ATFX Review 2024: Pros, Cons, & Fees

atfx broker review

Registering for ATFX’s eBooks will help clients understand trading and learn how to enter the financial markets. ATFX’s free educational eBooks mean clients will be able to overcome the struggles of trading by building on existing knowledge of the financial markets. ATFX also provides unlimited access to Trading Central (subject to account type), which means clients can use this trading tool to make the best of their open positions. The most notable features of ATFX worth are that they offer decent liquidity, competitive spreads, and offer award-winning customer service. This website is independent of of all forex, crypto and binary brokers featured on it.

atfx broker review

Spread Betting

ATFX received an ADVFN award for Best Customer Service in 2019. ATFX has opened a forex education center that can be accessed by clients on the company website. The courses include subject matter on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, capital management, and more.

Payment Methods

After a glimpse of the demand from other regions, growth became a strategy. To deliver on this, you need to know the clients in each region. This is why we only hire team members local to the respective regions. 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. As they started in 2014, they have won relatively few awards to date despite receiving typically favourable reviews.

How can I start trading with ATFX?

  • Since its establishment in 2014 they have emerged as a top player in the industry of online trading.
  • There is a very high degree of risk involved in trading securities.
  • The Trading Central is one of the most efficient data analysis providers for forex and CFD traders.
  • ATFX is a great agent, and its own users may vouch for it.
  • If you are based in the UK, the spread betting option might be attractive to you as this method of trading is capital gains tax-free.

The Web Trader is a much simpler platform, which is obviously less powerful than the downloadable MT4 in the way of charting options and trading tools. It too can be used for opening positions though, and its execution is indeed rather impressive. There’s flexible, non-stop long/short atfx review trading, which in Forex terms translates to 24/5. Top-notch execution is assured by STP (Straight Through Processing). The asset list includes 43 currency pairs, among them majors (like the most popular EUR/USD), minors like AUD/CAD, and exotics, such as the EUR/HUF.

The minimum amount you will have to deposit to be allowed to access the trading space is $200 for the Standard account. 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. ATFX has a strong commitment to ensuring that client funds remain safe at all times. The company uses the latest encryption technology currently available to protect data.

It is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell securities or stocks. ATFX offers competitive pricing on a wide range of CFDs, including forex, commodities, indices, shares, etc. ATFX, a leading global online trading broker, is pleased to announce the appointment of John Bogue as the Director of Institutional Operation. Traders are protected against broker defaults in amounts up to £85,000 per person under the Financial Services Compensation Scheme (FSCS), while accounts of E.U.

Once logged in to the MT4 platform, you will need to register for your social trading account by clicking on the ‘auto trading’ button. ATFX offers a limited selection of assets for CFD trading, some of which include 15 indices and more than 50 individual stocks. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical toolsto help you analyze the price movement, so you can increase your profitability by placing well-plannedtrades.

All funds are returned to the original payment source that was used to make the deposit. Pending orders are triggered, transacted, and executed as a market order. Market orders are forwarded to the market, and then executed at the market’s tradeable price. After execution, information regarding transactions is sent to the MT4 platform.

Besides, ATFX also does not provide services to politically-exposed countries such as North Korea, Syria, Iran and a few others. When it comes to forex trading, they offer access to only 42 currency pairs, which is less than the majority of other platforms. They still provide you with the ability to trade all of the major pairs but offer a limited selection of minor and exotic currency pairs on their platform. For traders with experience and who meet certain criteria the broker also offers a professional account. As a Cyprus Investment Firm, the operator is a member of the investor compensation fund.

Following processing, funds will usually clear between 1 and 3 working days. International bank wires typically require 3 to 5 more working days to appear in your account, depending on the bank. Withdrawals via e-wallets will typically arrive within 2 days. Refunds to debit and credit cards typically finish processing in 2 to 5 days.

The ATFX global markets can be accessed from the UAE, Dubai, Mexico, Kenya, Abu Dhabi, Africa, China, and many other regions. Some websites from the Philippines and Malaysia even provide country-specific reviews. However, you won’t be able to use the platform if you are from Egypt. On the website, users can read and download documents related to regulation and compliance, including CFDs and spread betting. All the company’s terms and conditions relating to their specific products and services can be found here. ATFX offers mobile trading platforms that are versions of MetaTrader 4.

If you wish to further protect your accounts, it is possible to enable Two-Step Verification also. If you are confident of your knowledge and understanding, you can open an account with ATFX. We made a request to ATFX livechat via their website and app and got a reply in https://forexarena.net/ less than 20 seconds. Understand the trading resources available with ATFX, Startrader & freetrade below. Understand the capabilities of the mobile apps of ATFX, Startrader & freetrade below. ATFX has a wide variety of over 57 instruments available for you to trade with.

Inactivity fees are not just charged by brokerage companies but also many financial services. ATFX are a trustworthy trading platform that has been operating for over 10 years. They offer a wide range of options in their customer accounts. Many unethical brokers attempt to pressurise users into larger funding for premium services.

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