Their wide range of trading tools helps me stay on top of market trends. ATFX’s mobile app is a game-changer, making it easy to trade wherever I am. The platform is stable and offers the same functionality as the https://traderoom.info/atfx-a-reliable-broker/ desktop version.
For each product, you can view the name, minimum spread, contract size, and minimum and maximum lot size. Keep in mind that there are specific product specifications for each account type. Those include Retail – Standard Clients, Standard – Edge Account, and Professional Clients. Crude oil is another highly liquid asset that can be traded with ATFX.
What support does ATFX provide to Introducing Brokers?
More information about the markets, the firm and potential face-to-face meetings are provided on the ATFX’s social media accounts. There are also resources to draw on that are more relevant to ‘how to trade’ rather than ‘what to trade’. The ATFX Webinars for example include sections on ‘Mastering Japanese Candlesticks’ and are provided free of charge.
How can I access ATFX’s market insights?
ATFX’s instruments offering is wide and diverse, allowing traders to exploit various trading opportunities. Deposits and withdrawals with ATFX are cost-free, but third-party banking fees may apply. The broker also imposes a $10 inactivity fee on an account after six consecutive months of dormancy. The fee is charged monthly until activity resumes or the account balance drops to zero. ATFX has been around for over 7 years and is regulated by nine authorities worldwide.
What markets can I trade on with ATFX?
Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk. Between 74-89% of retail investor accounts lose money when trading CFDs. The Premium account requires a deposit of $10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips, but there is a commission charge with this account. To open a live trading account with the broker, clients need to deposit at least $100 for the Micro account. The required initial deposit amount for other account types varies. We also debunk some of the myths regarding the broker and give a comparative analysis with some of its competitors.
- Commissions could be fixed or determined by the traded quantity.
- Partners also receive 24/5 live support from an assigned Account Manager.
- ATFX supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
- ATFX has partnered with Trading Central, one of the foremost market analysis companies in the world.
- The broker also imposes a $10 inactivity fee on an account after six consecutive months of dormancy.
Commission And Fees Explained
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. If you prefer trading on-the-go through your smartphone or tablet, ATFX gives you the option to download their trading app.
You can trade indices with ATFX, with 15 types of shares indices from Asia, the U.S., and Europe. The spot indices on ATFX have low margin requirements and low spreads. There is access to 1-to-1 customer support 24/5 plus tight spreads and no commissions. ATFX also has a mobile application for trading on the go and convenience. Clients can also enjoy full account management via the sleek client portal.
Market analysis and account management features can also be used through the web interface. However, there are overnight fees charged for positions held for more than one day. It is a trustworthy brokerage firm regulated by two reputable authorities, the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). These authorities enforce strict rules and guidelines to ensure that ATFX operates according to high standards. The broker has won several awards for providing good service and prioritizing customer satisfaction.
- MT4 and MT5 have built-in strategy testers so that traders can hone the parameters of their systems.
- Trading is done via MetaTrader 4 with support for all devices, both mobile and desktop.
- These tools are dynamic and suitable for both the new and seasoned traders.
- In accordance with the organization’s privacy regulations, customer data is never to be shared with some other institutions or individuals.
- Deposits are processed quickly, often instantly, while withdrawals typically take 1-3 business days.
- Spreads on stock CFDs can be as low as 0.05 pips and on major currencies they can be as low as 0.6 pips.
- ATFX is a versatile trading platform offering access to a wide range of markets, including forex, indices, commodities, cryptocurrencies, and shares.
If your Edge Account drops below the $5,000 equity minimum, ATFX may change it to a Standard Account. The goal of MiFID was to harmonize financial market governance in the EEA. It also aims to improve financial transparency, efficiency, competition, and consumer protection. With MiFID, investment firms are able to freely offer services within other member state’s territories or those of third parties. The only requirement is that the investment firm must have authorization for those services. The commercialisation of services and the acquisition of clients can only be carried out in Spain by an authorised entity or through a tied agent.
In other words, an internet broker is not necessarily influenced by the amount of customers they have. Download the ATFX MetaTrader 4 Program free of charge from Apple’s App Store. ATFX customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go. ATFX are a reputable brokerage that has been operating for over 11 years. ATFX, as a company, has a powerful collection of rules for ensuring fair trading onto its platform.