ATFX reserves the right to change Edge accounts to Standard in the event this minimum equity is not maintained. Oil trading – like the trading involving most of the other available assets – is CFD-based, which means that traders never gain actual possession of the traded asset. They just exchange contracts based on the value of the underlying asset. There are also many free automated trading robots, but many of them are scams and work with unregulated brokers, read more. Customer Support is available 24/7 via phone, email, and live chat. ATFX does not have a local support team or office in South Africa so the best method of contacting customer support would be via email or live chat.
In addition to the online trading academy, ATFX also offers a range of educational resources specifically tailored to the needs of different traders. One of the primary educational resources available through ATFX is their comprehensive online trading academy. The academy covers a range of topics, from basic concepts such as market analysis and risk management to more advanced topics like trading psychology and algorithmic trading. ATFX’s demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques. Moreover, traders can switch between the demo and live accounts anytime they want, enabling them to transition smoothly to live trading when they are ready.
Looking for commission and fees data for ATFX?
The Premium account spread is unpredictable and it is called raw spread in market parlance. It could start from as low as 0.0 pip and therefore is not too impressive or worth talking about. Finally, when it comes to Professional accounts the spreads start from a low of 0.6 pip. Let us now spend some time having a brief look at the ATFX spread across various products that they offer to their clients. We also would like to mention here that this trading platform is considered to be one of the most successful and also one of the best on planet earth.
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Or advanced traders can use the demo account to test new strategies. ATFX offers competitive spreads and commissions on its trading accounts, which vary depending on the type of account and trading instrument. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge. ATFX provides a social trading service through the MT4 desktop trading platform. First, you have to register your account by clicking ‘Auto Trading’.
ATFX leverage limits
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. There are several types of accounts available, including for Professional Clients. 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.
How do I open an ATFX account?
- Fill in a simple online application form.
- Provide identification to keep your account safe.
- Fund your trading account.
It would make it easier to open an account, fund the account, and do basic troubleshooting without contacting ATFX. To help traders make educated decisions, ATFX has a daily market report. This includes the latest overviews for sentiments and technical elements. The report has sentiment figures related to both small and large players.
User Reviews
The webinars are free to ATFX clients but do require registration. MT4 Desktop additionally offers cutting-edge charting tools. There are more than 50 indicators as well as over 30 tools to analyze charts. Furthermore, you can set parameters and display methods for every chart type and indicator. MT4 Desktop allows for diversification thanks to full support for a range of assets. MetaTrader 4 for Windows has multilingual trading support plus multi-currency support.
We compare brokers by calculating all the fees of a typical trade for selected products. We also compared ATFX’s fees with those of two similar brokers we selected, XM and ETX Capital. This selection is based on objective factors such as products offered, client profile, fee structure, etc. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
How to start your ATFX account?
You get the flexibility to adapt to your trading strategy and full support for assets, allowing for diversification. These include a lack of negative balance protection and waived restrictions on CFDs. ATFX can also use sophisticated market language when talking to professional clients and assume higher experience levels.
How long does it take to get money from withdrawal?
The timing of a withdrawal depends on several factors including what time of day the withdrawal request is made and the institution receiving your funds, but most withdrawals take 3 to 4 business days before the requested funds are received.
Traders will also be pleased to know that scalping is available on the site as well as automated trading. The company strive to keep things as simple as possible which means you won’t find all the bells and whistles that are usually touted within the financial industry. Instead, the company emphasises their goals quite modestly by providing competitive pricing. Transparency is another attractive feature at ATFX thanks to a no dealing desk. All the above-mentioned features make the functionality of the brand exceptional.
Review
This independent body has the purpose of investigating complaints made against regulated firms. The FOS will investigate your complaint and deliver a response. For the best results and least hassle, ATFX suggests only contacting the FOS following a final response from ATFX. ATFX also has its own self-developed accounting system which is automatic.
The Web Trader is a much simpler platform, which is obviously less powerful than the downloadable MT4 in the way of charting options and trading tools. It too can be used for opening positions though, and https://traderoom.info/gci-broker-overview/ its execution is indeed rather impressive. There’s flexible, non-stop long/short trading, which in Forex terms translates to 24/5. Top-notch execution is assured by STP (Straight Through Processing).
How long does just forex withdrawal take?
Please consider that processing time depends on the payment method, usually, it takes less than 2-3 hours but in some cases may take up to 5 business days.
