ATFX Broker Review Forex Broker Analysis

To be involved in the community, ATFX sponsors some events. This includes The Duke of Edinburgh Cup, the China Event 2018. ATFX chose to sponsor this particular event since it began in the UK and is promoted in regions worldwide. Additionally, the Duke of Edinburgh Cup is a known charity that has Royal Patronage. This lines up with the philosophy of ATFX, which further encouraged the broker to sponsor the event.

They just exchange contracts based on the value of the underlying asset. ATFX offers its services worldwide, with the exception of a handful of countries specified in the footer of the official website. This brief list includes the US, Canada, Japan and Mexico. ATFX has taken the decision to cease providing services to retail clients with immediate effect. Each MetaTrader has a dedicated Android, iOS, and Huawei app.

As for the forex minors, the minimum spread starts from 0.9 on pairs such as CAD/JPY and AUD/NZD and goes up to 2.8 for the GBP/NZD pair. For the exotics, the minimum spread starts from 10 pips for the EUR/HUF pair and goes up to 128 for USD/RUB. ATFX offers the popular MetaTrader4 to support its trades. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. 81% of retail investor accounts lose capital when trading CFDs with this provider. Cryptoassets are unregulated in some EU countries and the UK.

Does ATFX accept Neteller?

They were happy to report that you are in safe hands, as ATFX received the ADVFN award for Best Customer Service in 2019. On the Standard, Edge and Professional accounts, our reviewers found that AFTX does not charge any commission as fees are incorporated into the spread. This is great news, as you’ll also find that AFTX’s spreads are low compared to similar brokerages. AFTX is regulated by the Financial Conduct Authority in the UK , which is one of the most respected authorities in the world. This solidifies ATFX’s regulatory strength and legal standing. All UK traders are also protected by the Financial Services Compensation Scheme which ensures investments of up to £85,000 per trader are protected against broker insolvency or bankruptcy.

The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money. The broker does not offer very detailed information on its trading security measures. The broker offers clients protection through the investor compensation fund of up to €20,000. Moreover, ATFX offers traders negative balance protection that ensures that traders will not lose more money than deposited.

➡️Low Minimum Deposit

The features of the demo account include the choice to trade in about 100 financial products across forex, gold, oil, indices and cryptocurrencies from your PC or mobile. When it comes to forex trading, they offer access to only 42 currency pairs, which is less than the majority of other platforms. They still provide you with the ability to trade all of the major pairs but offer a limited selection of minor and exotic currency pairs on their platform.

Remember that ATFX will not accept third-party payments. This means that your deposits must come from your own accounts. Professional client classification is also available from ATFX. Professional clients do not have to deal with the margin increases from the ESMA changes in 2018. The European Securities and Markets Authority restricted certain products for retail clients starting Aug. 1, 2018.

What is ATFX? – The FX broker presented

Over the years, ATFX has earned numerous awards across various markets. It was named the Top Forex Broker 2017 by Third Session of Chinese Foreign Exchange Brokers Annual Conference HT Financial. ATFX was also the Best Branded Broker 2017 from Shenzhen Huiyu Financial. It was also the Best Forex Broker 2017 at Tapei International FinanceWord Forum FinanceWord. Depending on the type of account you have, it is also possible to use a VPS via ATFX.

To help traders make educated decisions, ATFX has a daily market report. This includes the latest overviews for sentiments and technical elements. The report has sentiment figures related to both small and large players. It also includes the main strategies and technical for traders, whether they are contrarian or conformist. MT4 Desktop additionally offers cutting-edge charting tools. There are more than 50 indicators as well as over 30 tools to analyze charts.

🧐 Is ATFX a Scam?

We’ve attempted to breakdown all of the qualities and atfx broker review for your advantage. All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. The minimum amount you are required to deposit in order to start trading is $200 for the Standard account and $5,000 for the Edge account.

The brand is registered as AT Global Markets LLC in SVG, entering the FSA database in 2020. Since it’s well-known that FSA doesn’t issue licenses for Forex brokers, this entity is unsupervised. There are also resources to draw on that are more relevant to ‘how to trade’ rather than ‘what to trade’. The ATFX Webinars for example include sections on ‘Mastering Japanese Candlesticks’ and are provided free of charge.

Your capital is at risk of loss when trading CFDs at this platform. ATFX does not offer ETFs and bonds as other brokers are offering. Traders can fund their account with a deposit of $€£500 deposit. Unfortunately, ATFX doesn’t provide Islamic accounts without overnight swaps.

At the time of writing this review, ATFX offered 40+ currency pairs, including all the Major and Minor pairs. Also, we found some exotic Forex pairs that even more experienced brokers did not offer in the industry, such as the pairs like USD/HUF and EUR/PLN are rather uncommon to see. Besides the MT4 desktop software, ATFX makes it easier for busy Forex traders to log in and manage their accounts on the go using a web-based trading interface called MetaTrader WebTrader. The WebTrader is a stripped-down version of the desktop platform. However, it comes with almost all the basic technical indicators and technical analysis tools. They state that they operate an ECN model, using STP (straight-through processing) technology, without any dealing desk interference.

MT4 also has enhanced https://traderoom.info/ speed and is known for its robustness and stability. Keep in mind that this bonus is not available to all clients. European guidelines make it very challenging to offer bonuses.

The source of this information is the website and the broker’s trading platform listed in the Web section of this review. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. ATFX offers the MT4 mobile app available on the App Store and Google Play.

This includes unlimited access to TradingCentral , where you can use expert market analysis derived from automated third-party services. This is completely unbiased, customizable, and spans over 8,000 financial instruments. It also offers trading signals, including price indicators, entry/exit signals, and slow and fast oscillators. The minimum deposit for opening ATFX standard account is$/€/£500.

All accounts allow unrestricted trading, including the ability to scalp, hedge, and use Expert Advisors on their accounts. AFTX boasts a London headquarters, and it boasts an extended presence around the world. Do note, however, that they do not support traders from the USA or Canada.

• The website claims that no fees apply for deposits, no matter what payment method you choose, including credit/debit cards, e-wallets or wire transfer.
• You’ll find the clean design of the platform and the commendable features are pleasant to work with.
• Furthermore, clients can make deposits and withdrawals using a bank wire transfer.
• The mobile version of the MT4 platform has all the major functionality points that a trader would look for including the use of up to 9-time intervals and up to 30 charting indicators.

Bear in mind ATFX does not accept third-party payments, which could mean that your deposits must and must only come from your accounts. ATFX Payment methodsTrade more than 6,000 markets without commissions and professional platforms. For FCA authorizing the company officially means it is approved by the company as an FX and CFD broker. Trade more than 6,000 markets without commissions and professional platforms. Payoneer’s customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies. Many traders across the world choose ATFX due to their scalping services.

You may be charged with a small processing fee by your provider if it so happens that you’re using debit or credit cards outside the UK. However, if you can account for the charges by providing a receipt, the company will reimburse you. ATFX is a fast-growingForex Brokerwith amazing competitive trading and also spread conditions.Of a truth, the number of assets is limited up to 100. This does not displace the fact that the platform is a good one on a general level. You can trade currencies , commodities, cryptocurrencies, indices, and shares by starting with a low amount of money. Customer service is key and we found when conducting our in-depth ATFX broker review, that ATFX assign a dedicated account manager to each new client.

Mr Zambrano shares his wealth of knowledge on the markets, as he holds over 12 years of experience. He has been recognised by Reuters, CNBC, and Bloomberg. His specialism lies in both fundamental and technical analysis. His strategies aim to minimise risk and help clients to navigate the financial markets successfully. The company offers a decent range of trading account types that should suit most traders. Furthermore, all ATFX UK account types conform to FCA regulations, let traders enjoy free deposits and withdrawals, and allow access to their online trading course.