ATFX Review 2024
Website: www.atfx.com
Min. Deposit: US$ 100
Leverage: 1:30 | 1:400
Trading Platforms: MT4
Regulation: FCA, CySEC, FSC, FSA
Headquarters: UK
Founded: 2017
Regulatory Licenses:
- AT Global Markets (UK) Ltd - authorized by FCA (UK) license no 760555
- ATFX Global Markets (CY) Ltd - authorized by CySEC (Cyprus) license no 285/15
- AT Global Markets Intl Ltd - authorized by FSC (Mauritius) license no C118023331
- AT Global Markets (SC) Limited - authorized by FSA (Seychelles) license no SD093
Updated on March 8, 2024
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In our comprehensive review process, we meticulously evaluate each forex broker against a broad spectrum of criteria. Our methodology includes an in-depth analysis of regulatory compliance, trading platforms, asset offerings, account types, fees, spreads, customer service, and educational resources. We conduct our reviews by comparing these features across over 1000 brokers to provide a detailed and unbiased assessment of each brokerage firm.
ATFX is recognized as a notable brokerage firm that facilitates trading across a wide array of financial markets, encompassing Forex, CFDs, shares, metals, oils, indices, and cryptocurrencies. It's important to highlight that ATFX operates under multiple entities across various global regions including Europe, Africa, Asia, and the Middle East. The brokerage is regulated and authorized by premier financial authorities such as the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, alongside holding international licenses in Mauritius by FSC and in Seychelles by FSA.
Pros
ATFX is recognized for its secure trading environment, cuttingedge technology, and comprehensive range of trading instruments at competitive pricing.
The MT4 platform is accessible across desktops, web browsers, and mobile devices, enhancing trading flexibility.
A rich assortment of educational materials, market news, analyses, and insights is provided to support traders.
Cons
Trading conditions may vary depending on the entity.
Customer support is not available 24/7.
ATFX Review Summary in 12 Points ▲
Headquarters: UK
Regulation: FCA, CySEC, FSC, FSA
Platforms: MT4
Instruments: Forex, CFDs, shares, metals, oils, indices, cryptos
EUR/USD Spread: 1.8 pips
Demo Account: Available
Minimum Deposit: $100
Base Currencies: EUR, USD, GBP
Education: Provided
Customer Support: 24/5
ATFX emerges as a highly competitive brokerage firm, appealing to traders of all levels with its transparent and low-cost trading services. Based on our extensive evaluation and comparison with over 1000 brokers, ATFX secures an impressive overall ranking of 4.5 out of 5.
ATFX is far from being a scam; it is a reputable brokerage firm, underpinned by regulation from the FCA and CySEC. These regulatory bodies impose stringent standards to ensure ATFX adheres to high operational and ethical benchmarks.
Undoubtedly, ATFX is a legitimate and regulated broker. It adheres strictly to regulatory requirements and undergoes rigorous monitoring to bolster trader safety and confidence. The ATFX Trust Score stands at 4.5 out of 5, reflecting its commendable reputation and service quality. Yet, traders should note the existence of trading services via offshore entities.
ATFX assures the safety of client funds through account segregation, ensuring they are not used for company operations. Additionally, our findings reveal that the broker provides negative balance protection to prevent clients' accounts from falling into negative balance during market upheavals or unforeseen events.
Leverage, while a powerful tool for amplifying profits, demands careful handling to mitigate potential losses. ATFX offers leverage tailored to regulatory standards:
UK traders can access leverage up to 1:30 for major currency pairs.
European traders are afforded a maximum leverage of up to 1:30 for major currency pairs.
International traders may leverage up to 1:400.
From our research, it was found that the broker offers four distinct trading accounts to its clients: Micro, Classic, Premium, and Raw. Each account type is tailored to accommodate the varied needs and experience levels of traders, providing a range of features and benefits. Clients have the flexibility to trade in several currencies, including EUR, USD, and GBP. The broker also provides Swap-Free accounts, commonly referred to as Islamic accounts, catering to Muslim traders. Additionally, beginners can benefit from the Demo account, which is available for free. This account allows novice traders to hone their skills through simulated trading environments.
How to Open a Live Account with the Broker?
The process of opening an account with the broker is straightforward. Prospective clients should:
Navigate to the 'Open Account' page and click on it.
Fill in the necessary personal details (such as name, email, and phone number).
Submit required documents for verification (proof of residence, ID, etc.).
Complete an electronic quiz to verify trading experience.
Once the account is verified and activated, proceed with depositing funds.
Our thorough analysis revealed that the broker offers a wide array of trading instruments, including Forex, CFDs, shares, metals, oils, indices, and cryptocurrencies. The broker also provides international traders with the opportunity to leverage up to 1:400, enhancing their potential for profit while enabling sound risk management. However, it was noted that several popular asset categories such as futures, bonds, and options are not available for trading. The broker's selection of trading instruments receives a score of 8.5 out of 5, reflecting its broad range but noting the absence of certain asset classes.
Upon examining the broker's fee structure, it was found to offer competitive pricing models based on account types and spreads, without imposing commissions or hidden fees. Deposits and withdrawals are free for transactions over €/$/£100, although overnight fees are applied to positions held for more than a day. When compared to a comprehensive analysis of over 1000 brokers, the broker's fees are considered low to average, earning an overall rating of 8.5 out of 5.
Our investigation into the broker's spreads revealed that it offers variable and competitive spreads across its various trading accounts. The spreads begin at 0.6 pips on the Edge account and can be as low as 0.0 pips on the Premium account. The average spread for the EUR/USD pair on the Classic account is noted at 1.8 pips. The broker also ensures speedy order execution, contributing to efficient and cost-effective trading for its clients. Despite the competitive nature of these spreads, when compared with the industry average, the broker's spreads are considered to be on the higher side, resulting in an overall rating of 8 out of 5.
Offering a multitude of funding options, this broker caters to its clients by accepting deposits through Bank Wire, Credit/Debit cards, Skrill, and Neteller. It's important for clients to be aware that certain deposit methods may come with specific requirements or restrictions, which could be influenced by the client's banking institution or other financial entities.
The broker's funding methods have been evaluated as favorable, achieving an overall score of 4.5 out of 5. The fees associated with these methods are low, and clients can benefit from a variety of account-based currencies.
Here are some notable strengths and weaknesses identified in the broker's funding methods:
Pros
Low fees across various funding methods
Multiple account currencies available
Cons
Certain restrictions may apply depending on the banking institution
The minimum deposit required to open a live trading account is $100 for the Micro account, which is notably lower than the $500 minimum deposit required by most other brokers. Withdrawals are processed efficiently, typically within 3 to 5 business days, depending on the method used.
The MetaTrader 4 platform, available in desktop, web, and mobile versions, is provided by the broker. Known for its sophisticated features, user-friendly interface, and efficient trading tools, MT4 is a favorite among traders.
Trading Tools
MT4 offers traders advanced charting capabilities, technical analysis tools, trading signals, market news, alerts, and VPS. The possibility to use Expert Advisors (EAs) enhances trading by automating strategies, aiding in market analysis, and optimizing entry and stop-loss strategies. Against a backdrop of 1000 brokers, the broker's platform stands out with a score of 4.5 out of 5.
The broker prides itself on offering 24/5 customer support through Live Chat, Phone lines, and Email. The team is composed of trading experts ready to provide technical support, analysis recommendations, and help with general inquiries or operational issues. Based on our evaluations, customer support has been rated 4.1 out of 5.
Traders have access to a wealth of resources including market analysis, trading strategies, financial events, and an economic calendar. The broker also hosts trading seminars and webinars, along with offering technical analyses to aid in making informed trading decisions. The educational offerings have earned a rating of 4.3 out of 5, reflecting the extensive resources available to traders at all levels.
ATFX stands out as a reliable and well-regulated broker, offering a comprehensive range of trading instruments and accounts suitable for all types of traders. With competitive pricing, quick order execution, and a variety of funding methods, it presents a convenient and efficient choice for traders worldwide.
Customer support and educational resources are noteworthy, providing significant benefits to both novice and experienced traders. Overall, the broker has garnered positive feedback for its trading conditions and services.
We recommend conducting your own research to determine if the broker's offerings align with your trading needs. ATFX is particularly suited for:
Traders from the UK
Traders from Europe
International traders
Those who prefer the MT4 platform
CFD and currency trading
Beginners and professional traders
Muslim traders
Institutional trading
Scalping/Hedging strategies
NDD/OTC execution
Competitive fee structures
Exceptional customer support
Comprehensive educational and research materials
EA/Auto trading
