Surprised, they dug a little deeper and found that there was space for a broker that simply puts the needs of its clients above everything else. They say that the best form of flattery is imitation, and scammers know this all too well. ” or “ATFX scammer,” then you will have quite a number of hits on your search results. However, as shared above, ATFX is headquartered in the UK, where it is authorized and regulated by the Financial Conduct Authority (FCA). Also, it has won reputable international awards for quality customer service in different categories across the globe.
- There is also a phone number available if you are calling from outside the UK.
- They are obligated to protect customer data following GDPR and EDPA guidelines, so they cannot disclose client information to third parties and need to guard against data breaches adequately.
- Even though ATFX supply you all of the tools to make money, they cannot guarantee you will gain.
- When you move money into your trading account by the bank account, a deposit fee can be charged by the broker.
- It also has slippage and allows both hedging and Expert Advisors.
- The Edge Account is designed for advanced traders and offers competitive spreads and faster speeds, as well as additional latency reduction.
Spread Betting
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. These include a lack of negative balance protection and waived restrictions on CFDs. ATFX can also use sophisticated market language when talking to professional clients and assume higher experience levels. There are also changes to considerations for best execution. For retail clients, priorities are the transaction cost and the overall price.
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Brokers that are FCA-regulated have to comply with certain standards aimed at protecting users. At the moment, we recommend trading with reliable broker like ATFX, fully regulated and with an innovative approach. Don’t invest unless prepared to lose all the money you invest.
Assets & Markets
The Financial Services Compensation Scheme (FSCS), covers eligible investments of up to £85,00 per person, per firm. The books of the operator are subjected to regular audits by the competent financial authorities and the brokerage observes strict KYC and AML policies. Retail accounts also offer negative balance protection, meaning you can never lose more than you have on deposit with the broker. The Premium account requires a deposit of $10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips, but there is a commission charge with this account. Potential clients without sufficient knowledge should seek individual advice from an authorized source.
However, it is important to note that MT4 is a trading platform created for more advanced traders. If you are a beginner, the MT4 platform may appear complex with too many tools and features that make little sense to you. Unfortunately, ATFX does not prove users with a simpler, beginner’s option. Also, the company offers expert market analysis and trade ideas. They make an online trading course available to all live account holders and provide an economic calendar on its website.
Trading Environment
However, ATFX does offer various educational services to its professional clients. In total, there are over 2000 indicators and 30 chart analysis tools. Users can set their preferred display methods and parameters for every type of chart and indicator.
Spread betting lets you speculate on the rising or falling markets. It includes tools to limit risk, such as stop-loss limit orders and balance protection. Spread atfx review betting is popular for traders who want to diversify their portfolios. It is also popular for those who want to trade with leverage and a small investment.
The courses include subject matter on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, capital management, and more. ATFX offers mobile trading platforms that are versions of MetaTrader 4. Users can download an app for either Apple or Android devices, enabling on-the-go trading. ATFX is pleased to announce the launch of the ATFX Client Funds Insurance. Ltd. and AT Global Markets LLC are eligible for insurance coverage.
ATFX supports trading via the MetaTrader4 (MT4) platform and has a number of ‘how-to’ videos and interactive webinars through which beginners can learn how to use the platform. Among the many trading tools available on the site are chart analysis tools, more than 30 indicators, and expert advisors (EAs). It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. ATFX protects its clients' personal and sensitive https://forexarena.net/ data under SSL encryption. Your funds will be retained highly secure in top-tier banks. Other deposit methods you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal.
Traders are protected against broker defaults in amounts up to £85,000 per person under the Financial Services Compensation Scheme (FSCS), while accounts of E.U. Traders are only protected up to €20,000 by Cyprus’ Investor Compensation Fund (ICF). As with most platforms, the company pays withdrawals into the same account from which they made the initial deposit.
As expected from a broker, ATFX does indeed have an economic calendar. The broker refers to it as a “live forex news calendar.” The calendar is automatically updated so traders can have the latest information. It also includes the ability to check past events in the history. For each event on the calendar, you will see the time, currency, importance, event, actual, forecast, and previous figures. The iPhone MT4 application includes the most useful features, such as EAs and customizable indicators. Either mobile version has the full functionality and all of the tools of the other versions.
Or you can search for a specific event by name by clicking on the Filters. The research displayed in Trading Central utilizes chartist analysis to determine targets and price direction. It also includes mathematical models to determine timing relevance and confirm directions. Trading Central additionally uses Japanese candlesticks and related signals to verify acceleration or reversal markets. To give traders confidence in the Trading Central information, it is part of three different associations for Independent Research Providers. These include Asia IRP, Euro IRP, and Investorside Research.
The broker does not offer very detailed information on its trading security measures. The broker offers clients protection through the investor compensation fund of up to €20,000. Moreover, ATFX offers traders negative balance protection that ensures that traders will not lose more money than deposited. Andorid mobile devices and tablets are used by millions of people globally. When you choose to spread bet with ATFX, there is no UK stamp duty or capital gains tax. There are also no commissions and spreads are competitive, starting at just 0.6 pips.
Furthermore, it publishes several market analysis articles covering trading strategies, financial events, market news, and insights. Other useful sources of information include the Economic Calendar, the Earnings Season Calendar, and the Trader Magazine, which is a quarterly publication. ATFX has a demo account feature that serves as a platform for novice traders to hone their trading skills until they’re satisfied with their trading strategy. This ensures that they do not gamble away their funds but take positions based on a good understanding of both fundamental and technical aspects of the market. The features of the demo account include the choice to trade in about 100 financial products across forex, gold, oil, indices and cryptocurrencies from your PC or mobile. The company provides a market analysis section on its website that offers educational seminars and investment research via reports that cover forex, precious metals, commodities and indices.