Score

1.52 /10
Danger

AF index

Pakistan

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 19

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.06

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

More

Company Name

AF index limited

Company Abbreviation

AF index

Platform registered country and region

Pakistan

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 19 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to Withdraw

I have to pay tax before withdraw funds which never happened with other platforms!! Scam

Induce em to deposit funds with various reasons. There is $480,000 in total, including the profit. I wanna withdraw funds during the investment. But the platform prevented me from withdrawing funds on grounds that I didn’t finish the current phase. Now I’ve made it but I have to pay tax?? I don’t know this platform is actually from Hong Kong cuz it’s said that it is being regulated by American regulator. I opened an account via my friend from New Zealand. This is a bottomless hole.

2021-01-07 13:55
Unable to Withdraw

Scam 4 million RMB, and unable to withdraw money!

I am an overseas Chinese who has lived in Germany for 30 years. On October 27th last year, I met a Chinese named Li Kaiwen on Instagram. He likes to do charity just like me, so we had good conversations. He once told me that his uncle was a senior financial analyst and asked me if I wanted to invest in gold. He asked me to download MT4 first and do gold trading on the platform AF index. The customer service of AF index used what’s App to contact me. Li taught me the operation on the spot. As a result, I made more than 10,000 US dollars in my first transaction. He said that when the two of us make money, we will do charity together to help those in need. So I remitted a total of 300,000 Euros from Germany to an account in Lithuania, and later another RMB 1.8 million from ICBC to different banks in China. A total of RMB 4 million. In mid-December, I wanted to withdraw money, but I couldn't. AF index said that I made a total of more than USD 1 million. According to Hong Kong law, I must pay a profit tax of 18% before I can withdraw the money. I feel I have been deceived. I hope that the relevant departments will strictly investigate this. I want to expose AF index’s online fraud on your platform, and hope that more innocent people will be careful not to fall for them.

2021-02-09 23:02
    AF index · Company summary

    Note: Regrettably, the official website of AF index, namely https://www.af-index.com/, is currently experiencing functionality issues.

    AF index Review Summary
    Registered Country/Region Pakistan
    Regulation NFA (Unauthorized)
    Market Instruments Crypto, Forex, Indices
    Leverage 1:400
    EUR/ USD Spread N/A
    Trading Platforms MT4
    Minimum Deposit $100
    Customer Support Email: support@afindex.net

    What is AF index?

    AF index, a trading platform offering services to traders in Pakistan, specializing in crypto, forex, and indices trading with a leverage of up to 1:400. It provides MT4 for trading with the minimum deposit of $100. However, NFA lists AF index as unauthorized, raising concerns about the platform's compliance and legitimacy.

    AF index

    If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

    Pros & Cons

    Pros Cons
    N/A
    • Regulatory Concerns
    • Withdrawal Difficulties
    • Inaccessible Official Website

    Cons:

    - Regulatory Concerns: AF index's regulatory status is marked as unauthorized by the National Futures Association (NFA) and is categorized as abnormal, raising significant regulatory red flags. This lack of proper regulation can potentially pose risks to traders' funds and overall trading experience.

    - Withdrawal Difficulties: Reports of withdrawal difficulties associated with AF index have been highlighted, indicating potential challenges in accessing funds. This factor can greatly impact traders' confidence and overall experience with the platform.

    - Inaccessible Official Website: The unavailability of the official AF index website adds to the apprehension surrounding the platform's dependability, raising questions about transparency and the ability to access essential information and support resources.

    Is AF index Safe or Scam?

    AF index claims it is regulated by NFA. However, the National Futures Association (NFA) with license number 0535166 holds a Common Financial Service License, but its regulatory status is currently categorized as abnormal, specifically marked as unauthorized. This signifies a serious warning regarding the legitimacy and compliance of the organization.

    unauthorized NFA license

    Furthermore, the inaccessibility of their official website adds to the apprehension surrounding the dependability of their trading platform. These compounding issues significantly elevate the level of risk involved in any investments related to the AF index.

    Market Instruments

    The trading instruments offered by AF index comprise a diverse range of financial products, including cryptocurrencies, forex (foreign exchange), and indices.

    - Cryptocurrencies: AF index provides the opportunity to trade a variety of cryptocurrencies, allowing investors to participate in the dynamic and rapidly evolving digital asset market. The availability of cryptocurrencies such as Bitcoin, Ethereum, Ripple, and others offers traders the potential for diversification and exposure to the burgeoning cryptocurrency sector.

    - Forex (Foreign Exchange): The forex market is a cornerstone of global trading, involving the exchange of different currencies. AF index's inclusion of forex trading enables participants to engage in the buying and selling of currency pairs, taking advantage of fluctuations in exchange rates to potentially generate profits. This market offers extensive liquidity, diverse trading opportunities, and operates around the clock, allowing for flexibility in trading activities across different time zones.

    - Indices: AF index also provides access to trading indices, which represent a basket of stocks or other assets and are used as a benchmark to measure the performance of a specific sector or market. By offering trading opportunities in indices, AF index allows investors to gain exposure to a broad array of assets within a particular market segment, such as technology, healthcare, or energy.

    Leverage

    AF index offers a maximum leverage of 1:400, allowing traders to control a larger position with a smaller amount of capital. Leverage enables investors to magnify their potential returns on an investment, as a comparatively small price movement can lead to a proportionally larger gain or loss, depending on the direction of the trade. While high leverage can indeed result in significant profits, it also introduces elevated levels of risk.

    Trading Platforms

    AF index provides the popular MetaTrader 4 (MT4) trading platform to its clients, offering a comprehensive and user-friendly interface for executing trades in the cryptocurrency, forex, and indices markets. MT4 is renowned for its robust features, advanced charting tools, customizable indicators, and automated trading capabilities, making it a preferred choice among traders of all experience levels.

    The AF index trading platform on MT4 enables users to access real-time market data, analyze price movements, and place trades efficiently. Traders can monitor multiple assets simultaneously, execute diverse order types, and implement various trading strategies through the platform's intuitive interface. Additionally, MT4 supports algorithmic trading through Expert Advisors (EAs), allowing traders to automate their trading decisions based on predefined parameters.

    MT4

    Deposits & Withdrawals

    AF index facilitates the seamless deposit and withdrawal of funds through credit card transactions, providing clients with a convenient and widely used method for managing their trading accounts. Upon registration with AF index, clients can securely and efficiently fund their accounts by using major credit cards, such as Visa, Mastercard, or other supported card networks.

    User Exposure on WikiFX

    Please ensure that you carefully examine the reports on our website regarding instances of withdrawal difficulties. We encourage you to visit our platform to access the necessary information. In the event that you encounter fraudulent brokers or have fallen victim to their practices, we kindly request that you inform us through the Exposure section. Your cooperation is greatly appreciated, and our team of experts will make every effort to assist you in resolving the issue.

    User Exposure on WikiFX

    Customer Service

    Customers canmget in touch with customer service line using the information provided below:

    Email: support@afindex.net

    Conclusion

    In conclusion, AF index presents a combination of potential market access and leverage opportunities for traders in Pakistan. However, the platform's unauthorized regulatory status, reported withdrawal difficulties, and the inaccessibility of its official website raise significant concerns regarding its trustworthiness and reliability. Traders are advised to approach AF index with caution.

    Frequently Asked Questions (FAQs)

    Q 1: Is AF index regulated by any financial authority?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: How can I contact the customer support team at AF index?
    A 2: You can contact via email: support@afindex.net.
    Q 3: What platform does AF index offer?
    A 3: It offers MT4.
    Q 4: What is the minimum deposit for AF index?
    A 4: The minimum initial deposit to open an account is $100.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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