About AFWM
Overview
AFWM (FX) Limited, operating under the domain afwm-forex.com, is a UK-registered online broker established on 9 January 2018. The company presents itself as providing forex and CFD trading services to retail clients.
Despite its UK registration, AFWM operates without a valid regulatory license for forex trading. While the firm claims to hold an Investment Advisory License from the Financial Conduct Authority (FCA), this authorization does not permit the conduct of forex or CFD trading activities. Consequently, AFWM is effectively unregulated in its core business, a fact that carries significant implications for trader protection.
Regulatory Status
Our records show no current regulatory oversight for AFWM's forex and CFD operations. The FCA Investment Advisory License cited by the broker covers advisory services only, not the execution of leveraged trading. This misalignment between license scope and actual activity means clients are not covered by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service should disputes arise.
Traders considering AFWM should be aware that operating beyond license authorization, as indicated by industry databases, is a serious compliance concern. The absence of a proper forex license leaves accounts unprotected and positions the broker outside the regulatory perimeter of established financial authorities.
Company Profile
AFWM (FX) Limited is registered in the United Kingdom with a incorporation date of 9 January 2018. The company describes itself as an online broker offering forex and CFD trading, but specific details about account types, trading platforms, or financial instruments are not publicly available from independent sources.
Given the limited public information and the regulatory gap, it is difficult to assess the broker's operational history, client base, or any track record. This lack of transparency is a notable red flag for prospective traders.
Target Audience
AFWM appears to target retail traders interested in forex and CFD markets. However, due to its unregulated status, the broker is not suitable for risk-averse traders or those seeking the protections offered by licensed brokerages. The absence of regulatory oversight makes it a high-risk choice, especially for novice investors who may not be able to distinguish between regulated and unregulated entities.
Overview compiled by FXCanary from regulatory records and public data. full AFWM review