Afex Capital is a company that specializes in trading currency pairs and contracts. This review will show the pros and cons of the company, talk about bonuses and MT4.
Founded in 2010, works on the principle of no dealing (transactions without the participation of the company), this eliminates the conflict of interest of the broker and the trader.
LQDFX offers trading in 71 currency pairs, 16 metals, including precious metals, and 21 indices.
Spreads and Fees
The spreads the company charges depend on the type of account and market conditions. For example a Micro account has wider spreads of 1.7 pips for the EUR/USD, 1.2 for EUR/USD and 1.8 for GBP/USD.
Macro and Islamic accounts (without swaps) offer narrow spreads. For example. For ex: EUR/USD 1.1, EUR/USD 1.2 pips respectively and lowest spreads from 0.1 pip on ECN or VIP accounts.
Commissions are not charged for basic accounts, except for ECN accounts – 3.5 USD per lot, VIP – 2.5 USD per standard lot. For rollover there is also a charge, it is better to learn about it from a representative of the company or on a site.
Bonuses and offers
Afex Capital is ready to provide a welcome bonus of 100 percent of the amount of the first investment, it will help in the short term to untwist the account and, if there is a good turnover bonus will be written off by the company. For example, to withdraw a $5 bonus, you need to make a volume of 100,000d.
Check the company’s website for current bonuses and promotions.
Types of Accounts
Clients are offered 4 basic accounts with a good base of educational material and a personal analyst who will help choose a strategy and share relevant information.
The support team will be in touch at any time and will help with issues from account verification to assistance with depositing. The team has been trained and with a high level of professionalism will come to the rescue of the novice trader. However, the company staff will not provide information about your taxation or avoidance schemes.
Documents of the company as well as the address of registration are on the website
Afex Capital has a website that is protected from hacker attacks and information theft, all transactions are protected by SSL level encryption. Client accounts are separated from brokerage accounts, this protects you in case of liquidation of the company.
To sum it up
Afex Capital is a worthy player on the financial services market, offering all the basic assets for trading. From four types of accounts the client is offered to choose the most suitable for work. Educational resources are systematized and available for any type of account. A personal analyst will help in developing a strategy and choosing a more suitable asset.