The following ATFX review takes a closer look at the company’s background, its trading conditions and overall offer.
ATFX is UK’s one of the most popular spread betting and CFD provider where one can trade over a hundred instruments that include forex, cryptocurrencies, precious metals, crude oil, indices and stocks. ATFX is a subordinate company of AT Global Markets, a corporation that is regulated and overseen by the Financial Conduct Authority (FCA) in the United Kingdom. Real trading is possible at ATFX with a minimum investment of £100, a demo account can be opened free of charge.
|General Risk Warning: 71% of retail investor accounts lose money when trading CFDs/Spread betting with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about ATFX
- Website address: https://www.atfx.com
- Leverage: up to 1:30
- Instruments: CFDs – Forex, precious metals, stocks, indices, Cryptocurrencies
- Minimum deposit: £100
- Minimum size position: 0.01 lot
- Demo account: Yes, unlimited for free
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard)
The company operates all over the world with an exception of the USA and few other jurisdictions (the whole list can be found on the ATFX website). The ATFX broker currently provides services in 13 languages that include: English, Cantonese, Mandarin, Spanish, Italian, German, Arabic, Vietnamese, Thai, Uyghur, etc.
ATFX trading platform
ATFX uses investors’ popular MT4 platform that you can download to your computer or your mobile device. MT4 platform is also possible to access directly from your browser via the WebTrader. Unlike some other CFD providers, ATFX also supports expert advisors.
Available assets on the ATFX platform
The company features over 100 assets to which traders have direct access from the MT4 platform.
|Asset category||Number of assets||Additional info|
|Forex||43||Major, minor and exotic pairs|
|Cryptocurrencies||4||BTC, ETH, LTC, XRP|
|Precious metals||2||Gold and Silver|
|Crude oil||2||WTI Oil and Brent Oi|
|Indices||15||American, European and Asian indices|
|Shares||50||Major US and German shares|
ATFX – Spreads
The minimum spread at ATFX hovers on major currency pairs between 1 pip and 1.2 pips. For minor currency pairs, the minimum spread ranges between 1.3 pips (for pairs like AUDJPY, EURGBP) and 3.2 pips (GBPNZD). On popular shares like Apple and Facebook, the spread starts at $0.4. The most popular cryptocurrency, Bitcoin, is quoted with a minimum spread of $40.
Spread betting at ATFX
ATFX supports on its trading platform financial spread betting. Because spread betting falls into a different tax category than CFDs, it has some special advantages. The two most important ones are that the profit made when spread betting is free of stamp duty and capital gains tax (in certain jurisdictions). Spread betting is at ATFX only for people from the UK and Ireland, the company does not open spread betting accounts to traders from any other country. Traders outside this area are redirected to CFD trading.
The broker holds live webinars on almost every working day. Most of them are in English with a few exceptions of German and Spanish ones. Luckily, the webinars are for both beginner and advanced traders, so every trader type can find here something new to learn. There is no fee for attending the webinars and since anyone can register, it’s definitely an option to consider.
The conclusion of our ATFX review
ATFX is a solid and transparent broker with more than decent spreads. The company does not feature as many assets as Plus500 or Markets, but it still provides access to the most investors’ popular assets that are out there. We appreciate the modern design of the company and support of the MT4 platform. What we further like is that the UK and Ireland traders can spread bet on the platform with almost identical trading conditions to the ones that have CFD traders.
71% of retail CFD accounts lose money.
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