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/10

Afrifocus

South Africa|5-10 years|
Suspicious Regulatory License|Self-developed|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://afrifocus.co.za/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

South Africa 3.05

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+27 (0) 11 011 1600
https://afrifocus.co.za/
31B Impala Road Chislehurston Sandton
https://web.facebook.com/profile.php?id=100054539976053

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+27 (0) 11 011 1600

Broker Information

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Company Name

Afrifocus Securities (Pty) Ltd

Company Abbreviation

Afrifocus

Platform registered country and region

South Africa

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 48810) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Afrifocus · Company Summary

General Information & Regulation

Afrifocus is a forex broker registered in South Africa, operated by Afrifocus Securities (Pty) Ltd. Afrifocus is not subject to any regulation to operate forex trading services.

Markets Instruments

Tradable financial instruments available on the Afrifocus platform include forex currency pairs, commodities, and indices.

Minimum Deposit

Afrifocus does not requires any minimum initial deposit. Although this may sound encouraging, considering the fact that Profitto is still ridiculously shady – this low account price is no reason to invest with it at all.

Leverage

Afrifocus provides an absurd amount of leverage – 1:1000. Note that such amounts are simply banned in the States, as well as most of the rest of the world. Regulators have seen them as too dangerous for retail investors and sought to limit their exposure to them. However, as unlicensed brokers like Afrifocus are not subject to any kind of regulation, they still provide the high amounts, seeking to attract clients.

Spreads & Commissions

Afrifocus advertise that it offers variables spreads, but does not specify its detailed information on particular instruments.

Trade Size

The minimum trade size allowed by Afrifocus is 0.01 lot.

Trading Platform Available

In terms of trading platform available, what Afrifocus offers its traders is not the MT4 or MT5 trading platform.

Deposit& Withdrawal

Afrifocus only accepts deposits via Bank Transfer. Some other popular payment methods like Credit/Debit Card, as well as popular e-wallets like Skrill and Neteller are not available.

Customer Support

The Afrifocus customer support can reached through email: support@afrifocus.co.za, and telephone: 27(0) 11 290 7800. and the Profitto address is: Suite 305, Griffith Corporate Centre, Beachmont P.O.Box 1510, Kingstown, St. Vincent and the Grenadines.

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不过如此84941
more than one year
EXTREMELY POOR SERVICES. I deposited money into my account using African local payment with instant reflection on my account but it has been more than 24 hours with no reflection on my account. Customer care gives all kinds of excuses and empty promises without any action.
2023-02-22 17:42
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