Question 1

Is ATFX broker beginner-friendly for new forex and CFD traders?

Accepted Answer

Yes, ATFX is considered beginner-friendly due to its comprehensive educational content, including over 85 individual lessons, 14 e-books on trading concepts, and regular webinars. The broker offers a demo account with $50,000 virtual balance that allows new traders to practice in a risk-free environment. Its user-friendly MetaTrader 4 and MetaTrader 5 platforms also cater well to beginners. The minimum deposit to open a live account is $50, making it accessible for novice traders. Additionally, ATFX provides customer support in multiple languages to assist new clients, enhancing the onboarding experience.

Question 2

What regulations and client protections does ATFX offer to ensure investor safety?

Accepted Answer

ATFX operates under multiple regulatory authorities including the UK's Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), Hong Kong’s SFC, South Africa's FSCA, UAE's SCA, Mauritius FSC, Seychelles FSA, and Cambodian SERC. Clients benefit from segregated client funds which ensure that client money is held separately from company funds, reducing risk in insolvency events. Negative balance protection is guaranteed, preventing clients from losing more than their deposited funds. Compensation schemes such as the UK's Financial Services Compensation Scheme (up to GBP 85,000) and Cyprus's Investor Compensation Fund (up to EUR 20,000) apply where relevant. ATFX also follows a best execution policy, enhancing trust and transparency.

Question 3

What are the minimum deposit requirements and payment methods available at ATFX?

Accepted Answer

The minimum deposit to open a live trading account with ATFX is $50, which is quite accessible for retail traders. ATFX supports multiple deposit and withdrawal methods including bank wire transfers, credit and debit cards (Visa and MasterCard), and popular e-wallets such as Skrill and Neteller. Most deposit and withdrawal options do not charge fees, and processing times are typically quick with card and e-wallet deposits being instant and bank wire transfers taking up to 3-7 business days. There is a $5 withdrawal fee for bank wire withdrawals below $100. These diverse payment methods provide flexibility and convenience for traders funding their accounts.

Question 4

What types of trading accounts does ATFX offer and what are their key features?

Accepted Answer

ATFX offers a Standard trading account with no commissions and floating spreads starting from 1.8 pips. The minimum deposit for this account is $50, and it supports a minimum trade size of 0.01 lots with a standard contract size of 100,000 units. The account includes swap-free Islamic options and supports demo accounts for practice. Margin call is set at 100% and stop out at 30%, protecting less experienced traders from excessive losses. ATFX does not currently offer fixed spread accounts, micro accounts, managed accounts, or API trading. The account supports trading across forex, indices, commodities, and share CFDs.

Question 5

What trading platforms does ATFX provide and are they suitable for all types of traders?

Accepted Answer

ATFX offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both available on desktop, web, and mobile devices. MT4 is known for its user-friendly interface, technical indicators, and automated trading options including Expert Advisors (EAs). MT5 adds features like multi-asset trading, advanced charting, and an integrated strategy tester, making it ideal for both novice and experienced traders. ATFX also offers a proprietary trading app and a copy trading platform called ATFX CopyTrade for social trading. However, they do not offer TradingView, cTrader, or their own unique platform. The broker provides VPS hosting for low-latency automated trading needs.

Question 6

Does ATFX charge any trading or non-trading fees such as commissions, spreads, or inactivity fees?

Accepted Answer

ATFX charges floating spreads starting from about 1.8 pips on the Standard account, which are average to slightly high compared to industry standards. The broker offers commission-free trading on the Standard account but charges commissions on other account types, such as zero spread accounts for specific instruments. Deposits and withdrawals are generally free except a $5 fee on withdrawals below $100 via bank wire. ATFX imposes an inactivity fee of €10 or 20% of the remaining account balance monthly if the account remains inactive for over 12 months to encourage account activity. Overnight swap fees are applicable depending on traded instruments and positions held overnight.

Question 7

What deposit and withdrawal methods are supported by ATFX, and are there any associated fees?

Accepted Answer

ATFX supports various convenient deposit and withdrawal methods including bank transfers, credit/debit cards (Visa and Mastercard), and e-wallets like Skrill and Neteller. Deposits via credit/debit cards and e-wallets are usually instant, while bank transfers can take 3 to 7 business days to process. ATFX does not charge fees on deposits and withdrawals in most cases, except for a $5 fee on bank wire withdrawals below $100. However, clients should be aware that third-party banking fees may sometimes apply. PayPal, American Express, and Bitcoin are not supported deposit/withdrawal methods.

Question 8

Is ATFX suitable for scalping, automated trading, and other advanced trading strategies?

Accepted Answer

Yes, ATFX is suitable for scalping and automated trading strategies. It offers one-click trading on MT4 and MT5 platforms, which facilitates quick trade execution crucial for scalping. The broker provides free VPS hosting to enable ultra-low latency trading which is ideal for automated strategies. MetaTrader's Expert Advisors (EAs) and built-in strategy testers support algorithmic trading, and traders can run EAs with the assistance of the VPS. Hedging is also permitted, and price alerts, stop losses, trailing stops, and limit orders are provided to enhance risk management and trading control.

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