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.
ATFX is very much a regular brokerage that bears a resemblance to some of the most widely established service providers in the market. ATFX adopts a popular business model, whereby the company has installed various services to ensure that it provides a competitive product that is able to stand on its own. This includes the very popular MT4, licenses from both the FCA and CySec, and a variety of educational materials.
In our ATFX broker review, you learn more about the overall trading conditions, bonuses, and the different aspects of maintaining an account with ATFX, which should come in handy should you wish to open an ATFX account.
- Licensed and regulated by the FCA
- Offers an STP account with a No Dealing Desk policy
- Competitive spreads and low minimum deposit
- Availability of MT4 trading platform
- Best broker for transparent and attractive trading conditions
- A limited number of assets and asset classes
- No bonuses available due to EU regulations
Learn more about a reputable and experienced STP broker
Our review experts discovered that ATFX has been operating in the financial market since 2014 when it was initially known as Positiva Markets (CY) Ltd. In its earlier guise, ATFX served as a liquidity provider for large institutional traders, providing spot FX for large trade volumes.
Since then, the ATFX brand was introduced globally to specifically cater to the vast majority of the retail trading market. They are an STP broker, which means you needn’t worry about conflicts of interests. This is because this broker executes orders immediately at market conditions. They may, however, act as a market maker to maintain trading volume yet they maintain a No Dealing Desk policy at all times to keep everything clear.
Avoids any conflicts of interests with its clients as orders are executed immediately at market conditions. The company does also reserve the right to act as a market maker if there is a need to maintain trading volumes. However, ATFX does stick to its No Dealing Desk (NDD) policy, creating clear conditions for the trader.
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.
AFTX boasts a London headquarters, and it boasts an extended presence around the world. Do note, however, that they do not support traders from the USA or Canada. There are some additional countries where trading with ATFX may not be approved, so if you are trading outside of the EU, it would be useful to contact the broker directly to know if your country is on this list.
Regulated by the world’s most respected authorities
AFTX is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchanges Commission (CySec) in Europe. As such, they also follow the European Markets in Financial Instruments Derivatives (MiFID) guidelines.
These are some of the most respected authorities in the world, which solidifies ATFX’s regulatory strength and legal standing. All UK traders are also protected by the Financial Services Compensation Scheme (FSCS) which ensures investments of up to £85,000 per trader are protected against broker insolvency or bankruptcy. EU clients are also protected under the Investor Compensation Fund (ICF) for up to €20,000.
Choose from 4 accessible account types
Our review team were impressed by the wide range of account types available at ATFX. You can choose between a Standard, an Edge, a Premium or a Professional trading account.
The ATFX minimum deposit for the Standard Account is just £/€100, for which you get a commission-free trading account with market spreads. The spreads for the Standard account starts from 1.0 pip which is indeed comparable to the spreads offered by other STP trading accounts in the market.
If you are looking for tighter spreads, then the Edge Account promises as low as 0.6 pips on the major currency pairs, yet it does have a higher minimum deposit of £/€5,000. For your extra investment, however, you will receive free VPS and educational materials.
The Premium account is fairly similar to the Edge account, yet it boasts superior trading tools such as MT indicators. This account also has a minimum deposit of £/€10,000. Finally, if you meet the criteria of for a Professional account, this gives you access to higher leverage as dictated by ESMA rules.
All accounts allow unrestricted trading, including the ability to scalp, hedge, and use Expert Advisors (EAs) on their accounts.
Consistently low trading fees
On the Standard, Edge and Professional accounts, our reviewers found that AFTX does not charge any commission as fees are incorporated into the spread. This is great news, as you’ll also find that AFTX’s spreads are low compared to similar brokerages.
You can also enjoy fee-free deposits and withdrawals at all times and will not be charged an inactivity fee should you wish to stop trading. Moreover, all clients can access a demo account completely free of charge.
Enjoy fuss-free deposits and withdrawals
At ATFX, you’re able to fund your account in a quick and easy way, via credit/debit card, e-wallet or bank transfer. Deposits made with card/e-wallet will be in your account within 30 minutes, whilst bank transfers will arrive the very next day.
Our review team were pleased to discover withdrawing at AFTX is equally simple. You can withdraw funds via the same method by which you deposited and all requests are processed within 1 working day, if submitted before 2 PM (GMT). Requests after this time will be handled the next day.
You’ll also be able to rest easy knowing that AFTX payments are always secure. The site operates with SSL-encryption and the broker even has a dedicated support email address for queries about transactions ([email protected]).
No bonuses for EU/UK clients
Being a CySEC regulated broker, we can’t expect ATFX to provide a bonus or any kind of similar promotion to its traders. European guidelines have become highly stringent, primarily due to the conflicts of interest associated with a bonus program.
On the upside, however, our reviewers think that this only goes to prove how committed ATFX are to meeting regulations.
Trade with MetaTrader 4
As an ATFX trader, you can enjoy the many benefits of MetaTrader 4 – the most popular trading platform in the industry. This ensures that you have access to the best trading tools in the market and low-latency trading thanks to high-speed servers, which results in fast order execution times and negligible lag.
The MT4 also offers a customisable interface that allows the trader to modify the workable space, charts, indicators, and trade directly from the charts.
ATFX also allows the use of EAs, or Expert Advisors, for automated trading strategies. Our ATFX reviewers also discovered you are free to install new EAs, indicators, and make full use of the open-source nature of the MT4 by participating in the MQL community.
Never miss a trade with mobile-optimized platforms
During this review our experts found the ATFX website to run perfectly on both mobile and tablet, in addition to desktop. The website is easy to navigate on all devices, and you can fund your account on the go too.
You can also enjoy mobile trading via the MetaTrader 4 app, which is designed for both iOS and Android smartphones.
Discover educational and training opportunities
AFTX boasts a comprehensive educational centre, which comes complete with webinars, seminars, guides and an economic calendar. This is great, as it means the broker is suitable for both novice and veteran traders.
The broker also offers several free trading tools. This includes unlimited access to TradingCentral (depending on your account type), where you can use expert market analysis derived from automated third-party services. 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.
Experience award-winning customer support
When reviewing ATFX, our experts spent a lot of time testing the broker’s customer service options. They were happy to report that you are in safe hands, as ATFX received the ADVFN award for Best Customer Service in 2019.
At ATFX, you can contact the broker via specific emails addresses for different support requests, along with hotlines for general customer service and managing trade positions. ATFX also provides assistance through its 24 hours live chat interface, where staff are both proactive and responsive. All services are available 24/5.
A superb choice for UK and EU traders
The more our review experts explored ATFX, the more it because clear that this is an excellent broker for both UK and EU forex traders. The strict regulations that ATFX adheres to, imposed by both the FCA and CySec, proves that the broker is transparent and reputable, and their No Dealing Desk policy ensures that your trading conditions are always clear and above board.
The broker also offers competitive trading fees, access to a wide range of trading tools and educational materials, and the chance to trade wherever and whenever you want.
ATFX has been a respected forex broker for over 5 years, so why not register for an account now to join their many satisfied clients?