Afex EU Review: Revealing the Broker’s Hidden Agenda

Welcome to our Afex EU review, where we expose this brokerage’s shady goals and strategies. Join us as we reveal the secret purpose of Afex EU’s operations. You can also check our Robinhood review for a regulated and reliable choice. 

Multiple financial authorities regulate Afex EU, as it is advised on their website. However, after looking up AfexEU on Google, multiple warnings emerged from financial authorities. Keep reading to find out everything you need about AfexEU. 

Who Is Afex EU? All About afexeu com

When we first visit their website, we assume that the broker is secure because it is overseen by several financial regulatory bodies. However, when we examined the licenses, we only discovered warnings. The broker is unlicensed, and Afex EU in general seems unsettling. 

There isn’t even a phone number or email address listed; the sole method of contact is an online form. Additionally, there is little indication of social networks, and AfexEU’s entire profile appears unsettling. 

Regulation Info

Afex EU asserts that the Financial Conduct Authority (FCA) in the UK, the Commissione Nazionale per le Società e la Borsa (CONSOB) in Italy, and the Federal Financial Supervisory Authority (BaFin) in Germany are in charge of overseeing the company’s purported regulation. We couldn’t wait to examine all of these licenses and determine whether or not they were authentic. But none of these regulatory agencies have Afex EU registered as an approved firm, which completely let us down.

The FCA has warned about Afex EU’s claims that it complies with its rules and has admitted that they exist. Afex EU is an unlicensed company, according to the FCA, and it may be providing financial services or goods in the UK without their consent.

The German media also claimed that BaFin began looking into Afex EU after they issued a warning against the broker. 

The Central Bank of Ireland published a warning noting that a company going by the name AFEX EU – https://afexeu.com/ has been operating as an investment firm/investment business firm in the State without the necessary authorization. The broker claims that he is located in Dublin, Ireland.

Afex EU Broker Profile

You can trade forex, equities, cryptocurrencies, metals, indices, commodities, and energy on the Status web trader at AfexEU. Because platforms are so easily manipulated, there are questions about the web-trader platform’s dependability. Leverage is not mentioned, which leads to more unanswered issues. 

Afex EU Account Types

Entry Account:

Minimum Deposit: $250

Minimum Spread: From 2.5 pips

Commission: $1 per lot traded

Standard Account:

Minimum Deposit: $10,000

Minimum Spread: From 1.5 pips

Commission: $0.7 per lot traded

Premium Account:

Minimum Deposit: $25,000

Minimum Spread: From 1 pip

Commission: $0.3 per lot traded

Gold Account:

Minimum Deposit: $50,000

Minimum Spread: From 0.5 pips

Commission: No commissions per lot traded

VIP Account:

Minimum Deposit: +$100,000

Minimum Spread: From 0 pips

Commission: No commissions per lot traded

Is Afex EU Safe To Trade With?

Unfortunately, once we saw they were lying about being governed by the FCA and BaFin, the broker lost our trust and was declared unsafe. If only that were the only issue, but the broker’s dependability is further questioned by the lack of openness and information. Additionally, the absence of trader evaluations is concerning because there is no way to verify the broker, particularly given the fact that they don’t even offer a demo account.

In general, it is obvious that you should avoid AfexEU and spend your time looking for a trustworthy broker. Reach out to us immediately for more options or read our Oanda review. 

A Look at Afex EU’s Traders They Serve

Afex EU uses a range of techniques to lure traders, such as enticing bonuses, an easy-to-use platform, and alluring promos. Potential clients frequently notice these incentives and enter the trading market as a result. The traders who use Afex EU come from a variety of nations, including Germany, Austria, and Italy. 

Despite having a wide range of clients, it’s critical to understand that Afex EU’s lack of regulation casts doubt on their reliability. Explore regulated alternatives that fit your trading preferences and needs if you’re looking for a secure and dependable trading environment. Reach out today and we can find a reliable broker perfect for your needs. 

Deposits and Withdrawal Methods

Similar to TradeMarkets, the firm uses open funding channels, which is a plus. In this scenario, traders have the option of:

• Bank transfers
• Credit and Debit cards
• e-Wallets (Skrill, Neteller, etc)

Depending on the method, processing times may vary, however, most deposits are handled immediately. with the exception of wire transfers, which could take up to 8 business days. At least the broker is using transparent funding methods, however, there have been reports of anonymous payment methods as well. 

Afex EU Pros and Cons

Long Story Short – Afex EU

It became increasingly clear as we dug deeper into this Afex EU assessment that the broker is nothing more than a fraud. The broker is not safe to trade with, and neither are your money, when you take into consideration false regulation, a lack of transparency and information, the absence of a demo account, hidden fees and leverage, and many other factors. 

Finding a trustworthy option and conducting business easily is preferable to falling victim to scams like Afex EU. You never know who is on the other side, and because it has been noted that the broker keeps contacting even after you request a withdrawal to make additional deposits, this raises suspicions. Contact us right away, and we’ll locate a broker who meets your requirements. Contact us right now if you wish to have a successful trading experience. 

FAQ Section