Our detailed ATFX review should show you how this broker operates and the differences between their entities. While some are under strict Tier 1 supervision, others are entirely unlicensed. Note that the company currently doesn’t accept new applications for the non-offshore entity for an unknown reason.
Choosing the right broker is extremely important. Therefore, we invite you to read it carefully.
Now to their offshore entities. In Mauritius, they operate as AT Global Markets Intl Ltd, registered in 2018, with ATFX regulation in the FSC register. The brand is registered as AT Global Markets LLC in SVG, entering the FSA database in 2020. Since it’s well-known that FSA doesn’t issue licenses for Forex brokers, this entity is unsupervised.
Remember that not all regulators are the same. For instance, FCA is a Tier 1 licensing provider with the strictest criteria for issuing regulations. The authority requires brokerage companies to have a minimum capital of 730,000 GBP at all times, limit leverage to 1:30, keep clients’ funds in segregated accounts and participate in the compensation fund with up to 85,000 GBP per account.
CySEC is a Tier 2 regulator with somewhat lower criteria, requiring 20,000 EUR compensation. Offshore license providers belong to a Tier 3 zone as they have no compensation funds, leverage restrictions, or minimum capital requirements. For instance, the SVG entity offers leverage of up to 1:400, being exceptionally risky.
ATFX is a broker duly regulated in four countries. However, there are some concerning reviews online, especially regarding offshore entities.
ATFX is a widespread brand. Their licenses allow the firm to legally operate in the UK, EEA zone, Jordan, as well as other countries through offshore entities. Our findings show that the company mainly offers services in the following countries:
We surely have nothing bad to say about the ATFX trading platform. The company offers MT4, one of the best software today. It supports a large number of technical and analytical tools and is suitable for any trading strategy.
Moreover, both MT4 and its successor MT5, support social trading and EAs as their main perk. The platform is fully customizable, meaning you can adjust it to your trading preferences. Whether an experienced investor or a beginner, you will find all the right tools with this platform.
Each MetaTrader has a dedicated Android, iOS, and Huawei app. Mobile apps correspond to the desktop app in terms of available trading tools. Such an app is quite convenient as you can trade on-the-go and not miss any market opportunities.
The answer to this question largely depends on the entity you trade under. For UK and EU ones, you can access the following assets:
If you trade offshore, you can also get Hong Kong share CFDs, ETFs, and crude oil CFDs.
Besides classic trading, this brokerage also offers spread betting.
When trading with an EU/UK entity, the minimum spread for EUR/USD pair is 1.1 pips, while for the swap, you should refer to the platform. The leverage complies with the ESMA limit, being 1:30 for FX pairs. The Premium account has a commission of $25 per lot per side.
Offshore trading brings a minimum spread of 1.8 pips and a higher leverage of 1:200 or 1:400.
ATFX trading accounts choice depends on the entity. With the UK/EU, you can choose one of the following:
The more money you invest, the lower spread you can get. Additionally, for the Premium account, the broker allows access to all educational materials, one-on-one coaching with a chief market strategist, and a free VPS.
With an offshore entity, there’s only one account – Standard. The deposit depends on your choice of leverage. For accounts with 1:400 leverage, the minimum is $250; for those choosing 1:200, the minimum investment is $500.
All entities offer access to the ATFX Demo account. Once you register, you can choose Demo on your MT4 and get $50,000 in virtual funds.
You can trade FX, commodities, and indices, testing various strategies. It’s a valuable tool for trading newbies as well as those who want to implement new strategies risk-free before transferring them to a Live account.
Once again, we remind you that you can only register offshore at the moment due to unknown reasons.
ATFX withdrawal is enabled through the following payment options:
Additionally, the offshore entity supports NganLuong and local bank transfers in THB, VND, MYR, and IDR.
The company charges no fees, and the request is typically processed within 24h. However, we’ve found reviews where people complain about withdrawals, especially those dealing with an offshore entity.
If you’re experiencing any troubles with the ATFX broker, you should first check under which regulation your account belongs. Then, you can submit a complaint to the relevant authority.
Additionally, you can file a dispute for a chargeback if you’ve used your card as a means of payment. If you’re unsure how or need help collecting supporting evidence, contact Global Fraud Protection.
We’ll evaluate your case during a free consultation and give you an honest evaluation regarding your account and the possibility of submitting the dispute.
Broker’s status largely depends on the entity. The UK and EU are far more secure than offshore entities. In case of any issues with the broker, we might be able to help.
Yes, ATFX broker offers a risk-free Demo account through their MT4 platform.
Yes, ATFX has an MT4 mobile app for Android, iOS, and Huawei.
Broker’s status largely depends on the entity. The UK and EU are far more secure than offshore entities. In case of any issues with the broker, we might be able to help.
Yes, ATFX broker offers a risk-free Demo account through their MT4 platform.
Yes, ATFX has an MT4 mobile app for Android, iOS, and Huawei.
The post ATFX Review 2023 – Is It A Safe Broker? appeared first on Global Fraud Protection.
