ATFX offers CFDs trading covering five asset classes including forex, indices, commodities, cryptocurrencies, and shares using the MetaTrader 4 platform. ATFX offers its customers tight, competitive spreads and is multi-regulated.
In this ATFX review, we will look closer into its salient trading offerings, features, and services that you can capitalize on as you decide to trade with this broker.
ATFX Background & Safety
ATFX is a co-brand owned internationally by a variety of various bodies, including Europe, Africa, Asia, and the Middle East. AT Global Markets LLC (a Limited Liability Company), AT Global Markets (UK) Ltd, ATFX Global Markets (CY) Ltd, and AT Global Markets Intl Ltd are the entities of ATFX. Each of these firms is duly regulated in their respective jurisdictions.
The Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Services Commission (FSC) in Mauritius, and Financial Services Authority (FSA) in Saint Vincent and the Grenadines are the regulatory institutions affiliated with the ATFX brand.
ATFX claims to have won a total of 37 awards in the last three years. It received numerous accolades including the most influential broker and the fastest-growing European broker – a reflection of ATFX’s excellent trading services and creativity in providing financial instruments to its retail and institutional clients. ATFX Connect, the brand’s new fintech arm, is its most outstanding trading solution for both retail and institutional traders.
Also, ensuring that your funds are safely kept, ATFX holds them in segregated client bank accounts.
Apart from multi-regulatory credentials and numerous recognitions, ATFX takes pride in its set of trading conditions which include tight spreads, lightning-fast execution of trades, zero commission, first-class service and support, values of fairness, diversity and transparency, and safety and security of traders’ accounts.
Mind, though, that the broker does not provide brokerage services to residents of certain countries, including but not limited to Canada, Japan, Democratic People’s Republic of Korea (DPRK), Iran, and the United States of America (USA).
ATFX Features & Fees
ATFX offers a range of asset classes including CFDs on forex (44 currency pairs available), indices (over 12 indices), commodities (including Precious Metals, Gold, and UK Crude Oil), shares (over 80 CFD shares), and cryptocurrencies (4 crypto CFDs).
ATFX offers four live account types which are Standard, Edge, Premium, and Professional.
The Standard account requires a $500 minimum deposit that provides access to spreads starting from 1.0 pips, no commission fees, leverage up to 1:30, and basic trading services.
The Edge account provides users with lower spreads, starting from 0.6 pips, no commission fees, and the same leverage level for an initial deposit of $5,000.
To go Premium, traders need to deposit at least $10,000 to access forex trading with spreads starting from 0.0 pips, leverage up to 1:30, and a commission fee of $25 per 10 lots.
Lastly, the Professional account is viable for traders who are able to meet certain criteria, including holding a minimum 500,000 euros portfolio or experience working in the financial sector. Eligible traders must deposit at least $5,000 to access low spreads from 0.6 pips, 1:400 leverage, and commission-less trading.
Deposit and withdrawal methods accepted by ATFX include credit/debit cards (VISA, Mastercard,), online payment systems (Skrill, Neteller, Perfect Money, Cash U), and bank wire transfers.
The broker does not charge deposit fees for any method of payment. Withdrawals are free if they are amounting to or above €/$/£100.00, or for the full balance of your account. Otherwise, a fee of €/$/£5.00 will be charged.
ATFX offers cash rebates (where you can receive US$2 for every lot you trade that goes up to US$10,000). The broker also gives its new traders a warm welcome a $100 welcome credit. On top of these, ATFX offers market-leading cash rebates through its Introducing Broker rebate program where you can earn up to US$19 per lot traded.
ATFX Trading Platforms & Tools
ATFX is a MetaTrader-only broker and offers the MT4 trading platform to its clients. Though being limited to just one trading platform option, ATFX offers the industry-popular MT4 with some of the most competitive spreads on the market. It also boasts of its lightning-fast execution ability. Web and mobile versions are available to users.
In terms of trading education, ATFX provides its traders with trading tools that help them become better traders. On its site, ATFX has webinars, seminars, trading education, and Trading Central. For research, traders are provided with features such as Trading Strategies, Market News, Financial Events, and economic calendar.
Competitive spreads and commission-free/low trading fees are the assets of ATFX as a broker. It also has some good promotions and it has a strong regulatory credential.
On the downside, the broker the required minimum initial funding is quite pricey compared to standard accounts offered by other brokers. Also, the broker does not have any other platform option aside from MT4.