AFX Group Review 2021

AFX Group Rated 0/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
AFX Group Review Screenshot

AFX Group Guide - Read our In Depth AFX Group Review

This AFX Group review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

What is AFX Group?

AFX Group are a global online financial trading platform and multi asset broker founded in 1996

Over 25 years later AFX Group has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

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

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

We will dive deep in this AFX Group review and assess how well the AFX Group platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like AFX Group can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of AFX Group we breakdown 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this AFX Group review useful.

This review of the AFX Group platform is very detailed. If you are interested in trading with AFX Group in any capacity please take the time to read and research the whole AFX Group review.

We have tried to explain the ins and outs of financial trading through the AFX Group platform as plainly as possible so that you the trader are as informed as possible before you start to use the AFX Group trading tools and depositing and withdrawing funds from AFX Group.

Benefits of trading with AFX Group

Open AFX Group's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with AFX Group like Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. you should have confidence in AFX Group and know that the management of your financial investments on the AFX Group platform is in good hands.

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

With this AFX Group 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 review
AFX Group is a Multi-Assets Trading Platform with over 27+ Assets

Learn more about AFX Group. AFX Group is a multi asset platform with 27+ tradable Assets. Assets available on AFX Group include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

AFX Group trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

AFX Group review
Features of AFX Group

AFX Group review
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.

AFX Group review
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 25 years AFX Group have a head office in Cyprus.

AFX Group is not regulated. This means AFX Group are not supervised by any regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to AFX Group, this will be honored.

AFX Group review
Is my money safe with AFX Group?

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.

What are Tier 1 banks and why should AFX Group use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in AFX Group deposited in a Tier 1 bank?

Having any money you deposit with AFX Group means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if AFX Group goes out of business for some reason.

Therefore, we can safely conclude that AFX Group is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. AFX Group also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding AFX Group. let us look at the AFX Group features in more detail.

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.

How AFX Group as a Company Compare Against Other Brokers

Broker afxgroup eToro IC Markets XTB
Year Established 1996 2006 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ AFX Group users 17,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit AFX Group Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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 review
AFX Group Pros and Cons

What we like about AFX Group

  • Used by over 10,000 AFX Group users and traders
  • Established in 1996
  • Min. deposit from $200

What we don't like about AFX Group

AFX Group review
AFX Group Regulation and Licensing 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 review
Is AFX Group Global?

Yes, AFX Group is global as AFX Group is available in over 194 countries.

AFX Group is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries AFX Group covers include the UK, Germany, Australia, South Africa, Thailand, and China. AFX Group has a total of more than 10,000 users.

AFX Group review
AFX Group Fees Explained

  • AFX Group withdrawal fees varies on payment method
  • AFX Group does charge a fee for inactive accounts.
  • AFX Group does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How AFX Group Fees Compare Against Other Brokers

Broker afxgroup eToro IC Markets XTB
Min Deposit 200 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

AFX Group review
AFX Group Minimum Deposit

AFX Group require a minimum desposit of 200 GBP/USD when opening an AFX Group trading account.

A minimum deposit is the minimum amount of money required by AFX Group to open a new online brokerage account with them.

Dont be scared off by brokers like AFX Group charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

AFX Group review
AFX Group Withdrawal Fees

AFX Group withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

AFX Group for example allow you to withdraw your funds to Credit cards, American Express, Bank Transfer.

AFX Group review
AFX Group Inactivity Fees

AFX Group does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

AFX Group review
AFX Group Desposit Fees

AFX Group does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

AFX Group review
AFX Group Commission Fees

AFX Group does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

AFX Group review
What can you trade with AFX Group?

Be aware that Different entities under AFX Group Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 IC Markets below.

Your capital is at risk

How AFX Group Trading Options Compare Against Other Brokers

Broker afxgroup eToro IC Markets XTB
Instruments Available 27 2000 232 4000
Platforms MT4 Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
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        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 2042 110 1696
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit AFX Group
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% 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 review
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 AFX Group's platforms

AFX Group review
Is the AFX Group Trading Platform Secure?

AFX Group safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. AFX Group also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating AFX Group.

AFX Group review
AFX Group Trading Platform Options

Once you have logged into your AFX Group account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

AFX Group does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

AFX Group does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options AFX Group gives you.

AFX Group review
AFX Group MetaTrader 4 (MT4)

AFX Group MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with AFX Group. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with AFX Group in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. AFX Group MetaTrader 4 is compatible with the latest macOS Mojave. AFX Group allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on AFX Group

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade AFX Group MetaTrader 4 on IOS Devices

You can download the AFX Group app or also trade with AFX Group through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade AFX Group MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. AFX Group provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android AFX Group MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade AFX Group MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

AFX Group MetaTrader 4 Advanced Trading Tools

The AFX Group advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. AFX Group offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade AFX Group MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

AFX Group MetaTrader 4 AutoChartist

AFX Group Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

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

Your capital is at risk

AFX Group withdrawal and funding methods.

Please note that the list of AFX Group payment methods below depend on the AFX Group Entity and the Clients Country of Residence.

All available AFX Group payment methods available to you can be found in your AFX Group members area checked on the AFX Group website.

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

AFX Group Payment Methods

  • AFX Group accepts Credit cards
  • AFX Group accepts American Express
  • AFX Group accepts Bank Transfer
Broker afxgroup eToro IC Markets XTB
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 No Yes
Neteller No Yes Yes Yes

*please note available AFX Group and other broker payment methods depend on the clients country of residence.

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.

Your capital is at risk

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 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 IC Markets XTB
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, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit AFX Group Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under AFX Group Brand may be different.

  • 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 3 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 the AFX Group trading platform 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 January 15, 2021.

AFX Group review
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 25 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 review
AFX Group not quite right?

If after reading this AFX Group review, AFX Group does not fulfill your needs check out these AFX Group Alternatives.

Click here to view the best 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.

AFX Group review
Related AFX Group Vs Comparisons

We have covered allot in this AFX Group review, If you want to see how AFX Group compares side by side with other brokers check out our AFX Group Vs pages.

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 our indepth AFX Group VS pages below.

AFX Group review
AFX GROUP Frequently Asked Questions

Can I try AFX Group before I buy?

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

What funding methods do AFX Group accept?

Please note that the list of payment methods below depend on the AFX Group Entity and the Clients Country of Residence.

AFX Group offer the following funding payment methods Credit cards, American Express, Bank 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?

AFX Group is considered good and reputable to trade with AFX Group. AFX Group is used by over 10,000 active traders and AFX Group users. AFX Group offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with AFX Group is 200.

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 25 years. AFX Group offers clients Forex trading, CFD trading, Spread Betting trading, Social 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 overseen by the top tier financial regulators Unregulated so can be considered a good broker. AFX Group allows Forex trading, CFD trading, Spread Betting trading, Social 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 a fee for inactive accounts. 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 10,000 registered AFX Group users.

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. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

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 AFX Group users and 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?

Please note that funding methods available with AFX Group can be found in the AFX Group Members area and depend on the AFX Group client’s country of residence. Please check your specific available payment methods on the AFX Group website. 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