ATFX Review 2020 Must Read Before Opening an Account

best atfx review
best atfx review

ATFX demonstrates potential as MetaTrader broker, yet has considerable room to grow across key categories such as the range of markets and trading platforms. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. Trading Central is known for its top-tier technical analysis resources. ATFX clients get access to Trading Central features, helping with the full array of investment strategies.

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This is where to go for details on terms and conditions related to specific services and products. Switch to a real account and deposit the minimum funds necessary to start trading. After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading. You will have to deposit at least $200 to be allowed to start trading. As you can see, the main difference is that the Edge account provides traders lower spreads compared to the Standard account.

Trading ideas

Moreover, ATFX offers traders negative balance protection that ensures that traders will not lose more money than deposited. Offers a decent range of trading account types that should suit most traders. The MT4 is the most popular trading platforms in the world. The platform offers a number of features such as custom indicators, automated trading with expert advisors, charting tools, and the access to the MQL5 marketplace.

The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Please read the full risk disclosure on pages of our Terms of Business.

  • He has been recognised by Reuters, CNBC, and Bloomberg.
  • The pending order is triggered, then transacted and executed in the form of a market order.
  • The information on the website and inside our Telegram group is intended for educational purposes and is not to be construed as investment advice.
  • On the Standard, Edge and Professional accounts, our reviewers found that AFTX does not charge any commission as fees are incorporated into the spread.
  • Over the past 9 years, ATFX has become one of the best online brokers available to the public.
  • For starters, you need to select the ideal online trading platform who will always be transparent with you.

Been a client for 2 years now, and just as long as I encounter no major issues, I’ll stay here forever.I’m a client of ATFX from the Philippines. Been a client for 2 years now, and just as long as I encounter no major issues, I’ll stay here forever. ATFX provides award-winning customer support, having been chosen as the broker with Best Customer Service in 2019, by ADVFN. Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with ATFX is $100. You should have a good the of online trading before you set out and trade with real money as losses can exceed deposits.

To help traders make educated decisions, ATFX has a daily market report. This includes the latest overviews for sentiments and technical elements. The report has sentiment figures related to both small and large players. It also includes the main strategies and technical for traders, whether they are contrarian or conformist. You can change the time zone or the dates you wish to view. There are also filters, including for country, time, importance, and category.

Remember that the MT4 platform will send the transaction instructions to the given MT4 server. The goal of MiFID was to harmonize financial market governance in the EEA. It also aims to improve financial transparency, efficiency, competition, and consumer protection. With MiFID, investment firms are able to freely offer services within other member state’s territories or those of third parties. The only requirement is that the investment firm must have authorization for those services. In addition to the regulation, ATFX complies with MiFID, the Directive on Markets in Financial Instruments.

Is ATFX a Legit Broker?

To trade with an asset, all you have to do is select one from the asset list and decide whether you want to sell it or buy it depending on what your strategy is. The first time you click on one of the two, a risk disclaimer will pop up and you will have to accept the terms and conditions before being allowed to continue. Once you’ve done that you are free to trade as much as you want. The platform can be downloaded on your desktop, as well as on your mobile and it only takes a few minutes. In addition, ATFX offers you the option to launch the platform on your browser. One of the advantages of ATFX is the ability to trade the MT4 via the user’s dashboard.

best atfx review

Besides online banking, wire transfer is a possibility also, even though it takes about 4-7 days. You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. You have to bear in mind that PayPal isn’t available in every place. The currencies ATFX accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.

For the Standard account, but higher for other account types. Depending on the type of account you have, it is also possible to use a VPS via ATFX. The use of a virtual private server leads to more secure execution of Expert Advisors. That execution tends to be quicker with a VPS and more reliable. To give traders confidence in the Trading Central information, it is part of three different associations for Independent Research Providers.

I like the personal advice and support…

This allows partners to earn rebates for clients they refer. There is no concern about complexities during the integration process into ATFX. As an Introducing Broker, you just introduce the client.

In terms of mobile charting indicators and studies ATFX has 7, compared to the industry average of 41. Mobile charting indicators can be a useful tool to help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience. Many regulators impose additional capital requirements. Determining the legitimacy of a forex broker can be a real challenge. Unregulated brokers do not have to report to a governing body.

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. The European Securities and Markets Authority restricted certain products for retail clients starting Aug. 1, 2018. That being said, it is not available to clients in certain countries of the world.

We recommend starting by depositing the minimum amount. If you see that you are making profits, you can always atfx trading platform deposit more. For those who choose the Edge account, the is a minimum deposit requirement of $5,000.

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First, you have to register your account by clicking ‘Auto Trading’. After registration, you can start copying fellow traders, although this is usually not free of charge. Options for funding your account include bank transfer, credit/debit cards, and electronic wallets. We tested the fees for the Standard account, which charges no commission but spreads are higher. Trading is done via MetaTrader 4 with support for all devices, both mobile and desktop.

You can reach customer service from Monday to Friday between 9 am and 5 pm, London time. ATFX offers a wide range of analysis, a great economic calendar and OK charting tools. On the negative side, it doesn’t offer fundamental data. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, since the preset leverage levels may be high. ATFX has a competitive selection of forex pairs, but its CFD product offering is smallerthan that of its closest competitors, and unfortunately, you can’t trade ETFs or bonds.

ATFX Broker Review

His specialism lies in both fundamental and technical analysis. His strategies aim to minimise risk and help clients to navigate the financial markets successfully. ATFX is an award-winning global spread betting, forex, and CFD broker headquartered in London. The company provides a platform where users from around the world can trade and make money in the financial market.

best atfx review

For example, in the case of forex and stock index trading, spreads, commissions and financing rates are the most important fees. 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. Email addresses are for general information, complaints/disputes, partnerships, support, and sales inquiries.

Does ATFX accept Neteller?

Each one of these is graded, and an overall score is calculated and assigned to the broker. ATFX allows deposits and withdrawals in USD, EUR or GBP and charges no fees for any withdrawal over 100 USD. In the case of bank transfers, your bank may charge you for transfers. Like most brokers, withdrawals can only be made by the same method as the original deposit. Depending on where you live, will determine if your trading account is regulated by the financial authority or not.

You simply have to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit large amounts. For additional trading platforms, the inactivity fee depends on the sort of account you’ve selected. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the agent beforehand.

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