About AFEX
Overview
AFEX is a financial services company headquartered in London, United Kingdom, established on 26 November 2018. The firm operates from its registered address at 40 Strand, London, WC2N 5RW, and focuses on providing cross-border payment solutions and currency risk management services to businesses.
According to limited public records, AFEX does not hold any regulatory licences from financial authorities. This lack of regulation is a notable factor for any entity handling client funds or foreign exchange transactions, as it means the firm is not subject to the oversight and protection frameworks that regulated providers must adhere to.
Company Background
AFEX was founded in late 2018 and maintains a corporate presence primarily in the United Kingdom. The company states on its website that it serves a global client base, offering a full suite of payment and currency solutions. However, independent verification of these claims is limited due to the absence of regulatory disclosures.
The firm's social media presence includes accounts on Facebook, LinkedIn, Twitter/X, and YouTube, suggesting an active marketing effort to reach business clients. Despite this, the lack of regulatory registration raises questions about the transparency and security of its operations.
Services and Products
Based on the available information, AFEX positions itself as a comprehensive payments provider for businesses, with a focus on commercial card issuance and cross-border money transfers. The company claims to be the largest commercial card issuer for Mastercard in North America, although this claim cannot be independently verified through the known facts.
There is no indication that AFEX offers retail forex or CFD trading accounts. Its core business appears to be business-to-business payment services, including currency conversion and risk management, rather than speculative trading instruments for individual investors.
Client Suitability
AFEX seems to target corporate clients requiring international payment solutions, such as importers, exporters, and multinational firms. The platform is not designed for retail traders seeking leveraged forex or CFD exposure.
Given the lack of regulatory oversight, businesses considering AFEX should conduct thorough due diligence. The high scam risk score of 75/100 assigned by FXCanary reflects the potential dangers of transacting with an unregulated financial service provider.
Overview compiled by FXCanary from regulatory records and public data. full AFEX review