ATFX Review 2023 Pros and Cons Uncovered

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.

This also includes the transparency of information and the accessibility of useful data. Before we even touch the trading conditions, we need to focus on the website itself and determine if it’s user-friendly and allows beginners to get around easily. As long as they don’t touch the local markets, their https://traderoom.info/ operations will be legitimized and deemed legal by the local authorities, just not on a license-based factor. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

Account Types

These accounts simulate real market conditions, providing traders with the opportunity to test their trading skills and strategies without any financial risks. The Standard Account is a basic account type that is suitable for beginner traders who are just starting in the forex market. It requires a minimum deposit of $100 and offers fixed spreads starting from 1.0 pips.

To go into further details, their deposit methods include credit card, debit card, e-wallet and bank transfer. Many of you reading this ATFX Broker review 2023 will already be aware of just how good it is. It offers an immense amount of analytics, tools and charting. As far as cryptocurrency trading apps go, its reputation speaks for itself. You can even design your own trading indicators if you’re so inclined.

Commission payments are instant without hidden charges or fees. This allows partners to earn rebates for clients they refer. There is no concern about complexities during the integration process into ATFX. To give traders confidence in the Trading Central information, it is part of three different associations for Independent Research Providers.

It also has slippage and allows both hedging and Expert Advisors. ATFX has been publicly recognized worldwide as one of the best Forex CFD brokers both by its clients and industry specialists. ATFX’s mission is to provide retail traders with the best possible experience. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

You will not find e-books or the vast range of resources that many other brokers offer. There are, however, more webinars available from ATFX than many competitors offer. The webinars are free to ATFX clients but do require registration.

How To Trade

The exact trading conditions are listed separately for each currency pair at the site. For starters, we have the ATFX Demo Account, which gives traders a risk-free way to put the trading platforms and trading conditions to the test. Demo Accounts come loaded with some $100,000 in virtual money. Opening positions, using technical indicators and various other trading tools, and checking one’s trading history is possible through the Web Trader as well. While the Web Trader is a simpler version of the full MT4 platform, it does offer full market coverage, one-click trading and advanced charting features.

ATFX is also regulated in the Middle East and North America, and falls under the regulation of CySEC in Cyprus, making it an EU-compliant broker. However, clients should keep in mind that these promotions are not typically available to all jurisdictions. However, in the past ATFX has offered a $100 USD welcome credit promotion. 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. All in all, we’d say that it’s not worth trading with ATFX when there are so many better options available currently.

ATFX Platforms

Doing that takes just a couple of minutes, alternatively, you can also access MT4 WebTrader, a browser-based platform that does not need to be downloaded. Once you access the platform you will have to type in your name and email and the system will generate some login credentials to facilitate your access to the trading platform in the future. If you have a demo account, you will be given $100,000 to trade, whilst if you are trading live, you will have as many funds as you deposited in the previous stage. For forex trading, ATFX offers both fixed and variable spreads, depending on the account type. The spreads for major currency pairs on the standard account start from 1.0 pip, while the spreads on the Edge account start from 0.0 pips but come with a commission of $7 per lot traded.

International clients will be trading with an offshore company based in St. Vincent and Grenadines. We surely have nothing bad to say about the ATFX trading platform. It supports a large number of technical and analytical tools and is suitable for any trading strategy. The Trading Products section at ATFX offers a comprehensive choice of financial assets to trade, including FX and CFDs in shares, cryptocurrencies, indices, and commodities. A total of 43 currency pairs are on offer, including majors, minors and exotics. You can also trade cryptocurrency, with Bitcoin, Ethereum, Litecoin, and Ripple all available.

Crude oil is another highly liquid asset that can be traded with ATFX. There is a vast trading volume; in fact, it has the biggest trading volume of goods in the world. 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. It is available in the United Kingdom, which includes England, Scotland, the Channel Islands, Northern Island, and Wales.

The forex industry is populated by a vast array of traders with various trading needs, which most brokers aim to meet through the provision of suitable accounts. These may include commission-free accounts, low-spread accounts, and managed accounts. ATFX is a broker with its headquarters in the United Kingdom, specifically London. This broker offers trading for a range of assets, including forex, CFDs, and commodities. There are several types of accounts available, including for Professional Clients. You can trade indices with ATFX, with 15 types of shares indices from Asia, the U.S., and Europe.

Since they are segregated, they cannot be used to reimburse creditors. ATFX has a strong commitment to ensuring that client funds remain safe at all times. The company uses the latest encryption technology currently available to protect data. This is combined with effective protection measures and strict supervision. The result is a trading environment that is safe and reliable.

Your Standard account has a minimum of £500, Edge has a minimum of £5000 and Premium has the highest minimum at £10,000. It’s clear when we look at all these trading options that this is a platform positioned at serious investors. Scam Broker Investigator reviews online brokers by first checking their license and regulatory status. Once you have verified that your brokers license is valid, then you know they are a legitimate broker.

You can do it only if you change the default language of your mobile. Besides bank transfer, you can deposit money via credit/debit cards, and electronic wallets such as PayPal, Skrill, Neteller or SafeCharge. For non-UK clients, alternative e-wallets like Trustly are also available.

How Do You Deposit and Withdraw Funds With Your ATFX Account?

Viewing positions directly on the chart, trading from the chart and placing quick orders is possible. Charts can be customised, and templates can be saved for later use. At the moment, we recommend trading with reliable broker like ATFX, fully regulated and with an innovative approach. The ATFX website also offers an education section for users to benefit from.

Some elements of customer service have already been covered in earlier parts of our ATFX broker review 2023. Even better, they have customer representatives available for customers across 13 countries, including several hotlines. Cards and e-wallets do have a speed advantage over bank transfer. Vitally, there are three accepted currencies according to their site. These include Euros, Great British Pounds and the US Dollar. We had to mention payments earlier in this ATFX broker review 2023 due to their lack of fees.

It is worth noting that the brand name ATFX is used by multiple entities operating across different regions worldwide. These entities have established their presence in several parts of the world, such atfx review as Europe, Africa, Asia, and the Middle East. For the convenience of clients, ATFX offers multiple methods of contacting the team. There are main phone lines available on weekdays between 9 a.m.

• ATFX offers an excellent education section in addition to world-class market analysis materials provided by the globally renowned Trading Central.
• This particular event is long-standing, with 18 years of events.
• By investing with a regulated broker, you can feel safe in knowing your money is held in segregated bank accounts.
• This means that every ATFX client referral case leads to gains.
• Because the broker will start favoring the larger trades compared to the smaller ones as that’s where they’re making most of their money.

Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. I have worked with other brokers and definitely, none have given me the experience that ATFX has, switching to ATFX has been the best decision I have ever made.

ATFX does not have any features that make it stand out from the rest of the competition. In fact, it has mostly below average offerings when compared to industry standards. But let’s forget we ever found out about this in the first place and try to rate this broker compared to existing market standards. The St.Vincent and the Grenadines government has clearly stated that they have no interest in regulating foreign Forex companies on their territory. They will allow them to register in the country, but that doesn’t mean that their financial regulator will be held accountable for their actions. It is a trustworthy brokerage firm regulated by two reputable authorities, the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

• Right at the top of the page, you will be able to see two buttons suggesting you to either open a demo account or to open a live account.
• We recommend starting from the demo account so please click on the right side button saying “OPEN DEMO ACCOUNT”.
• All trading on ATFX is done via the popular MetaTrader 4 platform.
• ATFX also has a mobile application for trading on the go and convenience.

The first step to trading is opening an account and this is another part of our ATFX broker review where they excel in making things simple. What was your trading experience like with the brokers at ATFX? Please share your personal experience in the comments section below.

The broker provides a variety of educational resources, market news, insights, and analysis as well. The final account type is the Premium account, aimed at top level traders. It requires a deposit of $10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips.

ATFX offers three types of accounts, namely the Edge Account, the Professional Account, and a free demo account. On the other hand, some brokers will offer one standard account type which aims to target a certain group of clientele. In general, the broker has received positive feedback from traders regarding their trading conditions and offerings. However, we recommend that you do your research and evaluate whether the broker’s services and offerings suit your individual trading requirements. The trading platform provided by the broker is the widely used MetaTrader 4, as we got, available in desktop, web, and mobile versions.