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ATFX is regulated by several regulators including The Financial Conduct Authority (FCA) which is the most trusted regulatory agency in Europe together with CySEC. ATFX is also regulated by the Cyprus Securities and Exchange Commission (CySEC), and Market in Financial Instruments Directive (MiFID). Products and Services on this website are not suitable for Hong Kong residents.

  • This includes The Duke of Edinburgh Cup, the China Event 2018.
  • The Firm has taken the decision to cease providing services to retail clients, with immediate effect.
  • We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
  • We do not present any investment advice or guarantees for the accuracy and reliability of the information.
  • You can withdraw in those three currencies on all three methods, and no, the company charges you no fees whatsoever.

The conversion fee will be dependent on the money you are opting to withdraw in. Withdrawal of money is possible at any time from the ATFX account. It’s possible to draw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don’t necessarily need to have any cash in your account. Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling price.

How many instruments can I trade with ATFX?

There is a vast trading volume; in fact, it has the biggest trading volume of goods in the world. Depending on the country that you sign up for ATFX in, you may have access to a bonus. This only requires opening up a Live Account and then depositing $200. Professional client classification is also available from ATFX. Professional clients do not have to deal with the margin increases from the ESMA changes in 2018. The European Securities and Markets Authority restricted certain products for retail clients starting Aug. 1, 2018.

  • Financial system, and promote healthy competition between financial services providers in the interests of consumers.
  • ATFX offers one type of trading platform, namely the highly popular MetaTrader 4.
  • 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site.
  • The Trading Central is one of the most efficient data analysis providers for forex and CFD traders.
  • An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

ATFX offers mobile trading platforms that are versions of MetaTrader 4. Users can download an app for either Apple or Android devices, enabling on-the-go trading. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

On the website, users can read and download documents related to regulation and compliance, including CFDs and spread betting. All the company’s terms and conditions relating to their specific products and services can be found here. Part of our testing process involves in-depth research into commissions and fees. Yes; in case you were wondering, 78% of the brokers reviewed on BrokerNotes.co offer copy trading.

Everything you should know about trading with ATFX

John Stuart is the editor’s chief of BrokerTrending and our expert broker. He has been in the online trading business for over 12 years, and he knows everything there is to know about the stock and forex market. When he’s not giving advice to the top investors, John can be found spending time with his wife and two children. ATFX offers three different accounts that cater to a wide range of Forex and CFD traders, from beginners to professional traders. A VPS service is available for continuous daily connectivity the and MT4 desktop provides customizable libraries, custom indicators and scripts, allowing it to meet a variety of trading styles. In total, there are over 2000 indicators and 30 chart analysis tools.

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). This means that at all times, ATFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. When you transfer money in your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this operation. For other trading platforms, the inactivity fee depends on the sort of account you have chosen.

– In the following review, we will prove the online broker ATFX and show you the conditions for traders. With more than 9 years of experience in online investments, we will find out if it is a scam or not. Read the following sections to get accurate information about the company. ATFX as a trading company is also approved by the UK’s Financial Conduct Authority, further solidifying its legal standing and regulatory strength. ATFX also provides protection against broker bankruptcy or insolvency for EU clients of up to €20,000 thanks to the Investor Compensation Fund program. Between 74-89% of retail investor accounts lose money when trading CFDs.

Our reviews

But the display of such information is a bit redundant without context and all of the terms combined in one easy-to-understand review. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. ATFX is highly regulated in order to offer a safe and secure trading environment for its clients across several jurisdictions. MT4 for Android offers all the same features as that for iPhone, including forex, CFDs, and more in a simple, convenient, and customized way.

Forex Trading Details

The customers will be required to fill in a form available on the company’s website. Some of the details asked to fill in within the form are personal data like name and age, financial information, and knowledge and experience the customers have within the market. Just like the same features, ATFX offers when making deposits, the same applies to withdrawals. You can withdraw in those three currencies on all three methods, and no, the company charges you no fees whatsoever. Once the client completes the form, the broker activates the account immediately.

Moreover, ATFX offers traders negative balance protection that ensures that traders will not lose more money than deposited. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. Trading Forex, CFD, Binary Options, and other financial instruments carry a high atfx review risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. 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.

You will not have to bear any hidden costs or be a victim to any scams. However, due to regulations ATFX doesn’t accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. If you wish to further protect your accounts, it is possible to empower Two-Step Verification also. As you already know, ATFX operates with proper conformation to regulations.

Trading Central is used in 45 countries and is free to access for all platform users. Trade the world’s most popular crypto assets including Bitcoin, Ethereum and Cardano. MT4’s vast library of Expert Advisors can be used for creating automated strategies. From asset managers to high net-worth individuals, ATFX is a popular pick for investors looking for premium execution and customized liquidity solutions. ATFX has a Trust Score of 67, compared to the industry average of 83, and BrokerNotes.co considers ATFX to be High Risk. 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.