AfterPrime Review 2026: Fees, Platforms & Honest Verdict

AfterPrime Review: Quick Verdict

AfterPrime stands out in 2026 as a broker built by traders who previously founded Global Prime. Unlike most retail brokers, AfterPrime is invite-only—you cannot simply open an account. The headline feature is their Pay-to-Trade model, where qualified traders can earn up to $3 per lot through Flow Rewards rather than paying traditional commissions.

This broker suits algorithmic traders, high-volume scalpers, and cost-conscious traders who prioritize raw spreads and transparent execution. If you run EAs around the clock or trade significant volume and can secure an invite, AfterPrime deserves serious consideration.

However, it is not the right fit for everyone. The invite-only access means most applicants will be rejected—AfterPrime claims to approve only 10-20% of applications. Traders in regions without local support, those who prefer MetaTrader exclusively, or beginners seeking extensive educational resources may want to look elsewhere. The offshore Seychelles regulation for non-EU clients is another factor to weigh carefully.

AfterPrime at a Glance

Feature	Details
Founded	2018
Headquarters	Seychelles (Global), Australia (Institutional), Cyprus (EU)
Regulation	CySEC (Tier-1), FSA Seychelles (Tier-3), ASIC via Argamon Markets (Tier-1)
Minimum Deposit	$1 (recommended $200+)
Spreads	From 0.0 pips (typical 0.2 pips on majors)
Commission	$7 per round lot (forex); zero on indices/commodities
Platforms	TradingView, TraderEvolution, MT4, MT5, FIX API
Instruments	300+ (forex, stocks, indices, commodities, crypto CFDs)
Maximum Leverage	Up to 1:500
Trustpilot Rating	4.6/5 (82 reviews)

Who Founded AfterPrime?

AfterPrime was founded in 2018 by cousins Jeremy Kinstlinger and Elan Bension. These are not newcomers to the industry. They previously built Global Prime into one of the most respected retail forex brokers in Australia before selling it to Fusion Markets.

After the sale, they launched AfterPrime under the Argamon group with a clear mission: create a broker with fully aligned interests. The result is a pure A-book model where the broker profits from spreads and flow, not from client losses.

This background matters. Traders often cite the founders’ track record and accessibility (including active presence in community Discord channels) as reasons they trust AfterPrime over anonymous offshore operations.

Regulation and Safety

AfterPrime operates under multiple regulatory frameworks depending on your location. Understanding which entity you will trade with is essential before opening an account.

CySEC (Cyprus) – Tier-1 Regulation

AfterPrime Europe Limited holds CySEC license 368/18, issued in July 2018. This provides EU clients with regulatory protections including segregated client funds, negative balance protection, and access to the Investor Compensation Fund covering up to EUR 20,000.

FSA Seychelles – Tier-3 Regulation

AfterPrime Ltd operates under Seychelles FSA license SD057. While this offshore license offers higher leverage (up to 1:500) and fewer restrictions, it provides minimal regulatory protection compared to Tier-1 jurisdictions. Most international retail clients trade under this entity.

ASIC (Australia) – Tier-1 Regulation

The parent group operates Argamon Markets Pty Ltd under ASIC license AFSL 404300. However, this entity primarily serves institutional clients rather than retail traders. Some review sites have questioned whether retail traders actually access ASIC protection, so clarify this directly with AfterPrime before assuming coverage.

Client Fund Protection

AfterPrime states that all client funds are segregated from company operational funds and managed according to applicable client money laws. The broker also conducts regular independent external audits of financial and compliance arrangements.

Account Types and Trading Fees

AfterPrime operates differently from most retail brokers. Access is invite-only, meaning you cannot simply visit the website and open an account. The broker deliberately limits client intake to maintain execution quality and build what they call “a curated base of serious traders.”

How to Get Access

There are three ways to gain entry to AfterPrime:

• Referral: An invite code from an existing AfterPrime member grants immediate access
• Application: Submit a request through their website explaining your trading approach and experience
• Waitlist: Join the queue and wait for an opening

AfterPrime states they approve only 10-20% of applications. The screening process looks for traders with disciplined strategies and long-term mindsets. Bonus hunters, high-churn accounts, and affiliate-driven signups are explicitly filtered out. Once approved, you have 14 days to fund your account or your spot goes to the next trader in line.

Standard ECN Account

After approval, all traders receive access to AfterPrime’s standard ECN account. This provides direct interbank market access with raw spreads starting from 0.0 pips and a $7 commission per standard round lot on forex pairs. This works out to approximately 0.7 pips added to your all-in cost.

Islamic (swap-free) accounts are available upon request for traders who require them for religious reasons.

Fee Structure by Asset Class

Asset Class	Commission	Spread Type
Forex & Metals	$7 per round lot	Raw from 0.0 pips
Indices	Zero commission	Competitive spreads
Commodities	Zero commission	Competitive spreads
Stocks CFDs	$0.02 per share	Market spreads
Crypto CFDs	0.05% of deal value	Variable spreads

AfterPrime 2.0: The Pay-to-Trade Model

In October 2025, AfterPrime launched what they call the world’s first Pay-to-Trade model. This represents an additional tier beyond the standard ECN account. Instead of paying the $7 commission, qualified AfterPrime 2.0 traders earn Flow Rewards of up to $3 per lot on forex trades.

How does this work? AfterPrime passes orders directly to liquidity providers while simultaneously resting offsetting orders to capture spread. When these orders fill, the broker shares the captured spread back with traders as rewards. To qualify for monthly payouts, each account must earn at least $1 in Flow Rewards during that month.

The numbers are compelling. A trader executing 1,000 lots monthly could theoretically earn $36,000 annually in Flow Rewards before factoring in cost savings. Independent verification from ForexBenchmark ranks AfterPrime number one globally for lowest all-in trading costs across 40+ forex pairs.

Access to AfterPrime 2.0 requires additional qualification beyond the initial account approval. Certain trading styles including latency arbitrage, stale quote sniping, or aggressive strategies that cannot be hedged profitably may reduce or eliminate rewards. The program prioritizes traders whose flow can be monetized sustainably.

Trading Platforms Available

AfterPrime offers several platform options, though the lineup differs from traditional brokers that focus exclusively on MetaTrader.

TradingView Integration

The TradingView integration is a standout feature. AfterPrime partnered with TraderEvolution Global to connect directly to TradingView’s interface, allowing traders to execute orders on all 300+ instruments directly from TradingView charts.

This integration means you can access TradingView’s advanced charting, 100+ indicators, and social trading features while executing through AfterPrime. There are no additional fees for trading via TradingView beyond standard trading costs.

TraderEvolution

TraderEvolution serves as the backbone platform connecting AfterPrime to TradingView. It offers multi-asset trading across forex, stocks, indices, commodities, and crypto CFDs with advanced order types and real-time position synchronization.

Traders can use TraderEvolution and TradingView interchangeably with positions visible across both platforms simultaneously.

MetaTrader 4 and MT5

AfterPrime supports both MetaTrader 4 and MetaTrader 5 for traders who prefer the traditional platforms. These are available across desktop, web, and mobile versions.

MT4 remains the preferred choice for many EA traders due to its stability, massive community of custom indicators, and extensive library of Expert Advisors. MT5 offers additional features including more timeframes, an economic calendar, and support for stocks and futures alongside forex.

For EA traders, MT4 and MT5 provide the familiar Expert Advisor environment with full support for automated strategies. If you are running algorithms 24/7, pairing your AfterPrime MT4 or MT5 account with a reliable AfterPrime VPS ensures your EAs execute without interruption from power outages or internet drops.

FIX API

Institutional traders and developers can access AfterPrime’s liquidity through FIX API connectivity. This enables custom trading systems, high-frequency strategies, and direct integration with proprietary platforms.

MAM/PAMM Solutions

Money managers can utilize MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) solutions for managing multiple client accounts from a single master account.

Execution Model and Liquidity

AfterPrime operates a pure A-book (agency) execution model. This means your orders are passed directly to their network of Tier-1 liquidity providers rather than being held on the broker’s book. The broker has no financial interest in seeing your trades lose.

This execution model matters for several reasons. First, it eliminates the conflict of interest inherent in B-book brokers that profit from client losses. Second, it typically results in better fill rates during volatile market conditions because liquidity comes from multiple sources.

AfterPrime maintains direct relationships with prime brokers and Tier-1 banks, which enables the tight spreads and deep liquidity they advertise. According to ForexBenchmark testing, AfterPrime’s all-in costs are 40-70% lower than leading competitors across major currency pairs.

Order Execution Speed

Execution speed is where AfterPrime differentiates itself from many retail brokers. The broker reports average execution times under 50 milliseconds for standard market orders. For traders using limit orders, fills occur at the requested price or better in the majority of cases.

Slippage—the difference between your requested price and actual fill price—tends to be minimal during normal market conditions. However, during high-impact news events like NFP releases or central bank announcements, slippage can occur as it does with any broker. The A-book model means AfterPrime is not artificially widening spreads or rejecting orders during volatility.

Liquidity Depth

AfterPrime aggregates liquidity from multiple Tier-1 providers, creating a deeper order book than brokers relying on a single liquidity source. This matters most for traders executing larger position sizes. Where a single-source broker might struggle to fill a 50-lot order at the quoted price, AfterPrime’s aggregated liquidity can handle substantial volume without significant price impact.

The broker publishes real-time spread data on their website, allowing prospective clients to verify pricing claims before committing. This transparency is uncommon in the industry and reflects the founders’ philosophy of aligned interests.

Tradable Instruments

AfterPrime provides access to over 300 instruments across multiple asset classes. Here is the breakdown:

Forex

The forex offering includes major pairs like EUR/USD, GBP/USD, and USD/JPY alongside minors and exotics. Raw spreads start from 0.0 pips on majors with the $7 round-turn commission. The broker publishes live spreads on their website, streamed directly from their liquidity network so you can verify pricing before opening an account.

Indices

Trade popular global indices including the S&P 500, NASDAQ 100, DAX 40, FTSE 100, and Nikkei 225. Index CFDs trade commission-free with competitive spreads. All index trades run through AfterPrime’s pure A-book infrastructure.

Commodities

Commodities include precious metals (gold, silver), energy products (crude oil, natural gas), and agricultural products. Like indices, commodities trade with zero commission.

Stock CFDs

Access blue-chip stocks listed on major exchanges including US, European, and Australian markets. Stock CFDs carry a $0.02 per share commission.

Cryptocurrency CFDs

AfterPrime offers more than 56 cryptocurrency pairs including Bitcoin, Ethereum, and other major digital assets. Crypto CFDs carry a 0.05% commission on deal value.

Deposit and Withdrawal

AfterPrime does not charge fees for deposits or withdrawals, though third-party payment processors may apply their own charges.

Deposit Methods

• Bank Wire Transfer: 3-5 business days processing, suitable for larger deposits
• Credit/Debit Cards: Visa and Mastercard accepted with near-instant processing
• E-Wallets: Skrill, Neteller, Perfect Money, and FasaPay
• Cryptocurrency: Bitcoin, USDT, and other digital currencies with minutes-long processing
• Regional Methods: SEPA for UK/EU, DragonPay (Philippines), VNPay (Vietnam), DuitNow (Malaysia)

Withdrawal Processing

Withdrawals are processed the same day if submitted before 10 AM AEST (00:00 GMT). E-wallet and crypto withdrawals complete instantly upon approval. Bank wires take up to five business days, while card withdrawals may take up to ten days.

Minimum Deposit

There is technically no minimum deposit requirement. You can fund with as little as $1. However, AfterPrime recommends starting with at least $200 for practical trading purposes.

Fees to Note

While AfterPrime does not charge deposit or withdrawal fees directly, a 2% currency conversion fee applies when funding in a currency different from your account base currency. Cryptocurrency transactions incur standard blockchain network fees.

VPS and Automated Trading Support

AfterPrime fully supports automated trading across all platforms. For traders running Expert Advisors, the combination of raw spreads and fast execution makes AfterPrime attractive for algorithmic strategies.

VPS Hosting Options

AfterPrime has partnered with ForexVPS.net to offer clients VPS hosting with a 100% uptime guarantee and approximately 1ms latency to trading servers.

For optimal execution speed, we recommend pairing your AfterPrime account with a VPS located in close proximity to their servers. At NYCServers, our AfterPrime-optimized VPS delivers just 0.76ms latency, the lowest among brokers we have benchmarked. This matters for scalping strategies and EAs that depend on fast order execution.

Why Use a VPS for AfterPrime?

Running your trading platform on a VPS provides several advantages:

• 24/7 Uptime: Your EAs run continuously even when your home computer is off
• Reduced Latency: Professional data center connectivity beats residential internet
• No Slippage from Disconnections: Power outages and internet drops do not affect your trades
• Multi-Platform Support: Run MT4, MT5, or TraderEvolution simultaneously

If you trade manually during market hours only, a VPS may be unnecessary. But for anyone running automated systems overnight or during news events, the reliability is worth the investment.

What Could Be Better

No broker is perfect. Here are the legitimate drawbacks we identified during this AfterPrime review:

Regulatory Structure

Most retail traders outside the EU trade under the Seychelles FSA license, which provides minimal regulatory protection compared to ASIC or CySEC. The ASIC-licensed Argamon Markets entity primarily serves institutional clients, creating some confusion about which protections actually apply to retail accounts.

Withdrawal Delays Reported

Some users have reported withdrawal processing times longer than expected, particularly for bank transfers and when currency conversion is involved. One reviewer mentioned waiting over two months for a withdrawal involving currency conversion issues. While most withdrawals process smoothly, these reports warrant attention.

Limited Educational Resources

AfterPrime focuses on providing competitive trading conditions rather than beginner education. If you are new to forex and need courses, webinars, or extensive tutorials, you will need to source these elsewhere.

AfterPrime 2.0 Access

The headline Pay-to-Trade feature requires invitation or waitlist approval. Not all traders can immediately access the Flow Rewards program, and certain trading strategies may not qualify.

Platform Transition History

AfterPrime emerged from the Global Prime split, and some users experienced delays accessing the client portal during the transition period. While these issues appear resolved, the history is worth noting.

Who Should Use AfterPrime?

AfterPrime is best suited for specific trader profiles:

Ideal For:

• High-Volume Traders: The Pay-to-Trade model rewards active traders with significant lot turnover
• Algorithmic/EA Traders: Raw spreads, MT4/MT5 support, and VPS partnerships favor automated strategies
• Cost-Conscious Traders: ForexBenchmark verification of lowest all-in costs appeals to spread-sensitive traders
• TradingView Users: Full TradingView integration allows trading directly from charts
• Scalpers: Fast execution and tight spreads support high-frequency trading styles

Not Ideal For:

• Anyone Who Wants Instant Access: The invite-only model with 10-20% approval rate means most applicants are rejected
• Complete Beginners: Limited educational resources and the qualification process favor experienced traders
• Traders Requiring Tier-1 Regulation: Unless you qualify for the EU entity, you trade under Seychelles FSA
• Low-Volume Traders: Flow Rewards require meaningful volume to generate returns
• Traders Who Need Local Phone Support: Support operates primarily through email and Discord

Customer Support

AfterPrime offers customer support through email and an active Discord community where the CEO and team members participate directly. This approach differs from larger brokers that route inquiries through call centers staffed by representatives with limited trading knowledge.

The Discord community deserves special mention. Unlike most broker communities that function primarily as marketing channels, AfterPrime’s Discord features genuine interaction between clients and leadership. Traders report receiving detailed technical responses to questions about execution, spreads, and platform issues directly from team members who understand the trading side of the business.

Trustpilot reviews consistently highlight responsive support as a strength, with comments like “customer service is 10/10.” The company actively replies to reviews and engages with client feedback. Negative reviews typically receive substantive responses addressing specific concerns rather than generic corporate language.

However, traders accustomed to phone support or 24/7 live chat may find the support channels limited. There is no dedicated phone line for account inquiries. Response times via email are generally same-day during business hours, though complex issues may take longer to resolve.

AfterPrime vs Competitors

How does AfterPrime compare to similar brokers?

Feature	AfterPrime	IC Markets	FP Markets
Raw Spread Commission	$7/lot	$7/lot	$6/lot
Minimum Deposit	$1	$200	$100
TradingView Integration	Yes	Yes	Yes
Pay-to-Trade/Rebates	Up to $3/lot	None	None
Regulation (Best)	CySEC	ASIC	ASIC
Instruments	300+	2,250+	10,000+

AfterPrime’s unique selling point is the Pay-to-Trade model for qualified traders. The all-in cost advantage verified by ForexBenchmark sets it apart, though larger competitors offer broader instrument selection and stronger regulatory coverage.

IC Markets remains the industry benchmark for raw spread trading with deep liquidity and ASIC regulation. FP Markets offers similar raw spread pricing with an even lower commission structure and an impressive instrument count exceeding 10,000 assets including stocks, ETFs, and bonds.

Where AfterPrime wins is on total cost for active traders. The Flow Rewards program can turn commission costs into actual income, a proposition no competitor currently matches. For traders who qualify, this represents a meaningful edge.

Final Verdict

AfterPrime delivers on its promise of low-cost, aligned trading. The founders’ track record from Global Prime, independently verified best-in-class spreads, and the innovative Pay-to-Trade model make this broker worth considering in 2026.

The 4.6/5 Trustpilot rating from 82 reviews reflects genuine trader satisfaction, particularly around trading costs and customer service.

However, the Seychelles regulation for most retail traders, invitation-only access to AfterPrime 2.0, and occasional withdrawal delays are real considerations. This is not a broker for beginners seeking hand-holding, but experienced traders who value execution quality and cost efficiency will find a lot to like.

If you decide to trade with AfterPrime, consider pairing your account with a low-latency VPS. Our forex VPS hosting provides sub-millisecond connectivity to AfterPrime’s servers, keeping your EAs running 24/7 without interruption.

Frequently Asked Questions

Is AfterPrime a regulated broker?

Yes. AfterPrime operates under CySEC license 368/18 for EU clients and Seychelles FSA license SD057 for international clients. The parent group also holds ASIC license AFSL 404300 under Argamon Markets for institutional services.

How do I get an AfterPrime account?

AfterPrime is invite-only. You can gain access through a referral code from an existing member, by submitting an application through their website, or by joining the waitlist. AfterPrime states they approve only 10-20% of applications, and approved traders have 14 days to fund their account.

What is the minimum deposit for AfterPrime?

Once approved, there is no mandatory minimum deposit. You can technically start with $1, though AfterPrime recommends funding at least $200 for practical trading purposes.

What platforms does AfterPrime support?

AfterPrime supports TradingView (with direct execution), TraderEvolution, MetaTrader 4, MetaTrader 5, and FIX API for institutional connectivity.

How does AfterPrime’s Pay-to-Trade model work?

Qualified traders in the AfterPrime 2.0 program earn up to $3 per lot as Flow Rewards. Instead of charging commissions, AfterPrime monetizes trading flow through liquidity providers and shares the proceeds with traders. Access is invite-only through qualification, referrals, or the waitlist.

Does AfterPrime support automated trading and EAs?

Yes. AfterPrime fully supports Expert Advisors on MT4 and MT5, plus algorithmic trading through FIX API. They partner with VPS providers to ensure EAs run with minimal latency and maximum uptime.

How long do AfterPrime withdrawals take?

E-wallet and cryptocurrency withdrawals process instantly upon approval. Bank wires take up to five business days. Withdrawal requests submitted before 10 AM AEST are processed same-day.

Is AfterPrime good for scalping?

Yes. Raw spreads from 0.0 pips, fast execution, and the A-book model make AfterPrime suitable for scalping strategies. The Pay-to-Trade rewards can further benefit high-frequency traders who qualify. Maximum leverage reaches 1:500 under the Seychelles entity, though EU clients face ESMA caps of 1:30 on major pairs.