AFEX membership offers options to individuals or corporate entities looking to plug into Africa's commodities market. Access is granted through world-class technology systems and processes.

Membership is available to an individual or institution that is able to trade on the Exchange. These members are in the business of soliciting, or accepting orders, for the purchase or sale of any commodity by way of or relating to any commodity and are qualified to execute customer transactions on the exchange. They can carry out trades (buy and sell) on behalf of their clients as well as offer professional advice, reports etc.

The Broker Membership is into two (2) with both categorizations having different requirements, obligations and rights.

  • Corporate Broker (Broker) membership is available to certified professionals or institutions licensed by the Securities and Exchange Commission. They carry out trades as well as proffer professional advisory services to others. They can do no proprietary trades but can trade on behalf of others.
  • Individual Sub-Broker (Promoter) membership is available to individuals certified by the Exchange. They advise others (directly or indirectly, through publications or writings, or by whatever means or media) on the making of commodity contracts, including the advisability of trading in any commodity contract made or to be made on, or subject to the business rules of, the Exchange. They cannot trade on behalf of others or carry out proprietary trades.

Certified brokers

  • AVA Securities Limited
  • Century Securities Limited
  • First Integrated Capital Management Limited
  • Norrenberger Securities Limited
  • Shalom Investment & Financial Services Limited
  • WCM Capital

Membership is available to an individual or institution that desires to trade only on their own behalf. These members are qualified to execute proprietary transactions. This includes traders, merchants, fund managers & finance houses, etc.

Membership is available to an individual or institution that offers brokerage services to their clients and trades on their account with the Exchange. This includes Asset managers, brokerage houses, etc.

Certified broker-dealers

  • Apel Asset Ltd
  • APT Securities & Funds Limited
  • ARM Securities Limited
  • Arthur Stevens
  • Calyx Securities Limited
  • CardinalStone Securities Limited
  • Chapel Hill Denham Securities Limited
  • Cordros Securities Limited
  • CSL Stockbrokers Limited
  • DLM Securities Limited
  • DSU Brokerage Services Limited
  • FBNQuest Securities Limited
  • Futureview Securities Limited
  • Harmony Securities Limited
  • Interstate Securities Limited
  • Kapital Care Trust and Securities Limited
  • Lambeth Capital Limited
  • Prominent Securities Limited
  • Sankore Securities
  • Santrust Securities Limited
  • Tiddo Securities Limited
  • TRW Stockbrokers Ltd
  • United Capital Securities Limited
  • Valmon Securities Limited
  • Vetiva Securities Limited

Membership is available to an institution that is licensed by the Securities and Exchange Commission (SEC) as a Clearing house and is permitted to clear and settle deals.

These members are in the business of soliciting, or accepting orders, for the purchase or sale of any commodity and are qualified to execute customer transactions on the exchange.

Membership is available to agriculture service providers who have a relevant network of farmers available to them and can deliver on input disbursement and extension services.

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OTC Fee Structure
OTC Fee Structure
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Spot Contract Fee Structure
Spot Contract Fee Structure
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Our Mission is to build an inclusive and efficient market system for commodities in Africa. Our platform delivers the ultimate trading experience for both retail and institutional clients, enabling traders to focus on their strategies rather than their tools.

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