AGEL Limited was incorporated on 27 October 2024, and hence, it is a fairly new broker in the financial market. The broker offers its products for trading: Forex, precious metals, commodities, energy, and index CFDs, trying to offer competitive spreads and user-friendly platforms to traders.
Trading Products and Account Types
AGEL provides traders with a wide variety of trading products suitable for traders with different preferences. This involves more than 250 pairs of currency, along with indices, commodities, and metals. The trading platform further offers traders with a choice of two account types:
Standard Account
- Platform: AGEL proprietary platform
- Spread: From 1 pip
- Leverage: Up to 500:1
- Commission: $0 per trade
- Minimum Deposit: $200
- Execution Type: Instant execution
ECN Account
- Platform: AGEL proprietary platform
- Spread: From 0.0 pips
- Leverage: Up to 500:1
- Commission: $6 per round turn
- Minimum Deposit: $200
- Execution Type: Instant execution
These account options attract many traders; especially the high-leverage accounts have the potential for astronomically higher returns. On the other hand, high leverage significantly increases risk, and traders should show extra caution when choosing.
Trading Platform
AGEL maintains that it provides the MetaTrader 4, one of the most popular trading platforms in the retail trading business. But instead of an MT4, the company refers to it as AGEL-an allegedly unique customized version. In fact, AGEL uses SuperAl Options7-a previously notorious platform. This is a misleading statement and raises serious doubts about the reliability of AGEL.
Moreover, the links for downloading iOS and Android versions given by AGEL do not open, making the use of the platform quite inconvenient on mobiles.
Regulatory Issues
The broker claims to be regulated by several renowned financial regulatory bodies, including:
- NFA (National Futures Association)—NFA ID:0559240
- FincenMSB (Financial Crimes Enforcement Network)
- ASIC (Australian Securities and Investments Commission)—License No. 296805
- VFSC (Vanuatu Financial Services Commission)—License No. 700455
A further investigation has shown that AGEL is not listed in the registration databases of the NFA or FincenMSB. Licenses presented on their web-site have been issued for Y&C Financial Investment Co. Ltd, another company marked as fraudulent. Checks confirmed that license number 296805 from the ASIC is registered to DLS MARKETS (AUST) PTY LTD, while the license number 700455 of VFSC is registered to DLS MARKETS LIMITED, indicating that the broker is using this as some kind of deception to make them appear legitimate.
Transparency and Missing Features
One of the high points of the red flags is the lack of transparency on AGEL's part. There is no way to get in touch with the broker, as their website lacks valid contact information for inquiry or support purposes. The trading platform also lacks social media representation, and there is no kind of education provided to the traders, which most good brokers offer. It cuts down on the channels of communication and, consequently, the credibility of the broker, making one question its intentions.
Another major concern with the website is that it lacks all information about deposit and withdrawal processes. Investors should always be well-informed as to how to deposit and withdraw their funds; due to the lack of this information, no one can tell if funds can be kept safe or not.
User Reviews and Online Reputation
The online presence of this broker is almost non-existent. No user reviews or feedback about AGEL are found on popular trading forums or review websites, and this is extremely unusual for any broker, let alone one providing such a large set of trading products. The lack of track record or public endorsements further extends skepticism about its credibility.
Moreover, there is no information about the company's employees or office locations on the website, adding to the issues of transparency.
Website Traffic and Brand Exposure
According to Semrush data analysis:
- Authority Score: 2
- Organic Traffic: 0 visits
- Paid Search Traffic: No data
- Backlinks: 1
- Keywords: 2
- Traffic Distribution: Primarily from the USA and Canada (but not significant)
These data indicate very low website traffic for the broker, a minimal number of backlinks, and lack of significant organic search visibility.
According to Ahrefs data analysis:
- Domain Rating (DR): 0.1, indicating very low domain authority.
- URL Rating (UR): 0, also indicating very low URL authority.
- Backlinks: No backlinks recorded for the domain.
- Referring Domains: No referring domains, indicating no other sites link to it.
- Organic Search Keywords: No ranking keywords, meaning the website does not gain rankings in any organic searches.
- Traffic: The website has no organic or paid search traffic.
These data further confirm the broker's weak online presence, low website authority, lack of backlinks, and absence of traffic or keyword rankings, indicating it has not been widely recognized or visited.
Conclusion
Even though AGEL provides a multi-functional brokerage platform, offering competitive spreads and a range of trading products, a number of red flags are raised. Misleading descriptions of the platform, suspicious regulatory details, hidden data, and lack of brand exposure-everything points to one conclusion: AGEL is not reliable.
Recommendation: With all the serious doubts regarding the legitimacy of AGEL and high risks related to an unregulated broker, any potential client should be very cautious. It is highly recommended to turn to brokers with clear regulation, transparent operations, and a good reputation.
