Is AGAM a scam or a legit broker?

AGAM broker is Non-Regulated Broker. It is NOT SAFE to trade with this company. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

About AGAM
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is AGAM safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

Atlantic Global Asset Management or AGAM is a joint-stock investment fund company, which deals with investments, capital and asset management, preparation of companies for IPO and as well develops fintech-directions, as stated on the official website. The broker claims its service and work in 35 countries all over the world, mostly on developed Asian markets while the address of the company is shown in Cabo Verde. In addition, the broker states its ownership of the large Asian bank that allows the company to preserve security and processing of transactions.

AGAM Review

However, the company operates without any license or authorization from the world watchdogs that oversee the financial investment firms. The EU and other authorities constantly monitor the financial offerings in order to protect the clients from the frauds, while issue warning to unlicensed companies that put a high investment risk. Atlantic Global Asset Management was detected by various regulators to provide its service without authorization, therefore appeared in a warning or blacklist if BaFIN (Germany), FCA (UK), FSMA (Belgium) and others.

“We believe Atlantic Global Asset Management firm has been providing financial services or products in the UK without our authorization. Find out why to be especially wary of dealing with this unauthorized firm and how to protect yourself from scammers.”

FCA, UK

“The Financial Services and Markets Authority (FSMA) once again warns the public against the activities of the Atlantic Global Asset Management company. In spite of earlier warnings, the FSMA continues to receive questions from consumers regarding the company activities.”

FSMA, Belgium. 2017

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about AGAM. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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