Score
AF index
Pakistan|5-10 years| https://www.af-index.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Pakistan
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed AF index also viewed..
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Website
af-index.com
Server Location
United States
Website Domain Name
af-index.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2020-04-08
Server IP
172.67.71.49
-
afindex.net
Server Location
Hong Kong
Website Domain Name
afindex.net
Server IP
47.75.78.113
Company Summary
Note: Regrettably, the official website of AF index, namely https://www.af-index.com/, is currently experiencing functionality issues.
| AF index Review Summary | |
| Registered Country/Region | Pakistan |
| Regulation | NFA (Unauthorized) |
| Market Instruments | Crypto, Forex, Indices |
| Leverage | 1:400 |
| EUR/ USD Spread | N/A |
| Trading Platforms | MT4 |
| Minimum Deposit | $100 |
| Customer Support | Email: support@afindex.net |
What is AF index？
AF index, a trading platform offering services to traders in Pakistan, specializing in crypto, forex, and indices trading with a leverage of up to 1:400. It provides MT4 for trading with the minimum deposit of $100. However, NFA lists AF index as unauthorized, raising concerns about the platform's compliance and legitimacy.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
| Pros | Cons |
| N/A |
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Cons:
- Regulatory Concerns: AF index's regulatory status is marked as unauthorized by the National Futures Association (NFA) and is categorized as abnormal, raising significant regulatory red flags. This lack of proper regulation can potentially pose risks to traders' funds and overall trading experience.
- Withdrawal Difficulties: Reports of withdrawal difficulties associated with AF index have been highlighted, indicating potential challenges in accessing funds. This factor can greatly impact traders' confidence and overall experience with the platform.
- Inaccessible Official Website: The unavailability of the official AF index website adds to the apprehension surrounding the platform's dependability, raising questions about transparency and the ability to access essential information and support resources.
Is AF index Safe or Scam？
AF index claims it is regulated by NFA. However, the National Futures Association (NFA) with license number 0535166 holds a Common Financial Service License, but its regulatory status is currently categorized as abnormal, specifically marked as unauthorized. This signifies a serious warning regarding the legitimacy and compliance of the organization.
Furthermore, the inaccessibility of their official website adds to the apprehension surrounding the dependability of their trading platform. These compounding issues significantly elevate the level of risk involved in any investments related to the AF index.
Market Instruments
The trading instruments offered by AF index comprise a diverse range of financial products, including cryptocurrencies, forex (foreign exchange), and indices.
- Cryptocurrencies: AF index provides the opportunity to trade a variety of cryptocurrencies, allowing investors to participate in the dynamic and rapidly evolving digital asset market. The availability of cryptocurrencies such as Bitcoin, Ethereum, Ripple, and others offers traders the potential for diversification and exposure to the burgeoning cryptocurrency sector.
- Forex (Foreign Exchange): The forex market is a cornerstone of global trading, involving the exchange of different currencies. AF index's inclusion of forex trading enables participants to engage in the buying and selling of currency pairs, taking advantage of fluctuations in exchange rates to potentially generate profits. This market offers extensive liquidity, diverse trading opportunities, and operates around the clock, allowing for flexibility in trading activities across different time zones.
- Indices: AF index also provides access to trading indices, which represent a basket of stocks or other assets and are used as a benchmark to measure the performance of a specific sector or market. By offering trading opportunities in indices, AF index allows investors to gain exposure to a broad array of assets within a particular market segment, such as technology, healthcare, or energy.
Leverage
AF index offers a maximum leverage of 1:400, allowing traders to control a larger position with a smaller amount of capital. Leverage enables investors to magnify their potential returns on an investment, as a comparatively small price movement can lead to a proportionally larger gain or loss, depending on the direction of the trade. While high leverage can indeed result in significant profits, it also introduces elevated levels of risk.
Trading Platforms
AF index provides the popular MetaTrader 4 (MT4) trading platform to its clients, offering a comprehensive and user-friendly interface for executing trades in the cryptocurrency, forex, and indices markets. MT4 is renowned for its robust features, advanced charting tools, customizable indicators, and automated trading capabilities, making it a preferred choice among traders of all experience levels.
The AF index trading platform on MT4 enables users to access real-time market data, analyze price movements, and place trades efficiently. Traders can monitor multiple assets simultaneously, execute diverse order types, and implement various trading strategies through the platform's intuitive interface. Additionally, MT4 supports algorithmic trading through Expert Advisors (EAs), allowing traders to automate their trading decisions based on predefined parameters.
Deposits & Withdrawals
AF index facilitates the seamless deposit and withdrawal of funds through credit card transactions, providing clients with a convenient and widely used method for managing their trading accounts. Upon registration with AF index, clients can securely and efficiently fund their accounts by using major credit cards, such as Visa, Mastercard, or other supported card networks.
User Exposure on WikiFX
Please ensure that you carefully examine the reports on our website regarding instances of withdrawal difficulties. We encourage you to visit our platform to access the necessary information. In the event that you encounter fraudulent brokers or have fallen victim to their practices, we kindly request that you inform us through the Exposure section. Your cooperation is greatly appreciated, and our team of experts will make every effort to assist you in resolving the issue.
Customer Service
Customers canmget in touch with customer service line using the information provided below:
Email: support@afindex.net
Conclusion
In conclusion, AF index presents a combination of potential market access and leverage opportunities for traders in Pakistan. However, the platform's unauthorized regulatory status, reported withdrawal difficulties, and the inaccessibility of its official website raise significant concerns regarding its trustworthiness and reliability. Traders are advised to approach AF index with caution.
Frequently Asked Questions (FAQs)
| Q 1: | Is AF index regulated by any financial authority？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | How can I contact the customer support team at AF index？ |
| A 2: | You can contact via email: support@afindex.net. |
| Q 3: | What platform does AF index offer？ |
| A 3: | It offers MT4. |
| Q 4: | What is the minimum deposit for AF index？ |
| A 4: | The minimum initial deposit to open an account is $100. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 19
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FX1305625852
Malaysia
I tried to withdraw in February but it asked me to pay 20% personal taxes. But they did not approve my application or reply my email anymore.
Exposure
2021-09-17
momo4143
Canada
When I wanted to make a withdrawal, they asked me to pay 22% tax. Then they froze my account by saying the money came from two different sources and asked me to pay 10% deposit in order to unfreeze my account. Once I paid that, they stopped responding to me!
Exposure
2021-05-16
3218817
Hong Kong
The fraud will chat with u by Instagram and induce u to deposit funds in 111 in which you are unable to withdraw. 50% margin will be required if you apply for withdrawal
Exposure
2021-03-03
Elf1234
United States
And they will block you account.
Exposure
2021-02-26
Elf1234
United States
Tax was needed when you apply for withdrawal. And the customer service said my appilication would be reviewed, and it cost 1-4 days. But it hasn't been finished yet. The customer service juat ignored me, too.
Exposure
2021-02-22
FX1191678833
United States
My experience with this platform hasn't been fair, I registered successfully with no glitch, made deposit successfully but when it came to withdrawal, I began to face different problems. At first, i was told to make more deposit before my money could be processed, which I did but to no avail, i was later told that i wasn't eligible for withdrawal. This made me open a scam case with financialrecovery.tech and they were forced to refund my initial deposit first and then the profit that was accrued to my account. AF index limited is one of the most dishonest Financial companies I have ever come across and i hope their tactics are completely exposed.
Exposure
2021-02-21
FX1191678833
United States
My experience with this platform hasn't been fair, I registered successfully with no glitch, made deposit successfully but when it came to withdrawal, I began to face different problems. At first, i was told to make more deposit before my money could be processed, which I did but to no avail, i was later told that i wasn't eligible for withdrawal. This made me open a scam case with financialrecovery.tech and they were forced to refund my initial deposit first and then the profit that was accrued to my account. AF index limited is one of the most dishonest Financial companies I have ever come across and i hope their tactics are completely exposed.
Exposure
2021-02-19
Elf1234
United States
I registered in AF index ande deposited XAU/USD in December 2020. I deposited $45,000 in total. And I profited under the guidance of the net friend. But when I applied for a withdrawal, I was required of individual income tax.I failed even if I had paid the tax. The customer service hasn't replied to me anymore.
Exposure
2021-02-18
Elf1234
United States
Require taxes before withdrawing funds. The customer service asked me to wait for their email after I had paid the taxes. I haven’t received their notice yet.
Exposure
2021-02-17
FX3992142500
Germany
I am an overseas Chinese who has lived in Germany for 30 years. On October 27th last year, I met a Chinese named Li Kaiwen on Instagram. He likes to do charity just like me, so we had good conversations. He once told me that his uncle was a senior financial analyst and asked me if I wanted to invest in gold. He asked me to download MT4 first and do gold trading on the platform AF index. The customer service of AF index used what’s App to contact me. Li taught me the operation on the spot. As a result, I made more than 10,000 US dollars in my first transaction. He said that when the two of us make money, we will do charity together to help those in need. So I remitted a total of 300,000 Euros from Germany to an account in Lithuania, and later another RMB 1.8 million from ICBC to different banks in China. A total of RMB 4 million. In mid-December, I wanted to withdraw money, but I couldn't. AF index said that I made a total of more than USD 1 million. According to Hong Kong law, I must pay a profit tax of 18% before I can withdraw the money. I feel I have been deceived. I hope that the relevant departments will strictly investigate this. I want to expose AF index’s online fraud on your platform, and hope that more innocent people will be careful not to fall for them.
Exposure
2021-02-09
3218817
Hong Kong
I applied for the first time to remind the RMB channel maintenance. After waiting for half a month, I was told that the frequency of withdrawal is high and I need to pay 50% of the balance as a deposit. I only applied for two withdrawals and it was still within the principal. Both they said that the RMB channel is maintained, and now margin is required.
Exposure
2021-01-09
CG辉
Hong Kong
Induce em to deposit funds with various reasons. There is $480,000 in total, including the profit. I wanna withdraw funds during the investment. But the platform prevented me from withdrawing funds on grounds that I didn’t finish the current phase. Now I’ve made it but I have to pay tax?? I don’t know this platform is actually from Hong Kong cuz it’s said that it is being regulated by American regulator. I opened an account via my friend from New Zealand. This is a bottomless hole.
Exposure
2021-01-07
FX3202768435
Spain
A guy who lies that he is in New York beguiles you into investing XAU/USD. At first, there are honeyed words and small profits to cheat you to invest more. And the, you can't withdraw funds!! What should I do? I just let them go?
Exposure
2020-11-28
Maybaby
Taiwan
Don’t expect high incomes.
Exposure
2020-11-20
rae
Canada
Some one added me with all sweet talks and made you believe and deposit money to AF index which could make profit with him. After you requested a withdraw, AF asked you to pay 23% tax to complete the withdraw and after I purposely decreased the profit. AF still declined the request and accused me of swiping. 杀猪盘！不要信！
Exposure
2020-11-16
FX3589707483
Vietnam
The guy add you on internet with handsome profile and try to get to know you, talk with you everyday, make you trust and like him. Then he say love you and want to build the future together. Then asked you register an account on the website : https://www.af-index.com/and ask you deposit money to trade. Later you wouldn't withdraw your money and he disappear Please be careful, because he used other's photos to impress you then convine you to deposit more money. I have cheated 10000$ an i am so hurt because we kept talking 5 months. i thought that that is true love . Please don't make same my mistakes and we have to do something to report and claim this platfrom.
Exposure
2020-11-14
FX2514401302
United States
Add you on the internet and use handsome man's photo. Induce you to register in AF index in the guise of experienced trader. I was almostly cheated, and then I found out that the guy used other's photos. Please pay attention to this! I am not going to put the photos here to protect portraiture right of the innocent person
Exposure
2020-11-09
啥啥
Germany
You can withdraw a small amount of money. But after you deposit more, your withdrawal can't be made on grounds of system maintenance. I can't withdraw. Please be vigilant, everyone. They said they would email us but they wouldn't. They even didn't ask for our email address. The communication service in Whatsapp is improved from $5,000 to $10,000 and now it's $20,000
Exposure
2020-11-04
viking12782
Russia
Someone said they would help you profit but in fact, what you invest in is a simulation tray. You can't witdhraw although you paid personal income tax and service fee. Scam!
Exposure
2020-11-03