ATFX Review

ATFX Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this ATFX Review.

ATFX Review

ATFX is an international brokerage that offers its services on the ever popular MetaTrader 4 platform. It seems that the broker has a single commission-free account type with variable spreads, leverage up to 1:200 and the option to trade in Micro lots.

In addition, PAMM accounts are also available at ATFX.

ATFX Advanatges:

– Solid regulation

The main benefit of those who choose to trade with ATFX is its solid regulation. The brokerage is licensed by UK’s Financial Conduct Authority and is part of an international group who also has an entity regulated by Cyprus` CySEC.

MT4 supported

With ATFX, the renown Metatrader 4 is available in all forms and shapes: desktop download, web version and mobile apps.

The MT4 has proved its reliability over the years and has earned the love of many fx traders due to its ease of use, customization options, great charting, and automated strategies (EAs).

– Reasonable leverage levels

While most brokers offer higher leverage levels, trying to attract smaller players attempted by the chance to score bug profits on a small deposit, ATFX provides a ratio of 1:200 as a maximum. This should be enough to most traders, yet allowing a good risk management strategy.

– Commission-free trading

Trading at ATFX involves no commission fees, as the broker gets a remunreationb for its services through the spread.

ATFX disdvantages:

– Spreads above the average

Spreads offered by ATFX start from 1.8 pip on EUR/USD, which is above the average for the market. Most brokers offer spreads within the range of 1.0 – 1.5 pips for this pair. Some, like leading global brokerage IG provide evel lower spreads, floating around 0.6 pips on EUR/USD.

– Market Maker model

Although ATFX claims to offer STP execution, in its Terms and Conditions it admits to act as a principal to all trades, or as a Market Maker. The `shortest possible explanation of this is if you are trading with t market maker, you do not get direct access to the real decentralized forex market. Instead, the broker is sitting on the other side of the terminal, and pretty much trades against you.

– Undisclosed minimum deposit requirement

ATFX has not announced the initial sum it requires from its clients in order to open a live trading account. Most brokers require something in the $100-$250 range as a start. However, there are some players, that have not set such a requirement. For example, you can start trading with IG by investing just $1.

Conclusion

ATFX is a UK forex brokerage brand that offers access to the forex and CFD market through the popular MetaTrader 4 platform. While its trading conditions and product portfolio are nothing special or exclusive in the forex world, ATFX has a distinct advantage over many of its competitors, and that is, its solid regulation.

Actually, ATFX is a part of the AT Group, which includes several entities: AT Global Markets (UK) Limited, Positiva Markets (CY) Limited, and AT Global Markets Limited. The UK entity is regulated by the Financial Conduct Authority (FCA), the Cypriot one – by CySEC. We are not sure about the third company mentioned above, it appears to be targeting Chinese investors.

The Cypriot unit of AT Group, on the other hand, operates the ATFXGM brokerage brand (atfxgm.eu), whose terms and conditions appear identical to those of ATFX.

Forex broker regulation in both UK and Cyprus involves strict rules on client account segregation, minimum capital adequacy, transaction reporting, and many more. More importantly, FCA and CySEC licenses provide coverage by compensation schemes, if a licensed entity becomes insolvent– up to GBP 50 000 and $20 000 per client, respectively.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

ATFX Review Conclusion

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