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AFX Capital Review

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AFX Capital is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices and shares. For commodity traders, they offer a range of energies, metals and agriculturals.

Pros

  • Segregates client funds
  • Established in 2010
  • Regulated by Financial Conduct Authority, CySEC
  • Min. deposit from $20

Cons

To open a live account, you’ll need a minimum deposit of at least $20. Alternatively, AFX Capital offers 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 has 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.

Visit AFX Capital

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

AFX Capital screenshot Open a demo account

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

What are AFX Capital's spreads & fees?

Like most brokers, AFX Capital takes 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 spreads listed on AFX Capital’s website. The colour bars show how competitive AFX Capital' spreads are in comparison to other popular brokers featured on BrokerNotes.

AFX Capital
EUR/USD (Average: 0.7 pips) Not offered 0.5 pips 0.8 pips
GBP/USD (Average: 1.1 pips) Not offered 0.5 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 1.6 pips 4.0 pips
AUD/USD (Average: 0.8 pips) Not offered 0.5 pips 4.6 pips
USD/CHF (Average: 2.3 pips) Not offered 1.6 pips 4.0 pips
USD/CAD (Average: 2.9 pips) Not offered 0.5 pips 4.6 pips
NZD/USD (Average: 3.6 pips) Not offered 2.3 pips 5.7 pips
EUR/GBP (Average: 2.4 pips) Not offered 0.5 pips 3.9 pips

Spreads are dynamic and are for informational purposes only.

As you can see, AFX Capital’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 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.

See all Spreads

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 City Index & XTB .

AFX Capital City Index XTB
Spread from: $ 0.00 $ 5.00 $ 2.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 0.00 $ 5.00 $ 2.00
$5 more $2 more
Visit AFX Capital Visit City Index Visit XTB

All fees/prices are for informational purposes and are subject to change.

General Fees

  • AFX Capital does charge inactivity fees
  • AFX Capital doesn’t charge withdrawal fees*

Commissions

  • AFX Capital does charge commission on CFD shares

What can you trade with AFX Capital?

AFX Capital offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by AFX Capital below, along with the instruments offered by City Index and XTB for comparison.

FX / Currencies AFX Capital City Index XTB
# of forex pairs offered 84 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 City Index XTB
# of commodities offered 26 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs AFX Capital City Index XTB
# of Stocks offered 4500 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 InstrumentsSee City Index's InstrumentsSee XTB's Instruments

What’s the AFX Capital trading experience like?

1) Platforms and apps

AFX Capital offers 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.

AFX Capital Screenshot

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

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

AFX Capital allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. AFX Capital allows you to execute a maximum 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 a market maker, AFX Capital may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that AFX Capital offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller

3) Client support

AFX Capital support a wide range of languages including English, Polish, Italian, Polish, and Chinese.

AFX Capital has 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 01/07/2019.

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd