ATFX

ATFX Information

ATFX is a global online forex and CFD broker established in 2014, offering trading on various markets including forex, precious metals, crude oil, and indices. The broker also offers several account types, including the Standard and Edge accounts, targeting different trading groups, with $200 to start. Besides, the demo account is also provided. Regarding trading platform offerings, MetaTrader 4 (MT4) for Desktop, Mobile, and WebTrader are supported.

Pros & Cons

On the positive side, ATFX is a well-regulated broker and offers negative balance protection to protect security of clients' funds. It also offers various trading instruments with competitive spreads via the industry-leading MT4 platform. You can also test their trading conditions via risk-free demo accounts.

On the downside, ATFX has limited options for deposit and withdrawal methods, as it only accepts payments via bank transfers and credit/debit cards. Another disadvantage is that ATFX does not offer social trading or copy trading features, which may be important to some traders. Besides, deposit and withdrawal fee, as well as inactivity fee are charged.

Is ATFX Legit?

ATFX is a thoroughly regulated broker, boasting four licenses from esteemed global financial regulatory bodies.

These include a Market Making (MM) license (No. 418036) from the Australia Securities & Investment Commission (ASIC), an Institution Forex License (No. 760555) from the Financial Conduct Authority (FCA) in the United Kingdom, an STP license (No. 285/15) from the Cyprus Securities and Exchange Commission (CySEC), and a general registered Investment Advisory License (No. 20200000078) from the Securities and Commodities Authority (SCA) in the United Arab Emirates.

These multiple layers of regulation demonstrate ATFX's commitment to adhering to high financial standards, transparency, and the protection of investor interests.

Regulated Country	Regulated Authority	Current Status	Regulated Entity	License Type	License Number
	ASIC	Regulated	AT GLOBAL MARKETS (AUSTRALIA) PTY LTD	Market Making (MM)	418036
	SFC	Regulated	AT Global Financial Services (HK) Limited	Leveraged foreign exchange trading	BUM667
	FCA	Regulated	AT Global Markets (UK) Limited	Institution Forex License	760555
	CYSEC	Regulated	ATFX Global Markets (Cy) Limited	Straight Through Processing (STP)	285/15
	SCA	General Registration	Investment Advisory License	Investment Advisory License	20200000078

Market Instruments

ATFX supports trading on forex, precious metals, crude oil, and indices. However, in contrast to other brokers, ATFX does not enable stocks, cryptocurrencies, bonds, options, ETFs, or futures trading, and their product choices are somewhat limited.

Account Type

ATFX understands that every trader has their own trading style, preferences, and needs, and that's why it offers flexible trading account options. Whether you're a beginner or an experienced trader, there is an account type that is suitable for you.

The Standard Account is a basic account type that is suitable for beginner traders who are just starting in the forex market. It requires a minimum deposit of $200.

The Edge Account is a more advanced account type that is suitable for traders who have some experience in the forex market. It requires a minimum deposit of $5,000.

Demo Trading

ATFX offers demo trading accounts up to $100,000 demo money to its clients, allowing them to practice and familiarize themselves with the trading platform and strategies before committing real funds.

The demo accounts are also an excellent tool for beginners who are new to trading as it enables them to learn the basics of trading without the fear of losing money. The demo accounts offer the same features as live accounts, including access to all trading instruments and educational resources, enabling traders to experience the real trading environment.

ATFX's demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques. Moreover, traders can switch between the demo and live accounts anytime they want.

Leverage

ATFX offers varying levels of leverage depending on the type of trading account and financial instrument.

For forex trading, the maximum leverage available for retail clients is typically 30:1 for major currency pairs and 20:1 for minor and exotic currency pairs. Professional clients may have access to higher leverage, up to a maximum of 400:1, depending on their trading experience and other criteria.

Notably, while leverage can amplify potential profits, it also magnifies potential losses, so it's crucial to use leverage responsibly and only trade with funds you can afford to lose. Additionally, different regulations may apply in different regions and countries, which could impact the maximum leverage available to traders.

Spreads & Commissions (Trading Fees)

ATFX offers competitive spreads and commissions on its trading accounts, which vary depending on the type of account.

Non-Trading Fees

Aside from trading fees, ATFX also charges non-trading fees that traders should be aware of.

Trading Platform

ATFX currently provides the MetaTrader 4 (MT4) platform for its traders, which is a widely used platform among forex traders. It is available on Desktop, Mobile, and WebTrader devices. It offers advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs).

While some traders may prefer other trading platforms, the MT4 platform is a robust and reliable option with a large community of users and third-party developers creating and sharing custom indicators and EAs.

Deposit & Withdrawal

ATFX accepts payments via Visa, MasterCard, and Bank Wire. Popular e-wallets like Neteller and Skrill are coming soon.

Customer Support

ATFX customer support can be connected through the following channels:

• Live chat, contact form
• Phone: +357 25 258 774, the phone lines are open during Mon – Fri 08:00 – 18:00 GMT+2*, and *GMT+3 during Daylight Saving Time.
• Email: info@atfxgm.eu
• Headquarters: Maryvonne Building, 159 Leontiou A Street, Office 204, 3022, Limassol, Cyprus

FAQs

Is ATFX a regulated broker?

Yes. It is regulated by ASIC, SFC, FCA, CYSEC, and SCA (general registration).

What is the minimum deposit requirement for ATFX?

$200 is required to start real trading.

What trading platforms does ATFX offer?

ATFX offers the popular MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices.

Does ATFX offer demo accounts?

Yes. ATFX offers demo accounts with up to $100,000 demo money.

Is ATFX suitable for beginner traders?

No. $200 minimum deposit requirement is higher than other regulated brokers, and educational resources are very limited.