ATFX is an award-winning brokerage firm that offers trading services in forex, spread, and CFDs. It provides a wide range of sophisticated tools and features that cater to all levels of traders. This review will delve into those features and whether ATFX is a safe and reliable broker to trade with.
ATFX Regulation and Security
ATFX has cultivated a clean reputation over years of service. It has also grown quickly as its services improved and more traders became attracted to the broker. It is an award-winning broker that has proven its years of experience and status in the industry. ATFX was established in 2017 and headquartered in London, United Kingdom. ATFX’s arm in the United Kingdom has over 1,200 clients and EUR 7.5 millions’ worth of client funds.
ATFX UK operates under the regulation of the Financial Conduct Authority (FCA) and keeps client funds in segregated accounts to ensure safety. The broker is also regulated in North America and the Middle East, therefore it operates in multiple regulations. Since it holds a European regulation, this broker is popular worldwide, including several jurisdictions in Asia.
Furthermore, ATFX UK is also regulated by the Cyprus Securities and Exchange Commission (CySEC), giving the broker rights to provide its services across the European Economic Area. Moreover, both Switzerland and the Middle East have access to the brokerage services provided by ATFX UK.
ATFX Global Markets (CY) Ltd is based in Limassol, Cyprus, which is also regulated by CySEC. ATFX also complies with the Markets in Financial Instruments Directive, which adds to the regulatory status of this broker.
ATFX Platform Services
ATFX is known to offer the MetaTrader4 as one of its features, like many other brokers. The tools and features in this platform are known to many, and the platform is in fact considered to be a classic in foreign exchange.
MetaTrader4
ATFX’s main platform offering is MetaTrader4, which is available in both web and mobile. This classic platform is equipped with hundreds of tools and indicators, as well as charts, EAs, and a customization feature that allows every trader to arrange the platform to their liking. Other than those, MT4 also offers customizable libraries, custom indicators, scripts, and the ability to execute strategies of any complexity. More than 50 indicators and 30 chart analysis tools are also available on the MT4 platform.
Trading Central
The Trading Central is a renowned source of trading tools and skills in the industry. Trading Central offers comprehensive analysis and technical strategies for different securities, which includes currencies, commodities, and precious metals. Information about these assets are also regularly updated, which means that users can trust that the information they get is up-to-date. Trading Central is part of three associations for independent research providers, including Investorside Research, Euro IRP and Asia IRP. Trading Central is also a registered investment advisor to SFC (Hong Kong) and SEC (US).
ATFX Trading Conditions
Knowing the trading conditions set by a broker are just as important as knowing about its security. The spreads, commissions, margins, leverages, and other factors play a big role in creating profitable trades.
Spreads and Commissions
Spread betting with ATFX does not encourage any UK stamp duty or capital gains tax. No commissions are charged , and the broker offers competitive spreads that begin from as low as 0.6 pips. Traders can speculate on dropping or soaring markets on margins. Furthermore, with MT4, users can set stop-loss orders and balance protection. The minimum deposit for spread betting is £100 with a stop-out of 0.5. The maximum leverage for retail clients is 30:1. There are no refusals or re-quotes, and EAs and hedging are allowed to slip.
Leverage
The company operates in accordance with the FCA/ESMA rules, offering up to 1:30 to retail customers and up to 1:400 to professional traders. The default leverage for FX exotics is 1:50. The default leverage ratio for silver and gold are 1:200, while the default rate of leverage for indices is 1:100 or 1:50 for USDX. Default oil leverage is 1:100, 1:20 for CFD shares, and 1:50 for cryptocurrencies.
Assets
ATFX UK offers currency trading for 43 Forex pairs, including exotics, minors, and majors. Trading precious metals such as London Silver or London Gold is also available. ATFX UK offers short or long-term sales positions to be opened. In this highly liquid market, traders have the ability to leverage up to 1:20. Crude oil and commodity-based oil ETFs are also available, along with 15 indices from the USA, Europe and Asia.
ATFX Conclusion
ATFX is a safe and reliable broker that offers trading services on a wide range of assets, including forex, commodities, and CFDs. a variety of accounts are also available for clients to choose from, and are recommendable for both retail and professional investors. Trading conditions are competitive with no commissions and decent spreads. This broker’s customer support team is also skilled in handling any client concerns, whether technical or trading-related.