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AFEX broker Accounts

  

AFEX Account Types

  AFEX offers a variety of account types to cater to different trading needs and preferences. Here are the main account types available:

  • Personal Accounts
    • Designed for individual traders.
    • Minimum deposit: Varies by account type.
    • Allows access to international payments and foreign exchange services.
    • Business Accounts
      • Tailored for businesses engaging in foreign exchange transactions.
      • Requires company registration details and proof of business address.
      • Corporate Accounts
        • For larger corporate entities requiring advanced trading solutions.
        • Specific requirements based on corporate structure.
        • Other Account Types (Specific to AFEX EU)
          • 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
          • No commissions per lot traded.
          • VIP Account:
          • Minimum deposit: over $100,000
          • Minimum spread: from 0 pips
          • No commissions per lot traded.

            

          AFEX Broker Account Opening Process

            Opening an account with AFEX involves several straightforward steps:

          • Visit the AFEX Website
            • Navigate to the Account Creation Page
              • Look for options like "Open an Account," "Sign Up," or "Get Started."
              • Choose the Right Account Type
                • Select the account type that suits your trading needs (personal, business, or corporate).
                • Fill in Your Details
                  • Complete the registration form with required information:
                  • For individual accounts: Full name, date of birth, contact information, and residential address.
                  • For business accounts: Company name, type of business, registration number, and business contact information.
                  • Complete the Compliance Checks
                    • Upload identification documents such as a photo ID (passport) and proof of address (utility bill or bank statement).
                    • Review and Agree to Terms and Conditions
                      • Read through the terms and conditions, then confirm your acceptance.
                      • Submit Your Application
                        • Click the button labeled "Submit" or "Complete Registration" to send your information to AFEX.
                        • Await Account Verification
                          • AFEX will review your application, which may take some time. You will receive a notification via email or phone once verified.
                          • Begin Using Your AFEX Account
                            • After verification, log in with your credentials to start managing your foreign exchange transactions and payments.

AFEX accounts can be viewed for products that can be traded Precious Metals, Indices, Currency Pairs, Commodities, Cryptocurrencies, Premium Neex accounts with a minimum deposit of by (2+) bank transfer.