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ATFX Broker Review 2024

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ATFX Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:ATFX
Founded:London, United Kingdom
Min Deposit:500
Max Leverage:30
Headquarter:London, United Kingdom
US Accepted:
About
ATFX is a Forex broker established in 2017, offering 120+ instruments with robust regulation from top-tier authorities like FCA and CySEC. Key features include multiple account types, MT4/MT5 platforms, 24/7 support, and copy trading. However, limited instruments and mixed reviews could be drawbacks.
Contact
1st Floor, 32 Cornhill, London EC3V 3SG. United Kingdom
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Regulated By Several Trusted Authorities
Negative Balance Protection
An Extensive Suite Of Educational Content
Cons
Limited Product Range Compared To Some Competitors

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.

ATFX
A thorough review of AFTX broker with its strengths and weaknesses

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.

Strengths and Weaknesses

There are pros and cons with every concept in the world. Let's investigate the benefits and drawbacks of trading with ATFX:

Strengths

Weaknesses

Regulated By Several Trusted Authorities

Limited Product Range Compared To Some Competitors

Negative Balance Protection

-

An Extensive Suite Of Educational Content

-

While the brokerage offers a solid trading experience with strong regulatory oversight, traders looking for a wider range of instruments or a proprietary platform might find it lacking in these areas.

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:

ATFX registration notice
According to the notice, ATFX has stopped providing services to retail clients

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
ATFX metatrader 4
MetaTrader 4 trading platform for ATFX broker

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.

ATFX List Of Restricted Countries

While ATFX serves clients globally, there are some restrictions because of international sanctions, local regulations, etc. The broker does not provide services to residents of:

  • United States
  • Canada
  • Japan
  • North Korea
  • Iran
  • Cuba
  • Sudan
  • Syria
ATFX restricted countries
List of countries that are not accepted by ATFX

Always check the most up-to-date list on the website or contact the company's customer support for specific country restrictions.

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
ATFX on reviews.io
ATFX has received mixed reviews on the REVIEWS.io website

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.

FAQs

Is ATFX a reliable broker?

The brokerage is regulated by multiple top-tier authorities, but there are mixed reviews about its services.

What is the minimum deposit for ATFX?

The minimum deposit starts at $500 for a Standard account, and goes higher for other account types.

Can I use Expert Advisors (EAs) with ATFX?

Yes, the company supports the use of EAs on both MT4 and MT5 platforms.

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