ATFX Review 2024: Is ATFX Scam or Legit Forex Broker ️
As such, with ATFX, investors are provided with access to over a hundred CFD financial instruments including Forex, Precious Metal, Crude Oil, Indices, and Shares. To open a demo account, first fill out a simple registration form by entering your name, email address, telephone number and country of residence, along with the virtual trading amount. Once you’ve done that, check your email for the login details of your demo MT4 account, download the platform and start trading. The company also maintains offices in offshore locations in Mauritius and St Vincent and the Grenadines. These entities are not as well regulated, although you can access higher leverage ratios when trading through them. Non-UK traders will need to be aware that they may be charged a small fee for debit and credit card deposits.
What is the minimum deposit at
Pending order options include Buy Limit, Buy Stop, Sell Stop, and Sell Limit. All pending orders connect to company instructions within the server. The pending order is triggered, then transacted and executed in the https://traderoom.info/ form of a market order. It is important to remember that pending orders do not have guaranteed execution at their original price. Market orders are sent to the market, then executed at the market’s tradeable price.
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- There are more than 50 indicators as well as over 30 tools to analyze charts.
- There is then an economic calendar that you can access at any time.
- ATFX takes a tailored approach to trading conditions which vary depending on the asset being traded.
- The Trading Central is one of the most efficient data analysis providers for forex and CFD traders.
- To this end, the broker regularly attempts to enhance the options for depositing and withdrawing, making the process secure, highly efficient, and easy to use.
Such accounts are a good way to understand how to read charts and experiment with different trading strategies. The good thing about demo trading is that you can use all the same tools and mechanics you will still encounter while trading with a real account. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
ATFX Cost and Fees, Commissions, and Spreads
In the rare case of an unresolved complaint, clients can sometimes refer to the FOS. This independent body has the purpose of investigating complaints made against regulated firms. The FOS will investigate your complaint and deliver a response.
How much money should I deposit when I begin?
Finally, it is important to note that ATFX does not charge any deposit fees for most of its deposit methods. However, it’s important to note that some payment systems may charge their own fees for deposits, which can vary depending on the location and currency. For example, if a client chooses to deposit funds via Neteller, they may be subject up to a 4.4% deposit fee. It’s worth noting that ATFX operates on a variable spread model, which means that spreads may vary depending on market conditions. Additionally, swap charges may apply to positions that are held overnight, and these charges can vary depending on the currency pair being traded.
ATFX offers a variety of two account types – the Standard account and the Edge account. Here are some of the main differences between the two accounts. It is currently owned and operated by AT Global Markets and is registered at the 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. The broker is regulated by FCA, CySEC, MiFID and authorized to offer its services in EEA countries.
The broker showed potential in recent years, which is why we decided to test and review it. ATFX is a regulated broker with an innovative and proactive approach compared to other forex and CFD brokers in the industry. However, because the broker is regulated by the CySec, FCA, SVGFSA and FSC, there is a high chance that it is not a scam. With that being said, it still does not mean that ATFX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Following execution, the information regarding the transaction will go to the MT4 platform. The execution price for market orders is influenced by the amount of liquidity from banks and if it is enough. Remember that the MT4 platform will send the transaction instructions to the given https://traderoom.info/atfx-a-reliable-broker/ MT4 server. Following processing, funds will usually clear between 1 and 3 working days. International bank wires typically require 3 to 5 more working days to appear in your account, depending on the bank. Refunds to debit and credit cards typically finish processing in 2 to 5 days.
It also includes the main strategies and technical for traders, whether they are contrarian or conformist. The mobile trading platforms for ATFX are also versions of MetaTrader 4. You can download an application for either Android or Apple devices, allowing everyone to trade on the go.
For retail and professional inquiries regarding AT Global Markets (Australia) Pty Ltd, kindly reach out to us at [email protected]. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. It is a trustworthy brokerage firm regulated by two reputable authorities, the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).