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AKFX Financial Services Limited
AKFX
Malta
Pyramid scheme complaint
Expose
Benchmark | -- |
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Maximum Leverage | 30:1 |
Minimum Deposit | €200 |
Minimum Spread | -- |
Products | -- |
Currency | -- |
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Minimum Position | 0.01 Lots |
Supported EA | |
Depositing Method | (3+) Skrill Bank transfer |
Withdrawal Method | (2+) Bank transfer |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 30:1 |
Minimum Deposit | €25,000 |
Minimum Spread | -- |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 Lots |
Supported EA | |
Depositing Method | (3+) Skrill Bank transfer |
Withdrawal Method | (2+) Bank transfer |
Commission | €6/lot |
Capital
$(USD)
Aspect | Information |
Company Name | AKFX |
Registered Country/Area | Malta |
Founded Year | 2005 |
Regulation | MFSA |
Market Instruments | Forex, Indices, Stocks, Commodities, Cryptocurrency |
Account Types | Standard, Pro-Leverage, VIP, ECN Zero |
Minimum Deposit | Standard: None, Pro-Leverage: None, VIP: $2000, ECN Zero: $500 |
Maximum Leverage | Up to 2000:1 |
Spreads | Standard: From 1.2 pips, Pro-Leverage: From 1.2 pips, VIP: From 0.6 pips, ECN Zero: From 0.0 pips |
Trading Platforms | MetaTrader 4, MetaTrader 5 |
Demo Account | Available |
Customer Support | Phone, Email at support_int@trive.com |
Deposit & Withdrawal | Credit Card, Electronic Payment, Local Bank Transfer, Digital Asset |
Educational Resources | Comprehensive educational materials covering various topics |
AKFX, established in 2005 and headquartered in Malta, offers a diverse range of trading instruments including Forex, Indices, Stocks, Commodities, and Cryptocurrency. Regulated by the Malta Financial Services Authority (MFSA), AKFX provides traders with four account types: Standard, Pro-Leverage, VIP, and ECN Zero, each tailored to different trading styles.
Notably, there's no minimum deposit requirement for the Standard and Pro-Leverage accounts, while the VIP account requires a $2000 deposit and the ECN Zero account requires $500. With maximum leverage of up to 2000:1, AKFX aims to empower traders with flexible trading options. The spreads vary across account types, starting from as low as 0.0 pips for the ECN Zero account.
Traders can access the MetaTrader 4 and MetaTrader 5 platforms for trading experiences, with a demo account available for practice. Customer support is provided via phone and email channels, while deposit and withdrawal options include Credit Card, Electronic Payment, Local Bank Transfer, and Digital Asset transactions. Additionally, AKFX offers comprehensive educational resources covering various topics to support traders of all levels in navigating the financial markets effectively.
Pros | Cons |
Diverse range of trading instruments | Current status marked as “Suspicious Clone” |
Multiple account types available | Minimum deposit required for VIP and ECN Zero |
High maximum leverage (up to 2000:1) | Spreads vary across different account types |
Comprehensive educational resources | Limited customer support options |
Pros:
Diverse range of trading instruments: AKFX offers a wide variety of trading instruments including Forex, Indices, Stocks, Commodities, and Cryptocurrency. This diversity provides traders with ample opportunities to diversify their portfolios and explore different markets.
Multiple account types available: AKFX satisfies various trading styles and preferences by offering multiple account types such as Standard, Pro-Leverage, VIP, and ECN Zero. Each account type is designed to accommodate different trading strategies and capital requirements, allowing traders to choose the one that best suits their needs.
High maximum leverage (up to 2000:1): AKFX offers a high maximum leverage ratio of up to 2000:1, providing traders with the potential to amplify their trading capital and increase their exposure to the financial markets. This high leverage can be advantageous for experienced traders looking to maximize their profit potential.
Comprehensive educational resources: AKFX provides traders with a wealth of educational materials covering various topics such as market fundamentals, technical analysis, risk management, and trading psychology. These resources empower traders of all levels to enhance their knowledge and skills, ultimately improving their trading performance.
Cons:
Current status marked as “Suspicious Clone”: There is a concern regarding AKFX's current status, as it is marked as a “Suspicious Clone”. This raise questions about the platform's legitimacy and trustworthiness, potentially causing hesitation among traders.
Minimum deposit required for VIP and ECN Zero: While the Standard and Pro-Leverage accounts have no minimum deposit requirement, the VIP account requires a minimum deposit of $2000 and the ECN Zero account requires $500. This poses a barrier to entry for some traders who prefer accounts with lower initial deposit requirements.
Spreads vary across different account types: The spreads offered by AKFX vary across different account types. While some accounts offer tighter spreads, others have wider spreads, potentially affecting trading costs and profitability for traders.
Limited customer support options: AKFX provides limited customer support options, primarily offering support through phone and email channels. While these channels be sufficient for some traders, others prefer additional support options such as live chat or dedicated account managers for more immediate assistance.
The regulation information of AKFX indicates that it is purportedly regulated by the Malta Financial Services Authority (MFSA). However, it's crucial to note that the current status is marked as “Suspicious Clone,” suggesting potential irregularities or concerns regarding the authenticity of the regulatory claim. The license type is listed as Market Making (MM), and it is supposedly regulated by Malta, with a license number provided as C 60473.
AKFX offers a comprehensive range of trading instruments satisfying diverse investment preferences and strategies..
For those inclined towards forex trading, Trive provides access to over 300 currency pairs, ensuring deep liquidity, rapid order execution, and expert customer support.
Additionally, traders can engage in CFD trading on popular indices like the Dow Jones Index and GER40, enabling them to capitalize on both upward and downward price movements.
Share trading enthusiasts can access CFDs on stocks of large corporations, offering the opportunity to profit from market fluctuations while mitigating risks such as bankruptcy.
Moreover, traders can diversify their portfolios through asset trading in commodities, whether in hard or soft forms, thereby enhancing risk management capabilities.
For those seeking exposure to the dynamic cryptocurrency markets, Trive facilitates trading in various digital assets, harnessing their high volatility and deep liquidity.
With AKFX, traders can seamlessly access over 1,000 products, benefitting from competitive prices and swift execution, ensuring an enriching trading experience.
AKFX offers four distinct account types tailored to accommodate various trading styles and preferences, ensuring every trader can thrive in their chosen market.
The Standard account is designed for traders seeking a balanced approach, offering leverage of up to 2000:1 and spreads starting from 1.2 pips, with no minimum deposit requirement or commission fees.
For those who prefer greater flexibility in leverage, the Pro-Leverage account provides unlimited leverage alongside competitive spreads and no minimum deposit or commission charges.
The VIP account meets seasoned traders looking for enhanced trading conditions, featuring leverage of up to 2000:1, typical spreads as low as 0.6 pips, and a minimum deposit of $2000, with no commission fees.
Lastly, the ECN Zero account is ideal for traders focused on low-cost trading, offering leverage of up to 2000:1, spreads starting from 0.0 pips, a minimum deposit of $500, and a nominal commission of $10 per lot traded.
Each account type is meticulously crafted to meet the diverse needs of traders, ensuring they can execute their strategies with precision and confidence on the AKFX platform.
Opening an account with AKFX is a straightforward process that can be completed in just a few simple steps:
1. Visit AKFX Website:
Go to the official AKFX website (https://www.trive.com/int/) and locate the “Open an Account” section.
2. Choose Account Type:
Select the account type that best suits your trading preferences and objectives from the available options.
3. Complete Registration Form:
Fill out the registration form with accurate personal information, including your name, email address, contact details, and any other required details.
4. Verify Identity and Fund Account:
Verify your identity as per AKFX's verification process and fund your account with the minimum required deposit amount using the available payment methods.
The maximum leverage offered by AKFX is up to 2000:1, allowing traders to amplify their trading capital and potentially increase their exposure to the financial markets. This high leverage ratio enables traders to open positions with a nominal margin requirement, thereby potentially maximizing their profit potential. However, it's crucial for traders to understand the risks associated with high leverage, as it can also magnify losses if not managed effectively. AKFX provides traders with the flexibility to adjust their leverage according to their risk tolerance and trading strategies, ensuring a customizable trading experience.
AKFX offers competitive spreads and flexible commission structures across its range of trading instruments. The spreads, starting from as low as 0.0 pips for certain account types like the ECN Zero account, ensure that traders can access tight pricing and potentially lower trading costs.
Additionally, AKFX provides transparent information regarding commissions, with some account types offering commission-free trading while others have nominal commission fees per lot traded, such as the $10 per lot commission for the ECN Zero account. This transparent fee structure allows traders to accurately assess their trading costs and make informed decisions.
Overall, AKFX strives to provide traders with cost-effective trading conditions, ensuring they can execute their strategies efficiently while maximizing their trading potential.
Account Type | Spreads | Commission |
Standard | From 1.2 pips | No commission |
Pro-Leverage | From 1.2 pips | No commission |
VIP | From 0.6 pips (typical) | No commission |
ECN Zero | From 0.0 pips | $10 per lot traded |
AKFX provides traders with access to industry-leading trading platforms and tools to facilitate a customizable trading experience. The primary platform offered is MetaTrader, renowned for its extensive user base and robust features. With MetaTrader, traders can enjoy a user-friendly interface that is easily navigable on both mobile and desktop devices, ensuring flexibility and convenience in trading.
MetaTrader 4 (MT4) stands out as a sophisticated trading application, equipped with a diverse array of tools and features tailored to meet the needs of traders. It offers comprehensive analytical tools, customizable charting capabilities, and a wide range of technical indicators, empowering traders to conduct in-depth analysis and execute trades with precision.
For traders seeking an enhanced trading experience, AKFX also offers MetaTrader 5 (MT5), which boasts a smooth and intuitive user interface. MT5 provides traders with the flexibility to fully customize their trading environment according to their preferences, allowing them to trade and analyze the markets in the way that best suits their individual trading style.
AKFX offers a range of premier payment solutions for both deposits and withdrawals, ensuring convenient and efficient transactions for traders. Traders can choose from various funding options, including credit cards, electronic payment methods, local bank transfers, and digital assets.
Credit card payments are accepted via Visa and Mastercard in all popular currencies, with no additional fees imposed by AKFX. Electronic payment options such as Neteller, Skrill, and Sticpay support transactions in USD and EUR currencies, also with no fees charged.
For traders preferring local bank transfers, AKFX facilitates transfers from local bank to local bank in currencies such as INR, CNY, THB, VND, KRW, and TWD, with no associated fees. Additionally, traders can fund their accounts using digital assets like USDT, which are supported in ERC20 and TRC20 formats, with no fees applied.
Here's a table summarizing the payment methods and associated fees offered by AKFX:
Payment Method | Funding option | Available Currencies | Fees |
Credit Card | Visa | All popular currencies | No fee |
Master | All popular currencies | No fee | |
Electronic Payment | |||
Neteller | USD, EUR | No fee | |
Skrill | USD, EUR | No fee | |
Sticpay | USD, EUR | No fee | |
Local Bank Transfer | |||
Local Bank to local bank | INR, CNY, THB, VND, KRW, TWD | No fee | |
Digital Asset | |||
USDT | ERC20, TRC20 | No fee |
AKFX prioritizes providing exceptional customer support to assist traders with their inquiries, technical issues, and account management needs. Traders can access support through multiple channels, including phone and email, ensuring accessibility and responsiveness.
For immediate assistance, traders can reach AKFX's customer support team via phone. Three phone numbers are provided, including +44 1460944002, +400 842 7771, and +91 1800 270 4273, offering international coverage and toll-free options. This allows traders to connect with support representatives promptly, addressing their concerns or queries efficiently.
In addition to phone support, traders can also communicate with AKFX's customer support team via email. The designated email address for support inquiries is support_int@trive.com. This channel provides traders with the flexibility to submit detailed inquiries, receive timely responses, and maintain a written record of their interactions with the support team.
AKFX is committed to empowering traders with the knowledge and skills necessary to navigate the financial markets effectively. To support this goal, AKFX offers a diverse range of educational resources designed to satisfy traders of all levels, from beginners to experienced professionals.
For novice traders looking to build a solid foundation in trading, AKFX provides comprehensive educational materials covering essential topics such as market fundamentals, technical analysis, risk management, and trading psychology. These resources include articles, tutorials, video tutorials, and accessible and digestible insights into various aspects of trading.
For intermediate traders seeking to deepen their understanding and refine their trading strategies, AKFX offers advanced educational resources focused on specialized topics such as advanced technical analysis techniques, trading strategies, market indicators, and trading tools. These resources are designed to help traders develop a more nuanced approach to trading and capitalize on market opportunities effectively.
Furthermore, AKFX recognizes the importance of staying informed about market developments and trends. As such, the platform provides regular market analysis, news updates, and commentary from industry experts to help traders stay abreast of market dynamics and make informed trading decisions.
In conclusion, AKFX presents traders with a mixed bag of advantages and disadvantages. On one hand, it offers a diverse range of trading instruments, multiple account types to satisfy different trading styles, high maximum leverage, and comprehensive educational resources.
However, concerns arise due to its current status marked as a “Suspicious Clone,” and there are minimum deposit requirements for VIP and ECN Zero accounts. Additionally, the variability in spreads across different account types and limited customer support options hinder the trading experience for some users.
Overall, while AKFX provides opportunities for traders to diversify their portfolios and enhance their trading skills, potential traders should consider these drawbacks before engaging with the platform.
Q: What trading instruments are available on AKFX?
A: AKFX offers a variety of assets for trading, including forex, indices, stocks, commodities, and cryptocurrencies.
Q: How many account types does AKFX offer?
A: AKFX provides traders with a selection of four distinct account types to accommodate different trading preferences and strategies.
Q: What is the maximum leverage offered by AKFX?
A: Traders on AKFX can access leverage of up to 2000:1 to amplify their trading capital and potentially increase their exposure to the financial markets.
Q: Are there any minimum deposit requirements for AKFX?
A: While there is no minimum deposit required for the Standard and Pro-Leverage accounts, the VIP account requires a minimum deposit of $2000, and the ECN Zero account requires a minimum deposit of $500.
Q: What trading platforms are available on AKFX?
A: AKFX offers access to MetaTrader 4 and MetaTrader 5, two industry-leading trading platforms known for their user-friendly interfaces and robust features.
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