ATFX Review 2023: Scam or Legit FX Broker? Pros & Cons

Other categories include metals, oil, indices, cryptos, and shares. There are also spread betting trading conditions outlined for FX majors, FX minors, metals, oil, and indices. ATFX strives to always offer the broadest possible range of FX pairs. ATFX offers an Edge Account that has better spreads and faster speeds.

With the Trading Central educational value, ATFX maintains an industry-leading course atfx review for first-time traders. The range of webinars helps clients develop trading skills or grow understanding of concepts. There are webinars for all skill levels, from professional traders to beginners. They are always run by professionals to provide a high level of accurate information.

Risk-free and free demo account

Moreover, the withdrawn money will be moved directly to the account you use to create deposits. In general, ATFX does not charge high fees compared to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who regularly trade, such as weekly or daily trading. In accordance with the company’s privacy regulations, customer data is never to be shared with some other institutions or individuals.

• If you are looking for a highly regulated broker with competitive spreads and reliable trading platforms such as MT4, then ATFX is the best for you.
• On the contrary, the interface is simple to use, and the opportunities are just in the palm of the hand.
• Based on our research, ATFX offers competitive pricing based on its several account types.
• The minimum deposit you must deposit to get started on ATFX is $100.
• That said, ATFS has developed multiple investment alternatives to diversify trading opportunities.

Understanding the Regulatory Protections of Your Account

The range of deposit and withdrawal methods offers something for most traders. The Trading Central access provides professional data analysis and technical strategies for a range of assets. These include indices, precious metals, currencies, and commodities. Strategies are updated ten times every day for each product for up-to-date information. You can trade indices with ATFX, with 15 types of shares indices from Asia, the U.S., and Europe.

VPS Services

Explore our unbiased reviews of our trusted forex brokers to enhance the performance of your portfolio. There are numerous investment options such as CFDs, Crypto, and stocks that you can discover the best for your trading needs. If you are keen on being a partner with a reliable, safe, proven and trustworthy online as well as mobile-based trading platform, then you are perhaps in the right place. There are reasons to believe that the ATFX broker is quite efficient, fast, and reliable when it comes to account deposit and account withdrawal. As a trader, you can fund your account either through debit or credit cards, bank transfers, or even through electronic wallets.

Testing ATFX Customer Support

Furthermore, all ATFX UK account types conform to FCA regulations, let traders enjoy free deposits and withdrawals, and allow access to their online trading course. ATFX is heavily regulated by the FCA, ASIC, and CySEC and holds additional licenses that enable the broker to accept international clients. The trading costs are average and depend on the account types and the instrument traded. The only commission-based account offers tight spreads from 0.0 pips with commissions of up to $7 per lot.

I prefer ATFX as they offer a wide range of products and advise better than anyone and best of all with excellent service. The spreads are competitive and I really love the support in education and advice, they help me grow my knowledge more. The broker is licensed in multiple jurisdictions, though one of its entities is not regulated.

The entry threshold is higher than that of some competitors, so you’ll need a more solid capital base to trade comfortably. Ask any trader or any expert on online trading of financial products and services, they will have a few things to mention about the payment systems. Any reputed and reliable ATFX review will prove that this service provider is super-fast when it comes to both withdrawals as far as deposits. Yes, ATFX offers demo accounts so you can learn their systems before risking any real capital.

• It would make it easier to open an account, fund the account, and do basic troubleshooting without contacting ATFX.
• Over the past 11 years, ATFX has grown into one of the leading online brokers available to the public.
• I have compiled the table below to help you better understand the difference between the trading fees with ATFX’s Standard account and the industry average.
• Clients also have access to historical data that, based on certain instruments, might date back to the 90s.

These benefits are what sets ATFX ahead of the rest of the online brokers. You need to check all the benefits listed so that you have a better comprehension of ATFX. After being founded in 2014, their customer base has increased to 10,000+ clients. Over the past 11 years, ATFX has grown into one of the leading online brokers available to the public. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

Tradable Instruments

MT4 and MT5 have built-in strategy testers so that traders can hone the parameters of their systems. In addition, low-latency trading and stable connectivity can be achieved by implementing ATFX’s VPS hosting. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.

ATFX incorporates MT4 and MT5 and provides free VPS hosting to high-volume traders. The broker’s standout features are its comprehensive research and educational materials. However, its spreads are quite high on instruments from certain asset classes, such as currency pairs. ATFX offers the popular MetaTrader 4 (MT4) platform for all its traders.

The company uses the latest encryption technology currently available to protect data. This is combined with effective protection measures and strict supervision. These include a lack of negative balance protection and waived restrictions on CFDs. ATFX can also use sophisticated market language when talking to professional clients and assume higher experience levels. For retail clients, priorities are the transaction cost and the overall price. For professional clients, speed and execution likelihood also play a role.

How Is ATFX Regulated?

US JOLTS job vacancies reached a seven-month high, while ISM manufacturing showed slight improvement but remained in contraction. Fed Chairman Powell emphasised the need for more data before considering interest rate cuts, with a July cut still a possibility. On Tuesday, the Nasdaq and S&P 500 closed lower due to weakness in large tech stocks, with the Nasdaq down 0.82% and the S&P 500 down 0.11%. In contrast, the Dow rose by 0.91% amid volatile trading and low liquidity. Over the years, ATFX has earned numerous awards across various markets. It was named the Best NDD Forex Broker 2018 from the Online Personal Wealth AwardsMoneyAM.