Trusted ATFX forex broker review – How good are the offers?
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Is ATFX a reliable Forex Broker or not? – In the following review, we will prove the online broker ATFX and show you the conditions for traders. Nowadays it is very hard to find a good Forex Broker. ATFX is one of the biggest in the industry. With more than 9 years of experience in online investments, we will find out if it is a scam or not. Read the following sections to get accurate information about the company.
ATFX | |
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REVIEW: | |
REGULATION: | FCA (UK) |
DEMO ACCOUNT: | ✔ Free |
MINIMUM DEPOSIT: | 500$ |
ASSETS: | 100+ |
SPREADS: | Starting 0.0 pips (variable) |
SUPPORT: | 24/5, webinars, tutorials, analysis, coaching |
SPECIAL: | 4 account types |
EXECUTION: | NDD (no dealing desk) |
The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:
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1. Capital.com | ➔ Read the review | # Spreads from 0.0 pips # No commissions # Best platform for beginners # No hidden fees # More than 3,000+ markets | Live account from $ 20: (Risk warning: 70% of retail CFD accounts lose money) Regulation of AFTX – Is the broker regulated?AFTX is regulated and authorized by the FCA (Financial Conduct Authority) and hence has its headquarters situated in the United Kingdom. Their FCA registration number of the company, as well as the company number, is 7605555 and 09827091, respectively. Also, the company is officially known as AT Global Markets (UK) Limited. For FCA authorizing the company officially means it is approved by the company as an FX and CFD broker. This goes further to say that part of FCA’s authorization to the company would imply that ATFX is obliged to follow the agency’s policy to the letter, some of which include fair treatment of clients as well as protection and management of clients’ funds. Note:
AT Global Markets (UK) LTD. is regulated by the Financial Conduct Authority (FCA) in the United Kingdom with the number 760555. Financial Security for tradersThe company is fully committed to ensuring that client funds are fully protected anytime, any day. To protect the data of clients, the company employs the latest encryption technology currently available coupled with highly effective protective measures and strict supervision. Knowing this, traders can trust the platform and confirm that the trading environment is truly safe and reliable as it looks. Moreover, the way ATFX works is by segregating client funds into trust accounts, which are all in the custody of Barclays Bank PLC. This kind of structure creates order in the company as the funds of ATFX are not mixed with those of its clients. Also, it is worthy to note that should in case an issue arises, and the company becomes insolvent, your funds will remain intact. As long as they are segregated, it is impossible to use them to reimburse creditors. To protect against an unfortunate event of insolvency, ATFX has FSCS (Financial Services Compensation) coverage. This scheme is only available for clients trading with organizations authorized by FCA. 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. That’s not all, ATFX also has its automatic personally-built accounting system whose function is to approve withdrawals only when it has verified that the identity of the client matches the information provided on the client’s account. Facts of financial security:
Trade from 0.0 pips over 3,000 markets without commissions and professional platforms: (Risk warning: 70% of retail CFD accounts lose money) Review of the conditions and offersATFX is a fast-growing Forex Broker with amazing competitive trading and also spread conditions. Of a truth, the number of assets is limited up to 100. This does not displace the fact that the platform is a good one on a general level. You can trade currencies (forex), commodities, cryptocurrencies, indices, and shares by starting with a low amount of money. As mentioned before the company is specialized in forex trading. More than 40 different pairs are available. This includes majors, minors, and exotic currencies. The execution is very fast and the spreads are low. Because of different account types, traders can gain advantages and pay less trading fees. The maximum leverage is 1:30 for retail investors. Professional clients can get higher leverage of 1:400. The minimum deposit is 500$ but you can start with a free demo account for testing the platform by yourself. In addition, each trader gets good service from the support. For trading, the well-known and popular Software MetaTrader 4 is offered. The platform has gotten a lot of great feedback from traders and investors in the currency market and should be taken into account when selecting an excellent online trading platform. Facts about the conditions:
Trade from 0.0 pips over 3,000 markets without commissions and professional platforms: (Risk warning: 70% of retail CFD accounts lose money) Test of the ATFX trading platformsThe clients of this online broker have the possibility of accessing the markets through several trading platforms with the following basic characteristics:
Trade from 0.0 pips over 3,000 markets without commissions and professional platforms: (Risk warning: 70% of retail CFD accounts lose money) Analysis and charting of the ATFX marketsATFX has a complete section dedicated to technical analysis. This comprises market news and analysis of some of the markets known to be very popular, such as oil, indices, cryptocurrencies, and precious metals. These reports are published weekly. This also updates focus on particular products, including predictions, influences, and much more. For traders to make better decisions, ATFX provides a daily market report so that traders are informed hence preventing them from making costly mistakes that will affect them in the future. These reports include technical and fundamental elements that can influence the price behavior of different markets. The report shows sentiment figures related to small and large market participants. Also, another part this involves is traders’ focal techniques and tactics. 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. 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. It is a third party that creates these market reports. 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. Asides from the daily market reports, ATFX also provides fundamental analysis comments, which are normally recorded by a market analysis research team. This often includes detailed as well as updated information useful to the trader. Moreover, traders become better informed and organized when they find articles that talk about advanced economic indicators, upcoming events, and also fundamental movements within the fundamental market comments. These comments are usually published weekly on the Analysis section of the platform’s site. Mobile Trading (App) with ATFXATFX 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. Some extra features that come with the iPhone MT4 application include EAs and personalized indicators. This also applies to the Android application 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. Trade from 0.0 pips over 3,000 markets without commissions and professional platforms: (Risk warning: 70% of retail CFD accounts lose money) ATFX Demo Account for freeOne great way to get started and have a feel of the features the ATFX platform offers has a demo account. This proves to be a very useful tool, especially for enthusiasts and beginners who are either moderately or much new to the platform as it enables them to sharpen their trading skills. Even advanced traders also use this account to test-run new strategies that may be risky if using their main accounts. Note:
ATFX offers a free and unlimited demo account with a balance of up to 5,000,000. How to open your free accountAs for the opening of a trading account with the ATFX broker, it is an effortless and fast procedure in which customers only have to complete a simple form on the company’s website. In this form, relevant trader information is requested that includes the following:
Once the client completes the form, the broker activates the account immediately. However, he must also send the necessary documents that prove his identity and his address so that the account is verified and so he can access all the services. This is because ATFX is a regulated broker, and to avoid money laundering and other similar practices, the person must prove that he is who he says he is. In this case, the trader can start operating in the market once he deposits the necessary funds. The minimum deposit to operate with this broker is $500. The methods accepted by this broker to deposit and withdraw funds from their trading accounts are the following: credit card (the most important ones such as VISA and Mastercard), bank transfer, Skrill, and Neteller. The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:
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