Offers a range of financial instruments including forex, CFDs, commodities, and indices.

Utilizes the popular MetaTrader 4 (MT4) trading platform, which is well-regarded among traders.

High execution speed and customer support ratings, indicating efficient service.

Lacks proper regulation, raising concerns about the safety and security of client funds.

Relatively new in the market, established only in 2021, which may affect its reliability and trustworthiness.

No insurance for clients, increasing potential risk for traders.

AFG broker Accounts

AFG Account Type

AFG offers various account types tailored to meet the diverse needs of brokers. The primary account types include:

Residential Loan Broker Account: Designed for brokers focusing on residential mortgages. This account provides access to a wide range of lending products and tools to streamline the mortgage process.
Commercial Loan Broker Account: Suitable for brokers interested in diversifying into commercial lending. This account allows brokers to offer business finance solutions alongside residential loans.
Aggregator Account: A comprehensive account type that provides brokers with access to AFG's extensive lending panel, technology support, compliance assistance, and marketing resources.
Flex Account: This is a cloud-based platform that functions as a CRM and electronic lodgement system, enabling brokers to manage their client data and applications efficiently.

Opening a broker account with AFG involves several straightforward steps:

Initial Inquiry: Prospective brokers should submit an inquiry to AFG to express their interest in becoming a broker.
Documentation: Brokers are required to provide necessary documentation, including identification, credit checks, and professional qualifications (e.g., Certificate IV in Finance and Mortgage Broking).
Membership with Industry Bodies: Brokers must obtain membership with relevant industry bodies such as MFAA or FBAA, and also register with AFCA for consumer protection.
Choose Account Type: Brokers will select the type of account that best suits their business needs (Residential, Commercial, Aggregator, or Flex).
Compliance and Training: AFG provides ongoing training and compliance support to ensure brokers are equipped with the knowledge and tools necessary for success.
Launch: Once all documentation is submitted and approved, brokers can start operating under the AFG brand, gaining access to their resources and support systems.