de | cn | ru

AT4 Forex Review - is it scam or safe?

AT4 Forex Review - Is at4fx.com scam or good forex broker?

RATING: 1 / 0 REVIEWS AT4 Forex
AT4 Forex is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


AT4 Forex is a forex and Cfd broker offering two account types with a leverage of up to 1:500 on the MetaTrader5 platform. If you are considering opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
  n/a 1:500 3 pips*
Standard Account n/a 1:500 2,5 pips
*commission applied

 

AT4 Forex Advantages

 

Generous leverage

 

AT4 Forex offers traders leverage of up to 1:500 on all account types and that is basically as high as you can get on the market. Although higher leverage gives traders the advantage to harvest good profits with smaller deposits, you should also be aware that with higher leverage you risk loosing your funds much quicker and in some cases even to end up up with a negative balance. 

 

Some brokers do offer the so called negative balance protection – the rule that you can not loose more than you have invested. AT4 Forex however does not offer such protection so you should be careful with the leverage. Still you may also want to check our list of brokers, offering leverage of up to 1:500 and above:

 

>>Forex Brokers Offering 500:1 Leverage<<

 

MetaTrader5 supported

 

MetaTrader5 was released in 2010, five years after Metatrader 4 and although the two platforms look very similar as a graphic interface and share a lot of functionalities like the automated trading option, MetaTrader5  was originally designed with two distinct features we should point out. 

 

First, MT5 was focused on markets other than forex, such as stocks and commodities (we are not talking about CFDs here), as it is better fit to plug into a centralized trading exchange. The forex market is completely decentralized, with a number of major players providing liquidity at slightly different prices, while stock and commodities trade is pretty much centralized.  

 

The other difference was the MT5 default compliance with the US “no hedging rule”, which states that traders with US regulated brokers must deal on first in - first out basis. For example if you have an USDJPY position and then you open another one, the first trade must be closed before the second trade can be closed.  With MT4 on the other hand you can manage each position separately and you will be able to hedge. 

 

That however changed and now MT5 users are able to opt for the hedging option as well. 

 

Still a sort of a setback for MT5 is the fact that most trading bots or ExpretAdvisors as thy are called are developed for MetaTrader4 and are incompatible with the latter platform. Here you can check our list of brokers, also offering MetaTrader5:

 

>>MT5 Brokers<<

 

100 USD to open an account

 

With AT4 Forex you can open an account with 100 USD, which is acceptable. Have in mind however, that with some big names like IG you can start trading with just 1 USD.

 

AT4 Forex Disadvantages:

 

Lack of regulation

 

AT4 Forex is a brand name of Four Advance Technical Global Inc., which claims to be registered and regulated in St Vincent and the Grenadines by the local Financial Services Authority (FSA).

 

The Financial Services Authority (FSA) of St Vincent and the Grenadines, however, recently warned in a statement, published on its website, that it “does not issue any licenses for forex trading or brokerage or binary options trading nor does it regulate, monitor, supervise or license international companies, which engage in such activities“.

 

In addition the FSA warns that there are financial institutions that falsely claim they are registered or licensed by the institution and that “their purpose for doing this is more than likely for illicit reasons“. For that reason we will treat AT4 Forex as an unregulated, offshore broker.

 

Have in mind that trading with adequately licensed brokers is crucial for the safety of any investment. Brokers, supervised by well established regulators, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have to abide by strict financial and ethical rules, among which to maintain good fiscal discipline and to keep all clients funds in a segregated, protected from creditors account.

 

In addition FCA and CySEC regulated brokers have to participate in clients money insurance schemes. The FCA backed Financial Services Compensation Scheme for example insures up to 50 000 GBP of the traders' capital, while a similar CySEC program guarantees up to 20 000 EUR in case a broker goes insolvent. Here you can check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Unreasonably high spreads

 

With its Standard Account  account  AT4 Forex offers spreads starting at 2,5 pips, while with the Workshop Account spreads start as high as 3 pips and you have a commission applied. Keep in mind that with a standard account spreads usually start below 1,5 pips.

 

We tried to open a Demo account to get a first hand taste of the trading conditions AT4 Forex offers, but after downloading the platform instead to a AT4 Forex server, we were connected to the MetaQuotes Demo server, so we were not able to see what the broker actually offers. Here you can check our list of brokers offering tighter spreads: 

 

>> Lowest spread forex brokers<<

 

No information about the payment methods

 

With most forex brokers you can deposit or withdrawal funds with all major credit or debit cards like Visa and MasterCard, e-wallets such as PayPal, Skrill and Neteller, bank wire or even Bitcoins. 

 

There is no information on AT4 Forex website about payment methods and this is a clear minus. Here you can check our list of brokers, where you can pay with Bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Conclusion:

 

Except for the high maximum leverage there are not much more positives about AT4 Forex we can mention. And while spreads are far from competitive, the biggest problem remains the absence of a license, which significantly lowers AT4 Forex credibility.

Latest news about AT4 Forex
No news about AT4 Forex. Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for AT4 Forex

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru