Afterprime

What is Afterprime？

Afterprime is a brokerage firm based in Seychelles that offers a range of trading instruments, including Forex, Commodities, Indices, Stocks, Bonds, and Digital Currencies. They provide a maximum leverage of up to 1:100 for most asset classes, except for Cryptocurrencies, where the maximum leverage is 1:3. Spreads vary depending on the asset class, and traders can access their markets through MetaTrader 4 (MT4), TradingView Broker Integration, and TraderEvolution trading platforms. Afterprime offers both Live Trading and Demo Trading accounts, making it suitable for traders of all levels. They provide multiple customer support channels, including a Help Center, Live Chat, social media, email, and phone support. Payment methods include Credit & Debit Cards, FasaPay, GATE8, DragonPay, VNPAY, PromptPay, Pagsmile, Bank Wire, PerfectMoney, BinancePay, Finrax, and Interac.

Regulation

Afterprime is offshore regulated by the FSA in Seychelles, the number being SD057.

Pros and Cons

Afterprime offers several advantages including a broad selection of trading instruments, various leverage options, and access to both demo and live trading accounts. The platform is versatile, supporting multiple devices, and features competitive spreads and execution speeds. It also provides robust customer support and low-cost transactions with minimal or no fees for deposits and withdrawals.

However, there are notable downsides. Afterprime is regulated offshore, which may concern some traders about the strength of its regulatory framework. Additionally, the platform lacks sufficient educational resources, potentially limiting its appeal to novice traders seeking comprehensive learning tools.

Market Instruments

Afterprime is a brokerage firm that provides a wide range of trading instruments to cater to the diverse needs of its clients. These market instruments encompass various financial assets, offering traders opportunities for diversification and potential profit in different market conditions.

1. Forex (Foreign Exchange): Afterprime offers Forex trading, allowing clients to engage in the foreign exchange market. Forex trading involves the buying and selling of currency pairs, making it one of the largest and most liquid financial markets globally. Traders can speculate on the price movements of currency pairs like EUR/USD, GBP/JPY, and more.

2. Commodities: Clients of Afterprime can trade commodities, including precious metals like gold and silver, energy resources such as crude oil, and agricultural products like wheat and corn. Commodity trading is influenced by global supply and demand dynamics, making it attractive to traders looking to diversify their portfolios.

3. Indices: Afterprime offers index trading, enabling clients to invest in stock market indices. This allows traders to gain exposure to the performance of entire markets or specific sectors. Popular indices like the S&P 500, FTSE 100, and Nikkei 225 are available for trading.

4. Stocks: Afterprime provides access to equity markets, allowing clients to buy and sell shares of publicly traded companies. This includes a wide range of stocks from various sectors and regions, giving traders the opportunity to invest in individual companies.

5. Bonds: Afterprime offers bond trading, allowing clients to invest in fixed-income securities. Bonds are debt instruments issued by governments and corporations, providing regular interest payments to bondholders. Bond trading can be a suitable choice for income-focused investors.

6. Digital Currencies: In addition to traditional financial instruments, Afterprime offers trading in digital currencies, also known as cryptocurrencies. This includes well-known cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and other altcoins. Cryptocurrency trading has gained popularity due to its potential for high volatility and substantial price movements.

Here is a detailed table summarizing the market instruments offered by Afterprime:

Account Types

Afterprime offers two main types of trading accounts:

1. Demo Trading Account: Ideal for new traders to practice risk-free with virtual money. It simulates real market conditions and helps users become familiar with the platform's features.

2. Live Trading Account: Designed for traders ready to invest real capital in live markets. It offers profit potential but comes with the risk of financial loss. Live account holders access real markets and receive additional support and services.

Leverage

This broker offers a maximum trading leverage of up to 1:100 for most asset classes, including Forex, Metals, Indices, and Commodities. This means that traders are only required to put up 1% of their trade's total value as margin to open a position, while they can control a position size up to 100 times the margin they've put up.

However, for Cryptocurrency trading, the maximum leverage is lower at 1:3, which means that traders need to put up 33.3% of the trade's total value as margin to open a position in the cryptocurrency market.

For Shares, the maximum leverage is up to 1:20, and for Bonds, it's also up to 1:100. Leverage allows traders to amplify their trading positions, potentially increasing both profits and losses, so it's essential for traders to understand the risks associated with different leverage levels and use them wisely in their trading strategies.

Afterprime's diverse range of market instruments allows traders to build a well-rounded portfolio, manage risk, and take advantage of various market opportunities. Whether clients are interested in forex, commodities, indices, stocks, bonds, or digital currencies, they can access these instruments through the brokerage's platform.

Spreads & Commissions

The spreads and commissions offered by this broker vary depending on the specific trading accounts and asset classes. Here's a breakdown of the costs associated with each asset class:

Forex:

• Spreads: The spread cost is not explicitly mentioned but can be inferred as the difference between the buying (ask) and selling (bid) prices. Spreads typically vary depending on the currency pair being traded.

• Commissions: Commissions for Forex trading range from 5.4 EUR to 9 USD, depending on the currency pair.

Metals:

• Spreads: Similar to Forex, specific spread values are not provided, but they may vary for different metals.

• Commissions: Commissions for trading metals are the same as for Forex and range from 5.4 EUR to 9 USD.

Indices and Commodities:

• No Commission: Trading in Indices and Commodities does not incur any commission costs.

Cryptocurrencies:

• Commissions: Cryptocurrency trading incurs a commission of 0.05% per notional USD traded per side. This commission is calculated based on the trade's size and notional value.

Shares:

• Commissions: Shares trading involves a commission of 0.02 USD per share per side. The total commission cost will depend on the number of shares traded.

Bonds:

• No Commission: Trading in Bonds does not involve any commission costs.

Deposit & Withdrawal

Afterprime provides its clients with a variety of deposit methods to facilitate funding their trading accounts. These methods include Credit & Debit Cards, FasaPay, GATE8, DragonPay, VNPAY, PromptPay, Pagsmile, Bank Wire, PerfectMoney, BinancePay, Finrax, and Interac. Depending on the chosen method, clients can deposit funds in multiple base currencies, such as AUD, EUR, USD, GBP, CAD, and SGD. The processing times for these deposits vary, with some methods offering instant transfers. Notably, many of these deposit options are fee-free, ensuring that clients can fund their accounts without incurring additional costs.

On the withdrawal side, Afterprime offers three convenient methods for clients to access their funds: Bank Wire, Credit & Debit Cards, and Neteller. These withdrawal options support various base currencies, including AUD, EUR, USD, GBP, CAD, and SGD. The processing times for withdrawals differ, with Bank Wire transfers typically taking 1-5 business days, while Credit & Debit Card and Neteller withdrawals are instant. Importantly, the broker does not charge fees for withdrawals, making it easier for clients to access their profits and manage their finances efficiently.

Trading Platforms

Afterprime offers a comprehensive suite of trading platforms designed to cater to both novice and professional traders, ensuring a versatile and efficient trading experience across various global markets.

1. MetaTrader 4 (MT4) for Professionals: Known for its robust functionality, MT4 at Afterprime offers ultra-competitive spreads starting from 0.0 Pips and execution speeds under 1 millisecond. It supports trading in over 300 markets, operating 24/7 to allow traders to capitalize on global opportunities with optimal cost efficiency.

2. TradingView Broker Integration: This platform integrates TradingView with TraderEvolution, allowing seamless order management across both platforms. It features the same competitive spreads and rapid execution times as MT4, providing access to a wide range of markets around the clock.

3. TraderEvolution for Professionals: Targeted at seasoned traders, this platform offers direct access to banks, HFTs, ECNs, and Dark pools, with spreads starting at 0.0 Pips and sub-millisecond execution times. It operates continuously, ensuring traders can respond swiftly to market movements.

4. Cross-Device Accessibility: Afterprimes platforms are accessible on multiple devices including web browsers, iPhones, Androids, Windows, and Macs. This flexibility ensures that traders can engage with the markets from anywhere at any time.

5. Institutional FIX API: For advanced traders requiring high-level control and customization, Afterprime provides an Institutional FIX API that offers low-latency connectivity and customizable liquidity options through a web-based interface.

Customer Support

At Afterprime, customer support is readily available through multiple channels for your convenience:

1. Help Center: Access in-depth information about trading terminals, deposits, and more in the Afterprime Help Center.

2. Live Chat: Get immediate assistance from our support team through live chat if you can't find the answers you need.

3. Social Media: Connect with us via Messenger and Instagram for quick responses.

4. Email Support: Reach out to our dedicated email addresses for general support (support@afterprime.com) or account-related inquiries (accounts@afterprime.com).

5. Phone Support: Speak directly to our friendly support team by calling +61 (02) 9138 0640.

Our diverse support options ensure that you can get the help you need, whether you prefer self-service or direct assistance.

Summary

Afterprime, a brokerage firm, offers a wide array of market instruments, including Forex, Commodities, Indices, Stocks, Bonds, and Digital Currencies, catering to diverse trading needs. Traders can access these markets with competitive leverage options. The broker provides several deposit and withdrawal methods with minimal or no fees, ensuring efficient fund management. Traders can choose from versatile trading platforms like MetaTrader 4, TradingView Broker Integration, and TraderEvolution, offering competitive spreads and execution speed. Customer support is readily available through various channels, and although specific details about educational resources are not provided, traders can likely find useful materials to enhance their trading skills on the broker's website or by contacting their support team for more information.

FAQs

What is the maximum leverage offered by Afterprime？

Afterprime provides a maximum trading leverage of up to 1:100 for most asset classes, allowing traders to control a position size up to 100 times the margin they've put up. However, for cryptocurrency trading, the maximum leverage is lower at 1:3.

Are there any fees for depositing or withdrawing funds with Afterprime？

Afterprime offers many deposit options with minimal or no fees. Most withdrawal methods also come with no fees.

What trading platforms does Afterprime offer？

Afterprime provides traders with a choice of versatile trading platforms, including MetaTrader 4 (MT4), TradingView Broker Integration, and TraderEvolution.

Can I open a demo account with Afterprime to practice trading？

Yes, Afterprime offers a demo trading account, allowing new traders to practice with virtual money in a risk-free environment.