Our investigation into Afex Markets found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Afex Markets?
On the surface, Afex Markets looks like an ordinary forex and crypto broker. Its public site is presented at https://afex-markets.com/. But surface impressions are exactly what these operations rely on — the substance behind Afex Markets is where the problems begin.
Is Afex Markets regulated?
Afex Markets provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- No credible physical address or verifiable corporate record
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Account dashboards that show “gains” with no real market exposure
- Opaque or anonymous corporate ownership
- Offshore or shell-company registration used to avoid oversight
Our analysis
On Aug 1, 2025, the British Columbia Securities Commission (BCSC) issued a warning against Afex Markets , stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2025/afex-group-international-inc
Can you recover money lost to Afex Markets?
If you have deposited with Afex Markets, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Afex Markets?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.