What Account Types and Fees Does AFC Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner and intermediate traders |
Low spreads, user-friendly interface, educational resources |
Ideal for small-capital practice |
| Professional Account |
Experienced traders and institutional clients |
High leverage, advanced trading tools, lower spreads |
Requires verified trading volume qualifications |
| Corporate Account |
Corporate clients and businesses |
Customized services, multi-user access, dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking swap-free options |
No overnight interest, compliant with Sharia law |
Available upon request and verification |
| Demo Account |
All trader levels |
Practice environment, virtual funds, access to all trading features |
Suitable for testing strategies without risk |
Account Opening Process
To open an account with AFC, follow these steps: First, submit your personal, employment, and financial information through the online application form. This includes basic identification details such as your name, address, and contact information. Next, complete identity verification by providing a valid ID and proof of address. Once your documents are verified, you can start trading. Additionally, accounts can be flexible; for instance, you have the option to upgrade to a professional account later on, provided you meet the necessary trading volume requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for popular pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock volatility |
| CFDs (Indices) |
0.5% |
$3 per lot |
Includes major global indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Additional costs may include deposit and withdrawal fees, which vary based on the chosen payment method. Inactivity fees may apply if no trading activity occurs for an extended period. There might be platform usage fees depending on the account type, along with overnight interest (swap rates) for positions held past the trading day. Currency conversion fees could also apply when trading in different currencies.
