The average EUR/USD spread for Forex on the Classic account is 1.8 pips. In addition to competitive spreads for CFDs, ATFX ensures fast order execution, which results in effective and affordable trading solutions for traders. As an ATFX trader, you can enjoy the many benefits of MetaTrader 4 – the most popular trading platform in the industry. This ensures that you have access to the best trading tools in the market and low-latency trading thanks to high-speed servers, which results in fast order execution times and negligible lag. The ATFX minimum deposit for the Standard Account is just £/€100, for which you get a commission-free trading account with market spreads.
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. ATFX has a strong commitment to ensuring that client funds remain safe at all times.
- The website is easy to navigate on all devices, and you can fund your account on the go too.
- You will be able to trade CFD’s, forex, and more thanks to a convenient and simplistic MT4 mobile app that can be downloaded for both iOS and Android devices.
- However, ensure that you know how to make the most of your cash before investing in larger sums.
With over 200 different markets available, traders can diversify their portfolio and capitalize on changing market conditions. Having proclaimed itself a Forex broker and CFD brokerage, ATFX features a fairly standard product selection for this industry. The company offers over 200 financial instruments to trade with, including a range of forex pairs, and CFDs in indices, commodities, cryptocurrencies, and shares. The company supports the free MetaTrader 4 (MT4) trading platform developed by MetaQuotes. While MT4 remains the market standard for retail traders, the lack of selection is a disadvantage compared to the trading platform choices on offer with other brokers. Offers a decent range of trading account types that should suit most traders.
My IB have been trading with ATFX for a…
According to the About Us page of the operator, ATFX was launched back in 2014, by ATFX Global Markets (CY) Ltd., which used to be known as Positiva Markets (CY) Ltd. According to the said page, the decision to launch this retail-oriented trading destination was made after the company had already achieved success at an institutional level. When it comes to data security, ATFX makes sure your data is secure with SSL encryption.
- The Compensation schemes protect retail investors up to €20,000 and £85,000 respectively if the broker goes into administration.
- The Standard account will require a minimum deposit of $100 and will offer a minimum spread of 1.2 pips on currency pairs, such as EUR/USD.
- Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts.
- ATFX has a strong commitment to ensuring that client funds remain safe at all times.
- ATFX is a relatively new Forex and CFD broker that has created quite a buzz among traders.
With MiFID, investment firms are able to freely offer services within other member state’s territories or those of third parties. The only requirement is that the investment firm must have authorization for those services. ATFX uses the most recent bridging technologies to get the best rates from its liquidity provider. The payment systems on ATFX are super-fast, including for deposits and withdrawals. We tried contacting customer support within office hours and they responded quickly and efficiently.
You can actually switch to demo at any time, even after you have deposited funds into your real account. Once you have deposited funds into your account or have opened a demo account, you will be suggested to download MT4. Doing that takes just a couple of minutes, alternatively, you can also access MT4 WebTrader, a browser-based platform that does not need to be downloaded.
Besides, ATFX also does not provide services to politically-exposed countries such as North Korea, Syria, Iran and a few others. In terms of its client coverage, they aim its CFD trading services at retail traders who use or are interested in using the MT4 platform. Yes; in case you were wondering, 78% of the brokers reviewed on BrokerNotes.co offer copy trading. To learn more about social copy trading (and to see our picks for the best forex brokers for copy trading), check out our guide to copy trading. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers.
For retail clients, priorities are the transaction cost and the overall price. For professional clients, speed and execution likelihood also play a role. 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.. Another positive thing about it is that no fees are charged, no matter what payment method you choose, be it debit or credit cards, e-wallets or wire transfers. ATFX offers a decent variety of trading products for you to choose from compared to other forex and CFD brokers such as Coinbase and Plus500.
Markets and Products
The Trading Central is one of the most efficient data analysis providers for forex and CFD traders. ATFX connects traders and investors to the forex and CFD markets, acts as an STP broker, meaning the broker obtains the best spreads and commissions from its liquidity providers. ATFX uses some of the newest technologies to get the best rates from its liquidity providers, removing the conflict of interest between the trader and a forex broker.
Can you trade Japanese Shares with ATFX?
Remember – there’s a difference between trading U.S. stocks as CFDs (tradeable instruments that track the price of an underlying security or asset) and being able to own the underlying stock. If you purchase a U.S. stock, you own the actual shares; if you purchase or trade a CFD, you don’t own the asset itself. According to our database, 92% of forex brokers allow you to trade U.S. stocks as a CFD, while only 28% allow you to own the stock itself. Here’s how ATFX fares in providing clients with the most common types of educational content.
ATFX is not included in our list of recommended brokers.
In addition to the daily market reports, ATFX also offers Fundamental Commentary. You will find articles related to fundamental moves, upcoming events in the economic calendar, and advanced economic indicators. They are also available for download in the Analysis section of ATFX. They include a number of older reports so you can view historic information. As with the market reports, the Fundamental Commentary is from a third-party and ATFX does not take responsibility for accuracy. There are also filters, including for country, time, importance, and category.
The use of Expert Advisors allows for automated trading strategies. MT4 also has enhanced trading speed and is known for its robustness and stability. For each product, you can view the name, minimum spread, contract size, and minimum and maximum lot size. Keep in mind that there are specific product specifications for each account type. Those include Retail – Standard Clients, Standard – Edge Account, and Professional Clients.
Does ATFX offer phone customer support?
The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations. One great way to get started and have a feel of the features the ATFX platform offers has a demo account. This proves to be a very useful tool, especially for enthusiasts and beginners who are either moderately or much new to the platform as it enables them to sharpen their trading skills.
This comprises market news and analysis of some of the markets known to be very popular, such as oil, indices, cryptocurrencies, and precious metals. This also updates focus on particular products, including predictions, influences, and much more. ATFX is a fast-growing Forex atfx review Broker with amazing competitive trading and also spread conditions. This does not displace the fact that the platform is a good one on a general level. You can trade currencies (forex), commodities, cryptocurrencies, indices, and shares by starting with a low amount of money.
