ATFX: Online Forex and CFD Broker Review 2024

You can use a fixed number of pips to set an exit price or a stop-loss every time you open a new trade. Pips play an important role in risk management during forex trading as a price movement measurement. Once you have familiarised yourself with the forex market through demo trading, the next step of your journey begins when you open a profile account with a trustworthy broker. You can complete a profile at this stage so your broker can identify you. The profile opening process requires your name and login information, such as email and phone contacts.

Regulation and Deposit Protection

Trading Central has been providing key insight into momentum-based trading opportunities since 1999. It’s considered one of the best services in its class by industry commentators. They are providing this service for free to all their customers. The ATFX Affiliate https://traderoom.info/ Program is designed to help clients grow their forex business. It includes transparent reporting with plenty of details plus competitive commissions and exceptional customer service. To make use of the affiliate program, you just register to be an ATFX Partner.

Deposit and Withdrawal Process

ATFX has gained the reputation of running a smooth operation within a relatively short period. While its primary market is in the UK and European markets, it has been gradually establishing a foothold in South East Asia and Middle Eastern countries. https://traderoom.info/atfx-a-reliable-broker/ Traders can fund their account with a deposit of $€£500 deposit. Also, they’ve added Autochartist analytics to their WeChat Account for their Chinese clients. Over the years, ATFX has earned numerous awards across various markets.

Does ATFX charge withdrawal fees?

We have scanned fees (minimal spreads) that ATFX charges when trading popular currency pairs, here is their breakdown in pips. Moreover, the reviews on Trustpilot, an independent review platform, provide valuable insights into the experiences of actual users with an overwhelming load of positive reviews. All of these suggest that ATFX is a reputable and trustworthy broker rather than a scam.

1. These include a lack of negative balance protection and waived restrictions on CFDs.
2. It’s considered one of the best services in its class by industry commentators.
3. ATFX connects traders and investors to the forex and CFD markets, acts as an STP broker, meaning the broker obtains the best spreads and commissions from its liquidity providers.
4. To become a good forex trader, you first must master what currencies to trade and when to trade them.

During demo trading, learn the important aspects of forex trading, such as fundamental analysis, technical analysis, and money management. You’ll execute your trades through the MT4 trading platform, which is regarded as one of the best trading platforms on the market. Forex trading platform is an accepted software interface that lets traders access all the tools needed for order placement. You use these software platforms to execute all the buy or sell orders when you trade forex. We enable our traders to implement their own trading strategies based on 44 forex trading currency pairs, with localised expert support available 24/5. Withdrawals to a debit/credit card depend on the bank that issued it, while withdrawals to electronic payment systems take from 1 minute to 1 business day.

Since they are segregated, they cannot be used to reimburse creditors. ATFX has a strong commitment to ensuring that client funds remain safe at all times. The company uses the latest encryption technology currently available to protect data. This is combined with effective protection measures and strict supervision.

ATFX offers a limited selection of assets for CFD trading, some of which include 15 indices and more than 50 individual stocks. There is one unusual practice that the broker takes a one-minute trading break each day around midnight (GMT+2 or GMT+3 during Daylight Savings Time). Or European based day traders, it may not suit those who typically hold positions for the long-term or trade the Asia session. It could also impact trading robots overnight as they may fail to enter or exit positions at that time. John Stuart is the editor’s chief of BrokerTrending and our expert broker.

ATFX is a co-brand shared by multiple entities, each authorized and regulated in their respective jurisdictions. However, it’s important to note that ATFX has some limitations. Whichever route you choose you’ll experience lightning-quick fills through your MT4 platform and some of the lowest transaction costs in the industry. Margin is the deposit with your broker to control a much larger position size. Leverage allows you to trade a lot size that’s bigger than your deposit, but the margin acts as a guarantee to cover potential losses. Furthermore, it is not wise to measure success in forex according to how much you can earn in one trade.

There is a vast trading volume; in fact, it has the biggest trading volume of goods in the world. To deposit funds into your ATFX account, just log into your account. This means that your deposits must come from your own accounts. Professional client classification is also available from ATFX. Professional clients do not have to deal with the margin increases from the ESMA changes in 2018.

The goal of MiFID was to harmonize financial market governance in the EEA. It also aims to improve financial transparency, efficiency, competition, and consumer protection. With MiFID, investment firms are able to freely offer services within other member state’s territories or those of third parties.

This regulatory oversight assures traders of a secure trading environment, although it’s important to note that ATFX is not listed on any public stock exchange. ATFX offers competitive pricing on a wide range of CFDs, including forex, commodities, indices, shares, etc. As you can see, the main difference is that the Edge account provides traders lower spreads compared to the Standard account.

You can test its platform with a demo of $100,000 virtual funds. On June 2020 ATFX has added Autochartist, a leading automated market analysis software. ATFX chose to sponsor this particular event since it began in the UK and is promoted in regions worldwide. Additionally, the Duke of Edinburgh Cup is a known charity that has Royal Patronage. 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.