ATFX Review Is it a Scam or Legit Broker 2023

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You can also read a description of the webinar to help you decide if you want to register. The webinars include regular ATFX Daily Market Updates several times a week in English. You can also find webinars in Italian, German, Spanish, and other languages.

This solidifies https://traderoom.info/’s regulatory strength and legal standing. EU clients are also protected under the Investor Compensation Fund for up to €20,000. ATFX is very much a regular brokerage that bears a resemblance to some of the most widely established service providers in the market. ATFX adopts a popular business model, whereby the company has installed various services to ensure that it provides a competitive product that is able to stand on its own. This includes the very popular MT4, licenses from the FCA.

On the Standard Account, minimum spreads on the EUR/USD start at 1 pip and the AUD/USD at 1.1 pips. ATFX is an STP broker, offering high-speed market execution. Because orders are executed on the market, spreads are variable and will depend on liquidity and volatility. ATFX has taken the decision to cease providing services to retail clients with immediate effect. We recommend looking at eToro and XTB as alternatives.

  • As you can see, the main difference is that the Edge account provides traders lower spreads compared to the Standard account.
  • Learn Trading financial markets has never been easier.
  • The site operates with SSL-encryption and the broker even has a dedicated support email address for queries about transactions ().
  • In addition, the company uses an Electronic Communications Network model using the straight through processing technology.

MT4 Desktop additionally offers cutting-edge charting tools. There are more than 50 indicators as well as over 30 tools to analyze charts. 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. Professional client classification is also available from ATFX. Professional clients do not have to deal with the margin increases from the ESMA changes in 2018.

⚖️ Would you recommend me choosing ATFX?

ATFX has partnered with Trading Central, the world’s best market analysis resource. ATFX also hosts video clips of Trading Central analysis, these are updated on an hourly basis. It is under the supervision of the FCA, which is one of the toughest regulators in the world. It is a company that has won a number of awards and has sponsored a number of sporting events.

At the same time, we missed the usual search function where you can type in an asset’s name manually. On the flip side, the platformfeels outdatedand some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. You can only withdraw money to accounts that are in your name.

What can you trade?

Brokers that are FCA-regulated have to comply with certain standards aimed at protecting users. ATFX is regulated by several regulators including The Financial Conduct Authority which is the most trusted regulatory agency in Europe together with CySEC. ATFX is also regulated by the Cyprus Securities and Exchange Commission , and Market in Financial Instruments Directive . We tested it and collected the options and costs in How to withdraw money on ATFX.

On withdrawals, the company accepts credit and debit cards, e-wallets, and bank transfer. Like with deposits, the company only accepts cash in euro, the USD, and sterling. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. ATFX is a broker with its headquarters in the United Kingdom, specifically London. This broker offers trading for a range of assets, including forex, CFDs, and commodities.

trade

ATFX is a broker licensed and regulated by the CySec, FCA, SVGFSA and FSC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that ATFX is not a scam, read our trader reviews and check other popular trading related websites and forums. For the convenience of clients, ATFX offers multiple methods of contacting the team. There are main phone lines available on weekdays between 9 a.m. There is an 800 number from the UK and a separate number for calls from outside the UK.

This means that the atfx review needs to abide by the law. The first type of verification is the email verification. You do this by clicking a link that is sent to you as soon as you register. After this, you will need to upload your ID or passport and a proof of residence. After you have entered these details, you need to submit your personal documents like the identification card and a proof of residence.

Since they are segregated, they cannot be used to reimburse creditors. You will not find e-books or the vast range of resources that many other brokers offer. There are, however, more webinars available from ATFX than many competitors offer. The webinars are free to ATFX clients but do require registration. To help traders make educated decisions, ATFX has a daily market report. This includes the latest overviews for sentiments and technical elements.

Never miss a trade with mobile-optimized platforms

The MT4 also offers a customisable interface that allows the trader to modify the workable space, charts, indicators, and trade directly from the charts. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.

financial conduct authority

However, the broker is regulated in the European Union and MiFID, meaning ATFX can provide its service in most of the countries in the globe. The conflict of interest between the trader and a forex broker. It is currently owned and operated by AT Global Markets and is registered at the 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.

You get the flexibility to adapt to your trading strategy and full support for assets, allowing for diversification. The mobile trading platforms for ATFX are also versions of MetaTrader 4. You can download an application for either Android or Apple devices, allowing everyone to trade on the go. I also get up to date market data and news through their webinars and newsletters.

  • Also, the company offers expert market analysis and trade ideas.
  • It is best to confirm that ATFX is available in your country if it is not explicitly stated.
  • Remember that for compliance reasons, withdrawals must be returned to your original payment source.
  • Updates focus on specific products and include predictions, influences, and more.
  • Yes, the mobile trading platform is available for prospective investors and traders.

It can lead to a great deal of time savings in research or supplement a client’s other research strategies. You can change the time zone or the dates you wish to view. There are also filters, including for country, time, importance, and category. Category includes options such as central banks, balance, economic activity, inflation, bonds, and more. Or you can search for a specific event by name by clicking on the Filters. All trading on ATFX is done via the popular MetaTrader 4 platform.

📵 What deposit and withdrawal methods ATFX supports?

It charges no account, inactivity, deposit, or withdrawal fees. ATFX forex fees are low, beating those of its closest competitors for all currency pairs. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. In the sections below, you will find the most relevant fees of ATFX for each asset class. For example, in the case of forex and stock index trading, spreads, commissions and financing rates are the most important fees.

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