to Friday and for wares, exchanging happens somewhere in the range of 01:05 and 23:55 GMT+2, Monday to Friday. For monetary standards, hours are from 00:00 Monday until 23:00 Friday (GMT+2). Explicit occasions for any remaining resources are recorded in the agreement details.

Customer Support

You can reach out to ArgusFX through the live visit, phone, or email. Tragically, on testing the live talk administration inside working hours, we didn’t get a reaction. 

  • Email – info@argusfx.com
  • Telephone – +357 22059059

The specialist’s central command is 148 Strovolos Avenue, first Foor, CY 2048, Nicosia, Cyprus.

Security Review

The MT4 and MT5 stages have encoded innovation empowered, protecting customer information traded on the intermediary’s worker. There’s likewise the alternative to add both phone and email checks upon login.

ArgusFX Verdict

ArgusFX is a CySEC-directed merchant offering great exchanging highlights, including the mainstream MT4 stage. Clients likewise appreciate least stores from $0 on two available live records. The only significant disadvantages this audit found were the inert client assistance and the absence of a demo account.

Accepted Countries

ArgusFX acknowledges brokers from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most different nations. 

Brokers can not utilize ArgusFX from United States, Iran, Cuba, Sudan, Syria, Korea, Belgium, Canada, Japan.

Alternatives to ArgusFX

If you are searching for options in contrast to ArgusFX, we have ordered a rundown of the best 5 dealers like ArgusFX underneath. This rundown of agents like ArgusFX is arranged by closeness and incorporates organizations that acknowledge dealers from your area. 

  1. RoboForex – RoboForex is a multi-resource online intermediary offering incredible exchanging assistants. 
  2. Hantec Markets – Hantec Markets is a multi-directed online FX intermediary offering MT4 and custom-made assistance giving tremendous adaptability to suit any merchant. 
  3. OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and versatile arrangements. 
  4. FP Markets – FP Markets is a multi-resource intermediary offering a decision of exchanging stages. 
  5. FXChoice – FXChoice is a seaward retail intermediary offering MT4 and MT5 stage downloads.

FAQ 

Where can I make a deposit at ArgusFX?

You can support your record from inside the safe Client Portal by tapping on the Deposit/Withdraw tab. 

Where is ArgusFX based?

Argus FX is situated in Nicosia, Cyprus, and has an extra office in Limassol, Cyprus. 

What can I trade at ArgusFX?

You can exchange money sets, CFD stocks, records, and wares, in addition to prospects contracts. 

Is ArgusFX regulated?

Indeed, ArgusFX is managed by the Cyprus Securities and Exchange Commission (CySEC), under permit number 334/17. 

What is the maximum leverage at ArgusFX?

The most significant influence for retail customers is 1:30. Proficient customers can apply for power up to 1:500.

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