ATFX Comprehensive Review: Is This Broker Right For You?
ATFX Broker Review
ATFX is a leading CFD broker that offers a
wide range of tradable instruments across multiple markets, including forex,
cryptocurrency, and CFDs on indices, stocks, and commodities. The broker is
regulated by CySec and the FCA, and its headquarters are located in the UK,
Cyprus, Mauritius, St Vincent & The Grenadines. ATFX was founded in 2017
and offers leverage of up to 1:400. The minimum deposit is $500, and the
platform supports multiple currencies. ATFX offers 24/5 customer support and a
demo account. The broker is not publicly traded but does offer crypto trading.
ATFX offers a wide range of tradable
instruments across multiple markets, making it a good choice for traders who
want to diversify their portfolios. The broker is regulated by CySec and the
FCA, which provides peace of mind for traders who are concerned about the
safety of their funds. The broker also offers a free demo account which is an
excellent way for new traders to get started.
ATFX supports multiple base currencies, and
with the support of MT4 Desktop, Mobile, and Webtrader platforms, it becomes
easier for traders to trade on the go. Customer support is available 24/5,
which is suitable for those who are looking for prompt assistance. ATFX broker
has not mentioned anything about its active clients, but the popularity of the
broker can be assumed by the number of its social media followers, which is
quite decent. ATFX offers a wide range of tradable assets with competitive
leverage of 1:400. The broker is suitable for those who are looking for a
well-regulated firm with a good range of tradable assets.
ATFX broker safety information
ATFX is a popular CFD broker regulated by
CySec and the FCA. The broker offers a wide range of tradable assets, including
forex, cryptocurrency, and CFDs on indices, stocks, and commodities. ATFX
headquarters are located in the UK, Cyprus, Mauritius, St Vincent & The
Grenadines. They keep the client's funds in a segregated account with a major
bank. The broker uses the latest 128-bit SSL encryption technology to protect
client information.
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.
Overall, ATFX is a well-regulated broker that offers its clients a good range
of tradable assets and safety features. Moreover, the ATFX broker also provides
two-factor authentication to add an extra layer of security to the client's
account. The 2FA technology is used by major financial institutions worldwide
to prevent fraudsters from accessing client accounts.
ATFX is also compliant with Know Your Customer
(KYC) and Anti-Money Laundering (AML) policies. The broker requires its clients
to go through the KYC process before starting trading. The KYC process helps to
ensure that the client is who they say they are and that their funds are coming
from a legitimate source. ATFX also has an internal AML policy to prevent its
clients from using its platform for money laundering activities.
Fee structure information of ATFX
ATFX comes with different accounts, and each
account has different fee structures. The minimum deposit required for the
Standard Account is $500, and the leverage available at this account is 1:30.
You get tight spreads from 0.1 to 0.6 pips which are beneficial for scalpers
and day traders. The spreads offered by ATFX are average compared to other
brokers in the industry.
You get different deposit and withdrawal
methods at ATFX, including bank transfers, credit/debit cards, and e-wallets.
The deposit takes around 24 hours to process, and the withdrawal process takes
about 1-3 days. Generally, ATFX does not charge any deposit or withdrawal fees.
However, the bank or payment processor might charge you some fees for
processing your transaction. In addition, if the withdrawal is $100 or less,
you need to pay around 5% on the total withdrawal. Overall, the fee structure
at ATFX is quite reasonable compared to other brokers in the industry. Overall,
the ATFX fee structure is transparent, which is good.
Spreads fee details at ATFX
The spreads for the Standard account start
from 0.01 pips, and it varies depending on the currency pair being traded. As
ATFX doesn't charge any deposit and withdrawal fees, its main source of revenue
is through spreads and commissions. You get competitive spreads with the
Standard account. Information regarding all spreads is not mentioned anywhere
on the website. Below is the information related to the ATFX broker:
●
Standard — High spreads, from 1.0
pips
●
Edge — Low spreads, from 0.6 pip
●
Premium — Raw spreads, from 0.0
pip
●
Professional — Low spreads, from
0.6 pip
ATFX has not provided any information
regarding whether the spreads are floating or fixed. The standard account has
high spreads compared to other broker accounts, but it doesn't charge any
commission. Overall, the broker is quite competitive regarding spreads and
commissions. A floating spread means that the spreads can widen during high
market volatility. On the other hand, a fixed spread means that the spreads
will remain constant even during high market volatility.
Swap fee information at ATFX
Swap charges are something that every trader
must be aware of before trading with an ATFX broker. Swap charges are incurred
when a position is held overnight. The swap fee is calculated based on the
interest rate differential between the two currencies involved in the trade.
There is no information available on the ATFX website about the swap charges.
Thus, you need to contact customer support to get the information about the
swap charges.
Deposit and withdrawal methods
available at ATFX broker
ATFX is a well-known CFD broker that offers a
wide range of tradable assets. ATFX broker is regulated by CySec and the FCA.
As a result, both the deposit and withdrawal processes are smooth and
hassle-free. The deposit methods available at ATFX include bank wire transfer,
credit/debit card, and e-wallets such as Skrill and Neteller. The minimum
deposit amount is $500.
The withdrawal process is also simple.
Withdrawals can be made through the same channels as deposits. ATFX broker does
not charge any withdrawal fee. However, the clients are responsible for any
charges levied by their bank or financial institution. The minimum withdrawal
amount is $100, on which you need to pay a charge of 5%. The withdrawals take
around 3-5 business days to reflect in the client's account. The transaction
speed also depends on the client's bank or financial institution. The deposits
and withdrawals are secured with the latest 128-bit SSL encryption technology.
The clients' personal information is also safeguarded with the latest security
measures.
You can request the withdrawal manually from
the client's area on the ATFX website. The withdrawal request will be processed
within 24 hours. However, it might take longer for the funds to reflect in your
account due to the bank processing time. As ATFX is a regulated broker, it has
to follow strict KYC and AML policies. Thus, you need to go through the KYC
process before requesting a withdrawal. The KYC process is straightforward. You
just need to submit your documents, such as a government-issued ID and proof of
address.
The minimum deposit required for every account
at ATFX is listed below:
●
Standard — $500
●
Edge — $5,000
●
Premium — $10,000
●
Professional — $5,000 (You must
meet certain criteria for opening this account and you can get more information
about this account by contacting their support team).
Tradable markets and products
available at ATFX
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. ATFX also
supports multiple base currencies, which is good for those who want to trade in
their local currency.
Regarding currency trading, you get a wide
range of options at ATFX. Some popular currency pairs you get at ATFX are
EUR/USD, GBP/USD, USD/JPY, and AUD/USD. In addition, ATFX also offers a good
range of exotic currency pairs for those who are looking for more trading
options. Overall, they offer around 70 currency pairs which is a decent number.
ATFX also offers CFDs on major indices like
the Dow Jones Industrial Average (DJIA), S&P 500 Index, Nasdaq Composite
Index, and FTSE 100 Index. You also get a good range of commodity CFDs at ATFX,
including gold, silver, crude oil, and natural gas. Overall, ATFX offers a good
range of tradable assets across multiple markets.
The ATFX broker charges you a commission every
time you open or close a trade. The commission is charged as a percentage of
the total trade value, and it varies depending on the asset you're trading. As
you have the leverage of up to 1:400, the commission can be quite high if
you're not careful with your trade sizing.
With the support of MT4, the overall trading
experience becomes quite enjoyable. ATFX broker also supports MT4 mobile and
web trading platforms for those who want to trade on the go. The mobile and web
platforms are quite user-friendly and offer all the available features on the
desktop platform.
ATFX leverage limits
ATFX offers you leverage limits between 1:30
and 1:400, which is decent compared to other brokers. The higher the leverage
limit, the higher the risk involved in trading. Thus, it is always advisable to
use leverage wisely. There is no information available regarding the margin
requirement at ATFX. So, you need to contact the support team to know more
about the margin information and associated charges.
Trading platforms available at
ATFX
ATFX offers a robust MT4 trading platform for
its clients. MT4 is one of the most popular trading platforms globally and is
used by a large number of professional traders. The MT4 platform is available
as a desktop, mobile, and web-based application. The desktop application can be
downloaded from the ATFX website. The mobile app can be downloaded from the
Google Play Store and the App Store. The web-based version of MT4 can be
accessed from any web browser.
MetaTrader 4
MT4 is a popular trading platform that is used
by a large number of professional traders. The MT4 platform is available as a
desktop application, mobile app, and web-based application. MT4 comes with
various features like advanced charting tools, a large number of technical
indicators, and expert advisors. MetaTrader 4 also offers a wide range of order
types which helps to execute complex trading strategies.
MT4 mobile app
The MT4 mobile app can be downloaded from the
Google Play Store and the App Store. The mobile app offers all the features of
the desktop application. The MT4 mobile app is available for Android and iOS
devices.
ATFX also offers you a demo account to test
your trading strategies. The demo account is funded with virtual money, and you
can trade in the live markets without risking your capital. A demo account is
handy for new traders to test their trading strategies before investing their
hard-earned money in the markets. To open a demo account, you need first sign
up with ATFX to your preferred account and then follow the instructions to open
a demo account.
Available accounts on ATFX
There are four types of accounts available on
ATFX, which are:
Standard account
The minimum deposit for a standard account is
$500. The leverage for a standard ATFX account is 1:30. The spreads for a
standard account start from 1.0 pip. This account is suitable for beginner
traders, and there is no commission charged on this account. With a standard
account, you will not get access to the premium resources of ATFX.
Edge account
The minimum deposit for an edge account is
$5,000. The leverage for an edge account is 1:30. The spreads for an edge
account start from 0.6 pip. This account is suitable for experienced traders,
and there is a commission charged on this account. With an edge account, you will
get access to the premium resources of ATFX that will help you plan your trades
well.
Premium account
The minimum deposit for a premium account is
$10,000. The leverage for a premium account is 1:30. The spreads for a premium
account start from 0.0 pip. This account is suitable for professional traders,
and there is a commission charged on this account. For every ten lots, you will
be charged a commission of $25. With a premium account, you will get access to
the premium resources of ATFX.
Professional account
The Professional account is the highest level
of account of ATFX and is only available to individuals meeting specific
criteria, such as holding a minimum €500,000 portfolio. The other criteria
include working experience in the financial sector. The spreads on the
professional account start from 0.0 pip, and the minimum deposit for this
account is $5,000.
How to open an account with ATFX?
Opening an account with ATFX is fast and
secure, follow these below steps to get started:
●
Go to the ATFX website and click
on the "Join Now"’ button.
●
Fill in your details like full
name, email address, and phone number.
●
Choose your account type.
●
Upload the documents required for
KYC verification.
●
Make a deposit to start trading.
Customer support at ATFX
ATFX Broker offers you 24/5 customer support
from Monday to Friday between 9 am and 5 pm, London time. You can get in touch
with ATFX via telephone, email, or live chat. Below are ATFX contact details:
●
Phone: +44 20 3769 2269
●
International phone: +971 4 875 4100
●
Email - cs.uae@atfxgm.com
Research tools at ATFX
ATFX offers a wide range of research
tools to its clients. The research tools are available on the ATFX
website and can be accessed by logging into your account. The research tools
include:
Economic calendar
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.
Market analysis and news
ATFX provides market analysis and news daily.
The market analysis is written by the research team of ATFX. The market
analysis covers all the major asset classes and provides an in-depth analysis
of the markets. In addition, the news section of the ATFX website covers all
the latest news in the financial markets.
Financial events
ATFX also covers all the major financial
events that are happening around the world. The financial events section of the
website provides an in-depth analysis of the event and its impact on the
markets.
Trade magazine
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.
ATFX provides live and on-demand webinars that
are conducted by expert traders. The webinars cover a variety of topics such as
trading strategies, technical analysis, and risk management.
Trading seminars:
ATFX also conducts trading seminars in various
cities around the world. The seminar covers a variety of topics such as trading
strategies, technical analysis, and risk management.
Trading central:
Under this, you will get rich information
related to market analysis and research, technical analysis, and more.
Conclusion — ATFX review 2021
ATFX is a reliable broker that offers a wide
range of products and services. The broker is suitable for both beginner and
experienced traders. ATFX is a regulated broker and it enjoys a highly reputed
position. 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. Overall, ATFX is a good choice.
FAQ
What is the minimum deposit at
ATFX?
The minimum deposit at ATFX is $500.
What is the maximum leverage
offered by ATFX?
The maximum leverage offered by ATFX is 1:400
and the minimum leverage is 1:30.
Does ATFX offer a demo account?
Yes, ATFX offers a demo account that is funded
with virtual money.
Is ATFX a regulated broker?
Yes, ATFX is a regulated broker and it's
regulated by the Cyprus Securities and Exchange Commission (CySEC).
What are the deposit methods at
ATFX?
ATFX offers multiple deposit methods like
credit/debit cards, bank wire transfers, and e-wallets.
What are the withdrawal methods at
ATFX?
ATFX offers multiple withdrawal methods like
credit/debit cards, bank wire transfers, and e-wallets.
How to open an account with ATFX?
To get started with ATFX, click on the Join
Now button, fill in your details, and upload the required documents. You can
start trading within 24 hours.
Does ATFX support MT4?
Yes, ATFX supports the MT4 trading platform.
What are the spreads at ATFX?
The average spread at ATFX is 0.6 pips.
What is the minimum trade size at
ATFX?
The minimum trade size at ATFX broker is 0.01
lots.
How to contact ATFX customer
support?
You can get in touch with ATFX customer
support via telephone, email, or live chat.
Does ATFX offer educational
content?
Yes, ATFX offers a wide range of educational
content like video tutorials, webinars, and seminars.
Can US residents open accounts at
ATFX?
No, US residents are not accepted at the ATFX
broker.
How can I change my password at
ATFX?
You can change your password by logging in to
your account and going to the "Settings" section.
What account types do ATFX offer?
ATFX offers Standard, Edge, Premium, and
professional.
