ATFX Review
You need an online broker if you have decided to start trading and this choice cannot be taken lightly because your selection will decide what kind of experience you will have. Since the trading market shifted online, there has been an explosion in the number of online brokers who are providing their services to aspiring traders who want to have the opportunity of increasing their income. While the availability of multiple brokers is definitely an advantage because it increases competition so you are able to find cost-effective solutions, but there is a downside to everything. More brokers’ means that it is difficult to select who you want to sign up with.
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If you start your research, one of the names that will end up on your list is none other than ATFX. When you take a closer look at the broker, you will realize that it has a reputation for giving everyone i.e. both new and skilled traders the opportunity of entering the financial market no matter where they are. It has earned a name for its reliability and cutting-edge platform and features. Nonetheless, you should note that the broker offers you CFD (Contracts for Difference) trading, which means that you are not buying the physical asset itself, but only purchasing or selling contract, based on your calculations of how the price will move.
If the price moves as you have predicted, you make a profit otherwise, it will be a loss. This form of trading is advantageous because you can trade a wide variety of assets, which allows you to create a diversified portfolio and dabble into various markets.
Trading Instruments
ATFX provides its clients with CFDs for a number of financial instruments. The asset index of a broker is very important because it tells you how much you can diversify and if you will have to switch in the future if you want to explore other markets. With ATFX, you can spread your investment in about five different asset classes. First and foremost, the broker gives you access to the largest financial market in the world i.e. foreign currency. You can trade a horde of currency pairs, depending on your preference and risk tolerance.
You can also use the broker’s services for venturing into the commodity market, which is relatively less volatile and risky. Precious metals like gold, silver, palladium and platinum can be traded and CFDs for soft commodities like wheat, cocoa and coffee are also provided. If you have an interest in the biggest and best indices that can be traded, ATFX brings the option of FTSE, NASDAQ and more for you. The broker has also added stocks to its asset index and these include shares of some of the top companies in various industries like tech, social networking, sportswear etc.
Other than these assets, ATFX has also introduced cryptocurrency on its platform since this financial instrument has experienced exponential growth in the last few years. You can buy CFDs for multiple cryptocurrencies, such as Ripple, Litecoin, Ethereum and the pioneer itself, Bitcoin.
Trading Platform
One factor that can have a huge impact on any trader’s decision to sign up with a broker is the trading platform they have available. It is a given that every trader wants a platform that makes it easy for them to execute their trades and don’t want to deal with a lot of hassles that occur because of lags. ATFX has devised a trading platform equipped to fulfill the needs of all traders, regardless of their experience. It is enriched with features that can speed up trading and there are no delays, which means all trades are executed as soon as they are placed.
When you start using the platform, you will love the fact that it doesn’t make you jump screens as you can view all assets and markets on one screen. Furthermore, as you have access to a multitude of assets, there is no need to sign up with several brokers simultaneously. Plus, the trading platform is quite straightforward and there is no learning curve to overcome, even if you are a new trader. ATFX has given you the option of downloading the trading platform, which doesn’t take long. If you don’t want to deal with downloading and installation, there is a browser version, which can be accessed on any device with a web browser.
Also, since many traders prefer to trade outside of office settings, a mobile trading platform has also been developed by ATFX, which can be used on Android and iOS smartphones and tablets. It is a concise version of the other platforms and allows traders to conduct transactions on the go.
Sign up Procedure
When you select a broker for starting your venture into the trading world, you need to sign up with them. This process involves creating an account and here again, you have a choice to make because every broker offers several account types to traders. In this category as well, ATFX stands out from the crowd because it has more account options than any other broker in the market. Most brokers will only give you three to four account types whereas ATFX goes beyond them with six offerings. Each of these accounts caters to a trader of different skill level and experience.
The six account options are Basic, Silver, Gold, Platinum, Diamond and Millioner, respectively. The features available in each account vary, but there are plenty of them offered to ensure traders can use their accounts to the fullest. ATFX has incorporated features such as access to educational materials for learning the ins and outs of trading, advanced charts for tracking market movements and trading signals for making your decisions. The money that needs to be deposited to start trading also depends on your chosen account type. Thus, traders can decide how much they are willing to invest and choose an account type accordingly.
Once you have selected the account you wish to open, you can sign up immediately on the website. This process will require you to enter some essential information like your name, address, date of birth, email address and phone number. Here, you have to be honest because any inaccurate information can get your account deleted and you will not be allowed to trade.
Payment options
After the signup is complete, you still need to add funds to your account and this means selecting a payment method. ATFX has several options available in this regard, but one thing to remember is that every method has its own cost associated with it and the processing time also varies. Therefore, you need to consider these factors before you select a method for depositing and withdrawing your funds from your account with the broker.
There is the traditional bank wire transfer option, which is quite secure, but it does take time. In addition, banks may also charge some fee for adding or withdrawing funds. Credit cards are the top favorite of traders so ATFX has included them because their transactions are immediately processed, albeit at a cost. The broker supports numerous cards, other than Visa and MasterCard. Technological advancement means new methods have also sprung up, which include e-payment solutions like Skrill and Neteller, which are also available at ATFX.
Education
Trading is a profession that requires ongoing learning because new innovations and developments are made on a regular basis. It is essential for traders to continue studying up on trading and its various aspects and ATFX helps them in doing so through its Education and learning center that it has created. Here, you will find immensely knowledgeable training material in the form of videos and e-books that offer you plenty of useful knowledge. Webinars are also conducted by several industry and market experts to help people in learning new strategies and identifying their mistakes.
Security Measures
We have all heard the horror stories of people losing access to their accounts and having their funds wiped out by hackers. It is not surprising to know that even traders are uncomfortable in sharing their sensitive and personal information with brokers as they are also vulnerable to these threats. Luckily, ATFX has taken the necessary measures to give peace of mind to its clients.
The highest standards of encryption are applied to all information that’s submitted by the traders. They are also advised to use strong passwords, which should not be shared with anyone. AML (Anti-Money Laundering) and KYC (Know your Customer) policies are also applied to verify the authenticity and identity of all those who sign up with the broker.
Customer Support
24/5 customer support is provided by ATFX, no matter what account you open with the broker. You can contact them through live chat option, email or the contact form on their website. Phone numbers are also available. They will give you a detailed and prompt response and will solve any problem you may have as quickly and efficiently as possible.
If you are new to this trading world, ATFX can be the broker to let you get started in the most innovative and supportive environment.
