ATFX Review 2023: Is ATFX Scam or Legit Forex Broker ️

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. The idea of the Premium education feature is to complement the free raw spreads and VPS offered by this type of account.

  • Professional client classification is also available from ATFX.
  • Fees are not transparent, and neither are the trading conditions.
  • There currently are webinars available in English, Spanish and German.
  • Our broker ratings are also informed by the experience of our researchers during the evaluation process.

Following execution, the information regarding the transaction will go to the MT4 platform. The execution price for market orders is influenced by the amount of liquidity from banks and if it is enough. Remember that the MT4 platform will send the transaction instructions to the given MT4 server.

Depositing Process

The average EUR/USD spread for Forex on the Classic account is 1.8 pips. In addition to competitive spreads for CFDs, ATFX ensures fast order execution, which results in effective and affordable trading solutions for traders. As far as the Spot Forex offer is concerned, ATFX boasts great order execution, attractive leverage, and a superb client portal for account management – among other things. 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. ATFX offers best in class trading experience for its various Forex pairs and CFD instruments via the popular MetaTrader 4 trading platform.

  • It’s a great and intuitive platform with helpful features for your ease.
  • The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
  • You’ll discover the clean design of the platform along with the commendable features that are pleasant to work with.
  • The WebTrader is a stripped-down version of the desktop platform.

MT4 for iOS or Android also includes advanced charting, such as customization and rapid analysis. You get the flexibility to adapt to your trading strategy and full support for assets, allowing for diversification. MetaTrader 4 also has a WebTrader which is optimized to maximize web-based performance. It works in all browsers and does not require any download whatsoever. It even incorporates real-time information, so traders can make their decisions with all the available information. It also includes the full flexibility of the Desktop platform plus advanced charting.

Trade with trusted forex broker from UK…

PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. ATFX delivers an average spread of N/A when trading the EUR/USD within a standard atfx review account. The all-in cost of trading the EUR/USD with an active account is N/A. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in).

Regulation of AFTX – Is the broker regulated?

They are among the world’s top trading platforms and a dominant figure in the Fintech revolution. But, non-trading fees charged by ATFX are relatively competitive. Consequently, you are billed more for non-trading activities on your trading account, such as deposits and withdrawal. These are not related to the purchase and sale of resources.

The processing times on all deposit methods is instant, except for the Bank Wire Transfer option that can take between 3 7 business days to reflect the funds in your account. The minimum deposit at ATFX is $100, and traders simply need to choose their preferred deposit method, enter the amount they wish to deposit and click on “Deposit”. This includes unlimited access to TradingCentral (depending on your account type), where you can use expert market analysis derived from automated third-party services. This is completely unbiased, customizable, and spans over 8,000 financial instruments. It also offers trading signals, including price indicators, entry/exit signals, and slow and fast oscillators.

Does ATFX offer email customer support?

Pending orders are triggered, transacted, and executed as a market order. ATFX UK operates a “no dealing desk” policy, reducing broker intervention and improving the transparency of trading conditions and the trading environment. That said, there are plenty of learning and support features included on the website that provide beginners with a clear insight into the world of trading and spread betting.

ATFX Global Markets (CY) Ltd operates from Limassol, Cyprus. That division of ATFX is regulated by CySEC, the Cyprus Securities and Exchanges Commission. CySEC regulation provides brokers with access to EEA and EU countries. Also, the Middle East and Switzerland have access to ATFX UK via CySEC regulation. You should seek independent advice before making investment decisions.

The Trading Central is one of the most efficient data analysis providers for forex and CFD traders. When registering a standard account with ATFX, traders are provided with fast execution as well as zero-commission trading and spreads which start from 1.8 EUR/USD. The forex industry is populated by a vast array of traders with various trading needs, which most brokers aim to meet through the provision of suitable accounts. These may include commission-free accounts, low-spread accounts, and managed accounts. As for educational tools, the ATFX broker does not offer the most excellent variety of resources of this type compared to other brokers but regularly provides free webinars to all its clients.

Very good customer support, Chrstiaan was very polite and helpful in setting up my account. In terms of actually trading, I’m a bit unsure on how the lot sizes work, it’s like 0.01 on every other broker is 0.10 on here. Overall, ATFX does not charge any deposit and withdrawal fees and offers a fair selection of payment methods. As you can see, the main difference is that the Edge account provides traders lower spreads compared to the Standard account. 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.

However, if you are planning to use a non-UK-issued card, there might be some small fees. While the Edge and Premium accounts offer free VPS to clients, standard account holders do not enjoy this privilege. However, the Bitcoin CFD spread starts from 40 pips, which sounds like a lot, but is rather competitive in the industry. Nonetheless, traders can trade Ripple (XRP) CFDs for as low as 0.5 pips spread. Client funds are held in segregated accounts that are separate from the company monies.


Tonmoy Antu

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