ANSWER Before considering trading conditions, verifying a broker's licenses is of utmost importance. Given AGAllianz's unlicensed status, we strongly suggest avoiding it.AGAllianz claims to have a Companies House (CH) registration number, 15241684, linked to ALLIANCE GROUP INVESTMENTS LTD in the CH register. However, it's crucial to understand that individuals and firms providing financial services in the UK are required to obtain authorization from the Financial Conduct Authority (FCA). Yet, there are no corresponding records from the FCA to substantiate the broker's legitimacy, raising concerns about its validity.Furthermore, the Federal Financial Supervisory Authority (BaFin) has issued a warning against AGAllianz, emphasizing that the company is operating without the necessary authorization.Given these circumstances, AGAllianz is far from a secure option. Investors are strongly advised to steer clear of unlicensed brokers like AGAllianz to protect their funds from potential fraudulent schemes. Instead, it is recommended to consider fully regulated brokers.
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