ATFX Review 2024: Pros, Cons, & Fees

atfx broker review

ATFX is dedicated to empowering its clients with the knowledge and skills they need for successful trading, as evident from their extensive education center on the broker’s website. With a clear vision and mission to equip traders with technical know-how, ATFX https://traderoom.info/ offers a rich array of educational and analytical tools. ATFX prioritizes a client-centric approach when it comes to withdrawals. To ensure security and compliance, ATFX requires clients’ bank accounts to be fully verified before proceeding with a withdrawal.

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The research displayed in Trading Central utilizes chartist analysis to determine targets and price direction. It also includes mathematical models to determine timing relevance and confirm directions. Trading Central additionally uses Japanese candlesticks and related signals to verify acceleration or reversal markets. There are more than 50 indicators as well as over 30 tools to analyze charts.

Zenit World Elevates Trading Experience with Powerful MT5 Integration

The regulation and authorization from the FCA are for ATFX to be a CFD and FX broker. As part of its FCA regulation and authorization, ATFX follows the agency’s strict regulatory requirements. These include the fair treatment of clients and the protection of client money. ATFX is well-suited for beginners, offering a range of educational videos that cater to new traders. This focus on beginner-friendly content, combined with the support of MetaTrader 4, makes it a viable option for those new to forex and CFD trading.

atfx broker review

Customer Support

They strive to make trading accessible to traders of all levels, whether they are beginners or experienced traders. However, it is important to note that MT4 is a trading platform created for more advanced traders. If you are a beginner, the MT4 platform may appear complex with too many tools and features that make little sense to you. Unfortunately, ATFX does not prove users with a simpler, beginner’s option.

Mobile Trading

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. ATFX is a trade mark of AT Global Markets INTL LTD a company registered in Mauritius under FSC and all services in the Hashemite Kingdom of Jordan is offered through its Introducing Broker. ATFX provides a Forex Education Centre, where you can develop your trading skills with the broker’s free education resources. Find e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies, and more. ATFX offers a range of research tools, which include Trading Central, an economic calendar, and a quarterly market outlook.

atfx broker review

If you have a demo account, you will be given $100,000 to trade, whilst if you are trading live, you will have as many funds as you deposited in the previous stage. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. ATFX is an average broker in the eyes of its reviewers on Trustpilot, with a score rating of 3.7 stars out of 5 stars, based on 64 reviews. Among the highlights, many traders applauded the customer service team’s efficiency and impressive technical know-how.

  1. Very good customer support, Chrstiaan was very polite and helpful in setting up my account.
  2. You can trade indices with ATFX, with 15 types of shares indices from Asia, the U.S., and Europe.
  3. Yes, you can open an account with ATFX if you are residing in Hong Kong.
  4. As part of its transparency, ATFX has a range of legal documents available on its website.
  5. The goal of MiFID was to harmonize financial market governance in the EEA.

The webinars are free to ATFX clients but do require registration. ATFX does not take any responsibility for the completeness or accuracy of the reports. Even so, the inclusion of the reports for ATFX clients is an incredibly useful tool. It can lead to a great deal of time savings in research or supplement a client’s other research strategies.

MT4 is a well-known platform in the trading industry, known for its advanced features, user-friendly interface, and efficient trading tools. To open a live trading account with the broker, clients need to deposit at least $100 for the Micro account. The required initial deposit amount for other account types varies. The company provides a market analysis section on its website that offers educational seminars and investment research via reports that cover forex, precious metals, commodities and indices.

Many investors trade forex only to make speculative gains, not necessarily physical ownership of the preferred currencies. For example, you can buy U.S. dollars if you believe the U.S. dollar will strengthen against other currencies. All the trading is done over the counter, meaning there is no physical exchange like in other markets. However, it is important to note that payment systems may charge additional withdrawal fees, and traders should always check with their payment provider for any applicable fees. Overall, ATFX aims to provide a transparent, secure, and efficient trading environment to its clients, while also prioritizing customer satisfaction and support. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor.

He has been in the online trading business for over 12 years, and he knows everything there is to know about the stock and forex market. When he’s not giving advice to the top investors, John can be found spending time with his wife and two children. All withdrawal methods require up to one day of processing time, but deposits using cards https://traderoom.info/atfx-a-reliable-broker/ and e-wallet is usually processed within 30 minutes. However, the Bitcoin CFD spread starts from 40 pips, which sounds like a lot, but is rather competitive in the industry. Nonetheless, traders can trade Ripple (XRP) CFDs for as low as 0.5 pips spread. In addition to the daily market reports, ATFX also offers Fundamental Commentary.

It’s important to note that these minimum deposit requirements are subject to change, and traders should always check the most up-to-date information on the ATFX website or by contacting customer support. The broker also offers a variety of withdrawal options, including wire transfer, Visa and Mastercard, and electronic payment systems such as Skrill and Neteller. Moreover, ATFX does not charge a withdrawal fee for amounts over USD 100 to debit/credit cards and electronic payment systems. Our review also indicates that ATFX charges an average trading fee of $8.77, while Roboforex has an average trading fee of $1. Additionally, the minimum spread on ATFX is 0.1 pips, compared to the minimum spread of 0.0 pips offered by the competitor.

Furthermore, if you’ve missed an item (or two), check the history of the forex news calendar to see all previous events and how they may have affected your trading products. With the Economic Calendar, the items are automatically updated to provide you with the latest information that could affect the products that you trade. However, in the past ATFX has offered a $100 USD welcome credit promotion. These are divided into categories, such as forex majors, minors, and exotics.

ATFX Review 2024: Pros, Cons, & Fees

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