Warning! AGA Traders Group Is A Scam Forex Broker

Recently, Brokersview found that many investors have been complaining against the forex broker AGA Traders Group for scamming. Based on the information we hold, some investors claims to be caught in a fraudulent romance scheme and some in withdrawal scam operated by the broker.

Charge high withdrawal fees

An investor posted his scammed experience with the fake broker. He said that he opened an account with AGA Traders in November 2020 when the broker claimed that there was not any opening or withdrawal fees.

However, when the investor wanted to withdraw money, he was told to pay 20% service fee upfront before he could withdraw money from the account.

“Even I pay the 20%, there is no guarantee I can get my money back. Stay away from AGA Traders,”he said.

In addition, there is another investor who was entrapped by the broker. According to the investor, he was invited by a Taiwanese woman to register with AGA Traders and then deposit 400,000 yen into his account. But after he made a withdrawal request, the broker refused and cut off contact.

AGA Traders is not regulated

AGA Traders operated under the website http://www.agamarkets.com which is not working now and claimed to be headquartered in the USA, but aren’t actually regulated there, nor anywhere else in the world. Furthermore, it’s registered in the United Kingdom but has no a license from the Financial Conduct Authority (the FCA).

What’s more, we found that AGA Traders is sharing the same IP as Lead Deer Company limited, Business Choice Partners and East-Century trading. Although its website is not working now, the same scammers may setup a new website to further scam innocent investors.

Brokersview suggests investors to stay away from the broker and keep vigilant when choosing forex brokers. When looking for a licensed broker, it's important to verify its authenticity and business status. If you are not sure, you can search on our website to check brokers' details.