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Afs-equity.com is another forex broker trying to block members from accessing funds. And that means AFS Equity won’t protect your funds from such cases. Our afs-equity.com review exposes why this liquidity provider is a hoax.
Those who have invested with the broker are crying foul. Finally, after weeks of attempting to withdraw funds, the broker is out of bounds. And that’s why we have to come out and expose the broker. Here’s our full AFS EQUITY REVIEW.
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The about us section talks of a broker eyeing dozens of traders worldwide. The broker quotes 90 countries as the number of countries involved. The broker fails to understand that the forex world is a close-knit family.
You won’t be global, and no one has heard of you. The broker is using false information to lure investors. Afs-equity.com is far from a global liquidity provider. We have a broker hell-bent on offering false investments.
Once you land on the homepage, there’s no doubt the broker does have some alluring attributes. These include having a trading website that looks professional to the eye. However, it’s not until you dig deeper do you start seeing the red flags.
These red flags include false claims of membership numbers and withdrawals. You will also see a broker who offers unfair trading conditions. Unfortunately, regulation is not in the cards with this broker. And that’s why you need to stay away from the platform.
After signing up, members get directed to the deposit amount page. You get to select the type of account you want. After depositing funds, the balance might appear on the member dashboard within 24 hours.
You can immediately start trading or let the broker take over your trading activities. The broker will call you with claims of having a professional trader. Once you let your account into the hands of these professionals, that’s it.
Even those who trade don’t get the chance to engage with the platform fully. There’s a chance you won’t get to withdraw funds from the platform. And that’s what we are trying to avoid with these investments.
Withdrawing funds from Afs-equity.com is a major hustle for members. Please avoid the store as it doesn’t offer much creativity. We have a platform hell-bent on ensuring no one takes advantage of trading.
AFS Equity furnishes members with four account types to choose from. Each of these accounts promises members a different outcome. The four include starter, silver, gold, and platinum. Let’s take a closer look at each account type;
It’s the most basic account that the broker sets for novice traders. You have to invest a minimum of $1,000 and trade with over 250 assets. Commissions start from $0 with spreads set at two pips.
Selected for the more polished trader, the silver account offers spreads starting from 1.5 pips. You have to deposit $5,000 to get started. There are no commissions for this or any other account type.
Spreads for the gold account also start at 1.5 pips. Members have to deposit a minimum of $25,000 to get started. The platform insists on trading with over 250 trading instruments. There’s no mention of acceptable leverage.
It’s the most exclusive account of them all. Spreads start from 1.3 pips, with members having to deposit $50,000. The broker targets institutional investors with this account. You also get direct access to an account manager.
One of the things that caught our eye was the high deposit amount required to open an account. Regulators have set $250 as the acceptable minimum deposit. The low amount shelters investors from losing a large chunk of their investment.
Some regulated brokers even go as low as $10 for a minimum deposit. Another issue we have with the broker is the lack of proper trading information. The broker fails to quote the maximum acceptable leverage.
You would expect the broker to follow the rules and offer a maximum leverage of 1:100. That’s not the case with this trading platform. The broker is not willing to provide much regarding set trading conditions.
And that’s how you start getting results you didn’t expect. We also don’t know if these are fixed spreads. Earlier, one of the account managers claimed to offer variable spreads with the VIP account.
AFS Equity offers four assets of trading instruments. These include commodities, crypto, forex, and indices. You get to trade commodities such as crude oil and natural gas. Crypto assets are well represented, with various instruments to choose from.
Forex assets include major and minor currency pairs. The broker pairs these currencies against leading currencies such as EUR, GBP, and USD. Indices found include DAX, Dow Jones, and S&P 500.
There’s little information to point to who owns or runs the platform. So one would expect the broker to offer much service delivery. And that’s the whole issue with this trading platform.
Anonymity is the reason no one gets to get back funds. The broker is nowhere to answer these queries. An investigation is underway, and we hope members will finally get their funds. That said, try and avoid anonymous investment platforms.
You won’t get to sign up with a broker failing to offer much in terms of rating. No one highly rates the broker as a result of the withdrawal issues. A quick search of the broker reveals a trend and negative reviews of the experience.
Your experience with any broker should be memorable. Not with AFS Equity, as it does its best to ensure no one profits from the trades. And that’s why we have to put a clamp on the broker’s online interests.
Hundreds of clients have lost funds with the broker. You, too, will become their next victim if you make the mistake of signing up with the broker. And that’s why we insist on staying away from such platforms.
Don’t expect any contact or support from the broker once you sign up. We have a broker who is not ready to offer much in terms of creativity. These brokers won’t deliver much and will likely fail to release funds.
You don’t even get a live chat widget where members can talk to a representative. So we see a broker not willing to offer much in terms of quality. And that’s why we have to stay away from this broker.
Funding these accounts is fast, thanks to several depository channels. These include bank and wire transfers. After funding your account, the member dashboard reflects the amount within 24 hours.
Withdrawing funds from the broker is the biggest challenge facing investors. But unfortunately, no one gets to withdraw funds from the platform. And that’s why we insist afs-equity.com is a scam broker.
Please stay away from such brokers who block withdrawals.
PS: Enjoy trading with crypto assets thanks to safe investment strategies.
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