Finding a good Forex Broker nowadays is really difficult. ATFX is a major player in the sector. With over 7 years of experience in internet investments, we will determine whether or not it is a scam. To learn more about the company, go through the parts below.
What Exactly is ATFX?
ATFX is a relatively new Forex Broker that has already established a good reputation internationally, thanks to the good conditions and market pressures they usually offer in terms of their proposed investment services. It is owned by AT Global Markets Limited (UK) and is part of the AT group. The mere presence of this platform, together with the restricted number of assets available, could pose a threat to competitors.
Nonetheless, the characteristics that AFTX provides make it a viable option for both private and professional traders. ATFX specializes in forex trading and provides clients with quick execution via large liquidity sources. The company is situated in the United Kingdom, and its trading offers are extremely transparent.
- ATFX is headquartered in the United Kingdom.
- Dedicated to FX trading
- Currency investments come in a wide range of options.
- Sponsorship of various sports teams
- FX Broker with Big Liquidity Providers Awarded FX Broker No dealing desk broker with Big Liquidity Providers.
AFTX is regulated.
The FCA (Financial Conduct Authority) regulates and authorizes AFTX. Hence the company’s headquarters are in the United Kingdom. Their company’s FCA registration number and company number are 7605555 and 09827091, respectively. AT Global Markets (UK) Limited is the company’s official name.
The FCA officially licensing a company signifies that it has been approved as an FX and CFD broker. This adds that part of the FCA’s approval of ATFX implies that the company is required to follow the agency’s policies to the letter, which include equal treatment of clients and the preservation and administration of clients’ cash things.
Traders’ financial security
The firm is dedicated to ensuring that customer monies are adequately protected at all times and on all days. The organization uses the most up-to-date encryption technology available and highly effective protection measures, and strict oversight to protect customer data.
Furthermore, ATFX operates by isolating customer monies into trust accounts, all of which are held by Barclays Bank PLC. Because ATFX’s finances are not jumbled with those of its customers, this structure brings order to the organization.
It’s also worth noting that if a problem emerges and the company goes bankrupt, your funds will be safe. It is impossible to use them to reimburse creditors as long as they are segregated.
ATFX has FSCS (Financial Services Compensation Scheme) coverage to protect against the sad event of insolvency. This scheme is only offered to clients who trade with FCA-approved firms.
That’s not all; ATFX also has its own automated, custom-built accounting system, which approves withdrawals only after verifying that the client’s identification fits the information given on the profile.
Economic stability facts:
- ATFX uses only secure, regulated additional expenses.
- The funds of the clients are kept separate from the funds of the company.
- ATFX does not invest or hedge client funds.
- ATFX is a Financial Services Compensation Scheme member, which protects your money if a company or a bank fails.
- Barclays Bank is in charge of the funds.
Examining the terms and offers
ATFX is a rapidly expanding Forex broker with excellent trading and spread conditions. The number of assets is limited to 100. This does not take away the fact that the system is generally excellent. Beginning with a tiny sum of money, you can trade currencies (forex), commodities, cryptocurrencies, indices, and stocks.
Majors, Minors, and exotic currencies are all included. The execution is lightning-fast, and the spreads are really minimal. Traders can benefit from numerous account kinds and pay lower trading fees.
For retail investors, the max leverage is 1:30. Higher leverage of 1:400 is available to professional clients. The minimum payment is $500. However, you may get started with a free demo account to get a feel for the site. Furthermore, the assistance provides excellent service to each trader.
The famous MetaTrader 4 software is available for trading. The platform has received many positive comments from currency traders and investors, and it should be considered when looking for a fantastic online trading platform.
- For practice, a free sample account is available.
- Various account types
- The minimum deposit is $500.
- Spreads begin at 0.0 pips.
- There are almost 100 separate markets.
- Quick action is required.
- 1:400 (retail) 1:30 (retail) (professional)
- MetaTrader 4 is a trading platform.
Thanks to its numerous trading features, Metatrader 4 is one of the most comprehensive and popular trading platforms for retail traders in the Forex market and CFDs.
It’s a downloadable program that includes advanced visuals with various time frames, fresh quotes, dozens of chart patterns, and other instruments for the marketing plan.
This platform supports a variety of market orders and allows users to build, assess, and deploy automated trading systems known as Expert Advisors based on various methods.
It is an online browser program that requires no download or installation and can be utilized via the ATFX website from any device connected to the internet.
This platform includes capabilities for maintaining positions (opening, closing, and so on) and market analysis tools like updated news, updated quotations, price charts, and technical analysis. It may be used with Metatrader.
The ATFX markets are analyzed and charted.
Technical analysis is given in its section on ATFX. This includes market news and analysis for several well-known markets, including oil, indexes, cryptocurrencies, and precious metals. These reports are released every week. This also includes product-specific information, such as projections, influences, and much more.
ATFX delivers a daily market report to help traders make better judgments by keeping them informed and preventing them from making costly mistakes that may damage them in the future. Technical and basic aspects that can affect the price behavior of various markets are included in these analyses.
Even if you don’t want to use the daily analysis, you can attend free webinars or use the trading platform’s technical indicators and tools. MetaTrader 4 is highly adaptable, and it provides traders with a wide choice of tools. Furthermore, you can use external indicators or programs.
The platform’s website has a daily market report that may be downloaded. You’ll also be able to check past marketplaces as well as data from recent months. A third party creates these market reports.
How to sign up for a free account
The process of opening a trading account with the ATFX broker is quick and easy, and users simply need to fill out a short form on the firm’s site. Relevant trader information is asked in this form, which includes the following:
- Personal information
- Information about money.
- Market knowledge and expertise are essential.
Except for Edge accounts, ATFX offers reasonable spreads and no commissions. MetaTrader 4 is used to carry out all of its operations, and it is compatible with mobile and desktop platforms. A wide spectrum of clients may utilize this broker due to the numerous deposit and withdrawal options available, and you can always count on 24-hour customer care.