Daily Market Snapshot: Market Movements Ahead of Key Inflation Data 13 August 2024 Official Website

Leverage advanced indicators, drawing tools, and customizable workspaces to identify potential entry and exit points, manage risk, and fine-tune your trading strategies. The more comfortable you are with these platform capabilities, the better equipped you’ll be to navigate the Forex market. Navigating the Forex market can be a daunting task, but with the right strategies and the top trading platforms, you can position yourself for success. As seasoned Forex experts, we’ve compiled a set of proven tips to help you maximize your platform utilization and confidently tackle the dynamic currency exchange landscape. When selecting a forex trading platform, there are several crucial factors to consider in order to ensure you choose the right one for your trading needs.

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This provides us with an unrivalled level of local knowledge and expertise to satisfy our clients’ expectations. The event calendar starts in earnest today for the week with data releases across the jurisdictions and traders are expecting to see more volatility as we progress through the day. Overall, there are some distinct pros and cons when it comes to EverFX. They are somewhat conservative with their offering of investment products, but they do have plenty of options for you to choose from.

Account Types

ATFX has opened a forex education center that can be accessed by clients on the company website. The courses include subject matter on MetaTrader 4, economics, cryptocurrencies, social trading, trading strategies, capital management, and more. ATFX offers mobile trading platforms that are versions of MetaTrader 4. Users can download an app for either Apple or Android devices, enabling on-the-go trading. In addition, the company offers a mobile application, giving users the convenience of trading on the go.

MT5®: A Feature-Rich and Multi-Instruments Platform

Offers a decent range of trading account types that should suit most traders. And Irelands and allows you to speculate on financial markets using margin. Furthermore, spreads for ATFX spread-betting accounts are generally competitive and start at 0.6 pips.

ATFX is a trustworthy broker, authorized by the FCA and holding a moderate trust score, as ranked by ForexBrokers.com. This regulatory oversight assures traders of a secure trading environment, although it’s important to note that ATFX is not listed on any public stock exchange. We offer two of the most popular ways to trade the financial atfx broker review markets, which allow you to trade on both rising and falling markets. Trade Forex, indices, cryptocurrencies, commodities and shares at the touch of a button. There is a misconception that forex is an easy way to make overnight riches. You can succeed in forex trading only if you have the discipline to stick to a working strategy.

What did our traders think after reviewing the key criteria?

Traders are protected against broker defaults in amounts up to £85,000 per person under the Financial Services Compensation Scheme (FSCS), while accounts of E.U. Traders are only protected up to €20,000 by Cyprus’ Investor Compensation Fund (ICF). They also provide an economic calendar and free quarterly market outlook containing longer-term analysis that covers all of the markets ATFX offers. 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).

This market is crucial for international trade, helping businesses and individuals buy goods and services from other countries. STP mode enables brokers to cooperate with all the liquidity providers to set up the most competitive bid and ask price to the clients. The Firm has taken the decision to cease providing services to retail clients, with immediate effect. They only started offering brokerage services in 2017, so they may still have a lot of teething issues that can be ironed out before you open an account with them. Their platforms and website are very easy to use and they do have a standout education platform particularly for beginner traders. They did win two awards in 2018, being presented with the Fastest Growing CFD Broker award in Europe as well as being the Best New Multi-Asset Broker in Europe.

ATFX also requires you provide identification documents before you make your request to withdraw, like most regulated brokers. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical). Those considering signing up for an account with ATFX will want to take advantage of the $100 Welcome Credit for a deposit of at least $200 USD, which is the minimum for a Standard Account.

The idea of the Premium education feature is to complement the free raw spreads and VPS offered by this type of account. You should seek independent advice before making investment decisions. Any opinions expressed do not reflect those of ATFX.You can employ the advice of a CPA (Certified Public Accountant) to help you plan your financial goals. There are no deals, promotions, or welcome bonuses for other countries because they are prohibited by the FCA or other regulatory bodies. However, ATFX does offer various educational services to its professional clients. Its current location is in Cornhill, the heart of the City of London.The platform and range of trading media available are aimed at professional, experienced day traders.

ATFX provides a list of default leverages for clients that can be found in its Trading FAQ section. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

The indices section at ATFX offers access to a wide range of underlying assets, such as the SPX500, US30 and NAS100. 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. It’s like a giant marketplace where people exchange one currency for another, like swapping dollars for euros.

The Financial Services Compensation Scheme (FSCS), covers eligible investments of up to £85,00 per person, per firm. The books of the operator are subjected to regular audits by the competent financial authorities and the brokerage observes strict KYC and AML policies. Retail accounts also offer negative balance protection, meaning you can never lose more than you have on deposit with the broker. The internet and technology has put trading on an exponential trajectory.

• ATFX offers a fee structure with no inactivity charges, but it lacks clear information on spread costs, which could affect trading cost transparency.
• ATFX offers mobile trading platforms that are versions of MetaTrader 4.
• Secondly, Plus500’s competitive fee structure is highly attractive to US traders.
• Automated trading strategies are available via EAs (Expert Advisors).
• There are no deals, promotions, or welcome bonuses for other countries because they are prohibited by the FCA or other regulatory bodies.

Top-notch execution is assured by STP (Straight Through Processing). 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. Margin is the deposit with your broker to control a much larger position size. Leverage allows you to trade a lot size that’s bigger than your deposit, but the margin acts as a guarantee to cover potential losses. Furthermore, it is not wise to measure success in forex according to how much you can earn in one trade. A longer-term perspective helps as you trade forex for small, consistent profits instead of making poor decisions while chasing one or two golden chances.

The website is available in 13 different languages to make it easier for clients from around the world to use the services of ATFX. 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. https://forexarena.net/ As a further bonus, traders are provided with the most up-to-date financial market news and overviews of their most popular products, including oil, precious metals, indices, and commodities. Our in-depth review highlights that while it offers a decent range of trading instruments and platforms, it does not stand out significantly in any particular area. As a Cyprus Investment Firm, the operator is a member of the investor compensation fund.