ATFX review and tutorials

ATFX broker review

Detailed ATFX Review 2020: Forex, CFD'S and Crypto Regulated Broker

ATFX is an award-winning, FCA regulated broker that offers FX and CFDs with competitive spreads. The broker is client-oriented and offers great customer support.

ATFX broker review

ATFX trading information

Bonus
N/A
Instruments
CFD, Forex, Crypto, Spreadbetting
Demo Account
Yes
Min. Deposit
100 $/€/£
Min. Trade
0.01 Lots
Regulated By
FCA
MT4 Integration
Yes
Mobile Apps
iOS, Android + Browser based platform
Auto Trading
No
Trade Signals
No
Islamic Account
Yes
ATFX broker review

Forex

GBPUSD Spread
1.0 var
EURUSD Spread
1.0 var
EURGBP Spread
1.1 var
Assets
50+

CFD

FTSE Spread
1 pt
GBPUSD Spread
1.0 pips
Oil Spread
3 pips (Variable)
Stocks Spread
From 0.08% (Variable)

Cryptocurrency

Spread
BTC 0.5%, ETH 1%
Coins
BTC, ETH, LTC, XRP

Official ATFX Registration

ATFX Forex Broker Review 2020
ATFX Review: brokers website

New ATFX broker review – updated July 1st, 2020.

ATFX is an award-winning online broker that offers forex trading, CFDs, and spread betting. ATFX is regulated by the Financial Conduct Authority (FCA), which means the broker must adhere to strict regulations such as client fund protection. The broker’s headquarters are based in London.

Due to the regulatory requirements enforced by the FCA, ATFX keeps retail client funds in segregated accounts. This means that client funds are kept separate from company funds and cannot be used for reimbursement by ATFX creditors, should the company be unable to repay their debts.

ATFX has received multiple awards over the years, including Best Forex Customer Service 2019, awarded by World Finance, Best Forex CFD Broker 2018 at the UK Forex Awards, and Fastest Growing Forex Broker, Europe at the global Forex Awards in 2017.

ATFX UK now has approximately 1,200 customers and accounts for roughly £7.5m of customer funds.

Trading Platforms

ATFX used the trading platform MetaTrader 4. MT4 is highly customizable and multilingual; it offers a clear fee report.

MT4 offers over 50 technical indicators and 30 charting tools. The platform offers automated trading using EAs (Expert Advisors) as well as 9 different timeframes.

MT4 is also available via WebTrader, which has its own advantages, such as one-click trading, real-time customizable charts, and of course browser-based trading which means you do not need to download any software. MT4 is also available on mobile for both iOS and Android devices.

Trading Central

Trading Central is a top-tier market analysis resource that offers a customizable view of financial markets as well as trading signals and market research. Trading Central offers technical strategies and data for Forex, previous, commodities, and indices. It collects information from sources like Reuters, Bloomberg, and Dow Jones.

Without Trading Central, traders would need to spend hours to go through market data and build their own forecasts. Trading Central helped revolutionize trading research since if offers accurate and unbiased information to traders.

Trading Central is a member of Independent Research Providers associations, including Investorside Research, Euro IRP, and Asia IRP.

Trading Markets And Assets

ATFX offers over 40 currency pairs for trading, including majors, minors, and exotics. The broker offers competitive spreads that start at just 0.6 pips and there is no commission. You can trade currencies on a 24/5 basis.

ATFX offers two commodities for trading: Gold and Crude Oil. Spreads start from 2 pips for commodities and the minimum deposit is 100 GBP. The maximum leverage for retail clients is 30:1.

ATFX offers various indices for trading such as the SPX500, UK100, NAS100, and others. Spreads start from 0.9 pips for commodities and there is zero commission.

ATFX offers four cryptocurrencies for trading: Bitcoin, Ethereum, Litecoin, and Ripple (XRP). Spreads start from 5 pips for Litecoin and the margin rate is 50%. Cryptocurrencies can be traded on a 24/7 basis.

ATFX UK has a “no dealing desk” policy, which means there is no broker intervention. Instead, the broker offers enhanced transparency of their trading conditions and requirements.

Spreads, Leverage And Commission

We found ATFX to be very transparent with their spreads, and they offer quite tight spreads too. For example, if you use the Standard Retail account, the minimum spread will be 1.0 pips for major currencies pairs like EUR/USD and GBP/USD. Other pairs include USD/JPY, AUD/USD, USD/CAD, etc. Leverage on majors is up to 1:30 depending on the pair.

With the Edge account, the minimum spread will be 0.6 pips for major currencies pairs like EUR/USD and GBP/USD. Leverage on majors is up to 1:30 depending on the pair.

With a Premium Retail account, the minimum spread will be 0.1 pips for major currencies pairs like EUR/USD, GBP/USD, USD/JPY, and AUD/USD. Leverage on majors is up to 1:30 depending on the pair.

On minors, spreads start at 1.3 with the Standard Retail account, and with maximum leverage at 1:30. With the Edge account, spreads start at 10.0 and maximum leverage is 1:30. With the Premium account, spreads start at 0.9 and maximum leverage is 1:30.

On exotics, spreads start at 6.0 with the Standard Retail account, and with maximum leverage at 1:20. With the Edge account, spreads start at 0.6 and maximum leverage is 1:20. With the Premium account, spreads start at 1:0 and maximum leverage is 1:20.

On spot metals like gold and silver, spreads start at 2.0 with the Standard Retail account, and with maximum leverage at 1:20. With the Edge account, spreads start at 1.4 and maximum leverage is 1:20. With the Premium account, spreads start at 0.6 and maximum leverage is 1:20.

On energies, like WTI crude oil, BRENT crude oil, and natural gas, spreads start at 3.0 with the Standard Retail account, and with maximum leverage at 1:10. With the Edge account, spreads start at 2.0 and maximum leverage is 1:10. With the Premium account, spreads start at 1.0 and maximum leverage is 1:10.

On indices, like the UK100, EU50, and JP225, spreads start at 0.5 with the Standard Retail account, and with maximum leverage at 1:20. With the Edge account, spreads start at 0.4 and maximum leverage is 1:20. With the Premium account, spreads start at 0.2 and maximum leverage is 1:20.

On cryptocurrencies like Bitcoin, Ethereum and Litecoin spreads start at 0.050 with the Standard Retail account, and with maximum leverage at 1:2. With the Edge account, spreads start at 0.0.05, and maximum leverage is 1:2. Cryptocurrencies are not available for trading with the premium account.

AFTX also offers spread betting, which is when traders speculate the direction of the financial market but do not actually own securities. Instead they make bets on the price movements of financial instruments.

AFTX does not charge commission.

Mobile Apps

ATFX offers mobile trading platforms which are variations of MetaTrader 4. Users can download the app either for Apple or Android smart devices, and enjoy on-the-go trading.

The MT4 mobile app offers traders a complete set of trading tools as well as all the features and functionalities needed to execute great trading decisions on the go. It offers customizable indicators, real-time customisable charts, various time frames and automated trading with the help of EAs. Users can follow markets and execute orders as if they were in front of their PC.

Fees

ATFX doesn’t charge fees when users can deposit money; funds can be deposited with debit/credit cards, E-wallets, or bank transfer. Payments made via bank transfer take up to a working day to process, while the rest of the deposit procedures are processed in the span of half an hour.

Traders with non-UK credit or debit cards could be charged a fee by their bank, even though that may be reimbursed through the client’s trading account.

AFTX does not charge for withdrawals, and funds can be transferred to debit/credit cards, E-wallets, or straight to an individual’s bank accounts. Withdrawals that are executed on a business day before 2 pm (GMT) are processed the same day, otherwise, they will be processed the next day.

In order to withdraw funds, clients must verify their bank details and use the same payment method that they used to make the deposit.

Demo Account

ATFX offers potential clients to try out a demo account which enables them to try out the platform and trade with virtual money. The demo account is also quite helpful for less-experienced traders wishing to practice more before diving into the world of FX trading.

Promotions and deals

Due to FCA’s ban on deals, promotions, and bonuses, ATFX does not offer them to clients.

Trader’s Education

The broker’s Global Chief Market Strategist, Alejandro Zambrano, hosts daily webinars that discuss current financial matters and trends that affect the markets. Mr. Zambrano has vast trading experience and with his help traders can develop their skills further. He teaches both fundamental and technical analysis as well as how to minimize risk when trading.

One-to-one Training

Clients can access one-on-one training sessions with Mr. Zambrano is they open and Edge account. This feature allows to discuss their goals and strategies with a seasoned professional. Traders will learn how to manage their leverage, select appropriate markets and trading hours for themselves, where to place stop loss, which indicators to use and how to manage risk.

The one-on-one session will be hosted via GoToMeeting where traders and tutor can share screens and talk directly in a private setting.

Forex Education Center

ATFX offers a forex education center on its site that includes in-depth eBooks and several trading courses. Courses cover topics such as ‘how to use MetaTrader 4’, introduction to forex trading, economics, cryptocurrencies, introduction to ECN execution, social trading, etc.

Premium account holders get several exclusive benefits, such as premium tutorials and videos, in addition to having complete access to Trading Central.

Traders may register for ATFX’s eBooks which will help them learn more about trading, how to enter financial markets, and manage risks.

Financial Events

As an additional “bonus,” traders have access to a daily overview of what financial events affect global markets. At the time of writing, ATFX had announcements on the COVID-19 pandemic, Brexit, US-China Trade war and more.

Licencing and Regulation

ATFX is regulated by the UK’s FCA, but also in North America and the Middle East. As a result of this international strategy, the broker offers services in Malaysia, the Philippines and Thailand. ATFX.holds customer funds in segregated accounts, which means they are separate from company funds.

Additionally, ATFX Global Markets (CY) Ltd, is based in Limassol, Cyprus. That branch of ATFX is regulated by CySEC, the Cyprus Securities and Exchanges Commission. CySEC regulation gives AFTX access to offer their services in the EEA, Switzerland, and the Middle East.

ATFX UK also complies with MiFID (the Directive on Markets in Financial Instruments) and its guidelines. MiFID governs financial institutions which provide investment services for the European Economic Area. The EEA comprises Liechtenstein, Norway, Iceland, and all 27 European Union member countries.

On the site, users may download and read all documentation detailing compliance and regulation, including that on CFDs and spread betting. The company’s terms and conditions can be found there too.

Account types

ATFX offers three account types: Standard, Edge, and Premium.

The Standard account requires traders to deposit at least £$€500 and the lowest spread available is as low as 1.0 pip.

The Edge account requires traders to deposit at least £$€5,000 and the lowest spread available is as low as 0.6 pips.

The Premium account requires traders to deposit at least £$€10,000 the lowest spread available is as low as 0.0 pips. Premium accounts do have greater leverage, provided that they qualify to trade like a professional trader. Proof of experience is necessary.


Advantages

  • 200+ financial instruments
  • Tight spreads
  • Free VPS (based on account type)
  • Raw spreads (based on account type)
  • Forex Education Centre
  • Multi-asset trading

Disadvantages

The most important drawback of utilizing ATFX UK is that there are not any bonuses provided.

Trading Hours

The website works 24/7 but markets are available for trading based on the assets that are being traded. So for instance, if the London Stock Exchange is open then the FTSE could be traded.

Contact Details/Customer Service

ATFX has great customer support that is multilingual service, and available via live chat, telephone, and email. Support is available Monday to Friday, 9 am until 5 pm.

Client Security

ATFX uses high-end encryption technology to ensure a secure and trustworthy trading environment for its clients. Data is managed in compliance with the FCA.

Customer funds are held in segregated accounts which are different from the broker’s accounts. Meaning that in case of bankruptcy, customer funds cannot be utilized to repay creditors. Additionally, AT Global Trade (UK) Limited is part of the FSCS which is a scheme that offers us to £85,000 per person as protection.

Final thoughts

ATFX offers their traders great trading conditions and a good, easy-to-use interface.

All trading takes place on a safe, user-friendly third-party platform, MT4 which is available on both desktop and mobile devices. Customer support is available 24/5.

Accepted Countries

ATFX accepts traders from Thailand, United Kingdom, South Africa, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other nations.

ATFX broker review

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ATFX broker review
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