AFFX-Overview of Minimum Deposit, Spreads & Leverage

AFFX | 2024-12-25 11:36

एब्स्ट्रैक्ट：An unregulated Thai broker, AFFX offers trading in forex, stocks, indexes, commodities, and cryptocurrencies. It provides MT5 platform and demo accounts to trade. AFFX's leverage is up to 1:400, the average EUR/USD spread is 0.2 pips. Demo accounts are available and the minimum deposit requirement to open a live account is 100 USD.

AFFX Review Summary
Founded	2021
Registered Country/Region	Thailand
Regulation	No regulation
Market Instruments	Forex, stocks, indexes, commodities, cryptocurrencies
Demo Account	✅
Leverage	Up to 1:400
EUR/USD Spread	Average 0.2 pips
Trading Platform	MT5
Social Trading	✅
Min Deposit	$100
Customer Support	Tel: +852 39570742
	Email: info@affxprime.com
	Line: @affxth
	Facebook, Twittter, Instagram, and Youtube
	Company address: A68,3F, Manning Industrial Building,116-118 How Ming St, KwunTong, Hong Kong SAR
Regional Restrictions	The United States of America, European Countries, the Islamic Republic of Iran and Israel

An unregulated Thai broker, AFFX offers trading in forex, stocks, indexes, commodities, and cryptocurrencies. It provides MT5 platform and demo accounts to trade. AFFX's leverage is up to 1:400, the average EUR/USD spread is 0.2 pips. Demo accounts are available and the minimum deposit requirement to open a live account is 100 USD.

Pros and Cons

Pros	Cons
Various trading products	Regional restrictions
Demo accounts	No regulation
Cent account offered	No popular payment options
Multiple account types
Commissio-free for most accounts
Tight EUR/USD spread
MT5 support
Social trading

Is AFFX Legit?

No, AFFX has no legal license. Regulated status means a safer investment; conversely, an unregulated trader must be aware of investment risks.

What Can I Trade on AFFX?

Tradable Instruments	Supported
Forex	✔
Stocks	✔
Indexes	✔
Commodities	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Standard	$15
Social	$100
Cent	$15
Social Cent	$1,000
ECN	$10,000
ZERO	$1,000

AFFX Fees

Account Type	Spread	Commission for FOREX, Metal, Oil, Indices	Commission for Crypto
Standard	From 2.0 pips	❌
Social
Cent		❌(FOREX and Metal only)	Not applicable
Social Cent
ECN	From 0.0 pips	$3 per lot per side	0.04% per side
ZERO		$3.5 per side

Leverage

AFFX offers leverage up to 1:400 for all account types. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.