ATFX Review 2024: Is it Safe or a Scam? All the Pros & Cons
Trades are executed through the MT4 platform, known for its excellence in the trading industry. ATFX offers a single retail account with a minimum deposit of $50. It features zero commissions and floating spreads from 1.8 pips. The broker also provides MAM/PAMM accounts for managed trading and swap-free trading via ATFX’s Islamic accounts. The MetaTrader 4 (MT4) platform, along with the web trader, mobile https://traderoom.info/atfx-a-reliable-broker/ and tablet apps offer the clients the flexibility to trade anytime and anywhere in the world.
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 have been over 134 tournaments. Since ATFX is a regulated firm, it has a clear complaint-handling procedure.
In the ATFX review below, we look at its business model and practices that have seen it rise to that level. If you are using a PC or laptop, you can download the platform directly on your device. MT4 is a powerful trading software and cannot be accessed simply through your web browser like other platforms. Customer support is available via live chat, email, and phone, with dedicated hotlines for specific regions. If you are based in the UK, the spread betting option might be attractive to you as this method of trading is capital gains tax-free. ATFX also has its own self-developed accounting system which is automatic.
ATFX Risk Statement
Compare top platforms, fees and features to make an informed trading choice. Customer Support is available 24/7 via phone, email, and live chat. ATFX does not have a local support team so the best method of contacting customer support would be via email or live chat.
ATFX incorporates the standard suites of MetaTrader 4 and MetaTrader 5, available on desktop, web, and mobile. MT4 can be enhanced with additional technical indicators. The broker has also developed a proprietary trading app, while copy trading is available via a dedicated CopyTrade app. ATFX also provides free VPS hosting to high-volume traders.
Demo Account (Free)
This occurs when the market price reaches the correct point. It is important to remember that pending orders do not have guaranteed execution at their original price. Market orders are sent to the market, then executed at the market’s tradeable price.
ATFX’s Mobile Trading Platforms
- MT4 comes preloaded with over 30 technical indicators while giving traders access to 9 different timeframes and several chart types.
- The broker does not impose a handling fee on deposits or withdrawals, except for a $5 fee for withdrawals below $100 via bank wire.
- For every client you introduce, you earn a CPA commission.
- ATFX offers a straightforward forex and CFD trading experience.
- The platform does not provide diversity which makes it difficult for traders with different goals.
- The report shows sentiment figures related to small and large market participants.
The Broker operates with a global team of over 450 staff across 14 countries, combining international reach with local market expertise to offer tailored support and services. Operating internationally with a diverse team and a strong regional presence, ATFX continues to innovate and expand. For instance, initiatives like ATFX Connect for institutional clients highlight their commitment to broadening their offerings and enhancing services.
Orders Types
The broker is licensed in multiple jurisdictions, though one of its entities is not regulated. It, however, has issued an Excess of Loss policy and operates on a ‘best execution’ basis. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
This is no surprise, as most brokers require $200 – $250 minimum deposits. If you are looking for a cheaper option, you can try IQ Option, where you can start trading with only $10. Explore our unbiased reviews of our trusted forex brokers to enhance the performance of your portfolio. There are numerous investment options such as CFDs, Crypto, and stocks that you can discover the best for your trading needs.
Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida’s passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.
Trading Fees
Our review experts discovered that ATFX has been operating in the financial market since 2014 when it was initially known as Positiva Markets Ltd. In its earlier guise, ATFX served as a liquidity provider for large institutional traders, providing spot FX for large trade volumes. Apart from this, the platform has created separate accounts to keep the client and organization funds safe from mismanagement.
The platform is stable and offers the same functionality as the desktop version. ATFX’s platform is fast and reliable, with great execution speeds. I appreciate their wide range of educational resources, which help me stay informed and improve my trading skills. The ATFX Introducing Broker (IB) Program offers a lucrative opportunity for skilled individuals to partner with this broker by generating leads in the forex or finance industry.
