Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. AFX Capital offers one of the world’s most advance trading platforms – MT4, that professional traders rely on. Customers can take advantage of the robust execution time and unmatched system stability. AFX CAPITAL is a licensed brand of the AFX Markets Ltd company and offers trading and investment services to clients in countries all over the world, providing them with access to various markets and the opportunity to trade different financial instruments.
AFX Capital Review
The AFX CAPITAL support team can be reached via phone calls, live chat, email, or a visit to an office. Support can be provided in several languages including Russian, English, Spanish, Arabic and Italian and is available 24 hours per day, five days a week. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. Some companies provide an own proprietary platform, while others prefer well-known platforms.
Using either a live account or a demo you can trade Forex, metals, commodities such as oil and gold, and various indices. AFX Capital is available live 24/5 to help a beginner or expert trader with any of their Forex or CFD trading. AFX Capital also has its own branded MT4 trading platform as well as mobile and web platforms. Some include AFX Itrader, AFX Android Platform, Blackberry Platform, Mobile Platform and Multi-terminal trading capabilities. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.
AFX Capital Markets Review 2024
The applicable commissions and spreads applied by AFX CAPITAL can be seen as competitive and are displayed on the company website. AFX CAPITAL’s minimum spread for trading EUR/USD is relatively low compared to an average EUR/USD spread of 0.70 pips. In addition to their failure to meet standard regulatory requirements, AFX Capital didn’t have much going for it earlier.
AFX Capital Review – 20 Key Point Quick Overview Revealed ( :
The same thing did Cypriot Investors Compensation Fund that received money claims counting in millions of euros. The AFX Capital was first fined by CySEC in 2017 for violating policies, just to be completely suspended in 2019. After all being said, we can conclude that traders do not have such a good opinion nor experience with AFX Capital. Some other advantages of having an account with AFXCapital are no extra commissions or fees, as well as tools for charting and technical analysis which are standard for most Forex brokers.
A-Pro Account offers more than 500 forex instruments and the minimum deposit required to qualify for it is $5 000. Forex broker services can also be provided for institutional clients and large companies such as investment banks. AFX CAPITAL is the trade name of AFX CAPITAL Markets Limited, which was established in 2010 and has its head offices based in Limassol, Cyprus.
Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market. This platform is developed to meet the needs of Portfolio Managers that wish to manage multiple accounts with one click of a button. AFX CAPITAL had offered some deposit bonuses and promotions in the past but there is no current indication of bonuses offered on the website. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader, once the person has proved himself as an active trader.
The company offers access to all Global Markets using one integrated account which includes complete product offering such as Forex, Metals, Oil, Commodities, Indices and more. AFX Capital comprises a service team which guarantees a high level professionalism, combining experience, skills and dedication that are eager to service retail and institutional traders, 24 hours a day, 5 days a week. AFX Capital is an online Forex broker which is targeting audiences across the globe from various market sectors as part of the business development. The goal is to satisfy every trader that wishes to trade fxchoice review with these markets as long as the applicant meets the criteria for opening an account. AFX Capital strongly emphasizes the presence of a regulatory environment.The company offers access to all Global Markets using one integrated account which includes complete product offering such…
AFX Capital Markets Reviews and Comments written by real traders
Since AFX Capital was permitted to provide financial services within the EEA zone as a CIF, many clients were damaged by their license suspension. For example, in the UK it was reported that clients lost over 7 million pounds due to AFX Capital collapse. Their own Financial Service Compensation Scheme needed to jump in and try to recover the lost funds.
- Customers can take advantage of the robust execution time and unmatched system stability.
- If AFX CAPITAL ’s website itself does not provide enough means, a trader should explore other informative sources to obtain that skills and knowledge.
- Withdrawals using certain methods may be processed within a day but depending on bank services it may take several days for the money to be available.
- The applicable commissions and spreads applied by AFX CAPITAL can be seen as competitive and are displayed on the company website.
- The same method as used to fund an account must usually be used to withdraw money and monies will be only refunded to accounts in the same name as the trading account.
Our AFX Capital review dug a little deeper and found several statements from CySEC to their former clients. Despite the strict rules that CySEC sets for segregation of client funds, AFX Capital had allowed accounts to become mixed and money to be misplaced. The regulator set up a form on their official website for traders with the broker to issue formal complaints. The investigation continued until it was finally clear that significant funds were missing. Because of this, there was not sufficient money to pay out all of the clients in full.
The spread on the EUR/USD pair was around 2 pips, much too high to be competitive. Traders could choose a commission only account as well, but they were unlikely to make any savings in doing so. Our AFX Capital review confirmed that the brokerage offers scalping and hedging, and also supports expert advisors in its MetaTrader4 platform. The company’s website is available in English, Italian, Russian, Arabic, Portuguese, Russian, German and Polish. The MetaTrader 4 platform, the company’s most popular option, is available in close to 30 languages. AFX CAPITAL offers only the very basic resources that may help traders to trade profitable and not lose a lot of money.
It should be noted, however, that the minimum deposit to open an account with AFX Capital is $200, which is significantly more than the mandatory minimum to open an account with most other Forex brokers. When opening an AFX MT5 account the advantages are lower spreads, appropriate for all traders, over 80 available instruments, Forex and CFD Trading Specifications. A forex account is a trading account held by a trader with a company like AFX CAPITAL, that is issued with the primary purpose of trading through its platforms. AFX CAPITAL is an online Forex broker that targets audiences from various market sectors across the world and assures clients that it operates in a strictly regulated environment. AFX CAPITAL boasts that it offers a vast range of trading software, including AFX MT4, AFX Mobile Trader, AFX iTrader, AFX Multiterminal, and AFX FAST to benefit traders in every possible way. STO offers clients a one stop shop to trade the financial market with market leading trading conditions across forex, indices, commodities, equities and bonds.
Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. AFX CAPITAL makes its profit by taking a fee from the spread, which is the difference between shakepay review the buy and sell price of an instrument. They must also answer a few basic compliance questions to confirm how much trading experience they have.
Regulated by the Cyprus Securities Exchange Commission (Cysec), AFX Capital accepts the base currencies of EUR, USD and JPY, and offers both fixed and variable spreads. Regulated by the FCA and CySEC, our clients are safe in the knowledge that they are protected by reputable regulators ensuring a secure trading environment. More information on commissions can be obtained from the customer support service. Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap. The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.
AFX CAPITAL is a Cyprus-based forex broker company that provides traders with access to platforms that allow them to buy and sell foreign currencies and are also known as retail forex brokers or currency trading brokers. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
