ATFX Review 2023 Detailed Information about ATFX Forex Broker

November 27, 2020
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atfx review

Non-UK traders will need to be aware that they may be charged a small fee for debit and credit card deposits. Only the Professional account type does not qualify for negative balance protection, and all of the accounts currently supported allow you to deal in sizes as small as 0.01 of a lot. The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. ATFX is a co-brand shared by multiple entities, each authorized and regulated in their respective jurisdictions. ATFX offers a fee structure with no inactivity charges, but it lacks clear information on spread costs, which could affect trading cost transparency.

Live Forex Trading Account

A longer-term perspective helps as you trade forex for small, consistent profits instead of making poor decisions while chasing one or two golden chances. Tight, competitive spreads – meaning you pay less to open a position. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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atfx review

You must have the right money management routines to be among the best. You have to protect your trading account by committing manageable lot trade sizes. Never get too confident when you have a good run of profits or too scared when a few trades go against your predictions. You can always go back to your demo account to polish your strategy even as you continue to operate a different account to trade forex. The high liquidity these participants generate (the amount of money available to buy or sell) provides a steady flow of forex investment opportunities.

ATFX Forex broker description

When it comes to spreads though, as already mentioned, they’re floating so it’s hard to pinpoint the most accurate version. But we can say that the major currency pairs have a pretty stable 0.1 pips spread which is the best option to get. Probably the only issue we encountered during the ATF review was finding out about the minimum deposits. It required us to register an account and find out how much it required to activate it. Forecasting forex market moves is vital to your progress as a trader. Accessing our market reports will keep you up to date with everything you need.

  1. ATFX has incorporated a live chat feature on its platform, enabling clients to engage in real-time conversations with their support representatives.
  2. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
  3. In this situation, the FSCS provides as much as £50,000 in compensation per person for eligible investments.
  4. To make use of the affiliate program, you just register to be an ATFX Partner.
  5. Pending orders are triggered, transacted, and executed as a market order.

What can you trade?

The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. As a Cyprus Investment Firm, the operator is a member of the investor compensation fund. The Financial Services Compensation Scheme (FSCS), covers eligible investments of up to £85,00 per person, per firm. The books of the operator are subjected to regular audits by the competent financial authorities and the brokerage observes strict KYC and AML policies. Retail accounts also offer negative balance protection, meaning you can never lose more than you have on deposit with the broker. The Premium account requires a deposit of $10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips, but there is a commission charge with this account.

Mobile Trading

ATFX adheres to strict payment guidelines, as they do not accept third-party payments. Deposits must originate from the client's account, ensuring transparency and compliance with regulatory standards. ATFX takes a tailored approach to trading conditions which vary depending on the asset being traded. ATFX provides an updated list of trading conditions for each asset to ensure convenience and transparency. Specific trading conditions for those interested in spread betting are outlined for FX majors, FX minors, metals, oil, and indices. ATFX provides an average offering in forex and CFD markets, with 44 forex pairs and 150 tradeable symbols available for trading.

It can also be a useful tool for beginner traders who need to hone their skills. Or advanced traders can use the demo account to test new strategies. 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.

atfx review

We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Very bad broker, you have to suffer to withdraw your money and it’s a must that you loose money with them before that. Since ATFX is a regulated firm, it has a clear complaint-handling procedure. In most cases, ATFX is able to resolve complaints early on.

ATFX offers best in class trading experience for its various Forex pairs and CFD instruments via the popular MetaTrader 4 trading platform. MetaTrader 4 has been one of the top software packages used by Forex brokers that comes with a wide range of built-in technical analysis capabilities. Also, the company offers expert market analysis and trade ideas.

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. Trading Central is well-respected worldwide, conducting research for over 200 investment banks, professional dealers, brokers, and fund managers.

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