ATFX Review 2020 Must Read Before Opening an Account

The company offers over 200 financial instruments to trade with, including a range of forex pairs, and CFDs in indices, commodities, cryptocurrencies, and shares. For starters, we have the ATFX Demo Account, which gives traders a risk-free way to put the trading platforms and trading conditions to the test. Demo Accounts come loaded with some $100,000 in virtual money.

There are some key difference in the qualification and the underlying offering of each which you will see in the image below but we will touch on the main focus areas. On the upside, as a UK regulated broker ATFX also offer Spread Betting to local users across a range of markets. Whilst the range of products on offer from ATFX UK is little a more specialised than some, what they do focus on they do very well. ATFX review their costs relatively often and offers a highly competitive overall costs package regardless of the account type. If you are able to qualify for the Edge account you will be getting the very best of what they have to offer. The company charges no fees, and the request is typically processed within 24h.

How do I open an account on ATFX?

They are also available for download in the Analysis section of ATFX. They include a number of older reports so you can view historic information. As with the market reports, the Fundamental Commentary is from a third-party and ATFX does not take responsibility for accuracy. ATFX does not take any responsibility for the completeness or accuracy of the reports. Even so, the inclusion of the reports for ATFX clients is an incredibly useful tool.

I prefer ATFX as they offer a wide range of products and advise better than anyone and best of all with excellent service. I have worked with other brokers and definitely none have given me the experience that ATFX has, switching to ATFX has been the best decision I have ever made. The company doesn’t disclose financial information and isn’t listed on any exchanges. We had mixed experiences about its speed, though; on one occasion, we had to wait 30 minutes for an agent to be connected, while in another test, the response time was excellent. When we tested the phone service, we couldn’t reach any operators on the day before a UK banking holiday.

Their main objective always has been to ensure that their platform is simple to use and they have the best of technologies including MetaTrader 4 Software to support. The platform is available as both downloadable and installable software, or as a web-based service. When it comes to the wide range of products that traders can trade on, you will be pleased to know that you can choose between FX majors, FX Minors, FX Exotics, Metals, Oil, Indices, and CFDs. The platform they use for trading is MetaTrader 4 with support for Windows, iOS, and Android, as well as a WebTrader.

Does ATFX Offer a Demo Account?

ATFX is also regulated in the Middle East and North America, and falls under the regulation of CySEC in Cyprus, making it an EU-compliant broker. Founded in 2014, ATFX was created to serve the global financial community of investors in Forex, CFD, bullion, and commodity trading. All of these instruments can be executed on one platform and offer the best opportunities to all investors. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.

It also has some other fantastic features, such as multiple account types and various trading platforms. If you’d like to find out more about how reliable the platform is, then it’s definitely worth checking out our Fusion Markets review over on TradersBest.com. With certain account types, ATFX does not charge a commission on the profit or loss of traders. The standard and edge account both don’t charge commission while still offering competitive spreads.

First up, Fusion Markets offers the MetaTrader 4 platform for desktop users. Anyone familiar with forex or CFD trading will know that MT4 is arguably the market leader. It offers a huge number of professional-level tools as well as myriad charting options.

Fees

These countries include, but are not limited to, the USA, Canada, Japan, Iraq, Iran, Syria and more. It is recommended to personally reach out to ATFX regarding this potential issue before attempting to open any accounts. Atfx drift carOn that day, local internet and industry celebrities, influencers, mainstream media, and important guests from the drift field gathered for the ceremony.

ATFX is a company that is regulated by the Financial Conduct Authority . You do this by clicking a link that is sent to you as soon as you register. After this, you will need to upload your ID or passport and a proof of residence. The Daily Market Reports offer a well laid out summary of market events and some trading opportunities. Customer support with ATFX is there on a 24/5 basis (meaning all day Monday – Friday).

The professional account does not, however, offer negative balance protection, as the retail accounts do. ATFX is a regulatedForex Brokerbased in the United Kingdom, specifically in London.This broker allows trading with a wide variety of markets, including Forex, CFD, and raw materials. There are various types of accounts available for all sorts of clients, even for professionals. There are different account types available for traders who want to start with ATFX. This is a good option to get tighter spreads or different leverages.

Our best alternatives to ATFX are:

You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. I made a deposit of $500 with ATFX on May 15 and since then I’ve made $1550 profits trading oil. I requested a withdrawal on June 1, but until today, they’re unable to process it.

There currently are webinars available in English, Spanish and German. You will then get an email to remind you to attend the webinar at the indicated time. Trading is very https://forexarena.net/ 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.

The good news is that the platform gives you plenty of choice. You can use your Visa/Debit card, PayPal, wire transfer or several e-payment options, such as Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, and Online Naira. The only thing worth noting is that if you deposit via wire transfer from a bank account outside Australia to the platform’s domestic deposit account, you’ll pay a fee of A$20 – A$30. When it comes to the initial Fusion Markets experience and rating, the platform scores pretty highly.

The company is based in the United Kingdom and shows us high transparency in their trading offers. In ATFX, forex traders will find that spreads and commissions depend on both instruments and account,s the same situation as many other brokers. The minimum spreads are reserves for premium account users, while they also need to pay a commission. The other two types of account have not commissions, but the spreads level are higher.

This account allows traders to trade on all instruments with higher leverage as long as they meet the threshold to qualify as an elective professional, . Alongside the previously mentioned benefits, Premium account grants quarterly catch-ups with the chief market analyst, MT4 indicators and invitations to ATFX events. Reduces the spread to do 0 pips for a $25 per mio per side commission. MT4 offers a wide range of chart analysis tools, including more than 30 indicators and technical analysis tools. Set your own parameters, display options and chart types to create your own tailored trading experience.

ATFX forex fees are low, beating those of its closest competitors for all currency pairs. We were also impressed with the referral scheme the platform has in place, offering users the chance to earn commission if friends and family sign up to the site. Finally, Fusion Markets also offers the MT4 trader as a downloadable mobile app, available for both Android and IOS devices. Overall, we found the Fusion Markets very easy to use and believe it will be suitable for both new and experienced traders.

The license by CySEC guarantees EU access to the company, while the EEA enables the company to provide its services to all EU nations. ATFX also provides an additional layer of protection in the form of The Financial Services Compensation Scheme coverage. ATFX provides its users with an affiliate program that is simple and easy to use without any complications, which helps boost both their business atfx trading platform as well as their clients. Through this, you’re able to refer new traders to their platform and receive rebate type rewards for it. Beginners can make use of this tool to get practical experience of trading on the financial market without putting their funds at risk, while professionals can use it to test out strategies. Hello everyone it is possible to retrieve your stolen bitcoins.

ATFX only charges spreads, the difference between the bid and ask prices. The ATFX educational programme is aimed at making sure clients have all the resources they need to make informed trading decisions. In the UK, Financial Conduct Authority regulates the activities of ATFX. Retail clients registering with ATFX come under the monitoring agency’s Investor Compensation Fund in Europe and the Financial Services Compensation Scheme in the UK. The Compensation schemes protect retail investors up to €20,000 and £85,000 respectively if the broker goes into administration. ATFX, formerly Positiva Market Ltd is a CFD and spread betting broker operating from London.

The platform can be downloaded on your desktop, as well as on your mobile and it only takes a few minutes. In addition, ATFX offers you the option to launch the platform on your browser. One of the advantages of ATFX is the ability to trade the MT4 via the user’s dashboard.

• Education and market analysis are strong and spreads are relatively tight compared to other brokers of a similar type, though only the MT4 trading platform is supported.
• From bank transfers to electronic wallets, you have many options for deposit and withdrawal, and they’re all free of charge.
• On the flip side, the support team are very proficient and the trading platform MT4 has a well-earned reputation for being robust and reliable.
• In the unlikely event of ATFX insolvency, segregated client funds cannot be used for reimbursement to ATFX creditors.
• Edge – minimum balance of £$€5,000 with a benchmark spread currency pair of 0.6 pips is required.

But the best news is that there are no fees attached whatsoever, depending on which option you choose though. If you go with Neteller, they may be a 4% commission due to the platform policy and not the broker policy. ATFX offers a range of research tools, which include Trading Central, an economic calendar, and a quarterly market outlook. This reduces intervention from ATFX as a broker, which likewise improves the transparency of trading conditions and improves the trading environment. These are divided into categories, such as forex majors, minors, and exotics.