In this section we will analyze the broker AFXBIT, is a cryptocurrency broker (which we assume, they trade as CFDs, since they do not specify it anywhere). Is AFXBIT really recommended to make an investment? Or is it better not to invest with this company?
We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.
Although the AFXBIT website is in Spanish, because the translation is wrong or confusing, we have decided to make the review taking into account the English version of the AFXBIT website.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: does not mention it.
As to its location, the broker mentions having base in: does not mention where it is based.
If we analyze the regulation of the broker: since AFXBIT does not mention absolutely anything about any regulation, everything indicates that it is a UNREGULATED broker.
If now we go on to analyze account types offered by AFXBIT, we note that it offers 6 types of account: the Basic Account, the Silver Account, the Gold Account, the Premium Account, the VIP Account and the Luxury Account.
Basic Account: minimum initial deposit of $ 200, free training, personal account manager, access to the AFXBIT platform, pop up alerts.
Silver Account: minimum initial deposit of $ 3.000, free training, personal account manager, access to the AFXBIT platform, pop up alerts.
Gold Account: Minimum initial deposit of $ 10.000, no commissions, leverage up to 1:30, market execution, maximum volume per position of 50 lots, free webinars.
Premium account: $ 30.000 minimum initial deposit, no commissions, up to 1:30 leverage, market execution, maximum volume per position of 50 lots, free webinars, personal customer service.
VIP account: $ 50.000 minimum initial deposit, no commissions, leverage up to 1:30, market execution, maximum volume per position of 50 lots, free webinars, personal customer service, express withdrawals, faster servers to trade.
LUXURY account: Minimum initial deposit of $ 100.000, more information, contact your account manager at AFXBIT.
You can see even more features about the AFXBIT broker account types (click aqui to see the image in full size) in the following image:
HR platforms to operate that AFXBIT offers are: we believe that AFXBIT's own (because they do not specify it).
We will now analyze the different resources and aids for traders that AFXBIT provides on its website.
AFXBIT provides the following help or resources to traders or interested parties: Basic explanation about cryptocurrencies, really not much more than this.
Other information about AFXBIT
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: 44 (203) 393-5637
Email address: [email protected]
>>> Assessment on AFXBIT <<
Ending with this section, in our opinion Do we believe that the AFXBIT company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: they provide very little information about them, they do not mention where they are based, they seem to be an unregulated company, they do not mention which company they belong to, in addition, we have not been able to find other companies. ratings or reviews about AFXBIT on the internet, which would indicate that it is a "new" company.
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