AFM Capital
| Name of the Company | AFM or Advanced Financial Markets Ltd. |
|---|---|
| Established In | 2006 |
| Online since | 2006 |
| International Offices | BVI or British Virgin Islands |
| Payment Methods | Credit cards, Debit cards, LibertyReserve, MoneyBookers, WebMoney, Web Transfers |
| Demo Account and Platforms | Meta Trader 4 |
| Account currencies | Euro, U.K Pound, Swiss Franc, USD |
| Different Currency Pairs | All major currencies, 28 currencies pair from EUR/USD to GBP/USD. |
| Regulated or Registered By | FSC in BVI |
| Are US Traders Allowed? | Yes |
| Languages in which website is available | English, Italian, French, spanish, German, Potuguese |
| Languages in which support is available | French, Potuguese, German, Spanish |
| Different Support Methods | Callback, Live Chat, Phone and Email. |
| Types of Account (micro standard executive islamic) | MicroFX account, Mini Forex Account, Standard Forex Account, Professional Account, Premium Account, Managed Forex Account, Islamic Forex Account. |
| Minimum Deposit in Accounts | $100 for MicroFX account |
| Type of Spread | Fixed |
| Typical spread on EUR/USD, pips | Fixed spread from 1pip for EUR/USD and it also depends on the type of account held by the trader |
| Minimum spread on EUR/USD, pips | 1 |
| Is Scalping Allowed | No |
| Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex, Gold and Silver |
| Real Trading platforms | Meta Trader 4 |
| Digits after the dot in quotes | 5 |
| Total Number of Currency Pairs | 28 |
| Do they have Managed accounts | Yes |
| Islamic accounts available | Yes |
The forex market is the latest muse of many traders and has resulted in many new companies offering brokerage. AFM was founded in the year 2006 and they stared their internet based online trading service the very same year. The company started its service as a non-dealing desk broker and hence they send all the order placed directly to the bank of other financial institutions which allows fast execution and also maximizes the profit. They have their office in British Virgin Islands and are regulated by the regulating authority there which is FSC. They allow the traders from United States to trade from their account. They have a multilingual website which helps in easy browsing and is also very informative. The website is available in 6 languages whereas the customer support service is available in 4 languages. The customer support service is excellent and can be reached via call back, live chat, phone and email. The support staffs are very supportive and are well trained to handle any trading issues. They allow Euro, USD, U.K pound and Swiss Franc as the account currencies.
The company offers its customer a demo account which has Meta Trader 4 as the trading platform. The same trading platform is offered to the customers when they start real trading. Thus, the traders can plan their trading strategy while using the demo account. They offer different types of accounts and thus the traders are at large to choose the one which suits their trading needs the most. The minimum deposit required to open an account with them is $100. They have a fixed spread and hence it allows them to know the cost of their trade before placing their trade. They offer 28 currency pairs which includes all the major pairs. They do not allow scalping but have the facility of mobile trading, automated trading and hedging.
If you go through the reviews posted online by the customers of AFM, you will find many happy and satisfied customers. The most talked about feature of the company in the reviews is the different types of accounts offered to the customers. It helps the customers to choose the one which suits their trading needs the most. Also, the traders like the fact that they have a multilingual website and customer support service. They have written that they are very much satisfied of their customer service as it is very prompt and friendly. Many like that the minimum deposit required to open an account with them is $100. The spread on the trade is fixed and is liked by many traders as it helps them to know the cost of their trade before placing the order. The mobile trading facility is lauded by many traders who are travelling most of the time. They also have automated trading service which allows the trade to be placed automatically. The overall reviews are very positive and the average rating given to the company by its users is 4.6 out of 10.