ATFX Review 2019 | Is ATFX a Scam or Legit Forex Broker?
Rating breakdown
ATFX Overview
ATFX is a forex and CFD broker that is principally registered to the islands of St.Vincent & the Grenadines. However today we will be looking at the arm of the company registered to the UK, based in London, which is AT Global Markets (UK) limited and is authorized and regulated by the FCA in the UK.
| # | Broker's Features | ATFX Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ❌ |
| # | PAMM | ❌ |
| # | Scalping | ❌ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ❌ |
| # | Swaps | ❌ |
| # | Demo account | ✔ |
| # | Daily analysis | ❌ |
| # | Automated trading | ❌ |
| # | Mobile trading | ❌ |
| # | Trading by phone | ❌ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ❌ |
| # | Bonuses Promotions | ✔ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ✔ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review ATFX.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. ATFX offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency.
Tradable Products: Over one hundred instruments covering 6 asset classes.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. ATFX is No dealing desk, STP.
Features: No frills broker offering NDD trading services with high leverage.
As ATFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. ATFX recommended minimum capital is $100.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. ATFX is regulated by FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: International Business Company for international clients but regulated jurisdictions for UK and Cyprus
Languages Available: Next lets have a look at each broker's different Language options. ATFX offers Arabic, Chinese, Czech, English, Filipino, French,.
Payment methods: Next lets have a look at each broker's payment options. ATFX offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types.
Deposit and withdrawal: Support bank wire transfer, credit/ debit cards, and online payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, ATFX makes MT4 available to clients.
Web & Desktop Trading Platforms: MetaTrader 4 trading platform with support for WebTrader and mobile trading.
Mobile Trading Platforms:
Promotions
$100 welcome bonus and cash rebate up to $2500, no promotions for FCA or CySEC traders.
Support
Support in 6 languages from UK branch or 13 different languages from a non-regulated branch.
Recup
The broker’s primary goal is to offer its clients a decent level of service at a competitive price. While it doesn’t have any educational resources for beginner traders to firm up their knowledge base, ATFX makes up for this by providing its traders with a cross-platform selection of the most popular trading platform the MT4.
Trading Experience
More suited towards experienced traders rather than novices.