ATFX is a Forex broker regulated by several top-tier authorities, including FCA (UK), CySEC (Cyprus), SCA (UAE), and other lower-tier ones. Founded in September 2017, this company offers 120+ trading instruments and coverage up to $1M of client's funds.
What are the positive and negative aspects of this broker? In this comprehensive ATFX review, we will discuss everything about it in detail.
Company Specifics & Regulation Licenses
ATFX is a brokerage founded in September 17th, 2017 in London, England. What sets ATFX apart is its impressive list of regulatory approvals, which include:
- ASIC (Australian Securities and Investments Commission)
- FCA (Financial Conduct Authority, UK)
- FSCA (Financial Sector Conduct Authority, South Africa)
- SCA (Securities and Commodities Authority, UAE)
- CySEC (Cyprus Securities and Exchange Commission)
- FSC (Financial Services Commission, Mauritius)
- Seychelles FSA (Financial Services Authority)
- SFC (Securities and Futures Commission, Hong Kong)
This multi-regulation approach ensures that ATFX operates with transparency and adheres to strict financial standards, providing traders with a secure and trustworthy trading environment.
Summary Of Specifics and Metrics
Let's take a quick look at some of the key specifics that are essential to know for getting started with a broker:
Broker | ATFX |
Account Types | Standard, Edge, Premium |
Regulating Authorities | ASIC, FCA, FSCA, SCA, CySEC, FSC, FSA, SFC |
Based Currencies | USD, EUR |
Minimum Deposit | $500 |
Deposit Methods | Credit/debit Cards, E-wallets, Bank Transfers |
Withdrawal Methods | Credit/debit Cards, E-wallets, Bank Transfers |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:30 |
Investment Options | Copy Trading |
Trading Platforms & Apps | MT4, MT5 |
Markets | Forex, Commodities, Indices, Shares |
Spread | From 0 Pips on Premium Account From 1 Pip on Standard Account |
Commission | Only on Premium Account |
Orders Execution | STP |
Margin Call/Stop Out | Not Specified |
Trading Features | Demo Account |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Live Chat, Email, Phone Call, Ticket |
Customer Support Hours | 24/7 |
Account Types Properties
ATFX offers three main account types differentiating in trading costs, minimum deposits, and some deposits. Trading Accounts Specifics and Comparison:
Account Type | Standard | Edge | Premium |
Leverage | Up to 1:30 | ||
Min. Lot Size | 0.01 Lot | ||
Min. Deposit | $500 | $5,000 | $10,000 |
Free VPS | No | Yes | |
One-on-One Sessions | No | Yes | |
Quarterly Catch Up | No | Yes | |
Also, there's a demo account offered by the broker for practice trading and testing strategies with virtual money.
Registration and Verification on ATFX
We made an attempt to register with the broker on its official website, but when we clicked "Start Trading" in the home page, this message was displayed:
Therefore, it appears that ATFX does not offer services to retail clients, at least for now, so you cannot register with this company. We will provide a sign up guide for you if this changes in the future.
Which Trading Platforms Are Available?
ATFX offers two of the most popular trading platforms in the financial industry to its clients. In this part of the review, we will take a brief look at each of them:
- MetaTrader 4 (MT4): Extensive range of tools and features, including 30 technical indicators, trading robots, signals, VPS, etc.
- MetaTrader 5 (MT5): A successor to MT4 with additional features, such as +80 indicators and 21 timeframes
Download the MT4 platform for your mobile devices through these links:
Spreads And Commissions Evaluation
Usually, brokers provide different spread and commission amounts in their live accounts. Trading Costs in ATFX:
Account | Standard | Edge | Premium |
Spread | From 1 Pip | From 0.6 Pips | From 0 Pips |
Commission | No | Yes | |
This is the data we found in our investigation of the website. The trading spread is variable based on the market condition, symbol, etc.
About the fees in other parts and operations, including inactivity and payment costs, no prices were detected.
Deposit & Withdrawal Options
More payment options means more versatility in operating with a broker. ATFX provides several popular funding options:
- Credit/Debit Cards: Visa & Mastercard
- E-wallets: Skrill & Neteller
- Bank Wire Transfer: Via bank accounts
The minimum deposit for all these methods is $100, and the processing time is stated as "usually within 30 minutes", except for the bank wire transfers. For withdrawals, the processing time goes up to 1 working day.
Investment Options: Does ATFX Offer Copy Trading Service?
The broker offers a copy trading feature, which is the entry level of investment methods, that allows less experienced traders to mimic the strategies of successful traders. Here's what you need to know:
- Choose from a selection of experienced "Strategy Providers"
- Set your risk parameters and investment amount
- Automatically copy trades in real-time
- Monitor performance and adjust settings as needed
Copy trading can be an excellent way for beginners to learn from more experienced traders while potentially earning returns. Also, it's easy and does not need any specific skill.
Bonuses And Promotions
Unfortunately, based on our latest investigations on the website, ATFX doesn't currently offer any bonuses or promotions. However, there might be some programs available on some regions. This could be because of the restrictions from the corresponding regulatory bodies.
ATFX Support Channels and Schedule
The broker claims to provide responsive and helpful customer support and answer clients' queries as soon as possible. Contact Methods of ATFX:
- Live Chat: Through the official website
- Email: sales.uk@atfx.com
- Phone: +44 203 957 7777
- Ticket System: For non-urgent queries
Based on our examinations, the broker's support team is available 24/7.
Trust Ratings
Trustpilot, ForexPeaceArmy, and REVIEWS.io are some of the platforms used for submitting trust scores by users. While ATFX is regulated by reputable and high-tier authorities, it has received mixed reviews across mentioned websites:
- Trustpilot: 3.5/5 stars with 14 reviews
- ForexPeaceArmy: 1.0/5 stars, an average of 9 ratings
- io: 3.0/5 stars, based on over 60 scores, only about half of them recommend the brokerage
As with any broker, it's essential to do your own research and start with a small investment to test the waters.
Conclusion And Final Words
ATFX's biggest point of interest is its strong regulation status, being regulated by FCA, CySEC, SCA, and other authorities. Also, it provides useful and extensive educational resources.
On the other hand, it does not offer a long list of trading symbols. Also, there are some negative reviews about the broker's services.
Overall, if you find the range of instruments on ATFX wide enough, proceed with caution and conduct your research before registering with the broker.
