ATFX offers the MT4 mobile app available on the App Store and Google Play. You can download the MT4 app on your phone, and through it, you will be able to access your ATFX account. You can login the first time you’re your name and email address.
Depositing funds to an ATFX account
Moreover, ATFX does not charge a withdrawal fee for amounts over USD 100 to debit/credit cards and electronic payment systems. The broker does not charge a withdrawal fee on withdrawals from USD 100 and more to debit/credit cards and electronic payment systems. However, if the customer withdraws a lower amount, the broker’s fee is USD 5. It’s important to note that payment systems may charge additional withdrawal fees, which can vary depending on the location and currency.
ATFX Cost and Fees, Commissions, and Spreads
ATFX offers three types of accounts, namely the Edge Account, the Professional Account, and a free demo account. The broker forms part of the AT Group network of global branches to provide its services to both retail and institutional traders. If you wish to find out more about what ATFX is, what they offer, their fees, trading platform, regulation and so on, we recommend reading this review. If your balance is unfavorable, ATFX suggests you contact customer services.
Orders Types
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. When i traded EBAY stock, the broker intentionally raised my trading fee from 6$ to 260$ causing me to lose. Because of this, potential clients must be very careful when considering ATFX as a valuable broker alternative. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.
If you are using a PC or laptop, you can download the platform directly on your device. MT4 is a powerful trading software and cannot be accessed simply through your web browser like other platforms. If you are based in the UK, the spread betting option might be attractive to you as this method of trading is capital gains tax-free.
✅ Professional Account
As they started in 2014, they have won relatively few awards to date despite receiving typically favourable reviews. Most notably, the company’s website currently highlights that it won the Best Forex CFD Broker award at the U.K. The straightforward yet sophisticated MT4 platform has a desktop, mobile and web-based application. The company also lets you trade CFDs using a third party or your automated trading software via MT4. The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots.
ATFX was also honored with Best Forex Customer Services 2017 at the Entrepreneur JFEX Awards and 13th Jordan Forex Expo. It was named the Top Forex Broker 2017 by Third Session of Chinese Foreign Exchange Brokers Annual Conference HT Financial. ATFX was also the Best Branded Broker 2017 from Shenzhen Huiyu Financial. It was also the Best Forex Broker 2017 at Tapei International FinanceWord Forum FinanceWord. This is a daily market report and you can download it right from the ATFX website. Past market reports are also available on the same page, including those from the last few months.
- The company’s terms on spreads also make them one of the most competitive platforms available for professional investors.
- This ATFX review breaks down each of the applicable non-trading charges for you in detail.
- It also has Adaptive Divergence Convergence based off the MACD indicator.
- There are some basic features that can be considered to be fairly positive.
- It has to be noted that traders are required to keep at least $5,000 in their Edge accounts, to maintain their status.
- For example, the FTSE can be traded when the London Stock Exchange is open.
ATFX has a demo account feature that serves as a platform for novice traders to hone their trading skills until they’re satisfied with their trading strategy. This ensures that they do not gamble away their funds but take positions based on a good understanding of both fundamental and technical aspects of the market. However, customer support is an area where ATFX could improve. By taking into account these five criteria when https://forexarena.net/ assessing a forex broker, traders can make a well-informed decision on which broker to select based on their specific trading needs and preferences. Traders should also seek out brokers who offer a free demo account, as this will allow them to conduct a test run of the broker’s features before deciding to sign up for a live trading account. ATFX is considered a low-risk and can be summarised as a trustworthy forex broker.
They span categories such as general, CFDs, and spread betting. This is where to go for details on terms and conditions related to specific atfx review services and products. In addition to the regulation, ATFX complies with MiFID, the Directive on Markets in Financial Instruments.
Therefore, ATFX can be considered a legitimate Forex broker that operates in accordance with industry standards and regulations. In terms of trading platforms, while AvaTrade offers both its own platform and the popular MetaTrader platform, ATFX only offers the MetaTrader 4 platform to its customers. Finally, it is important to note that ATFX does not charge any deposit fees for most of its deposit methods. However, it’s important to note that some payment systems may charge their own fees for deposits, which can vary depending on the location and currency. For example, if a client chooses to deposit funds via Neteller, they may be subject up to a 4.4% deposit fee. It’s worth noting that ATFX operates on a variable spread model, which means that spreads may vary depending on market conditions.
The European Parliament and Council adopted this on Nov. 1, 2007. MiFID regulates financial instrument markets for providing investment services as well as activities, specifically in the European Economic Area. This EEA includes all 27 member states of the EU in addition to Norway, Liechtenstein, and Iceland. The regulation and authorization from the FCA are for ATFX to be a CFD and FX broker. As part of its FCA regulation and authorization, ATFX follows the agency’s strict regulatory requirements. These include the fair treatment of clients and the protection of client money.
ATFX uses some of the newest technologies to get the best rates from its liquidity providers, removing the conflict of interest between the trader and a forex broker. Within the fast-paced world of stock markets and online trading, you’ll need guidance to make sensible decisions. A professionally lead investment online trading platform could aid you in minimising any losses and maximising any returns. It is crucial to learn about any broker before you trust them with your money. There is a very high degree of risk involved in trading securities.
We tested communicating with ATFX support in a variety of languages across multiple countries. We tested the livechat experience with ATFX, and it was very effective. We have sent messages through the ATFX livechat via their website and app and recieved a response in less than 20 seconds. This ATFX review breaks down each of the applicable non-trading charges for you in detail. Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price.
ATFX is also regulated in the Middle East and North America, and falls under the regulation of CySEC in Cyprus, making it an EU-compliant broker. As the broker is headquartered in the UK, it falls under the regulation of the Financial Conduct Authority (FCA), one of the most reputable regulatory bodies in the industry. However, clients should keep in mind that these promotions are not typically available to all jurisdictions.