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AF MarketsSuspected of fraud

AF Markets

1.63
Suspected of fraudCanada
Time

5-10Year

Contact Information
Website
Industry Echelon

Basic Information

Company
Regulatory
Risk Monitor
Download
Documents
Country
Canada
Market Type
foreign exchange
Enterprise Type
Brokerage
Service
Provide trading services for foreign exchange, stocks, indices, precious metals, commodities, and cryptocurrencies.
Support Languages
English, Chinese
Domain Registration Date
2019-05-19
Business Status
Suspected of fraud

Company IntroductionWeb Analytics

Company Introduction

AF Markets (full name: AF Markets Ltd) is a broker that claims to provide global financial trading services. According to public information, the company is registered in the Marshall Islands and operated by AF Markets International Ltd.

However,AF Markets is not effectively regulated by any mainstream financial regulatory agencies, such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), etc.The offshore regulatory information it claims lacks third-party verification basis and carries high risks.


AF Markets · Company Profile

🛡️ Regulation and Safety

          AF Markets (full name: AF Markets Ltd) is a broker that claims to provide global financial trading services. According to public information, the company is registered in the Marshall Islands and operated by AF Markets International Ltd.

          However, AF Markets has not been effectively regulated by any mainstream financial regulatory agencies such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), etc. The offshore regulatory information it claims lacks third-party verification basis and carries high risks.

In addition, negative news about AF Markets is gradually increasing:

Doubts about regulatory complianceMultiple foreign exchange review websites (such as WikiFX and Forex Peace Army) have shown that AF Markets has not obtained any trusted regulatory licenses and is suspected of using regulatory information fraudulently.

          Customer fund security issuesSome users have reported on social media and complaint platforms that their accounts have been frozen, withdrawal delays are severe, or they are unable to withdraw at all. Customer service has responded slowly.

          Clear signs of tradingSome clients have reported unauthorized forced liquidation or bizarre losses in their accounts, questioning the platform's manipulation of transactions.

          Blacklist warningMultiple independent forex evaluation communities have listed AF Markets as high-risk or blacklisted brokers, reminding users to operate with caution.

It is recommended that investors fully evaluate the transparency and financial security measures of the platform before choosing it, and make prudent decisions.


💼Trading products and platforms

AF Markets offers a range of financial derivatives trading, including:

          Foreign exchange currency pairs: covering mainstream, crossover, and some emerging market currencies

          Commodities: such as gold, crude oil, silver, etc

          Index: covering major markets in the United States, Europe, and Asia

          Cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc

In terms of trading platforms:

          MetaTrader 5(MT5)The official claims to support the MT5 platform, but users have reported poor version stability and bugs in some features such as chart loading and indicator calling.

          Web trading terminalThe self-developed platform has a simple user interface and lacks complete chart tools and risk management modules.

          mobile terminalWe provide Android and iOS applications, but the app market has received low reviews, often with feedback of crashes or lagging.


⚙️Account type and trading conditions

AF Markets offers multiple account types designed to meet the needs of different traders:

          standard accountLow deposit threshold, suitable for beginners, but with large spreads

          ECN accountThe promotional spread is lower, but users have reported that the actual trading costs have not significantly decreased

          Islamic accountClaiming to comply with interest free regulations, targeting customers in specific regions

The trading conditions include:

          Minimum deposit: $100

          Leverage ratio: up to 1:500 (but due to lack of regulation, there is actually a high risk involved)

          Spread: The average spread of mainstream currency pairs is over 1.5 points, with significant fluctuations

          Order execution: The platform claims to be STP direct execution, but users have complained of frequent slippage and order rejection


📚 Educational resources and customer support

The educational resources provided by AF Markets are relatively limited

          Explanation of Basic Foreign Exchange Terminology

          Brief charts and technical analysis videos (mostly non original content)

          No regular market analysis report, low update frequency

In terms of customer support:

          Support channels: email and online customer service form, no public phone number

          Working hours: Non 24-hour support, response delays are common

          Language: Only supports English, no multilingual support provided

          Social media: inactive maintenance, no response to customer inquiries


🌍Nature of Business

          AF Markets claims to provide services to global clients, primarily expanding into emerging markets through online advertising, social media promotion, and agency channels, including some countries in Latin America, Southeast Asia, and Africa. However, some regions are facing regulatory restrictions, and the legality of their operations is questionable.


📈 Market position

          AF Markets has a relatively low market share among global brokers and is not recognized by mainstream media or industry associations. It failed to rank among the top in multiple industry rankings, with poor reputation and user engagement, making it a niche platform.


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