Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo licence is claimed or found; the site takes deposits with no regulator named, and the brand carries regulator warnings on sibling domains.
Identity & transparency
9/10 · CriticalNo legal entity, address, phone or terms are published, and the founder identity is appropriated from an unrelated regulated broker's CEO.
Withdrawals & conduct
4/10 · ModerateNo fund-integrity complaints are pinned to this exact domain; the same brand shows a delayed-then-ignored withdrawal report on a sibling site, and the setup is unlicensed and opaque.
Reputation
7/10 · HighNo positive footprint exists for the exact domain, and the Afex Markets brand is named in Canadian (BCSC) and Italian (CONSOB) actions on sibling domains.
Website claims
8/10 · CriticalThe site copies a regulated broker's pages and presents that broker's CEO as its own founder, implying a pedigree it does not have.
Operational history
6/10 · HighThe domain is about 16 months old with no datable company and no verifiable history, while implying decades of experience.
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 is registered in any registry we searched
- Registered: No address is published anywhere on the site
- Website: afexmarketsgroup.com (client portal at client.afexmarketsgroup.com, web terminal at webtrader.afexmarketsgroup.com)
- Only licence: None. No regulator or licence number appears on any page
- Offers: Forex, stocks, crypto, indices, metals and oil CFDs on MT4, copy trading, up to 1:3000 leverage, €250 minimum deposit
- Not accepted: No restricted-country list is published; the site is offered in English, German, Italian and Spanish
- Age claim: Domain created April 2025; the About page implies a 30-year pedigree by presenting another broker's founder as its own
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 a likely scam. Four things drive that.
- It takes money with no licence. The site solicits deposits for leveraged forex, CFD and crypto trading, in four European languages, at up to 1:3000 leverage. No regulator, licence number, company or address appears on any page, and there are no terms, legal or risk-disclosure pages at all. An operator that holds client money should be authorised somewhere; this one names no authority.
- It fakes its own credibility. The pages are lifted from Traders Trust, a CySEC-regulated broker. The copy still refers to Traders Trust's Social Trader, reuses its 1:3000 leverage marketing, and the About page presents Traders Trust's real CEO, Nicola Berardi, as the founder of Afex Markets Group. Nicola Berardi and Traders Trust have no connection to this website. Using a real, regulated broker's pages and its CEO to look trustworthy is a deliberate deception.
- Nobody stands behind it. There is no legal entity, no registered office, no phone number, and no company named Afex Markets Group in UK Companies House or the other registries we checked. Only a support email is provided. The country on our record, the United Kingdom, cannot be verified from anything the operator publishes.
- The brand is already flagged. The name Afex Markets is the subject of a British Columbia Securities Commission caution (1 August 2025) and an Italian CONSOB blocking order (25 September 2025). Those name related websites (afex-markets.com and web-traderx.com) rather than this exact address, so we treat them as context about the brand rather than proof against this specific site.
We stop short of calling it a confirmed scam because no regulator has yet named this exact website, and we found no first-hand theft reports tied to this exact domain. The deception on the site itself, however, is plain.
Evidence ledger
Every finding, with its source and how strongly it points.
E1afexmarketsgroup.com solicits deposits from a €250 minimum for leveraged forex, CFD and crypto trading on MT4 at up to 1:3000, in English, German, Italian and Spanish, with no regulator or licence stated on any page.
E2The site names no legal entity, no registered address and no phone number, and has no terms, legal or risk-disclosure pages; only a support email is provided.
E3The site is a rebranded copy of Traders Trust, a CySEC-regulated broker: the copy still refers to Traders Trust's Social Trader, reuses its 1:3000 leverage marketing, and the About page presents Traders Trust's real CEO Nicola Berardi as Afex Markets Group's own founder.
E4UK Companies House lists no company named Afex Markets Group; the only similarly named UK entity, AFEX MARKETS LIMITED (07061516), is an unrelated company dissolved on 20 January 2026.
ModerateUK Companies HouseE5afexmarketsgroup.com was registered on 26 April 2025, on Cloudflare nameservers via registrar Ultahost, giving an operating history of roughly sixteen months with nothing verifiable before it.
ModerateVerisign RDAP registry recordE6The Afex Markets brand is subject to a British Columbia Securities Commission caution (1 August 2025, AFEX Group International Inc, afex-markets.com) and an Italian CONSOB blocking order (25 September 2025, afex-markets.com and web-traderx.com); these name sibling domains rather than afexmarketsgroup.com.
E7The related site afex-markets.com uses a different template and trading platform (profitrader-web.com and web-traderx.com), a Dublin PO box and +1 and +44 phone numbers, and carries a user report of a withdrawal that was delayed and then ignored, showing a multi-domain brand rather than a single site.
The other side
The strongest case in this broker’s favour.
In fairness, we tested the innocent explanations.
- Could it be a real branch of Traders Trust? No. Traders Trust operates under its own name and regulated entities; it would not hide all regulation behind an unknown brand with no licence, and there is no announcement or acknowledgement linking the two.
- Could it be a rebrand with continuity? No named predecessor, licence transfer or archive history supports that. The site simply appeared in 2025.
- Is the warning about a different firm? There is a genuine, long-established currency business called AFEX (Associated Foreign Exchange) and a separate AFEX Markets Europe entity. This website is neither of those, and the warnings we cite target the Afex Markets trading brand, not the legitimate payments company.
- Is a licence simply new and not yet listed? The site claims no licence at all, so there is nothing pending to find.
What would change this
What we would need to see to revise the verdict.
We would revisit this view if:
- the operator published a real, verifiable licence from a recognised regulator whose register lists this exact website and a named legal entity;
- a company named Afex Markets Group, or the true operator, appeared in a corporate registry with a real address and officers;
- the site removed the copied Traders Trust content and the appropriated founder identity, and disclosed who actually runs it;
- independent, verifiable evidence showed clients depositing and withdrawing normally over time.
A regulator warning naming afexmarketsgroup.com directly, or credible first-hand reports of blocked withdrawals on this exact domain, would move it to a confirmed scam.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
BC Securities Commission caution (Afex Markets brand)
Canadian regulator caution naming the Afex Markets brand on the related site afex-markets.com
UK Companies House search
Shows no UK company named Afex Markets Group is registered
CONSOB blocking order coverage
Documents Italy's CONSOB order to block the Afex Markets sites afex-markets.com and web-traderx.com
Frequently asked questions
Quick answers about this broker’s safety.
Is Afex Markets Group a scam?
We rate it a likely scam. It takes deposits with no licence, discloses no company or address, and copies a regulated broker's website and CEO to appear legitimate. Treat it as unsafe and do not deposit.
Is Afex Markets Group regulated?
No. No regulator, licence number or authorised entity appears anywhere on afexmarketsgroup.com, and we found no licence for it on any register. An unlicensed site that holds your money gives you no protection and no compensation scheme.
Is Afex Markets Group a fraud?
We did not find a court or regulator ruling that names afexmarketsgroup.com, so we do not state that as fact. We assess the risk of fraud as high, because the site takes deposits with no licence, hides who runs it, and uses another regulated broker's pages and CEO to look credible. Regulators in Canada (BCSC) and Italy (CONSOB) have warned about the wider Afex Markets brand on related websites.
Can I withdraw my money from Afex Markets Group?
There is no guarantee you can. The site has no licence, no identifiable company and no complaints channel beyond an email, and the same brand has a delayed-then-ignored withdrawal report on a related site. If you have funds there, request a full withdrawal in writing now and keep records.
Is my money safe with Afex Markets Group?
No. With no regulator and no identifiable company behind it, there is no oversight of client funds and no compensation scheme if the money disappears.
Who owns or runs Afex Markets Group?
The site does not say. It names no legal entity, no directors and no address, and no company called Afex Markets Group appears in UK Companies House or the other registries we checked. The founder it does name, Nicola Berardi, is actually the CEO of a different broker, Traders Trust, and has no connection to this site.
How old is Afex Markets Group?
The website afexmarketsgroup.com was registered in April 2025, about sixteen months ago. Despite that, the site implies decades of experience by borrowing another broker's founder biography.
Is Afex Markets Group the same as Traders Trust?
No. Traders Trust (TTCM) is a separate, CySEC-regulated broker at its own website. Afex Markets Group has copied Traders Trust's pages and named its CEO as its own founder, but there is no genuine link between them.
Is this the Afex Markets that CONSOB and the BCSC warned about?
Those warnings name related websites, afex-markets.com and web-traderx.com, under the same Afex Markets brand, not this exact address. The sites use different templates but share the brand, so we treat the warnings as context about the brand rather than proof against this exact domain.
Is Afex Markets Group a clone?
In effect, yes. It reproduces the website of a regulated broker, Traders Trust, and presents that broker's real CEO as its own, while trading under the Afex Markets Group name and claiming no licence of its own.
What should I do if I already deposited with Afex Markets Group?
Stop sending more money. Request a full withdrawal in writing, and if it is refused or ignored, contact your bank or card provider about a chargeback and report the site to your national regulator. Ignore anyone who later offers to recover your funds for an upfront fee.
What should I check before depositing with any broker?
Confirm a real licence on the regulator's own register, a named legal entity and address, working contact details, and independent reviews from real customers. Afex Markets Group fails every one of these checks.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 5, 2026
No prominent change since the last scan.
- September 5, 2026CurrentLikely scam78% risk
- September 5, 2026High risk (unverified)68% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
Treat Afex Markets Group as unsafe.
- Do not deposit money or share identity documents or card details with this site.
- If you already deposited, stop sending more, request a full withdrawal in writing, and if it is refused contact your bank or card provider about a chargeback and keep all records.
- Be alert to recovery scammers who target victims of sites like this; no legitimate service asks for an upfront fee to get your money back.
- Report the site to your national financial regulator.
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.
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