AFFX-Overview of Minimum Deposit, Spreads & Leverage

General Information

Asia Future Trading Corporation (AFFX) is incorporated in Saint Vincent and the Grenadines under registered number 25606 BC 2019, authorised by the Financial Services Authority (FSA) and registered member with the National Futures Association (NFA ID:0546035).

AFFX is an established ECN forex broker serving both individual and corporate clients. It offers all of our customers a comprehensive range of trading options, AFFX technical support, and consulting services, with the goal of making the trading process efficient, hassle-free, and above all highly profitable for you.

Is AFFX Legit or a Scam？

AFFX, although registered in the United States, lacks regulation from reputable financial authorities. It's crucial to understand the risks associated with trading with an unregulated broker. Without oversight from regulatory bodies, there is a higher risk of unfair practices and inadequate protection of clients' funds. Traders must conduct thorough research and exercise due diligence before considering opening an account with an unregulated broker. It is important to prioritize the safety and security of funds by choosing a broker that is regulated by recognized financial authorities.

Pros and Cons

AFFX offers a diverse range of market instruments, multiple account types, a user-friendly MetaTrader 5 platform, convenient deposit and withdrawal options. However, it lacks regulation, provides limited educational resources, charges commission fees for certain account types, requires a higher minimum deposit for the ECN Account, and has limited availability of social account features.

Investment products

AFFX offers a diverse range of market instruments including Forex, Metals, Oil, Indices, and Cryptocurrencies. Each instrument provides traders with unique opportunities to engage in various markets, allowing them to diversify their investments and potentially profit from price fluctuations in these different asset classes.

1. Forex (Foreign Exchange):

   Forex, also known as the foreign exchange market, is the largest and most liquid financial market in the world. It involves the trading of currencies, where participants can buy one currency while selling another simultaneously. AFFX provides a range of currency pairs for trading, allowing investors to speculate on the exchange rate fluctuations between different currencies.

2. Metals:

   AFFX offers trading instruments related to precious metals such as gold, silver, platinum, and palladium. These metals are highly valued for their scarcity, industrial applications, and historical role as stores of value. Trading in metals provides investors with an opportunity to hedge against inflation, diversify their portfolios, or take advantage of price movements in these commodities.

3. Oil:

   Oil trading involves the buying and selling of crude oil or refined petroleum products. As one of the most actively traded commodities, oil prices can be influenced by various factors such as supply and demand dynamics, geopolitical events, and economic indicators. AFFX allows traders to participate in the oil market, potentially benefiting from price fluctuations and global energy trends.

4. Indices:

   Indices represent a basket of stocks or securities that are used to track and measure the performance of a specific market or sector. Examples of popular indices include the S&P 500, Dow Jones Industrial Average, and FTSE 100. AFFX offers trading opportunities on a variety of global indices, enabling investors to speculate on the overall direction of major markets and sectors.

5. Crypto:

   Cryptocurrencies have gained significant popularity in recent years. AFFX provides access to a range of digital currencies like Bitcoin, Ethereum, Ripple, and others. Crypto trading involves speculating on the price movements of these digital assets, which can be highly volatile. Traders can take advantage of both rising and falling prices in the cryptocurrency market.

Account Type

These account types offered by AFFX cater to a wide range of traders with different preferences and trading styles, providing flexibility in terms of trading costs, minimum deposits, leverage, and features such as social trading and tight spreads.

1. Standard Account:

   The Standard Account offered by AFFX features a minimum spread of 2.0 pips, zero commissions, a minimum deposit requirement of $15, and a maximum leverage of 400:1. This account is suitable for traders who prefer a standard trading environment with no additional commissions.

2. Social Account:

   The Social Account on AFFX also provides a minimum spread of 2.0 pips, zero commissions, a slightly higher minimum deposit requirement of $100, and a maximum leverage of 400:1. This account type is specifically designed for social trading, allowing users to connect with other traders, share strategies, and copy trades.

3. Cent Account:

   AFFX's Cent Account offers a minimum spread of 2.0 pips, zero commissions, a minimum deposit requirement of $15, and a maximum leverage of 400:1. This account is denominated in cents, allowing traders to execute smaller volume trades and manage risks more flexibly.

4. Social Cent Account:

   Similar to the Social Account, the Social Cent Account features a minimum spread of 2.0 pips, zero commissions, a minimum deposit requirement of $15, and a maximum leverage of 400:1. However, this account type is denominated in cents, combining the benefits of social trading and lower trade sizes.

5. ECN Account:

   The ECN Account provided by AFFX offers a minimum spread starting from 0.0 pips, with a commission of $3 per lot traded. It requires a higher minimum deposit of $10,000 and provides a maximum leverage of 400:1. This account type is suitable for experienced traders who require direct market access and tighter spreads.

6. ZERO Account:

   AFFX's ZERO Account offers a minimum spread starting from 0.0 pips and a commission of $3.5 per lot traded. It features a lower minimum deposit requirement of $1000 and a maximum leverage of 400:1. This account type is designed for traders seeking extremely low spreads and fast execution without compromising on trading conditions.

How to Open an Account？

Here's a general outline of the account opening process for AFFX, including 3-5 steps:

1. Online Registration:

   The first step is to visit the AFFX website and navigate to the account opening or registration page. You will typically find a “Sign Up” or “Open an Account” button. Click on it to start the registration process.

2. Account Information:

You will be asked to provide necessary information to create your account. This typically includes personal details such as your full name, email address, contact number, and country of residence. You may also need to choose the type of account you wish to open, such as a Standard, Social, Cent, ECN, or ZERO account.

3. Identity Verification:

To comply with regulatory requirements and ensure the security of the platform, AFFX may require you to verify your identity. You will need to provide scanned copies or photos of identification documents such as your passport or driver's license. Some additional documents, like proof of address (utility bill or bank statement), may also be required.

4. Fund Your Account:

After completing the registration and verification process, you will need to fund your trading account. AFFX will provide you with various deposit options such as bank wire transfers, credit/debit cards, or electronic payment methods. Choose the preferred method and follow the instructions to transfer funds into your account. Minimum deposit requirements may vary depending on the chosen account type.

5. Account Activation:

Once your account is funded, AFFX will process your deposit and activate your trading account. You will receive confirmation of your account activation, along with login credentials to access the trading platform. At this stage, you may need to install any necessary trading software or use the web-based platform provided by AFFX.

Leverage

All account types offered by AFFX provide a maximum leverage of 400:1. This means that traders can control positions that are up to 400 times larger than their invested capital. The high leverage allows traders to amplify potential profits from successful trades. However, it's important to note that leverage also magnifies the risk, as losses can also be multiplied. AFFX offers this consistent maximum leverage across all account types to provide traders with flexibility and the potential for increased trading opportunities.

Spreads & Commissions (Trading Fees)

Standard and Social accounts feature a starting spread of 2.0 pips with no commission charges across all trading instruments including FOREX, Metal, Oil, Indices, and Crypto. Cent and Social Cent accounts also start with a 2.0 pip spread but waive commissions only on FOREX and Metal trades. The ECN account offers the lowest spreads starting from 0.0 pips and charges a commission of $3 per side for most instruments, except for Crypto trades which incur a 0.04% commission per side. The ZERO account, similar to ECN in terms of spreads, charges a slightly higher commission of $3.5 per side for the same instruments except for Crypto, which also has a 0.04% commission rate per side.

Trading Platform

AFFX's trading platform is powered by MetaTrader 5 (MT5), a renowned and widely used trading platform in the industry. MT5 offers a user-friendly interface, advanced charting tools, and a wide range of technical indicators for in-depth market analysis. Traders can execute trades seamlessly, access real-time market data, and implement automated trading strategies using Expert Advisors. With MT5, AFFX provides a robust and reliable platform that caters to the needs of both beginner and experienced traders, enabling them to trade various financial instruments efficiently and effectively.

Deposit & Withdrawal

AFFX offers three deposit and withdrawal options for its clients. Deposits and withdrawals are facilitated through payment solutions such as Pay Solutions and Wintech. The minimum deposit requirement is $15, allowing traders to start with a small initial investment.

Bonus Promotion

AFFX offers two bonus promotions for both new and existing customers:

1. 100% Bonus Promotion:

1. This promotion supports trading margin and starts with a minimum deposit of $100. It offers a 100% deposit bonus up to $200. Conditions include required collateral for hedging positions, proportional deduction of the bonus upon withdrawals, and strict prohibitions against misuse such as speculation, abuse, or fraud. The broker may reject orders or revoke accounts if violations occur.

1. Cent Account 20% Bonus:

1. Available to all customer types, this bonus provides a 20% deposit bonus up to $60 (or 6,000 cents). Similar conditions apply as with the 100% bonus, including collateral requirements for hedging, proportional deductions on withdrawals, and prohibitions on misuse. Violations will lead to potential order rejection or account revocation.

Customer Support

AFFX provides excellent customer support to assist traders throughout their trading journey. Clients can reach out to the support team through multiple channels. They can contact customer support via phone, email, or live chat on social media platforms like Facebook. The dedicated support team is readily available to address inquiries, provide guidance, and offer technical assistance. Whether traders have questions about account setup, trading features, or need help with technical issues, AFFX's customer support ensures timely and helpful responses, fostering

Email: info@affxprime.com

Line:@affxth

Besides, you can also keep up with this broker on some popular trading platforms like Facebook, Twittter, Instagram, and Youtube.

Conclusion

AFFX is an online brokerage firm based in the United States, providing a diverse range of financial services to traders. While it lacks regulation, AFFX offers access to various market instruments, including Forex, Metals, Oil, Indices, and Cryptocurrencies. Traders can choose from multiple account types with leverage of up to 1:400. The trading platform is powered by MetaTrader 5 (MT5), known for its user-friendly interface and advanced charting tools. However, traders should carefully consider the risks associated with an unregulated broker before deciding to trade with AFFX.

FAQs

What trading instruments are available at AFFX？

AFFX offers a wide range of trading instruments, including Forex, Metals, Oil, Indices, and Cryptocurrencies

Does AFFX offer a demo account？

Yes, AFFX offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

What is the minimum deposit required to open an account with AFFX？

The minimum deposit required to open an account with AFFX is $15.

What is the maximum leverage offered by AFFX？

The maximum leverage offered by AFFX is 1:400.