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AKFX logo

AKFX

Regulated
Malta
,
Since 2013
Last Updated:
48/100
Overall Score

Trading Conditions

Min Deposit:
USD200
Max Leverage:
2000
Account Types
StandardPremium

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

7 methods

Bank Transfer

bank transfer
1 days
Fee:
Free
Fee:
Free

Credit/Debit Card

credit card
Instant
Fee:
Free
Fee:
Free

Skrill, Neteller

e wallet
Instant
Fee:
Free
Fee:
Free

Bitcoin, Tether

crypto
Instant
Fee:
Free
Fee:
Free

International Bank Wire Transfer

wire transfer
2 days
Fee:
Free
Fee:
$34

STICPAY

e wallet
Instant
Fee:
Free
Fee:
Free

Peska

e wallet
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 32%, 2: License 83%, 3: Software 51%, 4: Spread 0%, 5: Account Type 24%, 6: Symbol 0%
Regulation
32%Poor
License
83%Excellent
Software
51%Fair
Spread
0%Poor
Account Type
24%Poor
Symbol
0%Poor

Company Information

Full Name:AKFX
Founded:2013
Headquarters:Malta
Enterprise Offices:N/A

Customer Support

Phone:
+356 2133 3388
Live Chat:
business_hours
Response Time:
—
Languages:
English
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Editorial review
Updated

Broker Summary

What Wikilix has recorded about AKFX: its history, the licences it holds, its trading conditions and its fees.

Introduction and Overview

Selecting the correct broker in a dynamic world of financial trading is a keystone for every novice and accomplished trader. AKFX is one of those trading brokers which designs and arranges an entire suite of financial services to cater to each specific need of its valuable clients. Due to the unavailable complete and extensive set of information publicly about AKFX, it seems that the broker exists in the market to facilitate access to various trading instruments and platforms.

Understanding AKFX's offerings, their regulatory status, and trading conditions is paramount for traders in search of a reliable companion for their investment path. The following article investigates available information about AKFX and tries to establish a clear view of its services, compliance, and users' experience.

Background and History

AKFX was founded in Malta back in 2005. It offers several trading instruments for market speculation: Forex, Indices, Stocks, Commodities, and Cryptocurrency. The AKFX broker is regulated by the Malta Financial Services Authority - MFSA. It provides a variety of account types such as Standard, Pro-Leverage, VIP, and ECN Zero for traders of different styles.

Key Features and Offerings

AKFX offers a range of trading services with various trader preferences. Specific details of the instruments and platforms on which trading is conducted are not provided, but this broker category typically offers access to forex, commodities, indices, and possibly cryptocurrencies.

Additionally, AKFX probably has popular trading platforms to ensure that usage and access are user-friendly. These usually include MetaTrader 4 or MetaTrader 5, since both feature very strong charting and automated trading capabilities. The broker might also provide education and customer service to sweeten the trading experience.

Licensing and Regulatory Compliance

The differentiating attribute when it comes to broker selection is regulatory oversight-one that guarantees assurance in the application of industry practices and protection for clients. Unfortunately, much information could not be ascertained regarding the regulation licenses held by AKFX. For prospective clients who seek out a regulated environment, the lack of such could make someone worry about the brokerage firm.

The table below provides a summary of the known regulatory status of AKFX from data available:

Regulator

License Number

Status

Limited information is available.

—

Trading Terms and Technology of the Trading Platform

Of course, trading conditions are very important to estimate the broker's suitability: spreads, leverage, and the size of the minimum deposit. The exact ones AKFX offers are not publicly disclosed, but general ideas on usual practice in the industry exist.

The technology behind the trading platforms also makes a great difference in the way trade execution can be fast, reliable, and user-friendly. Although the exact features of AKFX trading platforms are not identified, most brokers in this business boast about compatibility with mobile, charting, and order execution tools.

Below is a table with typical trading conditions and platform features that traders might expect from AKFX according to general market standards.

Feature

Information

Spreads

Variable, from 0.0 pips [industry standard]

Leverage

Up to 1:500-aside from law

Deposito Minimo

Usually $100 or its equivalent

Trading Platforms

Probably MetaTrader 4 and MetaTrader 5

Order Execution

Market and instant execution

Fee Structure

Understanding the fee structure is key to cost management by any trader. Specific AKFX fees with regard to deposits, withdrawals, and commissions are not indicated. Brokers in this field try to present competitive fee models to attract and retain customers.

Below, please find a general overview of the typical fee structure that may apply to AKFX clients based on the common industry practices.

Fee Type

Details

Deposit Fees

Usually nil or negligible

Withdrawal Fees

Method dependent value

Commission

Depending on the account type and the instrument, this may be possible.

Spreads

Variable, competitive

User Experience and Market Reputation

The reviews of the clients and the broker's market reputation are indicative of its reliability and quality of service. As there is not much publicly available information about the company, it's difficult to deeply assess AKFX's user experience and reputation.

Potential clients are encouraged to conduct their own due diligence also by way of reviews and testimonials prior to undertaking business with AKFX. Transparency and customer support responsiveness are two of the more critical areas when it comes to ascertaining any broker.

Conclusion

AKFX comes off as a trading broker operating in a rather competitive market, selling financial services. Due to the limitedness of publicly available data, it is not possible to perform a full analysis of its background, regulatory compliance, trading conditions, and fees. Because of this, prospective traders should approach AKFX with caution, giving priority to thorough research and verification. While AKFX may provide standard trading platforms and conditions consistent with industry norms, transparency remains a critical factor. As always, one should choose the broker based on clear regulatory status, competitive fees, robust trading technology, and positive user feedback.

Regulation check

Regulatory Licenses

AKFX is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Malta Financial Services Authority C 60473

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
Malta
Authority strength
Tier 2
Licence type
Market Making(MM)
Not yet checked on the register

Client protection under this licence

  • Compensation schemeUp to €20000 (ICF)
  • Negative balance protection
  • Complaints routeMFSA Complaints Office
  • Maximum leverage1:30

These are the rules MFSA sets for the firms it licenses. They are not a statement about how AKFX applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

2 account types on record. Minimum deposit from € 30. Leverage up to 1:301.

2 account types
AccountMin DepositLeverageCommission
Standard€ 301:301Not recorded
PremiumVIP€ 25,0001:301Not recorded
Account names and conditions as published by AKFX, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

7 ways to fund an account. 7 with no deposit fee. 5 credit instantly.

7 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer1FreeFreeNot recordedNot recordedNot recorded1 day
Credit/Debit CardCredit Card
Some issuing banks may not allow credit/debit card deposits; accepted in most regions.
FreeFreeNot recordedNot recordedNot recordedInstant
Skrill, NetellerE-Wallet
Some e-wallets may charge their own fees; accepted in most regions.
FreeFreeNot recordedNot recordedNot recordedInstant
Bitcoin, TetherCryptocurrency
Clients should be aware of network fees associated with cryptocurrency transactions; accepted in most regions.
FreeFreeUSD 100USD 200USD 1,000,000Instant
International Bank Wire TransferWire Transfer1FreeUSD 34USD 100USD 200USD 1,000,0002 days
STICPAYE-Wallet
Clients should be aware of any fees associated with STICPAY transactions; accepted in most regions.
FreeFreeUSD 100USD 200USD 1,000,000Instant
PeskaE-Wallet
Clients should be aware of any fees associated with Peska transactions; accepted in most regions.
FreeFreeUSD 100USD 200USD 1,000,000Instant

Broker's notes on these methods

  1. Clients responsible for any bank or intermediary fees; generally available worldwide. · applies to 2 methods
Fees, limits and processing times as published by AKFX, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: MetaTrader 5 and MetaTrader 4.

2 platforms
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Details
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Social channels

Social Presence

3 official channels on record.

3 channels
Channels as published by the broker, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about AKFX

Most Popular Questions
AKFX does not accept clients from the USA, North Korea, Iran, and other sanctioned countries. It primarily serves clients in Malta, the EU, and globally with some exceptions.
AKFX offers a maximum leverage of up to 1:2000. However, regulatory limits and account types may affect the actual leverage available to clients.
AKFX offers several funding methods including bank transfer, credit/debit cards, e-wallets like Skrill and Neteller, cryptocurrencies such as Bitcoin and Tether, and international wire transfers. Deposit fees are generally zero, but withdrawal fees may apply depending on the method.
AKFX supports MetaTrader 4 and MetaTrader 5 platforms, available on desktop, web, iOS, and Android devices. These platforms provide advanced trading tools for Forex, stocks, and futures.
AKFX is regulated by the Malta Financial Services Authority (MFSA), an onshore regulator in Malta. The broker holds a Market Making license and complies with EU regulations, offering client fund insurance up to €20,000.
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