Agility Forex

Ahmed Harb

1-2 years

Is Agility Forex overseen by any regulatory bodies, and if so, which financial authorities are responsible for their regulation?

WikiFX Reply

From my research and experience, I can confirm that Agility Forex is not overseen by any recognized regulatory bodies. This company is based in Canada and has been operating for several years, yet it currently lacks valid regulatory oversight. As a trader who prioritizes security and transparency, this is a significant red flag for me. Regulation is essential in forex trading because it ensures that a broker adheres to industry standards, maintains adequate financial practices, and offers important safeguards for client funds. In my assessment, the absence of regulation means clients of Agility Forex do not have the protection mechanisms—such as recourse to regulatory authorities or compensation schemes—that are standard with licensed brokers. Although Agility Forex advertises features like fund segregation, the lack of external regulatory scrutiny makes it difficult to verify how thoroughly these practices are enforced. For me, this raises serious concerns about financial transparency and client safety. I personally would be hesitant to commit substantial funds or rely on any broker that has no clear regulatory status, regardless of other features or claimed benefits.

Broker Issues

Agility Forex

Regulation

08-19

United States

Arnold Joseph

1-2 years

Given the reviews and your assessment, how would you evaluate whether Agility Forex is a legitimate company?

WikiFX Reply

Based on my evaluation and the information available, I approach Agility Forex with considerable caution. As someone who has navigated the forex market for years, I know that clear and verifiable regulation is fundamental for any broker’s legitimacy. Unfortunately, Agility Forex operates without valid regulatory oversight, which significantly increases the risks for clients. In my experience, lack of regulation not only raises questions about the company’s adherence to industry standards, but also about the level of financial transparency and the robustness of client fund protections they claim to provide, such as fund segregation. While the broker highlights features like international payments, no commissions, and 24/7 support, these benefits become markedly less persuasive in the absence of a regulatory framework. For me, regulatory licensing isn't just a formality—it’s the assurance that a broker operates under strict guidelines, is subject to independent audits, and can be held accountable in the event of disputes or insolvency. The WikiFX assessment underlines high potential risks, including a suspicious scope of business and the fact that no physical office was found upon inspection. Although Agility Forex advertises competitive fees and claims certain client protections, these should not be taken at face value without external validation. In my judgment, given the current structure and lack of oversight, I would not be comfortable entrusting significant funds to Agility Forex. When it comes to forex trading, my priority is always the security of my capital, and in this case, the risks substantially outweigh any potential advantages.

Broker Issues

Agility Forex

Regulation

08-13

United States

Rustam R

1-2 years

Can you use Expert Advisors (EAs) for automated trading on Agility Forex's platforms?

WikiFX Reply

From my experience as a forex trader who values transparency and regulatory safeguards, the first thing I consider when looking into any broker is the reliability and features of their trading platform, especially when it comes to using automated trading tools like Expert Advisors (EAs). Based on my research into Agility Forex, I found that while they do offer forex trading and promote certain payment services, there is a lack of crucial information about the specific trading platforms they support. I could not confirm whether Agility Forex provides access to standard forex platforms such as MetaTrader 4 or MetaTrader 5, which are typically required for using EAs. Furthermore, a significant concern for me is that Agility Forex currently operates without any valid regulatory oversight. In my view, a lack of regulation not only raises questions about the platform's transparency and security but also means there are fewer assurances if something goes wrong, including potential issues with automated trading. The absence of publicly available details about integration with third-party trading software or support for algorithmic strategies makes it impossible for me to recommend Agility Forex as a suitable choice for traders who depend on EAs. Personally, I would exercise caution and seek brokers with clear regulatory standing and explicit support for automated trading before committing funds or trading strategies. For me, the lack of reliable information and the absence of regulation present too much uncertainty regarding EA compatibility on Agility Forex.

Broker Issues

Agility Forex

Instruments

Leverage

Platform

Account

08-12

United States

schlaepfi

1-2 years

Could you give a comprehensive overview of Agility Forex’s fees, covering both their commissions and the spreads they charge?

WikiFX Reply

As an independent forex trader prioritizing broker transparency and cost efficiency, I scrutinized Agility Forex’s fee structure closely. According to my findings, Agility Forex advertises itself as having zero commissions on trading. Instead of a traditional commission-based model, the broker primarily imposes a flat rate fee of $15 (or the currency equivalent) for non-domestic fund deliveries—such as sending CAD to Europe or GBP to Australia. For very small transactions below $500, or specific jurisdictions, fixed charges do apply, and these are disclosed in advance. However, I could not find any specific public disclosure regarding their spreads. For me, this lack of transparency around spreads is troubling because, in the absence of commissions, brokers often widen the spread to generate revenue. Without direct, detailed spread information, it’s challenging to accurately compare overall trading costs with regulated peers who must publish clear fee and pricing tables. The appeal of commission-free and fee-disclosed transfers is somewhat offset by this opacity. Given Agility Forex operates without regulatory oversight, the absence of published spread data is a cautionary red flag. Personally, I am always vigilant with any broker that does not fully outline all elements of its pricing model, because hidden costs can erode trading profitability over time. For risk-sensitive traders, I advise weighing these factors very carefully before committing significant capital.

Broker Issues

Agility Forex

Fees and Spreads

08-03

United States