ARFX Forex Broker

ARFX Review SummaryFounded2023Registered Country/RegionAnjouan, ComorosRegulationASIC, FSCA，SCAMarket InstrumentsForex, Metals, Cryptocurrencies, Energies, IndicesDemo Account✅LeverageUp to 1:1000SpreadFrom 1.5 pips (Standard account)Trading PlatformMT4Minimum Deposit$50Customer SupportLive chat, Contact FormRegional RestrictionsThe United States of America (USA), the Democratic Peoples Republic of Korea (DPRK)ARFX Information Registered in Anjouan, Comoros, ARFX operates as an International Brokerage and Clearing House License. The initial deposit on this platform is $50. Traders on this platform get access to three types of trading accounts and a demo account. Its market instruments cover Forex, Metals, Cryptocurrencies, Energies, and Indices. Unfortunately, ARFX doesn't provide its services to a number of regions.Pros & ConsProsConsRegulated by FSCA, ASIC, SCARegional restrictionsDemo accounts availableLimited contact channelsThree types of live accountsNo MT5MT4 supportedLong operation timeVarious tradable assetsNo commission feesIs ARFX Legit? ARFX operates under the regulatory oversight of multiple jurisdictions, primarily through its affiliated entities holding specialized licenses for different services. The key regulatory details are summarized below:Regulatory BodyJurisdictionLicense TypeLicensed EntityStatusFSCASouth AfricaDerivatives Trading License (EP)AR GLOBAL (PTY) LTDRegulatedSCAUnited Arab EmiratesInvestment Advisory License (IA)ARFX MENA FINANCIAL SERVICES L.L.CActiveASICAustraliaAppointed Representative (AR)ARENA TRADING TECHNOLOGY PTY LTDActive What Can I Trade on ARFX? ARFX's market instruments cover forex, metals, cryptocurrencies, energies, stocks, and indices.Tradable InstrumentsAvailableforex✔metals✔energies✔indices✔stocks❌cryptocurrencies✔bonds❌options❌ETFs❌Account Type ARFX exclusively provides three types of live accounts on its platform, each of which comes with unique trading conditions.Account TypeStandard AccountPro AccountECN AccountMinimum Deposit$50$50$1000Maximum Leverage1:10001:10001:1000SpreadFrom 1.8 pipsFrom 1.5 pipsFrom 0.0 pipsMargin Call100%100%100%Dedicated Account Manager❌✔✔Stop Out50%50%50%Commission❌❌✔ On top of the live accounts, ARFX also offers a demo account for traders to test the platform without risking actual money.Leverage ARFX offers a leverage ratio of up to 1:1000 for all its account types, which indicates that traders can open positions up to 1000 times the value of their account balance.Fees Cent Account and Standard Account are free of commission; ECN accounts have a $7 per lot commission, with lower rates available for high-net-worth clients. ARFX provides Swap-Free Accounts for Muslim clients for most of its instruments, including majors, cryptos, and gold. Meanwhile, ARFX claims to cover traders' third-party transaction fees.Trading Platform On ARFX, traders get access to MetaTrader 4 (MT4), which is a multi-asset platform for trading forex, stocks, futures, and CFDs. Furthermore, it features advanced charts, technical indicators, and flexible order types (market, pending, stop, trailing stops).Trading PlatformSupported Available Devices Suitable for MT4✔Desktop, Mobile, WebBeginnersMT5❌/Experienced traders Deposit & Withdrawal ARFX provides 3D Secure payments for all major credit cards, such as Visa and Mastercard. Note: Traders must use their own personal payment accounts for deposits and withdrawals. ARFX will not accept direct payments or payments to or from third parties.