Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

AFX

Cyprus|5-10 years|
Regulated in Cyprus|Suspicious Regulatory License|Suspicious Scope of Business|Cyprus Market Making(MM) Revoked|Suspicious Overrun|High potential risk|

http://www.afxgroup.com/en/

Website

Rating Index

Contact

+39 0287 242 331 / 800 796 110
info@afxgroup.com
http://www.afxgroup.com/en/
https://www.facebook.com/en.AFXgroup/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 5
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • CyprusCYSEC (license number: 119/10) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Users who viewed AFX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

LonghornFX

7.59
Score
2-5 yearsRegulated in United KingdomCommon Business RegistrationMT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

AFX · Company Summary

Note: AFX is to operate via the website - https://www.afxgroup.com/en/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

On the one hand, Cyprus CYSEC (license number: 119/10) and United Kingdom FCA (license number: 529264)s regulatory statuses are both revoked, and the United Kingdom FCA regulation (license number: 560872) claimed by this broker is suspected to be a clone.

On the other hand, AFX has been verified to be a stoppage of business, and it has been listed in WikiFX's Stoppage of Business list. Please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

General Information & Regulation

AFX, a trading name of AFX Group, is allegedly a global online financial trading platform and multi-asset broker founded in 1996 and registered in Cyprus. It claims to provide its clients with 27+ tradable assets on the MT4 trading platform via four different account types.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, etc.

As for regulation, it has been verified that AFX holds revoked Cyprus Securities and Exchange Commission (CYSEC) and Financial Conduct Authority licenses. Also, it has been verified to be a stoppage of business and listed in WikiFX's Stoppage of Business list. That is why its regulatory status on WikiFX is listed as “Suspending” and receives a relatively low score of 1.51/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation
General Information & Regulation
General Information & Regulation

Market Instruments

AFX advertises presents itself as a multi-asset platform with 27+ tradable assets, including Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Account Types

AFX claims to offer four types of trading accounts, namely demo, ECN, STP and Islamic accounts. However, we didnt find any information on the minimum initial deposit requirement to open an account.

Trading Platform Available

The platform available for trading at AFX is one of the most notable and preferred trading platforms the market offers - MetaTrader4 on Webtrader, iOS and Android devices. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

AFX says to work with credit cards, bank transfers and American Express. The minimum initial deposit requirement is said to be $/€/£200. The broker does charge deposit and withdrawal fees, which vary on payment method. Withdrawing processing time also differs depending on the method but averages 2-5 days.

Customer Support

AFX‘s customer support can be reached by telephone: +39 0287 242 331 / 800 796 110, email: info@afxgroup.com. You can also follow this broker on social networks such as Facebook. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Pros & Cons

Broker Information

Company Name

AFX Group

Company Abbreviation

AFX

Regulatory Status

No Regulation

Platform registered country and region

Cyprus

Company website
Phone of the company
  • +39 0287 242 331 / 800 796 110

  • 390287242331

Twitter

--

Facebook
Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@afxgroup.com

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

子轩
more than one year
the contents on the website shows that it's either experiencing problems or is undergoing routine maintenance. However, I doubt if the website will return to normalcy
2023-02-17 15:58
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com