ATFX Review – is ATFX Scam or Legit Broker?

ATFX

3.5

Rating

3.5/5

Pros

  • CySEC law
  • EEA licensed under FCA
  • Segregated account
  • STP Execution
  • MT4 Demo Account

Cons

  • No Traders out of USA, Canada, Mexico, Brazil, Japan, Sri Lanka, along with many others.
  • Limited Assortment of shares to trade
  • Live Chat maybe not necessarily accessible

ATFX is owned and run by ATFX Global Markets (CY) Ltd. The investment services company is completely licensed to offer trading in financial tools, due to CySEC (Cypress Securities and Exchange Commission), together with permit #285/15. As a major European provider of FX trading solutions, customers may enjoy mobile and desktop gambling on MT4, and WebTrader MT4. Other financial tools incorporate gold and silver coins, indices, and crude petroleum. ATFX maintains a segregated account for client funds, and also the provider is currently EEA regulated with earnings as little as 0.4. Forex traders may enjoy demo account trading in no risk, or Real Money trading for this specific European Forex brokerage.

Overview/ desktop

ATFX was set in 2014. Initially, this Forex brokerage was created as a liquidity provider to get a vast selection of institutional customers. When it reached its intentions with institutional shareholders, ATFX chose to branch out in to the retail store. By breaking all the barriers to entrance in Forex trading, then this internet broker efficiently brings the store for you. Customers may like a userfriendly trading platform together with MetaTrader 4, and professional customer support 24/5. Localized service providers make it a lot easier to know the intricacies of this trading platform and also the monetary stores. To facilitate simple entrance, ATFX provides a 100,000 demo currency trading accounts under real store requirements.

Account Types

There are two basic account types in ATFX. Included in these are the actual currency trading accounts and also the demonstration trading accounts with a $100,000 automated deposit. To get into either of those reports, customers need to enroll in their own details. Be informed that ATFX Doesn’t allow Customers from many nations to enroll, such as Trinidad and Tobago, Sri Lanka, Ethiopia, Iran, Canada, Bosnia and Herzegovina, Vanuatu, Yemen, Japan, Democratic People’s Republic of Korea, Mexico, Brazil and many others.

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Trading Platform/ applications

ATFX provides customers with MetaTrader 4 (MT4) for Forex trading reasons. MetaTrader 4 is still an entirely downloadable program platform. This has been demonstrated to be probably the most effective, flexible, incorporated trading application to Forex stores. MetaTrader 4 is currently designed for desktop computers, and portable on Android along with iOS apparatus. In Addition, ATFX provides customers MT4 WebTrader. This enables one to trade out of the own browser over multiple apparatus. All are necessary to get into this potent trading platform is definitely an Internet connection including Wi-Fi, 3G, 4G etc.. No software download is needed. Top features of MetaTrader 4 WebTrader comprise 1-click functionality, whole store coverage, antivirus download, user interface, lightning-fast trades, and also full charting capacities. These features can also be available with the entire download model.

Deposit options

ATFX offers customers a restricted number of secure and safe financing procedures. Deposits are potential via bank cards and charge cards, bank wire, (varying in accordance with a provider). Later on, other deposit options such as Skrill and NETELLER is going to be offered by ATFX. With bank cards and charge cards, trades are completed immediately, and banking cables are processed based on this financial institution under consideration. To produce a deposit, then customers must log in to their accounts and navigate into the residue option.

Markets

A vast assortment of stores is now offered by ATFX, for example Forex, gold and silver coins, crude petroleum, and indices. All those classes include multiple fiscal tools:

Forex – major monies, currencies that are little, and exotic money pairs are all readily available for traders. These include AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, AUD/CAD, AUD/NZD, CHF/JPY, EUR/CAD, EUR/JPY, EUR/AUD, EUR/HUF, USD/CZK, USD/NOK, USD/RUB, USD/SEK etc.. Typically the most widely used pairs incorporate both the EUR/USD, USD/JPY, and GBP/USD.

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Precious alloys – Precious metals contain silver and gold. All these are available using all leverage of 1:200.

Crude petroleum – primitive oil is offered in contracts for difference (derivatives trading tools ). It comprises US petroleum plus UK oil.

Indices – multiple indices are obtainable for trading purposes, for instance, Australian S&P/ASX indicator, the French CAC40, also the German 30 DAX, Japan Nikkei 225, the UK FTSE 100, the US Wall Street 30, the NASDAQ 100, the S&P 500, and also the Spanish Ibex 25.

Bonuses

At the time of writing, ATFX failed to offer you any particular bonuses or promotional material deals on retail traders.

Customer Support

Customer service is open to customers 24/5. Support languages include English, Turkish, Arabic, French, German, Indonesian, Italian, Romanian, Russian, Spanish, Turkish, Tagalog, Vietnamese and Many More. Customers may get service agents directly at the headquarters at Limassol, Cyprus via snail-mail, or medially 8 AM and 6 PM Monday through Friday in 357-25-258-774. For detailed info on closing/modifying trading rankings, customers can reach support Monday through Friday 24/5 in 357-25-258-777. Email aid is obtained for general advice, service, new reports, disputes, backoffice and partnerships. Customers may send messages to customer agents through the internet conversation role that’s powered by TAWK.TO. But, chat functionality isn’t always offered.

Safety

Clients are protected in numerous manners once they trade in the ATFX. For starters, the client accounts have been kept in reputable foreign banks in accounts. In addition, this Forex broker is fully licensed and governed by the Cyprus Securities Exchange Commission (CySEC). Customers have full refuge in case of complaints or queries. Additional security measures include secure socket layer technology, full compliance with trading regulations and rules of the EEA and the European Data Protection Act. ATFX is subject to periodic audits, claims decent funding cushioning, also is an associate of this investor compensation fund. Much like licensed and regulated Forex brokers, ATFX is compliant with all anti-money laundering ordinances.

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Ease of Use

ATFX is extremely user friendly. New Forex traders have no issues registering for an account, either trading demo, or to get real. All of Forex pairs have been recorded under major, exotic or minor categories, and also other stock categories are also obviously displayed. Touch base with support is a piece of cake, and cross-platform functionality with the trading platforms will be ensured.

Final Thoughts

Whether you’re a newcomer Forex trader, or even a veteran professional, ATFX undoubtedly makes it simple to trade money pairs together with waves that are competitive, and lightning-fast executions.

Internet Site:
atfxgm.eu
Telephone:
357-25-258-774
Legislation:
CySEC
Pairs provided:
AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, AUD/CAD, AUD/NZD, CHF/JPY, EUR/CAD, EUR/JPY, EUR/AUD, EUR/HUF, USD/CZK, USD/NOK, USD/RUB, USD/SEK
Minimum Deposit:
$ 100
Spreads From:
0.4 PIPs
Max Leverage:
400:1
Markets:
Forex, indices, precious metals, crude oil