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Agora Direct Review: A Close Look at Safety and Trading Insights

Agora Direct Review

Are you curious about an intriguing FX broker based in Germany? Let’s dive into this Agora Direct review to uncover what is hiding behind the pretty claims. There are indeed many informative facts for us to elaborate on. So stay tuned!

General information
Name Agora Direct
Type of company Broker Clone
Regulation status Unregulated
Warnings from Financial Regulators No official warnings
Website link agora-direct.com
Active since 2005
Registered in Germany
Contact info +49 (030) 7895975-0
Trading platforms ATS Software, Web, MT4, MT5, AGORA Mobile
Majority of clients are from Germany, Latvia, Austria, France, Spain
Customer support Email and phone
Compensation fund No

About Agora Direct

Agora Direct claims it is the go-to for exchange trading services. What else is there to know about them?

We can see their real-time trading system spans Europe, the USA, Canada, and Asia.

What also catches the eye is the multi-currency account, allowing lightning-fast worldwide trading. Clients can choose from millions of trading instruments across 24 countries and over 125 exchanges. 

The History of Agora Direct

Founded in 2001, Agora Direct traces its roots back to 1886 and Oskar Petersohn.

Agora Direct’s current management, directly descended from Petersohn’s family, continues the legacy. They do it by embracing honest practices and transparency. But, there is nothing to confirm this is also true for this clone company. 

This broker aims to have a steadfast commitment to reliability. But, they lack any regulation. In fact, they may be lying about having one! 

Regulation and Safety Measures

Agora Direct’s commitment to security is not confirmed. How? Well, we can clearly see they are not regulated by the British FCA or German BaFin. These two regulators are some of the most prominent ones per se. Moreover, these lies are proof that this is a clone company. 

Their 5-pillar protection system apparently ensures clients’ safety. This allegedly covers segregating deposits to SIPC protection and support from Lloyd’s of London insurers.

Trading Instruments

Here, you will find a diverse range of trading instruments that make the real Agora Direct broker a versatile choice for investors. Let’s take a look at what this clone firm is trying to mimic from the real broker: 

  • Shares. Classic stock trading across 125 markets is at your fingertips. Enjoy cost-effective trading, such as XETRA in Germany, starting at €3.85.
  • Options. Explore over 1 million options with favorable conditions in the USA and Europe, starting from €1.90, making covered deals accessible.
  • CFDs. Dive into contracts for difference (CFDs) on index, stock, and currency assets with flexible margin requirements.
  • Futures. Explore futures trading across 35 markets globally, with a low entry cost of €1.90 per contract in Germany.
  • Precious Metals. Diversify your portfolio with precious metals like gold and silver, with fees starting at $6.00 per order.
  • Forex. Engage in Forex trading with 94 currency pairs and a transparent fee structure, including a commission of 0.01% of the traded sum.
  • Bonds. Trade European and US corporate and government bonds, fixed-income futures, and options seamlessly through a multi-currency account.

Trading Platforms at Agora Direct

Now, let’s explore the trading platforms that this broker prepared for investors. There are many choices!

MetaTrader 4 and MetaTrader 5

This company brings you the popular MetaTrader trading platform. We all know that this one is loved by investors for its prowess in currency trading. 

Offering both MetaTrader 4 and its successor, MetaTrader 5, the platform links with your trading account through a superb software bridge.

WebTrader AGORA Direct app

Experience hassle-free trading with Agora Direct’s AGORA WebTrader. What does this platform do?

This web-based platform lets you securely access your account from any browser. And it stops the need for software installation. It’s trading flexibility without the fuss!

AGORA Mobile

For those on the move, this mobile version is a game-changer. Available as AGORA Trader for Android devices and AGORA Mobile on the App Store, it keeps you connected. It lets you make informed decisions anytime, anywhere.

ATS Software

Meet Agora Direct’s in-house ATS platform. We can see that this one is ideal for both newcomers and skilled investors. 

Whether on Windows, Mac, or UNIX/Linux, the ATS platform supports trading across various instruments and offers real-time exchange rates. Plus, it comes with handy features like watchlists.

Tip: Remember that all of these options are available with the real company that this one is trying to mimic. The domain of that company is agora-direct.co.uk.

Payment Options

When it comes to deposits and withdrawals, this firm keeps it simple. The classic bank transfer method is the go-to.

Just remember to include the “U” account number, along with your first and last name, in the reference line for deposits. Withdrawals are processed through bank transfer. And they typically reach your house bank within 1-3 banking days. Still, as this broker is unregulated, there is no guarantee you will get your money. 

Is There a Demo Account?

Unfortunately, Agora Direct misses the mark here. No demo accounts are available on the website. We can say that this makes it challenging for traders to test strategies in a risk-free environment.

If you’re new to trading, you might need to seek info from other sources. This is due to the limited training services out there.

Customer Service

Customer service is a make-or-break factor for any online broker, and this broker steps up. German clients benefit from support in their native language through the Berlin branch.

Need assistance? You can reach out via the website’s contact form or give them a call. For a more hands-on approach, there is TeamViewer support to ensure effective and optimal assistance. 

Tip: Anonymous and fake service providers from SVG pop up every day. One of those shady companies is Ultra Cryptocoin FX. It’s best to avoid them! 

Reviews from Trustpilot

On Trustpilot, this company scores an average rating of 3.3 stars. It’s not bad, but there’s room for improvement per se.

In the finance game, it’s wise to go for firms with a solid 4.5 stars or more. It just adds that extra layer of security.

Earning Money Trading

Ready to make some bucks through online trading? We’ve got your back every step of the way!

Need advice on the best forex and crypto platforms? We’ve got free consultations waiting for you!

But wait, there’s more! We’re rolling out an exciting opportunity! Partner with our proprietary trading firm and potentially bag up to $180,000. Now, that’s a deal you don’t want to miss!

Final Words

Lastly, this company offers a bunch of services, as seen on their site. Still, the firm does not instill much confidence. Always look for transparency and a solid reputation, and avoid scams like Agora Direct and Nippy Trade

Back to safety, our proprietary trading offer is quite attractive, giving you a shot at earning up to $180,000. So, consider a path to financial growth with us.

FAQ

What is Agora Direct?

This is a shady broker that mirrors a legitimate website.

Is Agora Direct a Regulated Broker?

Not really. They are a poor copy of the original website.

What is the Difference Between a Broker and a Prop Firm?

The main difference lies in the way accounts are funded.

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