A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers. 92% of the brokers in our database (60+) offer Visa/Mastercard, 78% offer Skrill, 70% offer Neteller, and 44% offer PayPal. PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. ATFX delivers an average spread of N/A when trading the EUR/USD within a standard account. The all-in cost of trading the EUR/USD with an active account is N/A. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in).
ATFX offers a wide selection of deposit methods to transact on your account, including Mastercard, Visa, Neteller, Skrill, Bank Wire Transfer, and NganLurong.vn. None of these deposit methods come with any additional fees, except for the Bank Wire Transfer option that will charge a fee on any deposit less than $1,000. The processing times on all deposit methods is instant, except for the Bank Wire Transfer option that can take between 3 7 business days to reflect the funds in your account. The minimum deposit at ATFX is $100, and traders simply need to choose their preferred deposit method, enter the amount they wish to deposit and click on “Deposit”. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount.
- To add to the protections in the unlikely event of insolvency, AT Global Markets (UK) Limited clients have FSCS coverage.
- There currently are webinars available in English, Spanish and German.
- The website of ATFX is translated into several languages, including English and Spanish.
- All funds are returned to the original payment source that was used to make the deposit.
- You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
To trade with an asset, all you have to do is select one from the asset list and decide whether you want to sell it or buy it depending on what your strategy is. The first time you click on one of the two, a risk disclaimer will pop up and you will have to accept the terms and conditions before being allowed to continue. Once you’ve done that you are free to trade as much as you want.
This 2023 review covers everything from the MetaTrader 4 (MT4) trading platform and account safety and security to leverage rates. UK professional spread betters can enjoy no stamp duty or capital gains tax with just a £100 minimum deposit and spreads from 0.6 pips. You can speculate on popular financial markets, including forex and precious metals.
Investment Types at ATFX
ATFX provides award-winning customer support, having been chosen as the broker with Best Customer Service in 2019, by ADVFN. Forex traders looking for a well-regulated broker should check the services offered by ATFX. The low initial deposit on the Standard account makes this broker one of the very few FCA-regulated Forex brokers operating from the City of London. They mostly offer currency pairs for trading along with a wide range of CFD assets.
These are provided by market-renowned sources such as Bloomberg, Thomson Reuters, and Dow Jones, as well as primary trading platforms. To this end, with this account, it is assumed that professional clients accept the trade-off of fewer protections for higher leverage ratios and more leeway when trading. The Premium account is the ideal account for you if you’re a confident, experienced trader that’s familiar with the online trading industry.
Also, it is worthy to note that should in case an issue arises, and the company becomes insolvent, your funds will remain intact. As long as they are segregated, it is impossible to use them to reimburse creditors. As said in the beginning of this ATFX review, the brokerage is fully MiFID-compliant.
✅Edge Account
The broker also offers competitive trading fees, access to a wide range of trading tools and educational materials, and the chance to trade wherever and whenever you want. If you are looking for tighter spreads, then the Edge Account promises as low as 0.6 pips on the major currency pairs, yet it does have a higher minimum deposit of £/€5,000. For your extra investment, however, you will receive free VPS and educational materials.
Market analysis and news
The site operates with SSL-encryption and the broker even has a dedicated support email address for queries about transactions ([email protected]). This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a atfx review high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. Market analysis and account management features can also be used through the web interface. MT4 comes in 3 versions, covering Windows, iOS and Android compatibility.
STAY AWAY IF YOUR MONEY MEANS ANYTHING…
For the best results and least hassle, ATFX suggests only contacting the FOS following a final response from ATFX. This allows partners to earn rebates for clients they refer. There is no concern about complexities during the integration process into ATFX. The list of webinars always includes the title, language, date, start time, and duration. You can also read a description of the webinar to help you decide if you want to register.
These comments are usually published weekly on the Analysis section of the platform’s site. ATFX has a complete section dedicated to technical analysis. This comprises market news and analysis of some of the markets known to be very popular, such as oil, indices, cryptocurrencies, and precious metals. This also updates focus on particular products, including predictions, influences, and much more. – In the following review, we will prove the online broker ATFX and show you the conditions for traders. With more than 9 years of experience in online investments, we will find out if it is a scam or not.
That being said, it is not available to clients in certain countries of the world. These include Yemen, Vanuatu, Tunisia, Trinidad and Tobago, and Sri Lanka. It also includes Bosnia and Herzegovina, Iraq, Ethiopia, Syria, Sudan, DPRK, and Turkey. ATFX cannot be used in Cuba, Japan, Iran, Canada, or the USA either. It is best to confirm that ATFX is available in your country if it is not explicitly stated. Trading is very simple, you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom.
Traders will also be pleased to know that scalping is available on the site as well as automated trading. The company strive to keep things as simple as possible which means you won’t find all the bells and whistles that are usually touted within the financial industry. Instead, the company emphasises their goals quite modestly by providing competitive pricing. Transparency is another attractive feature at ATFX thanks to a no dealing desk. All the above-mentioned features make the functionality of the brand exceptional. The user interface is perfect for beginners or trading veterans, and all the necessary tools are available to ensure a hassle-free and memorable online trading experience.