ATFX Review 2024: Is ATFX Scam or Legit Forex Broker ️
However, it is important to note that MT4 is a trading platform created for more advanced traders. If you are a beginner, the MT4 platform may appear complex with too many tools and features that make little sense to you. Unfortunately, ATFX does not prove users with a simpler, beginner’s option. Usually, forex brokers like to provide one simple web trader for beginners, and MT4 for more advanced traders, so this is definitely a feature that is lacking when it comes to trading with ATFX. Before investing any real money, ATFX gives you the option to open a free demo account with $100,000 virtual funds.
- The funds take about one working day to clear.To deposit and withdraw, you just need to go to your account dashboard, select the process you want, and then follow the process.
- You can also contact support via live chat in the bottom right corner of the page.
- All the VIP groups are available after purchasing a subscription.
- Spread betting is popular for traders who want to diversify their portfolios.
- ATFX cannot open client accounts in certain countries due to regulatory restrictions.
International clients will be trading with an offshore company based in St. Vincent and Grenadines. This includes market news and analysis for popular products such as oil, precious metals, indices, gold, crypto, and FX majors. Updates focus on specific products and include predictions, influences, and more. As expected from a broker, ATFX does indeed have an economic calendar.
Very bad broker
Autochartist uses an advanced recognition programme that allows it to identify chart patterns and key price levels across all major markets, including FX and CFD instruments. Both beginner and experienced traders can benefit from the features offered by Autochartist. Autochartist provides high-probability opportunities and helps predict upcoming trends with accuracy and speed. Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape.
Smooth broker and acceptable all-rounder
However, it’s important to note that some of the products we discuss are from our partners. Since ATFX is a regulated firm, it has a clear complaint-handling procedure. That, in turn, improves the transparency of trading conditions.
ATFX provides traders with the latest financial market news and overviews for some of the most popular products including FX majors, precious metals, oil, commodities and indices. The company is headquartered in the City of London and is regulated by the Financial Conduct Authority (FCA). They also ensure that client funds are held in segregated accounts, separate from the company’s own capital. The group AT Global Markets (UK) is also a member of the Financial Services Compensation Scheme (FSCS), this covers eligible investments of up to £۸۵,۰۰ per person, per firm.
ATFX’s Trading Instruments
Following processing, funds will usually clear between 1 and 3 working days. International bank wires typically require 3 to 5 more working days to appear in your account, depending on the bank. Withdrawals via e-wallets will typically arrive within 2 days. Refunds to debit and credit cards typically finish processing in 2 to 5 days.
You should seek independent advice before trading if you have any doubts. Past performance in the markets is not a reliable indicator of future performance. On this link, you will be asked to enter a few details about yourself. These are your first and last name, phone number, email address, your preferred account type, account currency, and the amount you want to start with. You will then be given access to download https://traderoom.info/atfx-a-reliable-broker/ the MT4.If you are an experienced trader, you should go straight to the open live account page.
ATFX also has its own self-developed accounting system which is automatic. It ensures that withdrawals are only possible when the identity of the client matches the information on the account. For further finance transparency, ATFX has partnerships with EY, a professional audit organization. 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.
- Unfortunately, ATFX does not publish its swap rates and we cannot compare it to other industry-leading brokers.
- The broker has also developed a proprietary trading app, while copy trading is available via a dedicated CopyTrade app.
- Or you can search for a specific event by name by clicking on the Filters.
- The broker prioritizes compliance with regulatory requirements and is subject to close monitoring, which ultimately increases traders’ safety and confidence in the company.
- The MT4 trading platform offers traders advanced charting, technical analysis, trading signals, market news, alerts, and VPS.
ATFX Review Conclusion
Here the user will be able to read in-depth eBooks, as well as access to a number of trading courses. Courses range from economics, MetaTrader tutorials, social trading, cryptocurrencies, trading strategies to even covering capital management. If you are keen on being a partner with a reliable, safe, proven and trustworthy online as well as mobile-based trading platform, then you are perhaps in the right place. There are reasons to believe that the ATFX broker is quite efficient, fast, and reliable when it comes to account deposit and account withdrawal.
The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.
ATFX only allows deposits and withdrawals in USD (or EUR in the case the bank transfers) but charges no fees for either. It is hard to tell what the average spreads are for each account type as only minimum spreads are published, and only for one of the accounts (but which one is not made clear). As per ATFX minimum spreads on the EUR/USD start at 1.5 pips and the AUD/USD at 2.2 pips. Besides lots of currency 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 this case, you have to make sure that your strategy is well suited for the instrument you chose.
ATFX chose to sponsor this particular event since it began in the UK and is promoted in regions worldwide. Additionally, the Duke of Edinburgh Cup is a known charity that has Royal Patronage. This lines up with the philosophy of ATFX, which further encouraged the broker to sponsor the event. This particular event is long-standing, with 18 years of events. Over 20 countries from five continents have participated and there have been over 134 tournaments. To give traders confidence in the Trading Central information, it is part of three different associations for Independent Research Providers.
ATFX offers competitive spreads and costs compared to other market-leading brokers. Its forex average spread of 3.35 pips is in line with industry standards, while its crypto average spread of 18.80 pips is relatively high. Overall, ATFX’s costs are comparable to other brokers when considering all asset classes. The broker has not yet garnered any user reviews, which can be a drawback for potential clients looking for user feedback.
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