ATFX Review 2024: Forex Broker With Competitive Spreads

In 2024, if you seek a professional forex trading client specializing in not-so-pricey spreads, global reach, and regulatory compliance, consider the ATFX forex broker. In a space flocked with companies, ATFX carves out a niche for itself, courtesy of the transparent and secure trading environment.

Over time, ATFX has been recognized with several industry awards. The most prominent ones include the “Best Forex Customer Service” award at the 2019 shares award and the “Best Forex CFD Broker” award at the UK Forex Awards in 2018.

But wait, should you take my word for it and choose ATFX? Certainly not, and today, I will help you decide better with a detailed ATFX forex broker review for you to read through. Let us get to it right away!

Pros and Cons

Before delving deeper into the details of ATFX, it is appropriate to take a closer look at the pros and cons associated with this forex broker:

Pros

1. Unmatched regulatory compliance
2. Tons of educational resources
3. Access to advanced trading tools like MT4
4. Affordable trading spreads
5. Prompt customer support
6. Offers access to several markets — forex, indices, ETFs, and more.

Besides the numerous forex pairs, ATFX also offers multi-asset CFDs (Contracts for Difference), including the ones related to commodities like oil and metals, indices, and stocks. 

Cons

1. Limited product range compared to the competitors.

Let us now look at the illustrious background of this forex broker for the sake of credibility validation.

Background and History:

ATFX has been functional since 2014. From the onset, the broker has been committed to offering reliable, transparent, and secure brokerage services. Over the years, ATFX has evolved, securing regulatory milestones along the way. Even the service sets expanded, with multi-asset CFDs making their way into the setup over the past few years.

Regarding the regulatory posture, presiding over AFTX’s operations are the FCA in the United Kingdom, the Financial Services Authority (FSA) in Saint Vincent and the Grenadines, the SCA in the UAE, the CySEC, and more.

In 2023, ATFX expanded into the South African contingent, securing the much-anticipated FSCA ODP license.

The Sign-Up Process:

As a forex or multi-asset trader/investor, you should know the signup flow if you want to get started with AFTX. Per my analysis, I would rate the flow as relatively straightforward, comprising the following elements:

Creating an Account

To start, visit the website and hit the “Open Account” or the “Register” option. Once there, you must fill in the email and password to get started. After that, you must complete the detailed registration form, including the name, mobile number, password, and other details.

The mobile number and email address must be verified to use every feature. Once done, you are better off getting KYC verified only after you can choose the account type or initiate deposits and withdrawals.

The eKYC process involves identity and address verification. Here are the documents you need to keep handy and the selfie to wrap up the same.

Once done, you can explore all available services, including deposits, withdrawals, and internal transfers.

ATFX takes a few hours and a few days to verify your credentials.

All Interfaces and Platforms Explored

Now that you know about the signup flow, I have good news. While you can do all that using the ATFX web interface, ATFX mobile apps — Android and iOS- exist for a more portable view and a desktop app for a more streamlined experience. Here are the exclusive traits of each:

ATFX Web Interface

• Quick access to technical indicators in MT4
• A robust trading setup
• Access to multiple charts and time frames
• Support of expert advisors

ATFX Android App

• Round-the-clock customer support
• Real-time notifications
• Security aligned transactions
• Personalized watchlists

ATFX iOS App (s)

• A dedicated team-up app for copy trading
• Optimized for iPads
• Real-time notifications
• Minimalist UI

Desktop App for Windows and Mac

• Advanced charting tools
• Quick access to trading signals
• Easy-to-navigate UI

Regarding the desktop app for ATFX, you can access 700 paid indicators for better analysis, in addition to the 2000 standard ones. 

Features and Offerings

If you are happy with the secure and transparent signup flow, it is an excellent time to review the AFTX offerings.

A Wide Range of Assets

ATFX is a forex broker covering almost every minor, exotic, and significant pair. Some of the best and most popular pairs include:

• EUR/USD
• USD/JPY
• GBP/USD
• EUR/JPY

And more.

Besides forex, ATFX lets you trade indices, commodities like Oil (Brent and Crude), natural gas, and more, followed by Indices, ETFs, and stocks.

For indices, here are the options you get:

In case you want to trade commodities on ATFX, here are the options to get:

Here are some of the ETF picks:

You can even trade Hong Kong shares and US or European stocks as CFDs, with some of the offerings being the following:

Diverse Account Types

If you are new to trading and looking for expert guidance, ATFX has you covered, courtesy of its diverse account selection. For starters, there is the PAMM or the Percentage Allocation Management Module account, where you, the investor, can allocate funds to qualified traders and money managers.

Besides that, you can also opt for Multi-account Manager or MAM accounts, connecting with diverse fund managers without having to go for an investment fund.

With a PAMM account, you can reap the rewards of efficacy and convenience. However, safety can be a concern for risk-averse investors.

ATFX is one of the few forex brokers to offer a demo account, allowing you to learn the ropes of trading without investing real money. ATFX also walks you through the demo account setup, allowing you to experience the best possible service.

Access to MT4

With ATFX, you can access the MetaTrader 4 or MT4 trading platform. Using MT4, you can access over 30 technical indicators to further your trading experience. Besides the indicators, MT4 lets ATFX users access several charting tools, custom scripts, multi-lingual support, and expert advisors.

Multiple Trading Tools

Besides the web and mobile platforms, ATFX also brings home tools like the economic calendar, social integrations for trading tools, analysis tools like history reports, and more. Several trading-specific risk management options include margin calls, limit orders, and stop-loss orders.

While the features mentioned above are enough to try ATFX, other offerings include an exhaustive learning hub comprising tutorials, market analysis, eBooks, webinars, and more.

Fees and Overheads

For starters, while reviewing a forex broker, the first thing to consider regarding fees is the spread. ATFX’s spread can vary from 1.8 pips for the standard EUR/USD pair to even 2.5 pips for exclusive pairs like USD/CAD.

And these are just the spreads for Forex pairs. The same can vary for commodities, US USes, Indices, and more.

ATFX allows you to trade commission-free and ensures that no overheads are charged. Also, there are no hidden charges when depositing funds into the trading account. And while most pages on the internet mention zero-withdrawal fees, I delved deeper. This forex broker charges 5 USD for any amount less than 100 USD.

ATFX charges an inactivity fee of $10 only after two years of inactivity and only if the account balance exceeds zero. 

All Limits Explored

Before navigating safety implementations and customer support, discussing all the ATFX limits and the associated payment methods makes sense. As it is primarily a trading platform, deposit limits are placed for new and existing accounts. The same is true for new accounts are $500, whereas for existing accounts, the deposit limit is $100.

As for the deposit methods, you can choose credit/debit cards, e-wallets, and bank transfers.

Sometimes, customers must pay a small transaction fee for using non-U.K. cards. However, these are refundable charges.

As for the maximum deposit limits, you can go as high as $10,000 using Skrill and $35,000 using cards. There are no limits imposed on bank transfers.

Regarding withdrawals, you can move funds to e-wallets and banks. You can withdraw any sum, but doing the same for $100+ doesn’t attract any fee. As for withdrawal timelines, you can expect the funds to reflect in two to five days.

Security and the State of Customer Support

ATFX throws in a complete gamut of security enhancements as a trading platform and forex or, instead, a CFD broker. These include the following:

1. Advanced encryption technologies to secure user data
2. Two-factor authentication for secure logins
3. Regular monitoring for threat prevention

Besides that, the platform also excels in customer support, courtesy of a high Trustpilot score of 4.1 at press time.

The most impactful elements include:

• 24 x 5 customer support across multiple channels
• Bot-powered live chat support
• Access to phone-based support
• Email support for raising direct tickets
• A comprehensive website section featuring FAQs

Is ATFX the Right Platform for You?

Users interested in trading aggressive instruments like CFDs, especially on MetaTrader, can rely on ATFX. Plus, if you wish to learn more about trading, courtesy of a demo trading account and tons of resources, this forex broker is the one to go with. However, you should look elsewhere if you are in the market for a proprietary trading solution.

Discover top binary options brokers tailored to your region. Browse our curated lists by country:

All Brokers | Top Brokers | USA | Canada | UK | Australia | Nigeria | India | New Zealand | Germany | Turkey | Spain | France | Ukraine | China | Indonesia | Pakistan | Bangladesh | Russia | Mexico | Japan | Brazil | Philippines | Vietnam | Iran | South Africa | Italy | South Korea | Argentina