ATFX Reviews Is ATFX Good & Safe?

  • 5 min read
  • Jun 30, 2020

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Companies can ask for reviews via automatic invitations. I have worked with other brokers and definitely none have given me the experience that ATFX has, switching to ATFX has been the best decision I have ever made. Besides excellent service, they also sponsored my favorite back testing platform. But as soon as I closed the trade and went to my history board, I am Shocked to see that I have only $2033 profit and the broker cheated me and closed my trade on Share Price 13.91. US Dollar Yields Higher The US dollar has exerted so much pressure on other pairs in the market this week. In this article, you’ll find the stock market opening times of the world’s top stock exchanges, ranked by market capital…

There are four legal entities to choose from, and each comes with different regulations and services. We recommend the FCA-regulated entity, because it has the highest investor protection amount at £85,000, while the FCA is one of the best financial regulators. ATFX is regulated by several authorities – including the top-tier FCA, which grants strong investor protection. However, ATFX is not listed on a stock exchange and doesn’t disclose financial information.

Most of the https://traderoom.info/ available in other account types are available for this account also with proper customer service though the minimum deposit amount is less. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. Please read the full risk disclosure on pages of our Terms of Business.

ATFX cares, provides generousity in offering free learnings to newbie in the industry. Fast withdrawal execution, more options in payment gateways and reliable consultant supports. As a beginner I have many technical as well as trading related questions. My Account Manager usually answers and provided solutions for me. As a “newbie”, this responsive customer support is what I need.

Learn Forex Trading

Also, they’ve added Autochartist analytics to their WeChat Account for their Chinese clients. There are no bonuses and promotions on offer at the time of writing, as bonuses are prohibited by ATFX’s regulator, the FCA. When it comes to educational resources, you can access tons of learning material directly from the website, under the ‘Education’ tab or sign-up for a one-on-one coaching session. Trading commission is free and is payable according to the type of ATFX account you select. When any Broker says ‘No commission’ it means that they profit from the difference in the Spread for buying and selling of the same financial asset. It has been authorized and regulated by several territories such as Europe, Asia, South America, and the Middle East.

  • Social and easy to use trading options are the heart at ATFX.
  • More than450+ employees are working in ATFX in about 14 different countries.
  • ATFX training provide many educational resources, including daily webinars, one-to-one coaching, a dedicated forex education centre, and advanced education for Premium account holders.
  • You must maintain this amount to continue with your ATFX Raw account.
  • Finally, if you meet the criteria of for a Professional account, this gives you access to higher leverage as dictated by ESMA rules.

In this situation, the FSCS provides as much as £50,000 in compensation per person for eligible investments. There is also a Multi-level Commission Payout mechanism. This means that every ATFX client referral case leads to gains. Every closed deal from your referral leads to a commission. Commission payments are instant without hidden charges or fees.

ATFX Trading Platform

The research displayed in Trading Central utilizes chartist analysis to determine targets and price direction. It also includes mathematical models to determine timing relevance and confirm directions. Trading Central additionally uses Japanese candlesticks and related signals to verify acceleration or reversal markets.

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We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. We also compared ATFX’s fees with those of two similar brokers we selected, XM and ETX Capital.

Furthermore, you can set parameters and display methods for every chart type and indicator. MT4 Desktop allows for diversification thanks to full support for a range of assets. Market orders are sent to the market, then executed at the market’s tradeable price.

Spreads can vary across market hours but it is worth noting ATFX offer 24/5 non-stop trading. ATFX offers demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

Firm’s he has worked at include big atfx broker reviews like Citi, and prominent hedge funds including D. Opening positions, using technical indicators and various other trading tools, and checking one’s trading history is possible through the Web Trader as well. While the Web Trader is a simpler version of the full MT4 platform, it does offer full market coverage, one-click trading and advanced charting features. So, when it comes to the safety of your funds, you can be assured that you are completely secure. Offers 8 types of accounts running on the MT4 platform. 6 out of these 8 Accounts areRetail Trading accountsfor Retail traders whereas the other two isProfessional Accountfor Professional traders.

How to open your account

Coming to the asset classes, you can choose from a range of CFDs in FX, commodities, indices, and cryptocurrencies. For some reason, ATFX has not included CFDs in shares or ETFs, one of the reasons for the small number of financial instruments on offer. This Edge account needs a minimum balance of up to$ 5,000.

The chart below shows the spreads the company charges across its assets. ATFX provides Webinars and regular seminars to clients. Also, anyone, even visitors to the website, can access its Forex Education Center which hosts several introductory courses about Forex and CFDs trading. Furthermore, we found the Web TV segment of ATFX to offer up-to-date insight into emerging trading opportunities that could be even beneficial to professional traders. Registering for ATFX’s eBooks will help clients understand trading and learn how to enter the financial markets.

Supported Assets

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite.

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Depositing funds into an ATFX account is an easy and secure process. Funding can be done using credit cards, debit cards, or wire transfer, as well as electronic payment methods such as Skrill and Neteller. Withdrawals can be made using the same available mechanisms. ATFX does not impose any minimum requirements on deposits or withdrawals, but the payment channels themselves may do so.

Instruments to Trade

For traders with experience and who meet certain criteria the broker also offers a professional account. This account allows traders to trade on all instruments with higher leverage as long as they meet the threshold to qualify as an elective professional, . Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. From stat-arb and trend-following CTA to fixed-income relative value.

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If your Edge Account drops below the $5,000 equity minimum, ATFX may change it to a Standard Account. ATFX offers an Edge Account that has better spreads and faster speeds. It is designed for advanced traders and also includes additional latency reduction.

support

This feature is available only on the desktop trading platform. You can only deposit money from accounts that are in your name. To have a clear overview of ATFX, let’s start with the trading fees. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. To get things rolling, let’s go over some lingo related to broker fees.