AFX Trade

Based on its regulatory status and WikiFX assessment, AFX Trade is not considered safe or reliable for trading. It holds no valid forex trading licenses from any recognized financial authority, resulting in a WikiFX Score of 1.46, which indicates an exceptionally high-risk profile. The lack of oversight means client funds are not protected by compensation schemes, and the broker operates from a suspicious operational region. Potential clients should exercise maximum caution.

No, AFX Trade is not a regulated broker. According to WikiFX data, it holds no valid forex trading licenses. The broker's regulatory index and license index are both 0.0, confirming its status as an unregulated offshore entity without oversight from any major financial authority.

AFX Trade offers a tiered account structure with varying minimum deposit requirements. The BASE account, designed for entry-level traders, requires a minimum deposit of $250. The GOLD account requires $10,000, the PLATINUM account requires $25,000, and the VIP account requires a significant $100,000 minimum deposit.

According to WikiFX data, AFX Trade is listed with a relatively high software index of 4.0. However, specific platform support (such as MT4 or MT5) is not explicitly detailed in the available information. The broker's accounts support features like Expert Advisors (EAs), scalping, and position locking, which are commonly associated with MetaTrader platforms, but traders should verify this directly with the broker.