AFEX Market is a forex and contract for difference (CFD) broker that was established in Ireland in 2018, with its headquarters located in London. It primarily offers CFD trading services for forex, stocks, indices, commodities, and more. The official website of this broker is: https://afexmarket.com/, and it supports multiple languages, including English, Italian, and German. It's important to note that AFEX Market does not provide services to jurisdictions under legal restrictions.
Company Background:
AFEX Market is an online broker registered in Ireland under the corporate entity AFEX MARKETS EUROPE LIMITED, with company registration number 635056. The specific office address is 6 Greycoat Ln, London SW1P 2PD, United Kingdom. According to Whois information, AFEX Market's official website domain was registered on December 6,2022, less than a year ago.
Regulatory Information:
AFEX Market is regulated by the Italian Securities and Exchange Commission (CONSOB). According to information on the CONSOB official website, this broker is authorized to provide investment advice and forex trading services in Italy.
Trading Products:
AFEX Market offers a variety of financial instruments for users to trade, including:
Forex: It provides opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on price fluctuations between one currency and another. Examples of tradable currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Stocks: Traders can engage in CFD trading for stocks of different companies, including well-known companies like Apple, Microsoft, and Amazon, without owning the actual stocks.
Indices: Index CFDs enable investors to trade based on the price performance of market indices without buying or selling the underlying index component stocks or assets.
Commodities: Commodity CFDs allow investors to potentially profit from price fluctuations in raw materials and resources. Commodities include crude oil, copper, iron ore, and other raw materials. Commodity CFDs allow investors to participate in various commodity markets without physically holding the commodities.
These products offer investors opportunities to access different financial markets and manage risk through diversified portfolios.
Trading Platform:
AFEX Market provides the highly recognized MT4 trading platform for the forex market, which offers a customizable interface with various technical analysis tools, customizable charts, and a range of built-in indicators like MACD, KDJ, CCI, and more.
MT4 is known for its fast and reliable trade execution, making it a preferred choice for many investors and financial institutions. The software is compatible with multiple devices, including PC, mobile devices, and web-based platforms, making it user-friendly.
Account Registration:
The AFEX Market official website only offers registration links for live accounts. The registration process involves the following steps:
Visit the AFEX Market official website and click on "Register" in the upper right corner.
Follow the steps to enter information such as email, password, and more to complete the account registration.
Account Types:
AFEX Market offers three account types:
- Micro Account (starting from 1 pip, no commission, maximum leverage 1:100, minimum trading size 0.01 lots, minimum deposit 250 EUR)
- Standard Account (fixed spreads, no commission, maximum leverage 1:200, minimum trading size 0.01 lots, minimum deposit 2500 EUR)
- Premium Account (starting from 0 pips,5EUR commission per lot, maximum leverage 1:500, minimum trading size 0.1 lots, minimum deposit 10,000 EUR)
Users can choose the account type that best suits their trading needs.
Deposits and Withdrawals:
AFEX Market supports multiple deposit and withdrawal methods, including VISA, Mastercard, and more. Investors can select the payment method that aligns with their preferences.
Customer Support:
Investors can access customer service from AFEX Market through phone and email. However, the broker does not specify its customer service hours, so responses may not be immediate, which could impact the user experience.
Summary:
AFEX Market offers a range of trading opportunities for users across various financial products and is regulated by the Italian Securities and Exchange Commission (CONSOB). Traders are advised to receive proper education and understanding of market mechanisms before engaging in high-leverage trading. Currently, AFEX Market is marked as "Operating Normally" on TraderKnows.
