Summary of AGEA Trading Company
AGEA (formerly Marketiva), established in 2005, is a Montenegrin company that initially offered online Forex trading services to investors. However, the broker ultimately disappointed its clients and was revealed to be fraudulent.
It is crucial to note that AGEA currently operates without any valid regulatory oversight.
Numerous traders have lodged complaints against AGEA, alleging that the broker failed to fulfill its obligations, particularly regarding the processing of deposits and withdrawals. The AGEA website is also dysfunctional, often inaccessible, outdated, or containing obvious errors.
Furthermore, the AGEA website lacks transparency on crucial aspects such as spreads, commissions, and pricing, hindering potential clients from making informed decisions.
AGEA has been blacklisted by the relevant supervisory authority, and a warning about this company has been published on the regulator's website.
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FAQs
Why has AGEA been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against AGEA by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of AGEA is down, not updated or operates with clear errors and some features are not available;
• AGEA has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if AGEA got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why AGEA got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from AGEA?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if AGEA is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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