Abstract：ATFX is a globally recognized forex broker, serving clients in Europe, Africa, the Americas, and Asia. It caters to a wide range of traders, offering over 100 investment products, including forex, indices, commodities, and CFDs on U.S. and European shares. Regulated by trusted authorities such as ASIC, SFC, FCA, CySEC, and SCA, ATFX ensures a secure trading environment. Whether you prefer the MT4 or MT5 trading platform, ATFX provides the flexibility to choose the one that best fits your trading style.
What Type of Investor Is ATFX Suitable for?
ATFX is suitable for novice investors. First of all, ATFX provides a series of instructional videos that cater to novice traders. Novice investors can use the instructional videos it provides to improve their trading skills.
Then, ATFX is a well-regulated broker and offers negative balance protection to protect the security of clients' funds. It also offers various trading instruments with competitive spreads via the industry-leading MT4 and MT5 platforms.
Finally, if novice investors are worried about learning to trade if losses occur during the process, ATFX provides demo accounts for novice users. Novice traders can use the demo accounts to improve the alternate system and their trading capabilities.
ATFX Pros & Cons
✅Where ATFX Shines:
Operate under a strong regulatory frame: ATFX has strong regulatory endorsement. ATFX is regulated by top-tier financial authorities, including ASIC, SFC, FCA, CYSEC, and SCA (general registration). A strict regulatory system can protect the security of users' assets.
No fees for deposits and withdrawals: Investors do not charge any fees for deposits and withdrawals at ATFX, which reduces investors' costs and can attract more investors.
Provide demo trading accounts: ATFX provides investors with demo account transactions. Investors will not lose their principal when trading in demo accounts, but they can improve their trading system and improve investors' trading capabilities.
Wide range of educational resources: ATFX offers rich and solid educational resources to help traders improve their skills and knowledge. One of the primary educational resources available through ATFX is their comprehensive online trading academy.
Negative balance protection: Severe market fluctuations will cause the loss of investor account funds to be greater than the total account funds, and the negative balance protection measures provided by ATFX can avoid this phenomenon, and user account funds will not appear negative.
❌Where ATFX Falls Short:
Minimum deposit is relatively high: ATFXs minimum deposit amount is $/€/£500, which is higher than most traders and is a threshold for novice investors with small funds.
Few forex pairs: ATFX provides only 40 forex pairs, less than other large traders and cannot meet the investment needs of some specific foreign exchange trading pairs.
Is ATFX Legit?
When traders choose a trading platform for investment, they must first ensure that the trading platform is legal and compliant and that the safety of users' funds can be guaranteed. If traders can obtain supervision from regulatory agencies, the safety of their funds will be guaranteed. ATFX operates in a well-regulated and highly governed sector of the financial services industry. ATFX is regulated by top-tier financial authorities, including ASIC, SFC, FCA, CYSEC, and SCA (general registration).
How to Trade with ATFX?
Step 1: Register and Open an Account
- First, visit its official website and click the “Start trading” button.
- Complete the online form and provide personal information such as name, email, phone number and country of residence.
- ATFX provides a variety of account types to choose from, including demo accounts, Standard accounts, Edge accounts, Premium accounts, and Professional accounts. Choose the appropriate account type according to your trading needs and agree to the relevant terms.
- When completing account verification, you need to submit documents such as proof of identity, proof of address, and payment method.
- After ATFX has completed the review, inject trading funds into the account to activate the account.
- Choose the right trading tool to start trading.
Step 2: How to Trade as a Novice Trader?
When you register a new account, don't rush to trade. You must first use the trading learning materials provided by ATFX to learn and understand the operating mechanism of the financial market.
Secondly, you must use simulated account trading to familiarize yourself with the financial market, deepen your understanding of the financial market, and improve your trading system.
Then, you have to stop loss when conducting real trading. A mature trader must have strict stop-loss measures to avoid the impact of black swan events. Finally, after completing the preparations before trading, you can choose their favorite targets for real trading.
ATFX Trading Platform
ATFX currently provides the MetaTrader 4 (MT4) platform and MetaTrader 5 (MT5) platforms. Both offer advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs).
MetaTrader 4 (MT4) platform
MT4 is an intuitive and straightforward online trading platform. It‘s used by traders to speculate on the price of major financial markets. These include forex, commodities, stocks, indices and even cryptocurrencies. That’s just to name a few.
It became popular because users could create their own automatic trading strategies. And has since become one of the best platforms on the market for automating your trades. If efficiency is for you, then so is MT4.
It was originally developed by MetaQuotes in 2005 and is licensed to ATFXso that you can trade with it. The software provides you with live prices and charts, the ability to place orders and to manage your accounts.
MetaTrader 5 (MT5) platform
MetaTrader 5 (MT5) is a multi-asset trading platform by MetaQuotes Software, used for trading CFDs, Forex, commodities, stocks, and indices. It provides tools for technical and fundamental analysis and includes various order types and market-depth information. Available on PC, web, and mobile, MT5 allows traders to manage diverse investments efficiently.
ATFX Education
ATFX offers rich and solid educational resources to help traders improve their skills and knowledge.
One of the primary educational resources available through ATFX is their comprehensive online trading academy. This academy provides traders with a variety of resources, including webinars, videos, articles, and e-books, all designed to help traders learn the fundamentals of trading and improve their strategies.
In addition to the online trading academy, ATFX also offers some other educational resources. For example, beginners can take advantage of the company's beginner's course, which provides an introduction to the basics of trading, while more experienced traders can benefit from advanced courses covering topics such as technical analysis and trading psychology.
ATFX also provides traders with access to a variety of market analysis tools and resources. These include daily market analysis reports, economic calendars, and real-time news feeds, all of which can help traders stay informed about the latest market trends and make more informed trading decisions.
ATFX Fees Review
Spreads & Commissions (Trading Fees)
ATFX only charge spreads and commissions during the transaction process, which vary on the account type.
Non-Trading Fees
ATFX does not charge any non-trading fees.
Deposit & Withdrawal
Deposit
Withdrawal
ATFX Review on Products
ATFX supports trading on Forex, Indices, Commodities, and US & European Share CFDs. However, in contrast to other brokers, ATFX does not enable ETFs, Cryptocurrencies, Futures or Options trading, and their product choices are somewhat limited.
ATFX Account Type
ATFX provides three live account types for retail traders, namely Standard Account, Edge Account, and Premium Account. Demo accounts and professional accounts are also available.
Standard Account
Standard account is ATFX basic, an introductory trading account, suitable for traders of all levels. The account is great in helping you familiarise yourself with the MT4 platform and its full capabilities.
It offers exceptionally competitive spreads, speedy trade execution and many of the benefits you‘d expect with a more sophisticated account. The Standard account requires a minimum account opening balance of $/€/£500. Although it’s entry-level, ATFX hasnt compromised on the quality and relevance of this basic trading account. The features are comparable with ATFX leading accounts, and you still receive 100% dedicated customer service and sales support.
Edge Account
The ATFX Edge Account is designed for active traders, offering tighter spreads starting from 0.6 and leverage up to 1:30 with no commission fees. It includes features like negative balance protection, allowing expert advisors and hedging. To maintain an Edge Account, a minimum equity balance of $5,000 is required. If the balance drops below this level, ATFX may convert the Edge Account to a Standard Account. This account is ideal for traders who actively engage in the market and prefer enhanced trading conditions.
Premium Account
The ATFX Premium account is tailored for confident and experienced traders, offering raw spreads starting from 0.1 with competitive commissions. To maintain a Premium account, a minimum capital of $/€/£10,000 is required. Traders pay a commission of 25 USD per million per side, with all trading costs transparently displayed. Additional benefits include up to £85,000 protection under the FSCS for retail clients, access to comprehensive online educational materials, one-on-one coaching with ATFXs Chief Market Strategist, and a free VPS. This account is ideal for those who are well-versed in the online trading industry.
Compare to Similar Brokerages
FAQs
Is ATFX a safe and trustworthy brokerage?
Yes, you and your funds have the highest level of protection at ATFX. ATFX is regulated by top-tier financial authorities, including ASIC, SFC, FCA, CYSEC, and SCA (general registration).
Is ATFX suitable for beginners?
Yes, ATFX is suitable for novice traders. First of all, ATFX does not charge fees other than spreads and commissions, which effectively reduces the cost for novice traders. Secondly, ATFX provides a wealth of learning resources so that novice traders can learn to improve their trading skills. Finally, ATFX provides simulated account trading. Novice traders can use simulated account trading to improve their trading system without the risk of loss.
Why is MetaTrader4 good for beginners?
MetaTrader 4 is a good option for beginner traders because it can help them develop skills on a platform often used in professional trading firms. Although the MT4 platform has many advanced features, traders can take their learning one step at a time with the help of ATFX. For beginner traders, the demo account with virtual funds can also be used with virtual funds to learn risk-free strategies and markets.
