ATFX – A Complete Exchange Brokerage Firm Review

 

ATFX, a brokerage platform, was introduced in the market by a financial firm called AT Group. It has been in the industry for four years already after its successful debut in 2017. Currently, it is headquartered in the United Kingdom, with a subscription of over 1,200. While most of its operations came mainly from its office in London, it has four additional subsidiaries regulated by jurisdictional policies. 

ATFX is known for various reasons, one of which is its competitive pricing. For a pocket-friendly amount, traders are able to pick from the company’s impressive asset selection and utilize the highly-acclaimed MetaTrader 4 software. In addition to this, margin of profitability is then ramped up with the help of cutting-edge technologies that connect traders to several liquidity providers. All these may be enjoyed with lasting protection as this broker is heavily regulated by several financial authorities.   

Note, however, that interested parties can no longer subscribe. This was mainly from the company’s decision to prioritize financial institutions, completely opting out from providing financial services to elective and retail clients. While it no longer accepts retail applications, institutional clients may still place a sound registration. 

ATFX - A Complete Exchange Brokerage Firm Review

ATFX Licenses and Regulation

The Financial Conduct Authority regulates ATFX’s overall operation. As it is headquartered in the United Kingdom, it complies with the regulator’s mandate of keeping the company and clients’ funds well-segregated. It also has operating licenses from North America and the Middle East. With its international status, it immediately gained traction in countries such as Malaysia, the Philippines, and Thailand. 

The Cyprus Securities and Exchange Commission has been overseeing the company’s Cyprian leg, ATFX Global (CY) Ltd. It then grants additional protection for those clients residing in EEA and EU countries.  Lastly, its membership with the Directive on Markets in Financial Instruments made trading more secure since the regulatory body mandates its members a full disclosure of documents for clients’ perusal. With this, transparency, efficiency, and customer safety are heavily exercised. 

ATFX Account Selection

ATFX has three live accounts in its selection. The Standard, Edge, and Premium vary in fees and conditions, allowing clients to pick the most suitable structure for their trading. 

The Standard account requires a minimum funding of 500 dollars. For this amount, spreads may be used to as low as 1.0 pips. The Edge account, on the other hand, has spreads of 0.6 pips. Since it was greatly reduced, it then requires a larger minimum deposit worth 500 dollars. As for the Premium account, ATFX asks for 10,000 dollars as a minimum deposit. With this, clients will surely make the most out of trading using its 0.0 pips. Leverage ratio has also increased, but clients need to be an elective professional in order to avail this condition. 

ATFX’s demo account also comes advantageous for those who might want to test the platform’s overall functionality. With the help of this, professional traders may learn and try out new strategies using a preloaded account; with no financial risks. For those institutions who take interest in opening a demo account, they may fill up the full application form on ATFX’s official website.

ATFX - A Complete Exchange Brokerage Firm Review

Mobile Trading 

Trading with ATFX was made more convenient since it allows mobile trading. The availability of MT4’s mobile counterpart greatly eased traders from the restrictions of desktop and web trading. It is also supported in a wide choice of operating systems, making it one of the most flexible platforms in the market. 

Its mobile version houses optimum tools including Expert Advisors and highly-customizable indicators. To reinforce an inclusive trading experience, it was engineered to provide a multi-language support available 24/5. And what comes as the most impressive feature is its live feed of information and data essential for decision-making.  

Customer Support

ATFX has various means for clients in need of assistance. As mentioned above, it has a multi-language support that caters to global clients. Queries may be placed through email, telephone, and more commendable, live chat. This aspect comes as one of the excellent features of the broker as it bagged the ADVFN award for Best Customer Service in 2019. 

Conclusion

ATFX is indeed laudable for many reasons. For one, its intensive security that enabled tight encryption safeguards traders’ funds. More so, it has been recognized as one of the leading brokers in terms of customer support. These, together with a wide selection of assets may come favorable to its clients. While it no longer accepts retail applications, those with established financial status may still place a sound subscription. 




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