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Where is the money I transfer actually held and how safe is it?All client money is held in segregated bank accounts in accordance with the stipulations of holding a broker dealer license, thus ensuring your money is always in safe hands. Please refer to the “How Do I Invest from my Bank Account” question for an overview of how payments are routed.
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Why is AFX regulated in Mauritius?The top three Tier 1 Forex regulatory jurisdictions are USA, Australia and the UK, however these jurisdictions limit gearing to 1:30. The top five Tier 2 Forex regulatory jurisdictions are Mauritius, Seychelles, Cyprus, Malta and Cayman. These five jurisdictions permit gearing up to 1:500, which is an essential element required in order to deliver the returns of the AFX strategies.
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Does AFX Markets have Professional Indemnity Cover?As a license holder, AFX are required to have Professional Indemnity Cover according to our activities and business risk, covering operational trading and Directors Insurance.
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Is AFX Markets Ltd the same company that was closed by the FCA in 2019?“afx Markets Ltd” is a business registered and regulated in Mauritius; * The company has never been registered in the UK, nor has it ever been regulated by the FCA. * Its LEI (Legal Entity Identifier) number is 875500KWEF5SGQGIC370 and was renewed in September 2024. * The company's activities are regulated by the Mauritius FSC (Financial Services Commission) and its license can be found here. * The registration and regulatory status of the company can be checked here. “AFX MARKETS LTD” is a business registered in the UK; * The company has never been registered in Mauritius nor regulated by the Mauritius FSC. * Its regulated permissions were withdrawn by the FCA in August 2019. * Its LEI (Legal Entity Identifier) number is 213800NTN3B4J39ONR32 but lapsed in 2019. * The registration and regulatory status of the company can be checked here. The UK registered company called “AFX MARKETS LTD” that was wound up in 2019 is a completely different entity from the Mauritius registered company called “afx Markets Ltd”. * On the Companies House entry for the UK business (https://find-and-update.company-information.service.gov.uk/company/07612002) you will see that the company was formed in 2011, many years before afx Markets Ltd. * You will also see that the directors listed for the UK business (https://find-and-update.company-information.service.gov.uk/company/07612002/officers are in no way connected to Lee Plaister (AFX CEO) or any other officers of the Mauritius registered business. It is not the same company. You can view our Certificate of Legal Entity Identifier here.
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How risky is AFX relative to crypto?Forex trading is arguably riskier than stockmarket investment, but certainly less risky and volatile than cryptocurrencies. The key to creating a balanced investment portfolio is to diversify within different assets classes to ensure non-correlated returns and appropriate risk control.
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How should AFX fit within an investment strategy?The AFX Diversified Fund should be no more than 10-20% of an overall investment portfolio. To further minimize risk, you should also make sure that the currency of the strategy you choose aligns with your base currency profile. Depending on your investment experience, you should aim to create an investment portfolio that includes a diverse range of asset classes (cash, real estate, managed funds, forex, crypto etc). This will ensure non-correlated returns that will deliver growth opportunities overall, whilst limiting the potential for capital loss. AFX are licensed to provide advice on our strategies, we do not offer holistic financial advice. For guidance on your overall portfolio strategy, you should seek advice from a Wealth Management company or financial adviser.
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Balance vs EquityBalance: The sum of all deposits made into the account, plus profits or losses from closed trading positions. It does not include the impact of any currently open trading positions. Equity: The real-time value of the account, calculated as the Balance adjusted by the value of any open trading positions. Since positions are often temporarily negative before approaching their take-profit targets, the Equity figure is typically lower than the Balance.
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Sharpe Ratio (MyFXBook)The Sharpe ratio displayed on MyFXBook is calculated on a per-trade basis rather than using the traditional time-based portfolio approach. As a result, it shows a much lower figure, making it highly unlikely for any MyFXBook account to display a Sharpe ratio close to, or above 1. However, using a traditional time-based approach, we calculate that the Medium Risk Strategy regularly achieves a Sharpe ratio above 1, while the High Risk and High Risk Plus strategies consistently reach values above 2. Clients who wish to calculate a traditional Sharpe ratio can extract the necessary data from our MyFXBook account and apply their preferred method, as multiple valid approaches exist depending on the chosen parameters.
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What is the "High-Water Mark" rule?At AFX, in the event of one of the individual trading strategies experiencing a substantial loss, the High-Water Mark rule ensures that performance fees are only reinstated when the fund achieves profits that surpass its previous high-water mark. The High-Water Mark rule protects investors by ensuring they only pay performance fees when the strategy generates net positive returns to its historical peak. This prevents fund managers from earning fees during periods of recovery after losses until the investor's account has achieved new gains.
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What client support do AFX provide?AFX offer full investor support through support@how2afx.com and admin@afx.com. You can also call +351 913 720 141 or +351 968 920 990.

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