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Arab Financial Brokers (AFB) Broker: Closed

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AFB Discussion

Arab Financial Brokers  

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  • Website: afb.com.kw
  • Founded: 2004
  • Company: Arab Financial Brokers (KSCC)
  • Headquarter: Monther Building, AL Salhyah, Kuwait City, State of Kuwait
  • Regulation: regulated by the ministry of commerce and industry (Kuwait)

International offices –
Broker Type STP
Broker Status Independent Broker
Accept U.S Clients Yes
Live Chat Yes
Phone +96522474680/1 / 2
Fax +96522474683
Email [email protected]
Website Languages Arabic, English, Turkish, Malay, Indonesian

 

Account Information

Free Demo Account Yes (100 days)
Min. Deposit $50
ECN account No
Account Currencies USD
Maximum Leverage 1000:1
Minimal Order Volume 0.01
Segregated accounts Yes
Swap-free Accounts Yes
MAM/PAMM accounts MAM
Managed account Yes
Interest on margin No
Deposit/ Withdraw Options Moneybookers (Skrill)• Bank Wire • Visa/ Mastercard

 

Trading Terms

Trading Platforms MetaTrader 4 (desktop, iPhone, ipad, iPod touch)
Precision pricing 4 digits
Type of Spread Fixed
Commission no
Lowest spread on EURUSD 2 pips
Scalping No
Hedging Yes
Expert Advisors Yes
One-click execution Yes
OCO orders Yes
Mobile Trading Yes
Web Trading Yes
Gold, Silver Yes
CFDs Yes
Other Trading Instruments Indices • Futures • Energies • Commodities • Metals
Promotion Yes
Trading Contests No

What’s new

May 31, 2014: The company website is no longer online. Move to closed listing.

May 2, 2013:

  • Update homepage picture
  • Leverage: Change from 400:1 to 1000:1
  • Add new regulation, removed CySEC and FCA regulation
  • Add web trading platform

June 1, 2012: Add a listing for Arab Financial Brokers (AFB).

Reader Interactions

Comments

  1. Mohamad says

    January 17, 2014 at 11:59 pm

    This so called Khaled El Rached Chairman of the board of directors in the company decided to prohibit clients from withdrawing their funds. This started a while back with my clients from Malaysia and now from Syria and Jordan. They ruined all their reputation because of one employee! I closed my IB account at the company

    Reply
  2. winuga says

    August 10, 2013 at 10:46 am

    they accepting skrill as payment that is good for me to try their micro account hopefully they will add paypal as payment method too. they are not running any promotion or trading contest, with this days of many competitor forex brokers i think they should making some promotions to attracting people trading with them

    Reply
  3. Hanson Udo says

    May 21, 2013 at 5:00 pm

    Broker type STP good nothing bad they have good live chat support which are always online to help investors.
    But the minimum deposite is average I think $50 any trader can post on forums and get the amount to trade with.
    Were the disadvantages come in is the deposit means which Liberty Reserve is not including so the admin need to add this means.

    Reply

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