AGX ZEN

AGX ZEN is trying to convince traders that it operates legally and has offices open almost worldwide. They promise clients outstanding services, a top-notch trading environment, and the honesty of all operations. In other words, relying on years of experience in the market, the broker is ready to help achieve all financial goals. However, the scammers forgot to mention that the discussion is only about their financial goals, and the means to achieve them will be the stolen money from clients. To make it clear that this is the case, we have thoroughly dissected this fraudulent project in the review below.

Overview of AGX ZEN

The broker has made so many ambitious statements that inexperienced traders might think it’s the best in the world. The best way to check the correspondence of owners’ rhetoric to reality is to carefully study all the available information about the company and its services. We will start this examination with the official website.

Broker History

On the “Why Us” page, AGX ZEN beautifully writes about its many years of experience, which helps continually improve the level of customer service. We tried to find confirmation of this on other pages of the official website of the project, but all efforts were in vain. The creators of the platform do not want to support their words with any facts. Well, quite a traditional move for scammers. While this fact may not be direct evidence of fraud by the company, the first minus is already assigned to the broker.

Agxtrd.com Website

In general, it’s hard to find a definition for the official website. This remarkable product of webmasters’ work is simply shocking. However, if you think it’s unique in design or substantive content, you are deeply mistaken. The only thing that this third-rate creation can surprise with is the abundance of obvious absurdities on its pages.

For example:

• The TradingView widget under the heading “Buy and Sell shares Online,” occupying a good third of the homepage and supposed to display the current state of the markets, is not working. This is truly astonishing because there are usually no problems with materials from TradingView, and it takes a lot of effort for issues to arise.
• In the table with types of accounts, they did not forget to change only the names and sizes of the minimum deposit.
• However, the data from this table does not correspond at all to the text in the FAQ. For instance, the tariff plans claim that the minimum deposit is $2,500, and the maximum leverage is 1:10. However, in the answers to questions, it is only about a $240 deposit and 1:400 leverage. Which figures to believe?
• The transition to the page with types of accounts from the Trading Products menu looks unusual (let’s say) and equally unusual is the complete absence (except for the same table) of mentions of payment methods.

However, listing all the “achievements” of the developers on the official AGX ZEN website can take a long time. The obvious conclusion is that the project’s owners are completely indifferent to how ugly its official face will look on the internet. A legal broker cannot afford this, but scammers, not using the site to attract clients, can.

Registration Process and Personal Account

Confirmation of the above is another outstanding feature on the official website – there is no registration form. Yes, that’s right, a client interested in working with this broker cannot register independently.

Although such an approach is not common, it is far from a novelty in the operation of scam platforms. Fraudsters using this approach open accounts:

• For clients, they invited themselves, for example, during calls to illegally obtained databases of phone numbers.
• For users who contacted the broker’s support service to complete the registration.

These traders demonstrate a willingness to deposit funds into the scam platform, which is essentially the goal of creating the project. Needless to say, they will never see their funds again.

Naturally, without completing the registration, we could not see the set of functions in the personal account. However, we are more than sure that AGX ZEN uses one of the typical templates. We have already talked about their drawbacks many times.

Trading Platform

Judging by the photo on the homepage of the website and the feedback from some traders, the broker uses a trading platform from Easy Technologies. We are familiar with it, and it is unlikely to qualify for the characterization “Rock-solid AI trading Platform” given by the broker. The thing is, this software has more than enough problems:

• Inconvenient organization of the list of assets for trading.
• A limited list of graphic tools for technical analysis.
• Inability to create and/or connect additional indicators or trading robots.
• Issues with saving settings, and so on.

Does anyone at AGX ZEN seriously think that traders can believe in the fairy tale of using AI algorithms in this subpar terminal and its ability to compete with platforms like MetaTrader, CTrader, or Tradingview?

Contacts

However, those who prepared the content for the Contact Us page went all out. Clients are offered to contact support:

• Through the feedback form.
• By sending an email to support@agxtrd.com.
• In the online chat, which is available on all pages of the website.
• On WhatsApp (contact information can be obtained from the personal manager).

However, the creators of the page did not stop there. They claim that AGX ZEN provides services worldwide and provide addresses and phone numbers for 6 offices:

• Icon Building 24 Hans Strijdom Ave, Cape Town City Centre, Cape Town, 8000, South Africa; +27211093955
• Klamson Towers 151 Commissioner St, Johannesburg, 2001, South Africa; +27107468462
• PH Blue Business Center, C. 67 Este 72, Panamá, Panama; +5078365519
• Tower 42, 25 Old Broad St, London EC2N 1HN, United Kingdom; +447308309407
• View point building 28 October Ave 261, Limassol, Cyprus; +35725262303
• Geneva Business Center Av. des Morgines 12, 1213 Lancy, Switzerland; +41225083090

Everything would be wonderful if all the buildings listed existed at the specified addresses. However, AGX ZEN has a problem – the phone numbers from the list, for some reason, do not answer. Perhaps scammers forgot to renew their lease or forgot to hire at least one employee capable of simulating broker activity.

Analysis of Services Offered by AGX ZEN

To gain services and conditions for their provision, the broker does not spare beautiful words, calling them outstanding, innovative, etc. However, we have already seen the “outstanding” website, registration procedure, and trading platform. Let’s see how honest this firm is.

Funding and Withdrawal

The table with account types has become almost the only source of useful information on the AGX ZEN website. In it, the broker even talks about the payment methods used for depositing and withdrawing funds. In the first case, users have access to transfers from bank cards and cryptocurrency wallets, and in the second case, card transactions and bank transfers.

However, this information about monetary transactions is exhausted. The broker did not mention limits, crediting times, or commissions. Moreover, we could not see its details and transaction parameters without an account.

This situation is quite standard for scam projects. AGX ZEN will not publish its details in open access to avoid attracting the attention of financial control authorities. The broker will, of course, conduct deposit operations without problems to quickly get money into its accounts. As for withdrawals, traders may forget about it – scammers didn’t do so much work for that.

AGX ZEN Trading Conditions

We have mentioned the content of the account types table in the review probably a dozen times already. Let’s go back to it because it is the only source of information about trading conditions. We see that the broker:

• Allows trading with leverage up to 1:10.
• Offers transactions with currency pairs and CFDs on commodities, stocks, and stock indices, cryptocurrencies.
• Uses floating spreads.
• Provides protection against negative balance.
• Executes orders by Instant Execution method.

Moreover, as we have already noted, the difference between the accounts is only in the name and the minimum deposit amount:

• Mini – from $2,500.
• Green – from $5,000.
• Premium – from $25,000.

It is unclear why the broker bothered with such a division if the conditions for all three types of accounts (at least according to the table) are the same, and the traders attracted by its methods have no business with them at all.

By the way, let’s remember that in FAQ, completely different information is posted. According to it, you can start trading with $240, and the maximum leverage can be up to 1:400. We think traders will be somewhat puzzled.

Unique Features

It seems that the creators of AGX ZEN left all their creativity on the Contact Us page. Otherwise, why wouldn’t they offer customers some unusual but very useful service? Unfortunately, the broker’s employees could not come up with such a thing. Moreover, even the standard set suffered irreparable losses: for example, the broker does not even have an affiliate program (or it skillfully hides information about it).

Is AGX ZEN Trustworthy and Reliable?

To complete the picture, we need to look at the broker’s registration and licensing data, as well as its track record. Finding this information is not difficult, as most of these details are usually in the public domain.

Assessing Legitimacy

The AGX ZEN developers provided a total of 6 office addresses but said nothing about registration in the countries where these offices are located. It turns out to be quite simple: in the Terms & Conditions, the broker states that clients need to be aware of Polish legislation because it regulates the relationship between the company and users.

This gives grounds to consider Poland as the place of registration. We primarily checked the business registers of this country.

However, this search did not yield any results; the project is not registered in Poland. Naturally, we also checked information about this company in the registers of South Africa, Panama, Cyprus, the United Kingdom, and Switzerland. However, no success was achieved.

It seems that AGX ZEN simply does not have official registration as a legal entity. Accordingly, there can be no talk of obtaining a license and conducting legal brokerage activities. Moreover, this virtual platform has no official liquidity provider or quote provider.

The conclusion is straightforward – there is no actual trading taking place on the project. Traders only see its simulation, and therefore, they have no opportunity to make a profit. We observe a straightforward scam that will never allow withdrawing money.

Established Track Record

As a final step, let’s verify AGX ZEN’s claims about its many years of experience in the market. For this, we will use information from the Whois service about the domain registration date.

As we can see, the domain was registered only on September 18, 2023. So, “long-standing experience” in the market magically transformed into 2 months of the project’s existence at the time of writing the review. We already understood that the broker provides unreliable information, but now we have additional confirmation.

We want to remind traders that AGX ZEN is trying to attract clients through personal contacts and is actively growing its audience at the moment. If you receive an offer from these scammers, it is better to ignore it, even if it seems super attractive.

Implications for Traders

As we can see, AGX ZEN is a straightforward scam project that simulates brokerage activities. It exists only on the internet, lacks official registration and a license, and all information about it on the official website is fake. Is it worth risking and sending your money to scammers? We are confident that it is not.

Strengths and Weaknesses of AGX ZEN