Overview of AGN
AGN, established in 2013 in the United States, offers a wide range of trading assets including commodities, currencies, equities, and more, providing global access to various market instruments.
With flexible leverage options and cost-effective fee structures, AGN accommodates traders of all levels, offering multiple trading platforms and accessible customer support avenues.
However, operating without regulatory oversight raises risks about consumer protection and market integrity. Despite these disadvantages, AGN continues to attract traders seeking opportunities in the financial markets.
Is AGN Legit or a Scam？
AGN operates without regulatory oversight. This lack of oversight can lead to unchecked practices, potentially compromising consumer safety and market stability. Absence of regulation may foster monopolistic behavior, hinder fair competition, and pose systemic risks.
Moreover, without regulatory scrutiny, AGN's actions may evade accountability, creating vulnerabilities in financial systems and investor confidence.
Pros and Cons
Pros:
Global Access to Various Market Instruments: AGN provides traders with access to a wide range of market instruments from around the world. This includes commodities, equities, currencies, and more, traded on major exchanges globally. Traders can diversify their portfolios and take advantage of opportunities in different markets without restrictions based on geographical location.
Educational Resources Available: AGN offers comprehensive educational resources to its users, providing valuable insights into trading strategies, market analysis, and risk management techniques. These resources can benefit both novice and experienced traders by enhancing their understanding of the financial markets and helping them make more informed trading decisions.
Wide Range of Account Types Available: AGN offers a range of account types. Whether traders are individuals, institutions, or professional traders, there are account options available to suit their specific requirements and trading preferences.
Flexible Leverage Options: Traders using AGN's platform have the flexibility to choose their leverage options based on their risk tolerance and trading strategies. This allows traders to control their positions more effectively and potentially amplify their returns, although it also comes with increased risk.
Multiple Trading Platforms Offered: AGN provides traders with a choice of trading platforms, each with its own set of features and functionalities. This enables traders to select the platform that best aligns with their trading style and preferences, enhancing their overall trading experience.
Accessible Customer Support Avenues: AGN offers accessible customer support avenues, including phone, fax, email, and a user-friendly message submission form on their website. Traders can easily reach out to customer support representatives for assistance with account-related queries or technical issues, ensuring a smoother trading experience.
Cost-Effective Fee Structures: AGN offers cost-effective fee structures for trading, including low commission rates and no monthly access fees for certain account types. This allows traders to minimize their trading costs and potentially increase their profitability over the long term.
Cons:
Lack of Regulatory Oversight: AGN operates without regulatory oversight, which may raise risks regarding consumer protection and market integrity. The absence of regulatory supervision means that traders may be exposed to higher levels of risk, including potential fraud or misconduct by the brokerage firm.
Complex Platforms for New Traders: Some of AGN's trading platforms may be complex and overwhelming for new traders, especially those who are unfamiliar with futures trading or advanced trading tools. This complexity could potentially hinder new traders' ability to navigate the platform effectively and execute trades confidently.
Market Instruments
AGN facilitates global access to nearly 2000 commodity futures products traded on 30 exchanges worldwide. These products encompass a wide array of commodities, stock index futures, energies, currency futures, and more, offering traders ample opportunities for portfolio diversification and risk management strategies.
Agriculture: Futures contracts related to agricultural commodities such as corn, wheat, soybeans, and livestock.
Currency Futures: Futures contracts linked to different currency pairs, enabling traders to speculate on currency exchange rate movements.
Energy: Futures contracts covering energy commodities like crude oil, natural gas, and gasoline.
Equity Indices: Futures contracts tied to stock market indices such as the S&P 500, NASDAQ, and Dow Jones Industrial Average.
Interest Rates: Futures contracts based on interest rates, providing exposure to changes in interest rate levels.
Metals: Futures contracts involving precious metals like gold, silver, platinum, and base metals such as copper.
Soft Commodities: Futures contracts for soft commodities like coffee, sugar, cotton, and cocoa.
Account Types
AGN offers a range of account types tailored to meet the various needs of traders.
The Web Trader account, with no monthly access fee, provides a cost-effective option for individual traders seeking basic trading functionalities. With a commission of $0.50 per contract capped at $500, this account is suitable for entry-level traders looking to execute trades without incurring high fees. It offers essential features such as order tickets, market, limit, and stop orders, making it accessible for traders at all skill levels.
The Core Pricing account, with a $25 monthly access fee, suitable for traders who require additional functionalities beyond the basic offering of the Web Trader account. Along with the same commission rate of $0.50 per contract capped at $500, this account provides access to advanced features such as Android and iOS mobile apps, multiple quoteboards, and advanced order types. It is suitable for active traders who need flexibility in accessing their accounts and require more sophisticated trading tools to execute their strategies effectively.
For traders seeking comprehensive trading solutions and advanced analytics, the Advanced account offers an extensive range of features. With a $200 monthly access fee and the same commission rate as the Core Pricing account, this account is tailored for professional traders and institutions. It provides access to advanced charting tools, option strategies board, and multiple monitor support, enabling traders to analyze market trends and execute complex trading strategies with precision.
The Advanced account is ideal for experienced traders who demand robust trading platforms and require access to sophisticated tools and resources to stay competitive in the market.
How to Open an Account？
Opening an account with AGN involves the following concrete steps:
Gather Required Documents:
Complete Application Request Form:
Fill out the application request form provided by AGN.
Provide your first name, last name, phone number, and email address as requested on the form.
Submit Required Documents:
Attach copies of the required identification documents along with the completed application form.
Ensure all information provided is accurate and up-to-date.
Review Terms and Conditions:
Take time to review the terms and conditions of opening an account with AGN.
Understand the risks involved and the obligations as an account holder.
Agree to Terms:
Sign the necessary agreements and documents provided by AGN.
Confirm your understanding and acceptance of the terms outlined.
Submit Application:
Submit your completed application form and supporting documents through the designated channels specified by AGN.
Await confirmation of your account opening from AGN's customer support team.
Leverage
AGN Futures provides various leverage levels depending on the market sector and trading software chosen.
For Initial Margin (Overnight Margin), which is necessary to carry a contract past the day session closing time, the universal requirement set by exchanges applies. This typically amounts to 20% of the contract's value.
However, day margin requirements may differ based on the trading software selected. For specifics on day margin requirements for different markets, traders are encouraged to contact AGN Futures directly at 312-267-2935 or use the provided form for inquiries.
Insufficient margins may lead to contract liquidations, with a charge of $25.00 USD per contract.
Spreads & Commissions
AGN offers a tiered fee structure for its spreads and commissions, serving different trading needs and preferences.
The Web Trader account features a $0 monthly access fee, with a commission of $0.50 per contract capped at $500. This account provides basic trading functionalities such as order tickets, market, limit, and stop orders, suitable for individual traders looking for cost-effective trading options.
The Core Pricing account, with a $25 monthly access fee, offers enhanced features including access to Android and iOS mobile apps, advanced order types, and multiple quoteboards. This account is suitable for active traders who require additional functionalities and access on various devices.
For traders seeking more advanced tools and capabilities, the Advanced account is available with a $200 monthly access fee.
Trading Platform
AGN offers several trading platforms for different trading preferences and needs.
eSignal:
eSignal provides a desktop trading platform with advanced charting capabilities, including a custom chart builder. Users can download the platform to their PC for convenient access. Additionally, eSignal offers a mobile app available for both Android and iPhone devices, allowing traders to monitor and manage their positions on the go. The platform is integrated with the eSignal trade management system, facilitating seamless order entry and trade management. Users can activate live executable data from the CQG or Rithmic back end, ensuring fast and reliable quotes directly from the exchanges they wish to participate in.
CTS T4:
CTS T4 offers a desktop trading platform with a wide variety of order types. Users can execute basic orders such as limit, stop, and market orders, as well as more advanced options like OCO, auto OCO, and multi-bracket order templates. The platform supports various time and price types, including GTC, FAK, and MIT. Traders can access real-time market data and submit orders with extreme reliability. Moreover, CTS T4 provides options trading functionality, allowing users to view and execute option outrights and spreads supported by exchanges.
Rithmic Execution:
Rithmic Execution offers direct exchange access for fast and reliable quotes directly from exchanges. Traders can benefit from clean market data and minimal latency, enhancing the chances of executing trading strategies successfully. The platform provides an abundance of professional trading tools, allowing users to customize their workspace according to their trading style. While Rithmic Execution focuses on desktop trading, it does not offer mobile apps for on-the-go trading.
Customer Support
AGN offers accessible customer support avenues.
For general inquiries and operational matters, individuals can contact them via phone at 312-267-2935 or fax at 312-267-2926. Email assistance is available through support@agnfutures.com.
Current customers with account-related queries can access a 24-hour trade desk facilitated by FCMs; they're advised to directly contact their AGN Futures broker for specifics.
Additionally, there's a user-friendly message submission form on their website, enabling users to input their name, email, phone number, message, and solve a basic arithmetic problem for security before submitting their query.
Educational Resources
AGN's Traders Corner provides a traders corner section for traders of all levels. These resources cover a wide range of topics, including trading futures and options products on major exchanges worldwide. The platform offers insights into market trends, leading products, and trading strategies through video commentaries and product guides. Additionally, traders can access information on new trading opportunities, such as the introduction of Micro E-mini futures by CME Group.
Conclusion
In conclusion, AGN presents traders with a robust array of market instruments, including commodities, currencies, equities, and more, enabling diversification and access to various trading opportunities. The platform's three account types accommodates a broad spectrum of trading preferences, offering flexibility and customization.
Additionally, AGN boasts cost-effective fee structures and accessible customer support avenues, enhancing the overall trading experience.
However, the absence of regulatory oversight raises risks regarding consumer protection and market integrity, potentially exposing traders to higher risks.
Despite these drawbacks, AGN remains a viable option for traders seeking various trading assets and flexible account options, albeit with caution regarding regulatory implications.
FAQs
Q: What market instruments does AGN offer？
A: AGN provides access to commodities, currencies, equities, and more, allowing traders to diversify their portfolios.
Q: How many account types does AGN offer？
A: AGN offers three account types: Web Trader, Core Pricing, and Advanced.
Q: What is the maximum leverage available？
A: The maximum leverage offered by AGN is 20%.
Q: What are the commission rates？
A: AGN charges a commission of $0.50 per contract capped at $500, with variations based on the chosen account type and trading activity.
Q: What trading platforms are available？
A: AGN offers multiple trading platforms including eSignal, CTS T4, and Rithmic Execution, each with its own set of features and functionalities.
