Retail clients registering with ATFX come under the monitoring agency’s Investor Compensation Fund (ICF) in Europe and the Financial Services Compensation Scheme (FSCS) in the UK. The Compensation schemes protect retail investors up to €20,000 and £85,000 respectively if the broker goes into administration. ATFX, formerly Positiva Market (CY) Ltd is a CFD and spread betting broker operating from London. The firm is the subsidiary of ATFX Global Markets (CY) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here.
- If you are confident of your knowledge and understanding, you can open an account with ATFX.
- ATFX provide traders with a choice of two primary accounts, including the Edge account and the Standard account.
- The minimum deposit that you must deposit to get started on ATFX is $100.
- Generally, ATFX does not charge high fees in comparison to other online brokers.
If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. That being said, not all regulator licenses carry the same weight. I also get up to date market data and news through their webinars and newsletters.
Deposits and Withdrawals
The broker also has an extensive educational section with articles, videos, webinars and tutorials on different topics related to forex trading. This makes it easy for traders to gain knowledge about the markets they’re trading in. Plus, the broker offers demo accounts that allow traders to practice their strategies without risking real money. On top of the education section, the broker offers resources to help you carry out research and market analysis. There is also a link you can click on to download the software.
When he’s not giving advice to the top investors, John can be found spending time with his wife and two children. ATFX supports three currency-denominated accounts, EUR, GBP, and USD. Clients can deposit funds using major Debit and Credit cards for free. However, if you are planning to use a non-UK-issued card, there might be some small fees.
- Thankfully, the STP mode will enable brokers to interact with all liquidity providers to establish the most competitive ask and bid price for traders.
- These entities have established their presence in several parts of the world, such as Europe, Africa, Asia, and the Middle East.
- ATFX offers competitive pricing on a wide range of CFDs, including forex, commodities, indices, shares, etc.
This ATFX review has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about ATFX to give you the most comprehensive guide available. Our review team were pleased to discover withdrawing at AFTX is equally simple. You can withdraw funds via the same method by which you deposited and all requests are processed within 1 working day, if submitted before 2 PM (GMT).
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Their integration with MT4 (Metatrader 4) offers a seamless trading experience. This includes unlimited access to TradingCentral (depending on your account type), where you can use expert market analysis derived from automated third-party services. This is completely unbiased, customizable, and spans over 8,000 financial instruments. It also offers trading signals, including price indicators, entry/exit signals, and slow and fast oscillators. ATFX has about 100 products on offer, all of them accessible from three account types- Premium, Edge and Standard, with the minimum deposit on the Standard Account at $€£500. Also, the tier-I regulated broker provides only the MetaTrader 4 platforms for all its customers.
Review Sections:
The Trading Products section at ATFX offers a comprehensive choice of financial assets to trade, including FX and CFDs in shares, cryptocurrencies, indices, and commodities. A total of 43 currency pairs are on offer, including majors, minors and exotics. You can also trade cryptocurrency, with Bitcoin, Ethereum, Litecoin, and Ripple all available. The exact trading conditions are listed separately for each currency pair at the site. Being one of the top internet brokerage firms, ATFX has been in the internet trading business for over 9 years.
How do I open an account on ATFX?
Overall, however, there is no convenient way to find information on other FAQs. It would be nice to have a dedicated section for information such as this. It would make it easier to open an account, fund the account, and do basic troubleshooting without contacting ATFX.
Investment Types at ATFX
Spread bets and CFDs are complex instruments and come with a high risk of losing money
rapidly due to leverage. The vast majority of retail client accounts lose money when
trading CFDs. You should consider whether you can afford to take the high risk of losing
your money. Please read the full risk disclosure on pages of our Terms of Business.
One of the most notable ATFX features is the fact that they offer competitive spreads, decent liquidity, limited restrictions on trading, and a wide variety of markets. Traders will also be pleased to know that scalping is available on the site as well as automated trading. The company strive to keep things as simple as possible which means you won’t find all the bells and whistles that are usually touted within the financial industry. Instead, the company emphasises their goals quite modestly by providing competitive pricing.
The leverage levels are reasonable as well, and customer support is excellent. And Irelands and allows you to speculate on financial markets using margin. Furthermore, spreads for ATFX spread-betting accounts are generally competitive and start at 0.6 pips. When it comes to forex trading, they offer access to only 42 currency pairs, which is less than the majority of other platforms.
The company guarantees the security of clients’ funds by segregating them from its accounts and refraining from using them for operational purposes. Also, you can access the MT4 platform from your desktops, web browsers, and mobile devices. The broker provides a variety of educational resources, market news, insights, and analysis as well.
The company also lets you trade CFDs using a third party or your automated trading software via MT4. The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. It is a trustworthy brokerage firm regulated by two reputable authorities, the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
75.12% of retail investor accounts lose money when trading CFDs/Spread betting with this provider. You should consider whether you understand how CFDs/Spread betting work and whether atfx review you can afford to take the high risk of losing your money. Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk.
