Professional client classification is also available from ATFX. Professional clients do not have to deal with the margin increases from the ESMA changes in 2018. The European Securities and Markets Authority restricted certain products for retail clients starting Aug. 1, 2018. They provide the best customer service, Their Platform are fast in execution and no charges when you trade. The customer services and sales team is very good could contact anytime.
In the case of profits on trades from deposits made with a card, the extra funds will go to a bank account. You must also fully verify your ATFX account before you can withdraw funds. ATFX offers an Edge Account that has better spreads and faster speeds. It is designed for advanced traders and also includes additional latency reduction. In addition to the regulation, ATFX complies with MiFID, the Directive on Markets in Financial Instruments.
What is ATFx technical analysis?
The goal of ATFX is to deliver the best possible trading experience. The broker has a client portal that is state-of-the-art and relies on the leading encryption systems. Spread bets and CFDs are complex instruments and come https://traderoom.info/difference-between-information-and-data/ with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Our research for this ATFX broker review 2023 has also led us to understand that they’re also not available in Australia and New Zealand but we could not find written confirmation on the site. We were also unable to find any stated restrictions between available versions. ATFX is available, and indeed is based and regulated, in the UK. It also appears to be available in the likes of Germany, China and India, to give a few examples. The site explicitly states that it’s not available in the United States, Belgium, Canada, Japan, Iran and the Democratic People’s Republic of Korea.
We liked that the calendar has a filter function where you can filter for countries, data type and importance. You can use 31 technical indicators and other technical tools, such as trendlines or Fibonacci retracement. The bulk of research material is from third-party research feed providers such as Trading Central. ATFX also has its own research team, providing quarterly market outlook reports, among others. If you are not familiar with order types, read this overview.
- Trade with a UK-regulated broker on MT4 & MT5 platforms for free.
- MiFID is behind the regulations of financial instrument markets that provide investment services, including activities.
- ATFX also has its own self-developed accounting system which is automatic.
- ATFX offers a Quarterly Market Outlook, allowing you to monitor changes and trends in the financial market with detailed fundamental and technical analysis.
The mobile trading platforms for ATFX are also versions of MetaTrader 4. You can download an application for either Android or Apple devices, allowing everyone to trade on the go. MetaTrader 4 for Windows has multilingual trading support plus multi-currency support. MT4 Desktop offers custom indicators and the ability to customize libraries, EAs, and scripts. For each product, you can view the name, minimum spread, contract size, and minimum and maximum lot size.
This is essentially the same as a total spread of one pip on every one lot traded. As mentioned above, ATFX has partnered with Trading Central for market analysis, this includes providing traders with Trading Central’s MT4 Analysis indicators. The final account type is the Premium account, aimed at top level traders. It requires a deposit of $10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips. Like the Edge account, this one does charge commission, but also various advantages, including access to Premium education and resources.
The costs for both stock index CFDs and stock CFDs are built into the spreads.
One of the most notable ATFX features is the fact that they offer competitive spreads, decent liquidity, limited restrictions on trading, and a wide variety of markets. Traders will also be pleased to know that scalping is available on the site as well as automated trading. The company strive to keep things as simple as possible which means you won’t find all the bells and whistles that are usually touted within the financial industry. Instead, the company emphasises their goals quite modestly by providing competitive pricing. Transparency is another attractive feature at ATFX thanks to a no dealing desk.
Is it safe to use unregulated broker?
High Risk. When you trade with an unregulated broker, you are basically dealing with a company that is not accountable to anyone or any entity. They do not operate according to any set of rules or guidelines, and there is no guarantee that your funds are kept safe or that even your confidential information is secure.
We recommend starting from the demo account so please click on the right side button saying “OPEN DEMO ACCOUNT”. Once you have done that, you will be required to provide your full name, email address and phone number. The whole process should take between ten and fifteen minutes. The most popular payment option is MasterCard or VISA credit and debit cards, but you can also use e-wallets such as MoneyBookers, Neteller, and others. We are certain that the transfers are accepted in a variety of currencies but please contact customer support if you are not sure whether your currency is accepted.
Deposit and Withdrawal
ATFX will also support the MT4 Android and iOS apps, for those who wish to trade on the move. The charting features of MT4 are well known, and in ATFX’s version, all these features are supported. Viewing positions directly on the chart, trading from the chart and placing quick orders is possible. Charts can be customised, and templates can be saved for later use. Although ATFX was launched in late 2014, the operator is a genuine veteran of the online Forex/CFD scene.
Why choose ATFX?
Your Funds Are Safe and Secure
Several authorities regulate ATFX to ensure you and your funds are safe. We also adhere to European directives and follow regulations from the European Securities and Markets Authority (ESMA).