The European Parliament and Council adopted this on Nov. 1, 2007. 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 regulation and authorization from the FCA are for ATFX to be a CFD and FX broker. As part of its FCA regulation and authorization, ATFX follows the agency’s strict regulatory requirements.
That being said, it is not available to clients in certain countries of the world. These include Yemen, Vanuatu, Tunisia, Trinidad and Tobago, and Sri Lanka. It also includes Bosnia and Herzegovina, Iraq, Ethiopia, Syria, Sudan, DPRK, and Turkey.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. It has minimal waiting time and we got relevant answers to our technical questions. Both Premium and Professional Account holders have access to advanced trading features from Trading Central.
All trading on ATFX is done via the popular MetaTrader 4 platform. This platform has support for all types of devices, so every client is able to use it. Because of MT4’s popularity, there are also numerous guides and resources available online. To opt for an Edge Account, you simply create your ATFX via the regular process. Once you validate the live account, you can contact ATFX customer service to switch to an Edge Account. If your Edge Account drops below the $5,000 equity minimum, ATFX may change it to a Standard Account.
Besides, all its account types are characterized by competitive spreads and reduced fees. These features have contributed to ATFX UK’s competitive position in the industry. As mentioned before the company is specialized for forex trading. Because of different account types, traders can gain advantages and pay less trading fees. With certain account types, ATFX does not charge a commission on the profit or loss of traders. The standard and edge account both don’t charge commission while still offering competitive spreads.
If you deposit more than $1,000 using wire transfer, ATFX will cover any fees, however, you will be subject to any charges by your bank if you’ve chosen to deposit less than that amount. Processing times for wire transfer are listed as 3-7 business days, which is lengthy, even for this method. Overall a very solid offering here from ATFX if a little on the high side in terms of minimum deposit levels compared to others.
Direct Market Access
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A spread is the difference between the ask and bid price. The chart below shows the spreads the company charges across its assets. The legal documents are quite exhaustive and cover almost all aspects of trading including spread betting and CFDs. This is where the interested persons and other stakeholders will be able to get a complete picture about the various terms and conditions that are specific to certain products and services. Put in plain and simple words, ATFX is a broker that has been around for many years now. They are a well-renowned broker who has the capability, experience and expertise when it comes to offering traders the facility to trade on a range of assets.
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It charges no account, inactivity, deposit, or withdrawal fees. In the sections below, you will find the most relevant fees of ATFX for each asset class. Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
ATFX has received numerous awards during its years of service. Ranging from excellence to growth, ATFX has a diversified portfolio in global awards. Depending on the amount of your net deposit, you will get a cashback rebate according to your deposit level.
- In addition to the regulation, ATFX complies with MiFID, the Directive on Markets in Financial Instruments.
- After you have entered these details, you need to submit your personal documents like the identification card and a proof of residence.
- All its functions are performed through MetaTrader 4, which supports all devices, both mobile and desktop.
- ATFX was also the Best Branded Broker 2017 from Shenzhen Huiyu Financial.
ATFX clients get access to Trading Central features, helping with the full array of investment strategies. Trading Central is well-respected worldwide, conducting research for over 200 investment banks, professional dealers, brokers, and fund managers. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too.
Besides, they save a lot of time in research or complement other trader research strategies. For FCA authorizing the company officially means it is approved the company as an FX and CFD broker. ATFX also provides unlimited access to Trading Central , which means clients can use this trading tool to make the best of their open positions.
A lot of the other brokers are out there to scam people’s money. Sadly I was not able to register for a trading account when atfx was still accepting retail traders for trading account registration. I hope Atfx will reconsider and allow retail traders to register again. ATFX is a broker with its headquarters in the United Kingdom, specifically London. This broker offers trading for a range of assets, including forex, CFDs, and commodities.
The goal of MiFID was to harmonize financial market governance in the EEA. It also aims to improve financial transparency, efficiency, competition, and consumer protection. With MiFID, investment firms bitcoin private fork are able to freely offer services within other member state’s territories or those of third parties. The only requirement is that the investment firm must have authorization for those services.
As expected from a broker, ATFX does indeed have an economic calendar. The broker refers to it as a “live forex news calendar.” The calendar is automatically updated so traders can have the latest information. It also includes the ability to check past events in the history. For each event on the calendar, you will see the time, currency, importance, event, actual, forecast, and previous figures.
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CySEC is also fully regulated and they allow complete and unhindered access to EEA and EU countries. Even countries in the Middle East and Switzerland also have the right access to ATFX through the CySEC regulation mechanism. Hence when you become an ATFX broker-client you can be sure that you are in a place where you can expect the best of protection as far as the clients are concerned.
If you choose the Edge account, you will pay commission charges, but they are only $3 per lot. This is significantly lower than what we’re used to seeing and the low commission fees are coupled with spreads starting as low as 0.5 pips. Another plus to trading with ATFX is the lack of swap fees. It is possible to find other brokers offering this, but many times you have to prove that you qualify for a swap-free account due to religious reasons. With ATFX, everyone will be able to benefit from the lack of swap fees when leaving positions open overnight. You would have trouble finding commission free options that are swap-free elsewhere, so ATFX is really ahead of a lot of their competition here.
He started his career as a forex trader while doing his undergraduate course. Over the years, he has worked for leading forex brokers like OctaFx, easyMarkets, and Capital.com. He has also contributed widely in leading websites like SeekingAlpha, iNvezz, DailyForex, and BanklessTimes. Crispus graduated with a BSc in Environmental Science in 2013 and an MBA in 2017. So the trading fees can be depending on your asset to trade. You can choose between the spread account or commission account.
You can either deposit funds into your trading account via bank wire or online bank. As for online bank deposits, ATFX UK does not charge any deposit fees. However, depending on your bank, bank wire deposits may attract interbank deposit charges as well as bank remittance fees. ATFX mobile trading platforms come in versions of MetaTrader 4.
Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. We ranked ATFX’s fee levels as low, average or high best brokers game tips based on how they compare to those of all reviewed brokers. In this TradingView review we take a deep look on its function and discuss pros and cons of it.
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This is completely unbiased, customizable, and spans over 8,000 financial instruments. It also offers trading signals, including price indicators, entry/exit signals, and slow and fast oscillators. The MT4 is the most popular trading platforms in the world. The platform offers a number of features such as custom indicators, automated trading with expert advisors, charting tools, and the access to the MQL5 marketplace. ATFX is an award-winning global spread betting, forex, and CFD broker headquartered in London. The company provides a platform where users from around the world can trade and make money in the financial market.
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It would be pertinent to mention here that overall the trading fees are quite competitive. Some ATFX broker reviews have been able to have a closer look at bitcoin brokers reviews the Standard Account and it looks quite impressive. There are no charges or commissions but at the same time the ATFX spread is comparatively much higher.
MIFID ensures that all investment firms including ATFX are able to offer the best of efficiency, transparency, competitive business dealings and most importantly 100% consumer protection. As per the regulation norms, it is quite clear that they are an authorized FX broker as far as a CFD broker. There are some strict CASS rules that have permitted this ATFX broker to hold client funds during the course of daily transactions. It would be pertinent to mention here that ATFX makes use of the most advanced and most modern bridging technologies. This helps traders to not only enjoy the best of ATFX bonus systems and ATFX spread conditions but also enjoy other benefits and facilities.
Basically, the ATFX broker offers four different types of accounts. They are different as far as minimum deposit, fees, leveraging and additional services and facilities are concerned. The four different types of accounts are Standard, Edge, Premium and Professional.
Funds will be returned to clients with the same payment methods used to deposit. For example, if a deposit is made by credit card, funds will be returned to the same credit card. Access to the Trading Central provides data analysis and technical strategies for a plethora of trading instruments, such as currencies, commodities, indices and precious metals. When creating a demo account, you can select the amount of “funds” the account will have available to it. As mentioned before, ATFX specializes in FX trading, offering dozens of different currency pairs, while constantly reviewing its product range.