Doing that takes just a couple of minutes, alternatively, you can also access MT4 WebTrader, a browser-based platform that does not need to be downloaded. Once you access the platform you will have to type in your name and email and the system will generate some login credentials to facilitate your access to the trading platform in the future. If you have a atfx broker review demo account, you will be given $100,000 to trade, whilst if you are trading live, you will have as many funds as you deposited in the previous stage. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. Between 74% and 89% of retail investor accounts lose money when trading CFDs.
FP Markets vs. Tickmill
While MT4 remains the market standard for retail traders, the lack of selection is a disadvantage compared to the trading platform choices on offer with other brokers. ATFX clearly lists its fees in a very transparent manner on its website. Their clients can easily find out the cost of trading any Forex pair or CFD. Clients can trade Forex pairs starting from zero spreads with the premium account, but even its Standard account comes with a minimum spread of only 1.0 pip.
DFSA Brokers
It’s essential to be vigilant and rigorous in your ATFX broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of ATFX, its track record, and reputation is vital. Moreover, ensure the ATFX broker’s offerings, trading tools, fees, and regulation align with your requirements. This ATFX review page contains information about investing with ATFX. It is intended for educational purposes only and should never be considered financial advice.
Does ATFX offer demo accounts?
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. Withdrawals via e-wallets will typically arrive within 2 days. Refunds to debit and credit cards typically finish processing in 2 to 5 days.
Before you trade, AskTraders.
- The minimum trade size when it comes to forex is one microlot, and the company offers negative balance protection along with hedging and scalping.
- It works in all browsers and does not require any download whatsoever.
- ATFX has a strong commitment to ensuring that client funds remain safe at all times.
ATFX is committed to empowering traders with knowledge and insights. The platform offers a variety of educational resources, including webinars, video tutorials, market analysis, and trading guides. These resources enable traders to stay updated on market trends, analyze price movements, and develop effective trading strategies. As far as the Spot Forex offer is concerned, ATFX boasts great order execution, attractive leverage, and a superb client portal for account management – among other things.
ATFX places a strong emphasis on providing exceptional customer support to traders and investors. The platform offers multilingual customer support that is available 24/5 via email, phone, and live chat. Traders can rely on timely and professional assistance to resolve any queries or concerns they may encounter during their trading journey. Yes, ATFX offers demo accounts so you can learn their systems before risking any real money.
ATFX customer support is based on quality rather than quantity. The phone desk hot-lines are only available from 9 am – 5 pm UK time which could hinder some traders. On the flip side, the support team are very proficient and the trading platform MT4 has a well-earned reputation for being robust and reliable. The ATFX Affiliate Program is designed to help clients grow their forex business.
Remember that the MT4 platform will send the transaction instructions to the given MT4 server. Remember that for compliance reasons, withdrawals must be returned to your original payment source. In the case of profits on trades from deposits made with a card, the extra funds will go to a bank account. You must also fully verify your ATFX account before you can withdraw funds. To opt for an Edge Account, you simply create your ATFX via the regular process. Once you validate the live account, you can contact ATFX customer service to switch to an Edge Account.
We tried contacting customer support within office hours and they responded quickly and efficiently. You can contact a member of staff Monday to Friday from 9 am to 5 pm. You can contact them by phone, email or through the live chat.
You can trade indices with ATFX, with 15 types of shares indices from Asia, the U.S., and Europe. The spot indices on ATFX have low margin requirements and low spreads. There is access to 1-to-1 customer support 24/5 plus tight spreads and no commissions.
Traders will also be pleased to know that scalping is available on the site as well as automated trading. The company strive to keep things as simple as possible which means you won’t find all the bells and whistles that are usually touted within the financial industry. Instead, the company emphasises their goals quite modestly by providing competitive pricing. Transparency is another attractive feature at ATFX thanks to a no dealing desk.
The company has received awards for its customer service that is focused on its 24/5 Live Chat service, although local phone numbers and email support are also available. Only the professional account type does not qualify for negative balance protection, and all the accounts currently supported allow you to deal in sizes as small as 0.01 of a lot. Traders are also given negative balance protection when trading on a spread-betting account. While hedging is allowed using the spread betting account, scalping is not permitted. Social trading at the company is only available via their collaboration with the MT4 trading software and community. Once logged in to the MT4 platform, you will need to register for your social trading account by clicking on the ‘auto trading’ button.
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. After you’ve created your account you can move on to the deposit page to https://traderoom.info/ place funds in your account and start live trading. You will have to deposit at least $200 to be allowed to start trading. The platform can be downloaded on your desktop, as well as on your mobile and it only takes a few minutes.
Most agents do not charge too much money for this particular operation. Even if no charges have been indicated by ATFX, it is best that you close the account if you’re inactive. Inactivity fees are not only charged by broker firms but also many financial services. Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Generally, ATFX does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount.
ATFX also has a mobile application for trading on the go and convenience. Clients can also enjoy full account management via the sleek client portal. The first thing you need to do is go on the official website and look for the sign up button.