Abstract：Arygo Ltd is an online forex broker offering a wide variety of financial assets to its clients. Recently, this broker has caught many traders’ attention due to its reputation. We want to remind you of something about this broker, so you would not regret taking the next step. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc.
In this article
WikiFX provides inquiry services in the forex field.
WikiFX evaluates the reliability of Arygos Ltd based on the facts.
What is WikiFX？
| WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. |
| WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. |
| WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en) |
Table of Contents
1. Evaluate the reliability of Arygos Ltd based on its general information and regulatory status.
A. General Information of Arygos Ltd
B. Regulatory Status
2. Exposure related to Arygos Ltd on WikiFX
3. Special survey about Arygos Ltd from WikiFX
A. Scoring Criteria
B. WikiFX Alert
4. Conclusion
1. Evaluate the reliability of Arygos Ltd based on its general information and regulatory status
To understand Arygos Ltd better, we explore Arygos Ltd by analyzing three main perspectives:
A. General Info of Arygos Ltd
B. Regulatory Status
A. General Info of Arygos Ltd
Arygos Ltds general info has been shown below:
(source: WikiFX)
Arygos Ltd says it is committed to providing its clients with efficient and low-cost global investment services, as well as an online trading platform and a variety of global asset allocation with the cheap commission.
Trading Platform Available
When it comes to trading platforms available, Arygos Ltd gives traders an online trading platform, available on three different versions: Windows, iOS and Android. The broker advertises that this trading platform is suitable for Hong Kong and us stocks trading preferences, offering ultra-low commission, global investment, convenient account opening and fast experience. While with its mobile versions, trading can be done from anywhere and at any time through the right mobile terminals.
Deposit & Withdrawal
From the logos shown at the bottom of the home page on Arygos Ltds official website, we found that this broker seems to accept deposits and withdrawals via MasterCard, china UnionPay, VISA, JCB, HSBC, Bank of America, Citibank and more.
Customer Support
Arygos Ltd‘s customer support can be reached only through email: info@arygosfx.com. However, this broker doesn’t disclose other more direct contact information like telephone number or company address while most brokers offer
(Source: WikiFX)
B. Regulatory Status
What is a Legitimate License？
The legitimate license is the business license issued by the financial regulatory institution of each country/region.
Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.
Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.
The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.
Is Arygos Ltd legit？
Arygos Ltd is authorized and regulated by the National Futures Association (NFA), based in China. However, according to WikiFX, The NFA with license number: 0540732 claimed by this broker is a suspicious clone. Therefore, we cannot consider this broker as a regulated broker.
(Source: WikiFX)
2. Exposure related to Arygos Ltd on WikiFX
On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.
As of July 6, 2022, WikiFX has received a couple of complaints against this broker. Below are some of them.
As of July 8, 2022, the number of complaints received by WikiFX has reached 13 for this broker in the past 3 months. Below are some of them.
A trader from Kenya told WikiFX that this broker is suspected to manipulate his account, and is risky to invest in.
This trader from Pakistan thinks that Arygos Ltd is a scam. Arygos Ltd has been accused of washed his account.
This trader from Vietnam complained that he cannot withdraw money from Arygo Ltd. He claims that Arygos Ltd locked his account.
This trader from Malaysia claimed that this broker manipulate the trading process. the traders accounts have been blown up. Eventually, traders are suffering heavy losses.
3. Special survey about Arygos Ltd from WikiFX
A. Scoring Criteria
WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
| The Scoring Criteria of Brokers on WikiFX |
| License index: reliability and value of licenses |
| Regulatory index: license regulatory strength |
| Business index: enterprise stability and operational capability |
| Software index: trading platform, instruments, etc |
| Risk Management index: the degree of asset security |
Arygos has been given by WikiFX a low rating of 1.16/10.
(source: WikiFX)
B.WikiFX Alert
4. Conclusion:
Arygos Ltd is an absolute scam. It is not regulated, and we want you to leave this broker as possible as you can. Due to too many complaints, we dont want what happened to the victims to happen to others. If you want to If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Click on Arygos Ltd' WikiFX page for details
