ATFX Review 2024: Is it Safe or a Scam? All the Pros & Cons – Wheatley School

ATFX Review 2024: Is it Safe or a Scam? All the Pros & Cons

ATFX adopts https://traderoom.info/atfx-a-reliable-broker/ a popular business model, whereby the company has installed various services to ensure that it provides a competitive product that is able to stand on its own. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.

What about the minimum deposit?

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. ATFX offers demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the system and yourself and your trading strategies.

  • I rank the research at ATFX among the highest quality services as it features actionable trading recommendations by Trading Central and Autochartist.
  • His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
  • This will empower you with the knowledge necessary to determine if ATFX aligns with your trading goals, positioning it as a potential brokerage service provider of choice.
  • The time of withdrawal can take up to 2 business days for credit cards, but the process may be much faster with electronic wallets.
  • The minimum deposit is $500 but spared is same as standard account that starts from 0.5 pips.

ATFX Google Play Android Trading Platform

On the Standard Account, minimum spreads on the EUR/USD start at 1 pip and the AUD/USD at 1.1 pips. Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience. ATFX segregates client funds in reputable financial institutions and is regulated by top financial authorities. You can fund your account using e-wallets, credit/debit cards, and bank transfers.

ATFX versus other brokers

Every trade involves risk, so approach your trading with care and never invest more than you can afford to lose. Still, I rank ATFX among the best Forex brokers for beginners, as it offers excellent research and education. My comprehensive analysis of the ATFX trading environment covered all core aspects.

  • If you are looking for tighter spreads, then the Edge Account promises as low as 0.6 pips on the major currency pairs, yet it does have a higher minimum deposit of £/€5,000.
  • If trading forex pairs is of interest to you then ATFX offer over 45 currency pairs.
  • ATFX’s Standard account offers commission-free trading with floating spreads starting from 1.8 pips.
  • Customer support is available via live chat, email, and phone, with dedicated hotlines for specific regions.

Inactivity fees aren’t just charged by broker firms but also many financial services. Generally, ATFX doesn’t charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller amount.

ATFX Fees

The broker goes to great lengths to understand what traders need. The agent also gives a variety of platforms for all types of traders. ATFX helps to ensure that the individual needs of all traders are met to the best of their capabilities. They features trading on MT4, Mac, Web Trader, Tablet & Mobile apps.

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The report has sentiment figures related to both small and large players. 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. MetaTrader 4 for Windows has multilingual trading support plus multi-currency support.

Can you trade energies with ATFX?

We remain committed to improving our clients’ experience every day.Best regards,ATFX Customer Support Team Dear Sandi Sibulali,At ATFX, we are dedicated to providing exceptional service and ensuring our clients’ needs are met with care and attention. Dear Mashele Brilliant,At ATFX, we are committed to providing exceptional service and ensuring our clients’ needs are met with care and attention. Multi-award-winning broker known for outstanding financial services by our clients and industry experts ATFX has made a name for itself in the forex broker industry due to the many awards it has received over the years.

However, non-trading fees charged by ATFX are relatively competitive. Consequently, you are charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. ATFX also features excellent trading conditions that are readily available to all and not just an elite class of institutional clients. The tight spreads and quick executions are a great benefit for all traders. The technology embraced by ATFX is of the highest caliber, making sure that it’s fast, reliable, and effective.

Markets are dynamic, and successful trading requires an understanding of both technical and psychological elements. With ATFX as your broker, you’re supported by a firm committed to your growth, offering the tools, platforms, and regulatory security you need to pursue your trading goals confidently. The broker also offers competitive trading fees, access to a wide range of trading tools and educational materials, and the chance to trade wherever and whenever you want. The more our review experts explored ATFX, the more it because clear that this is an excellent broker for both UK and EU forex traders. The strict regulations that ATFX adheres to improves that the broker is transparent and reputable, and their execution policy ensures that your trading conditions are always clear and above board. On the Standard, Edge and Professional accounts, our reviewers found that AFTX does not charge any commission as fees are incorporated into the spread.

The main aim of ATFX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with ATFX.As a ATFX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like ATFX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like ATFX.

But, just like all online trading platforms, it is important to note that traders can also lose money. For this ATFX broker review we tested the customer service options including response times, and on the ATFX trading platform problem solution effectiveness. ATFX support a wide range of languages including English, and Chinese

Additionally, look at the brokers transparency in their operations, a reputable broker should be clear about its pricing, services, and policies. If you value the safety of your funds, it is essential to work only with regulated and well-verified brokers. Avoid ATFX to prevent substantial losses, and choose reputable platforms to secure your investments long-term. In short, Forex brokers like ATFX acquire their clients through third-party affiliates, which are a scam industry in themselves. These affiliates create websites featuring celebrities or high-return promises to collect your contact information.

While the broker has a good TrustPilot rating of 3.5, it doesn’t provide services to retail clients any longer. ATFX provides reliable and accessible customer support available 24 hours a day, five days a week, through multiple channels including live chat, email, and telephone. Always check the most up-to-date list on the website or contact the company’s customer support for specific country restrictions.