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You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. ATFX has an office here, and has provided several workshops in different areas. Their account managers take good care of their IBs, and I’m one of them. I really enjoy trading with ATFX because of fast execution, innovative trading platforms and tools. Above all, I can withdraw anytime I want without any problems.
These comments are usually published weekly on the Analysis section of the platform’s site. Even if you do not want to use the daily analysis you can join webinars for free or use technical indicators and tools in the trading platform. MetaTrader 4 is very customizable and gives the trader access to a huge range of tools.
The website is easy to navigate on all devices, and you can fund your account on the go too. At ATFX, you’re able to fund your account in a quick and easy way, via credit/debit card, e-wallet or bank transfer. Deposits made with card/e-wallet will be in your account within 30 minutes, whilst bank transfers will arrive the very next day.
Minimum Deposit
This is a daily market report that can be downloaded from the platform’s site. 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. To protect against an unfortunate event of insolvency, ATFX has FSCS coverage.This scheme is only available for clients trading with organizations authorized by FCA.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. ATFX provides clients with MetaTrader 4 for Forex trading purposes. This has proven to be the most powerful, adaptive, integrated trading software for Forex markets.
Initially, this Forex brokerage was established as a liquidity provider for a wide range of institutional clients. After it achieved its objectives with institutional investors, ATFX decided to branch out into the retail market. fortfs review By breaking down all the barriers to entry in Forex trading, this online broker effectively brings the market to you. Clients can enjoy a user-friendly trading platform with MetaTrader 4, and expert customer service 24/5.
This is a highly popular and attractive option and could be considered the most adopted platform when it comes to Forex trading. This is due in part to how accessible MT4 is, with download options available for Windows, as well as the App Store and Google Play. When performing this ATFX review we only sampled the standard account but those additional features would be worth trying out if your balance can support it. There are 4 main types of accounts offered by ATFX London office, namely the Edge Account, Professional Account, Premium Account and the Standard Account. There are some key difference in the qualification and the underlying offering of each which you will see in the image below but we will touch on the main focus areas. ATFX review their costs relatively often and offers a highly competitive overall costs package regardless of the account type.
A demo account is available with ATFX, which is typical with nearly all Forex and CFD brokers. As an STP broker, ATFX are able to provide users with the confidence in knowing their trades will be executed quickly and transparently. Despite the popularity of MT4, the breadth of platform offering with ATFX being limited to this single option seems a little small then compared to other brokers who offer multiple options or custom platforms.
ATFX review Markets and products
Some of the exotic currency pairs they make available to trade are the Russian Ruble, South African Rand and the Polish Zloty. Before creating a real account and depositing real funds, you will have the option to try a demo account. You can actually switch to demo at any time, even after you have deposited funds into your real account. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. We tested the fees for the Standard account, which charges no commission but spreads are higher. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas.
As a regulated firm, ATFX’s staff undergoes special training for handling complaints. Their customer service includes a comprehensive complaint handling procedure that includes a full response with an explanation. As such, ATFX tends to handle complaints very well and resolve issues fairly shortly. Funds will be returned to clients with the same payment methods used to deposit. For example, if a deposit is made by credit card, funds will be returned to the same credit card.
For convenience, ATFX offers an updated list of trading conditions for each individual asset. These are divided by category, such as forex majors, minors, and exotics. Other categories include metals, oil, indices, cryptos, and shares.
We also compared ATFX’s fees with those of two similar brokers we selected, XM and ETX Capital. This selection is based on objective factors such as products offered, client profile, fee structure, etc. From bank transfers to electronic wallets, you have many options for deposit and withdrawal, and they’re all free of charge. All of the withdrawal methods, except bank wire, are fee free.
Deposits & Withdrawals
ATFX forex fees are low, beating those of its closest competitors for all currency pairs. To have a clear overview of ATFX, let’s start with the trading fees. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees. We ranked ATFX’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. This seems to apply to the ATFX Global Markets Ltd. brand only, as we were able to successfully open an account from our U.S. offices.
ATFX mobile trading platforms come in versions of MetaTrader 4.So you can download the application that supports either the Android or Apple devices for yourself, allowing you to trade anywhere and anytime. ATFX offers one type of trading platform, namely the highly popular MetaTrader 4. While this might seem like a limited offering, MT4 is possibly the most popular trading platform today due to its suite of advanced features and fast execution. ATFX offers three types of accounts, namely the Edge Account, Professional Account, and a free demo account. On the other hand, some brokers will offer one standard account type which aims to target a certain group of clientele.
How much money should I deposit when I begin?
It comes into effect in a special case when the company is unable to satisfy its repayment claims. What happens, in this case, is that the FSCS awards each client a compensation fee of about £85,000 for eligible investments. Trade more than 6,000 markets without commissions and professional platforms. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.
The Rebate Promotion will allow traders to earn up to $2,500 cash back for trading during the promotion period. There are five different levels, each of which pays out higher rebates. The level that you have access to depends on your initial deposit, with $1,000 being the lowest deposit amount to qualify for level one, and more than $10,000 being needed to qualify for level 5. If you have at least $1,000, this promotion will be a good opportunity.
Visit the site where you have CLIENT PORTAL, and you will see DEPOSIT, select it. Bear in mind ATFX does not accept third-party payments, which could mean that your deposits must and must only come from your accounts. Some extra features that come with the iPhone MT4 application include EAs and personalized indicators. This also applies to the Android application umarkets review as all mobile versions have been built to include complete functionality and full performance of the tools of several functions. Some of which are advanced chartings like rapid analysis and customization. There is also flexibility when it comes to making adjustments to your strategy and full support for assets, hence enabling a possibility of diversification.
To make a deposit, clients must log in to their account and then navigate to the deposit option. MiFID is behind the regulations of financial instrument markets that provide investment services, including activities. As MiFID operates specifically in the European Economic Area , ATFX follows its regulations as a broker that works with clients from all over the world, especially in the relevant regions. Apart from this, ATFX has introduced innovative technologies to its clients such as Facial Recognition Services and Adobe-Sign technology to speed up registration processes on the client portal. ATFX has partnered with automated market analysis software provider Autochartist to offer trading analysis to its clients.
For those amongst you who are outside of the EU, you currently have the offer available with ATFX which is $100 USD welcome bonus on a $200 first time deposit. Once you have traded through volume of 6 lots you will be able to withdraw the welcome bonus alongside your deposit amount. The crypto offering with ATFX is currently limited to 4 and they do not have real stocks available so if you are looking for anything more exotic unfortunately you will not find that here. There is a little room for improvement with the offered spreads but if you are looking to keep your overall trading and funding costs down, ATFX must come into consideration. As mentioned above, the broker originally was formed focusing on institutional and non retail traders. It has decided to revert back to this model for Europe and not bring on board any new retail traders.
The same method that was used to fund an account must usually be used to withdraw money again and monies will only be refunded to accounts that carry the same name as the trading account with ATFX. ATFX provides a Forex Education Centre, where you can develop your trading skills with the broker’s free education resources. Find e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies, and more. ATFX offers a range of research tools, which include Trading Central, an economic calendar, and a quarterly market outlook. As such, the FCA provides numerous protection measures, including a compensation scheme that covers client losses in the case of broker insolvency.
Education
To opt for an Edge Account, you simply create your ATFX via the regular process. Once you validate the live account, you can contact ATFX customer service to switch to an Edge Account. If your Edge Account drops below the $5,000 equity minimum, ATFX may change it to a Standard Account. The goal of MiFID was to harmonize financial market governance in the EEA.
ATFX allows deposits and withdrawals in USD, EUR or GBP and charges no fees for any withdrawal over 100 USD. In the case of bank transfers, your bank may charge you for transfers. Like most brokers, withdrawals can only be made by the same method as the original deposit. This includes market news and analysis for popular products such as oil, precious metals, indices, gold, crypto, and FX majors.
Do I really need a crypto wallet?
You do not need to own a hardware wallet in order to buy, store, or send bitcoin. But hardware wallets can significantly improve security by reducing the risk of your bitcoin being stolen.
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.
Can you open an account?
Changing the language is a bit tricky on Android devices, though. You can do it only if you change the default language of your mobile. During our test, we had to re-send our documentation to customer service. In the process, just2trade review they reached out to us immediately, and after sending our documents, our account got validated almost instantly. However, our validation email was sent in Italian, which was surprising as our earlier discussion was in English.
Types of Accounts and Their Features
It also has other non-members in it and they include Iceland, Norway, and Liechtenstein. As per the regulation norms, it is quite clear that they are an authorized FX broker as far as a CFD broker. There are some strict CASS rules that have permitted this ATFX broker to hold client funds during the course of daily transactions. It would be pertinent to mention here that ATFX makes use of the most advanced and most modern bridging technologies. This helps traders to not only enjoy the best of ATFX bonus systems and ATFX spread conditions but also enjoy other benefits and facilities.