ATFX Review

Welcome to TheDojiTrader’s ATFX review. was founded in 2017, and is a new FCA regulated broker. ATFX is a safe space to trade stocks, CFDs, Forex, and more. With over 100 instruments, there is ample opportunity to trade key markets at a very competitive rate.

Pros

  • The second best copy-trading platform of 2020.
  • Very competitive Forex and CFD spreads and fees.
  • Utilizes MT4 which is perfect for all types of users.
  • No inactivity, deposit, or withdrawal fees.

Cons

  • Minimum deposit of $500 making it inaccessible to some newcomers.
  • Not enough markets to trade from. Although credit must be given for providing the most important markets and regularly improving.
  • Limited educational resources.

Overall Ranking

Overall

Investment Opportunity

Commissions & Fees

Safety 

Research

Smartphone Usage

 Customer Service

 Education

Platforms & Tools

4/5
3/5
4/5
5/5
3/5
4/5
4/5
2.5/5
3/5

Overall

4/5

Investment Opportunity

3/5

Commissions & Fees

4/5

Safety 

5/5

Research

3/5

Smartphone Usage

4/5

Customer Service

4/5

Education

2.5/5

Platforms & Tools

3/5

75.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money. 

Extended Review and Information

ATFX is almost the perfect place for beginner traders because you can communicate with other traders, both new and experienced, to discuss market events, analysis, and speculation. 

 

One downside we noticed with ATFX was that they only provide MetaTrader 4 as their platform on both mobile and desktop. This prevents it from being an ideal candidate for new traders as it makes it a less personal trading experience. Some traders may be confused that lots of brokers use the same interface and not understand that ATFX does have some great original pull-factors of its own.

 

Another weakness of ATFX was its lack of educational tools. There is a small section to see ‘research’ on individual instruments provided by MT4, but other than that, there is little (other than the social media copy trading aspect) to give traders any information on becoming a better trader. 

 

We were huge fans of the brand new copy trading aspect of ATFX, and we have rated it as the 2nd best copy-trading platform for European clients, only slightly overwhelmed by eToro’s platform. 

75.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money. 

How to Open your Account

The account opening process is completely online. Accounts are usually opened and verified within the same working day, but can take up to 48 hours in some circumstances. The application should only take 5-10 minutes. You can still trade live in this time if ATFX decides to let you, but you will always be able to use the demo account provided. 

 

You can register with a username/email and password. To verify yourself and be able to trade and deposit on a live account, you must upload your identity and residency:

  • Identity – A photograph or scan of passport or personal ID (e.g. drivers license)
  • Residency – A photograph or scan of a utility bill or bank statement. This can also be a screenshot of an
    online statement. 
ATFX will then continue to verify your account by asking you a series of simple questions to see which level of trader you are. Within 48 hours your account will be 100% verified.

ATFX does not accept clients from:

  • Burma
  • Canada
  • Cuba
  • Eritrea
  • Iran
  • Iraq
  • Lebanon
  • Lybia
  • North Korea
  • Somalia
  • Sudan
  • Syria
  • Yemen
  • Zimbabwe

Depositing Funds

Only USD accounts can be opened, so those who deposit non-USD currencies will be subject to a small conversion fee. The depositing methods are vast, they have one of the widest arrays of depositing methods. You can make an easy start to trading with this broker by depositing with:

  • Credit/Debit card (Visa, Mastercard, Maestro, Diners Club)
  • PayPal
  • Skrill
  • Neteller
  • SafeCharge
For non UK clients, other eWallets like Trustly are available.

75.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money. 

Regulations and Jurisdictions

ATFX is regulated and authorized to operate by the FCA (Financial Conduct Authority) under registration number 760555. This allows clients from the UK to trade safely with this broker.

ATFX Global Markets (CY) Ltd is authorized and regulated by the CySEC (Cyprus Securities and Exchange Commission under the license no. 285/15. This allows clients from the EU to trade safely with this broker.

Overall - Positive Review of ATFX

Overall, it was difficult to spot the flaws of ATFX. They appear to be a well-run broker with an interest in ensuring that the client is safe and happy with competitive access to the main markets. They are constantly updating their trading instruments, such as by adding Copper in late October, and implementing an effective copy-trading platform. ATFX do well to keep in-line with their competition and often battle it out to end on top. 

75.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.12% of retail investor accounts lose money when trading with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 

This does not constitute as investment advice or personal recommendations as your specific financial circumstances have not been considered. No warranty is given in regards to the accuracy and completeness of information. 

Past performance is not an indicator of future results. 

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. 

This website and the information provided does not constitute investment advice or personal recommendations as your specific financial circumstances have not been considered. No warranty is given in regards to the accuracy and completeness of information. Past performance is not an indicator of future results. The information given is a reflection of opinion. Trading CFDs on leverage involves significant risk of loss to your capital.