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ATFX Review
ATFX is a CFD and forex broker whose FCA licence in the UK covers professional clients only, while retail traders use its Cyprus or offshore entities.
Min Deposit
$500
Spreads From
1.8 pips on EUR/USD
Max Leverage
Up to 1:500, EU retail capped at 1:30
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Regulated by the FCA, CySEC, ASIC, and FSCA in four major markets
- Runs about ten separately regulated entities around the world
- Offers both MetaTrader 4 and MetaTrader 5 at no extra cost
- No separate commission charge on the main retail account types
- UK entity has filed with Companies House every year since 2015
Cons
- FCA entity in the UK only accepts professional clients, not retail
- The Saint Vincent entity has no real financial regulator behind it
- Standard account spread on EUR/USD starts at 1.8 pips, not tight
- New account opening is paused for residents of Brazil right now
- UK and EU retail clients cannot get the current deposit bonus offer
ATFX is the trading name of AT Global Markets. Its main UK company was set up in 2015 as Piper Rockfort Capital and renamed in 2017. The group now runs client business through about ten legal entities across Europe, Africa, the Middle East, and Asia, each with its own regulator and rules.
Clients trade forex, indices, commodities, and shares as CFDs through MetaTrader 4, MetaTrader 5, or the ATFX mobile app. Standard account spreads start at 1.8 pips on EUR/USD, and leverage can reach 1:500 depending on which entity holds the account. There is no separate dealing commission on standard accounts.
The UK company, AT Global Markets (UK) Limited, only serves professional clients. Most retail traders end up with the Cyprus entity under CySEC, or with a less protected offshore entity in Mauritius, Seychelles, or Saint Vincent. That last one has no real financial regulator, so check which entity signs you up before you fund an account.
Min. Deposit
USD 500
Max Leverage
Up to 1:500, EU retail capped at 1:30
Spreads From
1.8 pips on EUR/USD
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
