ATFX Review In-depth Forex Broker Review of the Broker ATFX

Forex brokers provide their clients with a wide selection of automated order-processing solutions. The forex trading platform is customised to the client’s needs because individual clients may have varying market-monitoring styles and preferences. There is extraordinarily little information regarding the account features on the broker’s website apart from the range of markets, the platform type, and what traders can expect.

What exactly does ATFX offer products-wise?

You can use a fixed number of pips to set an exit price or a stop-loss every time you open a new trade. Pips play an important role in risk management during forex trading as a price movement measurement. There are substantial risks involved with trading financial instruments, risks that are not suitable for all traders. ATFX does not charge a conversion fee, but all accounts have USD as the base currency. When making a deposit, traders will see the current exchange rate in their Client Portal.

ATFX Professional Clients

• Traders should also seek out brokers who offer a free demo account, as this will allow them to conduct a test run of the broker’s features before deciding to sign up for a live trading account.
• Never get too confident when you have a good run of profits or too scared when a few trades go against your predictions.
• Web TV – which contains live recordings, professional financial commentary, and an overview of market movements in addition to actionable trade ideas.
• The pending order is triggered, then transacted and executed in the form of a market order.
• The company has a strong global presence and license regulated, recently expanding its reach to Australia and Iraq, and more exciting expansion.
• The ATFX educational programme ensures that clients have access to the knowledge they need to be successful with online trading.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The broker does not charge a withdrawal fee on withdrawals from USD 100 and more to debit/credit cards and electronic payment systems. However, if the customer withdraws a lower amount, the broker’s fee is USD 5. It’s important to note that payment systems may charge additional withdrawal fees, which can vary depending on the location and currency. The most common way of withdrawing funds from the platform is through wire transfers, which can generally take up to 7 business days for the funds to arrive. Alternatively, clients can withdraw funds with Visa and Mastercard cards or via electronic payment systems, such as Skrill and Neteller, which are usually much faster.

Quarterly Market Outlook

These are divided by category, such as forex majors, minors, and exotics. Other categories include metals, oil, indices, cryptos, and shares. There are also spread betting https://forexarena.net/ trading conditions outlined for FX majors, FX minors, metals, oil, and indices. These include a lack of negative balance protection and waived restrictions on CFDs.

ATFX Spreads, Fees, and Commissions

Once you validate the live account, you can contact ATFX customer service to switch to an Edge Account. If your Edge Account drops below the $5,000 equity minimum, ATFX may change it to a Standard Account. The regulation and authorization from the FCA are for ATFX to be a CFD and FX broker. As part of its FCA regulation and authorization, ATFX follows the agency’s strict regulatory requirements.

Company

That being said, it is not available to clients in certain countries of the world. These include Yemen, Vanuatu, Tunisia, Trinidad and Tobago, and Sri Lanka. It also includes Bosnia and Herzegovina, Iraq, Ethiopia, Syria, Sudan, DPRK, and Turkey. ATFX cannot be used in Cuba, Japan, Iran, Canada, or the USA either. It is best to confirm that ATFX is available in your country if it is not explicitly stated.

It was named the Best NDD Forex Broker 2018 from the Online Personal Wealth AwardsMoneyAM. ATFX was also honored with Best Forex Customer Services 2017 at the Entrepreneur JFEX Awards and 13th Jordan Forex Expo. It was named the Top Forex Broker 2017 by Third Session of Chinese Foreign Exchange Brokers Annual Conference HT Financial. ATFX was also the Best Branded Broker 2017 from Shenzhen Huiyu Financial. It was also the Best Forex Broker 2017 at Tapei International FinanceWord Forum FinanceWord. This is a daily market report and you can download it right from the ATFX website.

Forex trading platform is an accepted software interface that lets traders access all the tools needed for order placement. You use these software platforms to execute all the buy or sell orders when you trade forex. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis.

ATFX offers one type of trading platform, namely the highly popular MetaTrader 4. While this might seem like a limited offering, MT4 is possibly the most popular trading platform today due to its suite of advanced features and fast execution. Withdrawal of funds is only available to clients who have provided their supporting documents and have had their trading accounts validated. ATFX is considered a low-risk and can be summarised as a trustworthy forex broker. This includes market news and analysis for popular products such as oil, precious metals, indices, gold, crypto, and FX majors.

Trading Central – Unlimited access is given to Trading Central (subject to account type), providing clients with an unbiased customisable view of the markets. ATFX’s Global Chief Market Strategist, Alejandro Zambrano, delivers a daily webinar which discusses the current state and trends of financial markets. During these webinars, there are real-time insights provided to traders who can share in Zambrano’s twelve-year wealth of knowledge and trading expertise. He has been recognised by Reuters, CNBC, and Bloomberg respectively. Traders should also seek out brokers who offer a free demo account, as this will allow them to conduct a test run of the broker’s features before deciding to sign up for a live trading account. As expected from a broker, ATFX does indeed have an economic calendar.

Margin is the deposit with your broker to control a much larger position size. Leverage allows you to trade a lot size that’s bigger than your deposit, but the margin acts as a guarantee to cover potential losses. Furthermore, it is not wise to measure success in forex according to how much you can earn in one trade.

The company has a strong global presence and license regulated, recently expanding its reach to Australia and Iraq, and more exciting expansion. My IB have been trading with ATFX for a long time, no slippage, great service and fast resolution. Spread is the difference between atfx trading platform the bid (buying) price and the ask (selling) price of a currency pair. Lot size is amount of currency you’re trading in a single transaction. Standard lot sizes are typically 100,000 units of base currency, but there are also mini, micro, and nano lots with smaller amounts.

As far as the Spot Forex offer is concerned, ATFX boasts great order execution, attractive leverage, and a superb client portal for account management – among other things. Some reviewers say their spreads are not quite tight enough, and it’s true that spreads seem to be above average, compared to competitors. There are also allegations that the site does not offer a choice of trading platforms, but we found that simply does not hold water.