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In terms of features, Africoinex Markets has a pretty decent offering. Plus, they informed us that they are a STP broker, which means there is no conflict of interest with traders. Want to know how good (or bad) Africoinex Markets really is? We did the test for you, let’s see the comparison of their fees, safety, platforms & what people say.
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Whether our services are directed at individuals or institutions, we are committed to maintaining industry-leading standards. Africoinex Markets provides comprehensive partner and end-user solutions, and a range of trading functions coupled with flexibility in a robust and inclusive platform. We are committed to the highest level of business integrity and professionalism.
Our ultimate goal? To enable you, our client, to "Trade like you". We are dedicated to refining and personalizing the trading experience, ensuring that every transaction and investment decision helps you pave the path to your success, one step at a time.
1. Real time margin protection, ensuring limits and automatically executing risk management precautions to prevent negative balance 2. Advanced technology, providing continuous order maintenance against volatile market situations
1. Competitive spreads on other tradable products 2. No hidden fees and no extra charges 3. Advanced technology to ensure balance protection 4. Hedging capabilities 5. One-click deal execution 6. Customized leverage
Access to global markets including forex, shares, commodities and indices + Worldwide resources that provide global liquidity with one click + A wide variety of interbank tools for larger accounts
If you have already opened a trading account and you made your first deposit, then you are ready to start!
We don’t charge any withdrawal fees. Any fees charged go to the processing merchants.
You may request a withdraw as many times as you deem necessary.
Once the withdrawal request is approved, the amount will be automatically deducted from the platform and reduce the free margin available to trade and maintain any open positions.
Withdrawals are processed via MPesa, Mobile Money and Bank Transfers to the same client who made the deposit.
Withdrawals can be requested anytime. Mpesa and Mobile Money requests are instant (within 10 minutes). Bank requests after 5:00 GMT+3 will be processed the next business day. Turnaround time is 1 – 2 hours from the date of receipt of the request. For Wire Transfer and Debit/Credit Card, processing time can take up to 3-5 hours. International Telegraphic Transfers (TT) usually takes 3-5 working days depending on the banking procedure of the beneficiary bank.
The minimum amount for Mpesa and mobile money withdrawal is 1000 USD as per mobile service provider.
When you want to withdrawal money from your account you need to login to the Africoinex Markets portal. Click on the Withdraw tab from the menu on the left-hand side of the webpage and complete the relevant information. You cannot proceed with a withdrawal request if your trading account has not yet been verified. You can withdraw only your available balance. Please always consider the amount you want to withdraw when you have any open positions.
Accepted currencies per payment method are available in the deposit section in your Africoinex Markets portal.
You can transfer funds through MPESA and other Mobile Money Services, Credit Card (Visa or Mastercard), Wire Transfer and several other alternative methods. All the details are made available in the deposit section in your Africoinex Markets portal.
Africoinex does not charge any fees on deposits with the exception of Bank Transfers. You may be charged fees from your bank.
Our website is protected by SSL (Secure Socket Layer). All sensitive information submitted by our clients is automatically transferred by SSL to a secure environment. Our cashier is PCI Level 1 Merchant compliant and ensures that all your data is secured.
The minimum amount for deposit is 200 USD. We do not charge for bank wire transactions. However, the sending and correspondent bank may charge according to their own fee structure. Should you have any questions about fees or any other charges please contact support@africoinex.com.
Upon submission of proper identification documents, your account will be verified within three (3) hours. Please note the process may take longer but no more than 24 hours.
For Proof of ID, we accept: 1. Colored copy of your passport 2. National ID/Driving License (Front and Back). The Driving Licence needs to be the New Generation Driving Licence *All documents must be valid and not expired For Proof of Residence, we accept: 1. Tin/Pin Certificate 2. Valid Bank Statement Please note that the bank statement should at least contain the client’s P.O box address, name and should be issued within the last 6 months. *In certain situations, we might request two proofs of identification (preferably the second proof to be a bank reference letter for identification purposes). This option will be available in your Scope Markets account.
Opening an account with Africoinex Markets is simple. You need to click on the following link https://africoinex.com/user/register, fill in your details, and you will be redirected to Africoinex Markets portal where you will have detailed steps on how to get your account up and running. You can easily start using the WEB TRADER. Once you fund your trading account you are ready to start!
We offer two different types of trading accounts: Silver and Gold. Please visit the following link for more information: https://africoinex.com/investment
The Know your Customer (KYC) process is a mandatory process in which we conduct due diligence to verify the identity of the client. This process is conducted to protect the company from any form of financial crime such as money laundering, identity theft and terrorism financing.
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