Is ATFX A Safe Broker?

Spread betting lets you speculate on the rising or falling markets. It includes tools to limit risk, such as stop-loss limit orders and balance protection. Spread betting is popular for traders who want to diversify their portfolios. It is also popular for those who want to trade with leverage and a small investment.

Interestingly, the negative balance protection and the free trading tools deal stands for both accounts as well. ATFX has about 100 products on offer, all of them accessible from three account types- Premium, Edge and Standard, with the minimum deposit on the Standard Account at $€£500. Also, the tier-I regulated broker provides only the MetaTrader 4 platforms for all its customers. Decent and stable trading platform, quick execution of trades, and fast withdrawal process. I think what they need to improve is their customer service. There were numerous times where I couldn’t get hold of their support, no response for straight 3 days, especially during this COVID-19 pandemic.

This only requires opening up a Live Account and then depositing $200. It is available in the United Kingdom, which includes England, Scotland, the Channel Islands, Northern Island, and Wales. Additionally, ATFX Global Markets Ltd. operates from Limassol, Cyprus. As such, this section of ATFX is under regulation from CySEC, the Cyprus Securities and Exchanges Commission. CySEC regulation provides access to the EU and EEA countries.

Deposit

The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge. 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. However, the platform also has an excellent customer support team that can be reached 24/7.

You can choose between a Standard, an Edge, a Premium or a Professional trading account. AFTX is regulated by the Financial Conduct Authority in the UK , which is one of the most respected authorities in the world. This solidifies ATFX’s regulatory strength and legal standing. All UK traders are also protected by the Financial Services Compensation Scheme which ensures investments of up to £85,000 per trader are protected against broker insolvency or bankruptcy. EU clients are also protected under the Investor Compensation Fund for up to €20,000. The best method to learn nowadays is online, and I have specialized in recording online trading courses, which brings the traders what they need to start trading professionally.

Deposits made with card/e-wallet will be in your account within 30 minutes, whilst bank transfers will arrive the very next day. This broker was not featured in our 2023 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date. You are also required to answer some simple questions with regard to your overall trading experience.

How much money should I deposit when I begin?

If you do not come from any of these countries, we recommend contacting customer support to find out whether ATFX provides services in your country before signing up on it. ATFX is a broker founded in 2014 that has been gaining popularity in the forex and CFD industry since its foundation. The broker showed potential in recent years, which is why we decided to test and review it. ATFX is a regulated broker with an innovative and proactive approach compared to other forex and CFD brokers in the industry. Without expressing regret they kept my saved funds in hostage, and no one warned me what to expect.

In this respect ATFX do well as they are regarded as offering competitive spreads. Spreads on stock CFDs can be as low as 0.05 pips and on major currencies they can be as low as 0.6 pips. Spreads can vary across market hours but it is worth noting ATFX offer 24/5 non-stop trading. The broker also offers competitive atfx trading platform trading fees, access to a wide range of trading tools and educational materials, and the chance to trade wherever and whenever you want. This ATFX review examines an STP forex broker who has earned trust and respect from hundreds of traders thanks to its active approach which focuses on trader welfare.

The website is extremely well laid out, with pretty much every option you could need is accessible via the main menu across the top of the screen. If you require additional information about the company or its services, you’ll find it in the footer at the bottom of the page. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.

Trusted Broker Reviews

Friends who want to try can open a demo account first to try. Overall, ATFX can be summarised as a credible and trustworthy online forex broker.ATFX is highly regulated by the CySEC.ATFX offers one type of trading platform, namely the highly popular MetaTrader 4. Fusion Markets offers trading in numerous financial assets via Contracts for Difference. By offering CFDs as opposed to trading the assets themselves, Fusion Markets allows traders to gain exposure to several markets via a single trading environment. By focusing exclusively on CFDs, Fusion Markets is able to offer a streamlined service and make trading much more accessible to those who are perhaps new to the financial markets.

In terms of deposit and withdrawal, like many good brokers, ATFX provides a form with important information such as payment methods, currencies, fees and processing time. The iPhone MT4 application includes the most useful features, such as EAs and customizable indicators. Either mobile version has the full functionality and all of the tools of the other versions. It includes real-time information that helps with the decision-making process.

Can ATFX be trusted? Are they a legitimate brokerage?

Meaning, they are provided permission to work with countries within the EU and EEA. Before even considering depositing your funds somewhere, it’s important to know how secure it is and what regulations they comply with. Market analysis and account management features can also be used through the web interface. MT4 comes in 3 versions, covering Windows, iOS and Android compatibility.

The Premium account is the ideal account for you if you’re a confident, experienced trader that’s familiar with the online trading industry. As such, with ATFX, investors are provided with access to over a hundred CFD financial instruments including Forex, Precious Metal, Crude Oil, Indices, and Shares. Let it be known that the good reviews here are orchestrated by ATFX and not to be followed. I will advise you believe your guts and avoid investing with ATFX.

Is ATFX Broker A Scam?

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. ATFX provides access to over a hundred CFD financial instruments including Forex, Precious Metal, Crude Oil, Indices, and Shares. All the instruments can be executed on one platform and offer the best opportunities to all investors. The demo account acts as a simulated trading experience funded with virtual money and is therefore entirely risk-free. To this end, with this account, it is assumed that professional clients accept the trade-off of fewer protections for higher leverage ratios and more leeway when trading.

• Therefore when you are a member of ATFX trading, you can be sure that you are dealing with a service provider who is governed by MIFID.
• I have loved ATFX, it is reliable and they have a good customer service that keeps in touch with you in case of any doubt, withdrawals are secure.
• Find e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies, and more.
• To protect against an unfortunate event of insolvency, ATFX has FSCS coverage.This scheme is only available for clients trading with organizations authorized by FCA.
• In Mauritius, they operate as AT Global Markets Intl Ltd, registered in 2018, with ATFX regulation in the FSC register.

If you see that you are making profits, you can always deposit more. For those who choose the Edge account, the is a minimum deposit requirement of $5,000. The broker requires a minimum of $200 as an initial deposit for you to be allowed to access the trading space and start trading forex, CFDs and so on.. Another positive thing about it is that https://forexarena.net/ no fees are charged, no matter what payment method you choose, be it debit or credit cards, e-wallets or wire transfers. ATFX offers a decent variety of trading products for you to choose from compared to other forex and CFD brokers such as Coinbase and Plus500. There are over 80 assets you can choose from, including stocks, forex, and indices.

ATFX spreads will vary depending on the type of account you open but the standard conditions are largely very competitive (starting from 1 pip for EUR/USD). The very best conditions are offered via the ‘ATFX Edge Account’. We surely have nothing bad to say about the ATFX trading platform.

Commission payments are instant without hidden charges or fees. The list of webinars always includes the title, language, date, start time, and duration. You can also read a description of the webinar to help you decide if you want to register. The webinars include regular ATFX Daily Market Updates several times a week in English.

Compare broker See what benefits one offers over the other. During this review our experts found the ATFX website to run perfectly on both mobile and tablet, in addition to desktop. The website is easy to navigate on all devices, and you can fund your account on the go too. ATFX also allows the use of EAs, or Expert Advisors, for automated trading strategies. Our ATFX reviewers also discovered you are free to install new EAs, indicators, and make full use of the open-source nature of the MT4 by participating in the MQL community. The MT4 also offers a customisable interface that allows the trader to modify the workable space, charts, indicators, and trade directly from the charts.

With these accounts, you will also have a dedicated account manager. On top of the education section, the broker offers resources to help you carry out research and market analysis. There is also a link you can click on to download the software.