ATFX, a distinguished online broker, has earned accolades for its prowess in providing forex trading, CFDs, and spread betting services tailored for professional investors. In this 2023 exploration, we delve into the MetaTrader 4 (MT4) trading platform, assess account safety and security, and scrutinize leverage rates.
The ATFX Journey
Regulated in the UK, ATFX swiftly ascended, prioritizing customer service and maintaining competitive trading costs. The broker empowers professional clients to invest in various assets through a user-friendly platform, seamlessly supporting the MetaTrader 4 software. ATFX boasts competitive pricing, coupled with a cutting-edge client portal fortified by leading encryption security systems.
Leveraging state-of-the-art bridging technologies, ATFX ensures optimal rates from liquidity providers. Account initiation is swift, providing users the freedom to commence trading immediately, complemented by a free demo account for systematic system and strategy testing.
Additionally, ATFX facilitates super-fast deposit and withdrawal systems, accompanied by a mobile application for on-the-go trading. Clients relish 24/5 customer service from a seasoned team of experts.
Unveiling the History
Founded in 2017, ATFX UK thrives in Cornhill, the heart of the City of London. While targeting professional day traders, the platform caters to beginners with insightful learning and support features.
The Professional Trader Criteria
Embarking on a journey with ATFX necessitates meeting specific professional trader criteria:
- Professional financial services experience of at least one year with knowledge of derivatives trading.
- A track record of at least ten significantly sized trades per quarter over the last year.
- An investment portfolio, including cash deposits, exceeding €500,000.
To register for a professional account, contact firstname.lastname@example.org.
The Trading Platform: MT4 Dominance
ATFX orchestrates trading through the MetaTrader 4 platform, supporting all mobile devices. The Windows version offers multilingual, multi-currency trading support. A VPS service ensures continuous connectivity, and the MT4 desktop boasts customizable libraries, indicators, and scripts, accommodating diverse trading styles.
The MT4 platform hosts over 2000 indicators and 30 chart analysis tools. Users enjoy flexibility in setting preferred display methods and parameters for various chart types and indicators. Automated trading strategies, facilitated by Expert Advisors (EAs), elevate the trading experience.
While lacking MT5, ATFX compensates with a WebTrader plugin for the MT4 platform, optimizing web-based performance with features like one-click trading, real-time information, and advanced charting.
Empowering Traders: Trading Central
ATFX’s Trading Central stands as a premier technical analysis resource for professional clients, garnering respect globally. The facility furnishes in-depth analysis and technical strategies for assets spanning precious metals, commodities, and currencies. Affiliated with key associations and regulatory bodies, Trading Central enhances trader confidence.
Diverse Asset Portfolio
Clients at ATFX can engage in speculation across a diverse array of assets:
- Oil: Crude oil and commodity-based oil ETFs.
- Forex: A comprehensive selection of 44 currency pairs, available 24/5.
- Share CFDs: Over 170 major shares CFDs from Germany, Spain, the UK, and the US.
- Spread Betting: Speculating on price fluctuations of various assets, including forex and metals.
- Cryptocurrency CFDs: Bitcoin, Bitcoin Cash, Binance, Cardano, Chainlink, Dogecoin, Ethereum, Litecoin, Polkadot, Stellar, and Uniswap.
- Indices: 13 variations of share indices from the US, Europe, and Asia.
- Precious Metals: London Silver and London Gold, with leverage up to 1:20 for day traders.
ATFX’s “no dealing desk” policy enhances transparency in trading conditions.
Spreads & Commission:
Spread betting with ATFX entails no UK stamp duty or capital gains tax, coupled with competitive spreads at just 0.6 pips. Traders benefit from a maximum margin of 1:30, empowering speculation on both rising and falling markets. MT4 features stop-loss limit orders and balance protection.
ATFX offers default leverages for various assets:
- Oil: 1:100
- FX (Forex): 1:50
- Shares CFDs: 1:20
- Silver and Gold: 1:200
- Cryptocurrencies: 1:5
- Indices: 1:100 or 1:50 for USDX
ATFX’s mobile trading platforms, compatible with MetaTrader 4, cater to Apple and Android users. The apps empower on-the-go trading, offering advanced charting and full functionality.
Deposits & Withdrawals
ATFX facilitates fee-free deposits, supporting various methods like debit/credit cards, e-wallets, and bank transfers in EUR, GBP, and USD. Withdrawal requests are processed within one working day.
ATFX extends a demo account, a valuable tool for traders to acquaint themselves with the platform and refine strategies.
Deals & Promotions
Citizens of select countries can benefit from a rebate promotion, earning $2 per lot deposited $1,000 monthly.
i) Webinars: ATFX hosts webinars featuring Mr. Alejandro Zambrano, a seasoned professional trader, providing insights into technical and fundamental analysis.
ii) Forex Education Center: The platform houses a comprehensive forex education center, offering eBooks and courses on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, and capital management.
iii) Event Calendar: Traders receive real-time financial market news and overviews, enhancing their trading decisions.
ATFX UK holds regulation from the Financial Conduct Authority (FCA), ensuring client fund segregation. Additionally, the broker is regulated in North America and the Middle East, appealing to traders in diverse regions.
ATFX offers three account types: Standard, Edge, and Premium, with specific requirements and benefits. Notably, only the Premium account is available to professional traders.
While the site operates 24/7, trading aligns with market hours for respective assets.
ATFX earned the ADVFN award for Best Customer Service in 2019. The broker prioritizes a customer-centric approach, offering multilingual support through live chat, phone lines, and email.
Utilizing leading data encryption technology, ATFX ensures a secure trading environment. Client funds are held in segregated accounts, providing protection in case of insolvency. The broker is FCA registered, and client investments up to £85,000 are safeguarded under the FSCS.
The ATFX Verdict
Headquartered in London, ATFX stands out for its diverse asset offerings, competitive spreads, and user-friendly MetaTrader 4 platform. While catering predominantly to professional clients, the broker provides an array of features, ensuring a secure and efficient trading experience.
Pros and Cons:
- Prime execution and tailored liquidity for professional clients.
- Strong FCA and CySEC regulation with an excellent industry reputation.
- Unrestricted trading in the MT4 platform with competitive spreads.
- High-quality webinars, e-books, and trading courses for clients.
- Premium account holders gain full access to Trading Central.
- Limited support for retail clients.
- Sole reliance on the MT4 platform.
- Asset offerings are fewer compared to some alternatives.
In conclusion, ATFX emerges as a formidable player in the online brokerage landscape, delivering a blend of reliability, innovation, and regulatory adherence.
ATFX Broker Details
Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.