tradingcritique.com gives you the updated ATFX Broker review for the year 2023. ATFX is a regulated CFD broker. To know about the detailed product guide such as the account types, trading platforms, financial instruments, fees, customer support, etc of ATFX along with its regulations read further.
tradingcritique.com checks the trustability of the broker through its regulations and user reviews. Our Trading Critique Experts analyse all the features and drawbacks of ATFX to produce this Broker review. The information given in this article are more transparent and we do not get paid from the ATFX broker side to produce this review. If you have any doubts you can ask your questions here and we will contact you back.
- Minimum Deposit: $100
- Max Leverage: 1:400
- Trading Commissions: 0
- Regulated by: FCA, CySEC, FSC
- Financial instruments: CFD trading on Forex, Indices, Commodities, Shares, Crypto
- Customer support: 24/5
- Trading Hours: 24/7
- Deposit Fees: 0
ATFX (https://www.atfx.com/en/) is a globally recognized and award-winning online Forex and CFD broker. AT Global Markets (UK) Ltd was founded in 2017. It has its headquarters in Cornhill in London (UK). It has been authorized and regulated by several territories such as Europe, Asia, South America, and the Middle East. More than 450+ employees are working in ATFX in about 14 different countries.
ATFX use MetaTrader 4 trading platform for trading. ATFX provides 3 different types of accounts with a free demo account. The underlying market assets available in ATFX to do CFD trading are Forex currency pairs, global indices, commodities, cryptocurrencies, and shares. They offer customer service in more than 14 languages via Email, Phone calls, Messenger, and live chat.
Regulation and trustability
ATFX was regulated and licensed under FCA, CySEC, and FSC. The regulations in various countries with other details are given in the table below.
Table 1: Country wise Regulations, Company and Licence details of ATFX
CountryCompany nameRegistration detailsRegulations
United Kingdom
AT Global Markets (UK) Ltd
Registration Number – 760555
Financial Conduct Authority (FCA)
Cyprus
ATFX Global Markets (CY) Ltd
License Number – 285/15.
Cyprus Securities and Exchange Commission (CySEC)
The Republic of Mauritius
AT Global Markets Intl Ltd
License Number – C118023331.
Financial Services Commission (FSC)
Saint Vincent and the Grenadines
AT Global Markets LLC
Company number – 333 LLC 2020
A limited liability company not regulated
The residents of some countries are not authorized to do trading with ATFX due to regulations and ATFX is not accepted by these countries legally. If some country has local laws and regulations against trading that is being done in ATFX, such residents are also not allowed to do trading with ATFX.
The following Countries’ residents are not allowed to trade with ATFX,
- Canada (Provinces of British Columbia, Quebec, and Saskatchewan)
- Japan
- Taiwan
- The Democratic People’s Republic of Korea (DPRK)
- Iran
- The United States of America (USA).
Awards won by ATFX
ATFX has been awarded many awards. The list of some awards awarded to ATFX is given in the below table.
Table 2: Awards won by ATFX and the award details
| Awardee | ATFX is Awarded for |
|---|---|
| ADVFN International Financial Awards 2021 | Best LATAM Region Broker |
| ADVFN International Financial Awards 2020 | Best Online Trading Services |
| Rankia Awards 2020 | Best FX Broker |
| World Forex Awards 2019 | The Most Transparent BrokerThe Best Educational Program |
| World Finance Forex Awards 2019 | Best Forex Customer Service |
| OnlineBroker-Portal Award 2019 | #1 Best Client Support |
| Online Personal Wealth Awards 2018 | Best NDD Forex Broker |
| Forex Awards 2017 | Fastest Growing Forex Broker, Europe |
Investments, Products, and Instruments
ATFX provides underlying assets to do a type of Derivative trading called CFD trading. They provide Competitive and tight spreads with Zero commission for all the trading instruments. The number of underlying market assets that are available in ATFX are the following,
- Forex Currency pairs – 40+
- Global Indices – 13
- Commodities – 4
- Cryptocurrencies – 4
- Shares – 50+
Table 3 : Different types of trading instruments available in ATFX to do CFD trade explained with their features
| Instrument types | Features to trade in ATFX | |||||
|---|---|---|---|---|---|---|
| Forex | CFD trading using Forex Currency pairs as underlying assetsMajor, Minor and Exotic Forex Currency pairs availableCompetitive spreads on EUR/USD and GBP/USD24/5 Forex trading40+ Forex Currency pairs are availableZero Commission | |||||
| Major Currency PairsEUR/USDUSD/JPYGBP/USDUSD/CHFAUD/USDNZD/USDUSD/CAD | Minor Currency PairsAUD/CADAUD/CHFAUD/JPYAUD/NZDCAD/CHFCAD/JPYCHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/GBPEUR/JPYEUR/NZDGBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/NZDNZD/CADNZD/CHFNZD/JPY | Exotic Currency PairsEUR/HUFEUR/PLNEUR/TRYUSD/CNHUSD/HKDUSD/SGDUSD/CZKUSD/DKKUSD/HUFUSD/MXNUSD/NOKUSD/PLNUSD/RUBUSD/TRYUSD/SEKUSD/ZAR | ||||
| Shares | CFD trading of Shares/StocksInternational stocks available for CFD trades50+ Hong Kong’s hottest stocks available with minimum spreads from 0.04 to 0.60Zero Commission with no hidden feesLeverage 20:1Some examples of International and Hong Kong stocks available in ATFX is listed below. Many more shares are available to do CFD trades. | |||||
| International StocksApple, Inc.Amazon.com, Inc.American Express CompanyBoeing CompanyCitigroup Inc.Caterpillar Inc.Costco Wholesale CorporationWalt Disney CompanyeBay Inc.Ford Motor CompanyFacebook, Inc.FedEx CorporationGeneral Electric CompanyGeneral Motors CompanyGeneral Motors Companyoldman Sachs Group, Inc.Deutsche Lufthansa AGVolkswagen | Hong Kong StocksCK Hutchison HoldingsHSBC HoldingsHenderson Land DevelopmentcMTR CorpSwire Pacific LtdAli HeathCathay Pacific AirwaysTingyi HLDG CoJiangxi Copper Co LtdFosun InternationalZTE CorpXinyi Glass Holdings LtdKuaishou TechnologyAIA GroupICBCNongFu SpringAlibaba Group Holding Ltd | |||||
| Indices | Secure and Convenient CFD trades of IndicesRisk management tools – Stop Loss, Limit orders13+ Indices available to trade in ATFX are, | |||||
| CHI50HK50AUS200EU50ESP35FRA40SPX500 | GER30IT40JP225*UK100US30NAS100 | |||||
| Commodities | CFD commodities trading4 Commodities under precious metals and Crude oil are availablePrecious metals CFDsXAU/USD – London Gold (Spot Contract)XAG/USD – London Silver (Spot Contract)Crude Oil CFDsUSOIL – US WTI Crude Oil SpotUKOIL – UK BRENT Crude Oil Spot23/5 Commodities CFD trading | |||||
| Crypto | Cryptocurrency CFD TradingBitcoin, Ethereum, Litecoin are available cryptos in ATFX24/7 Crypto CFD trading | |||||
| Crypto InstrumentsBITCOIN CFDsETHEREUM CFDsLITECOIN CFDs | Minimum Spread4065 | Margin Rate50%50%50% | ||||
Image 3: Trading instruments to do CFD trading in ATFX
ATFX Trading Platform
ATFX provides a trading platform to runs on both Mobile and PC. They offer the well-known MetaTrader 4 (MT4) trading platform on Windows OS, Mac OS, Web trader, Android (mobile and tablet), and iOS (iPhone and iPad).
MetaTrader 4
MetaTrader 4 (MT 4) is a well-known trading platform that is available worldwide. This platform is easy for beginners to customize and learn. MT4 supports mobile, iOS and Windows systems in different languages and different currencies. Automated trading strategies are also available, and it is offered through professional advisors.
MT 4 offers the following features for trading in ATFX,
- Automatic trading strategies
- Multiple Timeframes
- 1280-bit data encryption for security
- Multiple Device compatibility
- 30 built-in Technical Indicators
- Free Custom indicators – 2000+
- Paid Custom indicators – 700
- News and alerts
- Trading signals
- Dynamic charting
- Fully customisable
Image 4: Using MT4 Trading platform with ATFX
Mobile Trading
ATFX offers a Mobile version of the MetaTrader 4 platform. It has features like customizable indicators, multi-language support, real-time market information with 24/5 customer service. The mobile app is available in Android and Apple iOS versions, which has been downloaded by 1000+ users.
Account Types
ATFX offers 8 types of accounts running on the MT4 platform. 6 out of these 8 Accounts are Retail Trading accounts for Retail traders whereas the other two is Professional Account for Professional traders. Along with these 8 accounts, ATFX also provides a free Demo account. We will see in detail the account type and its features in the below sections.
The eight ATFX Account types are,
- Micro Account
- Standard Account
- Classic Account
- Edge Trading Account
- Raw Account
- Premium Account
- Professional Edge Account
- Professional Premium Account
ATFX Micro Account
After practising your trades in the ATFX Demo account, you can try trading in ATFX Micro account because of its low minimum deposit. With just $100 of minimum deposit, you can access all kinds of financial markets available as underlying assets to do ATFX CFD Trading.
The features of the ATFX Micro account are
- Minimum Deposit – $100
- Leverage – up to 1:400
- Competitive spreads – from 2.6 pips
- Lot size – from 0.01
- No commissions
- Unlimited simultaneous open orders
- One-click trading
- Trading from charts allowed
- Maximum trade lots – 20
- Access to ATFX trading academy
- Newsletters and
- Market analysis
- Segregation of funds
ATFX Standard Account
ATFX UK Standard account is authorized and regulated by FCA with negative balance protection. The minimum deposit for opening ATFX standard account is $/€/£500. Most of the features available in other account types are available for this account also with proper customer service though the minimum deposit amount is less.
ATFX Classic Account
ATFX Classic account can be opened with a minimum deposit and minimum balance of $1000 with no commission. The features slightly differ from the ATFX Micro account.
The features of the ATFX Classic account are,
-
- Minimum Deposit – $100
- Leverage – up to 1:400
- Competitive spreads – from 2.8 pips
- Lot size – from 0.01
- No commissions
- Unlimited simultaneous open orders
- One-click trading
- Trading from charts allowed
- Maximum trade lots – 20
- Access to ATFX trading academy
- Newsletters and
- Market analysis
- Segregation of funds
- Trading Signal Service
ATFX Edge Trading Account
This Edge account needs a minimum balance of up to $ 5,000. ATFX has the right to convert the Edge account to a Standard account if the value in your ATFX trading account reduces to $ 5,000. This account has no commission with negative balance protection.
The Features of the ATFX Edge account are,
- Spreads – from 0.6
- Leverage – up to 1:30
- No Deposit Fee
- Negative Balance Protection
- Expert advice
- Hedging allowed
- No commission
ATFX Raw account
ATFX Raw account can be opened only if you have a minimum ATFX trading account balance of $10,000. You must maintain this amount to continue with your ATFX Raw account. This account provides tight spreads, and you need to pay a commission for it. You can use Free VPS (Virtual Private Server) under this raw account.
The features of the ATFX Raw account are,
- Minimum Deposit – $10,000
- Leverage – up to 1:400
- Competitive spreads – from 0.0 pips
- Lot size – from 0.01
- Commission – up to $7 per lot
- Unlimited simultaneous open orders
- One-click trading
- Trading from charts allowed
- Maximum trade lots – 20
- Access to ATFX trading academy
- Newsletters and
- Market analysis
- Segregation of funds
- Free VPS (Virtual Private Server)
- Trading Signal Service
ATFX Premium Account
ATFX provides an exceptional premium service under this ATFX Premium account. You should maintain a balance of $10,000 to have an active ATFX Premium account. This has a choice to buy and sell via VPS (virtual private server) without charges.
This account has tight spreads with Zero commission. As an ATFX premium account holder, you can have access to Private ATFX events.
When any Broker says ‘No commission’ it means that they profit from the difference in the Spread for buying and selling of the same financial asset.
The difference between ATFX Raw and Premium account is that, in the Raw account there is commission with spreads from 0.0 pip whereas in Premium there is no commission with spreads from 1.0 pip. Either way ATFX profits and get a commission. In the Raw account they get it directly in the name of commission and from the Premium account they get a commission from the spreads indirectly.
The features of the ATFX Premium account are,
- Minimum Deposit – above $10,000
- Leverage – up to 1:400
- Competitive spreads – from 1.0 pips
- Lot size – from 0.01
- No Commission
- Unlimited simultaneous open orders
- One-click trading
- Trading from charts allowed
- Maximum trade lots – 20
- Access to ATFX trading academy
- Newsletters and
- Market analysis
- Segregation of funds
- Free VPS (Virtual Private Server)
- Trading Signal Service
- Access to private ATFX events
ATFX Professional Account
ATFX professional account is for Professional traders. You need to fulfil some eligibility criteria to qualify for the Professional account. You will have fewer restrictions and more options to trade in the Professional account compared to the other accounts.
All Regulations does not apply to a professional account such as negative balance protection. Hence, only expert traders should opt for this account type as it is risky for novice traders.
The Eligibility Criteria to Qualify for an ATFX Professional account are,
- Currently working or have experience in the financial sector with proper knowledge about derivatives trading
- 10 Significant sized transactions in trading per quarter in the past year
- Need the value Financial Instrument portfolio with cash deposits to exceed more than €500,000
Only if the above-mentioned eligibilities are fulfilled you can open an ATFX professional account.
ATFX offers two types of Professional accounts namely, Edge and Premium. Its features are explained in the table below.
Table 4: ATFX Professional account types with their features
| ATFX Professional Account type | Minimum Deposit | Spreads | Instruments tradable |
|---|---|---|---|
| Professional EDGE | $/€/£5000 | Competitive Spreads | All |
| Professional Premium | $/€/£10,000 | Raw Spreads | Shares and Cryptocurrencies are not tradable |
ATFX Demo account
ATFX offers a free demo account. When you create a demo account, they offer a $50,000 virtual balance in your account. The funds are virtual, so you can’t withdraw money from the demo account.
You can switch from your demo account to a live trading account at any time. In the ATFX Demo account too, you can find real-time market information like 24/7 News Express, Economic Calendar, etc.
Image 5: Opening a Demo Account in ATFX
Fees, Commission, and Bonus
In the ATFX standard account, the minimum deposit amount is $100. They do not collect any fee for money transfers, including the transfers made via bank transfer, credit/debit card, or e-wallet. The different methods of Card and E-Wallet transfers accepted in ATFX are,
| Debit/Credit card | E-Wallets |
|---|---|
| VISAMASTERCARD | NETTLERSKRILLPERFECT MONEYCASH UMPESANganluong |
Image 6: Deposit methods in ATFX
The limitation on the deposit amount varies depending on the method of deposit. The minimum deposit amount per day in various transactions is given below,
- Skrill and Neteller – €/$/£ 10,000
- Credit and Debit card – €/$/£ 35,000
- Bank Transfers – No Limits
The minimum withdrawal amount is €/$/£100. Any amount above €/$/£100 can be withdrawn free of cost, even the full balance of the account. When you withdraw less than €/$/£100, ATFX will charge up to $5. Withdrawal days depends on the banking process, taking a maximum of 7 business days.
ATFX Broker Review – Customer support
ATFX offers customer service in more than 13 languages including English, Cantonese, Mandarin, Spanish, Italian, German, Arabic, Vietnamese, Thai, Uyghur, etc. They can be reached via Email, Phone calls, Facebook messenger, and live chat.
ATFX serves 24/5 and also provides a personal adviser to its clients. The Global Email to contact ATFX customer support is cs.uae@atfxgm.com. The nearest customer care details are available on the Contact us section of the ATFX website. The Hotline phone numbers for various countries are listed in the table below.
Table 5 : ATFX Hotline numbers for different countries
| Country | Free Phone numbers to contact Axi |
|---|---|
| International Phone | 971 4 875 4100 |
| China | 400-1200-143 |
| Korea | 007 981 420 302 10 |
| Malaysia | 1800 81 3690 |
| Philippines | +63 (2) 231 2153 |
| Taiwan | 0080 112 7901 |
| Thailand | 1800 01 2752 |
| Vietnam | +84 284 458 1666 |
ATFX has also received various awards for the Best Customer Service, namely,
- Best Forex Customer Service award ➦ World Finance Forex Awards 2019
- Best Customer Service award ➦ ADVFN International Financial Awards 2019
Education and Research
ATFX has researched and compiled news on Trading Strategies, Global Financial Markets Activities, Financial Events, Quarterly Market Outlooks, Market Analysis, etc. They provide free education resources like videos, Ebook, Seminars, Courses, Glossary, etc.
ATFX has clearly explained the different types of ATFX market assets and how to trade with them. What is mt4? How to use it? What are its features? are explained in a useful way for beginners or those who do not know about MetaTrader 4. They have also given a lecture on how to use the demo account with a video tutorial.
Under the ‘Learn to Trade’ section from the ATFX main menu, you can find information about,
- Fundamental analysis
- Technical Analysis
- Market News
- Trading Strategies
- Forex Forecast
- ATFX Trader Magazine
- Global finance Outlook
- Financial Events
- Expert’s Trading Tips
- Trading Webinars
- Trading Seminars
- ATFX tools for trading
- Trading Central
- trading Courses
Image 7: Education section in ATFX
