4.2
| Feature | ATFX |
| Minimum deposit: | From $250 USD |
| Withdrawal fee amount: | |
| Inactivity fee charged (Y/N): | N |
| Max leverage: | |
| Spread from: | |
| Number of instruments: | |
| Year founded: | 2014 |
| Time to open account: | |
| Demo account provided (Y/N): | Y |
| Countries of regulation: | |
| Products offered: |
Here is our in-depth ATFX broker review. A relative newcomer to the sector, ATFX which was founded in 2014, brings a fresh and distinct approach to the sector. Traders are provided with a streamlined and cost-effective means of low-latency access into the financial markets. Trading analysis and execution are carried out through the MetaTrader MT4 platform and the firm has a clear focus on providing traders access to good market flow and tight trading spreads. There are some, but not many ‘added extras’ to be found on the broker’s home website which has an attractive aesthetic and is easy to navigate.
Companies within the ATFX group operate out of various domiciles and therefore the service is internationally available.
When conducting our in-depth ATFX broker review, we found that ATFX build their commissions into their bid/offer spreads. This ensures the pricing schedule is transparent and easy to compare with those of other brokers. In this respect ATFX do well as they are regarded as offering competitive spreads. Spreads on stock CFDs can be as low as 0.05 pips and on major currencies they can be as low as 0.6 pips. Spreads can vary across market hours but it is worth noting ATFX offer 24/5 non-stop trading.
The ATFX trading service is available on mobile devices through iOS and Android apps and account information is mirrored between the desktop and mobile versions. The mobile version of the MT4 platform has all the major functionality points that a trader would look for including the use of up to 9-time intervals and up to 30 charting indicators.
The ATFX research offering, whilst smaller than that provided by other brokers does have a few distinct and attractive features.
The Economic Calendar which offers an outline of upcoming events is fairly uninspiring but the Trading Central area has an attractive aesthetic and an interesting approach to giving traders the right tools with which to trade.
The Daily Market Reports offer a well laid out summary of market events and some trading opportunities.
There are also weekly reports on Market Fundamentals.
There are also resources to draw on that are more relevant to ‘how to trade’ rather than ‘what to trade’. The ATFX Webinars for example include sections on ‘Mastering Japanese Candlesticks’ and are provided free of charge.
There is also the option to access the educational material provided by MetaTrader. This includes a range of high-quality video tutorials that form a good start in terms of setting traders up to operate in the markets.
The MQL community also offers a Traders Forum where account holders can ask questions and share information on the platform itself of the wider markets and trading ideas. The topics discussed lean more towards developing the skills associated with successful trading as oppose to fundamental analysis of particular markets. This is in line with MT4 being a tool associated with technical trading strategies and reflects the type of traders that ATFX will most appeal to.
In terms of research, ATFX can be considered a ‘no-frills’ broker. Whilst this allows them to focus on other areas of their client offering it would be an improvement if more proprietary research was available.
More information about the markets, the firm and potential face-to-face meetings are provided on the ATFX’s social media accounts.
Customer service is key and we found when conducting our in-depth ATFX broker review, that ATFX assign a dedicated account manager to each new client. This is a great, free resource and the advice offered is informed, supportive and tailored to each trader’s needs. There is 24/5 UK-based telephone support and email addresses are also broken down by department so client queries can be addressed directly to the right area. The telephone support is offered in up to 13 languages including Chinese, Tagalog and Thai.
ATFX customer support is based on quality rather than quantity. The phone desk hot-lines are only available from 9 am – 5 pm UK time which could hinder some traders. On the flip side, the support team are very proficient and the trading platform MT4 has a well-earned reputation for being robust and reliable.
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