ATFX Review

ATFX is a Forex and CFD broker associated with AT Global Markets, a global investment holding company. With a focus on delivering an unparalleled trading experience, ATFX prides itself on being regulated by top-tier financial bodies, ensuring clients can confidently trade CFDs and forex. Their client portal is not just any ordinary system; it's state-of-the-art, boasting top-notch encryption for added security.

Jumping into the future, this 2023 review of ATFX's forex broker platform leaves no stone unturned. From exploring the trading platform's features to scrutinizing account safety and security and even delving into the leverage rates, it's all laid out here.

Supported Countries

ATFX opens its doors to a wide range of global participants, welcoming those from Albania, Andorra, Argentina, Austria, Barbados, Belize, Brazil, Bulgaria, Cambodia, Chile, China, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Finland, French Guiana, French Polynesia, Georgia, Germany, Gibraltar, Greece, Greenland, Grenada, Honduras, Hungary, Iceland, Indonesia, Ireland, Italy, Jamaica, Jordan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Monaco, Mongolia, Montenegro, Myanmar, Netherlands, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Portugal, Republic of Korea, Romania, Serbia, Singapore, Slovakia, Slovenia, Spain, Suriname, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, United Kingdom, Uruguay, Vietnam.

However, it's important to note that ATFX has some limitations. Unfortunately, in certain countries, like Canada (Provinces of British Columbia, Quebec, and Saskatchewan), Japan, the Democratic People's Republic of Korea (DPRK), Iran, and the United States of America (USA), residents won't be able to access their services at this time.

ATFX Trading Platforms

ATFX, unfortunately, offers its clients access to just one trading platform, which may be seen as limiting compared to other brokers that provide multiple choices. This forex broker offers the popular MetaTrader 4 (MT4), which has pros and cons.

• ATFX MetaTrader4: With the ATFX MT4 download, traders can enjoy the convenience of trading on various mobile devices, and the Windows version offers multilingual and multi-currency support. The MT4 desktop version caters to different trading styles thanks to its customizable libraries, custom indicators, and scripts. Over 2000 indicators and 30 chart analysis tools empower users to personalize their trading experience. They can tweak display methods and parameters for each chart and indicator to suit their preferences. MT4 offers Expert Advisors (EAs) for those who prefer automated trading strategies. It's known for enhanced trading speeds, stability, and robustness. While it's worth mentioning that ATFX doesn't have MT5, they do offer a nifty alternative. Traders can opt for the MT4 platform with a convenient WebTrader plugin to optimize web-based performance. This plugin boasts one-click trading, real-time information, and advanced charting.

Type of Trading Accounts on ATFX 

ATFX trader forex offers multiple account types catering to traders of various experience levels and preferences. Each account has a range of benefits and features tailored to meet their individual trading needs:

• ATFX Demo Account: For those looking to dip their toes into the world of trading or to try out new strategies risk-free, ATFX has a demo account. This virtual account allows traders to familiarize themselves with the broker's offerings and platform before venturing into live trading.

• ATFX Micro Account: Designed as a stepping stone for beginners, the Micro Account provides a live trading experience with manageable risks. Traders can explore the markets with competitive spreads starting from 2.6 pips, leverage up to 1:400, and lot sizes from 0.01. The absence of commissions, along with one-click trading and trading from charts, makes it convenient for beginners to get started.

• ATFX Classic Account: With a minimum opening balance of $1,000, the Classic account bridges the gap between simplicity and sophistication. Traders can access competitive spreads starting from 1.8 pips, leverage up to 1:400, and lot sizes ranging from 0.01. Similar to other accounts, no commissions are charged, and one-click trading is available.

• ATFX Premium Account: The Premium account offers a step up with tighter spreads, starting from 1.0 pip, and leverage up to 1:400. Traders can enjoy one-click trading, unlimited simultaneous open orders, and a maximum trade size of 20 lots. Notably, traders opting for this account are treated to a free Virtual Private Server (VPS) for seamless trading and access to the Full Trading Central Analysis Suite and private ATFX events.

• ATFX Raw Account: For more experienced traders, the Raw account demands a minimum balance of $10,000 but comes with its perks. Expect lightning-fast execution, tight spreads starting from 0.0 pip, and a commission structure. The account also offers access to the trading academy, newsletters, analysis, and a free VPS.

Trading Denominations on ATFX 

ATFX allows its clients to denominate their accounts in three major currencies: USD, GBP, and EUR. This flexibility allows traders to choose the currency that best suits their preferences and trading needs. However, compared to other brokers offering a more extensive range of account denominations, ATFX's currency options may be considered limited.

Company Structure

The ATFX Group boasts global recognition as a regulated broker with a widespread presence across various territories, including Europe, Asia, Latin America, and the Middle East. 

ATFX is a co-brand shared by multiple entities, each authorized and regulated in their respective jurisdictions. These entities include AT Global Markets Intl Ltd, regulated by the Financial Services Commission in Mauritius; AT Global Markets (UK) Ltd, authorized and regulated by the Financial Conduct Authority in the United Kingdom, ATFX Global Markets (CY) Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission, and AT Global Markets (SC) Limited, licensed by the Seychelles Financial Services Authority.

The company is constantly growing and evolving with an ever-expanding team of over 450 staff members who speak 20 languages, operating from 14 offices. With a dedication to attracting top talent from around the globe, ATFX continuously seeks passionate, talented, and creative individuals to join its dynamic team.

ATFX Licenses and Regulatory Compliance

ATFX is a brokerage firm known for its regulatory standing across multiple jurisdictions. Here are the key regulatory authorities and their corresponding license numbers:

• AT Global Markets Intl Ltd: Authorized and regulated by the Financial Services Commission of Mauritius with license number C118023331.

• AT Global Markets (UK) Ltd: Authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555.

• ATFX Global Markets (CY) Ltd: Authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 285/15.

• AT Global Markets (SC) Limited: Licensed by the Seychelles Financial Services Authority as a Securities Dealer with License No. SD093.

• EMERGING MARKETS: Regulated by the Jordan Securities Commission authority as an Introducing Broker with license number 643, serving as the regulated entity in the Hashemite Kingdom of Jordan.

ATFX Customer Protection

ATFX takes regulatory compliance seriously, ensuring transparency, client protection, and adherence to industry standards in all the markets they operate. In the UK, ATFX prioritizes the safety and reliability of its trading environment by utilizing leading data encryption technology for data management, all in accordance with the UK's FCA regulations.

ATFX holds them in segregated accounts to further safeguard client funds, separate from the company's finances. This measure ensures that in case of insolvency, client funds remain protected and cannot be used to reimburse creditors. Additionally, AT Global Markets (UK) Limited is a member of the Financial Services Compensation Scheme (FSCS), providing further protection to its clients. Under this scheme, investments up to £85,000 per person are covered, offering an added layer of assurance for traders.

Customer Service

ATFX emphasizes ensuring its clients have various avenues to connect with their Customer Support staff. They have taken measures to cater to different preferences and make assistance easily accessible. Clients can reach ATFX's Customer Support via an international phone number: +44 203 957 7777. For those who prefer written communication, ATFX offers a Global email contact..

Trading Information

ATFX takes a tailored approach to trading conditions which vary depending on the asset being traded. ATFX provides an updated list of trading conditions for each asset to ensure convenience and transparency. Specific trading conditions for those interested in spread betting are outlined for FX majors, FX minors, metals, oil, and indices.

One noteworthy aspect of ATFX's trading policy is its No Dealing Desk approach. By adopting this strategy, ATFX minimizes intervention as a broker, improving transparency in trading conditions. Regarding costs, ATFX offers commission-free trading, which means traders don't have to worry about paying additional charges when executing trades. 

Tradable Instruments

ATFX offers its clients diverse financial instruments, empowering them to create a well-rounded and diversified portfolio. With access to an array of markets, clients can explore various opportunities within the following instruments:

• Forex

• Indices

• Commodities

• ETF CFDs

• HK Share CFDs

• US & European Share CFDs

ATFX Leverage

Operating within the guidelines set by FCA/ESMA, ATFX UK offers varying leverage options to cater to the needs of different clients. The maximum leverage for retail traders is 1:30, ensuring responsible risk management. However, subject to eligibility, professional traders can access higher leverage of up to 1:400, allowing for more flexible trading positions.

In terms of specific assets, the default leverage for FX exotics stands at 1:50, striking a balance between risk and potential returns. Precious metals, such as gold and silver, have a default leverage of 1:200, offering higher leverage for traders interested in these commodities.

Regarding indices, the default leverage is 1:100, providing a moderate leverage option for this asset category. The exception is the USDX, for which the default leverage is 1:50.

Deposits and Withdrawals

According to ATFX, the platform prides itself on offering clients a seamless and flexible process for depositing and withdrawing funds through its Client Portal. ATFX adheres to strict payment guidelines, as they do not accept third-party payments. Deposits must originate from the client's account, ensuring transparency and compliance with regulatory standards.

Deposits 

To facilitate deposits, ATFX offers multiple methods catering to different preferences. Traders can choose from options like bank transfers, credit and debit cards, and e-wallets, making the deposit process hassle-free. The best part is that ATFX does not impose any fees on deposits, enhancing the appeal of its services.

Withdrawals

ATFX prioritizes a client-centric approach when it comes to withdrawals. Notably, they do not charge any fees for withdrawals. To ensure security and compliance, ATFX requires clients' bank accounts to be fully verified before proceeding with a withdrawal. Withdrawal requests are promptly processed depending on the method used.

ATFX Trading Education and Training

ATFX is dedicated to empowering its clients with the knowledge and skills they need for successful trading, as evident from their extensive education center on the broker's website. With a clear vision and mission to equip traders with technical know-how, ATFX offers a rich array of educational and analytical tools.

• Trading Webinars

• Seminars

• Trading CentralTrading Strategies

• Market News

• Insights into Financial Events

• Economic Calendar

FAQs

• Is ATFX a Scam?

ATFX is a globally recognized broker, regulated in several jurisdictions, including being authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and other relevant regulatory bodies in different territories. Moreover, the reviews on Trustpilot, an independent review platform, provide valuable insights into the experiences of actual users with an overwhelming load of positive reviews. All of these suggest that ATFX is a reputable and trustworthy broker rather than a scam.

For more top brokers, make sure to check out our ICE FX review, Tickmill review and Key to Markets review.