AFX Group Review 2020

AFX Group Rated 0/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

AFX Group Guide

AFX Group are an online broker founded in 1996 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

AFX Group are a global broker and have a head office in Cyprus.

AFX Group have a listed stock symbol. This means that AFX Group have publically listed and you can officially buy shares in AFX Group on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of AFX Group we break down the pros and cons. What AFX Group are able to offer, what countries AFX Group are available in. Who AFX Group are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with AFX Group

  • Regulated by: Unregulated
  • Headquarters Country : Cyprus
  • Foundation year 1996
  • Min Deposit : 200
  • Used by over 10,000 traders
  • AFX Group is not available in the following countries :
Open AFX Group's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to AFX Group

With this review we hope to help you see if AFX Group is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding AFX Group that will help you get off to a good start in the world of online trading.

AFX Group Review Table of Contents

AFX Group what you should know

AFX Group offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With AFX Group you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with AFX Group platform.

AFX Group are able to accommodate various levels of traders whether you are experienced or a beginner.


Are AFX Group safe?

When choosing a broker like AFX Group the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1996, and in operation for 24 years AFX Group have a head office in Cyprus.

AFX Group is regulated. This means AFX Group are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to AFX Group, this will be honored. If AFX Group violate any regulatory rules their regulated status could be stripped.

Any payments funded to AFX Group accounts by traders are held in a segregated bank account.

For added security AFX Group use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with AFX Group. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit AFX Group

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker afxgroup eToro XTB Pepperstone
Year Established 1996 2006 2002 2010
Head Office Cyprus Cyprus, UK Poland Australia
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No Yes No
Learn More Visit AFX Group Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

AFX Group Pros and Cons

What we like about AFX Group

  • Used by over 10,000 traders
  • Established in 1996
  • Regulated by Unregulated
  • Min. deposit from $200

What we don't like about AFX Group

AFX Group Financial Regulation and Supervision in more detail

AFX Group are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like AFX Group that are not regulated yet appear to be legitimate.

AFX Group maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with AFX Group you are not guarenteed help in a difficult situation.

  • Unregulated

AFX Group General Fees

  • AFX Group withdrawal fees varies on payment method
  • AFX Group does charge inactivity fees
  • AFX Group does charge deposit fees
Broker afxgroup eToro XTB Pepperstone
Min Deposit 200 200 0 200
Withdrawl Fees varies Yes varies No
Inactivity Fees Yes No Yes
Deposit Fees No No No
CFD Commission Fees No Yes Yes

AFX Group Commissions

  • AFX Group does charge commission on CFD instruments.

What can you trade with AFX Group?

You can trade a wide variety of instruments with AFX Group over 27 instruments infact.

If you are looking at trading currency pairs AFX Group offer over currency pairs.

Compare AFX Group with eToro and XTB below.

Your capital is at risk

Broker afxgroup eToro XTB Pepperstone
Instruments Available 27 100 1,500 100
Platforms MT4 Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit AFX Group Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit AFX Group Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit AFX Group Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares Yes Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on AFX Group web platforms and other applications

AFX Group offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

AFX Group also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See afxgroup's platforms

AFX Group Trading benefits :

  • Offers STP
  • Low min deposit

AFX Group Trading Accounts Offered :

  • Demo account
  • ECN account
  • STP account
  • Islamic account

Can I try AFX Group before I buy?

AFX Group offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

AFX Group withdrawl and funding methods.

AFX Group offer the below funding payment methods. learn more about AFX Group

  • Credit cards
  • Bank Transfer
  • American Express
Broker afxgroup eToro XTB Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with AFX Group?

When opening a trading account with AFX Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on AFX Group trading platforms here.

Performing trades with AFX Group

AFX Group allow you to execute a minimum of trade of varies. This may vary depending on the account you open. AFX Group allow you to execute a maxium trade of varies. As AFX Group offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

AFX Group Leverage and AFX Group CFDs Explained

let's take a look at some of the basics of using AFX Group leverage.

AFX Group offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

AFX Group leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the AFX Group trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The AFX Group leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

AFX Group CFDs are typically used for short to medium term trades. For example AFX Group intraday trading.

Education resources at AFX Group

To trade effectively with AFX Group, it's important to get a have a good understanding of the AFX Group trading tools and the markets.

AFX Group offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with AFX Group.

Take time to look around the AFX Group platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at AFX Group

AFX Group support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

AFX Group have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. AFX Group offer email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at AFX Group

We tested the AFX Group live chat and it works well. We sent messages to AFX Group livechat through their app and website and recieved a response within 20 minutes.

We tested communicating with AFX Group support in multiple languages in multiple countries. AFX Group where able to resolve our customer issues.

Email Support at AFX Group

We sent several emails to AFX Group and answer times overall were excellent. The fastest response from AFX Group was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with AFX Group, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from AFX Group.

Phone Support at AFX Group

We called AFX Group and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The AFX Group phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual AFX Group team by calling in varying languages. AFX Group made an effort to make sure our queries were answered.

Overall the phone support from AFX Group was average.

See how AFX Group Support Compares Against Other Brokers

Broker afxgroup eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit AFX Group Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with AFX Group

As AFX Group is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore AFX Group's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with AFX Group you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.afxgroup.com on 12th August 2018.

Is AFX Group A Good Broker?

We spent over 3 months examining AFX Group in depth. Although we found some very useful aspects of the AFX Group platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative AFX Group broker.

  • AFX Group have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • AFX Group has a history of over 5 years.
  • AFX Group has a reasonable sized customer support of at least 10.
  • AFX Group are regulated by Unregulated. This means AFX Group fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • AFX Group have regulation from a Tier 1 reputable country.
  • AFX Group has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • AFX Group have an international presence in multiple countries. This includes local AFX Group seminars and training.
  • AFX Group are able to hire people from various locations in the world who can better communicate in your local language.

AFX Group Risk Disclaimer

Your capital is at risk

AFX Group not quite right?

Check out these AFX Group Alternatives

We have spent years researching the best alternatives to AFX Group. Click the links below to learn more.

If you feel some of the above AFX Group are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of AFX Group alternatives below.

Related AFX Group Comparisons

If you would like to see how AFX Group stands up against other brokers you can read some of our AFX Group comparisons below. We compare side by side some of our top rated AFX Group versus comparisons. Read some indepth AFX Group VS pages below.

AFX GROUP Frequently Asked Questions

Can I try AFX Group before I buy?

AFX Group offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do AFX Group accept?

AFX Group offer the following funding payment methods accept Credit cards, Bank Transfers, American Express, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is AFX Group safe?

While AFX Group may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to AFX Group accounts by traders are held in a segregated bank account. For added security AFX Group use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is AFX Group trading good?

While AFX Group may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.AFX Group is used by over AFX Group active traders. AFX Group offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with AFX Group is mindeposit.

Is AFX Group trading Legit?

AFX Group was founded in Cyprus in 1996. AFX Group has been facilitating trade on the financial markets for over 24 years. AFX Group offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to AFX Group are held in segregated tier 1 bank accounts for security. AFX Group is not regulated. Although this doesnt mean AFX Group are awful, we recommend trading with regulated brokers.

Is AFX Group a good broker?

AFX Group is not regulated by a top tier financial regulator. While many traders may still find trading with AFX Group useful, we recommend only trading with a broker that has regulation.AFX Group allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is AFX Group trustworthy broker?

While having many plus points because AFX Group is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for AFX Group?

The minimum deposit to trade with AFX Group is 200.

How long do AFX Group withdrawals take?

Withdrawing money from AFX Group processing time varies but averages 2-5 days.

Is AFX Group regulated?

AFX Group is not regulated by a top tier financial regulator.

Is AFX Group a market maker?

AFX Group is a market maker. Stocks, currency and other commodities and instruments will be purchased by AFX Group even if no buyer is lined up.

How can I start trading with AFX Group?

When opening a trading account with AFX Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on AFX Group trading platforms here.

Is my money safe with AFX Group?

AFX Group is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like AFX Group is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to AFX Group, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is AFX Group a con?

While we would noy say that AFX Group is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with AFX Group?

Although traders have had great success with AFX Group. Trading on the financial markets with AFX Group is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does AFX Group have fees?

AFX Group withdrawal fees varies on payment method. AFX Group does charge inactivity fees. AFX Group does charge deposit fees.

When was AFX Group founded?

AFX Group was founded in 1996.

How many people use AFX Group?

AFX Group is used by over 10000 registered traders.

What is AFX Group Headquarters country?

AFX Group has its head quarters office in Cyprus.

Does AFX Group offer negative balance protection?

AFX Group does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does AFX Group offer guaranteed stop loss?

AFX Group does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does AFX Group allow scalping?

AFX Group does not offer scalping.

Does AFX Group allow hedging?

AFX Group does not offer hedging.

Does AFX Group offer CFD trading?

AFX Group offers CFD trading.

Does AFX Group offer STP?

AFX Group offers STP trading.

How many people use AFX Group?

AFX Group is used by over 10000 traders.

Is AFX Group an ECN broker?

AFX Group offers ECN trading.

Does AFX Group offer a demo account?

AFX Group offers a demo account.

Does AFX Group offer an Islamic account?

AFX Group offers a Islamic accounts.

What are the funding methods for AFX Group?

AFX Group accept the following funding methods : Credit cards, American Express, Bank Transfer.

AFX Group review written by Andrew Blumer and Mark Hansen

We hope you found our review of the AFX Group brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

AFX Group review written by Mark Hansen of Comparebrokers.co