|💻 Demo Account:||Yes |
|⚖ Allows Hedging:||Yes|
|🔪 Allows Scalping:||Yes|
|📈 Trading Platform(s):||MT4 Desktop, Mobile (IOS & Android), Web Trader|
|📜 Regulating Authority(s):||CySec, registered FCA|
|💰 Minimum Deposit:||$100|
|📣 Maximum Leverage:||400:1|
Risk Warning: Your capital may be at risk
l Company Overview
Conceived in late 2014, ATFX Global Markets (CY) Ltd. (ex. Positiva Markets (CY) Ltd) was formed for the sole purpose of being the ideal liquidity provider for a variety of institutional clients. After achieving success with the institutional business model, the company decided to launch a retail brand, hence, ATFX was born.
The ATFX mission is to provide retail traders with the best possible experience. From your state-of-the-art, mobile-accessible Client Portal and account management with 24/5 localised support services, to the trading platform and pricing, ATFX commits to excellence.
Products and Accounts
ATFX focus on products such as indices, metals, commodities as well as currency trading. Registration of an account is a simple process and once account is approved you can deposit and trade on the MT4 platform. 2 types of account are offered by ATFX, Standard account with minimum deposit $100 and a more advanced EDGE Account for the more experienced traders with minimum deposit of $5,000.
Commission and Spreads
The Standard Account offers EURUSD spreads from 1.2 pips with no commissions. For sophisticated traders who like lower spreads there is an EDGE account with EURUSD spreads as low as 0.4 pips with commission. Spreads can depend on market volatility though so are variable but average spreads on both accounts are really low.
MetaTrader4 (MT4) is one of the most popular forex and CFDs trading platforms in the world, with more than 300 brokerage firms and banks using it and providing the platform to their clients.
ATFX offers the Metatrader 4 (MT4) platform which provides best order execution, sophisticated charting, indicators and various other advanced technical analysis tools. Clients can also use the MT4 webtrader and both IOS and Android Mobile MT4.
Deposits and Withdrawals
Once accounts are approved, ATFX allows clients to deposit by Credit Card or Debit Card, with immediate access to instantly transfer to your MT4 account so no need to wait to trade. To ensure client safety and protection, you will have to upload your Passport or National ID card aswell as proof of residence to enable your account to be approved. Bank transfers, Neteller and Skrill are also allowed but take slightly longer. To withdraw funds, clients can withdraw by the same methods using their client wallets. all funds withdrawn must be transferred back to an account bearing the same name of the account holder.
The company offers personal trading service with the help of dedicated account managers. You can seek the help of account managers for one-on-one personal training. Their managers provide professional market insights to all their customers.
Regulations & Safety
ATFX Global Markets (CY) Ltd. (ex. Positiva Markets (CY) Ltd) is licensed and regulated by the Cyprus Securities and Exchange Commission. The company is also allowed to offer certain products or services in the UK under UK FCA reference number 750501 and meets the minimum standards agreed across all EEA countries to provide financial services. The company is a member of the Investor Compensation Fund, a scheme which serves to protect eligible retail clients by paying compensation in the event that a company fails to reimburse funds and/ or financial instruments due to financial issues.
At ATFX the maximum leverage allowed is 400:1. Due to the new MiFID regulations clients will have to take an Appropriateness Test to determine their knowledge and experience which will then result in giving the client the maximum leverage that is available to them. The leverage ratio can also be dependent on local regulations.
Your Capital is at Risk