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ATFX Review 2024: Pros & Cons – Is it a Scam?

In this ATFX Review 2024 article, we take an in-depth look at the broker, covering the types of services and products it offers, the regions it operates in, its strengths, weaknesses, reputation, and customer perceptions. We also debunk some of the myths regarding the broker and give a comparative analysis with some of its competitors.

What is ATFX?

ATFX markets itself as an automation-focused broker that prioritizes its customers. Its service suite includes FX trading, CFDs, market predictions, and analysis of both technical and fundamental factors, provided by financial experts with extensive backgrounds in retail and institutional trading. Notably, AT Global Markets (UK) Limited has stopped serving retail clients and currently serves institutional clients under the brand name ATFX Connect.

ATFX Regulations and Licensing

ATFX has an expansive global reach with offices in Australia, Europe, South America, South Africa, and Asia. The company is licensed and regulated in different jurisdictions as outlined below:

  • AT Global Markets (UK) Ltd has registration number 760555 and is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
  • AT Global Markets LLC is regulated in Saint Vincent and the Grenadines with the number 333 LLC 2020.
  • ATFX Global Markets (CY) Ltd operates under license no. 285/15 and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
  • AT Global Markets (SC) Limited is licensed by the Seychelles Financial Services Authority as a Securities Dealer with License No. SD093.
  • ATFX MENA Financial Services LLC is regulated by the Securities and Commodities Authority (SCA) in the United Arab Emirates with the license number 20200000078.
  • AT Global Markets SA (Pty) Ltd is licensed in South Africa by the Financial Sector Conduct Authority with FSP license number 44816 and a licensed OTC Derivatives Provider. 
  • AT Global Markets (Australia) Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission with AFSL number 418036. 

ATFX Products and Services

ATFX supports forex trading in 43 different currency pairs, including major pairs, minor pairs, and exotics. The broker also supports index trading, and you can trade on 15 different indices from markets in the US, Europe, and Asia, as well as commodities like crude oil, gold, and silver. CFD trading is available for 50 major shares in the US and Germany.

You can also trade cryptocurrencies on ATFX if you are in its Southeast Asia and Latin American markets.

Trades on ATFX are executed through Straight Through Processing (STP), which is automated and fast.

ATFX Retail Accounts

Demo account

ATFX has a demo account feature that serves as a platform for novice traders to hone their trading skills until they’re satisfied with their trading strategy. This ensures that they do not gamble away their funds but take positions based on a good understanding of both fundamental and technical aspects of the market.

Trading accounts

The four different account types offered by ATFX are Micro, Classic, Premium, and Raw. All of the accounts have a maximum transaction size of 20 lots and leverage up to 400:1, but their minimum deposits and spreads are quite different.

Micro account

The Micro Account is designed with beginners in mind and is a great bridge from a demo to a newbie trader.
Key features

  • Spreads starting at 2.6 pips
  • Leverage up to 1:400
  • Lot size starting at 0.01
  • No commissions charged
  • The ability to trade with one click and from charts

Classic account

The Classic account requires an opening minimum balance of $1,0000.
Key features

  • Spreads as low as 1.8
  • Leverage of up to 1:400
  • You can trade with a single click or from charts
  • Zero commission. 
  • Access an unlimited number of simultaneous open orders.
  • ATFX Trading Academy access
  • Maximum trade lots of 20

Premium Account

Premium account holders can access one-click trading using their charts and trade without commissions. In addition, they have access to a free virtual private server (VPS).

Key features

  • Leverage of up to 1:400
  • Spreads from 1.0 pip.
  • Easy one-click trading and chart-based trading;
  • Access to free virtual private servers; 
  • Commission-free trading; 
  • Lot sizes starting at 0.01
  • The unlimited number of simultaneous open orders.
  • Access to ATFX Trading Academy and 
  • Trade with a maximum of 20 lots.

Raw Account

A minimum of $10,000 is required to open this top-tier trading account on ATFX. This is a good fit for people who usually must keep prices down and need things done quickly with tight spreads.
Key features

  • Access to trading academy resources
  • Access to newsletters and analyses. 
  • Trade with a maximum of 20 lots
  • Spreads starting at 0.0 pip
  • Trade lots start from 0.01 
  • Trade with leverage up to 1:400
  • Trade from charts with one-click support
  • Trade with unlimited open orders,
  • Segregate your funds.
  • Free virtual private server.
  • Commissions of up to $7 per lot.

ATFX Trading Platforms


ATFX supports trading via the MetaTrader4 (MT4) platform and has a number of ‘how-to’ videos and interactive webinars through which beginners can learn how to use the platform. Additionally, beginners have a virtual demo account with $50,000 in virtual money to help them learn MT4 without risk.
MetaTrader 4 is among the most trusted trading platforms globally, and it is equipped with a wide assortment of innovative trading tools and features. Among the many trading tools available on the site are chart analysis tools, more than 30 indicators, and expert advisors (EAs).


The ATFX MetaTrader 5 (MT5) trading platform is designed to enable traders to trade the financial markets with ease and precision.
The MT5 is a good fit for both new and professional traders, MetaTrader 5, and it comes with an intuitive interface and advanced charting tools, enabling users to customize their trading experience.

ATFX Spreads

A spread is the difference between the buying price (Bid) and selling price (Ask) of a currency pair. In the forex market, this difference is measured in units called “pips.” Wide ATFX spreads are typically found in less liquid markets, such as in exotic currency pairs and times of high volatility. On the other hand, tight/narrow spreads are associated with highly liquid markets and major currency pairs. ATFX spreads are detailed in the table below:

ProductNameMinimum Spreads1:400 Accounts1:200 AccountsLots Size (Min/Max)Contract Size
EURUSDEuro/US Dollar1.8250 USD500 USD0.01/30100,000 EUR
USDJPYUS Dollar/Japanese Yen2.0250 USD500 USD0.01/30100,000 USD
GBPUSDGreat Britain Pound/US Dollar2.0250 USD500 USD0.01/30100,000 GBP
USDCHFUS Dollar/Swiss Franc2.2250 USD500 USD0.01/30100,000 USD
AUDUSDAustralian Dollar/US Dollar2.5250 USD500 USD0.01/30100,000 AUD
NZDUSDNew Zealand Dollar/US Dollar2.5250 USD500 USD0.01/30100,000 NZD
USDCADUS Dollar/Canadian Dollar2.5250 USD500 USD0.01/30100,000 USD

Depositing funds to an ATFX account

Below are the steps you should follow to fund your trading account:
1. Log into your protected client portal, which is accessible via the homepage.
2. Click on the “Deposit” button.
3. Choose your preferred option between “Bank Wire Transfer” and “Deposit Online” as your deposit method. Note that the “Deposit Online” option refers to deposits made using e-wallets or credit/debit cards.
4. Pick the mode of payment that best suits your needs and follow the on-screen prompts.

There are a number of ways to fund your account, including:

  • Using Visa or Mastercard: This option gives you free deposits and withdrawals, but deposits must be at least $100 USD. Deposits are executed instantly, but withdrawal processing time will depend on your bank.
  • Using Neteller or Skrill: This option also gives free deposits and withdrawals, and deposits must be at least $100 USD. With this option, withdrawals and deposits are processed instantly.
  • Bank Transfer: Withdrawals and deposits are free. However, there might be some transaction charges imposed by your bank fee.  With bank transfers, the processing time for both deposits and withdrawals is three to seven business days.

Trading Tools

ATFX has partnered with Trading Central, one of the foremost market analysis companies in the world. Trading Central provides analysis covering Forex, commodities, indices, and precious metals based on expert data.
Also, ATFX gives all its customers free AutoChartist access. Autochartist has in-built capabilities that enable it to recognize patterns in charts and important price levels across all main markets, including foreign exchange and contracts for difference (CFD) instruments.

ATFX Copy Trading

ATFX Copy Trade feature is a powerful tool that allows inexperienced traders to borrow the trading strategies of expert traders. It is also quite useful when you have a busy schedule, and you want to keep trading successfully but can’t find the time to research the markets and analyze trades. There are two types of accounts involved in copy trading: a “Provider” account for the expert trader who provides the trading signals and a “Follower” account for the one copying trades.

To join the ATFX CopyTrade platform as a follower, all you need to do is link your account to the expert account. Alternatively, if you are a professional trader, you can sign up as a signal provider. In return, you get to earn a percentage of profits made by traders who buy your signal.

The ATFX CopyTrade dashboard ranks all the signal providers based on their earnings, risk profile, and win rate, making it easy for followers to choose their preferred signal providers. These services are available in all markets, including China and Southeast Asia.

ATFX Educational Resources

ATFX offers its clients multiple educational resources to help them sharpen their trading skills. On the ATFX website, you will find free e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies and more.

The company also holds periodic webinars and seminars for its clients. Furthermore, it publishes several market analysis articles covering trading strategies, financial events, market news, and insights. Other useful sources of information include the Economic Calendar, the Earnings Season Calendar, and the Trader Magazine.

Customer Support

ATFX customer support is available 24 hours a day, five days a week, by phone, email, or live chat. It offers support in multiple languages, including Arabic, Dutch, English, Hindi, Vietnamese, Spanish, Thai, Chinese, Portuguese, and Korean.

ATFX Review
An award-winning broker with over 300 asset offerings.
Support for MT4 and MT5 trading platforms.
A free demo account that is easy to open.
All-inclusive education resources for all traders.
Access to free daily analysis.
Regulated and licenced across multiple jurisdictions worldwide.
Free deposit and withdrawals.
Access to AutoChartist, which enables easy identification of patterns.
Competitive spreads.
Unlike most brokers, ATFX UK does not offer bonds and ETFs.
ATFX only offers the MT4 platform; no MT5 or Propritary trading platform.
ATFX UK does not have the freeze rate feature.
High minimum deposit.
ATFX UK does not fundamental analysis support.

ATFX versus other brokers

On the table below, we conduct ATFX Review against two other brokers, Exness and IG:

Licencing Financial Regulatory BodiesMasterCard and Visa Credit/Debit Cards, Neteller, Skrill, and Bank TransfersFCA (UK) Financial Services Authority (Seychelles), Financial Services Commission (Mauritius) Capital Markets Authority (Kenya) Financial Sector Conduct Authority (South Africa) Financial Services Commission (British Virgin Islands) Central Bank of Curaçao and Sint MaartenFCA (UK), ASIC (Australia), Monetary Authority of Singapore (MAS), Dubai Financial Services Authority (DFSA), Financial Sector Conduct Authority (South Africa), Bermuda Monetary Authority.
Forex pairs supported43100+80+
MarketsForex CFD Commodities CFD Share CFD Indices CFD Crypto CFD (South East Asia and Latin America)Forex CFD Commodities CFD Share CFD Indices CFD Crypto CFDForex CFD Commodities CFD Share CFD Indices CFD Crypto CFD
Trading PlatformsMT4, MT5, MobileMT4, MT5, Exness Trade App (mobile), Exness Terminal (web)MT4, ProRealTime,  Mobile App
Minimum Deposit$100$10 for Standard Account $500 for Professional Account$50 For Card, $0 For Bank Deposit
Commission ChargesNONo Commissions on Standard, Standard Cent and Pro accounts.   Commission charged on Raw Spread (up to USD 3.5 per lot per one direction) and Zero Account (from USD 0.2 for one side per lot)Fees built into the spread   For every shares CFD trade, you’ll pay a commission instead of a spread.
Deposit/ Withdrawal  options$10 for a Standard Account $500 for Professional AccountCredit/debit cards, global electronic payment systems, and local payment methods, depending on your regionBank transfer, Credit/debit cards, PayPal
SpreadsFrom 1.8 pips on EUR/USD pairFrom 0 pips on Raw Spread and Zero Accounts and from 0.1 Pips on Pro AccountFrom 0.6 on key FX pairs, 0.8 on major indices, and 0.3 on commodities.
Demo AccountYesYesYes
Customer Support Hours24/5 (Monday-Friday)24/724/5 (Monday-Friday)
Website LanguagesArabic, Dutch, English, Hindi, Vietnamese, Spanish, Thai, Chinese, Portuguese, and Korean.English, Thai, Chinese, Vietnamese, Arabic, Bengali, Hindi, Urdu and KiswahiliEnglish, Chinese, German, French, Italian, Arabic and Japanese.

Are ATFX Scammers?

They say that the best form of flattery is imitation, and scammers know this all too well. If you Google words like “Is ATFX a scam?” or “ATFX scammer,” then you will have quite a number of hits on your search results. However, as shared above, ATFX is headquartered in the UK, where it is authorized and regulated by the Financial Conduct Authority (FCA). Also, it has won reputable international awards for quality customer service in different categories across the globe.

Therefore, if you have come across claims of scams on ATFX review sites out there, you might want to retrace your footsteps because you can be sure that you weren’t scammed by ATFX but by imposters. A number of ATFX review complaints are from people who were scammed by imposters. However, a look at customers who have been served by actual ATFX platforms has good testimonials. Be it ATFX review India, ATFX review Philippines ATFX review Vietnam review or any other market, you will hardly come across a client who complains of having been scammed by the true ATFX trading platforms. Well, there might be a few complaints regarding service experience, but none are about scamming.

ATFX Reviews on MyFXBook.com

Back in 2022, FCA placed a public notice warning that fraudsters are using the details of firms authorized by the regulator to steal from them. Known as “clone firms,” these imposters typically contact unsuspecting investors/traders out of the blue. They are often happy to share the credentials of the legit firm, such as the firm reference number (FRN). However, they are smart enough to blend legitimate details with fake ones, so it becomes difficult to detect if you are not keen.  

By directing customers to the official FCA website, for instance, a clone firm by the name ATFX Global Trading attempted to mislead them into thinking it was the FCA-authorised firm when, in fact, it was attempting to usurp some legal information from AT Global Markets. Also, fake websites such as  https://www.atfx.co/ and https://www.atfx.co/ have attempted to fleece money from customers while posing as ATFX. Please note that the official ATFX website is https://www.atfx.com/


In this ATFX Review article, we have seen that the broker is suitable for beginners and experienced traders alike. It is also one of the most reliable brokers in the market and is regulated by multiple regulatory authorities across different regions. From this perspective, clients can confidently trade with the broker without fearing the loss of their funds or unauthorized use of their personal details.

Additionally, it offers a wide range of trading instruments, some of which are not offered by other brokers. ATFX customers can trade in shares, CFDs, FX, Precious metals, currencies, cryptocurrencies, indices, and commodities. However, adding bonds and ETFs can further increase the value of the ecosystem.
Overall, ATFX is a reliable broker that is dedicated to offering its clients a platform to trade successfully. Its dealings exude reliability, honesty, and transparency. Furthermore, the broker has won multiple reputable international and domestic awards for quality service and customer support.