TradeATF is a relatively new name in the Forex sphere. The company is founded under the laws of Cyprus. The broker focuses on state-of-the-art technology and seeks to give good conditions and information to international traders.
TradeATF is a brand name used by a well-known firm, Hoch Ltd, which also serves a few other trade names, including iTrader. The claims on technical approach are also backed by other experiences it has in the Forex and Trading industry.
Given the fact that TradeATF is quite a young broker, it already serves more than 10 thousand traders worldwide. This could have an impact on the harmonized trading conditions offered by brokers, while beginners will enjoy simplified terms and a fast account opening and can learn from the Forex training provided by TradeATF.
Professionals will consider some of the creative resources available with great access to the MT4 platform and its strong, trading options with no restrictions. Nonetheless, read the full article to learn more about TradeATF requirements before you determine whether this is the broker for you.
List of 10 Points About the Broker
- Cyprus-based international broker
- Regulatory responsibilities levied by the CySEC and the ESMA, also by the IFSC in Belize
- Range of instruments offering access to trading stocks, indexes, currencies, cryptocurrencies and commodities with no commission charges.
- Demo Account
- Minimum deposit – $100 that you can deposit with your credit card.
- Trading costs and spreads are considered to be low and normal
- Variety of platforms like the famous MT4 and WebTrader suitable for multiple devices
- Analysis tools at a very good level built into trading platforms
- Provided education for traders of different levels, including webinars, courses and research tools
- Customer Support is available 5 days a week and available in multiple languages
Is TradeATF secure or is it a scam?
The most relevant and first question to ask is whether or not a broker is a scam. Answer if you can trust your money and trade with a particular broker. The main thing to check is the status of the broker, its registration address and the license under which it operates. Priority is given to respectable jurisdictions, as they impose strict mandatory rules and a high level of capitalization. Notwithstanding the offshore region, which almost does not control financial business but merely gives it a green light.
Is TradeATF legit?
TradeATF operates two companies. The one is registered in the Belize offshore zone and the other falls within the European Registration and Regulation. TradeATF is a trading name used by Hoch Capital Ltd, controlled by the Cyprus Securities and Exchange Commission, which sets out regulatory requirements for the provision of financial services within and outside the EEA region. In addition, TradeATF must fully comply with MiFID and the ESMA’s regulatory obligations and the way brokerage represents and handles its customers.
Even though we never suggest trading with offshore brokers on its own, we find this broker to be obligated to comply with international rules and protect your money.
Leverage is a very powerful trading tool, since it magnifies your trading capital in a number of ways, giving you a great opportunity for higher earnings by trading in smaller amounts. However, leverage masks higher risks, so you should always know how to use it correctly and for which instruments.
Level of Risk
Recognizing its risks, in recent years regulators in different jurisdictions have significantly lowered the level permitted or the level that retailers may use. Nevertheless, as TradeATF represents two entities, one in Cyprus, and one in Belize, that can give you different leverage conditions.
- The Cyprus company leverage is no more than 1:30 for major currency pairs, 1:10 for goods.
- The international proposal includes up to 1:400 leverage
- Professional traders may have access to high leverage up to 1:400 or 1:500 once the status has been verified.
The next point to be reviewed in the TradeATF Review is a selection of account types that you can choose and identify requirements that are more relevant for your trading needs or experience.
In addition, TradeATF supports traders following Sharia belief by allowing Islamic Accounts for any type of account offered under customized terms and conditions subject to restrictions.
There are three Account Types available at TradeATF. Silver, Gold and Platinum built for traders who either start trading or have more attractive terms as long as the account type increases.
Throughout the option of over 700+ properties, each account type includes a smart fee strategy with discounts extended to Gold and Platinum account holders for swaps and spreads.
How to open your account?
As far as the available markets are concerned, TradeATF provides CFD-based trading with 350+ assets, including common Currency Pairs, Cryptocurrencies, Indices, Energies, Metals, Stocks, while its range continues to grow. Although some traders can find that the CFD-based proposal is rather restricted, there are numerous advantages to this type of trading.
The main part of this is a simpler way of trading, where you don’t need to think about contract rollovers or links to a particular exchange. Simply choose trading instruments on the TradeATF platform, open a chart and start trading, which is definitely a benefit.
For instance, one of the most interesting points in the ETFinance review is the costs and spreads offered for trading solutions. These costs depend on the account type, and the scale of the trading you conduct.
Therefore, the Silver account costs start with a minimum spread of 0.07. While the Gold account provides a spread of 0.05 with a rollover discount of 25 percent, the Platinum feature spread of 0.03 and a swap discount of 50 percent.
Our Forex Fee Results
Simplifying the response, TradeATF does not charge a commission but bases its costs on a spread only.
This means that all you have to pay for the given trading service and equipment is a spread or difference between the sale and purchase price charged for each position you make. Spread is defined by the account type, which means that Silver accounts spread start from 0.07 pips, Gold holders enjoy discounted 0.05 and Platinum are eligible for the lowest spread of 0.03 pip.
In addition, an extra SWAP or Rollover charge may occur if you use a swing strategy or holding positions longer than one day. However, Gold and Platinum traders will enjoy 25 percent and 50 percent swap discounts, which is definitely great.
See below the comparison table with the standard TradeATF spread and compare with other CFD brokers.
Trading Fees of TradeATF vs Similar Brokers
|Asset/ Pair||TradeATF Fees||ETFinance Fees||OctaFX Fees|
|EUR USD||0.6 pips||0.7 pips||0.5 pips|
|Crude Oil WTI||3 pips||3 pips||2 pips|
All of the brokers in the table charge an inactivity fee.
Snapshot of the fees for TradeATF
Deposits and Withdrawals
Being a regulated broker, TradeATF automatically falls within the framework of the money management rules, which ensures that client’s funds are always held under security measures and separated at all times. Furthermore, the broker allows secure transactions, which ensures that you can unprecedentedly transfer funds to or from your trading account.
Deposit Fees and Options
TradeATF offers to deposit funds through the most traditional methods of payment, through the use of prominent providers. It may appear as a limited choice for the EU individual, but these are the most convenient and secure methods. It is worth mentioning that if your account is opened under the International TradeATF agency, a wider range of money suppliers would be available, as the law requires. So it’s always food to consult with the customer service in terms of money transfer policies.
- Tranfer via bank wire
- Debit Card, Credit Card
TradeATF Minimum Deposit
Usually, the minimum deposit is set at EUR 100, which allows you to open a Silver account. A higher-grade account would need a larger amount of money. Often, there are no charges for deposits, so there is no fee. But always clarify with the payment provider or the bank itself as international laws may differ.
Money withdrawals are organized in a customer-friendly manner, as all transactions are requested and managed through your online account area. TradeATF also abides by good standards and ratings, confirms withdrawals very easily, and also charges no commission.
Platforms for Trading
The trading platform that you will use for the trading process itself is the popular and highly regarded MetaTrader4 software. We’re not surprised that TradeATF chooses this program and doesn’t provide any other platform. MT4 is so versatile and filled with great features that you don’t want to look for anything else.
- Mainstay on MetaTrader4
- User-friendly interface
- No limits on the strategies
- Fee summary & price warning available
- Supporting a variety of languages
- Versions for the web, mobile and desktop
- Potential for social trading
TradeATF Web Trading Platform
MetaTrader offered by TradeATF is actually a web version, while you can also install a desktop platform if you wish. Nevertheless, all features are available and compatible on all computers, as MT4 is cross-platform. Web Trading is certainly easy because you don’t need any high-level device specs or features. All you need is a browser and internet connection, and the site will be available for trading right away.
Look and Feel
In reality, MT4 is well-known and highly respected for its excellent charting, customer-friendly interface and intuitive navigation. If you don’t know the platform, make sure you learn it well with the training materials that TradeATF offers.
With the app, you will have a full track of opening and closing positions, and various order types available, including stop loss, limit loss, etc. MT4 is also popular for its automated trading features, the use of robots known as EAs and social trading options. TradeATF also includes this package, so traders of different styles can join their trading interests seamlessly.
TradeATF Mobile Trading Platform
The mobile app is also available and is suited for any mobile device you may use. Together with custom features, you can choose from specified chart types, check your fee report, allow one click trading, and more, all available on the go.
Customer Support Services
Another important point when choosing a broker is to see customer support. You should expect a quality response and assistance in any matter you might have during the trading process. The good news is that TradeATF customer support is on a very sustainable level, to respond to your issues either via live chat, email or phone. But make sure you get in touch with them within working hours, as the customer support works only 24/5.
TradeATF Education and Research
One of the advantages of TradeATF is its supporting model for any form of trader you may be. There are a variety of structured training materials and Forex learning materials, while the broker runs courses specified by the level and topic you are interested in. There are structured tools either for novice traders or for those interested in entering social trading.
Another separate big take should go to the Research Tools Trade ATF provides. For almost any strategy and all aspects are covered, TradeATF tool range includes over 90+ tools that will support trade identification, indicators, examples, signals and more.
Overall, TradeATF Review shows us a broker with a trading proposal including a wide range of trading instruments that can be chosen from all available and common MT platforms.
Despite the fact that TradeATF still operates in the offshore region, the regulatory obligation imposed by CySEC provides a good level of trust and forex trading authorisation, ensuring that you trade with a lawful broker.
What we would like to highlight is a good research resource and a powerful technology base. Given the approach that you may be more likely to follow, there is a good opportunity for you. Nonetheless, be sure that CFD trading is the right choice for you, as TradeATF only provides assets on a CFD basis.
Hoch Capital and TradeATF Update
The latest warning issued by the UK FCA on 28 May 2020 concerning Hoch Capital and its trade names Trade ATF and iTrader has been identified in a manner that is obviously detrimental to the interests of investors.
Despite the fact that Hoch Capital is a regulated CySEC broker, FCA considers its trading practices and aggressive marketing promotion in the United Kingdom controversial in terms of its MiFID obligations. The brokers used misleading marketing and promotion strategies that resulted in numerous complaints and failed to carry out appropriate assessments of the quality of their goods and their customers.
Hoch Capital and its trade names are subject to notice of all active accounts and cannot provide any financial investment services to UK residents.