Afex Markets has been flagged by Commissione Nazionale per le Società e la Borsa for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The spread at Afex Markets is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.
Pros: API access|Fast execution
Cons: Spreads widen during volatile periods
Tried to withdraw my funds from Afex Markets and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
My withdrawal from Afex Markets was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over a year of being strung along.
Pros: Demo account available|Reliable uptime|Economic calendar
Cons: No dark mode on mobile|Minor UI glitches occasionally
After seeing ads for Afex Markets online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Commissione Nazionale per le Società e la Borsa. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I looked into Afex Markets and found they appear in the regulatory warnings database. Commissione Nazionale per le Società e la Borsa has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
I closed a profitable position at Afex Markets and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Easy withdrawals|Helpful community forum|Reliable uptime
Cons: Limited social trading features|Slow to add new assets
Afex Markets changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Dedicated account manager|Smooth onboarding|Reliable uptime|High security standards
Cons: Wish they had more educational resources|Cannot customize dashboard fully
I invested $25,000 with Afex Markets after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Commissione Nazionale per le Società e la Borsa.
Cons: No regulatory oversight|Money disappeared|Fake testimonials