Within this review, we’ve tried to collate a number of the important aspects of ATFX. This guide can allow you to learn whether ATFX is a great match for your investments or not. We’ve attempted to breakdown all the qualities and charges for your convenience.
For the best results and least hassle, ATFX suggests only contacting the FOS following a final response from ATFX. ATFX also has its own self-developed accounting system which is automatic. It ensures that withdrawals are only possible when the identity of the client matches the information on the account.
It is designed to help you develop an effective trading strategy to make long term profits. 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.
You will also see the previous markets as well as reports of recent months that have passed. By the third party, I mean ATFX does not validate either can they ascertain the integrity or accuracy of the reports. Even so, the inclusion of ATFX customer reports is an extremely useful tool. Besides, they save a lot of time in research or complement other trader research strategies. Also, it is worthy to note that should in case an issue arises, and the company becomes insolvent, your funds will remain intact. As long as they are segregated, it is impossible to use them to reimburse creditors.
Forextraders’ Broker of the Month
He loves researching the financial industry, managing his long-term investments, and trading with algorithms. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge. You can use a demo account, read books atfx trading platform and participate in webinars, among others. Besides bank transfer, you can deposit money via credit/debit cards, and electronic wallets such as PayPal, Skrill, Neteller or SafeCharge. For non-UK clients, alternative e-wallets like Trustly are also available.
You do this by clicking a link that is sent to you as soon as you register. After this, you will need to upload your ID or passport and a proof of residence. After you have entered these details, you need to submit your personal documents like the identification card and a proof of residence. It is used to ensure that companies abide to the know your customer and anti-money laundering laws. While all ATFX account holders will have access to Trading Central, only those with Classic, Premium and Raw Account will get full access to Trading Central’s signals library. AT Capital Market’s CEO has since resigned from the company.
- Most educational tools can be found under the ‘Education’ menu on the website.
- This usually means that ATFX users do not need to worry about their money as it is segregated and safely kept in established banks.
- With that being said, it still does not mean that ATFX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
- To deposit funds into your ATFX account, just log into your account.
To learn more about how we test and recommend brokers, read our methodology. Personal data (full name, sex, email, telephone number, country of residence, type of account of your interest, etc.). ATFX has improved a lot over the years, good to see they are making effort to make trader’s life easier. ATFX is very user-friendly and provides a good set of analytic tools. I love ATFX because of its fast response and great support.
Choose from 4 accessible account types
Education and market analysis are strong and spreads are relatively tight compared to other brokers of a similar type. James West is a freelance editor working out of Romania. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too. The trading platforms offered by ATFX are outstanding and EAs are supported. The leverage levels are reasonable as well, and customer support is excellent.
Third-party partnerships also provide in-house research. ATFX is a online trading broker with its head office in Cyprus and provides a range of instruments for online trading. Since its beginning in 2014 they have emerged as a top player in the industry of online trading. ATFX has a highly reputable and full-featured trading site that’s focused on currency, indices, metals, stocks and commodities. It’s essential to be vigilant and rigorous in your ATFX broker selection to protect your hard-earned money.
My Account Manager usually answers and provided solutions for me. As a “newbie”, this responsive customer support is what I need. 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 https://forexarena.net/ access higher leverage ratios when trading through them. Traders are protected against broker defaults in amounts up to £85,000 per person under the Financial Services Compensation Scheme , while accounts of E.U. Traders are only protected up to €20,000 by Cyprus’ Investor Compensation Fund .
The ease of deposits and withdrawals is very important. They also want the deposits and withdrawals to be fast. It accepts credit and debit cards, e-wallets like Skrill, Neteller, and SafeCharge, and direct bank deposits.
What about the minimum deposit?
Opinions, market data, and recommendations are subject to change at any time. So the trading fees can be depending on your asset to trade. You can choose between the spread account or the commission account. These comments are usually published weekly on the Analysis section of the platform’s site.
These include a lack of negative balance protection and waived restrictions on CFDs. ATFX can also use sophisticated market language when talking to professional clients and assume higher experience levels. There are also changes to considerations for best execution. For retail clients, priorities are the transaction cost and the overall price.
Trade with trusted forex broker from UK…
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform on your own. With this virtual ATFXdemo account, you can experiment in any way, to whatever length you desire. You can also open positions, examine different trading strategies, and much more.
It has to be noted that traders are required to keep at least $5,000 in their Edge accounts, to maintain their status. ATFX reserves the right to change Edge accounts to Standard in the event this minimum equity is not maintained. 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.
There are over 80 assets you can choose from, including stocks, forex, and indices. Yes, you can open an account with ATFX if you are residing in Hong Kong. However, the broker does not offer its services to residents and US citizens due to the stringent laws which prohibit CFD trading on both domestic and foreign platforms. Besides, ATFX also does not provide services to politically-exposed countries such as North Korea, Syria, Iran and a few others. Depositing funds into an ATFX account is an easy and secure process. Funding can be done using credit cards, debit cards, or wire transfer, as well as electronic payment methods such as Skrill and Neteller.
There are different account types available for traders who want to start with ATFX. This is a good option to get tighter spreads or different leverages. Overall, there are 4 different account types which we will show you in the next table. If you make a bigger deposit you will trade with better trading conditions.