Interactive Brokers vs ATFX 2023

The Premium account requires a deposit of $10,000 and offers a minimum spread on the benchmark EUR/USD currency pair of 0.0 pips, but there is a commission charge with this account. The broker requires a minimum of $200 as an initial deposit for you to be allowed to access the trading space and start trading forex, CFDs and so on.. Another positive thing about it is that no fees are charged, no matter what payment method you choose, be it debit or credit cards, e-wallets or wire transfers. 81% of retail investor accounts lose capital when trading CFDs with this provider.

Once you have deposited funds into your account or have opened a demo account, you will be suggested to download MT4. Doing that takes just a couple of minutes, alternatively, you can also access MT4 WebTrader, a browser-based platform that does not need to be downloaded. If you have a demo account, you will be given $100,000 to trade, whilst if you are trading live, you will have as many funds as you deposited in the previous stage. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. Today’s investors require extremely tight spreads, deep liquidity, market transparency , anonymous trading, low slippage and latency.

Both FOREX.com and ATFX offer MetaTrader 4 .Copy trading is not offered by either broker. The books of the operator are subjected to regular audits by the competent financial authorities and the brokerage observes strict KYC and AML policies. Retail accounts also offer negative balance protection, meaning you can never lose more than you have on deposit with the broker. MT4’s charting features are excellent and it supports a wide array of time frames, charting features, drawing tools, and technical indicators. While MT4 execution is said to be extremely fast, we experienced some rather surprising delays on a few trades that we launched through a Demo account. The exact trading conditions for every one of the supported indices, metals and currency pairs are made available in great detail in the trading conditions section of the ATFX website.

ATFX Records An Uptick In Quarterly Trading Volume And Active Users

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency. In terms of its client coverage, they aim its CFD trading services at retail traders who use or are interested in using the MT4 platform. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Both HYCM and ATFX offer MetaTrader 4 .Copy trading is not offered by either broker.

You should consider whether you can afford to take the high risk of losing your money. Please read the full risk disclosure on pages of our Terms of Business. Also, the company offers expert market analysis and trade ideas. They make an online trading course available to all live account holders and provide an economic calendar on its website. When it comes to forex trading, they offer access to only 42 currency pairs, which is less than the majority of other platforms.

Moreover, ATFX offers traders negative balance protection that ensures that traders will not lose more money than deposited. ATFX has definitely gained momentum in the last five years. There are some very positive aspects of the broker, such as the availability of the MT4 trading platform as well as the education and resources section of the website. The company supports the free MetaTrader 4 trading platform developed by MetaQuotes. While MT4 remains the market standard for retail traders, the lack of selection is a disadvantage compared to the trading platform choices on offer with other brokers. To compare the trading platforms of both Interactive Brokers and ATFX, we tested each broker’s trading tools, research capabilities, and mobile apps.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. 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 its execution is indeed rather impressive. 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.

What can you trade?

Still, trading costs at HFM are slightly above the industry average. In our analysis of 23 international regulators across 50 brokers, HFM earned a higher Trust Score than ATFX. Based on our thorough annual assessment, HFM offers better pricing overall for traders. In our analysis of 23 international regulators across 62 of the best forex brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. FOREX.com holds 4 global Tier-1 licenses, while ATFX holds 1. FOREX.com holds 2 global Tier-2 licenses, while ATFX holds 1.

• Deposit funds from a credit card, E-Wallet or bank transfer to start trading.
• The company also maintains offices in offshore locations in Mauritius and St Vincent and the Grenadines.
• As with most platforms, the company pays withdrawals into the same account from which they made the initial deposit.
• Once you’ve done that, check your email for the login details of your demo MT4 account, download the platform and start trading.
• The company offers over 200 financial instruments to trade with, including a range of forex pairs, and CFDs in indices, commodities, cryptocurrencies, and shares.

ATFX is a trade mark of AT Global Markets INTL LTD a company registered in Mauritius under FSC and all services in the Hashemite Kingdom of Jordan is offered through its Introducing Broker. Very bad customer service ever I had worked with them don’t open account in this broker… Asktraders is a free website that is supported by our advertising partners.

There are also allegations that the site does not offer a choice of trading platforms, but we found that simply does not hold water. It is extremely easy to open a live account and deposit money. If cash is left in the account the company opens trades without the authority of the trader against the market so you lose cash without trading. And Irelands and allows you to speculate on financial markets using margin.

#2 Social Trading

What this means is that customer capital is held in segregated accounts, with reputable European banking institutions. The capital adequacy requirements set forth by the MiFID framework are more than met by the broker. Switch to a real account and deposit the minimum funds necessary to start trading.

We ensure timely payment of earnings to our Introducing broker partners to demonstrate how much we value their efforts in helping ATFX expand and grow. BlackBull Markets is a reliable and well-respected trading platform that provides its customers https://forexarena.net/ with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.

To open a demo account, first fill out a simple registration form by entering your name, email address, telephone number and country of residence, along with the virtual trading amount. Once you’ve done that, check your email for the login details of your demo MT4 account, download atfx broker review the platform and start trading. Yes, you can open an account with ATFX if you are residing in Hong Kong. However, the broker does not offer its services to residents and US citizens due to the stringent laws which prohibit CFD trading on both domestic and foreign platforms.

Global Leader in Online Trading

Once you are done, you will receive a confirmation email with your login details. Opening a real account is similar to opening a demo one but it will be more time consuming because you will have to fill in a questionnaire with an estimated time of completion of minutes. ATFX offers a decent variety of trading products for you to choose from compared to other forex and CFD brokers such as Coinbase and Plus500. There are over 80 assets you can choose from, including stocks, forex, and indices. It is currently owned and operated by AT Global Markets and is registered at the 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. The broker is regulated by FCA, CySEC, MiFID and authorized to offer its services in EEA countries.

ATFX, a CFD broker with a global presence and regulated in multiple jurisdictions, has experienced significant growth in the last quarter of 2022. According to the recently released market intelligence report from the media firm Finance Magnates, ATFX ranked among the top 10 brokers with respect to their MT4 trading volume. The investors get access to over a hundred CFD financial instruments including Forex, Precious Metal, Crude Oil, Indices and Shares. All the instruments can be executed on one platform and offer the best opportunities to all the investors.

To show our appreciation for our most valuable assets, we reward our partners through very competitive, customisable rebate options. According to its official website, ATFX is in fact registered and approved in all EEA countries. Presence of risk disclaimers, education and legal sections to evaluate transparency. No information is provided on fees charged for withdrawal requests. EMERGING MARKETS is regulated by the Jordan Securities Commission authority as an Introducing Broker license number 643 and is the regulated entity in the Hashemite Kingdom of Jordan.

You will then get an email to remind you to attend the webinar at the indicated time. Overall, ATFX does not charge any deposit and withdrawal fees and offers a fair selection of payment methods. Trading is very simple, you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom.

To trade with an asset, all you have to do is select one from the asset list and decide whether you want to sell it or buy it depending on what your strategy is. The first time you click on one of the two, a risk disclaimer will pop up and you will have to accept the terms and conditions before being allowed to continue. Once you’ve done that you are free to trade as much as you want. After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading. You will have to deposit at least $200 to be allowed to start trading. ATFX offers a variety of two account types – the Standard account and the Edge account.

Premium Account

On top of the education section, the broker offers resources to help you carry out research and market analysis. There is also a link you can click on to download the software. There is then an economic calendar that you can access at any time. ATFX offers the MetaTrader 4 and MT4 Mobile forex online trading top platforms.

We tried contacting customer support within office hours and they responded quickly and efficiently. You can contact a member of staff Monday to Friday from 9 am to 5 pm. You can contact them by phone, email or through the live chat. There is also a phone number available if you are calling from outside the UK.