AFX Capital one way: Forex.
To open a live account, you’ll need a minimum deposit of at least $20. Alternatively, AFX Capital offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 560872 ), and CySEC (Licence: 119/10 ). AFX Capital puts all client funds in a segregated bank account and uses tier-1 banks for this. AFX Capital have been established since 2010, and have a head office in .
Before we dive into some of the more detailed aspects of AFX Capital’s spreads, fees, platforms and trading features, you may want to open AFX Capital‘s website in a new tab by clicking the button below in order to see the latest information directly from AFX Capital.
Open a demo account Visit AFX Capital
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.
PROS
- Segeregates client funds
- Established in 2010
- Regulated by Financial Conduct Authority, CySEC
- Min. deposit from $20
CONS
- Doesn’t allow EA’s ( See alternatives )
- Not ASIC Regulated ( See alternatives )
What are AFX Capital's spreads & fees?
Like most brokers, AFX Capital take a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum fixed spreads listed on AFX Capital’s website. The colour bars show how competitive AFX Capital’s spreads are in comparison to other popular brokers featured on BrokerNotes.
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EUR/USD
Not offered $0.00 per lotThe average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
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USD/JPY
Not offered $0.00 per lotThe average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
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GBP/USD
Not offered $0.00 per lotThe average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
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Bitcoin
Not offeredThe average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
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Gold
Not offeredThe average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
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DAX30
Not offeredThe average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, AFX Capital's
minimum spread for trading EUR/USD is N/A pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with AFX Capital vs. similar brokers.
How much does AFX Capital charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with AFX Capital at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.
| AFX Capital | Plus500 | AvaTrade | |
|---|---|---|---|
| Spread from: | $0.00 | $6.00 | $7.00 |
| Typical overnight fee: | $0.00 | $9.40 | $5.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $0 | $15.4 | $12 |
| $15.40 more | $12.00 more | ||
| Visit AFX Capital | Visit Plus500 | Visit AvaTrade |
Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.
What can you trade with AFX Capital?
| FX / Currencies | AFX Capital | Plus500 | AvaTrade |
|---|---|---|---|
| # of forex pairs offered | 61 | 59 | |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | AFX Capital | Plus500 | AvaTrade |
|---|---|---|---|
| # of commodities offered | 17 | 16 | |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Indiced & Stock CFDs | AFX Capital | Plus500 | AvaTrade |
|---|---|---|---|
| # of Stocks offered | 1816 | 99 | |
| UK Shares | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
| See AFX Capital's Instruments | See Plus500's Instruments | See AvaTrade's Instruments |
What’s the AFX Capital trading experience like?
1) Platforms and apps
AFX Capital offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. AFX Capital also offer their custom AFX Fast platform.
See AFX Capital's Platforms
AFX Capital also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See AFX Capital's platforms Your capital is at risk.2) Executing Trades
AFX Capital allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. AFX Capital allow you to execute a maxium trade of $5,000. As AFX Capital 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 Capital offer margin up to 0.002 on currencies.
Finally, we’ve listed some of the popular funding methods that AFX Capital offers its traders on the right.
3) Client support
AFX Capital support a wide range of languages including English, Polish, Italian, Polish, Chinese
AFX Capital have a BrokerNotes double AA support rating because AFX Capital offer over three languages email and phone support.
4) What you’ll need to open an account with AFX Capital
As AFX Capital is regulated by Financial Conduct Authority, CySEC, 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 Capital’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 Capital 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 http://www.stofs.co.uk/ on March 21, 2018.