|Licensing and Regulation|
|Brand & Functionality|
ATFX was initially established in 2014 as a liquidity provider for a vast selection of institutional clients. Once the company managed to achieve their objectives with institutional clients, they decided to expand into the retail market. The company was originally named Positiva Markets Limited but realised the potential of profits that could be made within the retail market. It’s for this reason that the company decided to change their name to ATFX and cater to the retail trading market on a global scale.
ATFX provides a phenomenal variety of software products and trading tools that can be accessed through desktop PC’s and mobile and tablet devices. The user-interface is intuitive and easy to use, making it ideal for beginners to effortlessly get acquainted with the software. Customer support is available around the clock and offers support in multiple languages to cater to traders on a global scale. ATFX operates an ECN model along with STP technology and utilises a No Dealing Desk approach. Traders can look forward to a wide range of trading assets, including nine major stock indices, 43 forex currency pairs, and a handful of major commodities, such as crude oil, silver, and gold.
Licensing and Regulation
ATFX Global Markets Limited is essentially a European trading company operating from Cyprus and is regulated and licensed by the Cyprus Securities and Exchanges Commission. The regulatory supervision and compliance are not only enforced by the laws of CySEC, but also by the MiFID (European Markets in Financial Instruments Derivatives) guidelines. The license by CySEC guarantees EU access to the company, while the EEA (European Economic Area) enables the company to provide its services to all EU nations.
ATFX as a trading company is also approved by the UK’s Financial Conduct Authority, further solidifying its legal standing and regulatory strength. ATFX also provides protection against broker bankruptcy or insolvency for EU clients of up to €20,000 thanks to the Investor Compensation Fund program. Although the company considers itself as a global online brokerage firm, it does not provide its services to clients in Yemen, Vanuatu, Tobago, Trinidad, Sri Lanka, Iraq, Ethiopia, Sudan, Cuba, Turkey, Mexico, Brazil, Japan, Canada, and the United States.
ATFX comes equipped with a sensational mobile app to ensure you never miss a trading opportunity, regardless of where you are in the world. You will be able to trade CFD’s, forex, and more thanks to a convenient and simplistic MT4 mobile app that can be downloaded for both iOS and Android devices. The MT4 mobile app from ATFX will allow traders to gain access to real-time quotes and news, a wide variety of charts, diversified trading, a complete range of trading tools, and full customer support around the clock. Traders simply need to visit the ATFX site to download the mobile app or visit the Google Play Store for Android devices or the App Store from Apple for iOS devices.
Brand & Functionality
The ATFX brand impresses with a significant range of features to enrich the overall functionality of the site. 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. All the above-mentioned features make the functionality of the brand exceptional. The user interface is perfect for beginners or trading veterans, and all the necessary tools are available to ensure a hassle-free and memorable online trading experience.
Located at the top of the homepage at ATFX are two tabs to register a new account. Traders can either open a demo account or opt-in for the live account. The demo account will only require your first, and last name, phone number, email address, and country along with the investment amount that ranges from $1,000 demo credits up to $5 million demo credits. Opening a live account will require far more details. You will first need to select your preferred language of which there are 13, along with personal details, banking information, and referrer information, if any. The registration process will require name, gender, date of birth, country, address, email, phone, and documents along with bank name, swift code, branch city, branch name, branch province, and more. You will not be able to complete the registration process without providing the necessary documents.
Once you’ve completed the registration process by providing your personal details, banking details, trading experience, and documents, you will be able to fund your account. ATFX offers a wide selection of deposit methods to transact on your account, including Mastercard, Visa, Neteller, Skrill, Bank Wire Transfer, and NganLurong.vn. None of these deposit methods come with any additional fees, except for the Bank Wire Transfer option that will charge a fee on any deposit less than $1,000. The processing times on all deposit methods is instant, except for the Bank Wire Transfer option that can take between 3 7 business days to reflect the funds in your account. The minimum deposit at ATFX is $100, and traders simply need to choose their preferred deposit method, enter the amount they wish to deposit and click on “Deposit”.
ATFX provide traders with a choice of two primary accounts, including the Edge account and the Standard account. The Standard account will require a minimum deposit of $100 and will offer a minimum spread of 1.2 pips on currency pairs, such as EUR/USD. The Edge account will require a minimum deposit of $5,000 and will offer a minimum spread of 0.4 pips on currency pairs, such as EUR/USD, along with a commission fee of $6 for every lot. This is essentially the same as a total spread of one pip on every one lot traded.
The maximum leverage offered at ATFX is 400:1 which is basically equal to a 2.5% minimum margin requirement. The minimum trade size when it comes to forex is one microlot, and the company offers negative balance protection along with hedging and scalping. When it comes to the wide range of products that traders can trade on, you will be pleased to know that you can choose between FX majors, FX Minors, FX Exotics, Metals, Oil, Indices, and CFD’s.
The investors of today require deep liquidity, extremely tight spreads, anonymous trading, market transparency, low latency, and low slippage. However, it’s quite difficult to meet all these requirements from investors, especially the demands for trading execution and pricing. Thankfully, the STP mode will enable brokers to interact with all liquidity providers to establish the most competitive ask and bid price for traders. A high volume of transactions will stimulate liquidity providers to provide advanced leverages to execute the orders of clients in a fast and reliable manner. STP offers the best trading environment for all traders with effective liquidity between receivers and price providers.
ATFX offers one of the most secure, reliable, and trusted banking sections within the online trading industry, ensuring traders can transact on their accounts with peace of mind. The site utilises the latest SSL encryption technology to safely secure all personal and financial information and comes equipped with some of the most trusted payment methods online. The company constantly looks for ways to enhance the overall payment structure to provide a highly efficient, simplistic, and secure banking experience. There are no fees when it comes to making a withdrawal and ATFX usually processes all withdrawal request within 24 hours.
The customer service center at ATFX can be reached in a number of ways to resolve any queries or requests you might have pertaining to your trading account. You can either contact them via a live chat facility, by sending a quick email, or by giving them a call on a wide range of numbers listed on the site. The site also provides an incredible FAQ section when you can educate yourself on trading, the MetaTrader 4 trading platform, product specifications, deposits and withdrawals, as well as forex and how it works.
The trading platform at ATFX is the MetaTrader 4 platform which is considered the most popular and powerful trading platform in the industry. The MT4 trading platform comes equipped with a massive library of technical indicators, an advanced charting package displaying different timeframes, and support in several order types along with automated trading through Expert Advisors. Furthermore, the MT4 trading platform comes equipped with robust security measures as all data between the server and client terminal are fully encrypted.