Is Argon Financial Scam or Legit Broker?

No, Argon Financial is not a safe broker to trade with. Based on the website Argon Financial Limited is based in Gibraltar and operates under the authorization and regulation of the Gibraltar Financial Services Commission (ref FSC0824MIF) additionally website mentions that it is subject to limited regulation by the Financial Conduct Authority in the United Kingdom (ref 630135). However, since Gibraltar is an offshore zone it means in fact broker does not hold any serious regulations, thus its offerings are considered insecure.

  • Besides, we were able to reveal that FCA has issued a warning against this firm on the basis that it is a clone firm and the number used as an FCA registration reference belongs to another company, not Argo  Financial. Clone firms are considered complete scams in Forex trading, and the only thing traders should do about them is to avoid them at any cost.

About Argon Financial
🗺️ Registered inGibraltar
🗺️ Type of LicenseOffshore License/ No license
🛡️ Is Argon Financial safe to trade?No
🗺️ Recommended LicensesFCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Argon Financial?

According to its website, Argon Financial is a highly regarded Category 1 Investment Dealer that operates in full compliance with regulatory standards. They state to offer an extensive range of financial products and services, catering to individual and institutional clients. Traders can enter the broker's services through a single account, which includes custody services for equities, fixed-income securities, and funds. Trades are conducted through popular platforms, such as Eze EMS, CQG, TT, and Bloomberg EMSX.

  • However, the information the broker provides and the one we were able to reveal is a far call from this. In fact, Argon Financial was issued a warning from the FCA on the ground that the company is considered to be a clone firm.
  • According to the FCA warning, Argon Financial is a clone firm of Alvar Financial Services, a secure broker partially authorized by the FCA. Evidently, Argon uses the number from another company with another name and, in fact, is not regulated by the FCA. Based on the provided evidence, there is no relation between the two brokers. (See the FCA Warning Here). Thus, Argon Financial is a clone firm that is targeting people in the UK, claiming to be an authorized firm and in fact is not a safe option with fake claims

Argon Financial

Overall Argon Financial Ranking

Taking into consideration our revelations of Argon Financial security and regulations issues, we do not rank positively Argon Financial, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

  • Argon Financial Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

RankingArgon FinancialXTBAdmiral Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading EnvironmentTrading Platforms

Argon Financial Alternative Brokers

Considering our revelations about Argon Financial reliability and safety issues, here are much better Alternatives to Argon Financial with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

Trading Platforms

Argon Financial gives quite a wide choice of trading platforms to their clients. However, it needs to be mentioned that the broker does not give access to the most famous Forex platforms, such as MT4 and MT5 suitable for pattern trading

With Argon Financial traders can conduct their trades on Eze EMS, CQG, TT, and Bloomberg EMSX.

  • All of Argon Financial trading platforms provide super low-latency speed of execution, price transparency, underlying market liquidity, depth of market trading, and advanced professional trading functionality.

Deposit & Withdrawal

Actually, the Argon Financial website provides little information about the broker’s offerings. There is almost next to no information about depositing and withdrawing funds.

  • The thing is that the withdrawal process itself is crucial for any broker, and if there is no information about it, it is already a huge red flag. 
  • We can only advise to sign in with a broker that has a well-organized funding process, with multiple options and strict policy.

Argon Financial Review Conclusion

We strongly recommend avoiding Argon Financial. This is a clone broker, which means that Argon Financial is using false information to attract traders. In Forex Trading the only way to profit from trading is to find a reliable broker with years of experience and good standing. For this, we advise finding a broker with licenses from top-tier authorities, such as FCA, ASIC, or CySEC. Sign in only with trustworthy brokers, such as FP Markets, HFM, or XM.

  • Overall ranking and experience for Argon Financial is Negative

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