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AFFX

Saint Vincent and the Grenadines|2-5 years|
MT5 Full License|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://affxprime.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
AsiaFutureTrading-Demo MT4
Server Location United Kingdom

Contact

info@affxprime.com
https://affxprime.com

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Asia Future Trading Corporation Ltd

Abbreviation

AFFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0546035) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0546035)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

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AFFX · WikiFX Survey

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AFFX · Company Summary

AFFX Basic Information
Registered Country/Region United States
Regulations Unregulated
Tradable Assets Forex, Metals, Oil, Indices, and Cryptocurrencies
Account Types Standard Account, Social Account, Cent Account, Social Cent Account, ECN Account, ZERO Account
Demo Account Available
Minimum Deposit $15
Maximum Leverage 400:1
Minimum spread From 0.0 pips
Deposit & Withdrawal Local Bank, Credit/Debit Cards, E-Wallets, Bankwire, Cryptocurrency
Trading Platforms MetaTrader 5
Customer Support Phone, Email, Live chat,
Education Resources N/A

General Information

Asia Future Trading Corporation (AFFX) is incorporated in Saint Vincent and the Grenadines under registered number 25606 BC 2019, authorised by the Financial Services Authority (FSA) and registered member with the National Futures Association (NFA ID:0546035).

AFFX is an established ECN forex broker serving both individual and corporate clients. It offers all of our customers a comprehensive range of trading options, AFFX technical support, and consulting services, with the goal of making the trading process efficient, hassle-free, and above all highly profitable for you.

basic-info

Is AFFX Legit or a Scam?

AFFX, although registered in the United States, lacks regulation from reputable financial authorities. It's crucial to understand the risks associated with trading with an unregulated broker. Without oversight from regulatory bodies, there is a higher risk of unfair practices and inadequate protection of clients' funds. Traders must conduct thorough research and exercise due diligence before considering opening an account with an unregulated broker. It is important to prioritize the safety and security of funds by choosing a broker that is regulated by recognized financial authorities.

Pros and Cons

AFFX offers a diverse range of market instruments, multiple account types, a user-friendly MetaTrader 5 platform, convenient deposit and withdrawal options. However, it lacks regulation, provides limited educational resources, charges commission fees for certain account types, requires a higher minimum deposit for the ECN Account, and has limited availability of social account features.

Pros Cons
Diverse Market Instruments Lack of Regulation
Multiple Account Types Limited Educational Resources
MetaTrader 5 Platform Commission Fees for Some Account Types
Higher Minimum Deposit for ECN Account
Limited Availability of Social Account Features

Investment products

AFFX offers a diverse range of market instruments including Forex, Metals, Oil, Indices, and Cryptocurrencies. Each instrument provides traders with unique opportunities to engage in various markets, allowing them to diversify their investments and potentially profit from price fluctuations in these different asset classes.

  1. Forex (Foreign Exchange):

    Forex, also known as the foreign exchange market, is the largest and most liquid financial market in the world. It involves the trading of currencies, where participants can buy one currency while selling another simultaneously. AFFX provides a range of currency pairs for trading, allowing investors to speculate on the exchange rate fluctuations between different currencies.

  2. Metals:

    AFFX offers trading instruments related to precious metals such as gold, silver, platinum, and palladium. These metals are highly valued for their scarcity, industrial applications, and historical role as stores of value. Trading in metals provides investors with an opportunity to hedge against inflation, diversify their portfolios, or take advantage of price movements in these commodities.

  3. Oil:

    Oil trading involves the buying and selling of crude oil or refined petroleum products. As one of the most actively traded commodities, oil prices can be influenced by various factors such as supply and demand dynamics, geopolitical events, and economic indicators. AFFX allows traders to participate in the oil market, potentially benefiting from price fluctuations and global energy trends.

  4. Indices:

    Indices represent a basket of stocks or securities that are used to track and measure the performance of a specific market or sector. Examples of popular indices include the S&P 500, Dow Jones Industrial Average, and FTSE 100. AFFX offers trading opportunities on a variety of global indices, enabling investors to speculate on the overall direction of major markets and sectors.

  5. Crypto:

    Cryptocurrencies have gained significant popularity in recent years. AFFX provides access to a range of digital currencies like Bitcoin, Ethereum, Ripple, and others. Crypto trading involves speculating on the price movements of these digital assets, which can be highly volatile. Traders can take advantage of both rising and falling prices in the cryptocurrency market.

products

Account Type

These account types offered by AFFX cater to a wide range of traders with different preferences and trading styles, providing flexibility in terms of trading costs, minimum deposits, leverage, and features such as social trading and tight spreads.

  1. Standard Account:

    The Standard Account offered by AFFX features a minimum spread of 2.0 pips, zero commissions, a minimum deposit requirement of $15, and a maximum leverage of 400:1. This account is suitable for traders who prefer a standard trading environment with no additional commissions.

  2. Social Account:

    The Social Account on AFFX also provides a minimum spread of 2.0 pips, zero commissions, a slightly higher minimum deposit requirement of $100, and a maximum leverage of 400:1. This account type is specifically designed for social trading, allowing users to connect with other traders, share strategies, and copy trades.

  3. Cent Account:

    AFFX's Cent Account offers a minimum spread of 2.0 pips, zero commissions, a minimum deposit requirement of $15, and a maximum leverage of 400:1. This account is denominated in cents, allowing traders to execute smaller volume trades and manage risks more flexibly.

  4. Social Cent Account:

    Similar to the Social Account, the Social Cent Account features a minimum spread of 2.0 pips, zero commissions, a minimum deposit requirement of $15, and a maximum leverage of 400:1. However, this account type is denominated in cents, combining the benefits of social trading and lower trade sizes.

  5. ECN Account:

    The ECN Account provided by AFFX offers a minimum spread starting from 0.0 pips, with a commission of $3 per lot traded. It requires a higher minimum deposit of $10,000 and provides a maximum leverage of 400:1. This account type is suitable for experienced traders who require direct market access and tighter spreads.

  6. ZERO Account:

    AFFX's ZERO Account offers a minimum spread starting from 0.0 pips and a commission of $3.5 per lot traded. It features a lower minimum deposit requirement of $1000 and a maximum leverage of 400:1. This account type is designed for traders seeking extremely low spreads and fast execution without compromising on trading conditions.

account-types

How to Open an Account?

Here's a general outline of the account opening process for AFFX, including 3-5 steps:

open-account
  1. Online Registration:

    The first step is to visit the AFFX website and navigate to the account opening or registration page. You will typically find a “Sign Up” or “Open an Account” button. Click on it to start the registration process.

open-account

2. Account Information:

You will be asked to provide necessary information to create your account. This typically includes personal details such as your full name, email address, contact number, and country of residence. You may also need to choose the type of account you wish to open, such as a Standard, Social, Cent, ECN, or ZERO account.

3. Identity Verification:

To comply with regulatory requirements and ensure the security of the platform, AFFX may require you to verify your identity. You will need to provide scanned copies or photos of identification documents such as your passport or driver's license. Some additional documents, like proof of address (utility bill or bank statement), may also be required.

4. Fund Your Account:

After completing the registration and verification process, you will need to fund your trading account. AFFX will provide you with various deposit options such as bank wire transfers, credit/debit cards, or electronic payment methods. Choose the preferred method and follow the instructions to transfer funds into your account. Minimum deposit requirements may vary depending on the chosen account type.

5. Account Activation:

Once your account is funded, AFFX will process your deposit and activate your trading account. You will receive confirmation of your account activation, along with login credentials to access the trading platform. At this stage, you may need to install any necessary trading software or use the web-based platform provided by AFFX.

Leverage

All account types offered by AFFX provide a maximum leverage of 400:1. This means that traders can control positions that are up to 400 times larger than their invested capital. The high leverage allows traders to amplify potential profits from successful trades. However, it's important to note that leverage also magnifies the risk, as losses can also be multiplied. AFFX offers this consistent maximum leverage across all account types to provide traders with flexibility and the potential for increased trading opportunities.

Spreads & Commissions (Trading Fees)

Standard and Social accounts feature a starting spread of 2.0 pips with no commission charges across all trading instruments including FOREX, Metal, Oil, Indices, and Crypto. Cent and Social Cent accounts also start with a 2.0 pip spread but waive commissions only on FOREX and Metal trades. The ECN account offers the lowest spreads starting from 0.0 pips and charges a commission of $3 per side for most instruments, except for Crypto trades which incur a 0.04% commission per side. The ZERO account, similar to ECN in terms of spreads, charges a slightly higher commission of $3.5 per side for the same instruments except for Crypto, which also has a 0.04% commission rate per side.

Account Type Spread Start Commission for FOREX, Metal, Oil, Indices Commission for Crypto
Standard 2.0 Pips No commission No commission
Social 2.0 Pips No commission No commission
Cent 2.0 Pips No commission (FOREX and Metal only) Not applicable
Social Cent 2.0 Pips No commission (FOREX and Metal only) Not applicable
ECN 0.0 Pips $3 per side 0.04% per side
ZERO 0.0 Pips $3.5 per side 0.04% per side

Trading Platform

AFFX's trading platform is powered by MetaTrader 5 (MT5), a renowned and widely used trading platform in the industry. MT5 offers a user-friendly interface, advanced charting tools, and a wide range of technical indicators for in-depth market analysis. Traders can execute trades seamlessly, access real-time market data, and implement automated trading strategies using Expert Advisors. With MT5, AFFX provides a robust and reliable platform that caters to the needs of both beginner and experienced traders, enabling them to trade various financial instruments efficiently and effectively.

trading-platform

Deposit & Withdrawal

AFFX offers three deposit and withdrawal options for its clients. Deposits and withdrawals are facilitated through payment solutions such as Pay Solutions and Wintech. The minimum deposit requirement is $15, allowing traders to start with a small initial investment.

deposit-withdrawal

Bonus Promotion

AFFX offers two bonus promotions for both new and existing customers:

  1. 100% Bonus Promotion:

    1. This promotion supports trading margin and starts with a minimum deposit of $100. It offers a 100% deposit bonus up to $200. Conditions include required collateral for hedging positions, proportional deduction of the bonus upon withdrawals, and strict prohibitions against misuse such as speculation, abuse, or fraud. The broker may reject orders or revoke accounts if violations occur.

100% Bonus Promotion
  1. Cent Account 20% Bonus:

    1. Available to all customer types, this bonus provides a 20% deposit bonus up to $60 (or 6,000 cents). Similar conditions apply as with the 100% bonus, including collateral requirements for hedging, proportional deductions on withdrawals, and prohibitions on misuse. Violations will lead to potential order rejection or account revocation.

Cent Account 20% Bonus

Customer Support

AFFX provides excellent customer support to assist traders throughout their trading journey. Clients can reach out to the support team through multiple channels. They can contact customer support via phone, email, or live chat on social media platforms like Facebook. The dedicated support team is readily available to address inquiries, provide guidance, and offer technical assistance. Whether traders have questions about account setup, trading features, or need help with technical issues, AFFX's customer support ensures timely and helpful responses, fostering

Email: info@affxprime.com

Line:@affxth

Besides, you can also keep up with this broker on some popular trading platforms like Facebook, Twittter, Instagram, and Youtube.

customer-support

Conclusion

AFFX is an online brokerage firm based in the United States, providing a diverse range of financial services to traders. While it lacks regulation, AFFX offers access to various market instruments, including Forex, Metals, Oil, Indices, and Cryptocurrencies. Traders can choose from multiple account types with leverage of up to 1:400. The trading platform is powered by MetaTrader 5 (MT5), known for its user-friendly interface and advanced charting tools. However, traders should carefully consider the risks associated with an unregulated broker before deciding to trade with AFFX.

FAQs

What trading instruments are available at AFFX?

AFFX offers a wide range of trading instruments, including Forex, Metals, Oil, Indices, and Cryptocurrencies

Does AFFX offer a demo account?

Yes, AFFX offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

What is the minimum deposit required to open an account with AFFX?

The minimum deposit required to open an account with AFFX is $15.

What is the maximum leverage offered by AFFX?

The maximum leverage offered by AFFX is 1:400.

User Reviews

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Mahve
more than one year
AFFX has got it all! Their trading platforms are user-friendly and packed with features, making trading a breeze. And with a low minimum deposit, it's accessible to traders of all levels. Definitely worth checking out!
2024-07-12 18:13
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0
0
7791
more than one year
Their ZERO account option is perfect for traders like me who have smaller capital but still want access to raw spreads and affordable commissions. It's empowering to get such competitive conditions without needing a huge deposit.
2024-06-27 15:20
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0
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FX1491336922
more than one year
Dealing with AFFX was generally positive. Thin spreads and super quick trade execution? Absolutely loved those aspects. Using MetaTrader 5 on my MAC? Pretty handy. The process of both starting up and withdrawing money? Smooth sailing. But yeah, wasn't that thrilled about the high minimum deposit for some accounts. But hey, overall, trading with AFFX turned out pretty alright!
2024-05-15 13:37
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0
0
Vantage
more than one year
I used AFFX as my trading broker, and I have to say, my experience was far from satisfactory. We conducted overnight trades with set stop-loss and take-profit points. However, when I woke up, I found all my trades had been closed, without reaching any of the specified stop-loss or take-profit levels. This led to significant losses, almost $20,000 across three accounts. Upon contacting the team, their response was that the trades were manually closed from my end. How could I possibly close trades while asleep in the middle of the night? There was no option for additional screenshots, otherwise, I would have shared them here too. Overall, my experience with this broker was extremely poor.
2024-03-11 11:50
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0
0
Zkara
more than one year
While AFFX provides a decent range of trading options, I cannot ignore the fact that it lacks regulation from recognized financial authorities. This raises concerns about the safety of my funds and the potential for unfair practices.
2023-12-11 18:22
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0
0
XU87324
more than one year
The limited availability of educational resources makes it challenging, especially for newcomers, to get the necessary guidance. Additionally, the commission fees for certain account types and the higher minimum deposit for the ECN Account are not favorable aspects. Considering the risks associated with an unregulated broker, I would advise traders to approach AFFX with caution and prioritize brokers with proper regulatory oversight.
2023-12-08 17:22
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0
0
FX1445331569
more than one year
As a trader who has used AFFX's social trading account, I must say I had a really positive experience overall. The minimum deposit required is low, and the spreads are really competitive. The fact that they don't charge commission fees on most trading products is a huge plus in my book. Overall, I would definitely recommend AFFX as a great choice for traders who are looking for a low-cost and user-friendly trading platform.
2023-03-24 09:37
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