HYCM Henyep vs ATFX 2023
We tried contacting customer support within office hours and they responded quickly and efficiently. You can contact a member of staff Monday to Friday from https://forexarena.net/ 9 am to 5 pm. You can contact them by phone, email or through the live chat. There is also a phone number available if you are calling from outside the UK.
- The minimum lot size you can use when trading FX products is 0.01, and the maximum lot size is 20 lots.
- According to the recently released market intelligence report from the media firm Finance Magnates, ATFX ranked among the top 10 brokers with respect to their MT4 trading volume.
- MT4 offers a wide range of chart analysis tools, including more than 30 indicators and technical analysis tools.
- After you’ve created your account you can move on to the deposit page to place funds in your account and start live trading.
- Another positive thing about it is that no fees are charged, no matter what payment method you choose, be it debit or credit cards, e-wallets or wire transfers.
- Having weathered the trials and tribulations of the Forex brokerage industry, ATFX attributes today’s success to its proactive and innovative approach.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency. In terms of its client coverage, they aim its CFD trading services at retail traders who use or are interested in using the MT4 platform. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Both HYCM and ATFX offer MetaTrader 4 .Copy trading is not offered by either broker.
ATFX is a trade mark of AT Global Markets INTL LTD a company registered in Mauritius under FSC and all services in the Hashemite Kingdom of Jordan is offered through its Introducing Broker. Very bad customer service ever I had worked with them don’t open account in this broker… Asktraders is a free website that is supported by our advertising partners.
There is one unusual practice that the broker takes a one-minute trading break each day around midnight (GMT+2 or GMT+3 during Daylight Savings Time). Or European based day traders, it may not suit those who typically hold positions for the long-term or trade the Asia session. It could also impact trading robots overnight as they may fail to enter or exit positions at that time. ATFX provides its partners with free access to Trading Central’s instant market statistics and analysis reports to assist with trading decisions.
The indices section at ATFX offers access to a wide range of underlying assets, such as the SPX500, US30 and NAS100. There’s flexible, non-stop long/short trading, which in Forex terms translates to 24/5. The asset list includes 43 currency pairs, among them majors (like the most popular EUR/USD), minors like AUD/CAD, and exotics, such as the EUR/HUF. The minimum amount you are required to deposit in order to start trading is $200 for the Standard account and $5,000 for the Edge account. The ATFX website also offers an education section for users to benefit from.
You will then get an email to remind you to attend the webinar at the indicated time. Overall, ATFX does not charge any deposit and withdrawal fees and offers a fair selection of payment methods. Trading is very simple, you will have the asset list on the left side of the screen, the charts where you can buy and sell assets on the right side and the trading history on the bottom.
Furthermore, all ATFX UK account types conform to FCA regulations, let traders enjoy free deposits and withdrawals, and allow access to their online trading course. ATFX primarily offers the MetaTrader platform suite from its regulated brands in the EU via Cyprus, and the UK, as well as its offshore entity in Mauritius. ATFX has made progress although still trails behind the best brokers when it comes to the range of investment products it offers and the available trading platforms. It is also important to know about the spreads on ATFX, which are competitive compared to other brokers on the market.
To open a demo account, first fill out a simple registration form by entering your name, email address, telephone number and country of residence, along with the virtual trading amount. Once you’ve done that, check your email for the login details of your demo MT4 account, download the platform and start trading. Yes, you can open an account with ATFX if you are residing in Hong Kong. However, the broker does not offer its services to residents and US citizens due to the stringent laws which prohibit CFD trading on both domestic and foreign platforms.
FOREX.com vs ATFX 2023
However it is not easy to meet all these requirements ,especially the investors demands differently on pricing and trading execution. STP mode enables brokers to corporate with all the liquidity providers to set up the most competitive bid and ask price to the clients. High transaction volume stimulates liquidity provides to offer advanced leverages to execute the clients’ orders. STP provides the best trading environment to meet the clients’ satisfaction with the effective liquidity between price providers and receivers. The company offers a decent range of trading account types that should suit most traders.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. The Web Trader is a much simpler platform, which is obviously less powerful than the downloadable MT4 in the way of charting options and trading tools. It too can be used for opening positions though, and its execution is indeed rather impressive. Oil trading – like the trading involving most of the other available assets – is CFD-based, which means that traders never gain actual possession of the traded asset. They just exchange contracts based on the value of the underlying asset.
They still provide you with the ability to trade all of the major pairs but offer a limited selection of minor and exotic currency pairs on their platform. This time, the report focused on ranking brokers by their MT4/MT5 trading volume, user activity, industry information interpretation and critical financial market events. In addition, the report provided investors with the performance of leading brokerages in Q through a data-based approach. FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe.
As they started in 2014, they have won relatively few awards to date despite receiving typically favourable reviews. Most notably, the company’s website currently highlights that it won the Best Forex CFD Broker award at the U.K. When it comes to data security, ATFX makes sure your data is secure with SSL encryption. There are no fees attached to deposits in pounds sterling, U.S. dollars and euros. You can then click on the signals tab in the toolbox window positioned at the bottom of the platform’s display to choose trading signals that you wish to follow.
ATFX has not set any restrictions on the amount our partners can earn per client. So, if clients from our partners are continually active in trading, our partners could continue to earn from their clients,with no upper limit. Under the Introducing Broker Partnership Program at ATFX, partners can earn rebates on any clients referred, and we require no upfront investment or complex integration into ATFX. Market analysis and account management features can also be used through the web interface. MT4 comes in 3 versions, covering Windows, iOS and Android compatibility. All three versions carry all the capabilities of the Windows-based platform.
PARTNER WITH AN AWARD WINNING BROKER
Once you have deposited funds into your account or have opened a demo account, you will be suggested to download MT4. Doing that takes just a couple of minutes, alternatively, you can also access MT4 WebTrader, a browser-based platform that does not need to be downloaded. If you have a demo account, you will be given $100,000 to trade, whilst if you are trading live, you will have as many funds as you deposited in the previous stage. It is currently amongst the most popular and well-reputed platforms on the market, with over 80% of all reliable brokers using it. Today’s investors require extremely tight spreads, deep liquidity, market transparency , anonymous trading, low slippage and latency.
Cryptoassets are unregulated in some EU countries and the UK. Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Visit site68% of retail investor accounts lose money when trading CFD’s with this provider.
The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. The most popular payment option is MasterCard or VISA credit and debit cards, but you can also use e-wallets such as MoneyBookers, Neteller, and others. We are certain that the transfers are accepted in a variety of currencies but please contact customer support if you are not sure whether your currency is accepted. To get started you will have to go on the ATFX official website.
The broker chooses to focus its attention on clients’ present needs and the provision of superior services. It has to be noted that traders are required to keep at least $5,000 in their Edge accounts, to maintain their status. ATFX reserves the right to change Edge accounts to Standard in the event this minimum equity is not maintained.
Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Interactive Brokers offers better pricing overall for traders. In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive Brokers is considered low-risk, with an overall Trust Score of 99 out of 99. ATFX is considered average-risk, with an overall Trust Score of 70 out of 99.
Quarterly Trading Volume Increased By 7%
ATFX offers a Quarterly Market Outlook, allowing you to monitor changes and trends in the financial market with detailed fundamental and technical analysis. It is designed to atfx broker review help you develop an effective trading strategy to make long term profits. Abdullah Sarwar is a market analyst and a fintech investor with more than 5 years of experience.
Its Facebook page presently has over 47,000 followers, and its U.K. As with most platforms, the company pays withdrawals into the same account from which they made the initial deposit. Traders are also given negative balance protection when trading on a spread-betting account. While hedging is allowed using the spread betting account, scalping is not permitted. Social trading at the company is only available via their collaboration with the MT4 trading software and community. Once logged in to the MT4 platform, you will need to register for your social trading account by clicking on the ‘auto trading’ button.
HYCM provides traders 70 currency pairs (e.g., EUR/USD) compared to ATFX’s 44 available pairs. Forex pairs aside, HYCM offers traders access to 362 CFDs while ATFX has 150 available CFDs, a difference of 212. HFM provides traders 47 currency pairs (e.g., EUR/USD) compared to ATFX’s 44 available pairs.
As you can see, the main difference is that the Edge account provides traders lower spreads compared to the Standard account. The website claims that no fees apply for deposits, no matter what payment method you choose, including credit/debit cards, e-wallets or wire transfer. A small fee may apply if you are depositing funds with a non-UK credit or debit card, but aside from that, the official website claims that no fees apply. There is not much information provided on the supported countries. However, the broker is regulated in the European Union and MiFID, meaning ATFX can provide its service in most of the countries in the globe. If you wish to find out more about what ATFX is, what they offer, their fees, trading platform, regulation and so on, we recommend reading this review.