ATFX Forex Brokers Reviews

On top of that, they’re also authorised and regulated by the Cyprus Securities and Exchange Commission and the Financial Services Commission. In other words, they are entirely legitimate and must abide and operate by a strict set of standards and rules. They are fast to respond – instant for many options, while something like email can take a few hours. They are also very helpful and knowledgeable, giving you serious answers for a serious platform. This is as simple as choosing which method is right for you, entering the relevant information and confirming.

When creating a demo account, you can select the amount of “funds” the account will have available to it. The minimum spread for Bitcoin is 40; for Ethereum, it’s 6; Litecoin is 5 and Ripple is 0.05. Opening an account is made very easy and the differences between the options are clear, such as Litecoin and Ripple being faster than the vastly popular Bitcoin, as one example. Although many investments are in some way a prediction of future value, these are different because you aren’t buying the underlying asset itself. Instead, this is an agreement to pay the difference in value between the buyer and seller. This makes the cryptocurrency offering here fundamentally different to a lot of alternatives.

ATFX

It charges no account, inactivity, deposit, or withdrawal fees. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. We also compared ATFX’s fees with https://traderoom.info/computer-programmers-at-my-next-move/ those of two similar brokers we selected, XM and ETX Capital. This selection is based on objective factors such as products offered, client profile, fee structure, etc. In the sections below, you will find the most relevant fees of ATFX for each asset class.

We’re going to start our ATFX broker review with their crypto trading offering in general. What’s really important to know is that it’s cryptocurrency CFDs which are available, and as far as we can tell, those are all that’s available. We couldn’t find times for each hotline, however, the two main options for customers in and out the UK are available Monday to Friday between 9am-5pm.

How to contact ATFX customer

The demo accounts offer the same features as live accounts, including access to all trading instruments and educational resources, enabling traders to experience the real trading environment. ATFX offers three account types with different trading conditions and deposit requirements. Spreads are relatively tight and, like most brokers, get tighter on the accounts with larger minimum deposits.

• In the case of bank transfers, your bank may charge you for transfers.
• It was really naive of me to think investing with ATFX was a clever way to invest money for the future,…, Bad choice!
• Past market reports are also available on the same page, including those from the last few months.
• While some say that ATFX do not offer a proper selection of trading accounts, this is far from the truth.
• ATFX is an international Forex broker, that has been licensed and regulated by FCA since 2017.

The European Parliament and Council adopted this on Nov. 1, 2007. MiFID regulates financial instrument markets for providing investment services as well as activities, specifically in the European Economic Area. This EEA includes all 27 member states of the EU in addition to Norway, Liechtenstein, and Iceland. ATFX is a broker offering the ability to trade a range of assets and aims to make their platform simple to use with support for the MetaTrader 4 software. ATFX prides itself on offering competitive pricing for clients. 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.

ATFX Withdrawals

The brokerage also offers educational resources, such as an online trading academy and tailored courses, to help traders develop their knowledge and skills. The customer service center at ATFX can be reached in a number of ways to resolve any queries or requests you might have pertaining to your trading account. You can either contact them via a live chat facility, by sending a quick email, or by giving them a call on a wide range of numbers listed on the site. ATFX offers one of the most secure, reliable, and trusted banking sections within the online trading industry, ensuring traders can transact on their accounts with peace of mind.

• If you are curious about the similarity between these three brokers, you should not miss this article as we will explore them from different perspectives.
• The operator was helpful and provided lots of insights to our questions.
• You can do it only if you change the default language of your mobile.
• Check out the current account balance requirements at ATFX in our What is the minimum account balance at ATFX article.
• Clients can reach out to them via phone, email or live chat on their website.
• In most cases, ATFX is able to resolve complaints early on.

With its commitment to exemplary client services, ATFX offers 24/5 live, localised support, free access to market research, and the highest level of protection for traders. The investors of today require deep liquidity, extremely tight spreads, anonymous trading, market transparency, low latency, and low slippage. However, it’s quite difficult to meet all these requirements from investors, especially the demands for trading execution and pricing.

Markets and products

Once you’ve done that you are free to trade as much as you want. 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. There is not much information provided on the supported countries. However, the broker is regulated in the European Union and MiFID, meaning ATFX can provide its service in most of the countries in the globe.

Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. While some say that ATFX do not offer a proper selection of trading accounts, this is far from the truth.

Non-Trading Fees

ATFX offers a wide selection of deposit methods to transact on your account, including Mastercard, Visa, Neteller, Skrill, Bank Wire Transfer, and NganLurong.vn. None of these deposit methods come with any additional fees, except for the Bank Wire Transfer option that will charge a fee on any deposit less than $1,000. The processing times on all deposit methods is instant, except for the Bank Wire Transfer option that can take between 3 7 business days to reflect the funds in your account. The minimum deposit at ATFX is $100, and traders simply need to choose their preferred deposit method, enter the amount they wish to deposit and click on “Deposit”. Additionally, ATFX provides several customer support channels, including live chat, email, and phone, to help traders with their queries and concerns.