ArgusFX

Introduction to ArgusFX

ArgusFX was established in 2000 and is headquartered in Nicosia, Cyprus. The broker is rated 7.3/10 on BrokersView based on numerous user reviews, reflecting a fairly reliable level of service.

One key highlight is its very low minimum deposit, starting from just 1 USD/EUR/GBP/PLN, making it accessible for new traders. ArgusFX operates under the STP (Straight Through Processing) model and offers a wide range of trading instruments, including forex, CFDs, stocks, precious metals, and futures.

Trading Platforms & Technology

ArgusFX supports the MetaTrader 4 (MT4) platform on Windows, macOS, iOS, and Android. The broker applies variable spreads and allows trading with small volumes starting from 0.01 lots.

In addition, it provides Islamic Accounts, supports multiple base currencies, and offers maximum leverage of 1:30, in compliance with European regulations.

Regulation & Licensing

ArgusFX is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) under license number CIF 334/17. This is one of the reputable regulatory authorities in Europe, enhancing investor confidence.

Costs & Customer Service

Trading costs and spreads are rated above average, with a score of 7.4/10. Customer service also scores 7.5/10, reflecting a relatively stable level of support.

The broker partners with several liquidity providers, notably Match-Prime Liquidity, to improve execution speed and overall service quality.

Key Considerations

Currently, ArgusFX’s official domain is inactive, and there is information suggesting that the company may have been acquired by Eight Plus Capital Ltd. This raises concerns about transparency and the broker’s long-term stability.

Some users also reported issues with account management and delays in customer support, although many still highlight stable platform performance and fast trade execution.

Conclusion

ArgusFX offers a low entry barrier with minimal deposits, a transparent STP model, trusted CySEC regulation, and the widely used MT4 platform. It may be a suitable choice for beginners or traders wishing to test with smaller capital.

However, the inactive domain and possible acquisition raise questions that require careful verification. Investors are advised to exercise caution, confirm the broker’s current operational status, and start with small accounts before committing larger funds.