The firm is regulated under FCA (UK), and they specialize in forex trading. In order to begin taking their service, one needs to make a minimum deposit of $500. Overall, ATFX can be summarised as a credible and trustworthy online forex broker.ATFX is highly regulated by the CySEC.ATFX offers one type of trading platform, namely the highly popular MetaTrader 4.
Is ATFX a regulated broker?
Client funds are held in segregated accounts that are separate from the company monies. This means in the event of insolvency, client funds cannot be used to reimburse creditors. Under the scheme, investments up to £85,000 per person are protected. ATFX received an ADVFN award for Best Customer Service in 2019.
ATFX Deposits and Withdrawals
- You can login the first time you’re your name and email address.
- ATFX is a member of the Financial Ombudsman Service (FOS), pledges data protection, while all client funds are in segregated accounts, and come under multiple investor compensation schemes.
- Spread betting is popular for traders who want to diversify their portfolios.
Multi-language support is available 24/5, and real-time information is included that helps the user with the decision-making process. Pending orders are triggered, transacted, and executed as a market order. The most up-to-date bridging technologies are used on the site to secure the best rates from its liquidity providers. Account opening is quick and easy, enabling users to atfx broker review begin trading immediately, and there is a free demo account for those who want to undertake system and strategy testing. Many brokers offer the ability to trade with micro or nano lots, which allows you to control small positions with a modest amount of capital. First and foremost, familiarize yourself with the key features and functionalities of your chosen Forex platform.
ATFX leverage limits
ATFX offers competitive pricing and delivers a state-of-the-art client portal protected by leading encryption security systems. You’ll execute your trades through the MT4 trading platform, which is regarded as one of the best trading platforms on the market. As for educational tools, the ATFX broker does not offer the most excellent variety of resources of this type compared to other brokers but regularly provides free webinars to all its clients. From our experience, the test results and conditions for traders are speaking for themselves. The features of the demo account include the choice to trade in about 100 financial products across forex, gold, oil, indices and cryptocurrencies from your PC or mobile.
During these webinars, there are also real-time insights provided to traders. Mr Zambrano shares his wealth of knowledge on the markets, as he holds over 12 years of experience. His specialism lies in both fundamental and technical analysis. His strategies aim to minimise risk and help clients to navigate the financial markets successfully. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Minimum deposit
For further finance transparency, ATFX has partnerships with EY, a professional audit organization. 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.
The ATFX broker account can be opened effortlessly with a fast procedure. 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. There is also the MetaTrader 4 platform, which allows professional trading. You can choose between the spread account or the commission account.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Compare the markets and instruments offered by ATFX and its competitors.
As with most platforms, the company pays withdrawals into the same account from which they made the initial deposit. Non-UK traders will need to be aware that they may be charged a small fee for debit and credit card deposits. Only the Professional account type does not qualify for negative balance protection, and all of the accounts currently supported allow you to deal in sizes as small as 0.01 of a lot. There is one unusual practice that the broker takes a one-minute trading break each day around midnight (GMT+2 or GMT+3 during Daylight Savings Time). Or European based day traders, it may not suit those who typically hold positions for the long-term or trade the Asia session. It could also impact trading robots overnight as they may fail to enter or exit positions at that time.
This is combined with effective protection measures and strict supervision. The result is a trading environment that is safe and reliable. Partners also receive https://forexarena.net/ 24/5 live support from an assigned Account Manager. There are guides from experts depending on plans, business goals, and your competitive advantages.
The broker charges zero commissions on most trades and offers tight spreads on various assets, making it a cost-effective option for active traders. Additionally, Plus500 does not impose fees for deposits or withdrawals, which can result in substantial savings over time. Firstly, the platform’s user-friendly design caters to both novice and seasoned traders.
Reputable forex brokers play a crucial role in this regard, offering traders access to a diverse range of trading platforms that cater to various skill levels and investment strategies. These platforms not only facilitate seamless order execution but also provide valuable insights, educational resources, and customer support to help traders make well-informed decisions. The broker offers trading on various assets, including forex, commodities, and CFDs. Several types of accounts are available, though the brand now focusses on professional clients. Competitive spreads are offered and no commissions are payable.
The platform can be downloaded on your desktop, as well as on your mobile and it only takes a few minutes. In addition, ATFX offers you the option to launch the platform on your browser. One of the advantages of ATFX is the ability to trade the MT4 via the user’s dashboard. It is currently owned and operated by AT Global Markets and is registered at the 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. The broker is regulated by FCA, CySEC, MiFID and authorized to offer its services in EEA countries.
With the Economic Calendar, the items are automatically updated to provide you with the latest information that could affect the products that you trade. These are divided into categories, such as forex majors, minors, and exotics. Withdrawals are also offered free of charge from ATFX, though charges from banking institutions may apply. Deposits are offered free of charge from ATFX, though charges from banking institutions may apply. Because of this, potential clients must be very careful when considering ATFX as a valuable broker alternative.