ATFX Review: Is This Broker Right For You?

ATFX Broker Review Introduction

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.

The company was founded in 2017 and offers leverage of up to 1:400. The minimum deposit is $500, and the platform supports multiple currencies. The broker 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.

Pros and Cons

They support 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.

The 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.

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. The company 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, the firm is a well-regulated broker that offers its clients a good range of tradable assets and safety features.

Moreover, the 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.

The market maker 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 at 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 are average compared to other brokers in the industry.

You get different deposit and withdrawal methods, 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, the company 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 is quite reasonable compared to other brokers in the industry. Overall, the ATFX fee structure is transparent, which is good.

Spreads fee details

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 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

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 their 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

ATFX is a well-known CFD broker that offers a wide range of tradable assets. The 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 online broker 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. The 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 their 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. The trading firm 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. Some popular currency pairs you get are EUR/USD, GBP/USD, USD/JPY, and AUD/USD. In addition, the market maker 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, including gold, silver, crude oil, and natural gas. Overall, the trading firm offers a good range of tradable assets across multiple markets.

The 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. The 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. 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 their 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.

Available accounts on ATFX

There are four types of accounts available on the trading platform, 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 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.

Demo account

The investing company 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 them to your preferred account and then follow the instructions to open a demo account.

How to open an account with ATFX?

Opening an account with them 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

The online 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 the firm 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 their 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 the investing firm. 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 broker educational content

The trading company offers a handful of educational content for traders. They offer:

Trading webinars

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

ATFX is a reliable broker that offers a wide range of products and services. The broker is suitable for both beginner and experienced traders. The investing firm 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 is $500.

What is the maximum leverage offered by ATFX?

The maximum leverage offered by the trading platform is 1:400 and the minimum leverage is 1:30.

Does ATFX offer a demo account?

Yes, the market maker offers a demo account that is funded with virtual money.

Is ATFX a regulated broker?

Yes, the company is a regulated broker and it's regulated by the Cyprus Securities and Exchange Commission (CySEC).

What are the deposit methods at ATFX?

The financial service provider offers multiple deposit methods like credit/debit cards, bank wire transfers, and e-wallets.

What are the withdrawal methods at ATFX?

The online trading firm 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 the online broker, 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, they support the MT4 trading platform.

What are the spreads at ATFX?

The average spread at the broker is 0.6 pips.

What is the minimum trade size at ATFX?

The minimum trade size at the online broker is 0.01 lots.

How to contact ATFX customer support?

You can get in touch with their customer support via telephone, email, or live chat.

Does ATFX offer educational content?

Yes, the investing company 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 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?

The broker offers Standard, Edge, Premium, and professional.