ATFX Wins Best Global Retail Broker Award at FMLS:23

Angelo Vertti, 20 de julho de 2021

A small fee may apply if you are depositing funds with a non-UK credit or debit card, but aside from that, the official website claims that no fees apply. There is not much information provided on the supported countries. 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. ATFX is a broker founded in 2014 that has been gaining popularity in the forex and CFD industry since its foundation. The broker showed potential in recent years, which is why we decided to test and review it. ATFX is a regulated broker with an innovative and proactive approach compared to other forex and CFD brokers in the industry.

It could also impact trading robots overnight as they may fail to enter or exit positions at that time. As said in the beginning of this ATFX review, the brokerage is fully MiFID-compliant. What this means is that customer capital is held in segregated accounts, with reputable European banking institutions. The capital adequacy requirements set forth by the MiFID framework are more than met by the broker. It has to be noted that traders are required to keep at least $5,000 in their Edge accounts, to maintain their status. ATFX reserves the right to change Edge accounts to Standard in the event this minimum equity is not maintained.

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.

  • We provide you with the most optimal tools to do the job.
  • Remember that for compliance reasons, withdrawals must be returned to your original payment source.
  • What this means is that customer capital is held in segregated accounts, with reputable European banking institutions.
  • The list of webinars always includes the title, language, date, start time, and duration.
  • ATFX has managed to rank among the
    best performing brokers globally for years.

Clients can also enjoy full account management via the sleek client portal. The first thing you need to do is go on the official website and look for the sign up button. Right at the top of the page, you will be able to see two buttons suggesting you to either open a demo account or to open a live account. We recommend starting from the demo account so please click on the right side button saying “OPEN DEMO ACCOUNT”.

Forex Demo Account

All trading on ATFX is done via the popular MetaTrader 4 platform. This platform has support for all types of devices, so every client is able to use it. Because of MT4’s popularity, there are also numerous guides and resources available online. ATFX offers a list of default leverages for clients in its Trading FAQ section. Remember that for compliance reasons, withdrawals must be returned to your original payment source.

  • People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
  • As such, this section of ATFX is under regulation from CySEC, the Cyprus Securities and Exchanges Commission.
  • 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.
  • The platform can be downloaded on your desktop, as well as on your mobile and it only takes a few minutes.

ATFX is also regulated by the Cyprus Securities and Exchange Commission (CySEC), and Market in Financial Instruments Directive (MiFID). The value of a pip (pip value) is done by multiplying one pip (0.0001) by the standard lot size. One standard lot size is 100,000 units of the base currency.

I also get up to date market data and news through their webinars and newsletters. I’ve been trading with ATFX for the past three months, the customer service is very responsive and helpful. They also provide trading strategies atfx trading platform content on their website that is worth for a read. They also provide market insights and outlook to guide traders. The company also maintains offices in offshore locations in Mauritius and St Vincent and the Grenadines.

The GREEEEEAAATTT trading platform

It would make it easier to open an account, fund the account, and do basic troubleshooting without contacting ATFX. 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. You can also contact support via live chat in the bottom right corner of the page.

Alternatively, you can pay your deposit via bank transfer. We are certain that the transfers are accepted in a variety of currencies but please contact customer support if you are not sure whether your currency is accepted. If you do not come from any of these countries, we recommend contacting customer support to find out whether ATFX provides services in your country before signing up on it. ATFX offers a Quarterly Market Outlook, allowing you to monitor changes and trends in the financial market with detailed fundamental and technical analysis. It is designed to help you develop an effective trading strategy to make long term profits. The broker requires a minimum of $200 as an initial deposit for you to be allowed to access the trading space and start trading forex, CFDs and so on..

The leverage levels are reasonable as well, and customer support is excellent. ATFX has always encouraged innovation in the forex brokerage industry. Despite the company’s rapid growth, ATFX continues improving its operating model, leading to multiple innovations and breakthroughs.

Trade with trusted forex broker from UK…

Furthermore, it is not wise to measure success in forex according to how much you can earn in one trade. 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. Individual traders can look at functionality and ease of use when choosing which platform to install. With that approach, you may choose between a web-based platform or downloading the software package before installing it on your computer. Tight, competitive spreads – meaning you pay less to open a position. Clients’ funds are segregated completely with the operational funds of the company and kept in different banks, and audited by the regulatory authorities.

Global Leader in Online Trading

You use these software platforms to execute all the buy or sell orders when you trade forex. Forex brokers provide their clients with a wide selection of automated order-processing solutions. The platforms are also customised to the client’s needs because individual clients may have varying market-monitoring styles and preferences.

In the case of profits on trades from deposits made with a card, the extra funds will go to a bank account. You must also fully verify your ATFX account before you can withdraw funds. 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. After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading.

The broker does not offer very detailed information on its trading security measures. The broker offers clients protection through the investor compensation fund of up to €20,000. Moreover, ATFX offers traders negative balance protection that ensures that traders will not lose more money than deposited. To learn how to trade the markets, new traders must practice before investing real money.

The Financial Services Compensation Scheme is available to clients in organizations regulated by the FCA. The scheme comes into play in the rare case that ATFX cannot satisfy its repayment claims. In this situation, the FSCS provides as much as £50,000 in compensation per person for eligible investments. Additionally, ATFX segregates client funds in trust accounts.