- Discover why ATFX is classified as a best CFD broker and the regulations it has. Check everything you need to know about ATFX.
When we talk about the global financial market and Fintech brokers, the ATFX name is always shining. ATFX is a leading fintech broker has a powerful global presence in Europe, Southeast Asia, the Middle East, Latin America, APAC, and South Africa.
ATFX (the institution-centric broker) holds licenses in many countries, including UK's FCA, Australia's Asic, FSCA of South Africa, Hong Kong's SFC, UAE's SCA, and Cyprus's Cysec.
ATFX is dedicated to delivering an extraordinary trading experience to its clients around the world. They follow the approach to the customer-centric customer, using modern technology and comply with regulations.
In this article, we will list all data about the global broker that you may be interested in knowing before starting trading with them.
Is ATFX legit?
Certainly, the ATFX is properly fixed and fully managed in the financial service industry. They are subject to many local and regional regulations that manage and perform their operations; You can also check our ATFX review for more information.
Who are the regulators?
1- In the United Kingdom, the Global Markets are controlled by the Financial Conduct Authority (FCA).
2- in South Africa, controlled by the Financial Sector Authority (FSCA) and licensed OTC derivatives.
3- in Australia, controlled by the Australian Securities and Investments Commission (ASIC).
4- In the United Arab Emirates, controlled by the Securities and Commodities Authority (SCA)
5- in Cyprus, controlled by the Cyprus Securities and Exchange Commission (CSEC).
5- In Mauritius, controlled by the Financial Services Commission (FSC).
6- In Seychelles, controlled by the Financial Services Authority (FSA).
7- in Hong Kong, controlled by the Securities and Futures Commission.
Identify ATFX board members
Joe Li: Chairman of ATFX (UK) of the board
He graduated from the University of Hong Kong and worked as an executive with many prominent international listed investment companies. Joe gained more than ten years of investment and management trading experience.
Wei Qiang Dzhang: Managing Director
Wei gained more than 20 years of experience and holds a Master's Finance degree, and she is also a chartered and certified accountant.
Julian Courtney: Non-Executive Director
He has been a fellow of the Institute of Chartered Accountants and has experienced financial service regulation since 1988. It has worked in the financial service sector, especially in the derivatives markets, for 30 years as a global leader of compliance and legal, and since 2018, he has established his company of obedience and acting as an independent Ned.
How does ATFX work?
ATFX is a CFD broker, which means they provide trading contracts for difference (CFD), giving you access to various products with competitive spread.
Why trade CFDs with ATFX?
This will give you the opportunity to enjoy the listed benefits below:
1- tight and competitive spread.
2- Free access to trading tools.
3-trading by MT4, one of the most popular trading platforms in the world.
4-Fast implementation.
5-zero commission fee.
What is CFD (contract for difference)?
The CFD, which is shortened to the contract for the difference, is a derivative financial instrument that allows entrepreneurs to gamble on the price movement of properties such as stock, forex, commodities, and index. And this happens without the ownership of the underlying properties.
CFD contracts are fixed to cash, paying the difference between opening and closing asset prices, thus gaining income or losses from market change.
See also
Usually, CFDs support margin trading, which allows seizure to boost positions with smaller capital investment. This method of trading is popular for short-term trading techniques, which offers investors more flexible trading in both bearish and bullish markets.
Can you trade with ATFX?
ATFX provides you with the opportunity to experience safe day -to -day trading, but beginners should consider that, while choosing the day's trading, you will need to hold your trade overnight. And this can cause chaos to people who are nervous.
How to start trading during the day with ATFX?
1- Open an online trading account and select the trading platform you want.
2- Create a day-to-day trading approach.
1.2 – Set up your trade and select the parameters that indicate the direction of the trend and where to enter.
2.2- Don't forget to create a risk management plan, place your stopping loss and get income orders, and specify a suitable contract size.
3.2- The implementation step will put your position on the market.
3- You are ready to start trading during the day.
This screenshot shows how you can set your income and stopploss:
So, you can start your trading trip first, as you can use the free demo trading account provided by ATFX. Try your strategy and be prepared to switch to live account. After opening the live account, you can easily fund it with a credit card, e-wallets, or bank transfer. Enjoy your trading experience.
How to retract money from ATFX?
Simply put, you can withdraw your money such as your deposit, visa, mastercard, e-wallets, or bank transfer.
ATFX trading platform
ATFX provides trade 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 various timeframes. Let's look at the feature list.
1- Advanced Charts:
MT4/5 offers advanced technical analysis tools with 30 indicators and over 2000 free custom indicators and 700 fees.
2- Trade signals:
The platform allows the automatic copying of deals made by others in real time.
3- Expert Advisors:
This is one of the strongest features provided by MT4, as it gives you the opportunity to develop, try, and apply for the expert advisers and indicators.
