The site is owned and operated by AGX ZEN, which has registration number Cg.01-09-355040. However, the site’s owner does not disclose any information about the jurisdiction of registration of the firm and the location of its head office. Meanwhile, the broker indicates the addresses of 6 branches, including in Switzerland and the UK. It’s worth noting that the company positions itself as a global player in the financial market, which has many years of experience, is “multiple award-winners” and provides services to traders around the world. However, the project has no license, its owners and managers are not presented on the website, and there are no facts from its history. The firm does not disclose the launch date of the project, it is also not indicated on the website, and its domain was registered in September 2023.

Is this platform, which features artificial intelligence, really as reliable as its owner claims? We will analyze the trading conditions and legal aspects and then make a conclusion about the safety of working on this site.

Trading Conditions

AGX ZEN’s proprietary trading platform is available to traders via a web application. Alternatively, you can log in to your profile and continue making your trades via Android and iOS mobile devices. You can trade with over 50 instruments such as currencies, stocks, spot metals, commodities, cryptocurrencies, and global indices.

AGX ZEN reserves the right to suspend or close your account at any time. The broker may make changes to the margin amount without prior notice to clients.

The broker offers all clients variable spreads, negative balance protection, instant execution, and daily analysis. You can choose a tariff plan from 3 options, which differ only in the amount of the minimum deposit:

Mini from $2,500 to $5,000.
Green from $5,000 to $25,000.
Premium over $25,000.

Each of the tariffs includes the services of a personal manager. Deposit methods are bank transfer, credit card/debit card, or cryptocurrency. No commission is charged when you make a deposit or withdrawal. AGX ZEN collects personal information about each customer. This data includes your social security number, mortgage information, and medical records about your health.

Analytics are provided on Forex Screener by TradingView, you can find this platform freely available online. You can get advice via live chat or WhatsApp.

FAQ

Would investing in AGX ZEN offer the best returns?

Cooperation does not mean that you will be able to earn profit with this company. There are big risks for you when trading CFDs on an unknown platform. Rather, the broker will get a profit from your investment.

Does AGX ZEN carry out withdrawals?

Judging by the traders' reviews, this broker can refuse your withdrawals and block your account without explaining the reasons. In this case, it will be difficult for you to achieve justice and defend your interests. If you have dealt with this company, we ask you to leave your comments about the services you received.

May I be scammed on agxtrd.com?

The information on the website about the company's many years of experience and its numerous awards conflicts with the fresh domain. This broker does not indicate the jurisdiction where the brand is registered or whether it has a license. This means that customers always have a risk of being exposed to fraudulent actions from the owners of this website.

What's the best way to share my experience with AGX ZEN?

Fill out the form and we'll make sure your voice is heard.

How can I tell if agxtrd.com is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Criteria

Jurisdiction: No

License: No license

Leverage: 1:400

Broker type: DD

Demo account: No

Affiliate program: Not indicated

Minimum deposit: 240$

Trading platform: WebTrader

Assets: Forex, CFD

26 reviews about AGX ZEN

Paula Mostert
April 21
Mrs
I paid all my tac and axxount cleared.
It moved out the trading platform and AGX ZEN said the money will be in my bank account in 48hours. It's day now and nothing.That support button is for show they don't answer. Not one teleph8me number works of offices. You ask for a license and they ignore .ASIC 8s apparently the regulator . I can't rate if they are a scam. I lost my life savings
Reply
Jan Mac Pherson
April 14
Deposit refund
I did email for a refund how many times and nothing happend. They hold on to your money. Email to the support are ignored. If you don't want to loose your money stay away from these people
Reply
Anna van der Spuy
March 22
Mrs
I deposit money to trade. Have problems with the agent. Want me to deposit more money. When I want to withdrawel they said my bank will not work, need another account. He also try to make a personal loan under my name. Agent who help me was Dylan Swan.
Reply
Andre
March 19
Mr
Yes they are scammers, i allso got in their web of lies. Now i cant get in the site. Stole $85k from me. Allso want me to deposit rax money before i can get money. They are not registered with S.A.R.S so cant ask you for taxes. Did a check with S.A.R.S as i do work for government and have access to registrations of companies. They are nowhere registered and the address in Jo-burg and Cape Town fo not exist. Send out officislx yo go check for me.
Reply
Linda Roberts
February 28
Me
I try to make a withdrawal, they want me to pay tax before I can receive my money, SARS said no .why must I pay tax on money I haven't receive.what can I do to withdraw my money.
Reply
Eugene
February 20
Mrs
Why do you need to pay taxes first before you can make a withdrawal is this to defraud you even further after your initial payment
Reply
Ben Kruger
February 9
Mr
I trade on this platform. When I want my money I had to pay R27000 for taxes as they claim. I only paid R15000 but they refuse to pay out any money to me
Reply
Cornet Steyn
February 8
Ms
I am trying to withdrawal my fund no help from any one of them they are pathetic don't trust them
Reply
johannes hendrik mare
February 2
Mr
I am shocked or rather disappointed. I made my first deposit and started trading 3 months ago. After a month I wanted to deposit more funds but unfortunutaly the system was closed and I couldn't make any deposits. I was informed by the broker that the only way to deposit was through a banking link, which he wil provide and he tried to force me to make a large deposit. Red lights were flickerring for me and I did told him that I first wanted to look if it was not a scam. He then told me to make a withdrawel to test the system which I refused to do as I wanted to continue tradin on my own. After a few months my investment grew to $38000. when I attempted to make a withdrawel, I was denied access. I left a message and was later contacted by another broker who wanted me to make a further investment of $15000. I told him that I dont wnt to make further investments as my trading were going well. I only wanted to make a with drawel. He the told me that they decided to liquadate my account and that they will pay out $35000 to me. H efurther told me that I cant receive the money in my bank account and that I must open a BITCOIN Wallet in which they will deposit the funds. I then told him that I already have a BITCOIN Wallet with LUNO. He agreed to deposit the funds into that account and I must contact him today, 2024/02/01 for assistance. Well needless to say, he then attempted to obtain a link from my bank account to deposit the money and established that such a link does not exist. He then accessed my Luno account and told me that I must first deposit $6400 into that account to cover the taxes before he can release the funds, because that is the agreement with the South African government. How can you pay taxes on something you don't have. That was never revealed when I invested with AGX ZEN. As I understood it, the only rule was that you must use the same bank account from where the deposit were made to receiv any withdrawels. Obvious one have to pay tax therefor, as a lawyer, I am well aware that I must pay taxes and that the banks as well as SARS will ask questions if a person receive large amounts of cash, meaning that all income have to be declared. This person must realy think I am a mooron, which I am, for investing with AGX ZEN. Needless to say that my funds is still in the system and I continue trading, although I know I will never receive my money. THIS IS A SCAM AND NOTHING ELSE. Thank you ERIK VERNER and ALEX BRANT.
Reply

Piet Venter
March 24
mr
This Erik Verner like to raise his voice and wanted to force me to open my cellphone so he could have full access to everything on my phone. i denied it so he got very cross
Reply

A Davies
January 29
Mr
Agxtrd.com stole 25,000 USD from me,They are professional SCAM artists
Reply
Eugene
January 17
Mrs.
I've made a deposit on the 3 Jan 2024 the account manager Elizabet Kritzinger called and took me through the platform and made a trade. The second day she wanted me to make a new deposit I said that their platform does not work as advertised by Elon Musk . I made some trading myself and then tried to withdraw
my funds today 17 Jan 2024 but their system does not allow me to print a form to complete the withdrawal. I also send several WhatsApp messages to Elizabeth the account manager and have yet to receive a response. I also tried to chat with then on their site to no avail . My conclusion is that this is a scam company . I hope that other people don't get scammed by them
Reply
A WOLMARANS
January 9
MR
HI

I’m not happy with them I have now tried to withdraw my funds for a month now and they have 300 excuses for not paying me my funds from it take two days to 5 days and
Then you have to pay more money to get your money out ext.

I’m sure this is a big scam so be very careful as to what you invest with them
Reply
albertus
January 7
Mr
what a friendly bunch i must say until you try and withdraw your money i have now tried to withdraw my profits for almost a full month and all tough I get response from them i still do not have my money so all be aware big red flag for this one
Reply
albertus
December 23
Mr
I have now tried for 2 months to withdraw my funds and they only have excuses like i first have to pay in to get my money out to the bank i use are not up t date and cannot handle forex payouts yet a month before when i joined i withdrew $200 and it took them 2 days and the money was in my account now that I’m trying to withdraw more than $10 000 they have major issues and no one is getting back to me ........I would think twice before I use them again ..issue still not resolved
Reply
Timothy Ontong
December 22
Bad experience for me.
Bad experience for me. I have a trading manager called Peter Muller. I called regularly informing me of my good profits but when I apply for a witdrawal, it is a very long process during which I have to tranfer money from my account into some other account before I can receive my money. During this process he request my personal banking pin which to me sound very suspicious to say the least. Then follows calls from about 5 different 'colleagues' offering to assist/convince me to go ahead with this if I want my money. What do you expect me to think. I have invested R51000 and he has stopped trading for me and my investment currently shows just over R240000. try to make sense all this...
Reply
Elmo Scheffer
December 10
Mr
This platform is a scam. I did a min investment and did two trades. They wanted me to deposit aditional funds to trade larger amounts. I asked them to pay out the initial amount and profit so I can see if they are ligit. Its been 5 weeks now and have yet to receive any payout. Lots of whatsapp messages with empty promises and no money.
A person by the name of Isaac was the contact person. I am almost certain that all these 5 stars are fraudulent bogus posts.
Stay away from this company. You will not see your funds ever again
I have to post 1 star otherwise it will not accept my post. Otherwise zero stars.
Reply
Leoni De Lange Coetzee
December 7
Mrs
My money is there a month now. I try 15 times to withdraw. I got a stroke after my sons death. No email work. No phone work. Now without me knowing it and i can lost the feeling in my legs without meds they block my account till 31 Des. He said if i ask one more little withdrawal for meds he block it till April. I tape the recordings. He said i must sell my house for meds or rather just die. I get a fit today again because of him. I have no cent for December. Pls help with bossos numbers i must get money. I can end up in a wheelchair. Dt said second stroke will be fatal. He owe me ZaR 25000. I cant. I swear i cant anymore
Reply
Anna-Maria Radyn
December 7
Ms
You are the biggest scammers. You are not to be trusted by anyone. You're bad people and bad company.
Reply
Rome
November 22
The broker does not pay me money
I applied for a refund of my deposit in the amount of $875 2 times, and have not received a single payment from Agx zen. I regret that I got in touch with scammers.
Reply
Mashroom14
October 27
I lost my entire deposit
I should have expected an anonymous broker to leave me with no money. But I decided that I was the most experienced and smartest. I believed in the promises of Agx zen advertisements that the broker has no commissions, and that deposits and withdrawals are fast and trades are instant. However, the spreads here are gradually and constantly widening, there are some slippages on the terminal. In a word, no matter how many deals I made, I was always in the minus. When I drained my 1,300 pounds, I finally started to collect information about this company. It turns out that this broker was not authorized to operate financially in the UK. I tried to talk to the manager. I heard only one phrase from him: "You were warned about trading risks". That's how I "earned"...
Reply
oly
October 24
The platform with AI is worthy of your attention
I have no complaints about the trading process: stop losses are stable and do not fail, and the platform does not glitch, so I can call this broker reliable. By the way, the fact that there are innovations in the form of AI is a big plus. I also liked the consultations, my personal manager told me everything I needed for successful trading right after my registration.
Reply
and
October 16
Promising service
I can recommend it for you... I will mention the following points I like: spreads, i.e. price gap per order, are minimal, commission rate for executing a trade is also minimal. There are young but promising guys working here, at least in the next 5-10 years I believe in a multiple increase in the number of new users and, accordingly, in trading volumes. Their commissions are slightly below the average for all brokers I have seen. The site provides analytical information and fresh news. The conditions for trading are favorable, as I have already mentioned above, the leverage is adequate. Terminals work equally well on PC and on the phone, which I also liked the most. You can use any device, I did not notice much difference in speed, all transactions are executed instantly. By the way, technical support does their job clearly, without unnecessary words. In general, friends, I recommend AGX ZEN!
Reply
Hrom
October 9
I will tell you about the advantages
I have been working for a long time with this broker, but I am trying others at the same time. I have not yet decided which one is better, but the advantages are already clear to me. Firstly, there is a convenient terminal for work, and secondly, there is a competent personal manager. In addition, there are smart robots, one of which I am testing now and so far I am making a profit. Overall I am satisfied, but I would like more new digital assets and group training sessions on forex - it would really elevate AGX ZEN in my eyes. You can make a good profit with this broker and can withdraw it easily, and for me, that's a major plus.
Reply
sstrue
September 26
I am new to Forex, but I am not sure about the reliability of this broker
I decided to turn my attention to earning money trading currency pairs, I saw that agx zen was advertised as one of the top firms. However, this site is weak, I can not understand why the broker is trying to attract new clients by promising them the help of artificial intelligence, and this technology is still quite imperfect, and rather a trader with it will lose all the money. Why does the company keep silent about regulation or licenses?! Where are the guarantees that it is not a scam I will be able to return my investment? I have no confidence in all this, even after communicating with tech support I have no feeling of safety of this site.
Reply
DPK
September 22
NOT RECOMMENDED!!!
I made a request for withdrawal of earned money, the broker answered me once by email that "withdrawal of funds within 1-5 working days" and after that 5 weeks have passed, and the transfer has not arrived on the bank card...My money in the amount of about 3 thousand euros disappeared... My repeated appeals to the support and e-mail are ignored! If you have "extra" money - transfer it to agx zen :(, and if you need your money more than this company, then avoid this scam site... I feel sorry for the naive people who will come here to EARN money and will not be able to withdraw their earnings :(
Reply