AFB FX Forex Broker

Company AFB FX Limited
Established in 2010
Online since 2011
International Offices Cyprus
Payment Methods Moneybookers, WebMoney and Wire Transfer
Demo Accounts & Platforms Meta Trader 4 (Limited with 14 days of inactivity)
Account currencies United States Dollar
Regulated & Registered by CNMV (Spain), CySEC (Cyprus), FSA (UK)
Are US Traders allowed? No
Bonus? (detailed)
Languages in which website is available? Arabic, Chinese, English, Russian
Languages in which Support is available? Arabic, English
Different Support methods? Callback, email, live chat, phone, office and web form
Types of Account (micro standard executive islamic) Micro, Mini, Standard, Advanced
Minimum deposit in accounts $100
Minimum position size 0.01 lot
Type of Spread? Variable
Minimum spread on EUR/USD, pips 2
Is Scalping Allowed?
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Forex- 1:400
Real Trading platforms Meta Trader 4, Web Trader (SerSart), Mobile Trader (SerSart)
Digits after the dot in quotes 5
Margin call level 28
Stop-out level Yes
Total Number of currency pairs Yes
Any Bonus offers Yes
Affiliate program Available? Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

afbAFB FX Limited was established is the year 2010 and has started their internet based online service only in the 2011. Their office is located in Cyprus and is regulated by the regulating authority there that is CySEC, CNMV in Spain and FSA in U.K.  They have different bonus offers for their customers which are of great use to the customers as it adds to their account fund. They also conduct trading contests time to time for the clients who like to indulge in certain things other than serious trading. They have the facility of putting the trade order through telephone. Segregated accounts make sure that the trader’s money is safe as the company funds and the trader’s fund is kept separate. They allow only United States Dollar as the account currencies. Their website is multilingual and is available in 4 languages, Arabic, Chinese, English and Russian. Their customer support service is available only in 2 languages that is Arabic and English and can be availed via callback, email, phone, office, live chat and web form. The customer support service is of world class and the staffs are well trained to resolve any query related to trading.

Demo account has Meta Trader 4 as the trading platform and is limited to use of 14 days. For real trading the trading platforms offered are Meta Trader 4, Web Trader and Mobile trader. The different types of accounts offered to the traders are Micro, Mini, Standard and Advanced. The minimum deposit required to open an account with them is $100 and the minimum position size is 0.01 lots. They allow trade only in forex and the maximum leverage offered on the same is 1:400. They have a commission of $15 for one way trade for CFD of 1 Std. lot.

If you are looking for a forex broker and zeroed on one then do not forget to read the reviews posted online by its users. AFC FX broker’s reviews are mixed and the most liked feature of the company is their trading platform which is fast and helps in successful execution of trade. The minimum amount required to open an account with them is $100 which is liked by many traders. They being well regulated in Cyprus, Spain and UK is also liked by many traders as it increases the reliability quotient of the company. Many like their multilingual website which is very easy to navigate. Mobile, browser based platform and automated trading service are liked by many traders. A few of the cons mentioned is that they have limited payment options, the customer support service is available in only 2 languages and that the account currencies that can be had in the account is only United States Dollar. They do not allow customer from United States is also listed as a drawback by some.  However, the overall review for the company looks good but the average rating given to the company by its different users is only 3.4 out of 10 as per the 42 votes that has come for it.

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