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May 26, 2016

Non-SWAP MT4 Instrument Name to be Changed

In order to provide better service AGEA will change instrument names for Non-SWAP MT4 account on June 18, 2016, new name will be added a suffix "n" to current instrument name, for example, EURUSD will be changed to EURUSDn, all other settings remain same (no SWAP, spread will be same, etc.).
Usually you do not have to do anything when AGEA change instrument name, but if you trade with EA or other automatic trading system, you may need to setup a suffix for the instrument, for how to setup it, please refer to EA / automatic trading system's help document.
If you can not find answer in FAQ below to your questions, please contact us through Live Support or send us emails at support@agea.com;

Q: Do I need to close open positions when you change instrument name?
A: No, you do not need to do anything.

Q: Will you change all positions' instrument name including closed history positions?
A: We will only change open positions' instrument name to new one, we will not change closed positions'.

Q: Do I need to change my EA settings?
A: Refer to your EA help to see if it is necessary to change your EA settings, usually EA provides a Symbol Map function, check that part in help file.

Q: What else will you change for non-swaps account?
A: Only instrument name.

Best Regards,

Wison

June 15, 2012

How to choose a forex broker?















How to choose a forex broker?


With almost a $4 trillion average daily turnover in the global foreign exchange market and many technical and fundamental techniques to help you predict the market, forex is a great way to make money in the comfort of your own home.

But with hundreds of forex brokers out there how to you know which one to choose? Here are some key points you should consider:

MT4 and Streamster
Platforms


Platforms

Trading forex online is performed through a platform. One of the most internationally recognized and widely used platforms is MetaTrader 4 (known as MT4). MT4 allows many currency pairs, indexes, commodities and other futures to be traded, and assist traders by performing technical analysis at the click of a button.


Trade on mobile,
tablet and PC


However if you are new to trading then a simplified platform may be more useful. AGEA provides an excellent platform, Streamster. Like MT4, Streamster beside forex offers many CFDs (indexes, commodities) but has the advantage of being more user friendly, requires no deposit (some company require thousands of dollars in deposits to use MT4) and you get a $5 reward to trade with immediately.

Furthermore, you can trade using your android phone or tablet PC!

No deposit and
$5 free reward


Deposits (Investment needed)

As mentioned above, many companies require deposits when opening a live trading account. The reason for this is to protect the Company if you start losing heavily. Most MT4 accounts require a deposit of around $500.


At AGEA, however, you can open an MT4 account from as little as $10! There are three different levels of accounts; even the top account – Standard – requires only a $100 deposit. And remember Streamster requires no deposit!


Charges

Most likely you are trading not for fun but to make money. The higher you’re trading costs are, the harder it will be for you to make profit, so charges are a key factor when choosing a broker.


Forex brokers generally only charge commission on Straight-Through-Processing (STP) accounts. This is where your trade is passed onto another broker and the introducing broker just receives a commission.






AGEA has
institution-level
low spreads


However on other accounts (such as AGEA’s Streamster, MT4 Cent and MT4 Standard) no commissions are charged. One of the key areas, therefore, that differentiates brokers is the spreads. Spreads are the different between the bid and ask price of an instrument. Let say you buy an instrument and sell at exactly the same ask price, you would still make a small loss as the broker will make the bid price slightly lower than the ask price.

AGEA has institution-level low spreads on MT4 because we do not add any commission or mark-ups to the prime brokerage rates, and we choose the brokerage with the lowest spreads.


Virtual Desk

It is important that you practice trading before you go live, especially if you are new to trading. Most brokers will provide you with a virtual desk with virtual money for you to trade with, so you get to trade without the risk of losing money. But, of course, you also can’t make money just by trading on the virtual desk – except at AGEA!


Win $100 trading
on AGEA’s
Virtual Desk –
No investment
required!


AGEA runs a competition which rewards the trader who makes the highest virtual profit on the virtual Streamster desk. The reward is $100 and can be used to trade on your live desk or withdrawn.


All traders receive $5 when they open an account with AGEA to trade on the live desk, so again you could make money without investing any!

24 hour,
multilingual
support


Support

Whether you are technology pro or not, you may sometimes need some help. AGEA has a dedicated, high quality, 24 hour, multilingual online support channels. You can chat directly with one of their assistants at any time and they will be sure to help you in any way they can.


Conclusion

If you are serious about making money then you need to reduce your costs and make sure you have the right tools to learn and to trade.


AGEA offers a multitude of platform accounts, learning tools, and full time support all at institutionally low prices!


New to forex? Learn more at extra.agea.com


June 11, 2012

How to: Open a Metatrader 4 account with Agea?


How do I open an MT4 account with AGEA?




There are two main parts to opening an MT4 account:
  • You need to ensure you have the software
  • And you need to have an appropriate Live account – Cent, Standard, or STP
To download software
  • 1. Login to your account
  • 2. Go to “Services” at the top right hand corner of any page on the AGEA site.
  • 3. Click “Downloads” in the left hand column of the Services page
Alternatively you can just click “Get Software” at the top right side of all AGEA pages.
Open Account 1

Open Account 2
4. Go down the page to the MetaTrader4 section and within the highlight box click “MetaTrader 4 Platform Services”

Open Account 3
5. A box will pop up – Click “Save File”. It will be Saved into your downloads as ‘Agea-mt4-platform.exe”

Open Account 4
6. Find the saved file and double click it.

7. A pop-up box will appear – Click “Run”.

Open Account 5
8. The Agea Agreement will come up, click “Next”.

Open Account 6
9. You will then see where the program will be saved, and can select whether you want a shortcut made and the program to open after installation. Click “Next”.

  • 10. The program will be downloaded, click “Finish” and you are done!
Now you have access to MT4 and can practice trading on your virtual desk where you have been given $10,000 virtual money to trade with.
Set up your Live Account
  • 1. Go to your “Account Center” (this can be accessed by clicking the button in the top right side of any AGEA page).
  • 2. Click “Platforms” > “MetaTrader” > MT4 Cabinet
Open Account 7

  • 3. On the page “MetaTrader 4 Cabinet”, click “Add a new account on the MetaTrader 4 Platform” which is at the bottom of the page
  • 4. Choose which account type you want: Cent, Standard or STP, and your primary currency, and then click “Add Account”.
Remember minimum deposits are required for these accounts as follows:
  • Cent - $10
  • Standard - $100
  • STP - $1000
To learn more about which account to choose see our Article “Which MT4 Account”

Open Account 8

As long as you have the required deposit, the account will now be added.

  • 5. A message will come up requesting you to enter a new password for your MT4 account.

    Note: The “Master Password” is the password you use for Streamster.

    If you do not add your password at this point, or want to change it at a later point, you can find this option at: “Account Center” > “Platforms” > “MetaTrader” > “MT4 Cabinet” . Then in the “Services” dropdown menu select “Change Password”.
Open Account 9

Now you will have your Account ID (which can be found again in the MT4 Cabinet if needed) and your password.

  • 6. Open your MT4 Software. Your Demo Account will automatically be displayed
  • 7. To change to the Live Account – Go to “File” > “Login”
  • 8. Enter your “Account ID” in the “Login” box, and your new password in the “Password” box.
Open Account 10

Open Account 11
The change the Server from “AGEA-Demo” to ‘AGEA-Live”.

  • 9. Now you can start trading live on MT4. Remember to transfer funds into your MT4 account at “Account Center” > “Funds” > “Transfer Funds”.