ATFX review 2023
ATFX review Summary
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With 450 team members in 14 different countries, ATFX has grown into a significant player within the saturated broker space. It offers access to over 200 assets including indices, stocks, commodities, forex, and cryptocurrencies.
What can I do with ATFX?
Launched in 2017, ATFX is a regulated trading platform that was awarded the “Fastest Growing Forex Broker” Award in the same year. It offers a wide range of CFDs, such as indices, stocks, commodities, forex, cryptocurrencies, and over 200 assets to trade in total.
ATFX offers full integration with the MetaTrader 4 trading platform and also allows new traders to open a demo account to improve their trading skills and backtest different trading strategies.
ATFX markets, assets, and options
What assets and products can you trade on ATFX?
ATFX offers a variety of CFD assets to trade, from popular forex pairs such as EURUSD and GBPUSD to top stocks like Apple and Amazon, and indices, commodities, and cryptocurrencies.
| Product | Offering |
|---|---|
| Cryptocurrency | 4 |
| Forex | 44 |
| Indices | 13 |
| Commodities | 4 |
| Stocks | 82 |
What leverage trading options are there?
ATFX allows leverage up to 30x, no matter the type of account you opt for. However, trading with leverage should be reserved for those with some previous trading experience, as it entails a greater risk of loss.
| Product | Maximum leverage | Margin |
|---|---|---|
| Cryptocurrency | 1:2 | 50% |
| Forex | 1:30 | 0.30% |
| Indices | 1:30 | 0.30% |
| Commodities | 1:30 | 0.30% |
| Stocks | 1:30 | 0.30% |
What are the spreads?
Depending on the type of account you choose and the asset you’re trading, spreads can be as low as 0.05 pips per lot. Overall, ATFX offers competitive spreads with zero commissions.
| Product | Minimum Spreads | Margin Rate |
|---|---|---|
| Cryptocurrency | 40 pips | Variable |
| Forex | 0.60 | Variable |
| Indices | 0.10 | Variable |
| Commodities | 0.05 | Variable |
| Stocks | 0.05 | Variable |
Fees, limits, and payment options on ATFX
What are the deposit and withdrawal fees, limits, and speeds?
You can both deposit and withdraw on ATFX using E-wallets, credit cards (Visa & Mastercard), and bank transfers.
According to ATFX, withdrawals are free if they are equal to or over $100 or alternatively for the full balance of your account. Otherwise, a fee of $5 will be charged.
| Payment method | Deposit | Withdraw |
|---|---|---|
| Credit Cards – min/max – fees – speed | Yes $100/$35,000 per day Free 24 hours | Yes N/A $5 (if below $100) 1-2 business days |
| Skrill – min/max – fees – speed | Yes $100/$10,000 1.45% + 0.50 EUR Instant | Yes N/A 1.45% + 0.50 EUR Instant |
| Neteller – min/max – fees – speed | Yes$100/ $10,000 1.45% + 0.50 EUR Instant | Yes N/A 1.45% + 0.50 EUR Instant |
| Trustly – min/max – fees – speed | Yes $100/$10,000 1.50% (minimum 0.80 EUR) Instant | Yes N/A 1.50% (minimum 0.80 EUR) Instant |
| Bank Wire – min/max – fees – speed | Yes $100/ N/A Variable (depending on bank) 2-3 business days | No |
How much are ATFX’s fees and commissions?
ATFX offers tight, competitive spreads, starting at 0.05 pips. There are no trading commissions either when opening either a Standard or Edge account. Premium accounts charge competitive commissions outside the spread.
| Fee type | Fee amount | Commission |
|---|---|---|
| Cryptocurrency | None | 40 pips |
| Forex | None | 0.60 |
| Indices | None | 0.10 |
| Commodities | None | 0.05 |
| Stocks | None | 0.05 |
ATFX trade sizes and limits
ATFX doesn’t openly state its maximum trade limits, but the minimum lot size is 0.01, no matter the account type. This is standard for most CFD brokers.
| Product | Minimum trade | Maximum trade |
|---|---|---|
| Cryptocurrencies | 0.01 lots | N/A |
| Forex | 0.01 | N/A |
| Indices | 0.01 | N/A |
| Commodities | 0.01 | N/A |
| Stocks | 0.01 | N/A |
ATFX trading platform
What devices can I use ATFX on?
ATFX’s WebTrader and MetaTrader 4 (MT4) platforms are both available via web, desktop, tablet or mobile app.
- Desktop
- PC
- Tablet
- iOS Mobile Devices
- Android Mobile Devices
Can I use ATFX in my country?
ATFX is available in most countries and territories around the world. The exceptions are Australia, Canada, Japan, Singapore, and the United States for CFD regulatory reasons. Select your country from the list below to see if it is available where you are.
Is ATFX available in my language?
Currently, ATFX provides support in 13 languages, including English, Spanish, Portuguese, and Arabic. Select your language from the list below.
How easy is it to use ATFX?
ATFX offers integration with the popular trading platform, MetaTrader 4 (MT4). The platform features a familiar, user-friendly interface and is generally easy to navigate and use. It is easy to see why the platform is so popular and widely used, as it has an extensive array of tools and features, such as fast trade execution, automatic price entries, and dynamic charting with a nearly unlimited number of chart timeframes and viewpoints.
Whether you are just starting out or a seasoned trader, ATFX has something to offer and it is compatible with all major mobile devices and various operating systems.
Key features
ATFX offers a wide array of account types, trading options, and tools. Here are some of the platform’s key features:
Demo Account
ATFX’s free demo account offers brand new traders an excellent starting point. The account operates in real-time, replicating the look and feel of an actual live trading account and comes with a $50,000 virtual balance, enabling you to explore and experiment with various trading strategies.
Low Fees
ATFX offers very competitive spreads that start from 0.05 pips and zero commissions. It also has a zero-fee policy for both deposits and withdrawals, while there is also negative balance protection for added peace of mind.
MetaTrader 4 Platform
MT 4 is one of the most popular and widely used trading platforms on the planet and ATFX offers it exclusively. The platform comes with full dynamic charting capabilities, automated trading with the help of Expert Advisors, technical indicators, trading signals, and more.
Security and regulation
Is ATFX safe?
ATFX is registered in Belize, where under state laws it must meet a minimum capital requirement of $500,000, while client funds must also be kept in segregated accounts.
The platform runs a state-of-the-art safety system through sophisticated firewalls and Secure Sockets Layer (SSL) encrypts to protect data transmitted to and from its servers. In addition, all trading servers are working from SAS 70 certified server centers to ensure the maximum safety of your data as well as transactions.
Am I and my funds protected?
ATFX is a member of the United Kingdom’s Financial Services Compensation Scheme (FSCS), which protects clients when authorised member firms fail. This means you could be entitled to compensation of up to £85,000 in such a scenario.
ATFX is also a member of the UK Financial Ombudsman Service (FOS), which helps settle disputes between businesses providing financial services and their clients.
Is ATFX regulated?
Yes, ATFX is regulated globally by several authorities to protect you and your funds, including:
- The Financial Conduct Authority (FCA) in the UK
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Authority (FSA) in Saint Vincent and the Grenadines.
Do I have to verify my account with ATFX?
If you want to open a demo account, you won’t have to verify your account. The demo account operates in real-time and allows you to test, develop, and optimise different trading strategies.
However, if you wish to trade live, you will have to undergo a KYC (Know Your Client) procedure, which requires you to verify your account and private data, including uploading proof of your current permanent residence, a recent photo of yourself, and a copy of your national ID.
Extra information
Educational resources
ATFX has an entire section dedicated to learning and tutorials. On the main page, under the Learn to trade tab in the Education and Tools section, you can find various resources, including trading webinars and seminars, educational articles, and a trading strategies sub-section reviewing various popular trading techniques used today.
Tools and charting
ATFX integrates the MetaTrader 4 platform, which offers a wide range of tools, including more than 30 technical indicators and trading signals, and dynamic charting which allows you to set up your own parameters and display options to create a tailored trading experience.
It also comes equipped with different order types like stops, limits as well as automatic price entries, that are designed to give you an edge in the market.
Customer support
Customer support with ATFX is available on a 24/5 basis (Monday-Friday). You can contact ATFX support through the mail, telephone, or via a direct live chat option, so you can resolve all of your inquiries as quickly as possible.
Our verdict
Originally launched in 2015, ATFX is a regulated CFD broker for professional and beginner traders alike. It offers over 200 CFD assets to trade, including indices, forex pairs, commodities, stocks, and even some cryptocurrencies.
It offers three different types of accounts as well as a free demo account, which is combined with full integration of the MetaTrader 4 platform for a powerful offering. The maximum leverage offered to non-professional account holders is only 30x, which is lower than other similar platforms, but this also makes it a safer platform to begin trading with and refine your skills as a trader without blowing up your account.
Although it doesn’t charge an inactivity fee or any deposit and withdrawal fees, it does require a minimum deposit of $100 to start trading live, which is on the higher side among CFD brokers. But, all in all, ATFX is a professional CFD broker with good customer support, decent trading volumes, and great educational resources.
How to open an account with ATFX
- Click the “Start Trading” button on the homepage
- Enter your personal details, such as name, email, trading account currency and click “Next”.
- Upload your personal identification documents, such as a primary photo ID, secondary ID with your residential address, and a selfie photo.
- Enter your financial details, including whether you would like to deposit funds from a credit card or e-wallet.
- Answer a few questions about your level of trading experience and knowledge, and acknowledge that all of your information is accurate.
- Once your account info is verified you will be ready to deposit funds and start trading live!
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