ATFX Review 2023: Is ATFX Scam or Legit Forex Broker ️

You can also trade cryptocurrency, with Bitcoin, Ethereum, Litecoin, and Ripple all available. The exact trading conditions are listed separately for each currency pair at the site. The four retail accounts offer plenty of choice for individual traders. For traders who meet the right criteria the broker also offers a professional account.

It is designed to help you develop an effective trading strategy to make long term profits. If you wish to find out more about what ATFX is, what they offer, their fees, trading platform, atfx trading platform regulation and so on, we recommend reading this review. When it comes to spreads though, as already mentioned, they’re floating so it’s hard to pinpoint the most accurate version.

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that Admiral Markets holds 4 global Tier-1 licenses, while ATFX holds 2. Admiral Markets holds 2 global Tier-2 licenses, while ATFX holds 0. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Admiral Markets offers better pricing overall for traders.

While its primary market is in the UK and European markets, it has been gradually establishing a foothold in South East Asia and Middle Eastern countries. All withdrawal methods require up to one day of processing time, but deposits using cards and e-wallet is usually processed within 30 minutes. Also, they’ve added Autochartist analytics to their WeChat Account for their Chinese clients. AT Global Markets (UK) Limited was founded in 2017, and has its registered office in the financial hub of London, in City. Its office is located on the 1st Floor, 32 Cornhill, in London, and it’s regulated by the FCA in the United Kingdom. Must be really good otherwise there’s no chance of getting these many 5 star reviews.

What exactly does ATFX offer products-wise?

According to our database, 92% of forex brokers allow you to trade U.S. stocks as a CFD, while only 28% allow you to own the stock itself. Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities. 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.

  • Best CFD broker for me, I’ve been trading for several months with ATFX, their client service is awesome and the deposits & withdrawals are fast, also safe.
  • Instead, the company emphasises their goals quite modestly by providing competitive pricing.
  • Or maybe you are a beginner forex trader who is just getting started.

Customer support is also good, along with market analysis, educational resources, and research materials, which are crucial for beginners and experienced traders alike. Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds.

ATFX training provide many educational resources, including daily webinars, one-to-one coaching, a dedicated forex education centre, and advanced education for Premium account holders. The ATFX educational programme ensures that clients have access to the knowledge they need to be successful with online trading. ATFX provides award-winning customer support, having been chosen as the broker with Best Customer Service in 2019, by ADVFN. The broker offers award-winning customer support, having won the Best Customer Service award from ADVFN in 2019. Customer service is available in several languages and support professionals seem very dedicated to building and maintaining client relationships. While some say that ATFX do not offer a proper selection of trading accounts, this is far from the truth.

Market News

Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test trading on the go. It is a trustworthy brokerage firm regulated by two reputable authorities, the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). These authorities enforce strict rules and guidelines to ensure that ATFX operates according to high standards. The broker has won several awards for providing good service and prioritizing customer satisfaction. The screenshot below displays some of the awards that ATFX has received.

ATFX Trading Platforms

MT4 is a well-known platform in the trading industry, known for its advanced features, user-friendly interface, and efficient trading tools. Our proprietary Trust Score rating system tracks data from over 100 regulatory jurisdictions to help forex traders understand the regulatory status of their forex broker and choose a broker that they can trust. 92% of the brokers in our database (60+) offer Visa/Mastercard, 78% offer Skrill, 70% offer Neteller, and 44% offer PayPal.

Deposits & Withdrawals

Check out our visual breakdown below to get an idea of how ATFX’s status as a High Risk broker compares to the average Trust Score label in our database of 60+ forex brokers. Yes, you can open an account with ATFX if you are residing in Hong Kong. However, the broker does not offer its services to residents and US citizens due to the stringent laws which prohibit CFD trading on both domestic and foreign platforms. Besides, ATFX also does not provide services to politically-exposed countries such as North Korea, Syria, Iran and a few others.

Best forex brokers for different styles of trading

Before we even touch the trading conditions, we need to focus on the website itself and determine if it’s user-friendly and allows beginners to get around easily. ATFX, formerly Positiva Market (CY) Ltd is a CFD and spread betting broker operating from London. The firm is the subsidiary of ATFX Global Markets (CY) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). ATFX provides a Forex Education Centre, where you can develop your trading skills with the broker’s free education resources. Find e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies, and more. ATFX offers a range of research tools, which include Trading Central, an economic calendar, and a quarterly market outlook.

ATFX Minimum Deposit

However, if you are planning to use a non-UK-issued card, there might be some small fees. While the Edge and Premium accounts offer free VPS to clients, standard account holders do not enjoy this privilege. ATFX has heavily invested in providing market analysis and trading educational tools to its clients. However, the Bitcoin CFD spread starts from 40 pips, which sounds like a lot, but is rather competitive in the industry. Nonetheless, traders can trade Ripple (XRP) CFDs for as low as 0.5 pips spread. ATFX continues to improve because of the recognition and trust of our customers.

ATFX takes the safety of client funds seriously and as a financial service provider under the UK’s regulatory authority, it keeps client funds segregated from its business and operational funds. Client funds are held in segregated accounts in top-tier UK banks. Moreover, ATFX is a member of the Financial Services Compensation Scheme (FSCS), which means your investment is fully guaranteed, up to £85,000 by the FSCS. Spread bets and CFDs are complex instruments and come with a high risk of losing money
rapidly due to leverage. The vast majority of retail client accounts lose money when
trading CFDs. You should consider whether you can afford to take the high risk of losing
your money.