Afterprime Review – Key Features, Security, and Trading Costs

With the company’s presence since 2018, they could develop a better trading community. Thus, with Afterprime LTD being registered in Seychelles, you shouldn’t be surprised about anything else.

On the other hand, there are many positive things about this broker. But if that’s enough to earn your trust, we’ll see after you read this honest Afterprime review.

Broker status:	Regulated Offshore Broker
Regulated by:	FSA Seychelles
Operating Status:	Active Forex and CFD Trading Firm
Known Websites:	https://www.afterprime.com/
Blacklisted by:	N/A
Owner:	Afterprime LTD
Headquarters Country:	Seychelles
Foundation Year:	2018
Online Trading Platforms:	MT4, TraderEvolution, proprietary platform, FIX API
Mobile Trading:	Available
Minimum Deposit:	$0
Deposit Bonus:	N/A
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes  – LTC, BNB, ETH
Available Trading Instruments:	Cryptos, commodities, forex, commodities, shares
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	With only offshore regulation and complaints from traders about being ripped off, traders should reconsider their broker choice. In any case, if you experience any irregularity, feel free to contact our refund experts for advice.

Is Afterprime Legit?

When it comes to regulatory oversight, everyone knows offshore regulations can’t be compared to FCA, BaFin, ASIC, or similar, primarily because of funds protection measures that are mandatory with these. The key potential issue with this broker is that their license number SD057 with FSA Seychelles was previously assigned to Global Prime company.

Currently, Global Prime is regulated elsewhere, but there have been allegations about some potentially problematic activities in the past. It remains a mystery what was happening behind the scenes. Anyway, Afterprime claims to be regulated by CySEC and ASIC, but those details are false.

Traders Experience

Surprisingly, there are only 26 comments on Trustpilot about this firm so far. In most cases, reviews are positive, but the worrying fact is that all negative reviews include the previous trading brand. Apparently, traders had their accounts transferred to Afterprime, and some traders even reported being banned from the Discord channel for revealing some details about their trading experience.

That’s definitely not something you want to hear from a company you trust your money with. In any case, we invite you to share your experience with us as well. Also, if you share it directly with our refund experts, you can get a free first consultation if you need refund options.

How Does Afterprime Work?

As expected from Afterprime broker, with their offshore regulation, they won’t share all the details they need to. Such as leverage for example. In any case, the company wants to appear trustworthy, and it manages to do that, primarily with a wide range of platform options and transparent trading costs.

However, traders should be careful about speculations about potential withdrawal problems. After all, top-rated trading firms are not regulated by trusted authorities without reason. In any case, if you experience any problems with this firm, let us know.

Who Are Afterprime Clients?

In general, since 2018, the company hasn’t built quite a big community of traders. Their Discord channel has over 3.000 members. In any case, the key problem is targeted countries. Primarily ones with strict regulatory requirements that this company doesn’t have. Those are:

• United Kingdom
• Australia
• Canada
• Germany

With Afterprime regulation with FSA, they shouldn’t offer services in these countries. Yet, they do, and for that reason, we recommend you talk to our refund specialists if you experience any potential issues.

What Are Trading Platforms Available?

One of the best things about this company is the Afterprime MT4 availability. With all of its advanced features, traders can truly enjoy trading.

On top of that, TradingEvolution, FIX API, and proprietary apps are available. Still, none of those can be compared to MT4 capabilities.

Is the Afterprime Mobile Trading App Available?

Indeed, yes. All apps with this broker are also provided for iOS and Android devices. Thus, the company’s proprietary app and TraderEvolution have only a bit over 1.000 downloads on PlayStore.

Compared to MT4’s 10 million downloads, it’s clear what should be used. After this Afterprime review, you’ll certainly explore other brokers. Make sure to check our FTSFX and Duvaro reviews then.

What Financial Instruments Does The Platform Include?

Even if you expect something extraordinary, after completing the Afterprime login procedure, don’t expect some outstanding instruments to be offered. It’s pretty much every other broker offers, starting with:

• Forex – USD/JPY, EUR/CHF
• CFDs – gold, DAX30, Amazon
• Cryptos – ETH, LTC, XRP

Account Types Offered by Afterprime

Another surprise is that the company doesn’t have any account-type offers. At least they don’t offer it transparently.

To get started, traders can do anything above $1. Thus, the company recommends nothing less than $200 for proper trading experience.

Can a Trader Use an Afterprime Demo Account?

If you still opt to use the Afterprime app or any other third-party option, you can also apply for a demo account. At the very least, traders can explore the features and trading conditions to have something to compare with other brokers.

Afterprime Fees, Leverage and Commission

As mentioned, this company’s leverage is unknown. Traders should just keep in mind that the maximum allowed for retail traders in Europe and Australia is 1:30, and for the US/Canada, it is 1:50.

On the positive side, the company should at least have transparent commissions and swap rates. Forex and metals include a $7 commission per lot while commodities, indices, and bonds don’t include any. Cryptos are charged 0.05% per notional USD per side while stocks include 0.02 USD per share per side.

Is Afterprime Withdrawal Possible?

It appears the company passively persuades traders to use e-payment withdrawal options with long processing times with card and wire transfers. These may take between 1 and 10 business days, while other options are instantly processed.

Apparently, there are no withdrawal fees for any withdrawal methods. Still, traders can have potential payout issues with only offshore regulation and misleading details about ASIC and CySEC licenses.

What Should I Do If I Have Afterprime Problem?

In case any problem occurs with the broker, FSA Seychelles should be able to solve it. However, if not, traders can easily reach out to our refund specialists and get a detailed consultation.

It can be quite frustrating not knowing what to do in certain situations. That’s why most things should be left to professionals. Don’t hesitate to get in touch right away.