It is worth noting that the brand name ATFX is used by multiple entities operating across different regions worldwide. These entities have established their presence in several parts of the world, such as Europe, Africa, Asia, and the Middle East. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too.
It’s considered one of the best services in its class by industry commentators. They are providing this service for free to all their customers. Besides the MT4 desktop software, ATFX makes it easier for busy Forex traders to log in and manage their accounts on the go using a web-based trading interface called MetaTrader WebTrader. The WebTrader is a stripped-down version of the desktop platform. However, it comes with almost all the basic technical indicators and technical analysis tools. ATFX UK is regulated by the Financial Conduct Authority (FCA).
To open a live trading account with the broker, clients need to deposit at least $100 for the Micro account. The required initial deposit amount for other account types varies. From our atfx review findings and analysis, ATFX is a brokerage firm that provides a variety of financial markets for trading, including Forex, CFDs, shares, metals, oils, indices, and cryptocurrencies.
Everything you should know about trading with ATFX
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market. This may seem like a little number, but within the entire year, this adds to a substantial number of gains. Even though ATFX supply you all the tools to make money, they cannot guarantee that you will gain.
You will be able to trade CFD’s, forex, and more thanks to a convenient and simplistic MT4 mobile app that can be downloaded for both iOS and Android devices. Traders simply need to visit the ATFX site to download the mobile app or visit the Google Play Store for Android devices or the App Store from Apple for iOS devices. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.12% of retail investor accounts lose money when trading CFDs/Spread betting with this provider. You should consider whether you understand how CFDs/Spread betting work and whether you can afford to take the high risk of losing your money. As an ATFX trader, you can enjoy the many benefits of MetaTrader 4 – the most popular trading platform in the industry.
Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. You’ll also be able to rest easy knowing that AFTX payments are always secure. The site operates with SSL-encryption and the broker even has a dedicated support email address for queries about transactions ([email protected]). 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. This broker did not score well during our testing process and is not recommended by our experts.
- The European Parliament and Council adopted this on Nov. 1, 2007.
- Furthermore, clients can make deposits and withdrawals using a bank wire transfer.
- Best CFD broker for me, I’ve been trading for several months with ATFX, their client service is awesome and the deposits & withdrawals are fast, also safe.
- 75.12% of retail investor accounts lose money when trading CFDs/Spread betting with this provider.
- It’s for this reason that the company decided to change their name to ATFX and cater to the retail trading market on a global scale.
- This also updates focus on particular products, including predictions, influences, and much more.
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. 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. In addition, you can implement extern indicators or programs.
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. You will not be able to complete the registration process without providing the necessary documents. AFTX is regulated by the Financial Conduct Authority (FCA) in the UK , which is one of the most respected authorities in the world.
ATFX Spread Betting
For FCA authorizing the company officially means it is approved by the company as an FX and CFD broker. The MT4 also offers a customisable interface that allows the trader to modify the workable space, charts, indicators, and trade directly from the charts. All accounts allow unrestricted trading, including the ability to scalp, hedge, and use Expert Advisors (EAs) on their accounts. Moreover, novice traders can take advantage of the Demo account for free, enabling them to practice trading through simulated trades. The broker prioritizes compliance with regulatory requirements and is subject to close monitoring, which ultimately increases traders’ safety and confidence in the company. 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.
ATFX offers 5 of the 11 features, while offering average spreads of N/A which helped contribute to the broker ranking #58 out of 62 brokers in this category. By the FCA, but its lack of additional substantial regulatory licenses pulls down the broker’s overall Trust Score. ATFX offers the popular MetaTrader 4 platform, but hasn’t yet produced its own proprietary trading platform. When you choose to spread bet with ATFX, there is no UK stamp duty or capital gains tax.
There usually are 5-10 webinars scheduled within a period of two weeks and the available languages vary. There currently are webinars available in English, Spanish and German. You will then get an email to remind you to attend the webinar at the indicated time. Trading is very simple, you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom. To trade with an asset, all you have to do is select one from the asset list and decide whether you want to sell it or buy it depending on what your strategy is. The first time you click on one of the two, a risk disclaimer will pop up and you will have to accept the terms and conditions before being allowed to continue.
MetaTrader 4 has been one of the top software packages used by Forex brokers that comes with a wide range of built-in technical analysis capabilities. ATFX is a relatively new Forex and CFD broker that has created quite a buzz among traders. Over the last three years, ATFX has gained the trust of Forex brokers by offering competitive spreads and unmatched customer service that landed the company several high-profile awards. In 2019, ATFX also earned the World Forex Awards for providing the best trading educational program in the industry. Also, it won the ADVFN International Financial Awards for Best Customer Service.
As a result, ATFX can now provide South African clients access to various financial instruments and offer comprehensive trading services as an ODP. Traders should also seek out brokers who offer a free demo account, as this will allow them to conduct a test run of the broker’s features before deciding to sign up for a live trading account. ATFX is considered a low-risk and can be summarised as a trustworthy forex broker. Being one of the top internet brokerage firms, ATFX has been in the internet trading business for over 9 years. The firm is regulated under FCA (UK), and they specialize in forex trading. In order to begin taking their service, one needs to make a minimum deposit of $500.
It’s a common misconception that all brokers will be the same, but that’s not true. Wrong judgment, initially, can put your investments at risk. 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. ATFX also has its own self-developed accounting system which is automatic. It ensures that withdrawals are only possible when the identity of the client matches the information on the account.