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afx group

Cyprus

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

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--/60

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Regulated

Recommended

XM

(69 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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Company Information

Get to know afx group

Established in 2011, AFX Group operated as a global financial services company with key entities regulated by the FCA in the UK and CySEC in Cyprus. Through its brands, most notably AFX Markets and STO (Super Trading Online), it provided a range of trading services for Forex and CFDs to a diverse client base. However, the group's operations ceased in 2019 when its major regulated entities faced severe regulatory action, leading to the UK firm entering special administration and the Cypriot firm's license being permanently withdrawn.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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News

TrustFinance Intelligence Agency

Research date: May 14, 2026

AFX Group has launched Quantic Prime, a new prime brokerage venture in collaboration with IBANFIRST, aimed at both retail and institutional markets. This initiative is supported by a partnership with SmartTrade to enhance connectivity and order routing workflows. The project has also seen the onboarding of Arnaud Clerisse from HSBC, who brings significant expertise to the team. The COO of AFX Group highlighted this move as a natural progression to enhance their service offerings.

AFX Group has launched Quantic Prime, a new prime brokerage venture in collaboration with IBANFIRST, aimed at both retail and institutional markets. This initiative is supported by a partnership with SmartTrade to enhance connectivity and order routing workflows. The project has also seen the onboarding of Arnaud Clerisse from HSBC, who brings significant expertise to the team. The COO of AFX Group highlighted this move as a natural progression to enhance their service offerings.

Customers of AFX Markets may receive compensation from the UK Financial Services Compensation Scheme (FSCS) for losses suffered. The FSCS is reviewing claims case-by-case and customers can submit claims online. AFX Markets has faced regulatory issues and ceased regulated activities since July 2019, leading to the appointment of special administrators to manage client funds. AFX Markets, authorized by the FCA since 2012, has approximately 1,200 customers and manages around £7.5 million in client money.

Customers of AFX Markets may receive compensation from the UK Financial Services Compensation Scheme (FSCS) for losses suffered. The FSCS is reviewing claims case-by-case and customers can submit claims online. AFX Markets has faced regulatory issues and ceased regulated activities since July 2019, leading to the appointment of special administrators to manage client funds. AFX Markets, authorized by the FCA since 2012, has approximately 1,200 customers and manages around £7.5 million in client money.

MBA Forex International, in partnership with AFX Group UK and Fintec Global Markets, aims to enhance the forex market in Nigeria by providing a secure platform and advocating for the naira to be quoted in the forex market. During a financial investors summit in Lagos, CEO Maxwell Odum emphasized the need for financial stability and opportunities for Nigerians. Experts at the summit urged government regulation to protect investors and ensure a stable market, highlighting the importance of proper information and guidance for potential investors in forex trading.

MBA Forex International, in partnership with AFX Group UK and Fintec Global Markets, aims to enhance the forex market in Nigeria by providing a secure platform and advocating for the naira to be quoted in the forex market. During a financial investors summit in Lagos, CEO Maxwell Odum emphasized the need for financial stability and opportunities for Nigerians. Experts at the summit urged government regulation to protect investors and ensure a stable market, highlighting the importance of proper information and guidance for potential investors in forex trading.

The Cyprus Securities and Exchange Commission (CySEC) has temporarily suspended the license of AFX Capital Markets for ten days due to compliance issues related to client money rules. This decision follows a previous settlement concerning misleading marketing materials. During the suspension, AFX cannot accept new clients or conduct investment services, and must address compliance concerns within the specified period. The firm is cooperating with the regulator to resolve the situation.

The Cyprus Securities and Exchange Commission (CySEC) has temporarily suspended the license of AFX Capital Markets for ten days due to compliance issues related to client money rules. This decision follows a previous settlement concerning misleading marketing materials. During the suspension, AFX cannot accept new clients or conduct investment services, and must address compliance concerns within the specified period. The firm is cooperating with the regulator to resolve the situation.

The Cyprus Securities Exchange Commission (CySEC) has withdrawn the license of AFX Capital Markets Ltd due to non-compliance with regulatory standards. The company violated multiple sections of the Investment Services and Activities and Regulated Markets Law, particularly regarding governance and the management of client funds. Administrative fines were imposed on the company's executives and auditors for failing to ensure the accuracy of reports submitted to CySEC.

The Cyprus Securities Exchange Commission (CySEC) has withdrawn the license of AFX Capital Markets Ltd due to non-compliance with regulatory standards. The company violated multiple sections of the Investment Services and Activities and Regulated Markets Law, particularly regarding governance and the management of client funds. Administrative fines were imposed on the company's executives and auditors for failing to ensure the accuracy of reports submitted to CySEC.

Provided by TrustFinance AI Analysis

News

TrustFinance Intelligence Agency

Research date: May 14, 2026

AFX Group has launched Quantic Prime, a new prime brokerage venture in collaboration with IBANFIRST, aimed at both retail and institutional markets. This initiative is supported by a partnership with SmartTrade to enhance connectivity and order routing workflows. The project has also seen the onboarding of Arnaud Clerisse from HSBC, who brings significant expertise to the team. The COO of AFX Group highlighted this move as a natural progression to enhance their service offerings.

Customers of AFX Markets may receive compensation from the UK Financial Services Compensation Scheme (FSCS) for losses suffered. The FSCS is reviewing claims case-by-case and customers can submit claims online. AFX Markets has faced regulatory issues and ceased regulated activities since July 2019, leading to the appointment of special administrators to manage client funds. AFX Markets, authorized by the FCA since 2012, has approximately 1,200 customers and manages around £7.5 million in client money.

MBA Forex International, in partnership with AFX Group UK and Fintec Global Markets, aims to enhance the forex market in Nigeria by providing a secure platform and advocating for the naira to be quoted in the forex market. During a financial investors summit in Lagos, CEO Maxwell Odum emphasized the need for financial stability and opportunities for Nigerians. Experts at the summit urged government regulation to protect investors and ensure a stable market, highlighting the importance of proper information and guidance for potential investors in forex trading.

The Cyprus Securities and Exchange Commission (CySEC) has temporarily suspended the license of AFX Capital Markets for ten days due to compliance issues related to client money rules. This decision follows a previous settlement concerning misleading marketing materials. During the suspension, AFX cannot accept new clients or conduct investment services, and must address compliance concerns within the specified period. The firm is cooperating with the regulator to resolve the situation.

The Cyprus Securities Exchange Commission (CySEC) has withdrawn the license of AFX Capital Markets Ltd due to non-compliance with regulatory standards. The company violated multiple sections of the Investment Services and Activities and Regulated Markets Law, particularly regarding governance and the management of client funds. Administrative fines were imposed on the company's executives and auditors for failing to ensure the accuracy of reports submitted to CySEC.

Provided by TrustFinance AI Analysis

afx group

XM

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