afx group Guide – Read our In-Depth afx group Review
afx group Rating: 5.2 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This afx group review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this afx group review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of broker since you keep trading. For starters, you need to select the ideal broker who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan will generate hefty returns. afx group is just one such platform which will take you and your investment into great heights. It is important that you understand about afx group before you trust them with your money.
afx group Review – Brief Overview
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|Regulated By:||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220|
|Number Of Clients:||14,000,000+ afx group users and traders|
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Your capital is at risk
Our full afx group Review covers all you will need to know about trading using afx group. A good agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all brokers are the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
afx group is a broker that has forged its way successfully to the brokerage world. In this review, we have tried to collate a number of the vital aspects of afx group. This review can allow you to know whether afx group is a fantastic fit for your own investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
afx group Review, Table Of Contents
- Who are afx group?
- Benefits Of Trading With afx group
- Everything you should know about trading with afx group
- Is afx group Safe To Trade With?
- Pro's & Con's Of Trading With afx group?
- Compare Brokers Similar To afx group
- Regulation And Licencing In More Detail
- afx group Awards
- Minimum Deposit Required For A Live Account With afx group
- afx group Commission And Fees Explained
- Compare broker fees against afx group
- afx group Withdrawal Fees Explained
- afx group Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With afx group?
- Alternatives To afx group
- Frequently Asked Questions About afx group
Who are afx group?
afx group is a foreign exchange broker headquartered in Geneva and provides a range of tools for trading. Since its inception in 2013, afx group has emerged as a leading player in the industry of online broker. afx group includes an extremely aggressive and full-featured trading site that is focused on currency, indices, metals, stocks , commodities.
Over the past 8 years, afx group has grown into one of the leading online brokers.
After establishing in 2013, their customer base has become as big as 14,000,000+ clients.
afx group is the favorite of many traders because of its negative balance protection. Our afx group review discovered that they're an superb alternative for automated trading solutions. It is most appropriate for investors that are searching for an assortment of assets. Social and automated trading solutions are the heart at afx group.
Technology plays a substantial role at afx group. afx group offers trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. afx group is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220. Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The trader resource section at afx group is very enlightening for new traders as it permits them to get a closer look at the financial markets. afx group caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
afx group Videos
If you feel that afx group is not right for you then at the bottom of this afx group review you wil find a lot of alternatives to afx group.
Everything you ought to know about trading with afx group
afx group is a dynamic platform that provides various techniques of trading. These tools cover the monetary markets considerably. Most of the brokerage platforms offer fewer procedures than afx group
If you would like to exchange with afx group, you'll need a minimum deposit of $250. This deposit is mandatory if you would like to start trading using afx group. This 2021 afx group review will direct you clearly about trading with them.
afx group is as versatile as any other broker platform. afx group is excellent for traders who want a manageable array of low-cost services. The programs supplied by afx group are third party, white-label offerings. All traders may choose from MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Together with everything, afx group has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction must be kept available. The brokers provide premium customer service which rewards customers with advantages.
Many unethical brokers try to pressurise customers into bigger financing for premium services. afx group, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
afx group accounts are available globally and provides excellent service wherever they have customers. There are a few countries where afx group accounts are not available. Traders in the following countries cannot open or use a afx group account:
BR, KR, IR, IQ, SY, JP, US
Is afx group Safe To Trade With?
Launched in 2013, afx group has been in operation for 8 years, they have a head office in Geneva.
afx group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220. These figures have rules that ensure that trading platforms have steps in place to maintain investor's resources procured. This means that afx group users do not need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption secures every user's private information also.
You can make use of an option for Two Factor Authentications (2FA) with afx group for heightened security. An SMS with the verification code will be sent to your mobile phone. You will be required to input this code to log in to your accounts.
Another concern with financial brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more widespread in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With afx group
Every online trading platform will have some pros and cons afx group review would be complete without showing both sides. This afx group review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
afx group Pro's
- afx group is trusted by 14,000,000+ clients
- afx group offers Negative Balance Protection
- afx group offers Guaranteed Stop Loss
- afx group doesn't charge withdrawal fees
- afx group doesn't charge inactivity fees
- afx group doesn't charge deposit fees
- afx group offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
- afx group offer 103 trading instruments
- afx group trades major forex pairs
- afx group trades minor forex pairs
- afx group trades exotic forex pairs
- afx group offers trading on cryptocurrencies
- afx group can communicate in English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
afx group Con's
- afx group charge CFD fees
afx group Review - Compare Brokers Similar To afx group
|afx group||Bulbrokers||ETFinance||VTB 24 Bank|
|Rating||5.2 / 10||3.56 / 10||6.23 / 10||2.86 / 10|
|Regulated By||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220||Financial Services Authority (FSA)||Cyprus Securities and Exchange Commission (CySEC)||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money.||Your capital is at risk|
afx group Review - Regulation And Licencing In More Detail
afx group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220.
afx group, as a business, has a strong set of rules for ensuring honest trading on its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
afx group Review - Awards
- At the time of writing this afx group review, they had not received any awards.
afx group Trading Platforms
afx group are a trustworthy brokerage that has been open for over 8 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any reputable online broker and compare afx group against Bulbrokers, ETFinance, and VTB 24 Bank
afx group Review - Minimum Deposit Required
The minimum deposit that you need to get started on afx group is $250. This is an adequate amount for those just starting out. It's possible to create more complex deposits as you go along. But, ensure that you know how to make the most of your money before investing in larger sums.
afx group Review - Commission And Fees Explained
afx group is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of fees for this purpose.
The first kind of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you are paying a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, afx group doesn't charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, such as daily or weekly trading.
But, non-trading fees charged by afx group are relatively competitive. Consequently, you are billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These aren't about the sale and purchase of assets.
This afx group review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against afx group
afx group Review - Withdrawal Fees Explainedafx group doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your afx group account. You can withdraw up sums to the amount of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't necessarily need to have any money in your account.
Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. afx group will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're choosing to withdraw in.
afx group Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your mind when open an account with afx group. An inactivity fee is an amount charged to registered dealers who have not engaged in buying or selling for some time. The period considered inactive is decided by the agent.
The inactivity fee differs from 1 agent to another and is not generalized. If a traders account doesn't have a buying or selling trade, it is claimed by the agent as an inactivity fee. The traders need to pay this fee under conditions and terms they had agreed while registering.
afx group doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are implied by afx group, it's best for you to close the account if you're inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have selected. The inactivity fee is exposed to many circumstances and should be disclosed clearly by the agent beforehand.
afx group Review - Deposit Fees Explained
When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this operation.
afx group doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the afx group trading platform is easy. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit substantial amounts.
afx group Review - Compare Broker Deposit Methods
What Can You Trade With afx group?
Note: afx group provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different based on the country of residence of the client.
afx group has a wide variety of over 103 instruments available for you to trade with.
If trading currency pairs is of interest to you then afx group offer over 73 forex pairs.
Compare afx group, Bulbrokers, ETFinance & VTB 24 Bank below.
Alternatives To afx group
If, after reading this afx group review, they don't meet your requirements check out these afx group alternatives.
We have scoured the internet to find the best alternatives to afx group. Click on the hyperlinks below to find out more.
Frequently Asked Questions about afx group
Can I try afx group before I buy?
Yes, you can most certainly try afx group before you buy. afx group offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account on afx group, you may set out using a decent amount of virtual money. It's to establish a feeling of security and confidence in you before you decide to spend your own money.
With this virtual afx groupdemo account, you are able to experiment in any way, to whatever period you desire. You might even start positions, examine different trading approaches, and much more.
afx group specifies on its official website that you can trade real time stocks in a demo account.
Is afx group safe?
It is possible to drop all your worries since we believe that afx group is perfectly safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220.
To its credit, afx group does provide assured stop-loss protection.
Why does afx group ask for my passport?
The reason that afx group asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, afx group has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, afx group must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with afx group?
The process to start trading withafx group is perhaps simple enough to be a cakewalk. You need to begin by signing up on the afx group website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with afx group is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with afx group.
The best way to kickstart your trading career with afx group is to open a demo account facility before risking any real money
What funding methods do afx group accept?
There are multiple ways to finance your account with afx group. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every place. The currencies afx group
Is my money safe with afx group?
Yes, your cash is safe and protected with afx group. As you know, afx group operates with proper conformation to. It has established lots of measures to protect all of its investors.
afx group safeguards its clients' personal and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation for you to access your accounts.
Is afx group trading good?
Yes, trading through afx group is a nice and good experience indeed. It's a great and intuitive platform with helpful features for your simplicity. In addition, you could also gain access to a huge collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does afx group support?
afx group operates across the world. However, due to regulations there are some countries that afx group does not accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is afx group legit?
afx group is a legit company headquarted in Geneva since 2013. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220. afx group is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is afx group a good broker?
afx group is a great agent, and its own users may vouch for it. The highlight of this platform is its fast order execution on trades.
You will find the clean layout of the platform along with the admirable features that a pleasure to work with.
Is afx group a trustworthy broker?
Yes, afx group is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 14,000,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for afx group?
The minimum deposit to open a live account with afx group is $250
How long do afx group withdrawals take?
Normally, withdrawal of money from afx group is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from afx group to show in your bank account.
Are afx group regulated?
afx group are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220
Is afx group a market leading broker?
afx group is indisputably among the industry leaders. It supports over 14,000,000+ registered users and over 8 years of experience on its own record. They're among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide range of resources plus tools so you can invest in capital markets.
Is afx group a con?
No, afx group is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220 and must adhere to their rules. Thus, it is safe to say that afx group is not a scam.
Can you make money with afx group?
Through afx group, many traders make a lot of cash. However, on average, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but over the entire year, this adds to a significant number of gains. While afx group supply you all the tools to make money, they can't guarantee that you will profit.
Does afx group have fees?
Yes. To start trading using afx group, you need to deposit $250. Particular commissions while trading also applies. Any processing fees from your bank might need to be incurred by you.
When was afx group founded?
afx group was founded in 2013 in Geneva. afx group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220.
How many people use afx group?
afx group is a globally recognised agent with 14,000,000+ clients.
Where is the afx group head office?
afx group has its head office in Geneva
Does afx group offer negative balance protection?
Yes, afx group has Negative Balance Protection. It is specially offered when the industry volatility keeps clients from allowing their accounts go in the red. In such a scenario, afx group offers the ability to reset a clients account balance to zero.
You are able to go through the critical stipulations on afx group's website to understand their policies.
Does afx group offer guaranteed stop loss?
Yes, afx group offer a guaranteed Stop Loss order.
When there is no free margin left with the client, afx group will stop your positions. When the losses in the ceased out location exceeds your account balance, you might encounter a negative account balance.
Does afx group allow scalping?No, the terms and conditions of afx group don't condone scalping. It's a trading technique which isn't permitted on the agent's platform. You have to refer to afx group's terms and conditions to see more about its policies.
Does afx group allow hedging?
Yes, afx group does allow hedging.
Can you trade energies with afx group?
Yes, you can trade energy stocks with afx group
Can you trade agricultural shares with afx group?
No, unfortunately you cannot trade agricultural stock with afx group
Can you trade cryptocurrency with afx group?
Yes, you can trade cryptocurrency with afx group
Can you trade metals with afx group?
Yes, you can trade metals with afx group
Can you trade UK Shares with afx group?
No, unfortunately you cannot trade UK shares with afx group
Can you trade US Shares with afx group?
No, unfortunately you cannot trade US shares with afx group
Can you trade Japanese Shares with afx group?
No, unfortunately you cannot trade Japanese shares with afx group
Can you trade German Shares with afx group?
No, unfortunately you cannot trade German shares with afx group
Does afx group accept bank transfers?
Yes, afx group accepts bank transfers for depositing money.
Does afx group accept credit cards?
Yes, afx group accepts credit cards for depositing money.
Does afx group accept PayPal?
Yes, afx group accepts PayPal for depositing money.
Does afx group accept Skrill?
Yes, afx group accepts Skrill for depositing money.
Does afx group accept Payoneer?
Yes, afx group accepts Payoneer for depositing money.
Does afx group accept Neteller?
Yes, afx group accepts Neteller for depositing money.
Does afx group offer Live Chat customer support?
No, afx group does not offer customer support through live chat.
Does afx group offer phone customer support?
No, afx group does not offer customer support over the telephone.
Does afx group offer email customer support?
No, afx group does not offer customer support through email.
What languages can afx group communicate in?
afx group has the ability to communicate and support customers who speak: English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Does afx group have a wikipedia page?
No, afx group does not have an official wikipedia page.
Does afx group offer demo accounts?
Yes, afx group offers demo accounts so you can learn their systems before risking any real money.