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ATFX Review - is it scam or safe?

ATFX Review - is atfx.com scam or good forex broker?

RATING: 3 / 1 REVIEWS ForexBrokerz ATFX
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Trading accounts and Conditions

 

Account type Minimum deposit Min. trade size Max. Leverage Spreads
Standard $500 0.01 1:30 From 1.0 pip
Edge $5000 0.01 1:30 From 0.6 pip
Premium $10000 0.01 1:30 From 0.0 pip
Professional $5000 0.01 1:30 From 0.6 pip

 

ATFX is an international brokerage that offers its services on the ever popular MetaTrader 4 platform. It offers the account types listed above with variable spreads, leverage up to 1:30 and the option to trade in Micro lots.

In addition, PAMM accounts are also available at ATFX.

 

ATFX Advanatges:

 

- Solid regulation

The main benefit of those who choose to trade with ATFX is its solid regulation. The brokerage is licensed by UK’s Financial Conduct Authority and is part of an international group who also has an entity regulated by Cyprus` CySEC.

 

>>More brokers regulated by the FCA <<

 

- MT4 supported, attractive spreads

With ATFX, the renown Metatrader 4 is available in all forms and shapes: desktop download, web version and mobile apps.

The MT4 has proved its reliability over the years and has earned the love of many fx traders due to its ease of use, customization options, great charting, and automated strategies (EAs).

 

>>More MT4 brokers<<

 

Furthermore, spreads starting from 1 pips on EUR/USD are just about the industry;s average.

 

- Leverage up to 1:400 for pros

 

 

 Another good feature of this broker is that it provides clients who classify as professionals with leverage ratios higher than 1:30.

 

 - Cryptocurrency CFDs

 The broker offers trading in currency pairs, as well as various CFDs, including such on cryptocurrencies. Digital assets are very popular financial trading instruments nowadays, so this is definitely a strong side of ATFX. Currently it offers Bitcoin, Ethereum, Litecoin, and Ripple.

 

 

ATFX disdvantages:

  

- Market Maker model

Although ATFX claims to offer STP execution, in its Terms and Conditions it admits to act as a principal to all trades, or as a Market Maker. The `shortest possible explanation of this is if you are trading with t market maker, you do not get direct access to the real decentralized forex market. Instead, the broker is sitting on the other side of the terminal, and pretty much trades against you.

 

- Minimum deposit requirement a bit high

ATFX hrequires $500 from its clients in order to open a live trading account. Most brokers require something in the $100-$250 range as a start. However, there are some players, that have not set such a requirement. For example, you can start trading with IG by investing just $1.

 

Conclusion

 

ATFX is a UK forex brokerage brand that offers access to the forex and CFD market through the popular MetaTrader 4 platform. While its trading conditions and product portfolio are nothing special or exclusive in the forex world, ATFX has a distinct advantage over many of its competitors, and that is, its solid regulation.

 

Actually, ATFX is a part of the AT Group, which includes several entities: AT Global Markets (UK) Limited, Positiva Markets (CY) Limited, and AT Global Markets Limited. The UK entity is regulated by the Financial Conduct Authority (FCA), the Cypriot one – by CySEC. We are not sure about the third company mentioned above, it appears to be targeting Chinese investors.

 

The Cypriot unit of AT Group, on the other hand, operates the ATFXGM brokerage brand (atfxgm.eu), whose terms and conditions appear identical to those of ATFX.

 

Forex broker regulation in both UK and Cyprus involves strict rules on client account segregation, minimum capital adequacy, transaction reporting, and many more. More importantly, FCA and CySEC licenses provide coverage by compensation schemes, if a licensed entity becomes insolvent– up to GBP 50 000 and $20 000 per client, respectively.

 

Pros Cons
Solid regulation (FCA), part of an international group Market Maker model
MT4 available, multiple CFDs supported nitial deposit required a bit high
Reasonable leverage levels offered No choice of trading platforms 
Commission-free trading  

 

Latest news about ATFX
No news about ATFX. Check back later.
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Traders` reviews for ATFX

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Atfx, Hong Kong branch

How is that broker safe and legal, they just opened new branch in Abu Dhabi, United Arab Emirates and Dubai, they have liescnce from saint Vincent and the Grenadines,.

They claim that they are an entity from the ATFX which has FCA liscense.
And what is it's real name(At capital market or At Global market)?

Ahmed Bahaa 01/21/2019
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