Sadly I was not able to register for a trading account when atfx was still accepting retail traders for trading account registration. I hope Atfx will reconsider and allow retail traders to register again. ATFX does offer a demo account that allows traders to get a feel for the platform and what’s on offer. The paper trading account is also useful for professionals who want to test new strategies.

ATFX Review 2024: Pros & Cons – Is it a Scam?

Trading Central is known for its top-tier technical analysis resources. ATFX clients get access to Trading Central features, helping with the full array of investment strategies. Trading Central is well-respected worldwide, conducting research for over 200 investment banks, professional dealers, brokers, and fund managers.

Broker Types

For each product, you can view the name, minimum spread, contract size, and minimum and maximum lot size. Keep in mind that there are specific product specifications for each account type. Those include Retail – Standard Clients, Standard – Edge Account, and Professional Clients.

Customer Reviews

The firm is the subsidiary of ATFX Global Markets (CY) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). When it comes to account types, we were, unfortunately, unable to find if there is any variety. The website does not mention any other account type besides the one you can immediately register for with the minimum $100 deposit. When it comes to spreads though, as already mentioned, they’re floating so it’s hard to pinpoint the most accurate version. But we can say that the major currency pairs have a pretty stable 0.1 pips spread which is the best option to get. Before we even touch the trading conditions, we need to focus on the website itself and determine if it’s user-friendly and allows beginners to get around easily.

ATFX UK uses “leading data encryption technology” to create a safe and reliable trading environment for its clients. All data management is carried out following the UK regulation. All customer service details are country-specific and can be found on the broker’s website. ATFX received an ADVFN award for Best Customer Service in 2019.

However, we recommend that you do your research and evaluate whether the broker’s services and offerings suit your individual trading requirements. The trading platform provided by the broker is the widely used MetaTrader 4, as we got, available in desktop, web, and mobile atfx trading platform versions. MT4 is a well-known platform in the trading industry, known for its advanced features, user-friendly interface, and efficient trading tools. It is worth noting that the brand name ATFX is used by multiple entities operating across different regions worldwide.

• ATFX was also the Best Branded Broker 2017 from Shenzhen Huiyu Financial.
• MT4 Desktop allows for diversification thanks to full support for a range of assets.
• So, when it comes to the safety of your funds, you can be assured that you are completely secure.
• When it comes to spreads though, as already mentioned, they’re floating so it’s hard to pinpoint the most accurate version.
• In the case of ATFX, chances are, you wouldn’t find many legitimate reviews.

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.

This account allows trading on all instruments with higher leverage. You must qualify as an elective professional, and evidence will be required when applying. The professional account does not, however, offer negative balance protection, as the retail accounts do. There are various payment methods for broker’s clients to deposit funds into their trading accounts, including Bank Wire, Credit/Debit cards, Skrill, and Neteller. However, it is important to note that some payment methods may have specific requirements or restrictions depending on the client’s bank or other financial institutions.

Unfortunately, ATFX does not prove users with a simpler, beginner’s option. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Mr. Alejandro Zambrano who has over 12 years of experience as a professional trader and has been recognized by CNBC, Reuters, and Bloomberg. His specialism lies in both technical and fundamental analysis, and the strategies he teaches aim to enable clients to navigate the financial markets while minimizing risk.

The ATFX withdrawal methods are the same as their deposit methods. Usually, you will be asked to withdraw the same way you deposited. ATFX also requires you provide identification documents before you make your request to withdraw, like most regulated brokers. This is no surprise, as most brokers require $200 – $250 minimum deposits. If you are looking for a cheaper option, you can try IQ Option, where you can start trading with only $10. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us.

This scheme is only available for clients trading with organizations authorized by FCA. It comes into effect in a special case when the company is unable to https://forexarena.net/ satisfy its repayment claims. What happens, in this case, is that the FSCS awards each client a compensation fee of about £85,000 for eligible investments.

The average daily turnover of the forex trading market is up to 5 trillion USD, several times more than any stock market in the world. The high volatility makes FX one of the most exciting markets for traders. Some 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.

Another prominent way scammers like ATFX enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews. TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.