Even advanced traders also use this account to test-run new strategies that may be risky if using their main accounts. Having proclaimed itself aForex brokerand CFD brokerage, ATFX features a fairly standard product selection for this industry. The company offers over 200 financial instruments to trade with, including a range of forex pairs, and CFDs in indices, commodities, cryptocurrencies, and shares. Also, the company offers expert market analysis and trade ideas.
The European Parliament and Council adopted this on Nov. 1, 2007. MiFID regulates financial instrument markets for providing investment services as well as activities, specifically in the European Economic Area. This EEA includes all 27 member states of the EU in addition to Norway, Liechtenstein, and Iceland. The regulation and authorization from the FCA are for ATFX to be a CFD and FX broker. The FCA CASS rules authorize ATFX to hold client funds. As part of its FCA regulation and authorization, ATFX follows the agency’s strict regulatory requirements.
We also compared ATFX’s fees with those of two similar brokers we selected, XM and ETX Capital. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Most brokers have an obvious help center or section with FAQs. Instead, there are webinars and there is ready information for contacting customer support. There are some sections with FAQs, such as those related to trading. Overall, however, there is no convenient way to find information on other FAQs.
- ATFX is a fast-growingForex Brokerwith amazing competitive trading and also spread conditions.Of a truth, the number of assets is limited up to 100.
- If you purchase a U.S. stock, you own the actual shares; if you purchase or trade a CFD, you don’t own the asset itself.
- For professional clients, speed and execution likelihood also play a role.
- Trading Central is known for its top-tier technical analysis resources.
On the Standard, Edge and Professional accounts, our reviewers found that AFTX does not charge any commission as fees are incorporated into the spread. This is great news, as you’ll also find that AFTX’s spreads are low compared to similar brokerages. 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.
Before you trade, AskTraders.
However, they do reserve the right to act as a market maker in certain circumstances. The company offers over 200 financial instruments to trade with including forex and CFDs in indices, commodities, cryptocurrencies, and shares. It provides the MT4 platform that many other brokers provide. It has a market analysis portal, just like other brokers.
If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. That being said, not all regulator licenses carry the same weight. ATFX has a great mobile trading platform, atfx trading platform we really liked its design and user-friendliness. After you have downloaded the MT4 mobile trading platform, you must access the ATFXGM2-Live server. ATFX has a great mobile trading platform, offered by MetaTrader 4.
Your capital is at risk of loss when trading CFDs at this platform. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. MT4 is available as a desktop download and as a web platform, running in browser. ATFX will also support the MT4 Android and iOS apps, for those who wish to trade on the move. Yes, ATFX is authorized and regulated by both the Financial Services Authority in the UK, and the Cyprus Securities and Exchanges Commission. Compare broker See what benefits one offers over the other.
Great Customer Support
Once you are done, you will receive a confirmation email with your login details. Opening a real account is similar to opening a demo one but it will be more time consuming because you will have to fill in a questionnaire with an estimated time of completion of minutes. ATFX cares, provides generousity in offering free learnings to newbie in the industry.
When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this particular operation. Even if no fees are implied by ATFX, it is better for you https://forexarena.net/ to close the account if you are inactive. Inactivity fees aren’t just charged by brokerage companies but also many financial services. Every online trading platform will have a few pros and cons ATFX review would be complete without showing both sides.
Don’t miss out on great trading opportunities
Clients from the European Union or United Kingdom, are covered by the regulators listed below. International clients will be trading with an offshore company based in St. Vincent and Grenadines. If you are looking for tighter spreads, then the Edge Account promises as low as 0.6 pips on the major currency pairs, yet it does have a higher minimum deposit of £/€5,000. For your extra investment, however, you will receive free VPS and educational materials. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. The ATFX broker account can be opened effortlessly with a fast procedure.
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ATFX is fantastic trading platform, highly recommended. I would like to recommend ATFX, the support is efficient, the withdrawals fast, without a doubt their rewards support them. The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply. It majorly owes this status to its incredible platform and wide selection of tools plus resources so you can invest in capital markets.
73% of retail CFD accounts lose money with this provider. Along with everything, ATFX has multiple benefits to new and verteran traders and should be investigated. There’s no minimum time on which a trade has to be kept available. The agents offer premium client service which rewards customers with benefits. If you wish to exchange with ATFX, you’ll require a minimum deposit of $100.
Trading Central is well-respected worldwide, conducting research for over 200 investment banks, professional dealers, brokers, and fund managers. You can trade indices with ATFX, with 15 types of shares indices from Asia, the U.S., and Europe. The spot indices on ATFX have low margin requirements and low spreads.
Professional education resources for the trader
ATFX offers an excellent education section in addition to world-class market analysis materials provided by the globally renowned Trading Central. Deposits and withdrawals are free, and ATFX offers a free VPS service to traders with higher-tier accounts types. The company is based in the United Kingdom and shows us high transparency in their trading offers.
It also offers cross-border wire transfers, online payments and refillable debit cards services. Payoneer, an American financial services company, offers online money transfer and digital payment services. ATFX provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies. ATFX also features excellent trading conditions which are available to all and not only an elite class of institutional clients. The tight spreads and quick executions are a great benefit for all traders.
Mobile trading platform
ATFX is a relatively new broker, but they have invested heavily in making a solid trading platform. Education and market analysis are strong and spreads are relatively tight compared to other brokers of a similar type, though only the MT4 trading platform is supported. While it is always great to see free deposits and withdrawals, we would also like to see more account types with lower minimum deposits. As it stands, most beginners would be restricted to the Standard Account. It is also a shame that the minimum deposit on the commission-based Premium Account puts it out of reach of most traders.
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.
Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities. A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers. The first thing you need to do is go on the official website and look for the sign up button.
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