ATFX Review 2023: Is ATFX Scam or Legit Forex Broker ️
It too can be used for opening positions though, and its execution is indeed rather impressive. Oil trading – like the trading involving most of the other available assets – is CFD-based, which means that traders never gain actual possession of the traded asset. They just exchange contracts based on the value of the underlying asset. The company also maintains offices in offshore locations in Mauritius and St Vincent and the Grenadines. These entities are not as well regulated, although you can access higher leverage ratios when trading through them. As with most platforms, the company pays withdrawals into the same account from which they made the initial deposit.
So clients can get access to them and meet the support and management team. You can choose between the spread account or the commission account. If you want to deposit funds into your account on the platform, log into your account.
- There is also the MetaTrader 4 platform, which allows professional trading.
- This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support.
- On top of the education section, the broker offers resources to help you carry out research and market analysis.
- They just exchange contracts based on the value of the underlying asset.
- For traders to make better decisions, ATFX provides a daily market report so that traders are informed hence preventing them from making costly mistakes that will affect them in the future.
Trading is very simple, you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom. To trade with an asset, all you have to do is select one from the asset list and decide whether you want to sell it or buy it depending on what your strategy is. 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. After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading.
For your extra investment, however, you will receive free VPS and educational materials. You can trade indices with ATFX, with 15 atfx review types of shares indices from Asia, the U.S., and Europe. The spot indices on ATFX have low margin requirements and low spreads.
If you’re looking for a secure trading environment and competitive spreads, AtFX might be the right choice for you. Are you on the hunt for a dependable and secure forex broker to fuel your online trading aspirations? Look no further than ATFX, a distinguished name among online trading platforms. Since its establishment in 2023, ATFX has been a steadfast companion for traders seeking profitable ventures.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Had bad service, struggled to get your money back or some other action which you believe isnon compliant? Tell us and if we have the right information, we will actively support your case through mediation with the broker. While ForexBrokers.org has some data verified by industry participants, it can vary from time to time.
ATFX Broker Review
They’re among the world’s leading trading platforms and a prominent figure in the Fintech revolution. ATFX shows on its official site that you are able to trade real time stocks in a demo account. However, non-trading fees billed by ATFX are relatively greater.
- The broker has won several awards for providing good service and prioritizing customer satisfaction.
- When you transfer money in your trading account from your bank account, a deposit fee can be charged by the broker.
- By the FCA, but its lack of additional substantial regulatory licenses pulls down the broker’s overall Trust Score.
You’ll get adept at all of the concepts of trading online and brokers while you continue trading. For starters, you need to select the right online trading platform who’ll always be transparent with you. AFTX is regulated by the Financial Conduct Authority (FCA) in the UK , which is one of the most respected authorities in the world. This solidifies ATFX’s regulatory strength and legal standing.
Check out our visual breakdown below to get an idea of how ATFX’s status as a High Risk broker compares to the average Trust Score label in our database of 60+ forex brokers. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users.
Overall ATFX Ranking
Once you validate the live account, you can contact ATFX customer service to switch to an Edge Account. If your Edge Account drops below the $5,000 equity minimum, ATFX may change it to a Standard Account. ATFX offers an Edge Account that has better spreads and faster speeds. It is designed for advanced traders and also includes additional latency reduction. The broker also makes the process of opening accounts quick and easy, allowing for trading right away and also provides a free demo account for testing the system. ATFX is a broker offering the ability to trade a range of assets and aims to make their platform simple to use with support for the MetaTrader 4 software.
ATFX Fees
Customer service is key and we found when conducting our in-depth ATFX broker review, that ATFX assign a dedicated account manager to each new client. This is a great, free resource and the advice offered is informed, supportive and tailored to each trader’s needs. There is 24/5 UK-based telephone support and email addresses are also broken down by department so client queries can be addressed directly to the right area. The telephone support is offered in up to 13 languages including Chinese, Tagalog and Thai.
Is ATFX Safe or Scam?
ATFX ensures that the individual needs of all traders are met to the best of their capabilities. Our full ATFX review for beginners covers everything you will need to learn about trading via ATFX. A good broker can use your first investments and help to protect it from losses but also give you a platform that can help to provide you positive profits.
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. At the moment, we recommend trading with reliable broker like ATFX, fully regulated and with an innovative approach.
A super choice for UK and EU traders
This includes The Duke of Edinburgh Cup, the China Event 2018. ATFX chose to sponsor this particular event since it began in the UK and is promoted in regions worldwide. Additionally, the Duke of Edinburgh Cup is a known charity that has Royal Patronage. This lines up with the philosophy of ATFX, which further encouraged the broker to sponsor the event. This particular event is long-standing, with 18 years of events.
ATFX Global Markets Limited is essentially a European trading company operating from Cyprus and is regulated and licensed by the Cyprus Securities and Exchanges Commission. The regulatory supervision and compliance are not only enforced by the laws of CySEC, but also by the MiFID (European Markets in Financial Instruments Derivatives) guidelines. The license by CySEC guarantees EU access to the company, while the EEA (European Economic Area) enables the company to provide its services to all EU nations. The minimum trade size when it comes to forex is one microlot, and the company offers negative balance protection along with hedging and scalping. John Stuart is the editor’s chief of BrokerTrending and our expert broker. He has been in the online trading business for over 12 years, and he knows everything there is to know about the stock and forex market.