You will then get an email to remind you to attend the webinar at the indicated time. After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading. You will have to deposit at least $200 to be allowed to start trading. ATFX does not provide a great deal of information when it comes to special features or services. There are some basic features that can be considered to be fairly positive. At the same time, risky assets like American technology stocks and cryptocurrencies have rallied, signaling that investors have embraced a risk-on sentiment.
It’s important to only use brokers that are properly regulated to reduce your risk of being scammed. Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.
Deposits are offered free of charge from ATFX, though charges from banking institutions may apply. ATFX has multiple forex funding methods to easily make your forex account funding process simpler, as well as straightforward forex account withdrawals to make sure you can enjoy your funds more easily and quickly. To this end, the broker regularly attempts to enhance the options for depositing and withdrawing, making the process secure, highly efficient, and easy to use. ATFX aims to make deposits and withdrawals simpler, more straightforward, and more time-efficient. These include a lack of negative balance protection and waived restrictions on CFDs.
Finally, if you meet the criteria of for a Professional account, this gives you access to higher leverage as dictated by ESMA rules. Located at the top of the homepage at ATFX are two tabs to register a new account. Traders can either open a demo account or opt-in for the live account. The demo account will only require your first, and last name, phone number, email address, and country along with the investment amount that ranges from $1,000 demo credits up to $5 million demo credits. You will first need to select your preferred language of which there are 13, along with personal details, banking information, and referrer information, if any.
Traders are protected against broker defaults in amounts up to £85,000 per person under the Financial Services Compensation Scheme (FSCS), while accounts of E.U. Traders are only protected up to €20,000 by Cyprus’ atfx trading platform Investor Compensation Fund (ICF). Only the professional account type does not qualify for negative balance protection, and all the accounts currently supported allow you to deal in sizes as small as 0.01 of a lot.
This is especially important given the risks involved in trading forex from a margin account. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your trade – which will determine how much risk you are taking for a given profit target. The first thing you need to do is go on the official website and look for the sign up button. Right at the top of the page, you will be able to see two buttons suggesting you to either open a demo account or to open a live account. We recommend starting from the demo account so please click on the right side button saying “OPEN DEMO ACCOUNT”. Once you have done that, you will be required to provide your full name, email address and phone number.
- Do note, however, that they do not support traders from the USA or Canada.
- New Forex traders will have no problems registering an account, trading on a demo, or for real.
- For our top picks among trading apps, read our guide to Best Forex Trading Apps.
- The straightforward yet sophisticated MT4 platform has a desktop, mobile and web-based application.
- The user interface is perfect for beginners or trading veterans, and all the necessary tools are available to ensure a hassle-free and memorable online trading experience.
- This includes unlimited access to TradingCentral (depending on your account type), where you can use expert market analysis derived from automated third-party services.
The “analysis” section of the website offers a section dedicated to technical analysis with daily reports on the technical market, reports on specific currency pairs, cryptocurrencies, futures, indices and so on. New traders can learn the basics of trading in a risk free environment whilst more experienced traders are able to try out new techniques and strategies without risking their own money. A demo account also enables potential traders to try out the features of the site and to see how much they like the trading interface before opening a live account and making a financial commitment. ATFX offers one of the most secure, reliable, and trusted banking sections within the online trading industry, ensuring traders can transact on their accounts with peace of mind. The site utilises the latest SSL encryption technology to safely secure all personal and financial information and comes equipped with some of the most trusted payment methods online.
Is ATFX a recommended forex trading broker for experts and beginners?
CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. ATFX provides a Forex Education Centre, where you can develop your trading skills with the broker’s free education resources. Find e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies, and more. ATFX is highly regulated in order to offer a safe and secure trading environment for its clients across several jurisdictions.
How do we review brokers?
According to the About Us page of the operator, ATFX was launched back in 2014, by ATFX Global Markets (CY) Ltd., which used to be known as Positiva Markets (CY) Ltd. According to the said page, the decision to launch this retail-oriented trading destination was made after the company had already achieved success at an institutional level. The company is subject to regulation and authorization by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have. Understanding more about your investment style needs can help determine which forex broker will be best for you. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
Click here to use our interactive comparison tool and compare TopFX with dozens of top forex brokers. Withdrawal of funds is only available to clients who have provided their supporting documents and have had their trading accounts validated. The Premium account is the ideal account for you if you’re a confident, experienced trader that’s familiar with the online trading industry. This cost is always clearly illustrated to ensure you’re in control of your trading overheads. The Edge Account has a minimum deposit of $5,000, with spreads starting at 0.6 pips and $0 commission per lot. In only providing one account, traders are not provided with much selection according to their unique trading needs or objectives, however, ATFX caters to both retail and professional traders.
AUD/USD Forex Signal: Aussie Has More Upside Ahead of US PCE Report
For a full explanation and accounting of our research and testing process, please click here to learn more about how we test. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test trading on the go. Learn more about the forex fundamentals by checking out my detailed Forex 101 educational series covering everything you’ll need to know about forex and currency trading.
Is Admiral Markets good?
ATFX offers a range of different instruments, including over 40 currency pairs, 6 commodities, 13 indices, 4 cryptocurrencies and stock CFDs in four separate markets. Our reviewers found this to be a smaller offering than most global brokerages, but one that still offers a lot of opportunities to diversify your portfolio. This ATFX review examines an STP forex broker who has earned trust and respect from hundreds of traders thanks to its active approach which focuses on trader welfare. It is a fair and transparent Forex brokerage that offers no conflict of interest with a reliable trading platform. We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support.