Forex Trading

ATFX Review 2024: Pros, Cons, & Fees

ATFX is a relatively new broker, but they have invested heavily in making a solid trading platform. Education and market analysis are strong and spreads are relatively tight compared to other brokers of a similar type, though only the MT4 trading platform is supported. While it is always great to see free deposits and withdrawals, we would also like to see more account types with lower minimum deposits. As it stands, most beginners would be restricted to the Standard Account. It is also a shame that the minimum deposit on the commission-based Premium Account puts it out of reach of most traders.

Customer Support

ATFX is also regulated by the Cyprus Securities and Exchange Commission (CySEC), and Market in Financial Instruments Directive (MiFID). ATFX has gained the reputation of running a smooth operation within a relatively short period. While its primary market is in the UK and European markets, it has been gradually establishing a foothold in South East Asia and Middle Eastern countries. Traders can fund their account with a deposit of $€£500 deposit. Also, they’ve added Autochartist analytics to their WeChat Account for their Chinese clients.

FP Markets vs. Tickmill

It could also impact trading robots overnight as they may fail to enter or exit positions at that time. The indices section at ATFX offers access to a wide range of underlying assets, such as the SPX500, US30 and NAS100. ATFX UK is also MiFID-compliant – the Directive on Markets in Financial Instruments. MiFID regulates financial institutions that provide investment services and activities, specifically in the European Economic Area. The EEA includes Liechtenstein, Norway, Iceland, and other EU member states. Users who open a Premium account also receive a number of exclusive benefits, including premium videos and tutorials, plus full access to Trading Central.

Trade with trusted forex broker from UK

When it comes to data security, ATFX makes sure your data is secure with SSL encryption. 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. 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. Market analysis and account management features can also be used through the web interface.

Broker Information

Compare the markets and instruments offered by ATFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. More useful information about the broker can be found under trader forums. Bank wire transfers can take around two to five working days to process.

Since becoming Managing Director of ATFX Levant, I have overseen the evolution of our corporate culture by reinforcing these pillars. This collective effort has contributed to our growth and success in the competitive financial services sector. Once you have familiarised yourself with the forex market through demo trading, the next step of your journey begins when you open a profile account with a trustworthy broker. You can complete a profile at this stage so your broker can identify you.

When you choose to spread bet with ATFX, there is no UK stamp duty or capital gains tax. There are also no commissions and spreads are competitive, starting at just 0.6 pips. Spread betting lets you speculate on the rising or falling markets.

  1. Access tight spreads from 0 pips on a decent range of 44 currency pairs.
  2. ATFX offers a limited selection of assets for CFD trading, some of which include 15 indices and more than 50 individual stocks.
  3. It is also important to know about the spreads on ATFX, which are competitive compared to other brokers on the market.
  4. ATFX offers a wide selection of deposit methods to transact on your account, including Mastercard, Visa, Neteller, Skrill, Bank Wire Transfer, and
  5. We value transparency and openness in the way we review the partners.

We enable our traders to implement their own trading strategies based on 44 forex trading currency pairs, with localised expert support available 24/5. ATFX offers three account types with different trading conditions and deposit requirements. Spreads are relatively tight and, like most brokers, get tighter on the accounts with larger minimum deposits.

ATFX has taken the decision to cease providing services to retail clients with immediate effect. The most popular payment option is MasterCard or VISA credit and debit cards, but you can also use e-wallets such as MoneyBookers, Neteller, and others. We are certain that the transfers are accepted in a variety of currencies but please contact customer support if you are not sure whether your currency is accepted. As you can see, the main difference is that the Edge account provides traders lower spreads compared to the Standard account.

You will not be able to complete the registration process without providing the necessary documents. The minimum trade size when it comes to forex is one microlot, and the company offers negative balance protection along with hedging and scalping. Client funds are held in segregated accounts that are separate from the company monies.

There are, however, more webinars available from ATFX than many competitors offer. The webinars are free to ATFX clients but do require registration. ATFX does not take any responsibility for the completeness or accuracy of the reports. Even so, the inclusion of the reports for ATFX clients is an incredibly useful tool.

For enhanced trader confidence, Trading Central is part of three associations for Independent Research Providers, including Investorside Research, Euro IRP, and Asia IRP. Trader atfx review Central is also a Registered Investment Advisor with the SFC (Hong Kong) and SEC (US). Trading Central is used in 45 countries and is free to access for all platform users.

It is designed to help you develop an effective trading strategy to make long term profits. ATFX also supports deposits using a handful of e-wallet providers such as Neteller, Skrill, and SafeCharge. Furthermore, clients can make deposits and withdrawals using a bank wire transfer.

You can then refer to the same strategies you perfected in demo trading to identify opportunities for your first trade. Once you place your first few trades, stay calm and adjust your positions according to how the market environment behaves. Forex brokers provide their clients with a wide selection of automated order-processing solutions. The forex trading platform is customised to the client’s needs because individual clients may have varying market-monitoring styles and preferences.