ATFX Review: Crafting Your Path in the Forex Market

Table of Contents
Share
ATFX

ATFX has made a name for itself by blending advanced technology, a wide range of products and services, and a strong educational setup. This forex trading broker review covers key aspects such as the company’s background, services, account options, and regulatory compliance. 


ATFX : Overview

ATFX

Established: 2017
Headquarters: United Kingdom
Trading Platforms: MetaTrader 4, ATFX Mobile App
Mobile Trading: Yes
Minimum Deposit: $100
Account Type: Standard

ATFX’s journey began in 2017. The company’s foundation is built on the principle of offering a superior trading experience and prioritizing client needs. With a team of more than 450 staff members who are fluent in 20 languages and stationed across 14 offices worldwide, ATFX emphasizes local expertise and global understanding. 

There are many account types to suit the different needs of individual and institutional traders. Additionally, the broker’s product portfolio includes numerous financial instruments, providing traders with the opportunity to diversify their investment strategies.


Regulation and Registration 

ATFX operates under strict regulatory oversight, ensuring compliance with international standards and local regulations. The company is regulated by several authorities, including the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) in Mauritius, and the Securities and Commodities Authority (SCA) in the United Arab Emirates.


Account Types of ATFX

account types

ATFX offers a standard account, standing out for its balanced features and broad market access.

Standard Account

  • Minimum Deposit: $100
  • Spread: From 1.0 pip
  • Commission: $0
  • Maximum Leverage: 1:400
  • Instruments: Indices, forex pairs, cryptocurrencies, commodities, shares

Deposit and Withdrawal

ATFX offers multiple methods for depositing funds into trading accounts, including bank transfers, credit cards (Mastercard/Visa), debit cards, and e-wallets like Skrill and Neteller. Deposits are processed instantly in one business day for most methods, while bank transfers may take 3-7 business days. There are no fees for deposits in either USD or EUR, and the minimum deposit amount is set at $50. 

Withdrawals can be made via the same methods used for deposits. The processing time ranges from instant to one business day for most methods. Bank processing times may vary, typically taking 3-7 business days. Typically, withdrawals are free if they are equal to or over $100, or for the full balance of the account. For smaller withdrawals, a fee of $5 is charged. 


Products in ATFX


Trading Platform of ATFX

  • MetaTrader 4
  • ATFX Mobile App

Fees of ATFX

ATFX imposes commissions charged per trade execution and overnight fees on positions held for more than a trading day. While the firm does not specify other trading fees, traders should verify any potential additional charges as these conditions might change. 

In addition, ATFX does not charge fees for deposits, withdrawals, account maintenance, or inactivity. However, trading fees are generally higher compared to other brokers.


ATFX Promotions

ATFX offers two main types of promotions for its clients:

  • Introducing Broker Reward Promotion: This program allows you to earn luxurious rewards by introducing new clients to the broker. The rewards, ranging from high-tech gadgets to cash prizes, are based on the trading volume of the introduced clients. 
  • Rebate Promotion: ATFX offers cash rebates for trading, applicable to any account with a minimum monthly deposit of US$1,000. Traders earn US$2 per lot, with the potential to accumulate up to US$10,000 in rebates. This promotion is available in selected countries across Asia​.

Customer Support 


Pros & Cons 

  • Multilingual team across 14 countries
  • Strict regulatory oversight
  • Multiple deposit and withdrawal methods
  • Innovative promotions
  • Higher trading fees than some competitors
  • Limited trading platform options
  • Low leverage options

Pros Explained

  • The company enhances global understanding and local expertise through its multilingual team.
  • The broker ensures compliance with international standards through strict regulatory oversight.
  • The broker offers flexibility and convenience with various deposit and withdrawal methods.
  • The broker provides additional incentives and rewards for trading through innovative promotions.

Cons Explained

  • ATFX generally imposes higher trading fees compared to other brokers.
  • The broker primarily offers MetaTrader 4 and the ATFX mobile app, which may not meet all traders’ preferences.
  • The broker offers lower leverage compared to some competitors, which may limit trading flexibility for some traders.

Is ATFX Worth Considering?

ATFX

ATFX, with its inception in 2017, has rapidly positioned itself as one of the noteworthy brokers in the forex trading sector. The broker’s team supports different languages, enhancing the trading experience for global clients. Additionally, ATFX offers varied promotions and payment methods. 

However, clients should consider the relatively higher trading fees and limited platform choices. Overall, ATFX is worth considering for traders seeking a globally oriented trading platform with a range of financial instruments.


FAQs

1. What is ATFX?

ATFX is a forex broker known for blending advanced technology, a wide range of products, and a strong educational setup. It provides both individual and institutional traders with a multilingual team across 14 offices globally.

2. What trading platforms does ATFX offer?

ATFX offers the MetaTrader 4 platform and the ATFX mobile app for trading various financial instruments, including forex, indices, commodities, and CFDs.

3. What are the deposit and withdrawal options at ATFX?

The broker allows deposits and withdrawals through bank transfers, credit/debit cards (Mastercard/Visa), and e-wallets like Skrill and Neteller.

4. What promotions does ATFX offer?

There are promotions like the Introducing Broker Reward Promotion, where clients can earn rewards for introducing new clients, and the Rebate Promotion, which provides cash rebates for trading.

5. What are the pros and cons of trading with ATFX?

Pros include a multilingual team, strict regulatory oversight, flexible payment methods, and interesting promotions. Cons are higher trading fees than some competitors, limited trading platform options, and low leverage options.


Related Articles:

Read more: Broker Reviews

By FinxpdX Team
By FinxpdX Team
Share
investing
Stay Informed, Invest with Confidence.
Financial
Stay updated on market trends and opportunities.
Reviews
Discover comprehensive, trustable reviews to guide your decision
Resources
Explore the latest findings and breakthroughs in our research
Table of Contents
- Advertisement -
Share
RELATED POSTS

Leave us a message