Afex Capital reviews

Afex Capital

Afex Capital is a broker offering a good selection of currency pairs and CFDs. This 2021 review explores the pros and cons of signing up with LQDFX, including minimum deposits, match bonuses, and the MT4 trading platform.

The broker was created in 2010 and follows the straight-through processing (STP), no-dealing center (NDD) model, providing direct market access and removing requotes.

The broker has a solid client base spanning multiple locations from Canada to Australia.

Markets

Through LQDFX, you can trade 71 currency pairs, consisting of 7 major, 21 minor and 43 exotic pairs. You can also trade 16 precious metals including gold, silver, palladium and platinum, as well as 21 global stock indexes and 6 energy and agricultural commodities.

Spreads and commissions

The spreads offered by Afex Capital are different for each account type and depend on market conditions. The Micro account has the widest spreads with typical values ​​of 1.7 points for EUR / GBP, 1.2 points for EUR / USD and 1.8 points for GBP / USD.

Macro and Islamic accounts have tighter spreads: EUR / GBP is usually 1.2 points, EUR / USD 1.1 points and GBP / USD 1.4 points. ECN and VIP accounts have the most competitive spreads: 0.5 points for EUR / GBP and 0.1 points for EUR / USD and GBP / USD.

Micro, macro and Islamic accounts do not require commission; however, ECN accounts are charged $ 3.50 per lot, and VIP accounts are charged $ 2.50. The broker also charges swaps for keeping positions open overnight, details of which are available on the Afex Capital website.

Bonuses and offers

Afex Capital offers a 100% deposit bonus matching your cash payment. The bonus applies to deposits between $ 250 and $ 20,000 and must be selected upon registration. The bonus can be withdrawn after meeting the trading volume requirements. Volume requirements depend on the size of the bonus, with $ 5 being withdrawn for each full lot traded (100,000 units).

Visit the broker’s website for the latest bonuses and discounts.

Account types

Afex Capital provides four live accounts and a complete set of training materials, a dedicated account manager and trading assets. The broker also offers swap-free trading conditions for Islamic clients.

Support

The support team can help with multiple account requests, from uploading documents for pending KYC verification to PAMM servers and trading off error messages. Unfortunately, customers are unable to consult the FAQ portal about margin call requirements. Please note that customer support cannot provide tax advice or name individual employees.

The address of the broker’s headquarters can be found on the website.

Client security

Afex Capital has a secure website that uses secure single socket layer (SSL) encryption for all website traffic. The broker keeps all client funds separate from the company’s capital, so your money is returned to you in the event the broker is liquidated

Let’s summarize

Afex Capital offers a robust basic service as an online broker with a variety of currency pairs and a range of metals, commodities and indexes. There is also a good selection of account options, including a dedicated Islamic account, plus a good education center and support for scalping, hedging, and other trading strategies.

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