ATFX Review 2023 Pros and Cons Uncovered

ATFX cryptocurrency fees include a fee for the Maker and Taker . ATFX is a fast-growingForex Brokerwith amazing competitive trading and also spread conditions.Of https://forexarena.net/ a truth, the number of assets is limited up to 100. This does not displace the fact that the platform is a good one on a general level.

The range of deposit and withdrawal methods offers something for most traders. ATFX is a broker with its headquarters in the United Kingdom, specifically London. This broker offers trading for a range of assets, including forex, CFDs, and commodities. There are several types of accounts available, including for Professional Clients.

Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency. Withdrawals fees vary between ATFX and ATFX alternatives depending on where you are located and how much money you are withdrawing.

How Does ATFX Protect Client Funds?

In this page, you will first be asked to select your preferred language. You should then enter the personal details, financial details, experience, knowledge on finance, and acknowledgements as shown below. A company that offers all these products is a good thing because it allows for diversification. It allows traders to have freedom to trade in assets that they are interested or skilled at.

BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. ATFX provides asocial trading servicethrough the MT4 desktop trading platform. First, you have to register your account by clicking ‘Auto Trading’.

The tight spreads and quick executions are a great benefit for all traders. The technology embraced by ATFX is among the maximum caliber, ensuring that it’s fast, dependable, and effective. Within the fast-paced universe of stock markets and online trading, you will need advice to make educated decisions.

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. Also, the company offers expert market analysis and trade ideas. They make an online trading course available to all live account holders and provide an economic calendar on its website.

Account Types

Some reviewers say their spreads are not quite tight enough, and it’s true that spreads seem to be above average, compared to competitors. There are also allegations that the site does not offer a choice of trading platforms, but we found that simply does not hold water. The ATFX minimum deposit for the Standard Account is just £/€100, for which you get a commission-free trading account with market spreads. The spreads for the Standard account starts from 1.0 pip which is indeed comparable to the spreads offered by other STP trading accounts in the market. Our review of ATFX shows, that clients are given the classic MT4 trading platform.

Holds client funds in segregated accounts that are kept separately from the company’s own capital. ATFX continues to improve because of the recognition and trust of our customers. Check out our client reviews to learn why ATFX is a world-leading broker. ATFX provides trading ideas, based on technical indicators. You can find these trading ideas if you log in to the Member Center, then click ‘Research Platform’ or ‘Featured Ideas’.

Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A ATFX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index , and the Non-Farm Payroll report.

Is ATFX a good broker?

Yes, as a UK-regulated broker by the FCA, ATFX also complies with the Complaints and the Financial Ombudsman Scheme . Furthermore, ATFX follows the Directive on Markets in Financial Instruments of the European Parliament and Council and can legally serve clients in the 27 Euro member states. Stay up to date with the financial markets everywhere you go.

However, this does not necessarily mean that online brokers don’t charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three different types of penalties for this purpose. Along with everything, ATFX has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade must be kept open. The brokers provide premium client service which rewards customers with benefits.

#2 Social Trading

Once you have download the ATFX trading app, you are ready to begin. The ATFX account registration process is simple, user-friendly, and quick. Within 1 most ATFX trading accounts are ready for live trades.

• This may seem like a small number, but within the entire year, it quickly adds to a significant amount of gains.
• You can contact them by phone, email or through the live chat.
• Even though it’s the most popular software for traders of all calibers, it would still be handy to have at least a WebTrader version as well.
• In addition, the broker organizes events and sponsorships with global charity actions.
• Customer support is available around the clock and offers support in multiple languages to cater to traders on a global scale.

In design and functionality, ATFX’s MetaTrader 4 desktop platform is almost the same as the web platform. One big difference is that you can set price alerts on the desktop platform. You can easily view your profit/loss balance and the commissions you have paid. A bank transfer can take several business days, while payment with a credit/debit card is instant.

There is an 800 number from the UK and a separate number for calls from outside the UK. Email addresses are for general information, complaints/disputes, partnerships, support, and sales inquiries. You can also contact support via live chat in the bottom right corner of the page. Additionally, ATFX segregates client funds in trust accounts.

There are over 80 assets you can choose from, including stocks, forex, and indices. The trading platform at ATFX is the MetaTrader 4 platform which is considered the most popular and powerful trading platform in the industry. Furthermore, the MT4 trading platform comes equipped with robust security measures as all data between the server and client atfx review terminal are fully encrypted. Located at the top of the homepage at ATFX are two tabs to register a new account. Traders can either open a demo account or opt-in for the live account. You will first need to select your preferred language of which there are 13, along with personal details, banking information, and referrer information, if any.

It is to establish a feeling of safety and confidence in you before you choose to invest your own money. If trading currency pairs is of interest to you then ATFX offer over 45 currency pairs. In the event you’re withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you’re choosing to withdraw in. Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost.

Edge, premium, and professional accounts have additional perks such as a premium account manager, one-on-one Skype session with the Chief Market Strategist, and invitations to ATFX events. The table below shows more differences between these account types. On currencies, the company offers majors like EUR/USD, USD/JPY, GBP/USD, and NZD/USD. It also offers minor currencies like AUD/CAD, GBP/JPY, NZD/CAD, and NZD/CHF. It also has exotics like EUR/HUF, USD/MXN, and USD/DKK among others.