The Financial Services Compensation Scheme is available to clients in organizations regulated by the FCA. The scheme comes into play in the rare case that ATFX cannot satisfy its repayment claims. In this situation, the FSCS provides as much as £50,000 in compensation per person for eligible investments. This means that every ATFX client referral case leads to gains. Commission payments are instant without hidden charges or fees.
Best ETF Forex Brokers
When you choose to spread bet with ATFX, there is no UK stamp duty or capital gains tax. There are also no commissions and spreads are competitive, starting at just 0.6 pips. Spread betting lets you speculate on the rising or falling markets. It includes tools to limit risk, such as stop-loss limit orders and balance protection. Spread betting is popular for traders who want to diversify their portfolios. It is also popular for those who want to trade with leverage and a small investment.
- 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.
- ATFX is reputable and scandal-free, with a seasoned market presence indicating its legitimacy.
- As such, the FCA provides numerous protection measures, including a compensation scheme that covers client losses in the case of broker insolvency.
- ATFX also has its own self-developed accounting system which is automatic.
- ATFX is regulated and authorized by one of the strictest and most demanding regulatory entities namely the FCA (Ref ) in the UK as a Forex and CFD Broker.
- If you are using a PC or laptop, you can download the platform directly on your device.
Advantages and Disadvantages of Trading with ATFX?
For the best results and least hassle, ATFX suggests only contacting the FOS following a final response from ATFX. ATFX also has its own self-developed accounting system which is automatic. It ensures that withdrawals are only possible when the identity of the client matches the information on the account. For further finance transparency, ATFX has partnerships with EY, a professional audit organization. There is no concern about complexities during the integration process into ATFX.
ATFX Deposits
ATFX provides traders with numerous payment methods which can be used when funding the trading account and withdrawing funds from it. These broker fees often refer to fees that are paid on account maintenance and management, and processing fees on deposits and withdrawals, all for which the trader will be liable. It offers a solid suite of trading platforms, as well as a decent selection of tradable assets. In some instances, the broker uses an ECN (Electronic Communication Network) to connects buyers with sellers. It does, however, reserve the right to act as a market maker in other instances. Market-making brokers are seldom straight-shooters, however, so that is a mark in the “shortcomings” column.
Standard Account – A Standard account requires a minimum of £$€500 and offers a minimum spread on the benchmark EUR/USD currency pair of 1.0pips. In addition to the usual selection of currency pairs and various derivatives, ATFX also features UK-specific financial spread betting. Clients can download MT4 Desktop (designed for Windows) to enjoy cutting-edge features and access to multi-currency and multilanguage trading support.
Edge Accounts
Unless you are a trading genius, getting rich by forex trading is like winning a lottery. You can grow your wealth steadily if you invest in the right training tools, commit enough time, and master the psychological implications. Some new traders quit too early simply because they needed to accept that there are winning days while some go wrong. To be on the right side, you aim to make money on forex by targeting small but consistent gains with modest risk exposure.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. While both ATFX and AvaTrade are well regulated online brokers, there are some differences between the two that traders should consider when choosing a broker. For most brokers, there are clear menus to let you download the required forex trading platform to install on your trading station. You could however, choose to use the browser version of your broker’s trading portal.
MiFID regulates financial instrument markets for providing investment services as well as activities, specifically in the European Economic Area. This EEA includes all 27 member states of the EU in addition to Norway, Liechtenstein, and Iceland. The broker also makes the process of opening accounts quick and easy, allowing for trading right away and also provides a free demo account for testing the system. ATFX uses the most recent bridging technologies to get the best rates from its liquidity provider.
Following execution, the information regarding the transaction will go to the MT4 platform. The execution price for market orders is influenced by the amount of liquidity from banks and if it atfx trading platform is enough. Remember that the MT4 platform will send the transaction instructions to the given MT4 server. To opt for an Edge Account, you simply create your ATFX via the regular process.
MT4 Desktop allows for diversification thanks to full support for a range of assets. MetaTrader 4 for Windows has multilingual trading support plus multi-currency support. MT4 Desktop offers custom indicators and the ability to customize libraries, EAs, and scripts. Market orders are sent to the market, then executed at the market’s tradeable price.
In the rare case of an unresolved complaint, clients can sometimes refer to the FOS. This independent body has the purpose of investigating complaints made against regulated firms. The FOS will investigate your complaint and deliver a response.
The webinars are free to ATFX clients but do require registration. There are also filters, including for country, time, importance, and category. Category includes options such as central banks, balance, economic activity, inflation, bonds, and more. Or you can search for a specific event by name by clicking on the Filters.
CySEC regulation provides access to the EU and EEA countries. Switzerland and the Middle East also have access to ATFX via CySEC regulation. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, https://forexarena.net/ where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
