Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo licence claimed and none found on any register, while the site accepts deposits for leveraged CFDs and markets itself in several European languages.
Identity & transparency
9/10 · CriticalNo legal entity, company number or address anywhere on the site, ownership hidden behind a privacy service, and no terms or privacy policy at all.
Withdrawals & conduct
3/10 · LowNo complaints of any kind were found about money not being returned, which we credit; the only concern is that bonus withdrawals depend on requirements the site never states.
Reputation
5/10 · ModerateNo verifiable reputation exists in either direction: no review platform holds a page for this website, and an automated trust checker scores it zero.
Website claims
7/10 · HighThe About page presents another broker's founder and company history as its own, and safety of funds is promised with no entity or regulator behind it; no fake licence number or award was claimed.
Operational history
5/10 · ModerateAbout one and a half years of verified history from April 2025 with no identifiable operating company; the site does not overstate its age, which we credit.
Who they are
A quick desk file on the company behind the brand.
- Brand: Afex Markets Group
- Legal entity: None disclosed. No company of this name appears in the UK register, and the site names no operating company anywhere.
- Registered: No registered address or company number published on any page.
- Website: afexmarketsgroup.com, with a client portal and a web trading terminal on subdomains.
- Only licence: None claimed and none found.
- Offers: CFDs on forex, stocks, crypto, indices, metals and oil, on MetaTrader 4, with copy trading. Minimum deposit 250 euro, leverage up to 1:3000, plus 100% and 200% deposit bonuses.
- Not accepted: No country is excluded. The signup form accepts every jurisdiction, including the United States and sanctioned states such as Iran, North Korea, Cuba and Syria.
- Age claim: None. The site advertises no founding year, and its domain and first security certificates both date from 26 April 2025.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
No licence claims on record.
Why we reached this verdict
How the evidence adds up.
We rate Afex Markets Group high risk because of what is absent rather than because a regulator or a group of clients has accused it of anything.
- There is no identifiable counterparty. A client who deposits here sends money to a brand, not to a company. No legal entity, company number or registered address appears anywhere on the site, and the UK register, where our record placed this firm, contains no company called Afex Markets Group.
- There is no contract. The site has no terms and conditions, no client agreement, no risk disclosure and no privacy policy. On the registration form, the link labelled 'Terms And Privacy Policy' returns the visitor to the home page. Clients are asked to agree to documents that do not exist.
- It is not authorised anywhere. No regulator is named and no licence number is given. A firm offering leveraged CFDs to the public needs authorisation in the markets it serves, and this one holds none that we could find.
- It solicits in markets that would forbid these terms. The site runs German, Italian and Spanish versions and offers 1:3000 leverage. European rules cap retail forex leverage at 1:30, so these terms could not lawfully be offered to the residents being addressed.
- Its corporate story belongs to someone else. The About page reproduces the About page of Traders Trust, a Seychelles-licensed broker, word for word, including the heading and the passage describing founder Nicola Berardi. The home page also refers to Traders Trust's Social Trader as the copy trading service. The contrast is instructive: the broker whose text was taken discloses its licensed entity, its licence number, its address and a list of countries it will not serve. Afex Markets Group discloses none of these and turns away no one.
- Withdrawals are conditioned on undisclosed rules. The 100% and 200% deposit bonuses are described as withdrawable only if the client meets 'trading requirements' that are never stated.
- The operation is young and leaves no trace. Domain registration, first certificates and first archive capture all point to April 2025. Trustpilot holds no page for this website, and we found no complaints and no positive reviews on any platform.
How we reached 68%. Weighting the six dimensions gives a mean of 7.0 out of 10. We held the figure at the top of the high risk band rather than moving it into scam territory because three things a scam finding needs are absent: no regulator warning names this website, no client has publicly reported losing money to it, and it claims no licence that we could show to be false. Two profile rules also apply and point the same way: the operation is under three years old, and a sweep of several platforms found no reviews of any kind. Both cap our confidence at medium and keep the published figure at or above 65. The number reflects a young, anonymous and unlicensed profile, not misconduct we established.
A note on the name. Several unrelated firms trade under similar names, including AFEX Markets Plc and AFEX Markets Europe Limited, which were authorised in the United Kingdom and Ireland respectively, and a separate website, afex-markets.com, which appears on the British Columbia Securities Commission caution list and Italy's CONSOB blacklist. None of those records concerns this website, and we have attributed none of them to it.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The website names no operating company, no registration number and no registered address on any page, and the footer carries only a copyright line.
E2The About Us page reproduces the corporate story of a different broker, Traders Trust, word for word, including the heading 'Swiss Made' Trading and the passage naming founder Nicola Berardi.
E3The original of that text on Traders Trust's own About page, which also discloses the licensed entity TTCM Traders Capital Limited, Seychelles licence SD141, a registered address and a list of countries it will not serve.
ModerateTraders Trust About pageE4The account registration form requires full name, phone and country, and its link labelled 'Terms And Privacy Policy' returns the visitor to the home page. No terms of business, client agreement or privacy policy exists on the site.
E5The domain was registered on 26 April 2025 through Ultahost, with ownership details withheld.
E6The earliest security certificates for the website and for its client and webtrader subdomains were all issued on 26 April 2025, confirming the operation began then and had no earlier presence.
ModerateCertificate transparency recordsE7The UK register contains no company named Afex Markets Group. The similarly named AFEX Markets Limited is a separate business that was dissolved on 20 January 2026.
ModerateUK Companies HouseE8The site advertises maximum leverage of 1:3000 and provides German, Italian and Spanish versions, terms that could not lawfully be offered to the European residents being addressed, where retail forex leverage is capped at 1:30.
E9The signup country list excludes no jurisdiction, accepting the United States and sanctioned states including Iran, North Korea, Cuba and Syria. The broker whose text it copied excludes all of these.
E10Deposit bonuses of 100% and 200% are offered, described as withdrawable only if the client meets trading requirements that are nowhere defined, together with partner bonuses of up to 50,000 euro monthly.
E11The MetaTrader 4 download is a self hosted executable named FinXMeta served from a third party file host, rather than the official terminal, and it carries a product name unconnected to this broker.
E12The website runs on a bulk shared server that also hosts a large number of fake investment, fake bank and advance fee recovery sites, including one impersonating a UK regulator's recovery office.
ModerateReverse IP hosting lookupE13An automated website trust checker rates the domain zero out of 100, citing concealed ownership, recent registration and financial services on a shared server, and holds no user reviews for it.
WeakScamAdviserE14Trustpilot holds no review page for this website, and a sweep of complaint forums and discussion platforms found no reports about it. There is no community footprint in either direction.
ModerateTrustpilotE15The Canadian caution list entry for a similarly named operation names the website afex-markets.com and a company called AFEX Group International Inc, and states it has no relation to Afex Markets Europe Limited in Ireland. It does not name the website reviewed here.
E16No regulator warning list names this website, no enforcement action names it, and no client report of withheld funds was found against it.
The other side
The strongest case in this broker’s favour.
The case for treating Afex Markets Group more kindly rests on real points, and we take them seriously.
- Nobody has said they lost money. We looked across several review and complaint platforms and found no report of a refused withdrawal, a frozen account or a demand for a fee to release funds. That is the single most incriminating pattern in this industry and it is simply not present here.
- No regulator has warned about this website. Warnings exist against a similarly named site, but not against this one. Warning lists also lag new operations by months, so this is not clearance, but it is honest to say the record is clean today.
- It claims no licence it does not hold. Many of the worst operations print a real firm's licence number in the footer. This one prints nothing. Claiming no regulator is less deceptive than claiming a false one, and it means no other company's credentials are being worn.
- Some of this may be incompetence rather than design. A stolen About page and a broken terms link are consistent with a cheaply assembled website. Very new brokers sometimes publish their legal documents late.
- The service itself appears to function. The site is live, the client portal and web terminal respond, and the platform on offer is MetaTrader 4 rather than an unknown in-house system.
What these points cannot do is answer the central problem. Even read in the most generous way, there is no company named as the counterparty and no contract governing the money. A client with a dispute would have nobody identifiable to pursue.
What would change this
What we would need to see to revise the verdict.
We would revise this assessment, upward or downward, on any of the following.
- Toward safer: the site publishes its operating company, registration number and registered address, and that company can be confirmed on the register of the country of incorporation.
- Toward safer: a genuine trading licence appears on a regulator's own register in the name of the entity that holds client money, with the website listed against it.
- Toward safer: full terms of business, a client agreement and a risk disclosure are published, and the terms link in the signup flow reaches them.
- Toward safer: the About page is rewritten to describe this firm rather than another broker, and the leverage and country policies are brought into line with the markets being addressed.
- Toward safer: a body of independent reviews builds up over time showing withdrawals being paid.
- Toward worse: any regulator adds this exact website to a warning or blacklist.
- Toward worse: credible client reports appear describing withheld withdrawals, deleted balances, or a demand for a tax or fee before funds are released. Any one of those would move this to a scam finding.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
UK Companies House company search
Search the UK register yourself. No company named Afex Markets Group appears; the similarly named AFEX Markets Limited was dissolved in January 2026 and is a different business.
FCA Warning List of unauthorised firms
The UK regulator's list of firms operating without authorisation. Check any broker here before depositing.
BC Securities Commission investment caution list entry for a similarly named website
Important context: this Canadian caution names afex-markets.com, a different website from the one reviewed here. It is listed so readers can tell the two apart.
IOSCO investor alerts portal
Searches the warning lists of financial regulators worldwide by firm name or website.
Frequently asked questions
Quick answers about this broker’s safety.
Is Afex Markets Group a scam?
We cannot confirm it is, and we cannot clear it either. No regulator has warned about this website and no client has publicly reported losing money to it. But it holds no licence, names no company and publishes no terms of business, so we rate it 68% risk and advise against depositing.
Is Afex Markets Group a fraud?
We found no evidence of fraud. There is no enforcement action, no regulator warning and no court record naming this website. What we did find is an operation with no identifiable company behind it, which means that if money were lost there would be nobody identifiable to pursue. We assess the risk as high on that basis.
Is Afex Markets Group regulated?
No. The website names no regulator and no licence number, and we found no authorisation for it on any register. A firm offering leveraged CFDs to the public normally needs a licence in each market it serves.
Who owns and operates Afex Markets Group?
This is not disclosed. No company name, registration number or registered address appears anywhere on the site, including in the signup flow, and the domain ownership details are hidden behind a privacy service.
Can I withdraw my money from Afex Markets Group?
We cannot say. We found no reports of withdrawals being refused, but we also found no reports of withdrawals being paid, so there is no track record either way. The deposit bonuses are described as withdrawable only if you meet trading requirements that the site never states, which can restrict access to your balance.
Is my money safe with Afex Markets Group?
There is no protection we can point to. Without a licence there is no compensation scheme, no regulator to complain to and no requirement to keep client money separate from company money. The site promises segregated funds, but no regulator supervises that promise.
How old is Afex Markets Group?
The website first appeared in April 2025, confirmed by its domain registration, its first security certificates and its earliest archived copy. That makes it roughly one and a half years old at the time of writing. No operating company could be identified, so its true age may be shorter but is unlikely to be longer.
Is Afex Markets Group the same as AFEX Markets in the UK or Ireland?
No. AFEX Markets Plc in the United Kingdom and AFEX Markets Europe Limited in Ireland are separate, unrelated businesses that were authorised by their own regulators. Nothing about those firms applies to this website, and this website makes no claim to be connected to them.
What about the regulator warnings I found for Afex Markets?
Those warnings, from the British Columbia Securities Commission and from Italy's CONSOB, name a different website, afex-markets.com. That is a separate operation on separate infrastructure. We have not attributed those warnings to the site reviewed here.
Why does the About page mention Traders Trust?
Because the text was copied from Traders Trust, a different broker. The page reproduces their company story word for word, including the passage about their founder Nicola Berardi. It describes another company, not this one.
Is 1:3000 leverage normal?
No. Regulated brokers in Europe are limited to 1:30 for retail forex, and other major regulators apply similar caps. Leverage of 1:3000 means a very small market move can erase your whole deposit, and it is only offered outside regulatory supervision.
Should I accept the 100% or 200% deposit bonus?
We would not. The site says the bonus is withdrawable only if you meet trading requirements, but never says what they are. Bonuses of this kind commonly require a trading volume so large that the client cannot withdraw their own deposit until it is met.
What should I check before depositing with any broker?
Find the operating company's name and licence number on the website, then look both up on the regulator's own register, and confirm the website address you are using is listed there. Also read the terms of business and the withdrawal rules before you send any money.
What do I do if I have already deposited and cannot get my money back?
Request a full withdrawal in writing and keep every reply. Do not pay any further amount described as tax, a fee, insurance or verification, because that is the most common way losses are increased. Contact your bank or card issuer about reversing recent payments, and report it to your national financial regulator and police.
What we recommend
The practical takeaway from everything above.
Our advice to anyone considering this broker is cautious.
- Do not deposit. There is no identified company, no licence and no contract. Money sent here is not protected by any compensation scheme and there is no named party to hold responsible.
- Treat the bonuses as a lock, not a gift. A 100% or 200% bonus that becomes withdrawable only on unstated trading requirements can prevent you from taking your own money out.
- Ignore the leverage. An offer of 1:3000 is not available from any regulated broker, and it is a way to lose a deposit quickly rather than a benefit.
- If you already have funds there, request a full withdrawal now, keep written records of every request and reply, and do not send any further payment described as a tax, fee, insurance or verification charge. No legitimate broker requires a payment in order to release your balance.
- If a withdrawal is refused, report it to the financial regulator and the police in your own country, and to your bank or card issuer, which may be able to reverse recent payments.
- Before using any broker, find its company name and licence number on the site, then confirm both on the regulator's own register, and check that the website you are using is the one listed there.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 5, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.