Afterprime Forex Broker

Afterprime Review SummaryFounded2018Registered Country/RegionUnited KingdomRegulationCySEC (License 368/18), Seychelles FSA (License SD057), Suspicious ASIC Clone (License 404300)Market InstrumentsForex, Cryptocurrencies, Commodities, Indices, StocksDemo Account✅LeverageUp to 30:1SpreadEUR/USD: 0.7 pipsTrading PlatformTradingView, MetaTrader 4 (MT4), TraderEvolution, FIX APIMin DepositRecommended 200 EUR or equivalentCustomer Support24/5 Onlin chatAfterprime 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 ConsProsConsRegulated by CySECSuspicious ASIC clone licenseLow spreads and commission feesOffshore Seychelles license less stringentAdvanced trading platforms with multi-device supportNo Islamic account supportNo deposit or withdrawal feesLimited leverage for certain instruments (1:2 for Crypto Assets)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.License AuthorityLicense TypeLicense NumberCyprus Securities and Exchange Commission (CySEC)EU Financial Regulation368/18Seychelles Financial Services Authority (FSA)Retail Currency ServicesSD057Australian Securities and Investment Commission (ASIC)Financial Market Regulation (Clone Suspected)404300What Can I Trade on Afterprime? Afterprime provides a large selection of trading instruments, such as equities, indices, commodities, FX, and cryptocurrencies.Tradable InstrumentsSupportedForex✔Cryptocurrencies✔Commodities✔Indices✔Stocks✔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.Asset ClassMargin RequirementMaximum LeverageMajor Currency Pairs3.33%30:1Non-Major Currencies, Gold, and Major Indices5%20:1Commodities (excluding gold) and Non-Major Equity Indices10%10:1Individual Equities and Other Reference Values20%5:1Crypto Assets50%2:1Afterprime 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.InstrumentDescriptionSpreadEURUSDEuro / US Dollar0.7GBPJPYBritish Pounds / Japanese Yen0.03BTCUSDBitcoin0.1ETHUSDEthereum0.01XAUUSDGold vs United States Dollar0.32XTIUSDWTI Crude Oil0.02GER30DAX 30 Cash CFD8.16NAS100Nasdaq 100 Cash CFD0.89Asset ClassCommissionForexNo CommissionMetalsNo CommissionIndicesNo CommissionCommoditiesNo CommissionCryptocurrencies0.05% per notional USD traded per sideStocks0.02 USD per share per sideBondsNo CommissionInstrumentSwap ShortSwap LongAUD/USD0.79-2.562EUR/USD2.48-6.24GBP/USD-1.36-1.98USD/CAD-5.351.91USD/CHF-13.6838.75USD/JPY-25.9114.25Non-Trading FeesNon-trading FeesDeposit FeeFree (Bank fees may apply)Withdrawal FeeFree (Bank fees or currency conversion charges may apply)Inactivity FeeNoneTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable for what kind of tradersTradingView✔Web, iPhone, Android, Windows, MacTraders seeking advanced charting and community-driven analysisMetaTrader 4 (MT4)✔Web, iPhone, Android, Windows, MacTraders requiring robust technical analysis and algorithmic trading toolsTraderEvolution✔Web, iPhone, Android, Windows, MacProfessional traders preferring an intuitive interface with deep insightsFIX API✔Web, iPhone, Android, Windows, MacInstitutional traders needing fast and direct market accessDeposit 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.Payment MethodMin. Deposit/WithdrawalFeesProcessing TimeVISA200 EUR (recommended)FreeInstant (Deposit)Neteller200 EUR (recommended)FreeInstant (Deposit)Skrill200 EUR (recommended)FreeInstant (Deposit)Bank Transfer200 EUR (recommended)Free1-3 Business Days