- MetaTrader 4
- MetaTrader 5
- WebTrader
- SCA(UAE)
- FCA(UK)
- CySEC(Cyprus)
- FSC(Mauritius)
- $50
- 4.3/5
Regulation and Security
Regulated by the SCA (UAE), FCA (UK), CySEC (Cyprus) and FSC (Mauritius), ATFX adheres to rigorous regulatory requirements, encompassing capital adequacy, risk management, and safeguarding client interests. To fortify security, ATFX employs several measures to protect client funds and data, including:
-
01
Segregated client accounts
ATFX segregates client funds from its own, ensuring the protection of client capital even in case of financial distress.
-
02
Negative balance protection
ATFX offers clients protection against negative balances, preventing losses beyond the deposited amount.
-
03
Data security
Data protection measures like encryption and firewalls are in place to secure client information.
Trading Platforms
ATFX provides access to both the widely recognized MetaTrader 4 and MetaTrader 5 trading platforms, known for their user-friendliness and rich set of features. Additionally, ATFX offers a web-based trading platform, a convenient choice for traders who prefer not to download additional software.
Advantages
- Competitive pricing with attractive spreads and commissions.
- A diverse array of trading instruments.
- Stringent regulation by the FCA and CySEC.
- Availability of both MetaTrader 4 and MetaTrader 5 trading platforms.
- Access to educational resources tailored for novice traders.
- Customer support available 24/5.
- Acceptance of multiple currencies.
Disadvantages
- A limited selection of account types.
- Absence of copy trading and social trading features.
- Not as widely recognized as some other forex brokers.
- Occasional delays in customer support.
- A restricted choice of funding methods.
- The absence of Islamic trading accounts.
Deposits & Withdrawals:
ATFX facilitates various deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets. The minimum deposit requirement is $50, and ATFX ensures swift and efficient withdrawal processing, with most requests handled within 24 hours.
Instrument Selection
ATFX’s offerings cover a wide spectrum of trading products, including:
- Forex: Over 60 currency pairs are available for trading.
- CFDs: ATFX extends its offering to CFDs on stocks, indices, commodities, and cryptocurrencies.
Account Types
ATFX caters to the diverse needs of traders with a range of account types:
- Standard account: This account type offers commission-free trading with a spread starting from 1.1 pips.
- Raw ECN account: This account type offers commission-free trading with a spread starting from 0.5 pips.
- Professional account: This account type offers commission-free trading with a spread starting from 0.2 pips.
Leverage and Margin
For retail traders in the UAE, ATFX offers leverage of up to 1:30. Leverage empowers traders to control larger positions with a relatively modest amount of capital. However, traders should be cognizant of the potential for amplified losses. The margin requirement for forex trading stands at 2.5%, necessitating a minimum balance of $2.50 for every $100 of position control.
Educational Resources
ATFX is dedicated to educating its clients and offers a variety of learning resources:
- Trading webinars and seminars
- Trading articles and videos
- E-books and trading guides
Customer Support
ATFX provides 24/5 customer support in multiple languages, accessible through live chat, email, and phone.
Fees and Spreads
ATFX maintains a competitive fee structure, including spreads and commissions. The Standard account offers spreads starting at 1.1 pips, the Raw ECN account offers spreads starting at 0.5 pips, and the Professional account offers spreads starting at 0.2 pips. Trading on the Standard account incurs a commission of $0.05 per round trip.
Evaluation of the most influential parameters of Bull79
NOTE!
Don’t Miss Out on Exclusive Monthly Bonuses and Extra Trading Payouts with ATFX!
*Please note that Bull79 may receive a partnership reward for client registrations through their referral link.
Conclusion
ATFX is a reliable and well-regulated choice for forex traders in the UAE, offering competitive spreads, commissions, and a diverse selection of trading products and services.