AGF Asset Management has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to AGF Asset Management. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Two-factor authentication|Transparent fees
Cons: Inactivity fee applies after 12 months
Customer support at AGF Asset Management seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Easy to use platform|Competitive fees|Fast deposits
Cons: No dark mode on mobile|No live chat on mobile
AGF Asset Management advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Demo account available|Regular platform improvements
Cons: Minimum deposit could be lower
The reporting at AGF Asset Management is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Transparent fees|Regular updates|Fast deposits
Cons: No phone support on weekends|Currency conversion fee exists
Tried to withdraw my funds from AGF Asset Management and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Several red flags with AGF Asset Management: (1) They promise unrealistically high returns, (2) They're not registered with Comisión Nacional del Mercado de Valores, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
KYC with AGF Asset Management is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Stable platform|Competitive fees|Low minimum deposit|Economic calendar
Cons: Minimum deposit could be lower|Spreads widen during volatile periods
Do not be fooled by the professional-looking website. Behind the scenes, AGF Asset Management is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Great customer service|Dedicated account manager
Cons: Minor UI glitches occasionally
Do not believe the bonus offer from AGF Asset Management. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a review site like this one and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Dedicated account manager|Multi-device support|Good mobile app
Cons: Spreads widen during volatile periods|Mobile app could be improved
I am in a dispute with AGF Asset Management over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Regular updates|High security standards|Tax reports included|Regular platform improvements
Cons: Some tools only available on higher tiers