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CPT Markets , ATFX Broker Comparison

Do you want to know which is the better broker between CPT Markets and ATFX ?

In the table below, you can compare the features of CPT Markets , ATFX side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
CPT Markets
8.2
Regulated
Under guarantee
--
--
--
5-10 years
FCA,FSC,FSCA
Online banking,QR,Wire transfer,MASTER,VISA,Crypto
AA
A
455.6
297
297
301
1711
1711
1439
AA

EURUSD: 0.2

XAUUSD: 0.1

25
-1
25
B
9.14 USD/Lot
41.04 USD/Lot
AA

Long: -6.49

Short: 1.94

Long: -21.31

Short: 11.33

AAA
0.2
9.2
STANDARD ACCOUNTS
--
$100
1:1000
From 0.9
50.00
Floating
0.01
--
ATFX
7.45
Regulated
Under guarantee
--
5-10 years
ASIC,FCA,CYSEC,SCA
--
D
D
1079.4
158
158
501
1988
1988
1549
C

EURUSD: 0.3

XAUUSD: 1.2

23
-1
23
C
17.81 USD/Lot
42.88 USD/Lot
A

Long: -6.02

Short: 2.33

Long: -34.43

Short: 19.17

B
0.7
91.7
--
--
--
--
--
--
--
--
--
--
--
--

ATFX BrokersRelevant information

ATFX BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of cpt-markets, atfx lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

cpt-markets
CPT Markets Basic Information
Registered Country/Region Belize
Founded in 2016
Regulation FCA (UK), FSC (Belize)
Minimum Deposit $500
Demo Account Yes
Tradable Assets Forex, Metals, Energy, Indices, Cryptocurrencies
Trading Platforms MetaTrader 4, WebTrader, Mobile App
Spreads From 0.0 pips
Commission $3 per lot
Leverage Up to 1:1000
Deposit Methods Bank Wire Transfer, Credit/Debit Cards, E-wallets
Withdrawal Methods Bank Wire Transfer, Credit/Debit Cards, E-wallets
Education Trading Academy, Webinars, Trading Tools
Customer Support Phone, Email, Live Chat

Overview of CPT Markets

CPT Markets is a global financial brokerage firm that offers a variety of financial instruments for trading. Founded in 2016, the broker is headquartered in London, UK, and is regulated by the Financial Conduct Authority (FCA) and the International Financial Services Commission (IFSC). CPT Markets provides its clients with access to a range of trading platforms, including the popular MetaTrader 4 (MT4) platform, as well as a variety of educational resources and trading tools. The broker also offers competitive spreads and leverage, with the ability to trade on a range of asset classes, including forex, commodities, indices, and cryptocurrencies. However, CPT Markets does not offer its services to residents of the United States, Canada, and some other jurisdictions.

basic-info

Is CPT Markets legit or a scam?

CPT Markets is a legit broker and it has two entities regulated in their own jurisdictions:

CPT Markets is the trading name used by CPT Markets Limited, registered in Belize, regulated by the Belize International Financial Services Commission, license number: No. IFSC000314/351.

regulation

CPT Markets UK is the trading name used by CPT Markets UK Limited. The company's registered office is located in Wales, England, with registration number 6707165, authorized and managed by the UK Financial Conduct Authority (FCA), number 606110. CPT Markets UK Limited is an associated company of CPT Markets Limited.

regulation

Pros & Cons

When evaluating a potential broker to trade with, it's important to consider both the advantages and disadvantages. This can help you make an informed decision on whether a broker like CPT Markets is suitable for your trading needs. In this section, we will provide an overview of the pros and cons of trading with CPT Markets, including aspects such as trading conditions, account types, customer support, and more. By the end of this section, you should have a better understanding of what CPT Markets has to offer and whether it aligns with your trading goals and preferences.

Pros Cons
Wide selection of trading instruments Limited range of tradable instruments
Multiple account types to suit various traders No proprietary trading platform
Competitive spreads and commissions Limited educational resources
Multiple deposit and withdrawal options Limited research and analysis tools
Negative balance protection and client fund safety Limited customer support options outside of Asia
Access to popular trading platforms such as MT4 Limited social trading options

Market Instruments

CPT Markets offers a range of financial instruments across different markets, including forex, indices, commodities, and cryptocurrencies. The broker's asset selection is designed to provide traders with diversified trading opportunities and a chance to profit from market volatility. With over 60 currency pairs, major indices such as the S&P 500 and Nasdaq 100, popular commodities like gold, silver, and crude oil, as well as cryptocurrencies like Bitcoin and Ethereum, CPT Markets has a range of assets to suit different trading styles and strategies. In this way, traders have access to a broad range of markets to trade, making it easier to find potential opportunities in various markets.

products
Pros Cons
Diverse range of assets including forex, commodities, indices, and cryptocurrencies Limited selection of stocks compared to some other brokers
Competitive spreads and low commissions No option to trade futures
No option to trade options
Limited information about some of the available assets
No access to bonds or other fixed-income assets

Account Types

CPT Markets (Belize) offers three types of trading accounts: Standard, Platinum, and ECN. Each account comes with a minimum deposit requirement of $500.

The Standard account is designed for beginner traders who want to start trading with a small investment. This account offers fixed spreads and allows trading in all available instruments. It also comes with the option to use a swap-free account for those who want to trade according to Shariah law.

The Platinum account is aimed at more experienced traders who require access to a wider range of trading tools and services. This account offers variable spreads and allows trading in all available instruments. It also comes with a personal account manager, free VPS hosting, and priority withdrawal processing.

The ECN account is designed for advanced traders who require faster execution speeds and the ability to trade with no dealing desk intervention. This account offers raw spreads, which means that traders can access the tightest spreads available in the market. It also allows trading in all available instruments and comes with the option to use a swap-free account for those who want to trade according to Shariah law. Additionally, the ECN account offers free VPS hosting and priority withdrawal processing.

account-types
Pros Cons
Multiple account types to choose from High minimum deposit requirement of $500
Competitive spreads on all account types No 24/7 customer support
Access to various trading instruments No bonuses or promotions offered
Advanced trading platforms offered
Negative balance protection
Demo Accounts Available

Demo Accounts

CPT Markets offers demo accounts to its clients, which can be used to practice trading without risking real money. The validity period of the CPT Markets demo account is 30 days, after which the account will expire. It's not possible to extend the demo account's validity period, but clients can open a new demo account once the previous one expires. Each client is allowed to have multiple demo accounts to test different trading strategies or to use them for educational purposes.

demo-trading

How to open an account with CPT Markets?

  1. To initiate the account opening process with CPT Markets, interested individuals may visit the broker's official website and click on the “Open Account” button.

open-account
  1. This will redirect them to the account registration page where they will be required to fill out the necessary personal and contact information, as well as financial details and other relevant documents.

open-account
  1. After completing the online registration form, the account will then be subject to review and approval by CPT Markets. Once the account has been verified and activated, clients may then proceed to fund their trading account with the required minimum deposit and start trading various financial instruments offered by the broker.

Leverage

CPT Markets (Belize) offers a maximum leverage of up to 1:1000, which is considered to be high. However, it's worth noting that the actual leverage offered to traders may vary depending on their account equity.

For example, traders with a lower account balance may have a lower leverage ratio, while those with a higher account balance may be able to access higher leverage ratios. This is because higher leverage ratios can increase the risk of losses, and brokers must take steps to ensure that traders have enough margin to cover potential losses.

leverage

You can request a change to the leverage of your trading account by logging into the CPT Markets Client Portal, clicking on “Accounts” section, selecting the relevant account number, and clicking on the “double arrow - leverage change” icon, selecting the suitable leverage from the options.

While CPT Markets (UK) offers trading leverage up to 1:30 in accordance with the regulations set by the Financial Conduct Authority (FCA). One of the regulations set by the FCA is the maximum allowable leverage that can be offered to retail clients, which is currently set at 1:30 for forex trading. This is intended to protect retail clients from incurring large losses due to excessive leverage.

Spreads & Commissions (Trading Fees)

CPT Markets offers variable spreads, which means that the spread can widen or narrow based on market conditions. The broker also charges commissions on some of its account types.

The spreads on CPT Markets' forex pairs start from 0.0 pips, with an average spread of 0.2 pips on the EUR/USD pair. The broker also offers competitive spreads on other major currency pairs, such as GBP/USD, USD/JPY, and AUD/USD.

For indices, the spread on the UK 100 index starts from 0.8 points, while the spread on the US 500 index starts from 0.5 points. For commodities, the spread on gold starts from 0.3 pips, while the spread on silver starts from 0.02 pips.

In terms of commissions, CPT Markets charges $4 per lot for its ECN account, while the Standard and Platinum accounts have no commission charges.

spread-commission

Below is a table comparing the spreads of CPT Markets on EUR/USD, Crude Oil, and Gold with those of FP Markets and AvaTrade:

Broker EUR/USD Spread Crude Oil Spread Gold Spread
CPT Markets 0.3 pips 3.5 cents 20 cents
FP Markets 0.1 pips 3 cents 25 cents
AvaTrade 0.9 pips 3 cents 35 cents

Non-Trading Fees

In addition to trading costs, CPT Markets also charges non-trading fees that clients should be aware of. These fees include fees for deposits, withdrawals, account inactivity, and other administrative fees that may apply.

CPT Markets does not charge fees for deposits and withdrawals, and clients can make unlimited free-of-charge withdrawals per month. However, it should be noted that some payment providers may charge their own fees for transactions, which is beyond the control of the broker.

Inactivity fees may be charged to clients who have not made any trades or account activity for a period of 90 days or more. The fee for this inactivity is $50 per month, which will be deducted from the client's account balance. However, if there is no available balance in the account, no fee will be charged.

Other administrative fees that may apply include fees for account closure, wire transfers, and chargebacks. These fees vary depending on the specific circumstances and are listed in the broker's terms and conditions

Besides, CPT Markets also charge swap fees. Swap fees are charges incurred for holding a position overnight, also known as an overnight financing fee. The amount of the swap fee depends on the instrument being traded and the direction of the position (long or short).

non-trading-fees

Trading Platform

CPT Markets gives its clients access to two excellent choices of trading platforms, the advanced MT4 and MT5. CPT Markets offers the popular MetaTrader 4 (MT4) trading platform, which is available for download on desktop and mobile devices. MT4 is a well-established platform in the industry, offering advanced charting tools, technical analysis indicators, and the ability to execute trades directly from the platform. Additionally, CPT Markets also provides a web-based platform, which can be accessed through a web browser without the need for any downloads. The web platform offers similar features to the desktop platform, including charting tools and order execution.

trading-platform
trading-platform

Besides, CPT Markets also offers the MetaTrader 5 (MT5) trading platform to its clients. With MT5, traders can access a range of order types, including market orders, limit orders, stop orders, and trailing stops. The platform also supports hedging, allowing traders to open multiple positions in the same market in different directions. In addition to the desktop version, CPT Markets also offers a mobile version of the MT5 platform, allowing traders to access the markets from anywhere with an internet connection. The mobile app is available for both iOS and Android devices and offers many of the same features as the desktop version.

Broker Platform Desktop Web Mobile Automated Trading
CPT Markets MetaTrader 4
MetaTrader 5
cTrader
FXCM Trading Station
MetaTrader 4
NinjaTrader
FP Markets MetaTrader 4
MetaTrader 5
WebTrader
IRESS

Deposit & Withdrawal

CPT Markets offers a variety of deposit and withdrawal methods for its clients, including bank wire transfer, credit/debit card, and online payment systems. The broker does not charge any fees for deposits, but third-party fees may apply depending on the payment method used. Withdrawals are generally processed within one business day, but it may take up to five business days for funds to appear in the client's account, depending on the withdrawal method.

Clients can make deposits and withdrawals in multiple currencies, including USD, EUR, GBP, AUD, and CAD. However, it's worth noting that there may be some currency conversion fees charged by the payment provider. In terms of minimum deposit requirements, CPT Markets requires a minimum deposit of $500 for all account types, which is higher than the industry standard.

Pros Cons
Multiple deposit and withdrawal options Some methods may incur fees or minimum transaction amounts
No deposit or withdrawal fees for most methods Withdrawals can take up to 3 business days to process
Option to use local bank transfer in some regions Limited availability of some methods in certain regions
Withdrawal options are more limited than deposit options
Currency conversion fees may apply for some methods

Minimum Deposit

CPT Markets has set the minimum deposit amount at $500, which is relatively higher than the industry average. This may be a consideration for some traders who are just starting out or have limited funds available for trading.

Below is a table comparing the minimum deposit requirements of CPT Markets, IC Markets, and FP Markets:

Broker Minimum Deposit
CPT Markets $500
IC Markets $200
FP Markets $100

Customer Support

CPT Markets offers customer support to clients via various channels. Clients can reach out to the broker's customer service team through phone, email, live chat, and social media platforms such as Facebook and Twitter. The broker also provides a comprehensive FAQ section on its website that covers a wide range of topics related to trading and account management.

CPT Markets' customer service team is available 24/5 to assist clients with any questions or issues they may have. The broker has a multilingual support team that can assist clients in different languages, including English, Chinese, Spanish, and Arabic.

customer-support

Educational Resources

CPT Markets offers a variety of educational resources to help traders improve their skills and knowledge of the financial markets. These resources include:

  • Webinars: CPT Markets offers regular webinars covering a range of topics, from trading strategies and market analysis to risk management and trading psychology.

  • Video Tutorials: CPT Markets provides a range of video tutorials covering different aspects of trading, including technical analysis, fundamental analysis, and trading psychology.

  • eBooks: CPT Markets offers a range of eBooks covering various topics related to trading, including forex trading, stock trading, and commodity trading.

  • Economic Calendar: CPT Markets provides an economic calendar that displays upcoming economic events and their potential impact on the financial markets.

  • Market Analysis: CPT Markets provides daily market analysis, including technical analysis, fundamental analysis, and market news.

  • Trading Tools: CPT Markets offers a range of trading tools, including trading calculators, economic indicators, and a margin calculator.

educational-resources
educational-resources

Conclusion

CPT Markets is a regulated broker that offers a range of trading instruments on multiple trading platforms. The broker's competitive spreads and flexible leverage options make it an attractive option for traders. Additionally, CPT Markets provides a wide range of educational resources, including webinars, trading courses, and market analysis, to help traders improve their skills and make informed trading decisions.

However, CPT Markets does have some drawbacks. The minimum deposit requirement of $500 is higher than industry standards, and the broker charges higher than average non-trading fees. Customer support options are limited, with no phone support available. Finally, while the broker offers a variety of deposit and withdrawal options, some users have reported slow processing times for withdrawals.

Overall, CPT Markets may be a suitable choice for experienced traders who value competitive pricing and a variety of educational resources. However, potential users should weigh the pros and cons carefully and conduct their own research before opening an account with the broker.

FAQs

  • Q: Is CPT Markets regulated?

    A: Yes, CPT Markets is regulated by the Financial Conduct Authority (FCA) in the UK and the International Financial Services Commission (IFSC) in Belize.

  • Q: What is the minimum deposit requirement for CPT Markets?

    A: The minimum deposit requirement for CPT Markets is $500.

  • Q: What trading platforms are available with CPT Markets?

    A: CPT Markets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the CPT Markets Mobile App.

  • Q: Does CPT Markets offer a demo account?

    A: Yes, CPT Markets offers a demo account that is valid for 90 days. Multiple demo accounts can be opened.

  • Q: What is the maximum leverage offered by CPT Markets?

    A: CPT Markets offers leverage up to 1:1000, but the actual leverage offered varies depending on the account equity.

atfx
ATFX Basic Information
Company Name AT Global Markets (UK) Limited
Regulated By FCA, CYSEC
Year Founded 2014
Headquarters London, UK
Trading Platforms MT4, MT5, and their own proprietary trading platform
Account Types Standard, Edge, Premium
Demo Account Yes
Minimum Deposit $/€/£100
Leverage Up to 1:30 for retail traders and up to 1:400 for professional traders
Spreads Variable, starting from 0.0 pips
Tradable Assets Forex, CFDs on indices, commodities, and stocks
Deposits & Withdrawal Methods VISA, MasterCard, Skrill, Neteller, Bank Transfer, Trustly
Education and Analysis Webinars, articles, daily market outlooks, technical analysis tools
Customer Support 24/5 via phone, email, live chat, and social media

Overview of ATFX

ATFX is a global online forex and CFD broker established in 2014, offering a range of trading instruments, including forex, commodities, indices, and shares. The broker also offers several account types, including the Standard Account, Edge Account, and Premium Account, each with different features and benefits to suit different trading needs, with $100 to start. Besides, the broker also offers a demo account for traders to practice and test their strategies. One of the key features of ATFX is its trading platforms. The broker offers the popular MetaTrader 4 (MT4) platform, which is known for its advanced charting tools and user-friendly interface.

ATFX provides its clients with a range of educational resources to help traders improve their trading knowledge and skills. These resources include trading guides, webinars, seminars, and video tutorials. The broker also offers customer support services 24/5 via live chat, phone, and email.

basic-info

Is ATFX Legit or a Scam?

ATFX is a legitimate forex broker that operates under strict regulations. TThis broker is currently regulated by two major financial regulators, the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulators are known for their strict oversight and regulations in the financial industry, which provides traders with a higher level of security and protection. ATFX's compliance with these regulations demonstrates its commitment to transparency and fairness in its business practices.

regulation
regulation

Pros & Cons of ATFX

ATFX has a number of advantages and disadvantages that traders should consider before choosing this broker. On the positive side, ATFX is a well-regulated broker that offers a range of trading platforms and tools, including MetaTrader 4, WebTrader, and mobile trading apps. The broker also provides a wide range of trading instruments, including forex, CFDs, and cryptocurrencies, and offers competitive spreads and low trading fees. In addition, ATFX provides its clients with a variety of educational resources to improve their trading skills and knowledge, and customer support services are available 24/5 through live chat, phone, and email.

On the downside, ATFX has limited options for deposit and withdrawal methods, as it only accepts payments via bank transfers and credit/debit cards. Another potential disadvantage is that ATFX does not offer social trading or copy trading features, which may be important to some traders. Finally, ATFX has limited research and analysis tools compared to other brokers, which may be a concern for more advanced traders.

Pros Cons
  • Regulated by FCA and CySEC
  • Limited range of tradeable assets
  • Low minimum deposit
  • Inactivity fees
  • Competitive spreads
  • Limited research tools
  • Negative balance protection
  • Limited trading platforms
  • Wide range of educational resources
  • No cryptocurrency trading
  • User-friendly trading platforms (MT4)
  • Limited withdrawal options
  • Excellent customer support services
  • Limited language options for customer support

Market Intruments

ATFX provides a wide range of tradable assets to its clients, including forex, metals, oils, indices, cryptocurrencies, and shares. This diverse range of instruments allows traders to diversify their portfolios and take advantage of various market conditions.

Forex-The forex market is the largest financial market in the world, and ATFX provides access to over 100 currency pairs, including major, minor, and exotic pairs.

Precious Metals-The broker also offers trading in precious metals such as gold and silver, which are popular safe-haven assets during times of market volatility.

Indices-Additionally, traders can speculate on the price movements of various indices, including the popular S&P 500 and NASDAQ.

Oils-Oils, such as Brent and Crude Oil, are also available for trading, which are popular among traders due to their high volatility.

Cryptocurrency-ATFX also offers trading in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, which have gained increasing popularity in recent years.

Shares-Lastly, traders can also invest in shares of some of the world's largest companies such as Apple, Amazon, and Google.

products
Pros Cons
Wide range of market instruments including forex, metals, oils, indices, cryptocurrencies, and shares. The selection of instruments may not be as extensive as some other brokers.
Highly liquid markets, allowing for efficient trading and price discovery. Market volatility can lead to significant price fluctuations and potential losses.
Ability to trade on leverage, allowing traders to increase their buying power and potential profits. Trading on leverage also increases the risk of losses, especially for inexperienced traders.
Opportunity for diversification, as traders can access a variety of different asset classes through a single broker. Certain market instruments may have high trading fees or commissions.
Market events or news can have a significant impact on market instruments, making them unpredictable at times.

Account Types

ATFX understands that every trader has their own trading style, preferences, and needs, which is why the broker offers a range of account types to choose from. Whether you're a beginner or an experienced trader, there is an account type that is suitable for you.

The Standard Account is a basic account type that is suitable for beginner traders who are just starting in the forex market. It requires a minimum deposit of $100 and offers fixed spreads starting from 1.0 pips. This account type also provides access to the MT4 trading platform and a range of trading instruments, including forex, metals, oils, indices, cryptocurrencies, and shares.

The Edge Account is a more advanced account type that is suitable for traders who have some experience in the forex market. It requires a minimum deposit of $5,000 and offers variable spreads starting from 0.6 pips. This account type also provides access to the MT4 trading platform and a range of trading instruments, including forex, metals, oils, indices, cryptocurrencies, and shares. In addition, the Edge Account offers free VPS hosting, market analysis, and a personal account manager.

The Premium Account is the most advanced account type offered by ATFX, designed for professional traders who require advanced trading features and tools. It requires a minimum deposit of $10,000 and offers variable spreads starting from 0.0 pips. This account type also provides access to the MT4 trading platform and a range of trading instruments, including forex, metals, oils, indices, cryptocurrencies, and shares. The Premium Account offers free VPS hosting, market analysis, a personal account manager, and access to exclusive trading tools, such as Autochartist and Trading Central.

account-types

Demo Trading

ATFX offers demo trading accounts to its clients, allowing them to practice and familiarize themselves with the trading platform and strategies before committing real funds. Demo accounts are available for all account types, including Standard, Edge, and Premium accounts. These accounts simulate real market conditions, providing traders with the opportunity to test their trading skills and strategies without any financial risks.

The demo accounts are also an excellent tool for beginners who are new to trading as it enables them to learn the basics of trading without the fear of losing money. The demo accounts offer the same features as live accounts, including access to all trading instruments and educational resources, enabling traders to experience the real trading environment.

ATFX's demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques. Moreover, traders can switch between the demo and live accounts anytime they want, enabling them to transition smoothly to live trading when they are ready. The demo accounts offered by ATFX are an excellent resource for traders looking to improve their trading skills and strategies in a risk-free environment.

demo-account

How to open an account with ATFX?

  • Visit the ATFX website: Go to the ATFX website and click on the “Start Trading” button on the top right corner of the homepage.

open-account
  • Fill in your personal information: You will be directed to a page where you will need to provide your personal information, including your full name, date of birth, contact details, and country of residence. You will also need to choose your preferred account type.

  • Provide your financial information: You will be asked to provide information about your financial status, including your employment status, annual income, and investment experience.

  • Submit verification documents: To complete the registration process, you will need to submit a copy of your passport or ID card, as well as a proof of address, such as a utility bill or bank statement.

  • Fund your account: Once your account is verified, you can fund it using one of the available payment methods, such as bank transfer, credit/debit card, or e-wallet.

  • Start trading: Once your account is funded, you can start trading on the ATFX platform using your preferred trading instruments and strategies.

However, when browsing through the broker's website, an unwelcomed page showed up. A message popped up on the screen informing us that only the big shots - professional clients - were allowed to use the trading platform, while retail clients were left out in the cold.

open-account

Here's a table that compares the spreads on EUR/USD, UK100, and Oil offered by ATFX, Avatrade, IC Markets, and FP Markets:

Broker EUR/USD Spread UK100 Spread Oil Spread
ATFX 0.6 pips 2.5 pips 0.05 pips
Avatrade 0.9 pips 1.0 pips 0.03 pips
IC Markets 0.1 pips 1.0 pips 0.03 pips
FP Markets 0.0 pips 1.0 pips 0.02 pips

Leverage

ATFX offers varying levels of leverage depending on the type of trading account and financial instrument.

For forex trading, the maximum leverage available for retail clients is typically 30:1 for major currency pairs and 20:1 for minor and exotic currency pairs. Professional clients may have access to higher leverage, up to a maximum of 400:1, depending on their trading experience and other criteria.

For trading other financial instruments such as commodities, indices, and shares, the leverage may vary depending on the asset class and market conditions.

It's important to note that while leverage can amplify potential profits, it also magnifies potential losses, so it's crucial to use leverage responsibly and only trade with funds you can afford to lose. Additionally, different regulations may apply in different regions and countries, which could impact the maximum leverage available to traders.

Spreads & Commissions (Trading Fees)

ATFX offers competitive spreads and commissions on its trading accounts, which vary depending on the type of account and trading instrument.

For forex trading, ATFX offers both fixed and variable spreads, depending on the account type. The spreads for major currency pairs on the standard account start from 1.0 pip, while the spreads on the Edge account start from 0.0 pips but come with a commission of $7 per lot traded.

For other financial instruments such as commodities, indices, and shares, the trading fees may vary depending on the specific asset class and trading platform used.

spread-commission
spread-commission

Non-Trading Fees

Aside from trading fees, ATFX may charge non-trading fees that traders should be aware of, including:

  • Inactivity Fee: ATFX may charge an inactivity fee of $50 per quarter for accounts that have been inactive for more than 90 days. This fee may be waived for active traders or in certain circumstances.

  • Conversion Fees: If you deposit or withdraw funds in a currency different from your account's base currency, ATFX may charge a conversion fee to cover the costs of currency conversion.

  • Overnight Financing Charges: If you hold a position overnight, ATFX may charge or credit you with an overnight financing charge, also known as a swap fee. This fee is based on the interest rate differential between the two currencies being traded and is typically charged at a fixed percentage of the position value.

  • Withdrawal Fees: While ATFX does not charge any withdrawal fees, third-party payment providers may charge a fee for their services.

  • Deposit Fees: ATFX does not charge any deposit fees, but third-party payment providers may charge a fee for their services.

Trading Platform

ATFX currently provides the MetaTrader 4 (MT4) platform for its traders, which is a widely used platform among forex traders. It offers advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs).

While some traders may prefer other trading platforms, the MT4 platform is a robust and reliable option with a large community of users and third-party developers creating and sharing custom indicators and EAs.

In addition to the MT4 platform, ATFX also offers a range of trading tools and resources, including economic calendars, market analysis, and educational resources such as webinars and tutorials.

trading-platform
trading-platform

Check out this table that compares the trading platforms of ATFX, IC Markets, FP Markets, and Exness:

Feature ATFX IC Markets FP Markets Exness
Trading Platform MT4 MT4, MT5 MT4, MT5 MT4, MT5
Web Trading Platform Yes Yes Yes Yes
Mobile Trading Platform Yes Yes Yes Yes
Social Trading No Yes Yes No
Copy Trading Yes Yes Yes Yes
Trading Signals Yes Yes Yes Yes
Automated Trading Yes Yes Yes Yes
Scalping Allowed Yes Yes Yes Yes
Hedging Allowed Yes Yes Yes Yes

Deposit & Withdrawal

Minimum Deposit

ATFX's minimum deposit requirement of $100 makes it an accessible option for traders who are just starting out or those who prefer to trade in smaller amounts. The following payment methods are available for deposits:

  • Credit/Debit Cards: Visa and Mastercard are accepted. The processing time for deposits made via credit/debit cards is instant, and there are no fees charged by ATFX.

  • Bank Wire Transfer: Deposits can be made via bank wire transfer. The processing time for this method varies, and it may take 2-5 business days to reflect in the trader's account. ATFX does not charge fees for deposits made through bank wire transfer, but traders should check with their bank for any charges that may apply.

  • Online Payment Methods: ATFX also supports online payment methods such as Skrill, Neteller, and Trustly. Deposits made using these methods are typically processed instantly. ATFX does not charge fees for deposits made through online payment methods, but third-party payment providers may charge a fee for their services.

payment-methods
Payment-methods

Withdrawal

How to withdraw money from my trading account?

  1. Log in to the secure Client Portal section of our homepage, then click “Withdrawal”.

  2. This broker will always return funds to the original source they were deposited. For example, if a deposit is made by credit card, funds will be returned to the same credit card. The return can be done through bank transfer, credit/debit card or e-wallet transfers.

  3. If you are withdrawing profit, this broker may ask you for bank account details to send funds directly to your account.

Please note: Your bank account must be fully verified before submitting a withdrawal request.

The time it takes for funds to return to a trader's bank account will depend on the withdrawal method used.

For bank transfers, once the funds have been removed from the trading account, it will take 3-5 business days before they arrive in the trader's bank account. The actual time required for processing may vary, and traders should refer to their bank for more information.

If using an e-wallet, funds will typically be returned to the trader's e-wallet within 2 business days.

For refunds to credit/debit cards, the process typically takes 2-5 business days after the withdrawal has been successfully processed. However, if there are restrictions preventing funds from being returned to the card, ATFX may request a valid bank statement and return the funds to the trader's registered bank account. In such cases, the trader will be contacted by their relationship manager.

All withdrawal requests received before 2 pm (UK time) on a business day will be processed on the same day. Requests received after this time will be processed on the next available business day.

payment-methods
payment-methods

Customer Support

It seems that ATFX understands the importance of providing reliable and efficient customer support to help traders along the way. Whether you're a seasoned professional or just starting out, the brokerage firm offers a range of customer support options to ensure that you have access to the assistance you need, when you need it.

  • Live Chat: ATFX provides a live chat feature on their website, which allows traders to chat with a customer support representative in real-time. This option is convenient and efficient, as traders can get their questions answered without having to wait for a response via email or phone.

  • Email: Traders can contact ATFX's customer support team by email. The brokerage firm aims to respond to all queries within 24 hours, making this a good option for non-urgent matters.

  • Phone: ATFX also provides a phone number for traders to call if they prefer to speak to a customer support representative directly. The phone lines are open from Monday to Friday, during business hours.

  • FAQ Section: ATFX's website also features a comprehensive FAQ section, which covers a range of topics such as account opening, funding, trading platforms, and more. This section can be a useful resource for traders who prefer to find answers to their questions independently.

  • Social Media: ATFX has an active presence on social media platforms such as Facebook, Twitter, and LinkedIn. Traders can use these channels to connect with the company and stay up to date with news and updates.

Educational Resources

ATFX offers a wide range of educational resources to help traders improve their skills and knowledge.

One of the primary educational resources available through ATFX is their comprehensive online trading academy. This academy provides traders with a variety of resources, including webinars, videos, articles, and e-books, all designed to help traders learn the fundamentals of trading and improve their strategies. The academy covers a range of topics, from basic concepts such as market analysis and risk management to more advanced topics like trading psychology and algorithmic trading.

In addition to the online trading academy, ATFX also offers a range of educational resources specifically tailored to the needs of different traders. For example, beginners can take advantage of the company's beginner's course, which provides an introduction to the basics of trading, while more experienced traders can benefit from advanced courses covering topics such as technical analysis and trading psychology.

ATFX also provides traders with access to a variety of market analysis tools and resources. These include daily market analysis reports, economic calendars, and real-time news feeds, all of which can help traders stay informed about the latest market trends and make more informed trading decisions.

educational-resources
educational-resources
educational-resources

Conclusion

ATFX is a well-known brokerage firm that offers a variety of trading services and features for traders of all levels. The brokerage's competitive trading conditions, such as low spreads, high leverage, and multiple trading instruments, provide traders with opportunities across various markets.

Additionally, ATFX provides several customer support channels, including live chat, email, and phone, to help traders with their queries and concerns. The brokerage also offers educational resources, such as an online trading academy and tailored courses, to help traders develop their knowledge and skills.

While ATFX has received positive feedback from some traders, as with any brokerage firm, there are also negative reviews and complaints online. However, these reviews should be taken with a grain of salt, and traders are encouraged to conduct their research and make informed decisions before investing their funds with any broker.

FAQs

Q: Is ATFX a regulated broker?

A: Yes, ATFX is a regulated broker that is authorized and regulated by multiple financial authorities, including the FCA in the UK, the CySEC in Cyprus.

Q: What is the minimum deposit requirement for ATFX?

A: The minimum deposit requirement for ATFX is $100.

Q: What trading platforms does ATFX offer?

A: ATFX offers the popular MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices.

Q: What are the trading fees and spreads at ATFX?

A: ATFX offers competitive trading conditions, including tight spreads and low commissions. The exact trading fees will depend on the account type and trading instrument.

Q: What payment methods are accepted by ATFX?

A: ATFX accepts a range of payment methods, including bank wire transfer, credit/debit cards, and e-wallets. The availability of payment methods may vary depending on the trader's location.

Q: Does ATFX offer a demo account?

A: Yes, ATFX offers a demo account for traders to practice their trading strategies and familiarize themselves with the trading platform before trading with real money.

Q: Does ATFX offer customer support?

A: Yes, ATFX provides customer support through multiple channels, including live chat, email, and phone. Traders can also access a comprehensive FAQ section on the ATFX website.

Q: Is ATFX suitable for beginner traders?

A: Yes, ATFX offers a range of educational resources, including an online trading academy and tailored courses, to help beginner traders develop their knowledge and skills. Additionally, the broker offers a demo account for traders to practice their trading strategies before trading with real money.

Are the transaction costs and expenses of cpt-markets, atfx lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive cpt-markets and atfx are, we first considered common fees for standard accounts. On cpt-markets, the average spread for the EUR/USD currency pair is From 0.9 pips, while on atfx the spread is --.

Which broker between cpt-markets, atfx is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

cpt-markets is regulated by FCA,FSC,FSCA. atfx is regulated by ASIC,FCA,CYSEC,SCA.

Which broker between cpt-markets, atfx provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

cpt-markets provides trading platform including STANDARD ACCOUNTS and trading variety including --. atfx provides trading platform including -- and trading variety including --.

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