ATFX Broker Review

The company’s subsidiary in the UAE, AT Capital Markets, briefly held a licence from the Abu Dhabi Financial Services Regulatory Authority (FSRA), but this was suspended and the company fined in December 2019 after it was found that the company had been conducting regulated activities before it was granted permission to do so. AT Capital Market’s CEO has since resigned from the company.

Since its inception in 2017, ATFX has won numerous awards including FX Broker of the Year, UK (The European Business Awards 2018), Best Forex CFD Broker (UK Forex Awards 2018), Most Transparent Broker (World Forex Awards 2019) and Best Online Trading Services (ADVFN International Financial Awards 2020).

All ATFX customers, no matter their location, benefit from segregated accounts. In the unlikely event of ATFX insolvency, segregated client funds cannot be used for reimbursement to ATFX creditors.

Overall, we would say that ATFX are a safe broker. It seems the licencing issue with the UAE authorities was an exceptional circumstance and regulatory oversight from the UK’s Financial Conduct Authority means that ATFX must maintain the highest standards of financial propriety.

ATFX’s trading assets consist of a handful of cryptocurrencies and metals, and a small number of Forex pairs.

Spreads are relatively tight at ATFX. Though ATFX does not publish average spreads, the minimum spreads are published for each account. On the Standard Account, minimum spreads on the EUR/USD start at 1 pip and the AUD/USD at 1.1 pips.

Commission is charged only on the Premium Account and stands at 5 USD round turn per lot.

Micro Account: The Micro Account is ATFX’ smallest account, requiring a minimum deposit of only 100 USD. Spreads are wide on this account, starting at 2.6 pips, and no dedicated account manager is provided.

Classic Account: The Classic Account requires a minimum deposit of 1000 USD and spreads start 1.8 pips, still relatively wide for an account requiring this much initial investment. Like the Micro Account, no dedicated manager is provided.

Premium Account: The Premium Account offers spreads from 1 pip but requires a minimum deposit of 5000 USD to get started. Additionally, this account provides access to a dedicated account manager, free VPS and Trading Central.

Raw Account: The Raw Account is a commission-based account, providing access to raw spreads from as low as 0 pips. This account requires a minimum deposit of 10,000 USD and commission is charged at 7 USD per lot (3.5 USD per lot, per side). Like the Premium Account, you will also have access to a dedicated account manager, free VPS and Trading Central.

In the case of bank transfers, your bank may charge you for transfers. Like most brokers, withdrawals can only be made by the same method as the original deposit.

Be aware that all funds deposited will be converted to USD and then back again into your local currency upon withdrawal.

The MT4 trading platform is the most widely used Forex trading platform and can also be used to trade other instruments like commodities, cryptocurrency, stock index, and stock CFDs. Though it is now showing its age, MT4 is still popular for its auto trading features that enable algorithmic trading and strategy backtesting with expert advisors (trading robots).

MT4 comes preloaded with over 30 technical indicators while giving traders access to 9 different timeframes and several chart types. A lightweight platform, MT4 has enhanced trading speed, while remaining robust and stable on all systems and even over slower internet connections.

MT4 is available as a desktop download and as a web platform, running in browser. ATFX will also support the MT4 Android and iOS apps, for those who wish to trade on the move.

In addition, all ATFX customers gain access to AutoChartist, a powerful pattern recognition tool that monitors all markets to find the best trading opportunities based on real-time technical analysis.

Trading Central

ATFX traders with a Premium Account will get free access to the new Trading Central MT4 Analysis Indicators. This new MT4 trading indicator has been intricately created to make trading easier, intuitive, and more accessible than ever before.

• Receive consistent up-to-date information from analysts you can trust
• Information can be viewed in multiple languages, catering to traders globally
• Stay informed with commentary and analytical forecasts
• Fill order based on Trading Central levels

ATFX has partnered with Trading Central. The technical strategies and professional data provided by Trading Central covers Forex, precious metals, commodities, and indices from sources such as Bloomberg, Thomson Reuters, and Dow Jones. ATFX also hosts video clips of Trading Central analysis, these are updated on an hourly basis.

While all ATFX account holders will have access to Trading Central, only those with Classic, Premium and Raw Account will get full access to Trading Central’s signals library.

ATFX also publishes its own quarterly market outlook, which is available to all visitors just by registering your email address.

Introduction Courses: A selection of 6 courses covering Metatrader tutorials, an introduction to global economics and an overview of social trading. More impressive is the library of 28 videos providing a clear and concise introduction to Forex trading.

In-depth Courses: Once you have grasped the basics of the Forex market, this selection of courses is perfect for continuing your education. The cryptocurrency market, trading tools and trading strategies are all covered here.

ebooks: A small library of 14 short eBooks. A range of topics is covered here for those who want a deeper understanding of the topics covered in the courses. Topics include technical analysis, advanced strategies, trading psychology and capital management.