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The WikiFX Score of this broker is reduced because of too many complaints!

ARGUS

Cyprus | Above 20 years |
Regulated in Cyprus | Straight Through Processing (STP) | Suspicious Scope of Business | High potential risk

http://www.argus.com.cy/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Ukraine 2.65
Surpassed 52.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+357 (22)717000
argus@argus.com.cy
http://www.argus.com.cy/
25 DeMosTheni Severi Avenue, MeTropolis Tower, 1sT & 2nd Floor, CY-1080 Nicosia
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

Licensed Entity:Argus Stockbrokers Ltd

License No. 010/03

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-09-14
  • WikiFX has received a total of 8 user complaints against this broker, please be aware of the risks and do not be scammed!
2

Basic Information

Registered Region
Cyprus
Operating Period
Above 20 years
Company Name
Argus Stockbrokers Ltd
Abbreviation
ARGUS
Company employee
--
Customer Service Email Address
argus@argus.com.cy
Contact Number
+35722717000
Company Website
Company address
25 DeMosTheni Severi Avenue, MeTropolis Tower, 1sT & 2nd Floor, CY-1080 Nicosia

FX2392855517

Unverified

Vietnam

Today is May,27th,2022 ... the Board of Directors not Blinders neither Deaf peoples .....[Two more weeks May 19th ****Another Month] for waiting my money back , SAD... MAY5th,2022War went worst . I dont push U ..Dear ARGUS COMPANY ..Today is April4,2022.. The war may made YOU really busy ..But I have to remind YOU TRY to Payback all my money as fast as like You PUSH me deposit Thanks ...... …BEST WISHES TO ARGUS STOCKSBROKERS ( AnDri Tringidou & CHRISTOS AKKELIDES ) and HAPPY BD My Love DẠ THẢO PHƯƠNG .. Proud of people of Cyprus .. BE STRONGER ..APRIL20.2022 TODAY is April21st-2022 .... ( WHERE's Christoforos ANTONIADES -Executor )???? WHO WILL BE ANSWER ALL MY THESE QUESTIONS ... which I complainted from the day company block and do not pay back all my money I have in ARGUS StocksBrokers LTD ACCOUNT ... PLEASE DONOT LET MY QUESTIONS GONE WITH THE WINDS OR THROWED THEM IN UR GARBAGE CANS ...WAIT FOR THE ANSWERS OF ARGUS's BOARD OF DIRECTORS …ARGUS still no answer after scamming… So I thought they try to rob/ steal all my money

Exposure

2022-05-30

FX3071480497

Unverified

United States

I was among the victims of this scheme, guided to invest in argus by a taiwanese woman who romantically deceived me and instructed me through the process of trading and investing. It was within this period i discovered fintrack .org and made out a complaint because Argus wouldn't allow withdraw, they restored my withdrawal access within weeks

Exposure

2022-05-09

Misshomeland22

Unverified

Vietnam

ARGUS DON'T REPLY /ANSWER ALL MY REPORTS AND CLAIM ON WEB SITE ARGUS STOCKS BROKERS LTD

Exposure

2022-05-08

FX1465373339

Unverified

Vietnam

Ask the company to refund

Exposure

2022-03-15

FX2392855517

Unverified

Vietnam

According to the invitation from the broker of ARGUS Compny, I borrowed $32000 to invest in ARGUS.. fortunately I have a profit of $399168.10 plus capital is $425368.10 ,,, This is the current account in my account. After the brokerage transaction, nt told me to withdraw immediately, or not so long, the system will report an error and will lock the account (??) after following the withdrawal instructions, htt reported DONE because not yet. deposit 15% Personal income tax (????) brokerage system nt deposit 15% tax $USD 59,875.00 EQUAL 1 billion 437,000,000 into personal account or separate company account of broker before exotic instead...ARGUS FAMOUS STOCKS COMPANY didn't do that... Now I'm CALLING .. ASKING ARGUS COMPANY INTEREST OR DIRECTLY REFUND FULL AMOUNT THAT I HAVE IN AN ACCOUNT

Exposure

2022-03-11

上善若水86692

Unverified

Hong Kong

Fraud platform, romance scam, change customer information and card number for withdrawal. I check the card number for three times to make sure that it is correct, but it changed during withdrawal. Then, they ask you to pay the margin and freeze the fund to not let you withdraw. Trap!

Exposure

2021-12-30

FX2268019297

Unverified

Hong Kong

Demanding for 15% margin due to wrong card number. Otherwise, they will not withdraw and lock the account.

Exposure

2021-12-20

FX2268019297

Unverified

Hong Kong

They do not withdraw due to wrong bank card number and ask for 15% margin

Exposure

2021-12-19

8
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Official website

Website

argus.com.cy
195.14.130.20
Server Location
Cyprus
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Genealogy

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Relevant Enterprises

ARGUS STOCKBROKERS LIMITED(Cyprus)
Active
Cyprus
Registration No. HE108270
Established 2003-05-12
Related sources Website Announcement

Company Summary

ARGUS Review Summary
Founded2000
Registered Country/RegionCyprus
RegulationRegulated by CYSEC
Services Asset Management, Global Brokerage, Investment Advice, Corporate Finance & Consulting
Trading PlatformARGUS Trader, Argus Global
Customer SupportTel: +357 22 717000
Fax: +357 22 717070
Email: argus@argus.com.cy
Address: 25 Demosthenis Severis Ave., 1st & 2nd Floor, 1080 Nicosia, Cyprus; P.O. Box 24863, 1304 Nicosia, Cyprus.

ARGUS Information

Founded in 2000, ARGUS offers financial services including asset manageemnt, globla brokerage, investment advice, corporate finance and consulting.

The good thing is that the company is well regulated by CYSEC, which means is financial activities are strictly watched by the authority body, to some extent guarantees a certain level of customer protection.

ARGUS's homepage

Pros and Cons

Pros Cons
Many years' experience in the industry/
CYSEC regulated
Variety of financial services offered
Multiple contact channels

Is ARGUS Legit?

ARGUS is currently being well regulated by CYSEC (Cyprus Securities and Exchange Commission) with license no. 010/03. The regulation is authorized in 17 other countries, which expand your reassurance to trade with this company.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Cyprus
CYSECRegulatedArgus Stockbrokers LtdStraight Through Processing (STP)010/03
Regulated by CySEC

ARGUS Services

Argus offers a comprehensive range of financial services, including independent asset management, global trading brokerage via the ARGUS Global Trader Platform, licensed brokerage on the Cyprus and Athens Stock Exchanges, corporate finance solutions for IPOs and M&A, discretionary fund management, and tailored investment advisory across various asset classes such as equities, bonds, and alternatives.

ARGUS Services

Trading Platform

Argus Stockbrokers Ltd offers two trading platforms:

  • ARGUS Trader: For trading on the Cyprus and Athens Stock Exchanges (CSE & ASE) with full electronic order execution. Investors can trade online or by calling +357 22 717000.
ARGUS Trader
  • Argus Global Trader: Powered by Saxo, this platform gives access to global markets, including forex, stocks, and commodities. It's available online and via desktop, with a trial account option.
Argus Global Trader

Keywords

  • Above 20 years
  • Regulated in Cyprus
  • Straight Through Processing (STP)
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Ashraf20
Within 1 year

How do the different account types provided by ARGUS differ from one another?

WikiFX Reply
Based on my research and experience evaluating brokers like ARGUS, I found that their services cater to different investor needs primarily through their two core trading platforms rather than a traditional tiered account structure. ARGUS offers access to their proprietary ARGUS Trader platform, which is designed specifically for trading on the Cyprus and Athens Stock Exchanges, with full electronic order execution. In my view, this platform is best suited to those seeking exposure to regional equities and who may value local market familiarity. On the other hand, the ARGUS Global Trader platform, powered by Saxo, opens up access to global markets, including forex, stocks, and commodities. This is available online and via desktop, with the added benefit of a trial account option—something I appreciate for initially assessing a broker’s execution quality and platform usability before committing funds. However, it's important to note that, according to the available information, ARGUS does not openly advertise distinct retail account tiers that specify differences in spreads, leverage, or commissions, as is common with many global forex brokers. Instead, the differentiation largely comes from the scope of instruments, the platform used, and whether you trade primarily in Cyprus/Athens or globally. Given user feedback and allegations concerning withdrawal difficulties, I urge caution and careful due diligence before selecting which platform to use for your trading strategy. As always, I recommend clarifying all account conditions directly with their support to avoid misunderstandings.
Broker Issues
ARGUS
Leverage
Platform
Account
Instruments
09-03
United States
Phoebe Yao
Within 1 year

Does ARGUS charge a commission per lot on their ECN or raw spread accounts?

WikiFX Reply
From my experience and based on what I've learned specifically about ARGUS, the answer to whether ARGUS charges a commission per lot on their ECN or raw spread accounts is not directly addressed or clearly outlined. ARGUS is regulated by CYSEC and has been operating for over 20 years, providing a range of services, including asset management and brokerage via their own platforms and a global trader platform powered by Saxo. However, the available information does not mention the existence of ECN or raw spread account types, nor does it provide concrete details about per-lot commission structures typically associated with such accounts. This omission is significant for me as a trader because transparent fee structures are key to assessing a broker’s trustworthiness and cost efficiency. In my trading journey, I've learned that legitimate brokers are usually very clear about spreads and commissions, especially for ECN accounts where per-lot fees are a central feature. The lack of explicit data here means I cannot confirm if ARGUS offers true ECN or raw spread accounts, or what their commission policy might be. Because of this uncertainty, and given the reported issues with withdrawals and customer satisfaction, I would personally proceed very cautiously and seek full fee and account structure disclosures directly from ARGUS before considering them for trading.
Broker Issues
ARGUS
Fees and Spreads
08-27
United States
aariapoor
Within 1 year

Does ARGUS apply any charges when you deposit or withdraw funds?

WikiFX Reply
From my own approach to due diligence, I carefully examined all available information about ARGUS, especially in areas I believe are most relevant for financial safety—such as deposit and withdrawal procedures. Unfortunately, I did not find any explicit details from ARGUS about standard deposit or withdrawal charges. This lack of direct disclosure immediately urges me to be cautious, as transparent brokers usually outline all associated fees up front. What stands out to me, though, are several troubling user reports regarding the withdrawal experience at ARGUS. Persistent and recurring client complaints point to denied or delayed withdrawals and requests for additional payments—such as a required 15% “personal income tax” or “margin”—before access to funds is granted. In my experience, legitimate brokers regulated by authorities like CYSEC do not demand such payments as prerequisites for releasing withdrawals. Instead, any tax or fee obligations related to profits are normally settled through formal national processes, not broker-held accounts. Given these patterns and from a risk management perspective, I personally would not proceed with any sizable deposits or expect frictionless withdrawals at ARGUS until I receive clear, official, and verifiable information about their fee structure and withdrawal practices. I cannot stress enough the importance of caution here: in my own trading, I always insist on full clarity before moving any funds.
Broker Issues
ARGUS
Deposit
Withdrawal
08-18
United States
gnsrael
Within 1 year

Can I trust ARGUS as a reliable and secure broker for trading?

WikiFX Reply
As a seasoned trader accustomed to scrutinizing broker reliability, I always begin with regulation and track record. On paper, ARGUS has a long-standing presence, being regulated by Cyprus Securities and Exchange Commission (CySEC) for over 20 years. Cyprus regulation and an STP model provide a baseline sense of legitimacy, and access to multiple asset classes via established platforms is an attractive point. However, in my own risk assessments, regulation alone is not a guarantee of secure, smooth trading. When I delve deeper into user experiences, a pattern that raises some red flags appears. Multiple recent reports recount serious withdrawal difficulties, incidents of accounts being blocked, requirements to pay additional funds (often under the guise of “margins” or “taxes”), and a lack of transparent or timely customer support. As an independent trader, I am extremely cautious of any broker with unresolved exposure claims concerning withdrawal restrictions or unexpected fees—these are fundamental risks to client safety. Regardless of regulation, any sustained number of such complaints signals a potential issue in practical fund security or business conduct. My professional opinion—given both the CySEC oversight and these recurrent negative exposures—is that I am not comfortable recommending ARGUS as a low-risk, reliable broker. For me, confidence in any financial intermediary must be anchored not just by regulation, but also by a transparent and trustworthy operational record, especially regarding clients’ access to their own capital. Until credible and consistent improvements are seen in these areas, I would advise exercising heightened caution.
Broker Issues
ARGUS
Regulation
08-14
United States
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