ATFX Broker Review Forex Broker Analysis

We will be taking a look at the leverage, spreads, deposit/withdrawal options as well as the overall usability of their website. According to the requirements of MiFID, the operator keeps the monies of its users in segregated accounts, with top European financial institutions. The group AT Global Markets (UK) is also a member of the Financial Services Compensation Scheme (FSCS), which covers eligible investments of up to £85,00 per person, per firm. When reviewing ATFX, our experts spent a lot of time testing the broker’s customer service options. They were happy to report that you are in safe hands, as ATFX received the ADVFN award for Best Customer Service in 2019. AFTX boasts a London headquarters, and it boasts an extended presence around the world.

  • They also provide trading strategies content on their website that is worth for a read.
  • From our investigation, it appears that the broker has variable and tight spreads on its different trading accounts, with a starting spread of 0.6 pips on the Edge account and 0.0 pips on the Premium account.
  • The Trading Products section at ATFX offers a comprehensive choice of financial assets to trade, including FX and CFDs in shares, cryptocurrencies, indices, and commodities.
  • AtFX is an international broker regulated by the Financial Conduct Authority (FCA) and other regulatory authorities.

The Edge account will require a minimum deposit of $5,000 and will offer a minimum spread of 0.4 pips on currency pairs, such as EUR/USD, along with a commission fee of $6 for every lot. This is essentially the same as a total spread of one pip on every one lot traded. Once you’ve completed the registration process by providing your personal details, banking details, trading experience, and documents, you will be able to fund your account. ATFX offers a wide selection of deposit methods to transact on your account, including Mastercard, Visa, Neteller, Skrill, Bank Wire Transfer, and

Markets and Products

It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.

As for educational tools, the ATFX broker does not offer the most excellent variety of resources of this type compared to other brokers but regularly provides free webinars to all its clients. From our experience, the test results and conditions for traders are speaking for themselves. ATFX is a regulated Forex Broker based in the United Kingdom, specifically in London. This broker allows trading with a wide variety of markets, including Forex, CFD, and raw materials. There are various types of accounts available for all sorts of clients, even for professionals.

Clients can enjoy a user-friendly trading platform with MetaTrader 4, and expert customer service 24/5. Localized support services make it easier to understand the intricacies of the trading platform and the financial markets. To facilitate ease of entry, ATFX offers a $100,000 demo money trading account under real market conditions. ATFX brings the market to a broader spectrum of clients by breaking down barriers to trading and adopting the use of a user-friendly platform.

They are obligated to protect customer data following GDPR and EDPA guidelines, so they cannot disclose client information to third parties and need to guard against data breaches adequately. The company has several active social media accounts for both its global and U.K. There are no fees attached to deposits in pounds sterling, U.S. dollars and euros. The straightforward yet sophisticated MT4 platform has a desktop, mobile and web-based application.

Types of Accounts and Their Features

Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. 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. The company has received awards for its customer service that is focused on its 24/5 Live Chat service, although local phone numbers and email support are also available.

Spread Betting

The four retail accounts offer plenty of choice for individual traders. For traders who meet the right criteria the broker also offers a professional account. You must qualify as an elective professional, and evidence will be required when applying. The professional account does not, however, offer negative balance protection, as the retail accounts do. These include the real money trading account and the demo trading account with a $100,000 faux trading bankroll.

Before creating a real account and depositing real funds, you will have the option to try a demo account. You can actually switch to demo at any time, even after you have deposited funds into your real account. It is also important to know about the spreads on ATFX, which are competitive compared to other brokers on the market. ATFX Spreads vary depending on the account type with spreads on the Edge account are low and competitive compared to any broker in the industry.

Deposits And Withdrawals Limits At ATFX

The Standard Account offers a low minimum deposit requirement, educational materials, and access to market analysis to help newcomers get started. AtFX is an international broker regulated by the Financial Conduct Authority (FCA) and other regulatory authorities. This means that they have met strict requirements to provide fair trading conditions and protect clients’ funds. Spread bets and CFDs are complex instruments and come with a high risk of losing money
rapidly due to leverage.

How much money should I deposit when I begin?

The company was originally named Positiva Markets Limited but realised the potential of profits that could be made within the retail market. It’s for this reason that the company decided to change their name to ATFX and cater to the retail trading market on a global scale. In terms of mobile charting indicators and studies ATFX has 7, compared to the industry average of 43.

Some extra features that come with the iPhone MT4 application include EAs and personalized indicators. This also applies to the Android application as all mobile versions have been built to include complete functionality and full performance of the tools atfx broker review of several functions. Some of which are advanced chartings like rapid analysis and customization. There is also flexibility when it comes to making adjustments to your strategy and full support for assets, hence enabling a possibility of diversification.

Choose from 4 accessible account types

You can then click on the signals tab in the toolbox window positioned at the bottom of the platform’s display to choose trading signals that you wish to follow. The company also lets you trade CFDs using a third party or your automated trading software via MT4. The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. My IB have been trading with ATFX for a long time, no slippage, great service and fast resolution. When i traded EBAY stock, the broker intentionally raised my trading fee from 6$ to 260$ causing me to lose.

They will allow them to register in the country, but that doesn’t mean that their financial regulator will be held accountable for their actions. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. You can also enjoy mobile trading via the MetaTrader 4 app, which is designed for both iOS and Android smartphones. This broker did not score well during our testing process and is not recommended by our experts.