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
• Go to the official AFEX website at www.afex.com.
• 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.