Leverage: 1:30 | 1:400
Regulation: FCA, CySEC, FSC, FSA
Min. Deposit: $100
HQ: UK
Platforms: MT4
Found in: 2017
From our findings and analysis, ATFX is a brokerage firm that provides a variety of financial markets for trading, including Forex, CFDs, shares, metals, oils, indices, and cryptocurrencies. It is worth noting that the brand name ATFX is used by multiple entities operating across different regions worldwide. These entities have established their presence in several parts of the world, such as Europe, Africa, Asia, and the Middle East.
The company is subject to regulation and authorization by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. Additionally, ATFX holds international licenses in Mauritius by FSC and in Seychelles by FSA.
After conducting our research, we have found that ATFX is a reliable brokerage firm that offers secure trading conditions, advanced technology, and a diverse range of trading instruments at competitive prices. Also, you can access the MT4 platform from your desktops, web browsers, and mobile devices. The broker provides a variety of educational resources, market news, insights, and analysis as well.
For the cons, the trading conditions may differ based on the entity, and there is no 24/7 customer support.
| Advantages | Disadvantages |
|---|---|
| Regulated broker with competitive trading conditions | Conditions might vary based on the entity |
| FCA and CySEC licenses and overseeing | No 24/7 customer service |
| MT4 trading platform | |
| Advanced technology | |
| IB program | |
| Low fees | |
| Institutional trading |
| 🏢 Headquarters | UK |
| 🗺️ Regulation | FCA, CySEC, FSC, FSA |
| 🖥 Platforms | MT4 |
| 📉 Instruments | Forex, CFDs, shares, metals, oils, indices, cryptos |
| 💰 EUR/USD Spread | 1.8 pips |
| 🎮 Demo Account | Available |
| 💳 Minimum Deposit | $100 |
| 💰 Base Currencies | EUR, USD, GBP |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
As a regulated broker based in the United Kingdom, we have found that the firm offers competitive trading conditions suitable for traders at all levels. Additionally, it provides a variety of trading services with low pricing and transparency, making it an attractive option for traders.
| Ranking | ATFX | Accuindex | HKEX |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Advantages | Trading Conditions | Trading Platforms | Spreads |
Although ATFX provides comprehensive trading services at competitive prices, there are other brokerage firms in the market offering similar solutions. We have prepared a list of the top options that traders can consider as alternatives to ATFX.
The broker has won several awards for providing good service and prioritizing customer satisfaction. The screenshot below displays some of the awards that ATFX has received.
No, ATFX is not a scam. It is a trustworthy brokerage firm regulated by two reputable authorities, the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). These authorities enforce strict rules and guidelines to ensure that ATFX operates according to high standards.
Yes, ATFX is a legit and regulated broker.
The broker prioritizes compliance with regulatory requirements and is subject to close monitoring, which ultimately increases traders’ safety and confidence in the company.
See our conclusion on ATFX Reliability:
| ATFX Strong Points | ATFX Weak Points |
|---|---|
| Funds protection | Regulatory standards and protection vary based on the entity |
| Regulatory oversight | |
| Segregated accounts | |
| Compensation Scheme | |
| Negative balance protection |
The company guarantees the security of clients’ funds by segregating them from its accounts and refraining from using them for operational purposes. Moreover, based on our research the broker offers negative balance protection, which safeguards traders’ accounts from going into negative balance during times of market volatility or unexpected events.
Leverage can increase profits in trading, but it can also lead to losses if not used properly. Therefore, it is crucial to understand how to use it correctly before trading.
ATFX leverage is offered according to the FCA, CySEC, FSC, and FSA regulations:
From our finds, we got that the broker provides four trading accounts to traders, namely Micro, Classic, Premium, and Raw accounts, each with its own set of features and advantages that suit different trader levels. It also permits clients to trade with various currencies, including EUR, USD, and GBP. Furthermore, ATFX offers Swap-Free accounts, also known as Islamic accounts, for Muslim traders.
Moreover, novice traders can take advantage of the Demo account for free, enabling them to practice trading through simulated trades.
| Pros | Cons |
|---|---|
| Fast account opening | None |
| Demo and Islamic accounts available | |
| Account base currencies EUR, USD, GBP | |
| Hedging and Scalping |
Opening an account with the broker is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:
Through our analysis, the offered trading instruments include Forex, CFDs, shares, metals, oils, indices, and cryptocurrencies. Additionally, international traders can also enjoy maximum leverage of 1:400, which can help them increase their profits while still maintaining effective risk management strategies.
Reviewing the broker’s fee structure we discovered that it offers competitive pricing models based on spreads and account types with no commissions or hidden fees. Deposits are also free, and withdrawals are free for amounts over €/$/£100.
However, there are overnight fees charged for positions held for more than one day.
| Fees | ATFX Fees | Accuindex Fees | HKEX Fees |
|---|---|---|---|
| Deposit fee | No | No | Yes |
| Withdrawal fee | Yes | Yes | Yes |
| Inactivity fee | No | No | No |
| Fee ranking | Low | Low/Average | Average/High |
From our investigation, it appears that the broker has variable and tight spreads on its different trading accounts, with a starting spread of 0.6 pips on the Edge account and 0.0 pips on the Premium account. The average EUR/USD spread for Forex on the Classic account is 1.8 pips. In addition to competitive spreads for CFDs, ATFX ensures fast order execution, which results in effective and affordable trading solutions for traders.
| Asset/ Pair | ATFX Spread | Accuindex Spread | CAPEX Spread |
|---|---|---|---|
| EUR USD Spread | 1.8 pips | 1.5 pips | 1 pip |
| Crude Oil WTI Spread | 3 | 3 | 0.06 |
| Gold Spread | 1 | 2.6 | 0.55 |
| BTC USD Spread | 180 USD | - | 81.45 |
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.
Here are some good and negative points for ATFX funding methods found:
| ATFX Advantage | ATFX Disadvantage |
|---|---|
| No fees for deposits | Methods and fees might vary in each entity |
| Fast digital deposits | Some withdrawals fees might be charged |
| Multiple account base currencies | |
| $50 is the minimum deposit amount |
To open a live trading account with the broker, clients need to deposit at least $100 for the Micro account. The required initial deposit amount for other account types varies.
ATFX minimum deposit vs other brokers
| ATFX | Most Other Brokers | |
| Minimum Deposit | $100 | $500 |
Clients of ATFX can withdraw their funds easily and quickly. The processing time for withdrawals may vary depending on the withdrawal method used but usually takes 3 to 5 business days.
The trading platform provided by the broker is the widely used MetaTrader 4, as we got, available in desktop, web, and mobile versions. MT4 is a well-known platform in the trading industry, known for its advanced features, user-friendly interface, and efficient trading tools.
The MT4 trading platform offers traders advanced charting, technical analysis, trading signals, market news, alerts, and VPS. Additionally, traders can use EAs to automate their trades, which can assist in identifying market movements and improving market entry and stop-loss strategies.
| Platforms | ATFX Platforms | Accuindex Platforms | CAPEX Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | No |
| MT5 | No | Yes | Yes |
| cTrader | No | No | No |
| Own Platform | No | No | Yes |
| Mobile Apps | Yes | Yes | Yes |
You can take advantage of 24/5 customer support through Live Chat, Phone lines, and Email at ATFX. Also, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Availability of live chat, phone lines, and email | No 24/7 customer support |
| Quick responses | |
| Relevant answers |
Traders can access market analysis and news that cover Forex forecasts, trading strategies, financial events, and an economic calendar. Additionally, the broker offers trading seminars, webinars, and technical analyses that can help you make informed decisions.
In conclusion, ATFX is a well-regulated and trustworthy broker that offers a range of trading instruments and trading accounts suitable for traders of all levels. The broker provides competitive pricing structures, fast order execution, and a variety of funding methods, making it a convenient and efficient choice for traders globally.
Customer support is also good, along with market analysis, educational resources, and research materials, which are crucial for beginners and experienced traders alike.
In general, the broker has received positive feedback from traders regarding their trading conditions and offerings. However, we recommend that you do your research and evaluate whether the broker’s services and offerings suit your individual trading requirements.
Based on Our findings and Financial Expert Opinions ATFX is Good for:
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