ATFX Review 2024: Is ATFX Scam or Legit Forex Broker ️

Among the many trading tools available on the site are chart analysis tools, more than 30 indicators, and expert advisors (EAs). To be on the right track, brokers recommend that beginners use demo trading until they are confident that they have developed a profitable system of placing trades. A first-time trader should not use real money to make their first trades or try a new trading system.

Top 3 Forex Brokers

Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice. FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters. The ATFX global markets can be accessed from the UAE, Dubai, Mexico, Kenya, Abu Dhabi, Africa, China, and many other regions. Some websites from the Philippines and Malaysia even provide country-specific reviews. However, you won’t be able to use the platform if you are from Egypt. ATFX also has super-fast deposit and withdrawal payment systems.

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The high liquidity these participants generate (the amount of money available to buy or sell) provides a steady flow of forex investment opportunities. The most popular forex trading platform is MetaTrader 4(MT4), a favourite among many because they offer impressive ways to customise, extend or add new scripts. Their ability to have custom scripts makes it easy to practice automated trading. Forex trading can be done with algorithms that process trades if they meet certain rules within a given framework. This is a daily market report that can be downloaded from the platform’s site. You will also see the previous markets as well as reports of recent months that have passed.

ATFX Forex Broker Review

It is also popular for those who want to trade with leverage and a small investment. It starts with the New Zealand opening, followed by Australia, Tokyo, and London, and finally closing in New York. Forex (FX) means atfx trading platform the exchange of one currency for another. There are always investment opportunities in the FX market, if the investor is optimistic about the trend of a particular currency, they may go short/sell or go long/buy it.

How Is ATFX Regulated?

In the beginning, scammers tend to remain very accessible. ATFX has been identified as a risky opportunity by Intelligence Commissioner users. Clients of ATFX can withdraw their funds easily and quickly. The processing time for withdrawals may vary depending on the withdrawal method used but usually takes 3 to 5 business days. The MT4 platform is available to download on both Android and Apple operating systems (via Google Play or the App Store). If you prefer trading on-the-go through your smartphone or tablet, ATFX gives you the option to download their trading app.

You can download an application for either Android or Apple devices, allowing everyone to trade on the go. You can trade indices with ATFX, with 15 types of shares indices from Asia, the U.S., and Europe. The spot https://forexarena.net/ indices on ATFX have low margin requirements and low spreads. There is access to 1-to-1 customer support 24/5 plus tight spreads and no commissions. Trading of this type of asset begins with a 0.10 lot size.

There is also the MetaTrader 4 platform, which allows professional trading. ATFX offers its clients multiple educational resources to help them sharpen their trading skills. On the ATFX website, you will find free e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies and more. These services are available in all markets, including China and Southeast Asia. So, irrespective of your experience or trading style, you are covered.

Known as “clone firms,” these imposters typically contact unsuspecting investors/traders out of the blue. They are often happy to share the credentials of the legit firm, such as the firm reference number (FRN). However, they are smart enough to blend legitimate details with fake ones, so it becomes difficult to detect if you are not keen. They say that the best form of flattery is imitation, and scammers know this all too well. ” or “ATFX scammer,” then you will have quite a number of hits on your search results.

• The platform has gotten a lot of great feedback from traders and investors in the currency market and should be taken into account when selecting an excellent online trading platform.
• Many investors trade forex only to make speculative gains, not necessarily physical ownership of the preferred currencies.
• Keep in mind that this bonus is not available to all clients.
• To evaluate brokers, we test the accounts, trading tools and services provided.
• Even though it’s the most popular software for traders of all calibers, it would still be handy to have at least a WebTrader version as well.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with ATFX please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by ATFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. ATFX UK does not accept any third-party payments and deposits must be from the client’s personal account. The user’s bank account must be fully verified before a withdrawal can be made.

The idea of the Premium education feature is to complement the free raw spreads and VPS offered by this type of account. There are no deals, promotions, or welcome bonuses for other countries because they are prohibited by the FCA or other regulatory bodies. However, ATFX does offer various educational services to its professional clients.

The EEA includes Liechtenstein, Norway, Iceland, and other EU member states. ATFX has opened a forex education center that can be accessed by clients on the company website. The courses include subject matter on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, capital management, and more. The MT4 free download for Android or iOS includes advanced charting, such as rapid analysis and customization, providing users with the flexibility to adapt their trading strategy. Market orders are forwarded to the market, and then executed at the market’s tradeable price. After execution, information regarding transactions is sent to the MT4 platform.

Once you have familiarised yourself with the forex market through demo trading, the next step of your journey begins when you open a profile account with a trustworthy broker. You can complete a profile at this stage so your broker can identify you. The profile opening process requires your name and login information, such as email and phone contacts. Many investors trade forex only to make speculative gains, not necessarily physical ownership of the preferred currencies. For example, you can buy U.S. dollars if you believe the U.S. dollar will strengthen against other currencies.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. The broker has won several awards for providing good service and prioritizing customer satisfaction. The screenshot below displays some of the awards that ATFX has received. Additionally, ATFX holds international licenses in Mauritius by FSC and in Seychelles by FSA. We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are.

In addition to competitive spreads for CFDs, ATFX ensures fast order execution, which results in effective and affordable trading solutions for traders. Next up, ensure that your account is completely verified before you fund the account. Always confirm whether you are using a demo account or a live trading account every time you want to trade forex. You can then refer to the same strategies you perfected in demo trading to identify opportunities for your first trade. Once you place your first few trades, stay calm and adjust your positions according to how the market environment behaves.

From this perspective, clients can confidently trade with the broker without fearing the loss of their funds or unauthorized use of their personal details. ATFX has a demo account feature that serves as a platform for novice traders to hone their trading skills until they’re satisfied with their trading strategy. This ensures that they do not gamble away their funds but take positions based on a good understanding of both fundamental and technical aspects of the market. The Trading Products section at ATFX offers a comprehensive choice of financial assets to trade, including FX and CFDs in shares, cryptocurrencies, indices, and commodities. A total of 43 currency pairs are on offer, including majors, minors and exotics. You can also trade cryptocurrency, with Bitcoin, Ethereum, Litecoin, and Ripple all available.