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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

Reviews

--/60

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2016

(10 years)

Security Information :

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ASIC

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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

AFX Group was a global financial services provider established in 2010. The group operated through several regulated entities, most notably AFX Capital Markets Ltd, authorized by the UK's FCA, and AFX Markets Ltd, authorized by Cyprus's CySEC. It offered online trading services across a range of asset classes, including forex, indices, commodities, and equities, through various trading brands such as STO (Super Trading Online) and Quantic. The company's mission was to provide a sophisticated and secure trading environment for its clients. However, the group faced severe financial difficulties, leading to its UK entity being placed into special administration in 2019 and the subsequent withdrawal of its licenses, effectively ceasing all operations.

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 service in partnership with IBANFIRST and SmartTrade, aiming to enhance its offerings in the competitive prime of prime sector. The initiative includes the onboarding of Arnaud Clerisse from HSBC to strengthen their team. The COO of AFX Group stated that this step was crucial for improving services and expanding their market presence.

AFX Group has launched Quantic Prime, a new prime brokerage service in partnership with IBANFIRST and SmartTrade, aiming to enhance its offerings in the competitive prime of prime sector. The initiative includes the onboarding of Arnaud Clerisse from HSBC to strengthen their team. The COO of AFX Group stated that this step was crucial for improving services and expanding their market presence.

Customers of AFX Markets Ltd may receive compensation from the UK Financial Services Compensation Scheme (FSCS) for losses suffered. The FSCS will review claims on a case-by-case basis and clients will be asked to submit claims online. AFX Markets was authorized by the FCA since 2012 but faced regulatory actions due to financial concerns, leading to the appointment of special administrators to manage client funds. The firm has approximately 1,200 customers and £7.5m of client money at stake.

Customers of AFX Markets Ltd may receive compensation from the UK Financial Services Compensation Scheme (FSCS) for losses suffered. The FSCS will review claims on a case-by-case basis and clients will be asked to submit claims online. AFX Markets was authorized by the FCA since 2012 but faced regulatory actions due to financial concerns, leading to the appointment of special administrators to manage client funds. The firm has approximately 1,200 customers and £7.5m of client money at stake.

MBA Forex International, along with partners 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's inclusion in forex trading. During a recent Financial Investors Summit in Lagos, CEO Maxwell Odum emphasized the importance of financial stability and opportunities for Nigerians. The summit also highlighted the need for government regulation to protect investors and ensure a stable market, as many brokers in Nigeria are unregulated. Experts at the summit discussed the challenges faced by Nigerian investors and the potential benefits of a regulated forex market.

MBA Forex International, along with partners 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's inclusion in forex trading. During a recent Financial Investors Summit in Lagos, CEO Maxwell Odum emphasized the importance of financial stability and opportunities for Nigerians. The summit also highlighted the need for government regulation to protect investors and ensure a stable market, as many brokers in Nigeria are unregulated. Experts at the summit discussed the challenges faced by Nigerian investors and the potential benefits of a regulated forex market.

The Cyprus Securities and Exchange Commission (CySEC) has temporarily suspended the license of AFX Capital Markets for ten days due to compliance issues regarding client money regulations. This decision follows a previous settlement related to misleading marketing information. During the suspension, AFX is not allowed to accept new clients or conduct business transactions, and must address compliance concerns raised by the regulator. Existing clients can still complete transactions based on prior instructions.

The Cyprus Securities and Exchange Commission (CySEC) has temporarily suspended the license of AFX Capital Markets for ten days due to compliance issues regarding client money regulations. This decision follows a previous settlement related to misleading marketing information. During the suspension, AFX is not allowed to accept new clients or conduct business transactions, and must address compliance concerns raised by the regulator. Existing clients can still complete transactions based on prior instructions.

The Cyprus Securities Exchange Commission (CySEC) has announced the withdrawal of AFX Capital Markets Ltd's license due to non-compliance with regulatory requirements. The company violated multiple sections of the Investment Services and Activities and Regulated Markets Law, leading to administrative fines for its executives and auditors. The penalties include a €100,000 fine and a five-year management ban for the Executive Director, and a €50,000 fine with a three-year ban for another executive. The auditors also faced fines for failing to ensure the accuracy of compliance reports.

The Cyprus Securities Exchange Commission (CySEC) has announced the withdrawal of AFX Capital Markets Ltd's license due to non-compliance with regulatory requirements. The company violated multiple sections of the Investment Services and Activities and Regulated Markets Law, leading to administrative fines for its executives and auditors. The penalties include a €100,000 fine and a five-year management ban for the Executive Director, and a €50,000 fine with a three-year ban for another executive. The auditors also faced fines for failing to ensure the accuracy of compliance reports.

Provided by TrustFinance AI Analysis

News

TrustFinance Intelligence Agency

Research date: May 14, 2026

AFX Group has launched Quantic Prime, a new prime brokerage service in partnership with IBANFIRST and SmartTrade, aiming to enhance its offerings in the competitive prime of prime sector. The initiative includes the onboarding of Arnaud Clerisse from HSBC to strengthen their team. The COO of AFX Group stated that this step was crucial for improving services and expanding their market presence.

Customers of AFX Markets Ltd may receive compensation from the UK Financial Services Compensation Scheme (FSCS) for losses suffered. The FSCS will review claims on a case-by-case basis and clients will be asked to submit claims online. AFX Markets was authorized by the FCA since 2012 but faced regulatory actions due to financial concerns, leading to the appointment of special administrators to manage client funds. The firm has approximately 1,200 customers and £7.5m of client money at stake.

MBA Forex International, along with partners 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's inclusion in forex trading. During a recent Financial Investors Summit in Lagos, CEO Maxwell Odum emphasized the importance of financial stability and opportunities for Nigerians. The summit also highlighted the need for government regulation to protect investors and ensure a stable market, as many brokers in Nigeria are unregulated. Experts at the summit discussed the challenges faced by Nigerian investors and the potential benefits of a regulated forex market.

The Cyprus Securities and Exchange Commission (CySEC) has temporarily suspended the license of AFX Capital Markets for ten days due to compliance issues regarding client money regulations. This decision follows a previous settlement related to misleading marketing information. During the suspension, AFX is not allowed to accept new clients or conduct business transactions, and must address compliance concerns raised by the regulator. Existing clients can still complete transactions based on prior instructions.

The Cyprus Securities Exchange Commission (CySEC) has announced the withdrawal of AFX Capital Markets Ltd's license due to non-compliance with regulatory requirements. The company violated multiple sections of the Investment Services and Activities and Regulated Markets Law, leading to administrative fines for its executives and auditors. The penalties include a €100,000 fine and a five-year management ban for the Executive Director, and a €50,000 fine with a three-year ban for another executive. The auditors also faced fines for failing to ensure the accuracy of compliance reports.

Provided by TrustFinance AI Analysis

AFX Group

IUX

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