ATFX Review

Point Summary

Introduction

ATFX was founded in 2014 is an online Forex and CFD broker. The firm is the subsidiary of ATFX Global Markets (CY) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom

The investors get access to over 100 CFD financial instruments including Forex, Precious Metal, Crude Oil, Indices and Shares. All the instruments accessible from 4 different account types-Standard , Edge , Premium, Professional Account with the minimum deposit on the Standard Account at $€£500. Also, the tier-I regulated broker provides only the MetaTrader 4 platforms for Desktop, Web, Android and iPhone for all its customers.

Clients’ funds are segregated completely with the operational funds of the company and kept in different banks, and audited by the regulatory authorities.

The trading conditions are a factor of the account types. Due to regulatory constraints, retail clients can expect max leverage of 30:1 while the leverage for professionals goes up to 400:1. Likewise, the spread for the Premium Account starts from zero pips and increases to 1 pip for the Standard Account. Besides, the broker does not charge for deposits/withdrawals, provides free VPS and 1-1 sessions for Premium and Edge account holders.

Both beginner and professional traders will enjoy the impressive trader education tools, webinars and seminars that are available as well as the market research provided and special trading tools such as Trading Central indicators.

Awards

• Best Institutional Forex Broker (Fintech Awards 2020)
• Best Online Trading Services(ADVFN International Financial Awards 2020)
• The Most Transparent Broker(World Forex Awards 2019)
• Best Forex Customer Service(World Finance Forex Awards 2019)
• Best Forex CFD Broker(UK Forex Awards 2018)
• FX Broker of the Year, UK(The European Business Awards 2018 Global Banking Finance)

Is ATFX safe or a scam

ATFX has four legal entities regulated by the following financial authorities. It is authorised and regulated by the UK’s Financial Conduct Authority under the name AT Global Markets (UK) Limited, as confirmed on the FCA register below:

Beside that They are authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15, the Financial Services Commission with license Number C118023331. a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020.

How are you protected?

As a retail client, your funds are held in segregated accounts, separate from our own funds. In the unlikely event of ATFX insolvency, segregated client funds cannot be used for reimbursement to ATFX creditors. AT Global Markets (UK) Limited is a member of the Financial Services Compensation Scheme (FSCS) and if they are unable to satisfy repayment claims, eligible claimants have the right to compensation by the Financial Services Compensation Scheme (FSCS) which covers eligible Investments up to £85,000 per person per firm. Further information regarding the purpose and role of the FSCS can be found on their website http://www.fscs.org.uk.

Another ATFX legal entities as below

Investor protection amount	Regulator	Legal entity
£85,000	Financial Conduct Authority (FCA)	AT Global Markets (UK) Limited
€20,000	Cyprus Securities and Exchange Commission (CySEC)	ATFX Global Markets (CY) Ltd
No protection	Financial Services Authority of St. Vincent the Grenadines	AT Solution Limited (ATGM)
No protection	Financial Services Commission of Mauritius	AT Global Markets Intl Ltd

We recommend the FCA-regulated entity that you can choose because it has the highest investor protection amount and FCA is one of the best financial regulators.

ATFX also provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection

A drawback here is that the company is not listed on any stock exchange and doesnt disclose financial information.

Accounts

ATFX offers a wide range of account types, all of which have been designed to allow our customers to trade according to their individual needs.

All ATFX UK accounts benefit from free deposits and withdrawals, access to ATFX’s premium online trading course. Negative balance protection applies to Standard, Edge and Premium accounts but is not available for Professional accounts. All accounts are held with ATFX UK, authorised and regulated by the FCA (FRN 760555).

See the table below to determine which account best suits your specific trading requirements.
 

	Standard Account	Edge Account	Premium Account	Professional Account
Description	Allows our clients to trade all instruments with competitive spreads	Allows our clients to trade all instruments with even more competitive spreads	Allows our clients to trade Fx, Metals, Oil and Indices on a raw feed and pay competitive commissions outside the spread	Professional traders are not classified as retail clients and forgo certain protections. They must meet the eligibility criteria before they’re accepted as a professional client.
Leverage	Up to 1:30	Up to 1:30	Up to 1:30	Up to 1:400
Spreads	From 1.0 pip	From 0.6 pip	Raw Spreads from 0.0 pips	From 0.6 pip
Commission			(25 USD per mio per side)
Lot Size	From 0.01	From 0.01	From 0.01	From 0.01
One click trading and trading from charts allowed
Minimum Deposit/criteria	$€£ 500	$€£ 5,000	$€£ 10,000	$€£ 5,000
Dedicated Account Manager
Premium Account Manager
Free VPS (Virtual Private Server)2
Trading Central Analysis	TC Newsletter + Trading signal site access	TC Newsletter + Trading signal site access	TC Newsletter + Trading signal site access + MT4 indicator	TC Newsletter + Trading signal site access + MT4 indicator
1-on-1 Skype sessions with Chief Market Analyst
Quarterly Catch up with Chief Market Analyst
ATFX events
Trading Education Allowance3
Funds protection scheme	Yes, under the FSCS	Yes, under the FSCS	Yes, under the FSCS	No

   

As a Professional Client you will lose FCA protections

•     No-negative balance protection: When classed as a professional client, you’ll have an obligation to honour payments if your account was to fall into a negative balance as they’re not obliged to restrict your account in any way.
•     Leverage limits: Retail clients are subject to maximum leverage restrictions up to 30:1. As a professional client these restrictions will no longer apply.
•     Restrictions on CFD’s: The regulator has imposed additional measures as well as leverage restrictions as a way of protecting retail clients. All professional clients waive the right to these protections and any future measures would also not apply to you.
•     A margin close-out rule: Retail clients trades are compulsorily closed out when the available margin in their account reaches 50%. This rule is not applicable to professional clients for whom ATFX’s margin close out level is 20%.
•     Communication: As a professional client they can use more sophisticated market language when they talk to you.
•     Best execution: when executing retail client orders, priority is the overall price and the cost of the transaction when giving best execution. As a professional client other factors also apply as speed and the likelihood of execution.

How to open new account at ATFX

This initial registration takes 5-10 minutes and in most cases, the accounts are verified within 1-2 business days.

The five steps of the ATFX account opening as below

Demo account

The Forex market offers attractive opportunities for traders, but also involves risk. That’s why before diving into Forex trading with a live account, it’s best to open a risk-free Forex demo account. The ATFX Demo Account provides the same Forex trading experience as real accounts. The only difference is that the funds on the Forex demo account are simulated. You don’t trade with real money, so it is completely risk-free.

Pacticing with unlimited demo dollars helps you better understand how to execute trades, as well as your risk exposure.Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in.

How long does my demo account last for?

No expire for Demo account, it means your ATFX demo account will remain there unless you close it

Products

Trading Platforms

ATFX offers users the ability to trade on the MetaTrader 4 platform for Windows Desktop (Windows, Linux or Mac), Web and mobile. ATFX doesnt have its own self-developed trading platform, it uses MetaTrader 4, a third-party platform.

Web Platforms

With ATFX’s MT4 WebTrader, there is no hassle of downloading and installing the platform. Simply launch the WebTrader and enjoy the user-friendly, intuitive features. It is highly customizable, available in a lot of languages, and has a clear fee report. But it lacks price alerts

Some benefits and advantages, such as the:

The search functions are inconvinient. You can not search by name.

Alerts and notification

You cant set alerts and notifications. This feature is available only on the desktop trading platform.

Portfolio and fee reports

ATFX has clear portfolio and fee reports. You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the History tab. We didnt find a way to download them.

Desktop Platforms

ATFXs MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on the desktop trading platform.

It has the same design, is available in the same languages, offers the same order types, has the same search functions, and offers the same portfolio and fee reports as the web trading platform.

Some benefits and advantages, such as :

• Automate Trading with Expert Advisors (EAs)
• View 9 different timeframes and several chart types
• Access over 30 chart analysis tools and 50 different indicators.
• Trade on Forex, Cryptocurrency CFDs, Metals, Indices and Oil.

To set email or mobile notifications, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 apps settings). Go to Tools and then Options., then You can add them

Mobile Platform

Making trades on the go could not be any easier with ATFX’s MT4 Mobile. You can download an application for either Android or Apple devices

Some benefits and advantages, such as :

After you download the MT4 mobile trading platform, you have to access the ATFXGM2-Live server.

ATFX has a great mobile trading platform, we really liked its design and user-friendliness. You will easily find all the features.

Search functions

The search functions are good. You can search by typing the name of the product or by navigating the category folders.

Alerts and notifications

You can set alerts and notification, it would be much easier if you could set these notifications on the mobile trading platform.

Which trading platform is better for you?

Most seasoned traders will tell you that all they really want from a trading platform is something that is reliable and easy to use, intuitive, and doesn’t crash. Each platform is unique and has its own pros and cons, so it is best to understand what you want in a forex account, and platform before you get started.

How to place a trade at ATFX

You can use the basic order types. You will not find very sophisticated orders like the one cancels the other order. The following order types are available:

• Market
• Limit
• Stop

There are also order time limits you can use:

• Good til canceled (GTC)
• Good til time (GTT)

Mobile

Deposits and Withdrawals

ATFX provides multiple options for deposit and withdrawal through bank transfer, credit/debit card, Neteller or Skrill. , free of charge for deposit, 5% of withdrawal amount (minimum 5 USDs) would be charged as a service fee if the withdrawal amount is lower than $100 or withdrawal without trading volume since last deposit.

At ATFX, you can choose from 3 base currencies: EUR, GBP, USD

Deposits

How long does a Deposit take?

What is the minimum deposit amount at ATFX?
The minimum initial deposit is $€£ 500

Note:

• They do not accept third party payments. The deposit must come from an account under the clients name. This can be via bank transfer, credit/debit card, Neteller or Skrill.
• * If you are using a non-UK debit/credit card there may be instances where a small fee is charged by your provider, which can be refunded to your trading account upon receipt of proof of charges

How do I deposit funds into my trading account?

Login “my ATFX”, click “deposit”. Online banking remittance has no charge.

Withdrawals

Does ATFX charge withdrawal fees?

How long does withdrawal take?

Commissions and Fees

ATFX charges low fees both for CFD and forex. There are also no inactivity fees.

Trading costs with ATFX vary depending on the market being traded and the account type opened. Some accounts offer commission-free trading and some offer commission-based trading. Spreads and swaps also vary depending on the market being traded and the type of account opened but more details can be found on the broker’s website, as shown below:

	Standard Account	Edge Account	Premium Account	Professional Account
Leverage	Up to 1:30	Up to 1:30	Up to 1:30	Up to 1:400
Spreads	From 1.0 pip	From 0.6 pip	Raw Spreads from 0.0 pips	From 0.6 pip
Commission			(25 USD per mio per side)
Lot Size	From 0.01	From 0.01	From 0.01	From 0.01

While ATFX does not provide spread and swap information for each individual asset across the different accounts, they only provide spread and leverage information for the Standard Account on their website, as the examples show below:

Forex


Indices


Metals


Cryptos

Shares

Bonuses and Promotions

There are two bonuses, you can get

• US$100 Welcome Credit
• Earn Cash Rebates To Trade for Standard Account

1/ US$100 Welcome Credit

Steps to Gain Your Credit

To Get The Welcome Credit, You Should

Note:

The $100 Welcome Credit Promotion is only valid in the Philippines and Indonesia.

2/ Earn Cash Rebates To Trade for Standard Account

Step to Earning Your Cash Rebates

What Instruments Should Clients Trade?

Note:

The above promotion is valid in Taiwan, the Philippines, Malaysia, Thailand, Vietnam, South Korea, Indonesia, Cambodia and Myanmar.

Trading Features

Autochartist

ATFX offers Autochartist to all clients with a live account for FREE

Autochartist is one of the most powerful technical analysis tools on the market. It allows traders to seize opportunities in real-time and make informed trading decisions.
It uses an advanced recognition programme that is fueled by an enormous data range. This allows it to identify chart patterns and key price levels across all major markets, including FX and CFD instruments

Some features offered by Autochartist

Advantage of Autochartist

Customer Support

Research Education

Research Material

ATFX provides a range of trader research tools including technical analysis and a wide range of asset classes, a quarterly market outlook report, market news and an impressive YouTube channel covering a daily Morning Brief. But, it doesnt offer fundamental data.

Trading ideas

ATFX provides trading ideas. The trading ideas are based on technical indicators.

You can find these trading ideas if you log into the Member Center, then click on Research Platform or Featured Ideas. The Featured Ideas covers only the major currency pairs and you cant find ideas for all ass

Charting

ATFX has OK charting tools. You can use 31 technical indicators and other technical tools, such as trendlines or Fibonacci retracement.

On the other hand, the design is outdated and some features are hard to use. For example, we had difficulty finding how we could remove an indicator from the chart.

News feed

The news feeds are fine The newsfeed is about the moves of technical indicators. On the flip side, more complex news for example about major economic events, are missing.

You can also use a great economic calendar. We liked that the calendar has a filter function where you can filter for countries, data type, and importance.

Education material

ATFX provides an impressive range of videos on demand covering a wide range of educational topics such as Introduction courses, MetaTrader tutorials, Social Trading videos and in-depth courses on Trading Tools, Commodities and Futures and much, much more.

When your account is approved, the confirmation email includes a platform tutorial video. It helps a lot to get familiar with the MT4 platform quickly and makes your journey into trading as easy as possible.

Most educational tools can be found if you click on Education on the website.

Webinars

You can also sign up for different types of webinar sessions. There are usually three occasions per week scheduled. It was a bit confusing that the language of these webinars was German or Italian, and not English.



Seminar

The broker also provides live webinars, as well as Forex trading seminars and workshops.

Forex Education Centre

We strongly recommend you to visit Forex Education Centre. You can pick high-quality videos, in-depth courses and ebooks; the length and complexity will depend only on your appetite.

Conclusion

ATFX is a trusted online forex broker with regulations from multiple global entities, including the top-tier FCA.

The account opening is easy and multiple options are offered for deposit and withdrawal, which are free of charge. ATFX has low CFD and forex fees, Competitive Spreads on Edge and Premium accounts,No commission on Standard, Edge accounts.

Beside that they offer Free VPS, 1-on-1 Skype sessions with Chief Market Analyst for Edge and Premium accounts, you can access tons of trading tools and educational materials, and the chance to trade wherever and whenever you want.

ATFX has some drawbacks though. The product range is limited to FX, CFDs, and cryptos. The sales team is pushy and fundamental data research is missing.

But overall, ATFX is deserve to have a chance to try.

Yet, we would be glad to know your personal opinion about ATFX, you may share your experience in the comment area below, or ask us for some additional information if required.