Afterprime

November 6, 2023

Trust Score:

4.4

About Afterprime

Afterprime stands out as a broker offering a secure and efficient trading environment, with advanced platform integrations and a diverse range of tradable instruments. Its commitment to transparency and community engagement further enhances its appeal. The only minor drawback is the lack of ETF offerings, which may be a consideration for some traders. Overall, Afterprime earns a strong 4.5 out of 5 rating, reflecting its dedication to providing quality services to its clients.

Regulation & Security

Afterprime is a reputable brokerage known for its competitive trading conditions, advanced platform offerings, and strong community engagement. Founded in 2018, it operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA), ensuring a secure trading environment for its clients. While CySEC is considered a top-tier regulator, the FSA is viewed as less stringent. Nonetheless, Afterprime maintains a transparent and trustworthy reputation in the industry.

Account and Setup

Opening an account with Afterprime is a straightforward process, with no minimum deposit requirement, making it accessible to traders of varying capital levels. The Know Your Customer (KYC) verification is standard, requiring proof of identity and residence, which aligns with industry norms to ensure compliance and security. Users have reported a smooth onboarding experience, facilitated by responsive customer support.

Funding Options

Afterprime supports a variety of funding methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Deposits are typically processed instantly, while withdrawals are completed within one to three business days. The broker does not charge fees for deposits or withdrawals, although third-party charges may apply depending on the payment provider. This fee structure enhances the cost-effectiveness of trading with Afterprime.

Bot & API Compatibility

For traders utilizing automated strategies, Afterprime offers robust support through platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TraderEvolution. The broker also provides FIX API trading for advanced algorithmic trading solutions, requiring a minimum deposit of $25,000 and monthly commissions of $2,000. Additionally, integration with TradingView allows for seamless strategy development and execution. This comprehensive platform support caters well to both retail and institutional traders seeking sophisticated trading tools.

Trading Conditions& Restrictions

Afterprime delivers competitive trading conditions with raw spreads starting at 0.0 pips and a commission of $7.00 per standard lot. The broker offers a balanced asset selection, including 66 currency pairs, 56 cryptocurrency pairs, 23 commodities, 16 indices, 3 bonds, and 74 equity CFDs. The absence of exchange-traded funds (ETFs) is notable but does not significantly detract from the overall trading experience. The broker's AI-boosted liquidity engine, Bid Offer Optimized Spread Technology (BOOST), ensures deep liquidity and ultra-fast order execution, making it suitable for scalpers and high-frequency traders.

Afterprime Reviews

Level 39, Marina Bay Financial Centre Tower 2,
10 Marina Boulevard, 018983 Singapore.

Risk Disclosures:

Trading or investing, whether on margin or otherwise, carries a high level of risk and may not be suitable for all individuals. Leverage can work against you as well as for you. Before deciding to trade or invest, you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. There is a possibility that you could sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing and seek advice from an independent financial advisor if you have any doubts. Past performance does not necessarily indicate future results. Tradomatix shall not be held responsible should any losses be incurred. All risk is borne by the software user.

Legal Disclosures:

Having custody of (access to) investor funds is a highly regulated activity. It requires a Capital Markets Services (CMS) License issued by the financial regulatory authorities. Tradomatix does not engage in any activity that involves holding custody of investor funds. Clients have full custody of funds with authorised and regulated liquidity providers. Making investment decisions or placing discretionary trades on clients’ behalf is a highly regulated activity. It requires a Capital Markets Services (CMS) License issued by financial regulatory authorities. Tradomatix does not engage in any activity that involves discretionary trading. All trading decisions are made by client-controlled licensed software, at the discretion and full control of each user. Know-your-customer (KYC) activity is a stringent requirement by financial regulators to ensure all financial activities comply with Anti-Money Laundering Authority (AMLA) regulations. Tradomatix services do not involve conducting KYC checks. This process is performed by authorised and regulated liquidity providers. Tradomatix is an Artificial Intelligent software firm specialising in developing trading software for retail and corporate users, not a financial advisory or fund management firm. Tradomatix does not hold any custody of investor funds or execute discretionary trades on behalf of clients. Tradomatix technology integrates with liquidity providers and fund custodians that are regulated by the Monetary Authority of Singapore (MAS) for corporate users and the Australian Securities and Investments Commission (ASIC) for retail users.

(Shariah-compliant accounts available for our Muslim users)