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Score

7.10 /10
Good

Afterprime

United Kingdom

5-10 years

Regulated in Cyprus

Straight Through Processing(STP)

MT4 Full License

Regional Brokers

Medium potential risk

Offshore Regulated

https://www.afterprime.eu

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Score

Regulatory Index6.32

Business Index7.27

Risk Management Index8.22

Software Index9.20

License Index6.32

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Licenses

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

Single Core

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40G

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Broker Information

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Company Name

Afterprime Ltd

Company Abbreviation

Afterprime

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2024-12-23
  • The AustraliaASIC regulation (license number: 404300) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD057 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Afterprime · Company summary
Afterprime Review Summary
Founded2018
Registered Country/RegionUnited Kingdom
RegulationCySEC (License 368/18), Seychelles FSA (License SD057), Suspicious ASIC Clone (License 404300)
Market InstrumentsForex, Cryptocurrencies, Commodities, Indices, Stocks
Demo Account✅
LeverageUp to 30:1
SpreadEUR/USD: 0.7 pips
Trading PlatformTradingView, MetaTrader 4 (MT4), TraderEvolution, FIX API
Min DepositRecommended 200 EUR or equivalent
Customer Support24/5 Onlin chat

Afterprime Information

Globally known broker created in 2018, Afterprime provides a range of trading assets including commodities, currency, and cryptocurrencies. For its European operations, it follows CySEC rules; likewise, the Seychelles FSA licenses it. But traders should be wary of its ASIC suspicious clone license. Afterprime serves both retail and professional traders with low fees and strong trading tools.

Afterprime Information

Pros and Cons

ProsCons
Regulated by CySECSuspicious ASIC clone license
Low spreads and commission feesOffshore Seychelles license less stringent
Advanced trading platforms with multi-device supportNo Islamic account support
No deposit or withdrawal feesLimited leverage for certain instruments (1:2 for Crypto Assets)

Is Afterprime Legit?

Operations under several licenses define Afterprime. Under license 368/18, CySEC ( Cyprus) controls it and permits Afterprime Europe Limited to offer STP brokerage services since July 30, 2018, therefore guaranteeing compliance with EU criteria.

Is Afterprime Legit?

Though this rules is less strict, the Seychelles FSA also licenses it under license SD057 for retail currency services.

Is Afterprime Legit?

Nevertheless, a purported ASIC (Australia) license 404300 has been identified as a dubious clone that deceives traders. Investors should steer clear of companies associated with dubious licensing and give priority to CySEC services for dependability.

Is Afterprime Legit?
License AuthorityLicense TypeLicense Number
Cyprus Securities and Exchange Commission (CySEC)EU Financial Regulation368/18
Seychelles Financial Services Authority (FSA)Retail Currency ServicesSD057
Australian Securities and Investment Commission (ASIC)Financial Market Regulation (Clone Suspected)404300

What Can I Trade on Afterprime?

Afterprime provides a large selection of trading instruments, such as equities, indices, commodities, FX, and cryptocurrencies.

Tradable InstrumentsSupported
Forex✔
Cryptocurrencies✔
Commodities✔
Indices✔
Stocks✔
What Can I Trade on Afterprime?

Account Types

Afterprime features live trading accounts as well as demo ones. These kind of accounts satisfy traders with different degrees of tastes and experience. There is no particular reference to Islamic viewpoints.

Account Types

Leverage

Based on the asset type, Afterprime offers graded leverage; maximum leverage ranges from 30:1 for major currency pairs to 2:1 for cryptocurrencies.

Asset ClassMargin RequirementMaximum Leverage
Major Currency Pairs3.33%30:1
Non-Major Currencies, Gold, and Major Indices5%20:1
Commodities (excluding gold) and Non-Major Equity Indices10%10:1
Individual Equities and Other Reference Values20%5:1
Crypto Assets50%2:1
Leverage

Afterprime Fees

With spreads starting from 0.01 pips and costs from $7 per lot round trip for FX and metals, Afterprime's fees are affordable relative to industry norms. Swap rates apply for overnight positions.

InstrumentDescriptionSpread
EURUSDEuro / US Dollar0.7
GBPJPYBritish Pounds / Japanese Yen0.03
BTCUSDBitcoin0.1
ETHUSDEthereum0.01
XAUUSDGold vs United States Dollar0.32
XTIUSDWTI Crude Oil0.02
GER30DAX 30 Cash CFD8.16
NAS100Nasdaq 100 Cash CFD0.89
Asset ClassCommission
ForexNo Commission
MetalsNo Commission
IndicesNo Commission
CommoditiesNo Commission
Cryptocurrencies0.05% per notional USD traded per side
Stocks0.02 USD per share per side
BondsNo Commission
InstrumentSwap ShortSwap Long
AUD/USD0.79-2.562
EUR/USD2.48-6.24
GBP/USD-1.36-1.98
USD/CAD-5.351.91
USD/CHF-13.6838.75
USD/JPY-25.9114.25

Non-Trading Fees

Non-trading Fees
Deposit FeeFree (Bank fees may apply)
Withdrawal FeeFree (Bank fees or currency conversion charges may apply)
Inactivity FeeNone

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for what kind of traders
TradingView✔Web, iPhone, Android, Windows, MacTraders seeking advanced charting and community-driven analysis
MetaTrader 4 (MT4)✔Web, iPhone, Android, Windows, MacTraders requiring robust technical analysis and algorithmic trading tools
TraderEvolution✔Web, iPhone, Android, Windows, MacProfessional traders preferring an intuitive interface with deep insights
FIX API✔Web, iPhone, Android, Windows, MacInstitutional traders needing fast and direct market access
Trading Platform

Deposit and Withdrawal

Not charging any fees for withdrawals or deposits, Afterprime guarantees affordable transactions for its consumers. Though there is no set minimum beginning amount, advice is given for at least 200 EUR or the equivalent in other currencies.

Payment MethodMin. Deposit/WithdrawalFeesProcessing Time
VISA200 EUR (recommended)FreeInstant (Deposit)
Neteller200 EUR (recommended)FreeInstant (Deposit)
Skrill200 EUR (recommended)FreeInstant (Deposit)
Bank Transfer200 EUR (recommended)Free1-3 Business Days

News

NewsAfterprime Clients Can Now Trade Directly on TradingView

TradingView's integration with Afterprime, a Forex and CFDs brokerage, enhances user options, allowing seamless trading of over 300 instruments, marking a significant step towards broader options and innovative financial tools.

WikiFX
2024-01-31 14:37
Afterprime Clients Can Now Trade Directly on TradingView
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刘建39723
more than one year
Been on AfterPrime for a bit now. Smooth sailing with the trades and when I hit a snag, support was on it—quick and sharp. Withdrawals? No drama there, which honestly, is refreshing. Solid broker, hands down.
Been on AfterPrime for a bit now. Smooth sailing with the trades and when I hit a snag, support was on it—quick and sharp. Withdrawals? No drama there, which honestly, is refreshing. Solid broker, hands down.
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2024-06-17 16:14
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zhao juan
more than one year
It's User friendly, trade in vast number of currencies, 24/7 customers support, MT4/5 support. The Deposit and Withdrawal process needs to fast because withdrawal takes more than 3 days and it needs to better.
It's User friendly, trade in vast number of currencies, 24/7 customers support, MT4/5 support. The Deposit and Withdrawal process needs to fast because withdrawal takes more than 3 days and it needs to better.
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2024-04-30 14:05
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