Atiora Forex Review
Atiora offers its clients a choice of several basic account types in order to suit the needs of traders of all levels of experience and preferences. The tightest spreads are delivered on the ECN Pro account, where a commission applies, while the other two account types are commission-free. Micro lots are available for trade on all account types.
In addition, swap-free (Islamic) services are available for all account types upon request from clients who are not willing to earn interest for religious reasons.
In Addition, Atiora offers PAMM (Percent Allocation Management Module) services to investors and money managers. PAMM accounts allow money managers to manage multiple accounts without having to establish an investment fund or firm.
The Company. Security of Funds
Founded in 2015, Atiora is an ECN/STP offshore broker offering trade in 60 currency pairs, various CFDs and precious metals on the renown MetaTrader 4.
There are two companies behind the brand: Atiora Ltd., registered as International Business Company (IBC) in St. Vincent and the Grenadines (SVG), and Atiora Markets Ltd., incorporated in the Seychelles.
Both the Seychelles and SVG are famous offshore forex destinations with less costly registration procedures and liberal control over brokerage firms.
Companies registered in these jurisdictions are not obliged to possess certain minimum capital, to keep client money in segregated accounts, nor to arrange a compensation scheme in the event of insolvency.
That is why, if you plan to invest a large amount of money, we would advise you to select among brokers regulated in the EU (e.g. Cypriot of UK-based) or Australia, or another jurisdiction, where the respective financial watchdogs are on alert.
Minimum Initial Deposit
There is no minimum deposit on any account with this broker. Yet, in order to place an order, one has to deposit at least $1. ECN environment is accessible with just $50. These are symbolically low amounts, as most brokers require at least $100 – $300 from traders as a start. In comparison, ForexBrokerInc, registered on the Marshall Islands, requires $100 from its clients as a minimum for all account types.
Average Spreads & Commissions
This broker offers floating spreads, which vary by account type: the ones on the Classic account type are pretty high, starting from 2.5 pips for the EUR/USD pair. The ECN accounts offer tighter spreads, averaged 1.1 pips and 0.2 pips for the STD and PRO accounts, respectively. If we add the commission of $8 per lot round turn applicable to the spread of 0.2, it turns out trading costs on both ECN accounts are similar – 1.1 and 1.0 pips lot for the EUR/USD pair, which is a fairly good deal.
In comparison, Belize-based FX Choice, offers average variable spreads of 0.5 pips on EUR/USD + $7 per lot (round turn) on its ECN accounts.For further information, you may check out and compare real-time spreads of 15 leading brokers here.
The maximum leverage rates at Atiora amount to 1:200, which is average. Yet, most forex brokers offer more. In comparison, SVG-based OctaFX and ForexBrokerInc both offer leverage up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.
Traders, however, should be aware of the risks associated with trading on margin – higher leverage levels may lead to losses, even exceeding initial investments.
Atiora offers its services on the popular MetaTrader 4 platform (MT4). The MT4 is available as PC, mobile a web-based version.
This fully-featured software provides traders with everything they need: fast order execution, a variety of technical indicators, advanced charting package and the ability to develop and to use Expert Advisors (EA). There are many different time frames to choose from and you can place a trade with a single click or within a chart. More brokers using the MT4 can be viewed here.
What is more, Atiora provides Trading Signals via MQL5. All you have to do is choose a signal you are interested in and subscribe to it in a few clicks. Besides, the broker has developed its own Forex Copy Service called “ACoFX“, which included the latest developments in the field of copy transactions carried out by international brokers and services (MQL5, TradingView, etc).
Methods of Payment
Clients of Atiora are offered a variety of payment modes to choose from: credit cards, bank wire transfers, and the following e-wallets: Skrill, Neteller, WebMoney, China UnionPay, FasaPay, OKPAY & Perfect Money.
Atiora is an offshore broker, offering competitive conditions for trading in various currency pairs and CFDs on the MT4 platform.