This is a daily market report and you can download it right from the ATFX website. Past market reports are also available on the same page, including those from the last few months. Keep in mind that you can only request one withdrawal each day. Additionally, ATFX Global Markets (CY) Ltd. operates from Limassol, Cyprus. As such, this section of ATFX is under regulation from CySEC, the Cyprus Securities and Exchanges Commission.
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However, in the past ATFX has offered a $100 USD welcome credit promotion. Withdrawals are also offered free of charge from ATFX, though charges from banking institutions may apply. Deposits are offered free of charge from ATFX, though charges from banking institutions may apply. Finding a reputable ATFX review locally or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Is ATFX a Legitimate Trading Broker?
In only providing one account, traders are not provided with much selection according to their unique trading needs or objectives, however, ATFX caters to both retail and professional traders. Most brokers have an obvious help center or section with FAQs. Instead, there are webinars and there is ready information for contacting customer support.
In order to help traders maximize their profits while minimizing risks, ATFX provides a vast array of tools at the traders’ disposal. Each MetaTrader has a dedicated Android, iOS, and Huawei app. Mobile apps correspond to the desktop app in terms of available trading tools. Such an app is quite convenient as you can trade on-the-go and not miss any market opportunities. Moreover, both MT4 and its successor MT5, support social trading and EAs as their main perk.
ATFX Review – 20 Keypoint overview:
You can download the MT4 app on your phone, and through it, you will be able to access your ATFX account. You can login the first time you’re your name and email address. You will then get some login details that you will be asked to keep in a safe place and that you will need for future access to the platform. It is also important to know about the spreads on ATFX, which are competitive compared to other brokers on the market. ATFX Spreads vary depending on the account type with spreads on the Edge account are low and competitive compared to any broker in the industry.
To set these notifications, you need to add your email address and mobile MetaQuotes ID (which you can find in the MT4 app’s settings). You can only withdraw money to accounts that are in your name. This initial registration takes minutes, and in most cases, accounts are verified within 1-2 business days. When we tested the process, our account was verified on the same day. Similarly to stock index and stock CFDs, the fees are built into the spreads.
ATFX also requires you provide identification documents before you make your request to withdraw, like most regulated brokers. This is no surprise, as most brokers require $200 – $250 minimum deposits. If you are looking for a cheaper option, you can try IQ Option, where you can start trading with only $10. The trading platform at ATFX is the MetaTrader 4 platform which is considered the most popular and powerful trading platform in the industry. Furthermore, the MT4 trading platform comes equipped with robust security measures as all data between the server and client terminal are fully encrypted.
Coming to the asset classes, you can choose from a range of CFDs in FX, commodities, indices, and cryptocurrencies. For some reason, ATFX has not included CFDs in shares or ETFs, one of the reasons for the small number of financial instruments on offer. To get started you will have to go on the ATFX official website. Once you are done, you will receive a confirmation email with your login details. Opening a real account is similar to opening a demo one but it will be more time consuming because you will have to fill in a questionnaire with an estimated time of completion of minutes. ATFX offers a Quarterly Market Outlook, allowing you to monitor changes and trends in the financial market with detailed fundamental and technical analysis.
Withdrawing Profits From Your Broker Account
The minimum spread for Bitcoin is 40; for Ethereum, it’s 6; Litecoin is 5 and Ripple is 0.05. Opening an account is made very easy and the differences between the options are clear, such as Litecoin and Ripple being faster than the vastly popular Bitcoin, as one example. Although many investments are in some way a prediction of future value, these are different because you aren’t buying the underlying asset itself. Instead, this is an agreement to pay the difference in value between the buyer and seller.
The webinar schedules are updated periodically on the official website under the “education” section. There usually are 5-10 webinars scheduled within a period of two weeks and the available languages vary. There currently are webinars available in English, Spanish and German. You will then get an email to remind you to attend the webinar at the indicated time.
- You can use the same methods for withdrawal as for deposits.
- It is a Registered Investment Advisor with the SEC (U.S.) and SFC (Hong Kong).
- At the moment, we recommend trading with reliable broker like ATFX, fully regulated and with an innovative approach.
- Or advanced traders can use the demo account to test new strategies.
- We were impressed by how ATFX provides a clear view about the impact of major financial and economic events.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This platform has support for all types of devices, so every client is able to use it. Because of MT4’s popularity, there are also numerous guides and resources available online. ATFX offers a list of default leverages for clients in its Trading FAQ section.
When it comes to the wide range of products that traders can trade on, you will be pleased to know that you can choose between FX majors, FX Minors, FX Exotics, Metals, Oil, Indices, and CFDs. Contact us directly for further inquiries about our products and services. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
There are, overall, over 200 trading products across five asset classes. Trading fees for CFD brokers are complicated but they appear to be very competitive throughout. We’ve seen a lot of comparisons to some of their key rivals in our research for this atfx broker review 2023 and found them to look very good on a consistent basis. Some people may look at alternatives for different reasons but on this basis, ATFX are up there with the absolute cream of the financial crop. Customer Support is available 24/7 via phone, email, and live chat.
How long does it take to withdraw from ATFX?
E-wallet: Your funds will be back in your e-wallet within 2 working days. Credit/debit card: Once the withdrawal has been successfully processed, refunds will take around 2-5 working days.
Additionally, partners receive other forms of benefits as well such as free access to trading central and other trading tools. We surely have nothing bad to say about the ATFX trading platform. It supports a large number of technical and analytical tools and is suitable for any trading strategy. Those looking for a completely passive, beginner option may wish to look elsewhere.
What is the minimum deposit on ATFX?
The minimum deposit at ATFX is $500. ATFX charges $0 for deposits. You can only deposit funds from accounts that are in your name. Visit ATFX's page to start the process.
One of the most notable ATFX features is the fact that they offer competitive spreads, decent liquidity, limited restrictions on trading, and a wide variety of markets. Traders will also be pleased to know that scalping is available on the site as well as automated trading. The company strive to keep things as simple as possible which means you won’t find all the bells and whistles that are usually touted within the financial industry.
To deposit funds into your ATFX account, just log into your account. This means that your deposits must come from your own accounts. Clients of ATFX can withdraw their funds easily and quickly. The processing time for withdrawals may vary depending on the withdrawal method used but usually takes 3 to 5 business days. They provide the best customer service, Their Platform are fast in execution and no charges when you trade. I also get up to date market data and news through their webinars and newsletters.
It also aims to improve financial transparency, efficiency, competition, and consumer protection. With MiFID, investment firms are able to freely offer services https://traderoom.info/ within other member state’s territories or those of third parties. The only requirement is that the investment firm must have authorization for those services.
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MiFID regulates financial instrument markets for providing investment services as well as activities, specifically in the European Economic Area. This EEA includes all 27 member states of the EU in addition to Norway, Liechtenstein, and Iceland. You can take advantage of 24/5 customer support through Live Chat, Phone lines, and Email at ATFX. Also, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed.
These include indices, precious metals, currencies, and commodities. Strategies are updated ten times every day for each product for up-to-date information. MetaTrader 4 also has a WebTrader which is optimized to maximize web-based performance. It works in all browsers and does not require any download whatsoever. This particular version of MT4 is designed for convenience. It even incorporates real-time information, so traders can make their decisions with all the available information.
The St.Vincent and the Grenadines government has clearly stated that they have no interest in regulating foreign Forex companies on their territory. They will allow them to register in the country, but that doesn’t mean that their financial regulator will be held accountable for their actions. Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors. ATFX is also regulated in the Middle East and North America, and falls under the regulation of CySEC in Cyprus, making it an EU-compliant broker. However, clients should keep in mind that these promotions are not typically available to all jurisdictions.
ATFX has invested heavily in a comprehensive set of resources for beginner traders. Its education section is well-structured, thorough, and genuinely useful for new traders. ATFX has taken the decision to cease providing services to retail clients with immediate effect. From a regulatory perspective, ATFX’s main “partner” is obviously CySEC. Overall, ATFX does not charge any deposit and withdrawal fees and offers a fair selection of payment methods. After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading.
They start from 0.6 pips but they vary depending on the asset you are interested in. The spread on EUR/USD starts from 0.6 pips and for the forex majors, the minimum spread does not go over 0.8 pips. As for the forex minors, the minimum spread starts from 0.9 on pairs such as CAD/JPY and AUD/NZD and goes up to 2.8 for the GBP/NZD pair.
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. We also compared ATFX’s fees with those of two similar brokers we selected, XM and ETX Capital. This selection is based on objective factors such as products offered, client profile, fee structure, etc. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement.
Is ATFX a legit broker?
Is ATFX Legit or a scam？ ATFX is a legitimate forex broker that operates under strict regulations. TThis broker is currently regulated by two major financial regulators, the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.