Agora Trading is a formerly relatively unknown broker from the UK. In Germany, the company is represented by a branch in Berlin. It offers trading in stocks and warrants on the stock exchange as well as off-exchange with CFDs and foreign exchange. Trading fees are low, but some established brokers are even cheaper in the broker comparison .
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- Agora Trading at a glance
- The first impression
- The offer
- The prices in comparison
- The trading platform
- Information and service
AGORA TRADING AT A GLANCE
- British broker
- Branch in Berlin
- Stocks, CFDs and Forex
- Low costs
CONTINUE TO DEGIRO: www.degiro.de
THE FIRST IMPRESSION
At first glance, Agora Trading’s website looks a bit dated. The design is simple and some information is missing. For example, the broker promises not to cash customers over high spreads, as some other providers would. But if you click on “Some examples IQ Option can be found here”, you only get the message “This area is still under construction”.
That the broker uses green power from Greenpeace Energy is nice, but for most traders it may not be the main brokerage choice. Somewhat misleading is also the note, as a British broker is not obliged to pay the final withholding tax. That’s true, but earnings have to be taxed at the end of the year, but there is no automatic tax collection by the bank
Agora Trading or Agora Direct, as the name implies, describes itself as a “gateway to world markets.” In fact, the offer is comparatively large, with both over-the-counter CFDs and currencies traded on the stock exchanges and shares Agora Trading is a British company and is monitored by the local FCA, but due to its German office, the broker is also registered with BaFin.
The broker has access not only to the markets in North America and Europe, but also to many Asian stock exchanges, such etoro as those in India, Singapore, Hong Kong, Japan and Korea.
Agora Trading offers
- raw materials
CONTINUE TO DEGIRO: www.degiro.de
THE PRICES IN COMPARISON
Agora Trading advertises with very reasonable prices. However, the order fees for shares are by no means unbeatably low, and established brokers such as DAB Bank, DEGIRO , flatex and the Shareholder Bank offer fees that are even lower than those of Agora Trading.
Greater transparency is provided by the fact that Agora charges a fee for CFD trading rather than an increased spread. For the abandonment of order fees at many CFD and Forex brokers is at first glance an attractive offer, but especially market makers earn a high difference between buying and selling prices. This can be even more expensive for the customer than a provider with fees and a lower spread, but above plus500 all, it is much more intransparent.
However, especially with low sales of less than € 2,400 per trade, the basic fee is a cost driver. In addition, STP brokers often also offer low spreads plus a fee. Because in straight-through processing, the broker does not take part in trading himself, but only forwards the orders, the spread is usually determined by the supply and demand of trading partners. IG, the best STP broker on StockDepot.com , requires a higher fee for low trading, but is even cheaper than Agora Trading for medium and high amounts.
THE TRADING PLATFORM
The broker offers its own software with the Agora Trading System (ATS). First, it is noticeable that the trading platform is offered not only for Windows and MacOS, but also for Linux. This is rare, because even the widely used MetaTrader is not provided by default for Linux, but traders have to install an additional program for it.
Overall, the platform does not inspire. Even the Webtrader is not the best trading software ever developed. In addition, Agora still offers apps for smartphones, also here is the positive number of supported operating systems, except for Android and iOS, there is the application namely for Blackberry OS. The MetaTrader is not offered by Agora.
INFORMATION AND SERVICE
A news ticker informs the traders about current, stock exchange-relevant events. But much more background information does not exist, with other providers Agora Trading can not keep up here.
Also a demo account is missing, as well as the possibility to contact in the live chat. After all, a German-speaking team can be reached by mail or phone with questions. There is also a category with questions and answers that is very confusing.
Agora Trading is certainly not the worst broker in the market. However, other companies offer better conditions for both equity and CFD and forex trading. Also, the equipment with analysis, trading software and customer service are better with some providers, which are nevertheless not necessarily more expensive. For this, the broker is one of the few companies that also offer a trading software for Linux.