Lot size is amount of currency you’re trading in a single transaction. Standard lot sizes are typically 100,000 units of base currency, but there are also mini, micro, and nano lots with smaller amounts. Tight, competitive spreads – meaning you pay less to open a position. With this in mind, the reader of this review is left to weigh the benefits of trading with ATFX against its apparent shortcomings.
Forex Economic Calendar
Past market reports are also available on the same page, including those from the last few months. The use of Expert Advisors allows for automated trading strategies. MT4 also has enhanced trading speed and is known for its robustness and stability. That, in turn, improves the transparency of trading conditions. Finally, ATFX supports trading of 50 major shares CFDs from the United States and Germany.
CLIENT REVIEWS
There is access to 1-to-1 customer support 24/5 plus tight spreads and no commissions. Trading of this type of asset begins with a 0.10 lot size. ATFX also has a mobile application for trading on the go and convenience. Clients can also enjoy full account management via the sleek client portal. The average daily turnover of the forex trading market is up to 5 trillion USD, several times more than any stock market in the world.
ATFX Broker Review
Additionally, the Duke of Edinburgh Cup is a known charity that has Royal Patronage. This lines up with the philosophy of ATFX, which further encouraged the broker to sponsor the event. This particular event is long-standing, with 18 years of events.
The broker has a client portal that is state-of-the-art and relies on the leading encryption systems. Pips are also a good measure of distance to a price target. You can use a fixed number of pips to set an exit price or a stop-loss every time you open a new trade. Pips play an important role in risk management during forex trading as a price movement measurement. You can complete a profile at this stage so your broker can identify you.
- The broker’s customer service is found to be bad in giving due responses.
- You should seek independent advice before making investment decisions.
- Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
- It is also popular for those who want to trade with leverage and a small investment.
- ATFX was also the Best Branded Broker 2017 from Shenzhen Huiyu Financial.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading https://forexarena.net/ fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
This includes market news and analysis for popular products such as oil, precious metals, indices, gold, crypto, and FX majors. Updates focus on specific products and include predictions, influences, and more. For convenience, ATFX offers an updated list of trading conditions for each individual asset.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. My IB have been trading with ATFX for a long time, no slippage, great service and fast resolution. When i traded EBAY stock, the broker intentionally raised my trading fee from 6$ to 260$ causing me to lose.
Every closed deal from your referral leads to a commission. Commission payments are instant without hidden charges or fees. This allows partners to earn rebates for clients they refer. There is no concern about complexities during the integration process into ATFX.
Market orders are forwarded to the market, and then executed at the market’s tradeable price. After execution, information regarding transactions is sent to the MT4 platform. The execution price is influenced by the liquidity from banks and whether that is sufficient. In total, there are over 2000 indicators and 30 chart analysis tools. Users can set their preferred display methods and parameters for every type of chart and indicator. Automated trading strategies are available via EAs (Expert Advisors).
This particular version of MT4 is designed for convenience. It even incorporates real-time information, so traders can make their decisions with all the available information. It also includes the full flexibility of the Desktop platform plus advanced charting.
Its current location is in Cornhill, the heart of the City of London.The platform and range of trading media available are aimed at professional, experienced day traders. For the convenience of clients, ATFX atfx broker review offers multiple methods of contacting the team. There are main phone lines available on weekdays between 9 a.m. There is an 800 number from the UK and a separate number for calls from outside the UK.