However, ATFX has a smaller selection of tradable instruments as opposed to Roboforex as it does not permit ETF trading. ATFX only offers the MetaTrader 4 platform, as opposed to Roboforex which also offers its proprietary trading software. The broker does not charge a withdrawal fee on withdrawals from USD 100 and more to debit/credit cards and electronic payment systems.
What did our traders think after reviewing the key criteria?
There are always investment opportunities in the FX market, if the investor is optimistic about the trend of a particular currency, they may go short/sell or go long/buy it. Each investor needs a forex trading platform to access the markets to trade forex. To be on the right track, brokers recommend that beginners use demo trading until they are confident that they have developed a profitable system of placing trades. A first-time trader should not use real money to make their first trades or try a new trading system. Even very experienced traders use dummy accounts to experiment with a new strategy or improve on an existing one.
ATFX Vs Other Brokers
Brokers that are FCA-regulated have to comply with certain standards aimed at protecting users. According to the FCA, ATFX is allowed to operate in the UK but not in the US, Belgium, or any other country where such type of trading would go against local law or regulation. ATFX is regulated by several regulators including The Financial Conduct Authority (FCA) which is the most trusted regulatory agency in Europe together with CySEC. ATFX is also regulated by the Cyprus Securities and Exchange Commission (CySEC), and Market in Financial Instruments Directive (MiFID). More useful information about the broker can be found under trader forums. For enhanced trader confidence, Trading Central is part of three associations for Independent Research Providers, including Investorside Research, Euro IRP, and Asia IRP.
Popular Forex Guides
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.
This is no surprise, as most brokers require $200 – $250 minimum deposits. If you are looking for a cheaper option, you can try IQ Option, where you can start trading with only $10. Overall, ATFX does not charge any deposit and withdrawal fees and offers a fair selection of payment methods.
Forex Trading
Its Facebook page presently has over 47,000 followers, and its U.K. The straightforward yet sophisticated MT4 platform has a desktop, mobile and web-based application. The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots. Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors.
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. The ATFX withdrawal methods are the same as their deposit methods. Usually, you will be asked to withdraw the same way you deposited. ATFX also requires you provide identification documents before you make your request to withdraw, like most regulated brokers.
- His insights into the live market are highly sought after by retail traders.
- Take the time to explore the platform’s educational resources, tutorials, and user guides.
- It is important to note that between 74-89% of retail investors lose money when trading CFDs.
- After I start using ATFX, I have never changed to other platforms.
Trading accounts will not be credited until the funds have cleared. ATFX provides a list of default leverages for clients that can be found in its Trading FAQ section. Regulated in the UK, the ATFX group grew quickly, focussing on customer service and keeping trading costs low.
With an intuitive interface, real-time market data, and advanced charting tools, Plus500 makes it easy for traders to make informed decisions. The broker also offers a free demo account, allowing new traders to practice and improve their skills without any financial risk. Offers a decent range of trading account types that should suit most traders. 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.
Mr. Alejandro Zambrano who has over 12 years of experience as a professional trader and has been recognized by CNBC, Reuters, and Bloomberg. His specialism lies in both technical and fundamental analysis, and the strategies he teaches aim to enable clients to navigate the financial markets while minimizing risk. Finally, research the platform’s customer support responsiveness and the educational resources available, as these can greatly atfx broker review enhance your trading experience and help you stay informed and empowered. By carefully evaluating these key factors, you can confidently choose a forex trading platform that will support your trading goals and needs. You experience STP access when trading forex online via the MT4 platform and your ATFX live forex trading account. Your trades are cleanly routed directly to the market as soon as possible without any broker interference.
Right at the top of the page, you will be able to see two buttons suggesting you to either open a demo account or to open a live account. We recommend starting from the demo account so please click on the right https://forexarena.net/ side button saying “OPEN DEMO ACCOUNT”. Once you have done that, you will be required to provide your full name, email address and phone number. The whole process should take between ten and fifteen minutes.
In addition, the company offers a mobile application, giving users the convenience of trading on the go. Clients also enjoy 24/5 customer service from a team of experienced experts. The broker provides its professional clients with the ability to invest in a range of assets via the company’s user-friendly platform that supports the MetaTrader 4 software.
Instead, there are webinars and there is ready information for contacting customer support. There are some sections with FAQs, such as those related to trading. Overall, however, there is no convenient way to find information on other FAQs. It would be nice to have a dedicated section for information such as this. It would make it easier to open an account, fund the account, and do basic troubleshooting without contacting ATFX.
However, if the customer withdraws a lower amount, the broker’s fee is USD 5. It’s important to note that payment systems may charge additional withdrawal fees, which can vary depending on the location and currency. The most common way of withdrawing funds from the platform is through wire transfers, which can generally take up to 7 business days for the funds to arrive. Alternatively, clients can withdraw funds with Visa and Mastercard cards or via electronic payment systems, such as Skrill and Neteller, which are usually much faster. However, it must be said that the withdrawals to debit/credit cards and to electronic wallets are only performed in US dollars, as opposed to the bank wires. ATFX offers customer support through various channels, including live chat, email, and phone support.