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AFFX-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-12-27 18:32

Abstract:An unregulated Thai broker, AFFX offers trading in forex, stocks, indexes, commodities, and cryptocurrencies. It provides MT5 platform and demo accounts to trade. AFFX's leverage is up to 1:400, the average EUR/USD spread is 0.2 pips. Demo accounts are available and the minimum deposit requirement to open a live account is 100 USD.

AFFX Review Summary
Founded2021
Registered Country/RegionThailand
RegulationNo regulation
Market InstrumentsForex, stocks, indexes, commodities, cryptocurrencies
Demo Account✅
LeverageUp to 1:400
EUR/USD SpreadAverage 0.2 pips
Trading PlatformMT5
Social Trading✅
Min Deposit$100
Customer SupportTel: +852 39570742
Email: info@affxprime.com
Line: @affxth
Facebook, Twittter, Instagram, and Youtube
Company address: A68,3F, Manning Industrial Building,116-118 How Ming St, KwunTong, Hong Kong SAR
Regional RestrictionsThe United States of America, European Countries, the Islamic Republic of Iran and Israel

An unregulated Thai broker, AFFX offers trading in forex, stocks, indexes, commodities, and cryptocurrencies. It provides MT5 platform and demo accounts to trade. AFFX's leverage is up to 1:400, the average EUR/USD spread is 0.2 pips. Demo accounts are available and the minimum deposit requirement to open a live account is 100 USD.

AFFX's homepage

Pros and Cons

ProsCons
Various trading productsRegional restrictions
Demo accountsNo regulation
Cent account offeredNo popular payment options
Multiple account types
Commissio-free for most accounts
Tight EUR/USD spread
MT5 support
Social trading

Is AFFX Legit?

No, AFFX has no legal license. Regulated status means a safer investment; conversely, an unregulated trader must be aware of investment risks.

No license
Domain information

What Can I Trade on AFFX?

Tradable InstrumentsSupported
Forex✔
Stocks✔
Indexes✔
Commodities✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌

Account Type

Account TypeMin Deposit
Standard$15
Social$100
Cent$15
Social Cent$1,000
ECN$10,000
ZERO$1,000
Account comparison

AFFX Fees

Account TypeSpreadCommission for FOREX, Metal, Oil, IndicesCommission for Crypto
StandardFrom 2.0 pips❌
Social
Cent❌(FOREX and Metal only)Not applicable
Social Cent
ECNFrom 0.0 pips$3 per lot per side0.04% per side
ZERO$3.5 per side

Leverage

AFFX offers leverage up to 1:400 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Mac, Windows, Web TerminalExperienced traders
MT4❌/Beginners
MT5

Deposit and Withdrawal

AFFX only accepts payments via Pay Solutions, WinTech, and Tether.

Payment methods
LeverageBrokerDealerForex tradingForex Brokerforex pips

Related broker

No Regulation
AFFX
Company name:Asia Future Trading Corporation Ltd
Score
1.49
Website:https://affxprime.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.49

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