Blog Details

ATFX Review Forex Brokers Reviews & Ratings

ATFX, as a business, has a strong collection of rules for ensuring honest trading onto its platform. This ATFX review covers both the pros and cons you need to know before you make an account. This is highly disadvantageous for users on these platforms. You will be required to enter this code to log in to your accounts. There are a few countries where ATFX accounts are not available.

Poor Support and Untrustworthy Withdrawal Process

However, its dated and rugged design falls short compared to newer, sleeker platforms. The platform supports 52 different languages, including English, French, Spanish, German, Arabic, Chinese, and more. The broker atfx review has also developed a proprietary trading app, while copy trading is available via a dedicated CopyTrade app. My findings indicate that ATFX’s EURUSD spread is elevated above the industry average for both STP and ECN accounts. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account.

  • Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
  • $7.00 per 1.0 standard round lot commissions for Forex traders
  • Additionally, ATFX’s overnight charges were quite elevated at the time of the review.
  • At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
  • Still, I rank ATFX among the best Forex brokers for beginners, as it offers excellent research and education.

How long does it take to withdraw money from an ATFX account?

A number of ATFX review complaints are from people who were scammed by imposters. Therefore, if you have come across claims of scams on ATFX review sites out there, you might want to retrace your footsteps because you can be sure that you weren’t scammed by ATFX but by imposters. The company also holds periodic webinars and seminars for its clients. This ATFX Review article wouldn’t be complete without an analysis of the broker’s educational resource.

Brokers By Licenses

Clients also have access to historical data that, based on certain instruments, might date back to the 90s. The MT5 platform includes more than 80 built-in indicators and 21 timeframes. It is available through various operating systems—Windows and macOS for desktop downloads, and Android and iOS for mobile trading. Each month, a $10 charge will be incurred from the account or 20% of the remaining balance. The broker imposes an inactivity fee after 12 consecutive months of inactivity.

  • Traders can access these markets via the MT4 platform, enabling diversified strategies and exposure to global financial opportunities.
  • They charge prices of varying rates for various services to earn money.
  • Even beginner traders can quickly learn where the charts, account info, and watch lists are.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

ATFX delivers a forward-looking approach that integrates modern platforms, deep educational support, and a regulatory framework designed for trust. These values ensure that traders are empowered with tools and knowledge, while consistently keeping user success at the center of operations. 🛡️Regulated and trusted by FCA, FSCA, ASIC, SCA, CySEC, etc. 🛡️2245 new traders chose this broker in the last 90 days. ATFX offers the use of MetaTrader 4 as a trading platform. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.

Investment Options ATFX

However, ATFX crypto trading is not available in the Middle East and North Africa (MENA) region and Gulf Cooperation Council (GCC) countries. CFD shares trading is available for 250+ companies listed in Hong Kong, the US and Germany. Notably, AT Global Markets (UK) Limited has stopped serving retail clients and currently serves institutional clients under the brand name ATFX Connect. In the ATFX review below, we look at its business model and practices that have seen it rise to that level.

FP Markets

Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. It is not publicly traded, emphasizing a focus on forex and CFD markets. ATFX offers a straightforward forex and CFD trading experience.

What markets can I trade on with ATFX?

ATFX offers a good range of trading instruments, enabling traders to access more than 300 tradable products across multiple financial assets. The broker offers over 300 tradable products across different financial assets, providing clients with the chance to expand their access to the market. In addition, ATFX offers Swap-Free accounts for Muslim traders who face restrictions in trading due to their faith. From our findings, the broker provides four trading accounts to traders – Micro, Classic, Premium, and Raw accounts, each with its own set of features and advantages that suit different trader levels. The broker offers competitive fees, innovative platforms, and carefully tailored account types to meet different trading needs.

Other than the mentioned proposals, we did not find additional tools to mention here. The broker also has a Trading Central, a client portal, and an economic calendar, which we discussed in the research and education section. A demo account creates the same feel and environment as a live account; only the funds used are virtual.

This can be beneficial for people who often trade, for example weekly or daily trading. They are billed for operations like depositing money, not trading for long periods, or withdrawals. Apart from trading fees, online brokers also bill non-trading fees.

The broker does not impose a handling fee on deposits or withdrawals, except for a $5 fee for withdrawals below $100 via bank wire. Their answers were quick and precise, however, they did not clarify the commission rates on the Standard account. Before being connected to an agent, I was asked to provide my name, email address, and account number (if registered). For more general queries, the broker has a dedicated Help Center on the website. ATFX provides 24/5 multilingual support over live chat, email, and phone.

Broker Types

For detailed fees, traders can consult the product specifications or account details. It’s suitable for both beginners and experienced traders. This platform is known for its user-friendly interface, advanced charting tools, and the ability to execute trades swiftly. The platform’s advanced features, like automated trading strategies and market analysis, are fantastic. ATFX stands out for its exceptional range of trading services and tools. The platform’s diverse market offerings, from forex to cryptocurrencies, are impressive.

Holding over 16 years of experience in global financial markets, and 4 B.A. ATFX’s trading platforms are compatible with mobile devices, allowing you to trade on the go. You can trade a variety of markets, including forex, indices, commodities, cryptocurrencies, and shares.

The ATFX account types depend on the entity and regulatory environment. While the absence of cryptocurrency trading is notable, the asset selection suffices for most trading strategies. ATFX offers 300+ assets covering Forex, commodities, indices, equity CFDs, and ETFs.

The virtual demo account with $50,000 virtual money allows beginners to practice using MT4 without risking their funds. The MetaTrader4 (MT4) platform allows trading at ATFX and the company provides educational ‘how-to’ videos and interactive webinars for platform usage. ATFX’s low commission, along with tight spreads, allows trade managers to enjoy bigger margins. Terms of trade are varied and may include commissions, spread markups, account currency, performance fees, and margin/call options. These strategies enable fund managers to increase their profit margins, compared to what they would get from single account trades.

Leave A Comment