ATFX Overview

ATFX Overview

A multi-award-winning online forex and financial markets broker, ATFX allows traders to buy and sell multiple asset classes as CFDs using the MT4 trading platform. The ATFX brand is also regulated in multiple jurisdictions.

Discover more about ATFX’s forex trading services and its offered conditions by reading this broker review.

ATFX Overview

ATFX Background & Safety

ATFX is a co-brand shared by a group of entities including AT Global Markets LLC (a Limited Liability Company), AT Global Markets (UK) Ltd, ATFX Global Markets (CY) Ltd, and AT Global Markets Intl Ltd. In 14 different nations, the ATFX Company hires more than 450 team members, covering Europe, South America, the Middle East and Asia.

ATFX operates in a well-regulated and highly governed sector of the financial services industry. AT Global Markets (U.K.) Limited in the United Kingdom is authorized and regulated by the Financial Conduct Authority (FCA); ATFX Global Markets (C.Y.) Limited in Cyprus is regulated by the Cyprus Securities and Exchange Commission (CySEC); AT Global Markets Intl Ltd is licensed by the Financial Services Commission (FSC) in Mauritius, and; AT Global Markets LLC is registered by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

Interestingly, ATFX bagged 37 awards in the last three years. It received citations including the most influential broker and the fastest-growing European broker – a testament of how ATFX provides the best education available as well as its display of creativity and excellence in the financial markets.

Ultimately, ATFX takes pride in claiming a set of advantages, ticking all the boxes including tight spreads, lightning-fast execution of trades, zero commission, first-class service and support, values of fairness, diversity and transparency, and safety and security of traders’ accounts.

ATFX reaches not only to retail traders but also to institutional investors. ATFX UK’s new fintech arm, ATFX Connect, was launched to cater to institutional clients.

One thing to take note of is that the broker does not provide brokerage services to residents of certain countries, including but not limited to Canada, Japan, Democratic People’s Republic of Korea (DPRK), Iran and United States of America (USA).

ATFX Features & Fees

Market Coverage

ATFX provides traders access to a basketful of asset classes including CFDs on forex (44 currency pairs available), CFDs on indices (over 12 indices), CFDs on commodities (including Precious Metals, Gold, and UK Crude Oil), CFDs on shares (over 80 CFD shares), and CFDs on cryptocurrencies (4 crypto CFDs).

Account Types

ATFX’s offered live accounts include Standard, Edge, Premium, and Professional.

The Standard account requires a $500 minimum deposit that provides access to spreads starting from 1.0 pips, no commission fees, leverage up to 1:30, and basic trading services. 

The Edge account provides users with lower spreads, starting from 0.6 pips, no commission fees, and the same leverage level for an initial deposit of $5,000.

To go Premium, traders need to deposit at least $10,000 to access forex trading with spreads starting from 0.0 pips, leverage up to 1:30, and a commission fee of $25 per 10 lots. 

Lastly, the Professional account is viable for traders who are able to meet certain criteria, including holding a minimum 500,000 euros portfolio or experience working in the financial sector. Eligible traders must deposit at least $5,000 to access low spreads from 0.6 pips, 1:400 leverage, and commission-less trading.

Account Opening

To open an account with ATFX, you just need to accomplish its fully digital account registration process starting with completing the Live Trading Account application form, account verification, and a successful fund deposit.

The broker also offers a Demo account for traders who want to try trading with no financial risks. Below is how you can sign up for a Demo account.

ATFX Overview

Funding Methods

Traders can deposit and withdraw via e-wallets, credit/debit cards (Mastercard, VISA), or bank transfer.

ATFX Trading Platforms & Tools

Offering the industry-popular platform, ATFX powered its MT4 platform with some of the most competitive spreads on the market, as well as lightning-fast execution. Novice traders get to have a head start in trading using the MT4 platform. 

Unfortunately, adept traders might find the MT4 trading platform standard and lacking advanced trading functionalities and tools. Though the platform is highly customizable, the interface is a bit outdated and needs upgrading. 

Web and mobile versions of MT4 are available to enable trading across devices.

In terms of education, ATFX provides an extensive educational facility comprised of platform tutorials, webinars, articles, videos, etc.

Bottom Line

Having multiple regulations and low forex trading fees are some of the salient points of ATFX trading.  However, it also has its fair share of limitations which include a small range of tradable assets and a lack of trading platform offering. 

Nevertheless, ATFX is a good try for novice traders considering the low trading fees, industry-standard platform offering, and extensive educational materials.