Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year. IC Markets is the largest forex broker by trading volume, with over $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates. IC Markets is also well-known as an excellent option for algo trading due to its great pricing and execution. Check out our full-length review of IC Markets, and algo traders (or traders who want to learn about HFT systems) can check out our popular guide to high-frequency trading.

• If you are looking for tighter spreads, then the Edge Account promises as low as 0.6 pips on the major currency pairs, yet it does have a higher minimum deposit of £/€5,000.
• For further finance transparency, ATFX has partnerships with EY, a professional audit organization.
• It also includes Bosnia and Herzegovina, Iraq, Ethiopia, Syria, Sudan, DPRK, and Turkey.
• This means that currency values are influenced by a variety of international events.
• Depending on the country that you sign up for ATFX in, you may have access to a bonus.

Accounts

Opinions, market data, and recommendations are subject to change at any time. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. This is a daily market report that can be downloaded from the platform’s site. You will also see the previous markets as well as reports of recent months that have passed. By the third party, I mean ATFX does not validate either can they ascertain the integrity or accuracy of the reports. Even so, the inclusion of ATFX customer reports is an extremely useful tool.

How Does ATFX Protect Client Funds?

Retail accounts also offer negative balance protection, meaning you can never lose more than you have on deposit with the broker. ATFX has partnered with Trading Central, the world’s top-tier technical analysis resource. The technical strategies and professional data provided by Trading Central cover Forex, precious metals, commodities, and indices. Clients can download MT4 Desktop (designed for Windows) to enjoy cutting-edge features and access to multi-currency and multilanguage trading support.

Instruments Traded

Partnering with a reputable, well-regulated broker and maintaining realistic expectations are also crucial. Forex trading is far more common due to the market’s high degree of leverage, liquidity, and 24-hour accessibility. Forex traders typically use shorter-term strategies to capitalize on frequent price fluctuations in currency pairs. Forex trading has high liquidity, meaning it’s easy to buy and sell many currencies without significantly changing their value. In addition, traders can use leverage to amplify the power of their trades, controlling a significant position with a relatively small amount of money. However, leverage can also amplify losses, making forex trading a field that requires knowledge, strategy, and an awareness of the risks involved.

With over a decade’s experience as a finance writer, Elizabeth Anderson applies her knowledge and experience to keep a finger on the pulse of global trends. Specialising in forex, cryptocurrencies, and stocks, Elizabeth follows the movements that impact the world of trading. Each bar on a bar chart represents the trading activity for a chosen time frame, such as a day, hour, minute, or any other period the user selects. Each bar contains the trade’s opening, highest, lowest, and closing prices. A dash on the left of the bar represents the period’s opening price, and a similar dash on the right represents the closing price.

Spread is the difference between the bid (buying) price and the ask (selling) price of a currency pair. 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. Tight, competitive spreads – meaning you pay less to open a position.

ATFX also provides unlimited access to Trading Central (subject to account type), which means clients can use this trading tool to make the best of their open positions. For traders with experience and who meet certain criteria the broker also offers a professional account. This account allows traders to trade on all instruments with higher leverage as long as they meet the threshold to qualify as an elective professional, (evidence atfx trading platform will be required when applying). They state that they operate an ECN (electronic communications network) model, using STP (straight-through processing) technology, without any dealing desk interference. However, they do reserve the right to act as a market maker in certain circumstances. The company offers over 200 financial instruments to trade with including forex and CFDs in indices, commodities, cryptocurrencies, and shares.

IBs also receive free access to Trading Central and other trading tools. This means that every ATFX client referral case leads to gains. Commission payments are instant without hidden charges or fees. The research displayed in Trading Central utilizes chartist analysis to determine targets and price direction. It also includes mathematical models to determine timing relevance and confirm directions. Trading Central additionally uses Japanese candlesticks and related signals to verify acceleration or reversal markets.

The ATFX minimum deposit for the Standard Account is just £/€100, for which you get a commission-free trading account with market spreads. The spreads for the Standard account starts from 1.0 pip which is indeed comparable to the spreads offered by other STP trading accounts in the market. This ATFX review examines an STP forex broker who has earned trust and respect from hundreds of traders thanks to its active approach which focuses on trader welfare. It is a fair and transparent Forex brokerage that offers no conflict of interest with a reliable trading platform.

The EEA includes Liechtenstein, Norway, Iceland, and other EU member states. Users who open a Premium account also receive a number of exclusive benefits, including premium videos and tutorials, plus full access to Trading Central. The idea of the Premium education feature is to complement the free raw spreads and VPS offered by this type of account. 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.

It also includes the ability to check past events in the history. For each event on the calendar, you will see the time, currency, importance, event, actual, forecast, and previous figures. The mobile trading platforms for ATFX are also versions of MetaTrader 4. You can download an application for either Android or Apple devices, allowing everyone to trade on the go. MetaTrader 4 for Windows has multilingual trading support plus multi-currency support.

Leverage from brokers can allow you to trade much larger amounts than your account balance. Brokers may provide capital at a predetermined ratio, such as putting up $50 for every $1 you put up for trading. This means you may only need to use $10 of your own funds https://forexarena.net/ to trade $500 in currency. The most basic trades are long and short trades, with the price changes measured in pips, points, and ticks. In a long trade, the trader bets that the currency price will increase and expects to sell their position at a higher price.