Is ATFX a broker that you can trust with your trades? Read this review

It also replaces the dedicated account manager with a premium one. It decreases the minimum spread on trades from 1 to 0.6 pips. While FX is their specialty, the range of assets traders are provided don’t stop there. Their regulations allow ATFX to be an FX and CFD broker, with permission to hold client funds. Contact us directly for further inquiries about our products and services.

Additionally, partners receive other forms of benefits as well such as free access to trading central and other trading tools. Clients have the option to register for ATFX’s eBook, which will help them understand trading and learn how to enter the financial markets, free of charge. The free educational eBooks provided by ATFX will help clients overcome the struggles of trading by building on existing knowledge of the financial markets.

If we are to go by customer feedback, reviews, and also feedback from experts, there are reasons to believe that it might be a good idea to choose ATFX trading as a reliable and trustworthy platform. ATFX broker platformThere is no denying the fact that identifying the right online platform makes the main difference between being successful or not. However, choosing the right platform in a highly competitive online environment is not easy. It requires spending time, doing the right research and then deciding as to which is the best option. Trade with a UK-regulated broker on MT4 & MT5 platforms for free. Webinars will be listed alongside relevant dates, languages, start times and durations, providing much comfort to their clients.

ATFX Forex Broker Review

ATFX is a full-fledged CFD broker that offers a wide range of tradable assets across multiple markets. The broker offers forex, cryptocurrency, and CFDs on indices, stocks, and commodities. The trading firm also supports multiple base currencies, which is good for those who want to trade in their local currency. ATFX offers an excellent range of software products which can be accessed either on desktop PCs or through mobile devices. User friendly and intuitive, even beginners can easily get to grips with the basics of the interface.

You can easily view your profit/loss balance and the commissions you have paid. The platform’s search functions are OK.You can find assets grouped into categories. At the same time, we missed the usual search function where you can type in an asset’s name manually.

The first time you click on one of the two, a risk disclaimer will pop up and you will have to accept the terms and conditions before being allowed to continue. Once you’ve done that you are free to trade as much as you want. The platform can be downloaded on your desktop, as well as on your mobile and it only takes a few minutes. In addition, ATFX offers you the option to launch the platform on your browser. One of the advantages of ATFX is the ability to trade the MT4 via the user’s dashboard. There is not much information provided on the supported countries.

Trading Platforms

Education and market analysis are strong and spreads are relatively tight compared to other brokers of a similar type, though only the MT4 trading platform is supported. While it is always great to see free deposits and withdrawals, we would also like to see more account types with lower minimum deposits. As it stands, most beginners would be restricted to the Standard Account. It is also a shame that the minimum deposit on the commission-based Premium Account puts it out of reach of most traders. ATFX brings the market to a broader spectrum of clients by breaking down barriers to trading and adopting the use of a user-friendly platform. As one of the top providers in Europe of trading services, ATFX offers both desktop and mobile device trading in a choice of financial instruments to suit all preferences.

Following processing, funds will usually clear between 1 and 3 working days. International bank wires typically require 3 to 5 more working days to appear in your account, depending on the bank. Withdrawals via e-wallets will typically arrive within 2 days. Refunds to debit and credit cards typically finish processing in 2 to 5 days.

This means that every ATFX client referral case leads to gains. Every closed deal from your referral leads to a commission. Commission payments are instant without hidden charges or fees. The list of webinars always includes the title, language, date, start time, and duration.

Remember that the MT4 https://traderoom.info/ will send the transaction instructions to the given MT4 server. Remember that for compliance reasons, withdrawals must be returned to your original payment source. In the case of profits on trades from deposits made with a card, the extra funds will go to a bank account. You must also fully verify your ATFX account before you can withdraw funds. The regulation and authorization from the FCA are for ATFX to be a CFD and FX broker. As part of its FCA regulation and authorization, ATFX follows the agency’s strict regulatory requirements.

ATFX is also regulated by the Cyprus Securities and Exchange Commission , and Market in Financial Instruments Directive . ATFX Funding Methods we ranked good with an overall rating of 8.9 out of 10. Fees are low, and also you can benefit from various account-based currencies. However, there are overnight fees charged for positions held for more than one day.

Advantages to Trade Forex with ATFX

However, we’ve found reviews where people complain about withdrawals, especially those dealing with an offshore entity. Additionally, for the Premium account, the broker allows access to all educational materials, one-on-one coaching with a chief market strategist, and a free VPS. ATFX Payment methodsTrade more than 3,700 markets without commissions and professional platforms.

An economic calendar is a useful tool that helps traders stay up to date with the latest economic events. The economic calendar lists all the important economic events scheduled for release in the coming week. The materials published on this website are for informational purposes only and should not be treated as investment advice . Studies posted on the ForexRev.com website are only an expression of the views of the editors and website users and should not be interpreted otherwise. Additionally, the offshore entity supports NganLuong and local bank transfers in THB, VND, MYR, and IDR. If you trade offshore, you can also get Hong Kong share CFDs, ETFs, and crude oil CFDs.

Leverage

The spreads on the professional account start from 0.0 pip, and the minimum deposit for this account is $5,000. In addition, they also offer negative balance protection in which the client’s account balance cannot go below zero. Negative balance protection helps to protect the traders from incurring heavy losses.

• The regulatory supervision and compliance are not only enforced by the laws of CySEC, but also by the MiFID guidelines.
• Whether an experienced investor or a beginner, you will find all the right tools with this platform.
• MT4 Desktop allows for diversification thanks to full support for a range of assets.
• When you choose to spread bet with ATFX, there is no UK stamp duty or capital gains tax.

Reduces the atfx broker review to do 0 pips for a $25 per mio per side commission. The broker offers a wide range of research tools and resources that can be used by traders to make informed trading decisions. The customer support of ATFX is excellent and is available 24/5. The trade magazine of ATFX is a monthly publication that covers all the major events that have happened in the financial markets. In addition, the trade magazine also provides an in-depth analysis of the markets and provides trading strategies that traders can use. You get different deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets.

Their customer service includes a comprehensive complaint handling procedure that includes a full response with an explanation. As such, ATFX tends to handle complaints very well and resolve issues fairly shortly. ATFX also provides an additional layer of protection in the form of The Financial Services Compensation Scheme coverage. ATFX provides its traders with one to one sessions with their chief market analyst for users with the appropriate account types .

Email support can be slow, and fundamental data research is missing. We were impressed by how ATFX provides a clear view about the impact of major financial and economic events. For example, we received an email note about the possible implications of Brexit. Most educational tools can be found under the ‘Education’ menu on the website. The news feeds are OK, focusing mainly on the movements of technical indicators. On the flip side, more complex news items, such as those covering major economic events, are missing.

BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. ATFX provides asocial trading servicethrough the MT4 desktop trading platform. First, you have to register your account by clicking ‘Auto Trading’. After registration, you can start copying fellow traders, although this is usually not free of charge. Options for funding your account include bank transfer, credit/debit cards, and electronic wallets. We tested the fees for the Standard account, which charges no commission but spreads are higher.

Offering secure and segregated client accounts, this is certainly a very safe and reputable choice of broker. You must understand that Forex trading, while potentially profitable, can make you lose your money. CFDs are leveraged products and as such loses may be more than the initial invested capital.

Probably the only issue we encountered during the ATF review was finding out about the minimum deposits. It required us to register an account and find out how much it required to activate it. 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. ATFX provides a Forex Education Centre, where you can develop your trading skills with the broker’s free education resources.

• In design and functionality, ATFX’s MetaTrader 4 desktop platform is almost the same as the web platform.
• Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks…..ATFX allows clients to access a huge range of trading markets.
• So how did we approach the problem of making their fees clear and comparable?
• Their contact details are listed alongside the appropriate countries on their web page.

The spread on EUR/USD starts from 0.6 pips and for the forex majors, the minimum spread does not go over 0.8 pips. 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. It is extremely easy to open a live account and deposit money. If cash is left in the account the company opens trades without the authority of the trader against the market so you lose cash without trading. It is imperative for brokers to ensure that as much detail is provided regarding accounts and trading conditions so that traders can accurately evaluate the broker’s service.