ATFX ++ Trusted forex review & test 2023 Scam or not?

aftx forex
aftx forex

With 4 different account types in one place and opportunities, one can find quick trading on both Android and Apple devices. So, trade anywhere and anytime without concern with extra additional features that ensure complete flexibility. Among the educational resources for ATFX clients, we have webinars that take place every week and face-to-face seminars that take place in different countries. ATFX comes with no fees for any deposits, and all methods support deposits in USD , EUR , and GPB .

ATFX UK Taps State Street’s Chris James to Lead Liquidity Management – Finance Magnates

ATFX UK Taps State Street’s Chris James to Lead Liquidity Management.

Posted: Mon, 06 Feb 2023 08:00:00 GMT [source]

You may be charged with a small processing fee by your provider if it so happens that you’re using debit or credit cards outside the UK. However, if you can account for the charges by providing a receipt, the company will reimburse you. If investors have evidence that the broker is a scam, it is best not to follow suit.

STP mode enables brokers to cooperate with all the liquidity providers to set up the most competitive bid and ask price to the clients. The investors get access to over a hundred CFD financial instruments including Forex, Precious Metal, Crude Oil, Indices and Shares. All the instruments can be executed on one platform and offer the best opportunities to all the investors. Yes, the US dollar is the most dominant currency in the world. The majority of all foreign exchange transactions include the US dollar.

Regulation of AFTX – Is the broker regulated?

To help traders make educated decisions, ATFX has a daily market report. This includes the latest overviews for sentiments and technical elements. 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. As expected from a broker, ATFX does indeed have an economic calendar.

We tested it and collected the options and costs in How to withdraw money on ATFX. Check out the current account balance requirements at ATFX in our What is the minimum account balance at ATFX article. Is ATFX legit features all the key aspects you need to look at to see if a broker is safe and legit. ATFX has some drawbacks, though.Theproduct range is limited to FX, CFDs, and cryptos.

aftx forex

There are main phone lines available on weekdays between 9 a.m. There is an 800 number from the UK and a separate number for calls from outside the UK. Email addresses are for general information, complaints/disputes, partnerships, support, and sales inquiries. atfx trading platform You can also contact support via live chat in the bottom right corner of the page. ATFX has a strong commitment to ensuring that client funds remain safe at all times. The company uses the latest encryption technology currently available to protect data.

This lines up with the philosophy of ATFX, which further encouraged the broker to sponsor the event. This particular event is long-standing, with 18 years of events. Over 20 countries from five continents have participated and there have been over 134 tournaments. Since ATFX is a regulated firm, it has a clear complaint-handling procedure. The staff at ATFX all undergo complaint-handling training.

Is this broker good for beginners?

You can choose between a Standard, an Edge, a Premium or a Professional trading account. Since then, the ATFX brand was introduced globally to specifically cater to the vast majority of the retail trading market. They are an STP broker, which means you needn’t worry about conflicts of interest. This is because this broker executes orders immediately at market conditions. They may, however, act as a market maker to maintain trading volume.

This way, you can find any asset and use the available advanced trading tools with it. MT4 Desktop additionally offers cutting-edge charting tools. There are more than 50 indicators as well as over 30 tools to analyze charts. Furthermore, you can set parameters and display methods for every chart type and indicator. MT4 Desktop allows for diversification thanks to full support for a range of assets. All trading on ATFX is done via the popular MetaTrader 4 platform.

Trading ideas

You can choose between the spread account or the commission account. – In the following review, we will prove theonline brokerATFX and show you the conditions for traders.Nowadays it is very hard to find a goodForex Broker. With more than 9 years of experience in online investments, we will find out if it is a scam or not. Read the following sections to get accurate information about the company. ATFX is a broker with its headquarters in the United Kingdom, specifically London. This broker offers trading for a range of assets, including forex, CFDs, and commodities.

  • The broker refers to it as a “live forex news calendar.” The calendar is automatically updated so traders can have the latest information.
  • They are also available for download in the Analysis section of ATFX.
  • You receive the commission once the client meets a minimum trading threshold.
  • These comments are usually published weekly on the Analysis section of the platform’s site.

Email support can be slow, and fundamental data research is missing. We were impressed by how ATFX provides a clear view about the impact of major financial and economic events. For example, we received an email note about the possible implications of Brexit.

Professional client classification is also available from ATFX. Professional clients do not have to deal with the margin increases from the ESMA changes in 2018. The European Securities and Markets Authority restricted certain products for retail clients starting Aug. 1, 2018. The MT4 also offers a customisable interface that allows the trader to modify the workable space, charts, indicators, and trade directly from the charts.

03 Choose Once your AFXMarkets trading account is verified, it’s time to choose your trading platform and your preferred trading account. But throughout all that time we’ve remained steadfast, providing traders with the stability and opportunities they need to make their mark on the financial markets. The demo account is an easy way to deal with the complexity and understand how to fit your real life into the trading world. It will prepare you for all the complications that can arise later on. Generally, it will take 4 to 6 months for a person to understand the demo account before they actually go live and start trading with their real money. The ATFX broker account can be opened effortlessly with a fast procedure.

Mobile Trading for any deviceSome extra features that come with the iPhone MT4 application include EAs and personalized indicators. This also applies to the Android application as all mobile versions have been built to include complete functionality and full performance of the tools of several functions. Some of which are advanced chartings like rapid analysis and customization. There is also flexibility when it comes to making adjustments to your strategy and full support for assets, hence enabling a possibility of diversification. Also, it is worthy to note that should in case an issue arises, and the company becomes insolvent, your funds will remain intact.

Author of this review

This broker was not featured in our 2023 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

The customers will be required to fill in a form available on the company’s website. There is also the MetaTrader 4 platform, which allows professional trading. MetaTrader 4 for Windows has multilingual trading support plus multi-currency support. There is also a VPS service for connectivity all day long. MT4 Desktop offers custom indicators and the ability to customize libraries, EAs, and scripts. Market orders are sent to the market, then executed at the market’s tradeable price.

To protect against an unfortunate event of insolvency, ATFX has FSCS coverage.This scheme is only available for clients trading with organizations authorized by FCA. It comes into effect in a special case when the company is unable to satisfy its repayment claims. What happens, in this case, is that the FSCS awards each client a compensation fee of about £85,000 for eligible investments. For FCA authorizing the company officially means it is approved by the company as an FX and CFD broker.