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 23 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
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
AFX Group General Fees
- AFX Group withdrawal fees varies on payment method
- AFX Group does charge inactivity fees
AFX Group Commissions
- AFX Group does charge commission on CFD shares
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 Interactive Brokers and XTB below.
| FX / Currencies | afxgroup | IB | XTB |
|---|---|---|---|
| # of forex pairs offered | 10 | 50 | |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | No | Yes | |
| Exotic forex pairs | Yes | Yes | |
| Cryptocurrencies | No | No | Yes |
| Commodity CFDs | AFX Group | Interactive Brokers | XTB |
|---|---|---|---|
| # of commodities offered | 0 | ||
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Indiced & Stock CFDs | AFX Group | Interactive Brokers | XTB |
|---|---|---|---|
| # of Stocks offered | 1500 | ||
| UK Shares | Yes | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
|
afxgroup's
Instruments |
IB's
Instruments |
XTB's
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.
See afxgroup's platformsAFX Group Trading benefits :
- Offers STP
- Low min deposit
AFX Group Trading Accounts offered:
- ECN 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
What funding methods do AFX Group accept?
AFX Group offer the below funding payment methods. learn more about AFX Group
- Credit cards
- Bank Transfer
- American Express
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, but as a guide, AFX Group offer margin up to % on currencies.
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
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.
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AFX GROUP Frequently Asked Questions
Can I try AFX Group before I buy?
AFX Group do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do AFX Group accept?
AFX Group offer the below funding payment methods accept Credit cards, Bank Transfers, American Express, among other payment methods. Learn more here
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.