ATFX Review 2023: Scam or Legit FX Broker? Pros & Cons

In terms of trading platforms, while AvaTrade offers both its own platform and the popular MetaTrader platform, ATFX only offers the MetaTrader 4 platform to its customers. It’s worth noting that ATFX operates on a variable spread model, which means that spreads may vary depending on market conditions. Additionally, swap charges may apply to positions that are held overnight, and these charges can vary depending on the currency pair being traded.

ATFX Customer Support

For example, the FTSE can be traded when the London Stock Exchange is open. ATFX UK does not accept any third-party payments and deposits must be from the client’s personal account. ATFX provides a list of default leverages atfx trading platform for clients that can be found in its Trading FAQ section. ATFX UK operates a “no dealing desk” policy, reducing broker intervention and improving the transparency of trading conditions and the trading environment.

Can you trade cryptocurrency with ATFX?

In this situation, the FSCS provides as much as £50,000 in compensation per person for eligible investments. There is no concern about complexities during the integration process into ATFX. The list of webinars always includes the title, language, date, start time, and duration. You can also read a description of the webinar to help you decide if you want to register. The webinars include regular ATFX Daily Market Updates several times a week in English. You can also find webinars in Italian, German, Spanish, and other languages.

ATFX Accounts

Our review also indicates that ATFX charges an average trading fee of $8.77, while Roboforex has an average trading fee of $1. Additionally, the minimum spread on ATFX is 0.1 pips, compared to the minimum spread of 0.0 pips offered by the competitor. Therefore, for investors seeking lower commissions, tighter spreads, and higher leverage, Roboforex may be the better option. Both ATFX and Roboforex are well-regulated brokers that offer a wide range of financial instruments.

How Does ATFX Protect Client Funds?

We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. ATFX provides MetaTrader 4, catering well to traders who favor this platform for its robust functionality and established market presence. ATFX offers a fee structure with no inactivity charges, but it lacks clear information on spread costs, which could affect trading cost transparency. This means that every ATFX client referral case leads to gains. Commission payments are instant without hidden charges or fees. Pending order options include Buy Limit, Buy Stop, Sell Stop, and Sell Limit.

Forex trading can be done with algorithms that process trades if they meet certain rules within a given framework. Therefore, if you have come across claims of scams on ATFX review sites out there, you might want to retrace your footsteps because you can be sure that you weren’t scammed by ATFX but by imposters. A number of ATFX review complaints are from people who were scammed by imposters. However, a look at customers who have been served by actual ATFX platforms has good testimonials.

Even so, the inclusion of the reports for ATFX clients is an incredibly useful tool. It can lead to a great deal of time savings in research or supplement a client’s other research strategies. There are also filters, including for country, time, importance, and category.

Many traders throughout the world select ATFX for their services that are trading. They offer trading on MT4, Mac, Web Trader, Tablet & Mobile apps which allow this. If your balance is unfavorable, ATFX indicates that you contact customer services. Any processing fees from your bank might have to be incurred by you. The reason that ATFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, ATFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC (Know your customer).

Because of this, potential clients must be very careful when considering ATFX as a valuable broker alternative. The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply. The highlight of the platform is its fast order execution on trades. If you wish to further protect your account, you can enable Two-Step Verification as well.

• Client funds are held in segregated accounts that are separate from the company monies.
• The result is a trading environment that is safe and reliable.
• The broker also makes the process of opening accounts quick and easy, allowing for trading right away and also provides a free demo account for testing the system.
• Our ATFX reviewers also discovered you are free to install new EAs, indicators, and make full use of the open-source nature of the MT4 by participating in the MQL community.

This tool allows for the visualization of buy and sell signals right off the charts. To view all the products that ATFX offers on MetaTrader 4, visit the Market Watch window. https://forexarena.net/ This way, you can find any asset and use the available advanced trading tools with it. MetaTrader 4 for Windows has multilingual trading support plus multi-currency support.

The minimum deposit for spread betting accounts is £100 with a stop-out of 0.5. There are no rejections or requotes while EAs and hedging is permitted. The company’s terms on spreads also make them one of the most competitive platforms available for professional investors. The company’s Trading Central facility is a top-tier technical analysis resource available for professional clients.

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In such cases, you are paying a spread, financing speed, or even a commission. The kinds of trading fees and the prices vary from broker to broker. ATFX is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge.

A good agent can use your first investments and help to protect it from losses but also provide you a platform that can help to give you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing objectives. It’s essential to be cautious and comprehensive in your ATFX broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of ATFX, its track record, and reputation is vital.

There are no deals, promotions, or welcome bonuses for other countries because they are prohibited by the FCA or other regulatory bodies. However, ATFX does offer various educational services to its professional clients. The MT4 free download for Android or iOS includes advanced charting, such as rapid analysis and customization, providing users with the flexibility to adapt their trading strategy. The MT4 iPhone app includes the most useful features, such as customizable indicators and EAs, and the same applies to the Android application. Multi-language support is available 24/5, and real-time information is included that helps the user with the decision-making process.