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.