AF Markets

AF Markets is a forex and CFD broker that was founded on March 9, 2020, and is registered in Canada. The company operates under the domain afmarket.com and presents itself as a provider of online trading services for retail and institutional clients.

According to aggregated industry data, AF Markets offers a selection of over 40 forex currency pairs and 20+ CFDs on indices, commodities, and cryptocurrencies. The broker's corporate registration in Canada places it within a regulated jurisdiction, though publicly available records indicate that AF Markets does not hold a financial regulator licence as of the time of this review.

A key consideration for traders evaluating AF Markets is its regulatory standing. As per FXCanary’s records, the broker has no registered regulators on file. This absence of oversight from any known financial authority means that clients are not protected by compensation schemes or dispute resolution mechanisms typically provided by regulated brokers.

The lack of regulation is a significant factor in assessing the broker’s trustworthiness. Traders should be aware that unregulated brokers carry higher risks, including potential issues with fund security and trade execution fairness.

AF Markets offers three distinct account types tailored to different trader profiles. The Standard account requires a minimum deposit of $100 and provides maximum leverage of 400:1 for forex trading and 200:1 for CFDs. The Super account has a minimum deposit of $5,000 with reduced leverage of 200:1 (forex) and 100:1 (CFDs). For larger capital, the Institutional account starts at $50,000 and offers leverage of 100:1 for both forex and CFDs.

These leverage levels are notably high, particularly the Standard account’s 400:1 on forex, which can amplify both gains and losses. Such leverage is rarely permitted by strict regulators like those in the EU or UK but may be offered by offshore or unregulated entities.

AF Markets claims to provide a diverse range of tradable assets including major, minor, and exotic forex pairs, as well as CFDs on indices, commodities, and cryptocurrencies. The exact number of instruments is listed as over 40 forex pairs and 20+ CFDs, which is a moderate offering compared to larger brokers.

No specific information is publicly available regarding spreads, commissions, or trading platforms offered. Industry databases do not clarify whether the broker uses MetaTrader, proprietary software, or third-party platforms. Traders seeking transparency on costs and execution should approach with caution given the lack of detailed data.

Details on funding methods and withdrawal policies for AF Markets are not readily available from public sources. The minimum deposit of $100 for the Standard account suggests accessibility for retail traders, but the broker’s payment options, processing times, and fees remain unverified.

Given the unregulated status, clients may face delays or additional charges when moving funds. It is advisable to check directly with the broker for current banking arrangements, though independent verification is limited.

AF Markets appears to target a broad spectrum of traders, from retail beginners with the low-entry Standard account to high-net-worth individuals and institutions through its Super and Institutional tiers. The high leverage on the Standard account may appeal to those seeking aggressive trading strategies, but it also introduces substantial risk.

The Institutional account, with its higher minimum deposit and lower leverage, suggests an attempt to attract professional traders who prioritize capital preservation. However, without regulation, even institutional clients lack the safeguards typically expected in the industry.