- Summary:
- Discover why ATFX is classified as a best CFD broker and the regulations it has. Check all you need to know about ATFX.
When we talk about the global financial markets and fintech brokers, the ATFX name always shines. ATFX is a leading fintech broker has a strong global presence in Europe, Southeast Asia, the Middle East, Latin America, APAC, and South Africa.
ATFX (The Institution-Centric Broker) holds licenses in multiple countries, including the UK’s FCA, Australia’s ASIC, South Africa’s FSCA, Hong Kong’s SFC, UAE’s SCA, and Cyprus’s CySEC.
ATFX is committed to delivering an exceptional trading experience to its clients worldwide. They are following customer customer-centric approach, using innovative technology and complying with the regulations.
In this article, we will list all the data about this global broker that you may be interested in knowing before starting trading with them.
Is ATFX Legit?
For sure, ATFX is well-regulated and highly governed in the financial services industry. They are subject to many local and regional regulations that govern and conduct their operations; you can also check our ATFX Review for more information.
Who are the Regulators?
1- In the United Kingdom, AT Global Markets is regulated by the Financial Conduct Authority (FCA).
2- In South Africa, regulated by the Financial Sector Authority (FSCA) and licensed OTC derivatives provider.
3- In Australia, regulated by the Australian Securities and Investments Commission (ASIC).
4- In the United Arab Emirates, regulated by the Securities and Commodities Authority (SCA)
5- In Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
5- In Mauritius, regulated by the Financial Services Commission (FSC).
6- In Seychelles, regulated by the Financial Services Authority (FSA).
7- In Hong Kong, regulated by the Securities and Futures Commission.
Get to know ATFX Board Members
JOE LI: ATFX (UK) CHAIRMAN OF THE BOARD
He graduated from the University of Hong Kong and has worked as an executive in many well-known international listed investment companies. Joe obtained more than ten years of trading experience in investment and management.
WEI QIANG DZHANG: MANAGING DIRECTOR
Wei has obtained more than 20 years of experience and holds a master’s degree in finance, and he is also a chartered and certified accountant.
JULIAN COURTNEY: NON-EXECUTIVE DIRECTOR
He is a fellow of the Institute of Chartered Accountants and has experience in financial services regulation since 1988. worked in the financial service sector, in particular in derivatives markets, for 30 years as global head of compliance and legal, and since 2018, he has established his compliance consultancy firm and acts as an independent NED.
How does ATFX work?
ATFX is a CFD broker, which means that they are providing trading contracts for difference (CFD), giving you access to a variety of products with competitive spreads.
Why Trade CFDs With ATFX?
This will give you the chance to enjoy the listed benefits below:
1- Tight and competitive spreads.
2- Free access to trading tools.
3-Trading through MT4, one of the world’s most popular trading platforms.
4-Very fast execution.
5-zero commission fees.
What is CFD (Contract for Difference)?
CFD, abbreviated to Contract for Difference, is a derivative financial instrument that allows traders to gamble on the price movement of assets such as stocks, forex, commodities, and indices. And this happens without owning the underlying assets.
The CFD contracts are settled in cash, paying out the difference between the asset’s opening and closing prices, thus capturing profits or losses from market fluctuations.
Usually, CFDs support margin trading, allowing leverage to boost positions with a smaller capital investment. This way of trading is popular for short-term trading strategies, offering investors more flexibility to trade on both bearish and bullish markets.
Can You Day Trade With ATFX?
ATFX provides you with the chance to experience day trading safely, but beginners should consider that, while choosing day trading, you will need to hold your trades overnight. And this may cause havoc with nervous people.
How to start day trading with ATFX?
1- Open an online trading account and choose the trading platform you prefer.
2- Create a day trading strategy.
1.2 – Set up your trade and choose the parameters that imply the trend direction and where to enter.
2.2- Don’t forget to make a risk management plan, put your stop loss and take profit orders, and specify a suitable contract size.
3.2- The Execution step will place your position in the market.
3- You’re ready to start day trading.
This screenshot shows how you can set your taking profit and stoploss:
So, you can start your trading journey virtually first, as you can use the free demo trading account provided by ATFX. Test your strategy and be ready to move to the live account. After opening the live account, you can easily fund it through a credit card, E-wallets, or bank transfer. Enjoy your Trading experience.
How to Withdraw Money from ATFX?
Simply, you can withdraw your money the same as your deposit, VISA, MASTERCARD, E-wallets, or bank transfer.
ATFX Trading Platforms
ATFX provides trading through MetaTrader 4 and MetaTrader 5, so you can easily benefit from the features provided by the platform, such as using indicators, live charts, and different timeframes. Let’s see the Feature list.
1- Advanced Charts :
MT4/5 offers advanced technical analysis tools with 30 indicators and more than 2000 free custom indicators and 700 paid ones.
2- Trading Signals:
The platform allows automatic copying of deals performed by others in real time.
3- Expert Advisors:
This is one of the strongest features provided by the MT4, because this gives you the chance to develop, test, and apply expert advisors and indicators.