ATFX Reviews Is ATFX Good & Safe?
As such we may earn a commision when you make a purchase after following a link from our website. The company also maintains offices in offshore locations in Mauritius and St Vincent and the Grenadines. These entities are not as well regulated, although you can access higher leverage ratios when trading through them. As with most platforms, the company pays withdrawals into the same account from which they made the initial deposit.
- An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
- The capital adequacy requirements set forth by the MiFID framework are more than met by the broker.
- Trade forex, CFDs, and more in a simple, convenient, and customized way.
- Moreover, they have partnered with Trading Central to offer top-tier technical analysis.
On top of the education section, the broker offers resources to help you carry out research and market analysis. The “analysis” section of the website offers a section dedicated to technical analysis with daily reports on the technical market, reports on specific currency pairs, cryptocurrencies, futures, indices and so on. There is then an economic calendar that you can access at any time.
ATFX at a Glance
ATFX is regulated by several regulators including The Financial Conduct Authority (FCA) which is the most trusted regulatory agency in Europe together with CySEC. ATFX is also regulated by the Cyprus Securities and Exchange Commission (CySEC), and Market in Financial Instruments Directive (MiFID). Trading is very simple, you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom.
The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. My IB have been trading with ATFX for a long time, no slippage, great service and fast resolution. When i traded EBAY stock, the broker intentionally raised my trading fee from 6$ to 260$ causing me to lose.
- Like the Edge account, this one does charge commission, but also various advantages, including access to Premium education and resources.
- However, clients should keep in mind that these promotions are not typically available to all jurisdictions.
- The visitor can also find information about the company itself and the means of contact it offers both to customers and visitors.
- Also, the tier-I regulated broker provides only the MetaTrader 4 platforms for all its customers.
Saxo Bank offers the most tradeable CFDs in the industry, with a staggering 60,000+ tradeable symbols available. CFDs, or “contracts for difference,” enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset. If you’d like to learn more about how CFDs work (and to see our picks for the best CFD trading platforms), check out our full-length guide to the Best CFD Brokers and Trading Platforms. Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
But we can say that the major currency pairs have a pretty stable 0.1 pips spread which is the best option to get. The broker also features floating spreads ranging from 0.1 pips to 4.0 pips in total. But the display of such information is a bit redundant without context and all of the terms combined in one easy-to-understand review. Take note that this will be focusing completely on the FX side of ATFX and not the CFDs they offer on any other financial assets. We will be taking a look at the leverage, spreads, deposit/withdrawal options as well as the overall usability of their website.
The ATFX broker account can be opened effortlessly with a fast procedure. The customers will be required to fill in a form available on the company’s website. Some of the details asked to fill in within the form are personal data like name and age, financial information, and knowledge and experience the customers have within the market. There is also the MetaTrader 4 platform, which allows professional trading. You can choose between the spread account or the commission account. Asides from the daily market reports, ATFX also provides fundamental analysis comments, which are normally recorded by a market analysis research team.
There are no fees attached to deposits in pounds sterling, U.S. dollars and euros. The company also lets you trade CFDs using a third party or your automated trading software via MT4. The company has a strong global presence and license regulated, recently expanding its reach to Australia and Iraq, and more exciting expansion. ATFX has gained the reputation of running a smooth operation within a relatively short period.
ATFX Demo Account for free
Interestingly, the negative balance protection and the free trading tools deal stands for both accounts as well. ATFX has about 100 products on offer, all of them accessible from three account types- Premium, Edge and Standard, with the minimum deposit on the Standard Account at $€£500. Also, the tier-I regulated broker provides only the MetaTrader 4 platforms for all its customers. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily
mean the same thing to you.
Is ATFX a Safe Broker
This also includes the transparency of information and the accessibility of useful data. According to that information ATFX is registered and licensed in the St.Vincent and the Grenadines. Normally, this would be enough information to deem the broker as trustworthy, but here’s the hurdle. In order to determine whether or not the company can be trusted, we need to take a good look at their license. Luckily, the website doesn’t hide this and displays all of the information clear for us to see in the footer.
This only requires opening up a Live Account and then depositing $200. These are divided into categories, such as forex majors, minors, and exotics. Other categories include metals, oil, indices, cryptos, and shares. atfx trading platform Withdrawals are also offered free of charge from ATFX, though charges from banking institutions may apply. Deposits are offered free of charge from ATFX, though charges from banking institutions may apply.
How to open your free account
The company also provides a variety of trading platforms, including the MetaTrader 4 (MT4) platform, web trader, ATFX CopyTrade, and AT Trader mobile apps, offering flexibility to trade anytime, anywhere. ATFX offers market news and regular analysis and updates on relevant financial news on its portal. Moreover, they have partnered with Trading Central to offer top-tier technical analysis.