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GKFX Prime , ATFX Broker Comparison

Do you want to know which is the better broker between GKFX Prime and ATFX ?

In the table below, you can compare the features of GKFX Prime , 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
GKFX Prime
1.57
Offshore Regulatory
Under guarantee
5-10 years
FSC,MFSA,BaFin,CNMV,CNB,CNMV,SERC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
ECN 0,STANDARD,VIP
Forex, Metals, Indices, Energies etc.
200$/£/€/
1:1000
as low as 0.0
20.00
Floating
0.01
--
ATFX
7.46
Regulated
Under guarantee
5-10 years
ASIC,FCA,CYSEC,SCA
--
C
D
1100.9
344
375
344
1985
1985
1780
A

EURUSD: 0.1

XAUUSD: 0.7

19
-1
19
D
17.6 USD/Lot
48.38 USD/Lot
A

Long: -5.99

Short: 2.31

Long: -35.35

Short: 20.28

B
0.6
122
--
--
--
--
--
--
--
--
--
--
--
--

GKFX Prime 、 ATFX BrokersRelevant information

GKFX Prime 、 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 gkfx-prime, 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

gkfx-prime
GKFX Prime Review Summary in 10 Points
Founded 2012
Headquarters UK
Regulation FSC
Market Instruments Forex, Commodities, Indices, Stocks, Cryptocurrency
Demo Account Available
Leverage 1:400
EUR/USD Spread 1.8 pips
Trading Platforms MT4, MT5
Minimum deposit $0
Customer Support 24/5 Live chat, phone, email

What is GKFX Prime?

GKFX Prime is an online forex and CFD broker that was established in 2012. The broker is based in the United Kingdom. GKFX Prime provides traders with a range of trading instruments, including forex, indices, commodities, and cryptocurrencies. They offer various account types and trading platforms, including the popular MetaTrader4 and MetaTrader5 platforms. GKFX Prime also provides educational resources and customer support in multiple languages.

What Type of Broker is GKFX Prime?

GKFX Prime is a Straight Through Processing (STP) broker that offers clients direct access to interbank markets without the need for a dealing desk or human intervention. This means that trades are executed instantly and efficiently without any conflict of interest between the broker and the client.

GKFX Prime's website

Pros & Cons

GKFX Prime's main advantages are their competitive trading conditions, including tight spreads and low commissions, as well as their extensive range of trading instruments and educational resources.

However, their lack of regulatory oversight in major jurisdictions and too many complaints from users may be a concern for some traders.

Ultimately, it's important for traders to weigh these factors against their own priorities and preferences when choosing a broker.

Pros Cons
• Multiple account types and platforms • No legitimate regulatory licenses
• Tight spreads and low commissions • No US clients allowed
• No deposit or withdrawal fees • Too many complaints
• extensive range of trading instruments and educational resources

GKFX Prime Alternative Brokers

Some alternative brokers to GKFX Prime include:

  • IC Markets: An Australian-based broker that offers ECN trading with tight spreads and low commissions. They also have a wide range of trading instruments and multiple trading platforms.

  • Admiral Markets: A European-based broker with a strong focus on education and research. They offer a variety of account types and trading platforms, as well as a wide range of trading instruments.

  • FxPro: A UK-based broker with over 15 years of experience in the industry. They offer a range of trading platforms and account types, including ECN trading with tight spreads.

  • Pepperstone: An Australian-based broker that offers low spreads, fast execution, and a variety of trading platforms. They also offer a range of educational resources for traders.

  • XM: A global broker that offers a wide range of trading instruments and multiple account types. They also offer a demo account for traders to practice trading strategies without risking real money.

It is important to thoroughly research and compare different brokers before choosing one that suits your trading needs and preferences.

Is GKFX Prime Safe or Scam?

As GKFX Prime is an unregulated broker, its reliability may be a concern for some traders. While the company has been operating for several years, the lack of regulatory oversight may make it less attractive to traders who prioritize safety and security. The worse is that there are too many complaints from their users.

Also, it's important to note that being unregulated doesn't necessarily mean that a broker is unreliable. However, it does mean that there is no external oversight of the broker's activities and no protection for clients in the event of financial difficulty or fraud. Clients should exercise caution when dealing with unregulated brokers and conduct thorough research before opening an account.

Market Instruments

GKFX Prime offers 400+ financial instruments to trade, including forex, commodities, indices, stocks, and cryptocurrencies.

Forex: over 50 currency pairs, including major, minor, and exotic pairs.

Commodities: including gold, silver, oil, and natural gas.

Indices: over 20 global indices, including popular indices like the S&P 500, FTSE 100, and DAX 30.

Stocks: over 300 stocks from companies listed on exchanges in the US, UK, Germany, and France.

Cryptocurrency: including Bitcoin, Ethereum, and Litecoin.

asset classes

Accounts

Apart from free demo accounts, there is a large variety of live trading accounts available at GKFX Prime, and each one is tailored to the specific requirements of the clients.

A trader's risk appetite, the quantity of their initial investment, and the amount of free time they have daily to devote to trading the Forex market are all important considerations when deciding which account type will best suit their needs.

The account types include the following: Standard Fixed, Standard Variable, VIP Variable and ECN Zero. Additionally, Islamic accounts are available for clients who follow Sharia laws. There is no minimum deposit requirement for Standard Fixed, Standard Variable and ECN Zero accounts, while $5,000 for VIP Variable accounts.

Account Types

How to open an account with GKFX Prime?

To open a new forex trading account with GKFX Prime, you must first pass a simple “know your customer” test. Because of this, GKFX Prime can verify your identity, your account information, and the security of your cash.

Login information for the trading platform that is best suited to the type of account you opened will typically be emailed to you after the initial registration.

Step 1 – Register an account

Open your Live Trading Account.

Step 2 – Fill out the 5-page form

Supply personal detail, financial information, trade knowledge and experience, etc.

Leverage

The maximum leverage offered by GKFX Prime is 1:400. However, the leverage available to you may vary depending on your location and the regulatory restrictions in place.

Spreads & Commissions

Different account types have different trading conditions. Specifically, Standard Fixed accounts have spread from 1.8 pips and no commissions; Standard Variable accounts have spread from 1.2 pips and no commissions; VIP Variable accounts have spread from 0.6 pips and no commissions; ECN Zero accounts have spread as low as 0.0 pips but have to pay a commission of 10/lot.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
GKFX Prime 1.8 pips No (except for ECN Zero account)
IC Markets 0.1 pips $7 per standard lot
Admiral Markets 0.5 pips No (except for Zero.MT4)
FxPro 1.4 pips No
Pepperstone 0.16 pips No (except for Razor account)
XM 0.8 pips No

Note: The above information is subject to change and may vary based on account types and market conditions.

Trading Platforms

GKFX Prime offers the MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms, which are popular and widely used platforms among traders. They provide access to a range of tools and features, including advanced charting, technical analysis tools, automated trading capabilities, and the ability to customize and use third-party indicators and trading algorithms.

They are both available for desktop, web, and mobile devices, making it convenient for traders to access their accounts and trade from anywhere at any time. Additionally, GKFX Prime offers a VPS (Virtual Private Server) service to clients who require faster and more reliable connection to the MT4 and MT5 platforms.

MT4 VS MT5

Overall, GKFX Prime's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
GKFX Prime MT4, MT5
IC Markets MT4, MT5, cTrader
Admiral Markets MT4, MT5
FxPro MT4, MT5, cTrader
Pepperstone MT4, MT5, cTrader
XM MT4, MT5, WebTrader

Deposits & Withdrawals

While there is no minimum deposit requirement with GKFX Prime, we advise putting up at least five dollars so that you have more flexibility and a higher chance of building positions large enough to make a difference in the markets. The company offers quick deposit and withdrawal alternatives to GKFX Prime traders so that regular traders can have more faith in the platform and gain more market access.

Credit cards (Visa, MasterCard and Maestro), bank transfers and e-wallets such as Neteller and Skrill are all acceptable methods of payment, so long as the buyer has provided the necessary “know your customer” papers to comply with AML regulations. The most common of them is a photocopy of your passport and some form of the recent bill showing your current address.

Credit cards and bank transfers are both acceptable withdrawal methods. Transfers made with a credit card take three to five business days to process, while wire transfers can take anywhere from one to five days. Withdrawal is free of charge.

payment methods

Please note that some deposit and withdrawal methods may not be available in certain regions/countries, and fees and processing times may vary depending on the chosen method.

GKFX Prime minimum deposit vs other brokers

GKFX Prime Most other
Minimum Deposit 0 $100

GKFX Prime Money Withdrawal

To withdraw funds, clients need to log in to their account, go to the “Withdrawal” section, select the preferred withdrawal method, and follow the instructions provided. It's worth noting that GKFX Prime may require additional documentation for verification purposes before processing the withdrawal request.

Bonus & Fees

GKFX Prime claims to offer a 100% welcome bonus and a 50% re-deposit bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task.

Apart from commission fees on the ECN Zero account, there are no other fees charged.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
GKFX Prime Free Free No
IC Markets Free $0-$20 depending on method AUD$10 per month after 6 months of inactivity
Admiral Markets Free Free €10 per month after 24 months of inactivity
FxPro Free Free $5 per month after 12 months of inactivity
Pepperstone Free Free AUD$15 per month after 12 months of inactivity
XM Free (may vary depending on method and country) Free (may vary depending on method and country) $5 per month after 90 days of inactivity

Please note that these fees are subject to change and may vary depending on the country of residence and the payment method used.

Customer Service

GKFX Prime offers customer support in multiple languages through various channels including live chat, phone, and email. Their customer support is available 24/5, which means that traders can get assistance during the trading week. Additionally, GKFX Prime provides support through social media platforms such as Facebook, Twitter, LinkedIn, Instagram and YouTube.

Customer Service

The broker also provides an FAQ section and educational resources on its website to assist traders. Overall, GKFX Prime has a good reputation for customer support.

Pros Cons
• Multiple channels for customer support including email, phone, and live chat • No 24/7 customer support available
• Dedicated account manager for VIP clients
• Multilingual customer support
• Quick response time to customer inquiries
• Availability of customer support during market hours

Note: These pros and cons are subjective and may vary depending on the individual's experience with GKFX Prime's customer service.

Education

Those interested in opening an account with GKFX Prime should familiarize themselves thoroughly with the ins and outs of forex and commodity trading before placing any trades. If a trader needs more information than is available on the GKFX Prime website, they should look elsewhere.

GKFX Prime offers a range of educational resources for traders of all levels, including video tutorials, articles, ebooks, webinars, seminars.

Webinars: GKFX Prime provides free webinars to its clients, covering various trading topics, such as market analysis, risk management, and trading strategies.

Video tutorials: The broker offers a collection of video tutorials covering a range of trading topics, including technical analysis, trading psychology, and risk management.

Conclusion

Based on the information provided, GKFX Prime is an unregulated broker with a wide range of trading instruments and account types. While their trading conditions are relatively competitive, the lack of regulation raises concerns about the safety of client funds. Their customer support and educational resources are adequate but not exceptional. Overall, traders should approach GKFX Prime with caution and consider alternative brokers that are regulated and offer more comprehensive services.

Frequently Asked Questions (FAQs)

Q 1: Is GKFX Prime regulated?
A 1: Yes. It is regulated by FSC.
Q 2: At GKFX Prime, are there any regional restrictions for traders?
A 2: Yes. GKFX Prime does not provide services for the residents of certain countries, such as the United States of America, Canada, Japan, Indonesia, Turkey, Israel and the Islamic Republic of Iran.
Q 3: Does GKFX Prime offer demo accounts?
A 3: Yes.
Q 4: Does GKFX Prime offer the industry-standard MT4 & MT5?
A 4: Yes. Both MT4 and MT5 are available.
Q 5: What is the minimum deposit for GKFX Prime?
A 5: There is no minimum initial deposit requirement.
Q 6: Is GKFX Prime a good broker for beginners?
A 6: Yes. GKFX Prime is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
atfx
ATFX Basic Information
Company Name AT Global Markets (UK) Limited
Year Founded 2014
Headquarters London, UK
Regulated By ASIC, FCA, CYSEC, SCA (Exceeded)
Tradable Assets Forex, CFDs on indices, commodities, and stocks
Account Types Standard, Edge, Premium
Demo Account Yes
Minimum Deposit $/€/£100
Max. Leverage 1:30 (retail traders)/1:400 (professional traders)
EUR/USD Spread 0.6 pips
Trading Platforms MT4, MT5, and their own proprietary trading platform
Deposits & Withdrawal Methods VISA, MasterCard, Skrill, Neteller, Bank Transfer, Trustly
Education and Analysis Webinars, articles, daily market outlooks, technical analysis tools
Customer Support Phone, email, live chat

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.

basic-info

Is ATFX Legit?

ATFX is a thoroughly regulated broker, boasting four licenses from esteemed global financial regulatory bodies. These include a Market Making (MM) license (No. 418036) from the Australia Securities & Investment Commission (ASIC), an Institution Forex License (No. 760555) from the Financial Conduct Authority (FCA) in the United Kingdom, an STP license (No. 285/15) from the Cyprus Securities and Exchange Commission (CySEC), and an exceeded Investment Advisory License (No. 20200000078) from the Securities and Commodities Authority (SCA) in the United Arab Emirates. These multiple layers of regulation demonstrate ATFX's commitment to adhering to high financial standards, transparency, and the protection of investor interests.

Regulated by ASIC
Regulated by FCA
Regulated by CySEC
Exceeded SCA license

Pros & Cons

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 excellent customer support services.

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 well
  • 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

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

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

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

Non-Trading Fees

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

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

  • Deposit Fee: 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.

  • 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 (info@atfxgm.eu): 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 (+357 25 258 774): 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 during Mon – Fri 08:00 – 18:00 GMT+2*, and *GMT+3 during Daylight Saving Time.

  • Headquarters: Maryvonne Building, 159 Leontiou A Street, Office 204, 3022, Limassol, Cyprus

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

Question: Is ATFX a regulated broker?

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

Question: What is the minimum deposit requirement for ATFX?

Answer: $100.

Question: What trading platforms does ATFX offer?

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

Question: Does ATFX offer a demo account?

Answer: Yes.

Question: Is ATFX suitable for beginner traders?

Answer: 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 gkfx-prime, 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 gkfx-prime and atfx are, we first considered common fees for standard accounts. On gkfx-prime, the average spread for the EUR/USD currency pair is as low as 0.0 pips, while on atfx the spread is --.

Which broker between gkfx-prime, 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.

gkfx-prime is regulated by FSC,MFSA,BaFin,CNMV,CNB,CNMV,SERC. atfx is regulated by ASIC,FCA,CYSEC,SCA.

Which broker between gkfx-prime, 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.

gkfx-prime provides trading platform including ECN 0,STANDARD,VIP and trading variety including Forex, Metals, Indices, Energies etc.. atfx provides trading platform including -- and trading variety including --.

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