Broker Review · last checked July 2, 2026
AGM Markets Review
AGM Markets is a broker name with a significant public regulatory history in Australia, including ASIC warnings, licence cancellation, and court findings of unconscionable conduct. This page is written as a research-focused review so readers can understand the risks, verify the company’s status, and compare alternatives before opening an account.
- Official regulator records checked
- Public-warning history included
- Historical/recovery review format
- Deposit and platform claims kept conservative
AGM Markets at a glance
Listing status: Exclude From Recommendations · regulated, higher risk, legacy
Our verdict
AGM Markets should be approached with caution. Public ASIC records show a warning notice, later licence cancellation, and Federal Court findings that the company engaged in systemic unconscionable conduct while offering OTC derivative products. For most retail traders, that history is a major red flag and a strong reason to prioritise better-documented, currently licensed alternatives.
Who this broker suits
- Historical research
- risk-conscious comparison lists
- Readers checking enforcement history before considering any similar brand
- You want a clearly active broker with current product pages
- You need verified deposits, withdrawals, or platform details
- You are looking for strong current regulatory coverage
- You want low-risk or beginner-oriented broker options
Entity and regulation table
| Item | What we could verify | Why it matters |
|---|---|---|
| Brand / entity | AGM Markets Pty Ltd appears in ASIC public warning and enforcement records. | Confirms the company is a real historical entity, but not a sign of current suitability. |
| Australian licence status | ASIC said AGM Markets’ AFS licence was cancelled on 5 November 2018. | A cancelled licence is a serious warning sign for retail clients. |
| Public Warning | Asic Issued A Public Warning Notice On 13 February 2018. | Public warnings are designed to alert investors to possible detriment. |
| Court outcome | ASIC reported Federal Court findings of systemic unconscionable conduct and losses over A$30 million. | This is highly relevant to safety and trust. |
| Current official retail offer | Not verified from a current official source in this review. | Without current product pages, claims about accounts, fees, and platforms should not be treated as established. |
This table focuses on publicly verifiable regulatory facts rather than marketing claims.
Key facts table
| Metric | Detail |
|---|---|
| Review focus | Historical/recovery review of a broker with significant public enforcement history |
| Best-known regulator | ASIC |
| Known public risk signal | Warning Notice, Licence Cancellation, Court Findings |
| Minimum deposit | Not Verified From A Reliable Current Official Source |
| Platforms | Not Verified From A Reliable Current Official Source |
| Funding methods | Not Verified From A Reliable Current Official Source |
| Suitable for beginners? | No strong public evidence supports that conclusion; readers should be cautious |
Where a fact could not be verified from a primary source, we state that clearly instead of guessing.
Alternatives to AGM Markets
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 XTB | 75.5 | FCA, CySEC, KNF | xStation, xStation mobile app | Readers who want a broker with publicly disclosed multi-jurisdiction regulation, Users who value transparent fee pages and entity-level lega | Read review |
 Capital.com | 73.5 | CySEC, Securities Commission of The Bahamas | Proprietary web platform, Mobile app, TradingView | Readers who want a broker with clear public legal-entity and regulator disclosures, Users looking for a proprietary web/mobile platform plus | Read review |
 Colmex Pro | 70 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (South Africa) | Colmex Pro 2.0, MT4, Web Trader | Readers who want a CySEC-listed broker with publicly verifiable entity details, Traders comparing U.S. equities-focused platforms and MT4 av | Read review |
 CMC Markets | 69.5 | FCA | Next Generation, MT4, MT5 | Traders who want a well-documented broker with clear public legal disclosures, Users who value proprietary platform depth alongside MT4/MT5 | Read review |
 Interactive Brokers | 68 | SEC, FINRA | IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) | Experienced traders who want a broad platform lineup, Users who value detailed public disclosures, Clients who want multiple funding and acc | Read review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
External rating snapshot
| Source | Original score | Normalized /10 | Context |
|---|---|---|---|
| Trustpilot for agmmarkets.com | 3.2/5 | 6.4/10 | One public review was visible in the snapshot; this is sentiment only, not proof of safety or regulation. |
We found only one citeable numeric third-party rating in the public search results, so we do not present an average across multiple review sites.
Overview
AGM Markets is not a typical low-risk broker review. The most important takeaway is that the public record is dominated by regulatory action rather than transparent product information. We could not rely on a current official broker website page in this review, so we focus on what can be verified from regulators and on what readers should check before dealing with any legacy brand using the AGM Markets name.
Pros
Possible historical value for research into Australian FX/CFD enforcement; useful as a case study for due diligence; public regulator records are easy to verify.
Cons
ASIC warning history; licence cancellation; Federal Court findings of unconscionable conduct; no strong current public evidence of stable retail offering; not suitable for readers looking for a clean regulatory track record.
Safety and regulation
ASIC’s public records show AGM Markets was the subject of a warning notice in 2018, had its Australian financial services licence cancelled in 2018, and was later found by the Federal Court to have engaged in systemic unconscionable conduct in relation to OTC derivatives. Those facts materially weaken any claim that the brand should be treated as a standard regulated broker today.
Fees, account types and platforms
We could not verify current account tiers, minimum deposit, spread schedule, leverage policy, or platform list from a reliable current official source. Readers should treat any such claims made elsewhere about AGM Markets as unconfirmed unless they are backed by a current legal entity and product disclosure documents.
Deposits and withdrawals
No current official funding page was available to verify supported payment methods, processing times, or withdrawal fees. That matters because payment and withdrawal terms are often the first place problems show up for retail traders. If you are considering any legacy AGM Markets-related offering, verify the payment operator, chargeback policy, and client money arrangements before sending funds.
Country availability caveat
We do not make country-availability claims here because the public evidence we verified is tied to Australian regulatory action and does not establish a current multi-jurisdiction retail presence. Availability can also differ by legal entity, so readers should check the entity name, jurisdiction, and licence register for their own country before proceeding.
Alternatives
If your goal is to trade with a broker that has a clearer current public footprint, compare firms with active, verifiable regulation in your jurisdiction, transparent fee pages, and documented funding terms. Use our regulated-broker and methodology pages to compare safety, costs, and platform support rather than choosing from brand familiarity alone.
Common questions
Is AGM Markets safe?
Based on the public regulatory record we verified, AGM Markets should be treated as high risk. ASIC issued a warning notice, later cancelled the licence, and reported Federal Court findings of unconscionable conduct. That does not make every archived mention of the brand fraudulent, but it does mean caution is essential.
Is AGM Markets regulated?
The historical public record shows AGM Markets held an Australian financial services licence that ASIC later cancelled. A cancelled licence is not the same as current active regulation, so you should not assume the brand is presently regulated without checking the relevant register yourself.
What is the minimum deposit at AGM Markets?
We could not verify a current minimum deposit from a reliable official source. If a site or salesperson quotes a minimum, confirm it against the legal entity’s current account documents before funding anything.
Which platforms does AGM Markets use?
We could not verify a current platform list from a reliable official source. Do not rely on old marketing screenshots or third-party forums for this detail; use the broker’s current legal documents or onboarding pages instead.
How do deposits and withdrawals work?
We could not verify current supported funding methods, fees, or withdrawal timelines. That is a meaningful gap, because funding terms can affect your ability to exit quickly if there is a dispute.
Should I open an account with a broker that has this kind of regulatory history?
For most retail traders, a broker with a warning notice, licence cancellation, and adverse court findings is not the first choice. It is usually better to compare currently licensed firms with clearer public disclosure and stronger consumer protections.
Why is this page written as a recovery review?
Because the public record we verified is dominated by enforcement history rather than a clean current product footprint. A recovery-style page helps readers understand the risks and verify facts before acting on an old brand name.
Check the details yourself
These are the pages we relied on. Read them before you open an account or send money anywhere.