Afterprime Review

Category: Reviews | Author: Trading Brokers | Date: October 24, 2023

In the dynamic landscape of financial markets, access to a reliable and efficient trading platform is the cornerstone of success for both seasoned investors and newcomers alike. Afterprime emerges as a formidable player in this arena, offering a unique blend of cutting-edge technology, comprehensive market insights, and user-friendly features. As we delve into the world of Afterprime, this article will shed light on its innovative tools, seamless user experience, and the myriad opportunities it presents to traders and investors. Join us on a journey to discover how Afterprime is transforming the way we trade and invest in today’s ever-evolving financial ecosystem.

Pros & Cons

  • Offers fee-free and instant funding options in six base currencies
  • Provides AI-boosted liquidity and tight spreads
  • Offers a wide range of markets across six categories
  • Licensed and regulated by three reputable regulators
  • Provides four platforms and a range of tools to enhance the trading experience and performance
  • Does not have a dedicated education section on its website.
  • Only offers one account type with variable spreads and commissions

Summary

Afterprime Review

Afterprime Review

Afterprime, a relatively new online broker, grants access to a wide range of financial markets, from forex to cryptocurrencies, stocks, commodities, indices, and bonds. The broker distinguishes itself with AI-enhanced liquidity and competitive spreads while maintaining regulatory compliance through oversight from three respected bodies: the Financial Services Authority (FSA) in Seychelles, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. With four versatile trading platforms and a suite of performance-enhancing tools like Discord, Profit Calculator, and more, Afterprime caters to traders’ diverse needs.

Offering over 300 markets, including forex, cryptocurrencies, and stocks, it provides ample diversity for traders. With two account types, live accounts feature variable spreads from 0 pips, $7 commissions per round-turn lot, and leverage of up to 1:500. Islamic accounts are available, and numerous fee-free funding options in multiple base currencies streamline deposits.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulations

Afterprime operates as a licensed and meticulously regulated broker under the stringent oversight of leading international regulatory bodies. The commitment to adherence to regulatory standards is exemplified through favorable standing with both ASIC (Australian Securities and Investments Commission), CySEC (Cyprus Securities and Exchange Commission), and FSA (Financial Services Authority). To ensure compliance with all regulatory requirements, Afterprime conducts regular, independent external audits of its financial and compliance arrangements. Safeguarding client funds is a paramount concern, and the firm strictly adheres to client money laws, ensuring that client funds remain entirely separate from company assets.

It is important to note that the specific laws, rules, and protections pertaining to client funds may differ based on the Afterprime entity with which you are contracted. Afterprime’s dedication to regulation underscores the commitment to delivering a secure and safe trading environment for clients. However, it is advisable for clients to thoroughly review the terms and conditions of their contract with the broker before commencing their trading journey. For those seeking different avenues, please see a list of regulated brokers for some alternative options.

Platforms and Tools

At Afterprime, every trader’s uniqueness is recognized, and the commitment is to provide a versatile range of trading solutions to cater to individual preferences and needs. Afterprime offers an array of four cutting-edge trading platforms, each designed to cater to the unique preferences and needs of traders:

  • MetaTrader 4 (MT4): Renowned as one of the world’s most popular trading platforms, MT4 is celebrated for its user-friendly interface, robust features, and extensive customization capabilities.
    MT4 Platform

    MT4 Platform

    Offering a wide range of order types, charting tools, indicators, expert advisors (EAs), scripts, and backtesting capabilities, MT4 is accessible across multiple operating systems, including Windows, MAC, Android, and Web.

  • TradingView: With a global user base exceeding 12 million, TradingView stands as a leading online trading platform. It facilitates tracking market trends, connecting traders, and delivering insights on setups, strategies, and market behavior. Distinguishing itself through features like social trading, cloud-based charting, advanced technical analysis tools, custom indicators, alerts, screeners, watchlists, and trading ideas, TradingView is a platform set apart from the rest.
  • TraderEvolution: Tailored for professional traders seeking advanced functionality beyond standard retail platforms, TraderEvolution provides features such as Level 2 pricing, Depth of Market (DoM) trading, and volume analysis. The platform, available on Windows, iOS, and Android, delivers market-leading pricing and execution akin to MT4, offering traders flexibility and accessibility.
  • FIX API: For institutional-grade trading, FIX API offers low-latency deployment of proprietary algorithmic trading strategies. It allows traders to connect directly to Afterprime’s liquidity pool using the Financial Information eXchange (FIX) protocol.

In addition to these platforms, Afterprime equips traders with an arsenal of tools to enhance their trading performance and efficiency. Some of these tools encompass:

  • Discord: A dynamic trading community where traders can interact and exchange ideas, insights, feedback, and experiences.
  • Profit Calculator: An invaluable tool for calculating potential profits or losses based on entry and exit prices, lot size, account currency, and leverage ratio.
  • VPS Offers: Providing traders with a virtual private server (VPS) for high-speed execution, reliability, and security.
  • Trade Receipts: Offering transparency into trade execution, this feature provides detailed information, including order ID, fill price and timestamp.
  • Economic Calendar: A tool designed to help traders monitor market-influencing events, including economic data releases.
  • Price Companion: A Chrome extension that grants real-time access to market prices and news feeds.

Education

At Afterprime, a range of trading tools and educational resources is provided to empower traders to excel in both live and demo trading environments. These resources assist traders in building a solid foundation for their trading endeavors and gaining the confidence needed to navigate the complexities of live trading. Some of the educational resources available at Afterprime encompass:

  • Blog: The website hosts a comprehensive blog section, featuring articles covering a diverse range of trading topics, including market analysis, trading psychology, trading tips, and the latest trading news. The blog is consistently updated with fresh, relevant content to keep traders informed and educated.
  • Discord: The trading community offers an interactive space where traders can connect with fellow traders, share insights, ideas, and experiences, and provide valuable feedback. Additionally, the Discord server hosts live webinars, Q&A sessions, and contests, offering traders opportunities to learn from experts and win prizes.
  • TradingView: This versatile platform not only provides live market prices, news feeds, charts, indicators, and trading ideas but also boasts a Learning Centre. This resource features tutorials, videos, guides, and courses designed to enhance your understanding of the platform and improve your trading skills.
  • Economic Calendar: Afterprime’s economic calendar is an indispensable tool for traders, helping them stay informed about market-influencing events, including economic data releases, central bank meetings, speeches, and more. The calendar provides essential details, such as date, time, currency, impact level, previous value, forecast value, and actual value of each event, as well as brief explanations and analysis.

Markets

Afterprime presents an extensive array of over 300 markets, spanning six distinct categories: forex, cryptocurrencies, stocks, commodities, indices, and bonds. These markets traverse diverse regions and sectors, ensuring traders have an abundance of opportunities and diversity within their trading portfolios. Some of the popular markets accessible through Afterprime include:

  • Forex: Offering over 60 currency pairs, including majors, minors, and exotics, the forex market is the largest and most liquid in the world. Traders can speculate on exchange rate fluctuations among various currencies, with forex trading available 24 hours a day, five days a week.
  • Cryptocurrencies: With over 20 digital currencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more, the cryptocurrency market is a rapidly growing and volatile space. Traders can capitalize on the price movements of decentralized digital assets, and crypto trading is available 24/7.
  • Stocks: Featuring over 100 stocks from US and European markets, including Apple, Amazon, Tesla, and more, the stock market allows traders to invest in shares of ownership in companies, potentially gaining from dividends or capital gains. Stock trading occurs during market hours.
  • Commodities: Providing access to over 10 commodities such as gold, silver, oil, and natural gas, the commodities market allows traders to hedge against inflation or diversify their portfolios. Commodity trading is available during market hours.
  • Indices: With over 10 indices from global markets, including Nasdaq 100, DAX 30, and S&P 500, the indices market allows traders to gain exposure to broad market trends by investing in baskets of stocks that represent the performance of a sector or a country. Index trading occurs during market hours.
  • Bonds: Offering over 10 bonds from various countries, including US Treasuries, German Bunds, and UK Gilts, the bonds market allows traders to benefit from low-risk and stable returns. Bonds are debt securities that pay a fixed or variable interest rate to the holder, and bond trading is available during market hours.
  • Cryptocurrency Market: This market allows traders to speculate on the price movements of various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.

Accounts

Afterprime offers two distinct account types, each tailored to various stages of your trading journey. Whether you’re new to trading or an experienced trader, our accounts are designed to provide the best trading experience to suit your needs:

  • Demo Account: Designed for new traders, the demo account offers a risk-free environment for practice with a simulated trading experience mirroring real market conditions. Traders can hone their skills, explore various trading instruments, analyze market data, and test risk management strategies using virtual funds. Afterprime demo accounts provide immediate access and come preloaded with $5,000 in virtual funds.
  • Live Account: The live account is for traders aiming to experience real market conditions, including the associated emotions. This account uses real money for CFD trading, exposing traders to actual risks and rewards, as well as the emotional and psychological aspects of trading that may necessitate strategy adjustments. Live accounts feature a minimum deposit of $200, base currencies in AUD, EUR, USD, GBP, CAD, SGD, leverage of up to 1:500, variable spreads from 0 pips, $7 per round-turn lot in commissions, market execution, a 100% margin call, a 50% stop-out level, swap charges, and allow hedging, scalping, and expert advisors. Islamic accounts are available upon request. Afterprime’s live account caters to those seeking AI-enhanced liquidity and tight spreads, although it may not be ideal for those preferring fixed spreads, zero commissions, or different account options.

Funding

Afterprime provides a wide range of funding options in six base currencies (AUD, EUR, USD, GBP, CAD, SGD). These options include:

  • Credit/Debit Cards: Afterprime accepts both Visa and MasterCard for deposits. This is one of the fastest and most convenient ways to fund your account. The processing time is usually instant, allowing you to start trading immediately. However, it’s important to note that the name on the card must match the name on the trading account. Afterprime does not accept third-party payments.
  • E-Wallets: E-wallets like PayPal, Neteller, and Skrill are also accepted. These digital wallets provide a secure and efficient way to transfer funds. The processing time for e-wallets is typically instant. However, you may need to verify your e-wallet account before you can use it for transactions.
  • Bank Wire Transfer: This method involves transferring funds directly from your bank account to your Afterprime trading account. While this method is secure, it may take several business days for the funds to appear in your trading account due to bank processing times. It’s also worth noting that some banks may charge a fee for wire transfers.

Please note that Afterprime does not charge any fees for deposits or withdrawals. However, your credit card provider, bank, or payment system may apply transaction fees or commissions that are beyond Afterprime’s control.

To make a deposit, you can easily do so through the Client Portal on Afterprime’s platform. Deposits can be made to your trading account 24/7, and there is no minimum deposit requirement. However, it is recommended that clients fund at least 200 USD or the equivalent in another currency. Keep in mind that Afterprime does not accept payments from third parties, and you must use your own personal funds to deposit into your trading account.

Conclusion

In Conclusion, Afterprime presents itself as a promising new player in the online brokerage arena, delivering traders access to an extensive array of financial markets characterized by AI-enhanced liquidity and competitive spreads. The broker maintains robust regulatory compliance, overseen by the Financial Services Authority (FSA) in Seychelles, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. With a suite of versatile trading platforms and performance-enhancing tools such as Discord, Profit Calculator, and more, Afterprime is well-equipped to meet the diverse needs of traders. While Afterprime certainly has its merits, it’s worth considering alternative options, particularly brokers with lengthier track records, to ensure the best fit for your trading objectives. For a more comprehensive array of choices, we encourage you to peruse our trading broker reviews.

AfterPrime Logo

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Afterprime is a reliable and user-friendly trading platform that offers a wide array of trading opportunities across various markets. It is regulated by multiple authorities and provides a secure and trustworthy trading environment.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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