AFX Group Review 2020

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.

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.

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.

AFX Group review written by Andrew Blumer and Mark Hansen