AFFX Forex Broker

AFFX Forex Broker - Complete Information Guide

1. Broker Overview

　　Company Name: Asia Future Trading Corporation Ltd.

　　Founded: 2021

　　Headquarters: 6148 Klong Toey Nua, Wattana, Bangkok 10110, Thailand

　　Nature of Company: Private ownership

　　Target Markets and Clientele: AFFX primarily serves retail and institutional clients, offering a diverse range of financial instruments.

　　Company Development and Milestones: Since its establishment in 2021, AFFX has positioned itself as an ECN forex broker, catering to a growing clientele in the Asian market.

　　Parent Company or Group Relations: There is no publicly available information indicating a parent company or group affiliation.

　　Business Model Overview: AFFX operates as an ECN forex broker, providing both retail and institutional clients with access to various trading instruments, including foreign exchange, commodities, global stocks, and indices.

　　The affx broker offers a sophisticated trading environment with generous leverage options and a variety of account types tailored to meet different trading needs.

2. Regulation and Compliance Information

　　Main Regulatory Authorities:

• No valid regulatory information is available for AFFX, indicating a lack of oversight from recognized financial authorities.

　　Regulatory License Numbers:

• Not applicable, as AFFX operates without regulation.

　　Validity and Scope of Regulatory Licenses:

• The absence of regulatory licenses raises significant concerns regarding the safety and security of client funds.

　　Legal Entities in Different Regions:

• AFFX is registered in Saint Vincent and the Grenadines, which is often viewed as a less regulated jurisdiction.

　　Client Fund Segregation Policy:

• There is no information available regarding the segregation of client funds, which is a critical aspect of client protection.

　　Investor Compensation Fund Participation:

• AFFX does not participate in any investor compensation schemes, which further increases the risk for clients.

　　KYC and AML Compliance Measures:

• Specific details on Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures were not provided in the available resources.

　　The lack of regulation and oversight makes trading with the affx broker a high-risk endeavor, and potential clients are strongly advised to consider these factors before engaging with the platform.

3. Trading Products and Services

　　Number of Forex Currency Pairs and Major Varieties:

• AFFX offers a wide range of forex trading options, including major currency pairs, although the specific number of available pairs was not disclosed.

　　CFD Product Categories:

• The broker provides access to various CFDs, including commodities, global stocks, indices, and cryptocurrencies, allowing traders to diversify their portfolios.

　　Special Products or Unique Trading Varieties:

• There is no specific mention of unique trading products; however, the inclusion of cryptocurrencies indicates an effort to cater to modern trading preferences.

　　Product Update Frequency and New Additions:

• Information regarding the frequency of product updates or the addition of new instruments is not available.

　　Retail Trading Services:

• AFFX facilitates retail trading through multiple account types, including standard, social trading, ECN, and zero accounts.

　　Institutional Client Services:

• Specific services for institutional clients were not detailed in the available resources.

　　White Label Solutions:

• There is no information provided about white label solutions offered by the broker.

　　Asset Management Services:

• No asset management services were mentioned in the available data.

　　The variety of instruments available through the affx broker allows traders to explore different markets, but the lack of specifics in certain areas may leave potential clients wanting more detailed information.

4. Trading Platforms and Technology

　　MetaTrader 4/5 Support Status:

• AFFX supports the MetaTrader 5 (MT5) platform, which is known for its user-friendly interface and advanced trading features.

　　Details on Proprietary Platforms:

• No proprietary trading platforms were mentioned; the focus appears to be on MT5.

　　Web-Based Trading Platform:

• The broker offers a web-based trading platform, allowing access without the need for software installation.

　　Mobile Application Support:

• There is no specific mention of mobile applications for iOS or Android, indicating that traders may primarily rely on the web platform and MT5 for mobile access.

　　Execution Models (ECN, STP, Market Making):

• AFFX operates as an ECN broker, providing direct access to interbank liquidity.

　　Server Locations and Technical Infrastructure:

• The server locations are not explicitly mentioned, which could impact trading speed and reliability.

　　API Access and Automated Trading Support:

• Information regarding API access or support for automated trading strategies was not provided in the available resources.

　　The affx broker utilizes the widely respected MT5 platform, which offers a robust trading experience, although the absence of details on certain technological aspects may be a consideration for tech-savvy traders.

5. Account Types and Trading Conditions

　　Standard Account Conditions:

• Minimum Deposit: $15
• Spreads: From 2.0 pips
• Commission: Zero
• Leverage: Up to 1:400

　　Advanced Account Types:

• Social Account: Minimum deposit of $100, spreads from 2.0 pips, zero commissions.
• ECN Account: Minimum deposit of $10,000, spreads from 0.0 pips, commission of $3 per lot.
• Zero Account: Minimum deposit of $1,000, spreads starting from 0.0 pips, commission of $3.5 per lot.

　　Special Accounts:

• Cent Account: Minimum deposit of $15, designed for small volume trades.

　　Demo Account Policy:

• AFFX offers demo accounts, allowing traders to practice without risking real funds.

　　Leverage Ratios:

• The broker provides leverage of up to 1:400 across all account types, which can amplify both potential profits and risks.

　　Minimum Trade Sizes:

• The minimum trade size for all accounts is 0.01 lots.

　　Overnight Fee Policies:

• Specific information regarding overnight fees was not provided in the available resources.

　　The affx broker offers diverse account options catering to various trading styles, from beginners to experienced traders, although the commission structure varies significantly across account types.

6. Fund Management

　　Supported Deposit Methods:

• AFFX accepts deposits via local banks, credit/debit cards, and tether, although specific options were not detailed.

　　Minimum Deposit Requirements:

• The minimum deposit requirement varies by account type, starting as low as $15 for standard accounts.

　　Deposit Processing Times:

• Information regarding the processing time for deposits was not disclosed.

　　Deposit Fees:

• There is no mention of deposit fees, suggesting that deposits may be free of charge.

　　Withdrawal Methods and Restrictions:

• Withdrawal methods were not specified, which is a critical aspect for potential clients to consider.

　　Withdrawal Processing Times:

• Specific withdrawal processing times were not provided.

　　Withdrawal Fee Structure:

• The fee structure for withdrawals remains undisclosed in the available information.

　　The affx broker provides a range of deposit options, but the lack of detailed information on withdrawal methods and fees could be a concern for potential clients.

7. Customer Support and Educational Resources

　　Support Channels:

• Clients can reach customer support via email (info@affxprime.com), Line (@affxth), and social media platforms like Facebook, Twitter, Instagram, and YouTube.

　　Service Hours and Time Zone Coverage:

• Specific service hours were not mentioned, but support is generally available during business hours.

　　Multilingual Support:

• There is no information on the availability of multilingual support, which could limit accessibility for non-English speakers.

　　Types of Educational Resources:

• The broker does not provide educational resources directly on its platform, which may disadvantage novice traders.

　　Market Analysis Services:

• Information regarding daily analysis, news, or research reports was not available.

　　Trading Tools:

• Specific trading tools, such as calculators and economic calendars, were not mentioned.

　　The affx broker offers basic customer support but lacks comprehensive educational resources, which may be a drawback for traders looking for guidance and market insights.

8. Regional Coverage and Restrictions

　　Main Service Markets:

• AFFX primarily targets the Asian market, with a focus on Thailand.

　　Regional Office Distribution:

• The broker has a main office in Thailand, with no specific mention of additional regional offices.

　　Countries/Regions Not Accepted:

• AFFX does not accept clients from the United States, European countries, Iran, and Israel.

　　Special Restrictions:

• The absence of regulatory oversight may impose additional risks for clients in restricted regions.

　　In summary, the affx broker has established itself as a significant player in the forex market, offering a variety of trading products and services. However, potential clients should carefully consider the regulatory landscape and the associated risks before engaging with this broker.