Afterprime Forex Broker

Afterprime Information

　　Globally known broker created in 2018, Afterprime provides a range of trading assets including commodities, currency, and cryptocurrencies. For its European operations, it follows CySEC rules; likewise, the Seychelles FSA licenses it. But traders should be wary of its ASIC suspicious clone license. Afterprime serves both retail and professional traders with low fees and strong trading tools.

Pros and Cons

Is Afterprime Legit?

　　Operations under several licenses define Afterprime. Under license 368/18, CySEC ( Cyprus) controls it and permits Afterprime Europe Limited to offer STP brokerage services since July 30, 2018, therefore guaranteeing compliance with EU criteria.

　　Though this rules is less strict, the Seychelles FSA also licenses it under license SD057 for retail currency services.

　　Nevertheless, a purported ASIC (Australia) license 404300 has been identified as a dubious clone that deceives traders. Investors should steer clear of companies associated with dubious licensing and give priority to CySEC services for dependability.

What Can I Trade on Afterprime?

　　Afterprime provides a large selection of trading instruments, such as equities, indices, commodities, FX, and cryptocurrencies.

Account Types

　　Afterprime features live trading accounts as well as demo ones. These kind of accounts satisfy traders with different degrees of tastes and experience. There is no particular reference to Islamic viewpoints.

Leverage

　　Based on the asset type, Afterprime offers graded leverage; maximum leverage ranges from 30:1 for major currency pairs to 2:1 for cryptocurrencies.

Afterprime Fees

　　With spreads starting from 0.01 pips and costs from $7 per lot round trip for FX and metals, Afterprime's fees are affordable relative to industry norms. Swap rates apply for overnight positions.

Non-Trading Fees

Trading Platform

Deposit and Withdrawal

　　Not charging any fees for withdrawals or deposits, Afterprime guarantees affordable transactions for its consumers. Though there is no set minimum beginning amount, advice is given for at least 200 EUR or the equivalent in other currencies.