ATFX Review 2023 Pros and Cons Uncovered

Changing the language is a bit tricky on Android devices, though. You can do it only if you change the default language of your mobile. ATFX doesn’t charge a fee for withdrawals equal to or over €/$/£100, or for the full balance of the account (in case it is lower than €/$/£100). You can use the same methods for withdrawal as for deposits. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers.

Our ultimate guide to the ATFX minimum deposit is updated regularly. ATFX is regulated by several financial authorities globally, including the top-tier FCA. There are four legal entities to choose from, and each comes with different regulations and services.

ATFX Platforms

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. For convenience, ATFX offers an updated list of trading conditions for each individual asset. These are divided by category, such as forex majors, minors, and exotics. Other categories include metals, oil, indices, cryptos, and shares.

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. Once you have deposited funds into your account or have opened a demo account, you will be suggested to download MT4. Doing that takes just a couple of minutes, alternatively, you can also access MT4 WebTrader, a browser-based platform that does not need to be downloaded.

Fee structure information at ATFX

The broker offers award-winning customer support, having won the Best Customer Service award from ADVFN in 2019. Customer service is available in several languages and support professionals seem very dedicated to building and maintaining client relationships. For starters, we have the ATFX Demo Account, which gives traders a risk-free way to put the trading platforms and trading conditions to the test. Demo Accounts come loaded with some $100,000 in virtual money. Opening positions, using technical indicators and various other trading tools, and checking one’s trading history is possible through the Web Trader as well.

It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. ATFX also provides traders with access to a variety of market analysis tools and resources. ATFX currently provides the MetaTrader 4 (MT4) platform for its traders, which is a widely used platform among forex traders. It offers advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs). The ATFX Affiliate Program is designed to help clients grow their forex business. It includes transparent reporting with plenty of details plus competitive commissions and exceptional customer service.

Marketing Strategy

Thankfully, the STP mode will enable brokers to interact with all liquidity providers to establish the most competitive ask and bid price for traders. A high volume of transactions will stimulate liquidity providers to provide advanced leverages to execute the orders of https://traderoom.info/the-guide-to-find-programmers-for-a-startup/ clients in a fast and reliable manner. STP offers the best trading environment for all traders with effective liquidity between receivers and price providers. The ATFX brand impresses with a significant range of features to enrich the overall functionality of the site.

We recommend the FCA-regulated entity, because it has the highest investor protection amount at £85,000, while the FCA is one of the best financial regulators. Webinars are available in several languages including English, German, Italian or Spanish, but we found it a bit confusing that some webinars are only available in one language. You can reach customer service from Monday to Friday between 9 am and 5 pm, London time. You can’t set alerts and notifications on the ATFX web platform.

Can you open an account?

Spread 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. In the fast-moving world of financial markets, traders can struggle to find ways to optimize their trading performance. There are also three different account types relevant to these options and this part of our ATFX broker review 2023. There’s the Standard account, the Edge account and the Premium account.

• Specifically, Forex options include major, minor and exotic currency pairs.
• ATFX’s demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques.
• For convenience, ATFX offers an updated list of trading conditions for each individual asset.