Furthermore, if something happens to ATFX and it becomes insolvent, your funds are safe. Since they are segregated, they cannot be used to reimburse creditors. The research displayed in Trading Central utilizes chartist analysis to determine targets and price direction. It also includes mathematical models to determine timing relevance and confirm directions. Trading Central additionally uses Japanese candlesticks and related signals to verify acceleration or reversal markets. MT4 Desktop additionally offers cutting-edge charting tools.
- This is combined with effective protection measures and strict supervision.
- For the exotics, the minimum spread starts from 10 pips for the EUR/HUF pair and goes up to 128 for USD/RUB.
- Besides, they save a lot of time in research or complement other trader research strategies.
- Thankfully, the minimum deposits with ATFX is a bit better than the industry average.
- As you all might know, the regulation is one of the most important checkpoints that one must look for while searching for a brokerage firm.
- ATFX has a competitive selection of forex pairs, but its CFD product offering is smallerthan that of its closest competitors, and unfortunately, you can’t trade ETFs or bonds.
Online trading scams are especially popular since the Covid-19 pandemic started. In most cases, people think that they have read or heard enough and that they can’t be victims. Ever since the Internet started, scammers are improving their scams. Many of you might consider opening an account with this broker. Read our in-depth ATFX review and find out everything.
Is ATFX regulated?
ATFX is a trade mark of AT Global Markets INTL LTD a company registered in Mauritius under FSC and all services in the Hashemite Kingdom of Jordan is offered through its Introducing Broker. We offer a variety of payment and withdrawal methods for your convenience. They have efficient and automated processes and are strictly audited to ensure your funds safety. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Trade more than 6,000 markets without commissions and professional platforms.
Every closed deal from your referral leads to a commission. Commission payments are instant without hidden charges or fees. You will not find e-books or the vast range of resources that many other brokers offer. There are, however, atfx trading platform more webinars available from ATFX than many competitors offer. The webinars are free to ATFX clients but do require registration. ATFX does not take any responsibility for the completeness or accuracy of the reports.
You can use the same methods for withdrawal as for deposits. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. Switch to a real account and deposit the minimum funds necessary to start trading. It offers very professional and helpful customer service. Trading is very simple, https://forexarena.net/ you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom. To trade with an asset, all you have to do is select one from the asset list and decide whether you want to sell it or buy it depending on what your strategy is.
Always verify that your broker, is licensed by your local financial regulator. You can read all our reviews of more than 500 online brokers, or you can just try a couple of the popular brokers. ATFX cares, provides generousity in offering free learnings to newbie in the industry.
On the flip side, the platformfeels outdatedand some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. For the Standard account, but higher for other account types. The costs for both stock index CFDs and stock CFDs are built into the spreads. At the moment, we recommend trading with reliable broker like ATFX, fully regulated and with an innovative approach.
Go to our dedicated section to see support for firms and our latest policy updates. Check out the current account balance requirements at ATFX in our What is the minimum account balance at ATFX article. Is ATFX legit features all the key aspects you need to look at to see if a broker is safe and legit. The company doesn’t disclose financial information and isn’t listed on any exchanges.
Other factors ensuring that ATFX is not a scam
They include a number of older reports so you can view historic information. As with the market reports, the Fundamental Commentary is from a third-party and ATFX does not take responsibility for accuracy. To help traders make educated decisions, ATFX has a daily market report. This includes the latest overviews for sentiments and technical elements. The report has sentiment figures related to both small and large players.
In the case of profits on trades from deposits made with a card, the extra funds will go to a bank account. You must also fully verify your ATFX account before you can withdraw funds. The goal of MiFID was to harmonize financial market governance in the EEA. It also aims to improve financial transparency, efficiency, competition, and consumer protection.
On the flip side, more complex news items, such as those covering major economic events, are missing. Technical indicators and other technical tools, such as trendlines or Fibonacci retracement. ATFX has a competitive selection of forex pairs, but its CFD product offering is smallerthan that of its closest competitors, and unfortunately, you can’t trade ETFs or bonds. You can easily view your profit/loss balance and the commissions you have paid. The platform’s search functions are OK.You can find assets grouped into categories. At the same time, we missed the usual search function where you can type in an asset’s name manually.
Mobile trading platform
There usually are 5-10 webinars scheduled within a period of two weeks and the available languages vary. There currently are webinars available in English, Spanish and German. You will then get an email to remind you to attend the webinar at the indicated time. ATFX does not provide a great deal of information when it comes to special features or services. There are some basic features that can be considered to be fairly positive. All in all, ATFX Forex broker is quite an underwhelming experience, but it’s not necessarily a scam or a fraudulent company.
BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. 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.
Bear in mind ATFX does not accept third-party payments, which could mean that your deposits must and must only come from your accounts. When making deposits, there are three options available on ATFX, and these are debit and credit cards, bank transfers, and e-wallets. Mobile Trading for any deviceSome extra features that come with the iPhone MT4 application include EAs and personalized indicators. This also applies to the Android application as all mobile versions have been built to include complete functionality and full performance of the tools of several functions. Some of which are advanced chartings like rapid analysis and customization. There is also flexibility when it comes to making adjustments to your strategy and full support for assets, hence enabling a possibility of diversification.
If you do not come from any of these countries, we recommend contacting customer support to find out whether ATFX provides services in your country before signing up on it. There is not much information provided on the supported countries. However, the broker is regulated in the European Union and MiFID, meaning ATFX can provide its service in most of the countries in the globe. 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.
Because of different account types, traders can gain advantages and pay less trading fees. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.12% of retail investor accounts lose money when trading CFDs/Spread betting with this provider. You should consider whether you understand how CFDs/Spread betting work and whether you can afford to take the high risk of losing your money.
Trading Central also includes advanced features such as adaptive candlesticks that recognize candlestick patterns in real-time continuation and reversal. It also has Adaptive Divergence Convergence based off the MACD indicator. This tool allows for the visualization of buy and sell signals right off the charts. ATFX offers a list of default leverages for clients in its Trading FAQ section.
Refunds to debit and credit cards typically finish processing in 2 to 5 days. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. The commercialisation of services and the acquisition of clients can only be carried out in Spain by an authorised entity or through a tied agent. The MetaTrader 4 platform, the web trader and both the mobile and tablet apps give you the flexibility to trade wherever in the world you are and at any time.
The existence of this platform alone, coupled with the limited number of assets, may be a threat to other trading platforms. ATFX offers four account types, which differ in the required minimum deposit, pricing, leverage, and the availability of additional services. The broker requires a minimum of $200 as an initial deposit for you to be allowed to access the trading space and start trading forex, CFDs and so on..
All its functions are performed through MetaTrader 4, which supports all devices, both mobile and desktop. The multiple ranges of deposit and withdrawal options allow this particular broker to be used by a variety of clients, and you can always be certain of 24/5 customer service. It is a huge advantage that there are only trading fees for the clients.ATFX does not charge any fees for the account opening, inactivity, or services like deposit and withdrawal. TheForex Brokeronly earns money through spreads and commissions. The more you trade the broker can give you better spreads. As mentioned before the company is specialized in forex trading.