- What is ATFX?
- ATFX Pros and Cons
- Is ATFX Safe or a Scam?
- Deposits and Withdrawals
- Trading Platform
- Customer Support
Our Review Method
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about ATFX.
What is ATFX?
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.
ATFX Pros and Cons
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.
|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
ATFX Review Summary in 10 Points
|FCA, CySEC, FSC, FSA
|Forex, CFDs, shares, metals, oils, indices, cryptos
|💰 EUR/USD Spread
|🎮 Demo Account
|💳 Minimum Deposit
|💰 Base Currencies
|EUR, USD, GBP
|☎ Customer Support
Overall ATFX Ranking
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.
- ATFX Overall Ranking is 8.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
ATFX Alternative Brokers
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.
- Accuindex – Competitive Trading Conditions
- HKEX – Professional Trading
- CAPEX – Wide Range of Trading Instruments
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.
Is ATFX Safe or Scam?
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.
Is ATFX Legit?
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:
- Our Ranked ATFX Trust Score is 8.9 out of 10 for the good reputation and services provided. However, the only point is the availability of international trading via offshore entities.
|ATFX Strong Points
|ATFX Weak Points
|Regulatory standards and protection vary based on the entity
|Negative balance protection
How Are You Protected?
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:
- UK traders are eligible to use low leverage up to 1:30 for major currency pairs.
- European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
- For international traders, the maximum leverage is 1:400.
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.
|Fast account opening
|Demo and Islamic accounts available
|Account base currencies EUR, USD, GBP
|Hedging and Scalping
How to Open ATFX Live Account?
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:
- Select and Click on the “Open Account” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by upload of documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
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.
- ATFX Markets Range Score is 8.5 out of 10 for wide trading instrument selection. On the other hand, many popular asset classes, such as futures, bonds, and options are not available to trade.
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.
- ATFX Fees are ranked low or average with an overall rating of 8.5 out of 10 based on our testing and compared to over 500 other brokers.
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.
- ATFX Spreads are ranked average with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found the broker’s average spread higher than the industry average.
|EUR USD Spread
|Crude Oil WTI Spread
|BTC USD Spread
Deposits and Withdrawals
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.
- ATFX Funding Methods we ranked good with an overall rating of 8.9 out of 10. Fees are low, and also you can benefit from various account-based currencies.
Here are some good and negative points for ATFX funding methods found:
|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
ATFX Minimum Deposit
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
|Most Other Brokers
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.
How Withdraw Money from ATFX Step by Step:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with necessary requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
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.
- ATFX Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good since it offers the popular MT4 professional trading platform.
Trading Platform Comparison to Other Brokers:
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.
- Customer Support in ATFX is ranked good with an overall rating of 8.2 out of 10 based on our testing. We got fast and knowledgeable responses, and also easy to reach during the working days.
See our find and ranking on Customer Service Quality:
|Availability of live chat, phone lines, and email
|No 24/7 customer support
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.
- ATFX Education ranked with an overall rating of 8.5 out of 10 based on our research. The broker offers extensive educational and research resources that are beneficial for novice traders.
ATFX Review Conclusion
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:
- Traders from the UK
- Traders from Europe
- International traders
- Traders who prefer the MT4 trading platform
- CFD and currency trading
- Professional traders
- Muslim traders
- Institutional trading
- Scalping/Hedging strategies
- NDD/OTC execution
- Competitive fees
- Supportive customer support
- Good educational and research materials
- EA/Auto trading