Agondafx

Upon opening Agondafx, we were immediately aware of this broker's nature and intentions. This is yet another, in a long line of illicit brokers, that aims to do one thing, and one thing only… Read on to find out all about it.

The entire website of Agonda is suspiciously lacking in information, but the most obvious missing piece of the puzzle is undoubtedly the license. There is no mention of a regulation, nor does it say anywhere where this alleged broker is registered. Such mysterious companies are always UNREGULATED, and a risk to anyone who deposits in them.

We strongly advise traders to trade only with regulated brokers that hold a license from renowned and severe institutions such as the FCA or CySEC. Not only do these agencies oversee operations and require regular reports from brokers registered with them, but those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

We opened what was said to be a live account, yet we were not able to access a trading platform. The reason for this was that the broker required ID documents of us, which is a good thing, but still in Agondafx's case we find it suspicious. We assume that the broker wants to check on its users before initiating a scammer scheme. Needless to say without a proper platform overview we were unable to get a hold of any trading conditions. This is to say that not only is there no trading platfrom within our grasp, but the website itself is very poor and offers close to no trading info.
We were onyl able to squiz in soem tradeable asset types: Forex Pairs, Indexes, and Crypto currencies. Again, we are not 100% confident that these are actual.

The only languages are English and Chinese.

AGONDAFX LOGIN

As previosly mentioned the user dashboard offered us no access to a trading platform. Still, there is talk of an MT4, but without an account we cannot 100% confirm that the broker’s word of a MT4 trading platform is to be trusted.

It's our personla belief that the broker has no trading platform, and instead relies on more novice users with high expectstions to deposit.

AGONDAFX DEPOSIT/WITHDRAW

There are a few things to dicsuss here. First of all, Agondafx has no payment option in the client area which is odd. Second, the website only casually mentions that withdrawals and deposits are instant; this is the only payment detail on the entire website. And finally, there are no legal documents that bind the user andf broker to a set of rules.

Here's what we thing this alleged brokerage firm does. We assume that Agondafx innitiates a popular scammer schemes, in which users, those who have provided actual contact details, are contacted by the broker’s representative whose one and only goal is to push you to make an initial deposit. In so doing, the first stage of the scam is complete- the pitchers have won themselves a hefty commission. After the pitchers are done with you, the retainers, or so called “personal account managers” will charm and manipulate you into funding your account with much larger sums of money ($10 000…), because, as they will claim, that is the only for you to profit in the tens of thousands. From there you money will be forever lost.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

Never give away your CVV code without first making sure that the broker is regulated by an efficient agency. By giving away your Card info with the CVV code to some unconfirmed person you are literally giving access to your funds, and if these details fall into the wrong hands, rest assured that your bank account will be promptly emptied.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

ADDITIONAL FEES AND TAXES

There are no additional fees mentioned in because there are no Legal Documents.
Be sure to note that any effort to withdrawal your money will be unsuccessful. Thsi scamer will firmly advise you against withdrawing, or they will ask more deposits needed if one wished to withdrawal. Scammers come up with additional fees and taxes for the sole purpose of keeping you on stand-by, and to deplete as much money from you as is possible.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use this to build a stronger case against you in the event that you request a chargeback.

We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.

HOW TO RECOVER

Don’t delay, and file for a charge back ASAP with your bank or credit card company, but also ask them what the situation with your current account is.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Victimized traders will have their guards down looking for every opportunity to get their money back. This is where the fake recovery agents come in, seeing an opportunity in your desperateness. First of all, they will promise to recover all your money, but they will ask a fee to cover their services. Once this fee is paid rest assured that you will never again hear from them.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Not in a million years will we recommend Agondafx to anyone. Readers should stay away from this one!