ATFX Review

By | March 12, 2021

About this Review: In this review of ATFX, we have provided information related to its fees, account opening, security, regulations and more. 

What is ATFX?

ATFX is a broker used by top traders and financial institutions. This is not available for individual retail brokers. They provide forex & CFD trading services. 

This is regulated by top financial institutions like; FCA, CySEC, AT Solution Limited (ATGM), AT Global Markets Intl Ltd.

atfx

Account Opening

Account opening at ATFX is fully digital, it does not take more than one day to open your account. While, it charges a high minimum deposit for non standard accounts.

What is the minimum deposit at ATFX?

The required minimum deposit is $500. for the Standard account, but higher for other account types.

Account Types

Account types offered by ATFX

StandardEdge Premium Professional
Minimum deposit$500$5,000$10,000$5,000
SpreadsHigher spreads, from 1.0 pipLower spreads, from 0.6 pipRaw spreads, from 0.0 pipLower spreads, from 0.6 pip
CommissionNo CommissionNo Commission$25 per 10 lotsNo Commission
Leverage1:3001:301:301:400
atfx

Fees

ATFX has low forex fees. It doesn’t charge any inactivity & withdrawal fee. 

ATFX fee snapshot

Assets Fee Terms
S&P 500 CFDStandard account: the fees are built into the spread; the spread cost is 1 point during peak trading hours. The Standard account has higher spreads compared to other account types.
Europe 50 CFDStandard account: the fees are built into the spread; the spread cost is 2.6 points during peak trading hours. The Standard account has higher spreads compared to other account types.
EURUSDStandard account: the fees are built into the spread. The spread cost is 1.1 pips during peak trading hours. The Standard account has higher spreads compared to other account types.
Inactivity feeNo Inactivity fee

Similar Trading Sites
Robinhood Review


CFD Fees

ATFX CFD fees for a $2,000 long position held for one week

S&P 500 index CFD fee$2.1
Europe 50 index CFD fee$1.7
Apple CFD fee$8.3

Forex Fees 

ATFX forex benchmark fees of a $20,000 held for one week

EURUSD benchmark fee$7.2
GBPUSD benchmark fee$5.1
AUDUSD benchmark fee$6.9
EURCHF benchmark fee$4.8
EURGBP benchmark fee$7.5

Deposit & Withdrawal

ATFX has a fast withdrawal and deposit process. It allows deposition and withdrawal through credit/debit cards, bank transfer and electronic wallets. 

ATFX has 3 base currencies. 

Trading Platform

ATFX does not have its own trading platform, so the trading platform is provided by MetaTrader. Which provides a highly customizable and user friendly, modern trading platform. 

MetaTrader platform is available in 41 languages.

The platform is available in 3 forms:

  1. Web Trading 
  2. Mobile trading 
  3. Desktop Trading

Products Offered

ATFX offers only forex, crypto & CFD. It does not deal in real time assets such as stock, bonds and mutual funds. 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ATFX Product Selection

Currency pairs (#)70
Stock Index CFDs (#)13
Stock CFDs (#)170
Commodity CFDs (#)10
Cryptos (#)4
atfx

Social Trading 

ATFX  also offers social trading. You can register yourself with MetaTrader and can copy trade ideas of fellow traders. This allows you to learn new methodologies and ideas for trading. 

Education

ATFX provides good educational tools. It provides books, demo accounts and videos to learn about the platform and trading.

It provides you the following ways to improve your knowledge:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles
  • Platform tutorial video

Is ATFX Regulated?

Yes, it operates under four legal entities, regulated by the following financial authorities:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Authority of St. Vincent and the Grenadines
  • Financial Services Commission of Mauritius

Is ATFX safe?

ATFX is regulated by top notched financial institutions. It also provides customers with some protection amount. 

ATFX legal entities

Investor Protection Amount RegulatorLegal Entity 
£85,000Financial Conduct Authority (FCA)AT Global Markets (UK) Limited
€20,000Cyprus Securities and Exchange Commission (CySEC)ATFX Global Markets (CY) Ltd
No protectionFinancial Services Authority of St. Vincent and the GrenadinesAT Solution Limited (ATGM)
No protectionFinancial Services Commission of MauritiusAT Global Markets Intl Ltd

Customer Support 

You can contact ATFX via:

  • email
  • chatbot (intelligent FAQ)
  • Phone
atfx
Pros Cons
Low forex feesLimited product portfolio
Free deposit and withdrawal optionsNo fundamental data
No inactivity feeHigh minimum deposit for accounts other than ‘Standard’
Credit/Debit card availableNo price alerts
User-friendlyNo fundamental data available

Similar Trading Site
XM Review


The Verdict 

ATFX is regulated by top institutes. On one hand, it supports low forex fees, no inactivity fees and no deposit/withdrawal fees.
On the other hand, the product range is limited to forex, CFDs and cryptos. No 24/7 support available.

But as trading fee are low, has no inactivity fees and provides demo account as well, feel free to try ATFX.


FAQ’s

How do I deposit money into my account?

Depositing into your trading account is easy, follow the steps below:

1- Log in to your secure client portal. This can be accessed via the homepage.

2- Click ‘Deposit’.

3- You will be given two options, deposit via ‘Bank Wire Transfer’ or ‘Deposit Online’. ‘Deposit Online’ refers to credit/debit card or e-wallet solutions.

4- Choose the option you’d like to use and follow the prompts to the payment method

How quickly will my deposit be in my trading account?

The processing time of your deposit will depend on the deposit method. If you deposit via credit/debit card or e-wallet, you will usually see your funds hit your account within thirty minutes.

If you are depositing via bank transfer, then funds will be credited to your account within one working day from the day we receive the funds into our bank account.

Do you accept payments from third party accounts?

We do not accept third party payments. The deposit must come from an account under the client’s name. This can be via bank transfer, credit or debit card, and e-wallet.

What is the maximum I can withdraw from my account?

There is no maximum daily transaction amount for credit/debit card, bank transfer and e-wallets. For large withdrawals, you may be contacted to confirm your request.

ATFX Review

9.1

Account

9.4/10

Trading Platform

9.2/10

Products Offered

8.9/10

Customer Service

9.0/10

Pros

  • No inactivity fee
  • Low forex fees

Cons

  • Limited product portfolio
  • No fundamental data

Leave a Reply

Your email address will not be published. Required fields are marked *