Is ATFX A Safe Broker?

atfx broker review

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. Trading Central is known for its top-tier technical analysis resources. ATFX clients get access to Trading Central features, helping with the full array of investment strategies.

  • Still, the features AFTX offers make it an option worth considering for private and even professional traders.
  • There are some sections with FAQs, such as those related to trading.
  • All the above-mentioned features make the functionality of the brand exceptional.
  • Its education section is well-structured, thorough, and genuinely useful for new traders.

ATFX offers a wide range of educational resources to help traders improve their skills and knowledge. For refunds to credit/debit cards, the process typically takes 2-5 business days after the withdrawal has been successfully processed. However, if there are restrictions preventing funds from being returned to the card, ATFX may request a valid bank statement and return the funds to the trader’s registered bank account. In such cases, the trader will be contacted by their relationship manager. For other financial instruments such as commodities, indices, and shares, the trading fees may vary depending on the specific asset class and trading platform used.

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In terms of withdrawals, the same methods and accepted currencies apply and there’s a suggested processing time of one day for each. However, this must be made before 2pm UK time and they state they’re not responsible for any delay. It’s really refreshing to have everything laid out so clearly for our ATFX broker review 2023. You’ll need to decide which trading account is right for you. We mentioned some of the options earlier in this ATFX broker review 2023.

They’re authorised and regulated in the UK by the Financial Conduct Authority. This will be the most relevant example to many of our readers. On top of that, they’re also authorised and regulated by the Cyprus Securities and Exchange Commission and the Financial Services Commission. In other words, they are entirely legitimate and must abide and operate by a strict set of standards and rules. This is as simple as choosing which method is right for you, entering the relevant information and confirming. Always verify that your broker is licensed by your local financial regulator (i.e. FCA United Kingdom).

What is the minimum deposit at ATFX?

They asked for a larger payment to enable me to expand my investment; but, when they declined, I asked for a small withdrawal of my profit. Even though I correctly filled out all of my paperwork, the withdrawal did not go through. Without them, they would have held my money in their possession forever. Instead, investors should choose a separate trustworthy broker because the majority of online investment firms are frauds and can’t be trusted most especially the ones without physical office.

atfx broker review

The site utilises the latest SSL encryption technology to safely secure all personal and financial information and comes equipped with some of the most trusted payment methods online. The company constantly looks for ways to enhance the overall payment structure to provide a highly efficient, simplistic, and secure banking experience. There are no fees when it comes to making a withdrawal and ATFX usually processes all withdrawal request within 24 hours. ATFX offers three account types with different trading conditions and deposit requirements.

Non-trading fees

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.

  • This is as simple as choosing which method is right for you, entering the relevant information and confirming.
  • To get things rolling, let’s go over some lingo related to broker fees.
  • While ATFX has received positive feedback from some traders, as with any brokerage firm, there are also negative reviews and complaints online.
  • You will also see the previous markets as well as reports of recent months that have passed.

It’s for this reason that the company decided to change their name to ATFX and cater to the retail trading market on a global scale. The minimum trade size when it comes to forex is one microlot, and the company offers negative balance protection along with hedging and scalping. According to the requirements of MiFID, the operator keeps the monies of its users in segregated accounts, with top European financial institutions. The group AT Global Markets (UK) is also a member of the Financial Services Compensation Scheme (FSCS), which covers eligible investments of up to £85,00 per person, per firm. From a regulatory perspective, ATFX’s main “partner” is obviously CySEC.

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It would also be pertinent to mention that apart from Malaysia and other countries, they are also actively present in North America and the Middle East. 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.

It can lead to a great deal of time savings in research or supplement a client’s other research strategies. Trading Central also includes advanced features such as adaptive candlesticks that recognize candlestick patterns in real-time continuation and reversal. It also has Adaptive Divergence Convergence based off the MACD indicator. This tool allows for the visualization of buy and sell signals right off the charts. The research displayed in Trading Central utilizes chartist analysis to determine targets and price direction. It also includes mathematical models to determine timing relevance and confirm directions.

To add to the protections in the unlikely event of insolvency, AT Global Markets (UK) Limited clients have FSCS coverage. The Financial Services Compensation Scheme is available to clients in organizations regulated by the FCA. The scheme comes into play in the rare case that ATFX cannot satisfy its repayment claims. In this situation, the FSCS provides as much as £50,000 in compensation per person for eligible investments.

Is ATFX a regulated broker?

ATFX operates in a well-regulated and highly governed sector of the financial services industry. Our operations are subject to a range of local and regional regulations that govern how we conduct ourselves. These regulations include capital requirements, which compels us to have a certain level of capital to trade.

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