You are able to make use of a choice for Two Factor Authentications (2FA) with ATFX for increased security. An SMS with the confirmation code will be sent to your phone. You will be required to input this code to log in to your accounts. ATFX admits the importance of having a fast order execution. A fast implementation will allow users to exchange without fretting about slippage safely.
What can you trade?
This lines up with the philosophy of ATFX, which further encouraged the broker to sponsor the event. This particular event is long-standing, with 18 years of events. Over 20 countries from five continents have participated and there atfx review have been over 134 tournaments. ATFX also has its own self-developed accounting system which is automatic. It ensures that withdrawals are only possible when the identity of the client matches the information on the account.
ATFX Risk Disclaimer
Besides, ATFX also does not provide services to politically-exposed countries such as North Korea, Syria, Iran and a few others. In terms of its client coverage, they aim its CFD trading services at retail traders who use or are interested in using the MT4 platform. ATFX offers one type of trading platform, namely the highly popular MetaTrader 4. While this might seem like a limited offering, MT4 is possibly the most popular trading platform today due to its suite of advanced features and fast execution. ATFX is considered a low-risk and can be summarised as a trustworthy forex broker.
Is ATFX a trustworthy broker?
To trade with an asset, all you have to do is select one from the asset list and decide whether you want to sell it or buy it depending on what your strategy is. The first time you click on one of the two, a risk disclaimer will pop up and you will have to accept the terms and conditions before being allowed to continue. Once you’ve done that you are free to trade as much as you want. ATFX offers a variety of two account types – the Standard account and the Edge account. Here are some of the main differences between the two accounts. There is not much information provided on the supported countries.
Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ATFX customer support is available 24 hours a day, five days a week, by phone, email, or live chat. It offers support in multiple languages, including Arabic, Dutch, English, Hindi, Vietnamese, Spanish, Thai, Chinese, Portuguese, and Korean. We also debunk some of the myths regarding the broker and give a comparative analysis with some of its competitors.
Before you trade, AskTraders.
Withdrawal of funds is only available to clients who have provided their supporting documents and have had their trading accounts validated. To this end, with this account, it is assumed that professional clients accept the trade-off of fewer protections for higher leverage ratios and more leeway when trading. The broker forms part of the AT Group network of global branches to provide its services to both retail and institutional traders. Overall, ATFX does not charge any deposit and withdrawal fees and offers a fair selection of payment methods. The minimum amount you will have to deposit to be allowed to access the trading space is $200 for the Standard account. If you see that you are making profits, you can always deposit more.
- The Firm has taken the decision to cease providing services to retail clients, with immediate effect.
- This ATFX review breaks down every one of the applicable non-trading charges for you in detail.
- ATFX offers a fee structure with no inactivity charges, but it lacks clear information on spread costs, which could affect trading cost transparency.
- Download the ATFX MetaTrader 4 Program free of charge from Apple’s App Store.
If you have experience trading with ATFX please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by ATFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
What this means is that customer capital is held in segregated accounts, with reputable European banking institutions. The capital adequacy requirements set forth by the MiFID framework are more than met by the broker. It has https://forexarena.net/ to be noted that traders are required to keep at least $5,000 in their Edge accounts, to maintain their status. ATFX reserves the right to change Edge accounts to Standard in the event this minimum equity is not maintained.
As part of its transparency, ATFX has a range of legal documents available on its website. This includes all documents related to compliance and regulation. They span categories such as general, CFDs, and spread betting. This is where to go for details on terms and conditions related to specific services and products. In addition to the regulation, ATFX complies with MiFID, the Directive on Markets in Financial Instruments.
ATFX uses the most recent bridging technologies to get the best rates from its liquidity provider. The payment systems on ATFX are super-fast, including for deposits and withdrawals. ATFX UK is also MiFID-compliant – the Directive on Markets in Financial Instruments.
Compare ATFX with the top 3 similar brokers that accept traders from your location. The site operates 24/7, but markets are open for trading in line with the assets. For example, the FTSE can be traded when the London Stock Exchange is open. Note, ATFX only accepts professional traders so just the Premium account is now available.
ATFX is also regulated by the Cyprus Securities and Exchange Commission (CySEC), and Market in Financial Instruments Directive (MiFID). EMERGING MARKETS is regulated by the Jordan Securities Commission authority as an Introducing Broker license number 643 and is the regulated entity in the Hashemite Kingdom of Jordan. According to its official website, ATFX is in fact registered and approved in all EEA countries.
If trading forex pairs is of interest to you then ATFX offer over 45 currency pairs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The agent goes to great lengths to understand what traders need. The broker also provides a variety of programs for all kinds of traders.
For those who choose the Edge account, the is a minimum deposit requirement of $5,000. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups.