Broker Review · last checked July 2, 2026
AGM Markets Review
AGM Markets has a troubled regulatory past in Australia, including ASIC warnings, licence revocation, and court rulings on unconscionable conduct. This review focuses on risk awareness, fact verification, and comparing 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
Approach AGM Markets cautiously. ASIC records reveal a warning, licence cancellation, and Federal Court findings of systemic unconscionable conduct related to OTC derivatives. For most retail traders, this history signals serious risk and suggests choosing brokers with current licences and cleaner records.
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
| Entity / brand | Regulatory status | Regulator / register | Evidence notes |
|---|---|---|---|
| AGM Markets Pty Ltd | Authorised then cancelled — ASIC | ASIC public registers / media releases | AFS licence 422662; public warning 13 Feb 2018; licence cancelled 5 Nov 2018; ASIC cited unconscionable conduct. |
| AGM Markets Pty Ltd | Subject To Asic Public Warning | Asic Public Warning Notices Register | Listed in ASIC warning notice dated 13 Feb 2018 with OT Markets Pty Ltd and Ozifin Tech Pty Ltd. |
| AGM Markets Pty Ltd | Court findings of misconduct | ASIC media releases | ASIC reported Federal Court findings of systemic unconscionable conduct and later $75m penalties. |
| AGM Markets brand website | Broker website / support centre | Official website | Not verified in public registers; current legal pages not confirmed from official website. |
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 far from a typical low-risk broker. Its public profile is dominated by regulatory actions, not transparent product details. Since no reliable current official website was found, this review relies on regulator data and advises readers on what to verify before dealing with any entity using the AGM Markets name.
Pros
Serves as a useful reference for Australian FX/CFD enforcement history; a cautionary example for due diligence; regulator records are publicly accessible.
Cons
ASIC warning and licence cancellation; Federal Court ruling of unconscionable conduct; no solid evidence of a stable, licensed retail offering; unsuitable for traders seeking a clean regulatory record.
Safety and regulation
ASIC’s records indicate AGM Markets received a warning in 2018, had its Australian financial services licence revoked that same year, and was subsequently found by the Federal Court to have engaged in systemic unconscionable conduct concerning OTC derivatives. These facts seriously undermine claims that AGM Markets operates as a properly regulated broker today.
Fees, account types and platforms
No verifiable information on current account types, minimum deposits, spreads, leverage, or platform offerings was found from credible official sources. Treat any claims about AGM Markets’ current products skeptically unless supported by up-to-date legal entity details and disclosure documents.
Deposits and withdrawals
There was no official funding page available to confirm payment methods, processing times, or withdrawal fees. This is significant because funding terms often reveal problems early. If you encounter any offering under the AGM Markets name, verify the payment processor, chargeback policies, and client money protections before transferring funds.
Country availability caveat
We do not assert where AGM Markets is available since the public evidence relates only to Australian regulatory action and does not confirm any active retail presence elsewhere. Availability can vary by legal entity, so verify the entity name, jurisdiction, and licence status relevant to your country before proceeding.
Alternatives
If you want a broker with a clearer, verifiable public record, look for firms actively regulated in your jurisdiction with transparent fees and documented funding terms. Use our regulated-broker and methodology pages to compare safety, costs, and platform support rather than relying on brand recognition alone.
Common questions
Is AGM Markets safe?
Given the public regulatory history we reviewed, AGM Markets carries high risk. ASIC issued a warning, cancelled its licence, and the Federal Court found unconscionable conduct. While not every mention of the brand is fraudulent, proceeding requires caution.
Is AGM Markets regulated?
Historically, AGM Markets held an Australian financial services licence that ASIC later revoked. A cancelled licence is not active regulation, so do not assume the brand is currently regulated without checking official registers.
What is the minimum deposit at AGM Markets?
We found no reliable source confirming a current minimum deposit. If quoted a figure, always verify it against the latest legal entity documents before making any payment.
Which platforms does AGM Markets use?
No current official platform list is available from credible sources. Avoid relying on outdated marketing materials or forum posts; instead, refer to the broker’s official, up-to-date legal documents.
How do deposits and withdrawals work?
We could not verify current payment methods, fees, or withdrawal times. This gap matters because funding conditions can affect your ability to withdraw quickly in a dispute.
Should I open an account with a broker that has this kind of regulatory history?
For most retail traders, a broker with warnings, licence cancellation, and adverse court findings should not be the first choice. It’s generally wiser to select brokers with active licences, clearer disclosures, and stronger consumer safeguards.
Why is this page written as a recovery review?
The publicly verifiable record centres on enforcement history, not a clean, current product offering. This approach helps readers grasp the risks and verify facts before dealing with a legacy brand name.
Check the details yourself
These are the pages we relied on. Read them before you open an account or send money anywhere.