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

atfx review

HONG KONG, Aug. 14, 2024 /PRNewswire/ — ATFX is pleased to announce the launch of the ATFX Client Funds Insurance. ATFX offers its clients multiple educational resources to help them sharpen their trading skills. On the ATFX website, you will find free e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies and more. The ATFX CopyTrade dashboard ranks all the signal providers based on their earnings, risk profile, and win rate, making it easy for followers to choose their preferred signal providers. These services are available in all markets, including China and Southeast Asia. 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.

What is the maximum leverage

ATFX is a regulated broker with an innovative and proactive approach compared to other forex and CFD brokers in the industry. After I start using ATFX, I have never changed to other platforms. As said in the beginning of this ATFX review, the brokerage is fully MiFID-compliant.

Is my money safe with ATFX?

  • Forecasting forex market moves is vital to your progress as a trader.
  • Even so, ATFX does not provide assured stop-loss protection.
  • The broker’s support is available 24/5 via email, live chat, or phone.

ATFX is an award-winning online broker offering forex trading, CFDs, and spread betting to professional investors. This 2024 review covers everything from the MetaTrader 4 (MT4) trading platform and account safety and security to leverage rates. ATFX has partnered atfx review with Trading Central, one of the foremost market analysis companies in the world. Trading Central provides analysis covering Forex, commodities, indices, and precious metals based on expert data.Also, ATFX gives all its customers free AutoChartist access.

Spread Betting

atfx review

As far as the Spot Forex offer is concerned, ATFX boasts great order execution, attractive leverage, and a superb client portal for account management – among other things. Some reviewers say their spreads are not quite tight enough, and it’s true that spreads seem to be above average, compared to competitors. There are also allegations that the site does not offer a choice of trading platforms, but we found that simply does not hold water. Before investing any real money, ATFX gives you the option to open a free demo account with $100,000 virtual funds.

What are the spreads at ATFX?

The company offers over 200 financial instruments to trade with, including a range of forex pairs, and CFDs in indices, commodities, cryptocurrencies, and shares. 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. Mr. Alejandro Zambrano who has over 12 years of experience as a professional trader and has been recognized by CNBC, Reuters, and Bloomberg.

Experiment and test on your MT4 platform to create your personalised trading strategy. InvestingCube’s editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors.

Withdrawals via e-wallets will typically arrive within 2 days. Refunds to debit and credit cards typically finish processing in 2 to 5 days. Professional client classification is also available from ATFX.

Once you’ve done that, check your email for the login details of your demo MT4 account, download the platform and start trading. They also provide an economic calendar and free quarterly market outlook containing longer-term analysis that covers all of the markets ATFX offers. ATFX offers a limited selection of assets for CFD trading, some of which include 15 indices and more than 50 individual stocks. 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.

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. There are over 80 assets you can choose from, including stocks, forex, and indices. Besides lots of currency https://forexarena.net/ pairs, ATFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Indexes, Metals and Spread betting for your best choice. Somehow, remember that different instrument has different trading conditions.

In other words, an online broker isn’t necessarily affected by the number of customers they have. Download the ATFX MetaTrader 4 Program free of charge from Apple’s App Store. ATFX customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.

To add to the protections in the unlikely event of insolvency, AT Global Markets (UK) Limited clients have FSCS coverage. The Financial Services Compensation Scheme is available to clients in organizations regulated by the FCA. 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.

Top-notch execution is assured by STP (Straight Through Processing). The asset list includes 43 currency pairs, among them majors (like the most popular EUR/USD), minors like AUD/CAD, and exotics, such as the EUR/HUF. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor.

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. The company also supports MetaTrader 4 (MT4), which is a popular trading platform among retail traders. When it comes to forex trading, they offer access to only 42 currency pairs, which is less than the majority of other platforms. They still provide you with the ability to trade all of the major pairs but offer a limited selection of minor and exotic currency pairs on their platform.

You should seek independent advice before making investment decisions. Any opinions expressed do not reflect those of ATFX.You can employ the advice of a CPA (Certified Public Accountant) to help you plan your financial goals. ATFX UK does not accept any third-party payments and deposits must be from the client’s personal account. Bank wire transfers can take around two to five working days to process. Trading accounts will not be credited until the funds have cleared. ATFX UK operates a “no dealing desk” policy, reducing broker intervention and improving the transparency of trading conditions and the trading environment.

Premium account holders can access one-click trading using their charts and trade without commissions. In addition, they have access to a free virtual private server (VPS). The company has several active social media accounts for both its global and U.K.

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