ATFX

ATFX is a global multi-asset broker established in 2017, with its registered office in London, United Kingdom. The broker operates under a co-brand shared by a group of entities, including AT Global Markets (UK) Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. ATFX provides retail clients with access to forex, indices, commodities, and cryptocurrency CFDs through a range of account types and trading platforms.

With a presence in multiple jurisdictions, ATFX has secured regulatory licenses from seven financial authorities, including the Australian Securities and Investments Commission (ASIC), the Securities and Futures Commission (SFC) of Hong Kong, the Cyprus Securities and Exchange Commission (CySEC), and others. This multi-regulatory framework allows the broker to cater to traders from various regions while maintaining compliance with local laws.

ATFX holds a total of seven regulatory licenses, each with specific permissions. In the United Kingdom, the FCA license (No. 760555) permits market making activities. The ASIC license in Australia covers market making, while the SFC in Hong Kong also authorizes market making. CySEC in Cyprus grants a Forex Execution License (STP), and the FSCA in South Africa provides a Derivatives Trading License (EP). Additionally, the broker is regulated by the Securities and Exchange Regulator of Cambodia (SERC) for derivatives trading and by the Seychelles Financial Services Authority (FSA) as an offshore regulator.

The FCA and ASIC licenses are considered high-tier regulations, offering strong client protection measures such as negative balance protection and compensation schemes. In contrast, the FSA offshore license in Seychelles provides less stringent oversight. Traders should be aware of the differences in regulatory protections depending on which entity they open an account with.

ATFX offers four account types: Raw Pro, Edge, Raw, and Standard. All accounts require a minimum deposit of $50 and offer a maximum leverage of 1:400. The raw accounts (Raw Pro and Raw) typically feature tighter spreads with a commission per trade, while the Standard account has wider spreads and no commission. The Edge account is a hybrid option.

Leverage at 1:400 is accessible to all account types, which is higher than the limits imposed by some regulators for retail clients (e.g., ESMA caps at 1:30). However, the actual leverage available may depend on the client's jurisdiction and the regulatory entity involved. The broker supports both MetaTrader 4 and MetaTrader 5 platforms, as well as a proprietary mobile app.

ATFX provides trading in forex pairs, indices, commodities, and cryptocurrencies through CFDs. While the specific number of instruments is not detailed in the known facts, the broker's multi-asset offering suggests a range of over 100 instruments. The platforms include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized for their advanced charting, automated trading capabilities, and custom indicators.

In addition to the MetaTrader suite, ATFX offers its own mobile trading application, ATFX Mobile Trader, designed for traders who prefer trading on the go. The broker also provides educational resources and market analysis, though the depth of these resources varies by client region.

ATFX supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. The broker states that it does not charge fees for most funding methods and processes withdrawals promptly. Customer support is available 24/5 via live chat, email, and phone, with multilingual capabilities.

The broker targets retail traders worldwide, from beginners to experienced professionals. Its regulatory licenses allow it to accept clients from Europe (via CySEC), Asia (via SFC), Africa (via FSCA), and other regions. However, traders in jurisdictions with strict leverage limits may face restrictions when opening accounts under certain entities.

FXCanary's assessment assigns ATFX a scam risk score of 23/100, indicating low risk. This score is based on the broker's strong regulatory oversight from top-tier authorities like the FCA and ASIC, its transparent company information, and its established market presence since 2017. The low-risk rating suggests that ATFX is a legitimate broker with robust compliance measures.

Nevertheless, traders should always verify the specific regulatory entity under which their account is held, as protections differ by jurisdiction. The presence of an offshore license (FSA Seychelles) warrants caution, as it does not offer the same level of investor compensation as FCA or CySEC regulation.