ATFX Review

Review

ATFX (UK), is an FX / CFD broker that was founded in 2017. The company is headquartered in the City of London and is regulated by the Financial Conduct Authority (FCA). They also ensure that client funds are held in segregated accounts, separate from the company’s own capital. The group AT Global Markets (UK) is also a member of the Financial Services Compensation Scheme (FSCS), this covers eligible investments of up to £85,00 per person, per firm. 

 

They state that they operate an ECN (electronic communications network) model, using STP (straight-through processing) technology, without any dealing desk interference. However, they do reserve the right to act as a market maker in certain circumstances. The company offers over 200 financial instruments to trade with including forex and CFDs in indices, commodities, cryptocurrencies, and shares.

 

ATFX Broker Review

Accounts

There are three main account types to choose from with ATFX: a Standard account, Edge account, and a Premium account. The Standard account requires a minimum of £$€ 500 and offers a minimum spread on the benchmark EUR/USD currency pair of 1.0pips. The Edge account requires a minimum deposit of £$€ 5000 offering a minimum spread on the benchmark EUR/USD currency pair of 0.6 pips. ATFX’s Premium account requires a deposit of £$€ 10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips, with a commission charged of $25 per mio per side. 

For traders with experience and who meet certain criteria the broker also offers a professional account. This account allows traders to trade on all instruments with higher leverage as long as they meet the threshold to qualify as an elective professional, (evidence will be required when applying). 

 

The maximum leverage offered on all three of the main account types is 30:1 and the minimum trade size for FX is a micro lot (0.01 full lots). ATFX also provides its customers with negative balance protection, and allows both scalping and hedging, unlike many other brokers. 

 

ATFX presents the MT4 platform, which is the most popular and widely used trading platform within the FX/CFD industry. The platform has the capability to be used as a web-based platform through a web-based browser, and as an application on smartphones and tablets. A demo account is available with ATFX, which is typical with nearly all Forex and CFD brokers.

 

ATFX Broker Review

Features

The most notable features of ATFX worth are that they offer decent liquidity, competitive spreads, and offer award-winning customer service. 

Scalping is allowed, and automated trading is possible, as already noted. The company also offers the opportunity for clients to trade on raw spreads paired with free VPS. However, this is also subject to account type. 

 

With certain account types, ATFX does not charge a commission on the profit or loss of traders. The standard and edge account both don’t charge commission while still offering competitive spreads. With these accounts, you will also have a dedicated account manager. 

 

ATFX also provides unlimited access to Trading Central (subject to account type), which means clients can use this trading tool to make the best of their open positions. The trading signals on Trading Central will also help clients to meet their trading goals and includes the long and short entry/exit signals, slow and fast price indicators, raw and smooth signal lines, and slow and fast oscillators.

 

ATFX Broker Review

Education

Daily Webinars

ATFX’s Global Chief Market Strategist, Alejandro Zambrano, delivers a daily webinar which discusses the current state and trends of certain financial markets. During these webinars, there are also real-time insights provided to traders. Mr Zambrano shares his wealth of knowledge on the markets, as he holds over 12 years of experience. He has been recognised by Reuters, CNBC, and Bloomberg. His specialism lies in both fundamental and technical analysis. His strategies aim to minimise risk and help clients to navigate the financial markets successfully.

One-to-one coaching

The company has recently started offering clients who have opened an edge account, the opportunity to benefit from one-to-one coaching sessions. Edge traders will have two private half-hour coaching sessions with Alejandro Zambrano. The trader will be able to benefit by having their trading and strategy questions answered directly from a market expert with trading experience. Also, they will have the chance to create a completely unique trading plan which suits your needs and goals, with advanced money and risk management protocols in place. Traders can learn where to place stop-loss orders and where to take profit orders, as well as knowing how to manage leverage.

Tranding Central

ATFX provides full access to Trading Central (subject to account type), allowing clients to gain a customisable view of the markets and to also make full use of trading signals, and market-leading research covering over 8,000 financial instruments spanning from Forex, indices, and commodities.

Forex Education Center

ATFX has recently opened a new forex education center which can be found on the company’s website. Here the user will be able to read in-depth eBooks, as well as access to a number of trading courses. Courses range from economics, MetaTrader tutorials, social trading, cryptocurrencies, trading strategies to even covering capital management.

Premium Education

Opening a premium account with ATFX means unlocking a number of exclusive benefits including, premium tutorials and videos, as well as full access to Trading Central. The premium education feature compliments the free VPS and raw spreads that this account type offers.

ATFX eBook

Registering for ATFX’s eBooks will help clients understand trading and learn how to enter the financial markets. ATFX’s free educational eBooks mean clients will be able to overcome the struggles of trading by building on existing knowledge of the financial markets.

Market News

ATFX provides traders with the latest financial market news and overviews for some of the most popular products including FX majors, precious metals, oil, commodities and indices.

Bonuses and Promotions

There are no bonuses and promotions on offer at the time of writing, as bonuses are prohibited by ATFX’s regulator, the FCA.

Deposits/Withdrawals

Depositing funds into an ATFX account is an easy and secure process. Funding can be done using credit cards, debit cards, or wire transfer, as well as electronic payment methods such as Skrill and Neteller. Withdrawals can be made using the same available mechanisms. ATFX does not impose any minimum requirements on deposits or withdrawals, but the payment channels themselves may do so.

Customer Support

ADVFN awarded ATFX for Best Customer Service in 2019. The company provides an exceptional customer-centric multilingual service and continues to dedicate its effort in building and maintaining client relationships by providing them with a wealth of services and products

Conclusion

ATFX has a well-rounded offering for traders looking to trade using spot and CFD instruments through a reasonably wide range of assets, particularly Forex currency pairs and global equity indices, but notably also major commodities such as gold and crude oil. Fans of no-nonsense trading looking for a confident and no-frills broker may find their offer especially interesting, and quite possibly attractive enough to open an account. Most importantly of all, the spreads and commissions offered seem to be truly competitive

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Features

In terms of features, the stand-out strengths of this broker’s offerings are:

  • Competitive spreads / commissions / fees.
  • The possibility to trade with the most popular trading platform in the industry, MetaTrader4.
  • A wide range of instruments available for trading: all the major and minor Forex currency pairs, as well as several exotics; also, a good range of global equity indices, plus several major commodities.
  • Regulated by a major industry center (Cyprus, by CySEC).
  • Scalping, hedging, and automated trading are allowed.

Company Information

  • Broker's Name : ATFX
  • Headquarter : United Kingdom
  • Regulation : CySEC, FSA, FSC

Account Information

  • Type of Broker : ECN/STP
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:400
  • Commissions / Spreads : Both / Either
  • Account 1 : Standard Account
  • Account 2 : Edge Account
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4
    • Platform Languages :
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • Turkish
      • German
      • Japanese
      • Chinese
      • Russian
      • Portuguese
      • Dutch
      • Greek
      • Malay
      • Thai
      • Bahasa
      • Swedish
      • Polish
      • Hungarian
      • Other
  • Trading Signals :
  • Charting Package :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • Turkish
      • German
      • Japanese
      • Chinese
      • Russian
      • Greek
      • Malay
      • Thai
      • Bahasa
      • Swedish
      • Hungarian
      • Other
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Competitive Spreads
  • Over 200 financial instruments
  • Free VPS (subject to account type)
  • Raw Spreads (subject to account type)
  • Forex Education Centre
  • Multi asset trading including FX, Commodities, Indices, Stocks and Cryptos
  • No Bonuses

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Platforms

MetaTrader4

The MetaTrader 4 is an independent trading platform, developed for trading FX, commodities and other products and is one of the most advanced and easy platforms to use. It remains the gold standard of trading platforms.

In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.

Automated trading is also offered through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.

With this automated trading system clients may create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.

The platform is available as both downloadable and installable software, or as a web-based service.

MetaTrader Mobile

The MetaTrader 4 and platform apps can be used on iPhones, iPads, Multi-Terminal, and all Android devices. 

 

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