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AFX Capital Review
AFX Capital is a broker of forex trading services. They provide traders with access to a wide range of assets in a number of markets, such as currencies, indexes, and stocks. They provide a variety of energy, metals, and agricultural.
Pros
- Regulated by Financial Conduct Authority, CySEC
- Min. deposit from $20
- Segregates client funds
- Established in 2010
Cons
- Inactivity Fee
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
- Doesn’t allow EAs (See alternatives)
A minimum deposit of $20 is required to establish a live account. Alternatively, AFX Capital provides a demo account that you may use to exercise and become acquainted with their platform.
The Financial Conduct Authority in the United Kingdom (FRN: 560872) and CySEC (Licence: 119/10) regulate the company. AFX Capital keeps all customer funds in a separate bank account and employs tier-1 institutions to do so. AFX Capital was founded in 2010
Before we get into the specifics of AFX Capital’s spreads, fees, platforms, and trading tools, you might want to open AFX Capital’s website in a new tab by clicking the button beneath to get the most up-to-date information directly from AFX Capital.
VISIT AFX CAPITAL
Full disclosure: If you join up with a broker through one of our links, we may get a commission.
What are AFX Capital’s spreads & fees?
AFX Capital, like most brokers, charges a fee on the spread, which is the difference between both the buy and sell price of an asset.
The commissions and spreads shown here are based on the AFX Capital website’s minimum spreads.
| Forex | AFX Capital | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | Not offered | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | Not offered | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | Not offered | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | Not offered | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | Not offered | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | Not offered | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | Not offered | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | Not offered | 0.5 pips | 0.1 pips |
Spreads are variable and are provided solely for informational reasons.
As you can see, the minimum spread for trading EUR/USD at AFX Capital is pips, which is relatively low when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with AFX Capital to similar brokers.
SEE ALL SPREADS
How much does it cost to trade 1 lot of EUR/USD with AFX Capital?
If you bought one standard lot of EUR/USD (100,000 units) with AFX Capital at 1.1719 and then sold it the next day at the same price, you would most likely pay $0. Here is a general summary of the fees and how they relate to IG and XTB.
| AFX Capital | IG | XTB | |
| Spread from: | $ 0.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 0.00 | $ 6.00 | $ 2.00 |
| $6 more | $2 more | ||
| VISIT AFX CAPITAL | VISIT IG | VISIT XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with AFX Capital?
AFX Capital allows you to trade over numerous instruments, including over currency pairings. We’ve summarised all of the different types of instruments offered by AFX Capital below, along with comparisons to the instruments offered by IG and XTB.
| FX / Currencies | AFX Capital | IG | XTB |
| # of forex pairs offered | 90 | 48 | |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | |
| Cryptocurrencies* | No | Yes | Yes |
| Commodity CFDs | AFX Capital | IG | XTB |
| # of commodities offered | 34 | 21 | |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | AFX Capital | IG | XTB |
| # of stocks offered | 8000 | 1606 | |
| 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 IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
Visit AFX Capital
What’s the AFX Capital trading experience like?
1) Platforms and apps
AFX Capital provides the well-known MT4 forex trading software. See our MT4 broker comparison for a list of the best MT4 brokers. AFX Capital also provides their own AFX Fast platform.
AFX Capital now provides mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
CHECK OUT AFX CAPITAL’S PLATFORMS
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
You may perform a minimum trade of 0.01 Lot with AFX Capital. This may differ based on the type of account you create. AFX Capital enables you to conduct a maximum of $5,000 in trades.
Because AFX Capital provides ECN and STP execution, you can anticipate incredibly tight spreads and more transparency over the price you pay to execute your transactions.
AFX Capital, as a market maker, may have lower entry criteria than an ECN broker, who benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
Finally, we’ve included a list of some of the most common financing options that AFX Capital provides its traders below.
Trading Features:
- Offers STP
- Low min deposit
- Allows scalping
- Allows hedging
Accounts offered:
- ECN account
- Managed account
- Islamic account
- Demo account
- Standard account
Funding methods:
- Bank Transfer
- Skrill
- Neteller
- Credit cards
3) Client support
English, Polish, Italian, Polish, and Chinese are just a few of the languages supported by AFX Capital.
AFX Capital got a CompareBroker double AA support grade because it provides email and phone assistance in several languages.
4) What you’ll need to open an account with AFX Capital
Because AFX Capital is regulated by the Financial Conduct Authority, CySEC, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it 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 complete a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse AFX Capital’s site immediately, it is essential to know that you will not be able to execute any trades until you pass compliance, which might take several days depending on your circumstances.
To begin the process of creating an account with AFX Capital, go to their website.
Open a demo account
79% of retail investor accounts lose money when trading CFDs with this provider.
