General information of WeTrade

WeTrade is a UK registered forex broker that is regulated by the Financial Services Authority (FSA) and the Labuan Financial Services Authority (LFSA) in Malaysia. The FSA is one of the most reputable financial regulatory bodies in the world, and its oversight ensures that WeTrade operates according to strict standards of transparency and fairness. The LFSA is also a well-respected regulator and its oversight provides an additional layer of protection for traders. WeTrade's regulatory status is a significant advantage as it offers traders a level of protection and reassurance that their funds are safe and that the broker is operating within the law.

Regulatory Status

WeTrade is regulated by the Labuan Financial Services Authority (LFSA) in Malaysia under a Straight Through Processing (STP) model, ensuring adherence to local financial regulations. Additionally, it holds offshore regulatory status with the Financial Services Authority (FSA), which includes business registration for broader operational compliance. These regulatory frameworks ensure that WeTrade maintains high standards of transparency and security, providing a reliable trading environment for its clients.

Pros and Cons of WeTrade

Pros:

• Regulated by FSA and LFSA, ensuring client fund safety
• Wide range of instruments including forex, metals, energies, indices, stocks, and cryptocurrencies
• Multiple account types to suit different traders, including a demo account
• Competitive spreads and high leverage of up to 1:2000
• Educational resources available to traders, including an economic calendar and video tutorials

Cons:

• Limited deposit and withdrawal options, with only USDT, bank wire, and local deposit accepted for deposit and union pay and bank wire for withdrawal
• Customer support with only email and social media channels for communication
• Limited information available about the company's background and history
• ECN account requires a minimum deposit of $1000 and charges a commission of $7 per lot traded.

• Pros	Cons
  Regulated by FSA and LFSA	Limited deposit/withdrawal options
  Wide range of instruments	Customer support limited to email and social media
  Multiple account types, including demo	Limited company background information
  Competitive spreads; high leverage up to 1:2000	ECN account: $1000 minimum deposit, $7/lot commission
  Educational resources available

Market Instruments

WeTrade offers its traders a wide range of 120+ instruments to choose from, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. This provides traders with a great opportunity to diversify their trading portfolio and access a variety of markets and assets. Additionally, the selection of cryptocurrencies offered by WeTrade is somewhat limited compared to some other brokers in the market.

Spreads and Commissions

WeTrade offers a variety of account types, including ECN, Standard, and STP, each with different spreads and fees. The ECN account offers zero spreads but charges a $7 commission per lot traded, making it suitable for high-volume traders. The Standard account provides lower EUR/USD spreads starting from 1.0 pips with no commission, making it ideal for advanced traders. The STP account offers EUR/USD spreads starting from 1.8 pips with no commission, making it a good choice for beginner traders. Overall, WeTrades spreads and commission rates are competitive and cater to different trading needs.

Trading Accounts

WeTrade offers three account types to meet the needs of traders. The ECN account requires a higher minimum deposit of $1,000 but offers spreads as low as 0.0 pips, with a $7 commission per lot traded. Both the Standard and STP accounts have a minimum deposit of $100 and offer commission-free trading. Additionally, traders can use demo accounts to practice their strategies without risking real capital. A high leverage of 1:2000 is available across all account types, although some traders may prefer lower leverage.

Trading Platform(s)

WeTrade offers clients the MetaTrader 4 (MT4) platform, a widely used and user-friendly trading platform in the forex industry, also available in a mobile version. MT4 is known for its extensive technical analysis tools, indicators, and support for algorithmic trading via Expert Advisors (EAs).

However, MT4 has some limitations, such as limited customization options, lack of an integrated economic calendar, and no mobile push notifications. Additionally, its backtesting timeframes are restricted, which may hinder traders who need thorough strategy testing.

In addition to MT4, WeTrade also offers its mobile app as an alternative trading platform.

Maximum Leverage

WeTrade offers a maximum leverage of up to 1:2000, which is relatively high compared to other forex brokers. This allows traders to potentially increase their profits with a smaller capital investment and have greater market exposure. However, high leverage also increases the risk of significant losses and margin calls, especially for inexperienced traders who may misuse it or engage in overtrading or emotional trading. Experienced traders with solid risk management strategies may find high leverage useful, but regulated brokers have limits on maximum leverage, which may restrict traders from taking advantage of higher leverage ratios.

Deposit and Withdrawal

WeTrade offers its clients multiple deposit options, including USDT, bank wire, and local deposits. Clients can withdraw funds via union pay and bank wire. WeTrade does not charge any extra fees for deposits or withdrawals. Additionally, there is no minimum account required, making it accessible for traders with different budgets. However, there is limited information provided about the deposit/withdrawal processing time. While WeTrade provides a safe and secure transaction environment, it offers limited withdrawal options compared to other brokers.

Educational Resources

WeTrade offers various educational resources to its clients to enhance their trading skills and knowledge of the financial markets. The resources include an economic calendar, market reports, video tutorials, analyst views, indicators, and TV channels. The economic calendar keeps clients informed about important upcoming events that could affect the markets, while the market reports and analyst views provide up-to-date information on market trends. The video tutorials cover a range of topics from the basics of trading to advanced strategies, and clients can access a variety of indicators and TV channels for technical analysis. The educational resources are available in multiple languages to cater to clients from different parts of the world.

Customer Service of WeTrade

WeTrade offers a comprehensive customer care service that is available 24/7 through various communication channels such as email, YouTube, Facebook, and LINE. This provides customers with multiple options to reach out to the support team and get their queries resolved in a timely manner. Additionally, the support team has a reputation for providing quick response times, which ensures that customers' issues are resolved efficiently. However, WeTrade does not offer phone support, which may be inconvenient for some customers who prefer to speak with a representative directly. Moreover, the response time may vary based on the communication channel used, and the nature of the query may also impact the response time.

Conclusion

In conclusion, WeTrade is a UK-based forex broker that is regulated by FSA and LFSA. The broker offers various account types, including ECN, Standard, and STP, with competitive spreads and high leverage up to 1:2000. The broker supports various trading instruments, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. Overall, WeTrade has some advantages such as competitive trading conditions, a wide range of tradable instruments, and excellent customer support, which make it an attractive option for traders.

However, there are also some drawbacks such as lack of a proprietary trading platform, and no negative balance protection. Therefore, traders should carefully consider their options and weigh the advantages and disadvantages before choosing WeTrade as their preferred forex broker.

Frequently asked questions about WeTrade

• What is the minimum deposit required to open an account with WeTrade?
• The minimum deposit required to open a WeTrade account varies depending on the account type. The minimum deposit for an ECN account is $1,000, while the minimum for a Standard and STP account is $100.
• What trading platforms does WeTrade offer?
• WeTrade offers the popular MetaTrader 4 (MT4) platform for desktop, web, and mobile devices. MT4 is well-known for its advanced charting features, customization options, and automated trading capabilities. In addition to the regular MT4 platform, the WeTrade APP is also one of the trading platforms that WeTrade clients can choose from.
• What are the maximum leverage levels offered by WeTrade?
• WeTrade offers a maximum leverage of up to 1:2000 for all account types, which means that traders can open positions that are up to 2000 times the size of their account balance.
• What instruments can I trade with WeTrade?
• WeTrade offers a variety of financial instruments for trading, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. In total, there are over 120 instruments available for trading.
• How can I contact WeTrade customer support?
• WeTrade offers 24/7 customer support via email, YouTube, Facebook, Line, WeChat public account, Little Red Book, BiliBili, and more. Traders can reach out to the support team at any time for assistance with their account or trading-related questions.

ATFX Information

ATFX is a global online forex and CFD broker established in 2014, offering trading on various markets including forex, precious metals, crude oil, and indices. The broker also offers several account types, including the Standard Account, Edge Account, and Premium Account, targeting different trading groups, with $100 to start. Besides, the demo account is also provided. Regarding trading platform offerings, MetaTrader 4 (MT4) supported and its proprietary trading app - ATFX Mobile Trading App are offered.

Pros & Cons

On the positive side, ATFX is a well-regulated broker and offers negative balance protection to protect security of clients' funds. It also offers various trading instruments with competitive spreads via the industry-leading MT4 platform. You can also test their trading conditions via risk-free demo accounts.

On the downside, ATFX has limited options for deposit and withdrawal methods, as it only accepts payments via bank transfers and credit/debit cards. Another disadvantage is that ATFX does not offer social trading or copy trading features, which may be important to some traders. Finally, ATFX has limited research and analysis tools compared to other brokers, which may be a concern for more advanced traders.

Is ATFX Legit?

ATFX is a thoroughly regulated broker, boasting four licenses from esteemed global financial regulatory bodies.

These include a Market Making (MM) license (No. 418036) from the Australia Securities & Investment Commission (ASIC), an Institution Forex License (No. 760555) from the Financial Conduct Authority (FCA) in the United Kingdom, an STP license (No. 285/15) from the Cyprus Securities and Exchange Commission (CySEC), and a general registered Investment Advisory License (No. 20200000078) from the Securities and Commodities Authority (SCA) in the United Arab Emirates.

These multiple layers of regulation demonstrate ATFX's commitment to adhering to high financial standards, transparency, and the protection of investor interests.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	AT GLOBAL MARKETS (AUSTRALIA) PTY LTD	Market Making (MM)	418036
	SFC	AT Global Financial Services (HK) Limited	Leveraged foreign exchange trading	BUM667
	FCA	AT Global Markets (UK) Limited	Institution Forex License	760555
	CYSEC	ATFX Global Markets (Cy) Limited	Straight Through Processing (STP)	285/15
	SCA	Investment Advisory License	Investment Advisory License	20200000078

Market Intruments

ATFX supports trading on forex, precious metals, crude oil, and indices. However, in contrast to other brokers, ATFX does not enable shares, cryptocurrencies, ETFs, futures or options trading, and their product choices are somewhat limited.

Account Types

ATFX understands that every trader has their own trading style, preferences, and needs, and that's why it offers flexible trading account options. Whether you're a beginner or an experienced trader, there is an account type that is suitable for you.

The Standard Account is a basic account type that is suitable for beginner traders who are just starting in the forex market. It requires a minimum deposit of $100.

The Edge Account is a more advanced account type that is suitable for traders who have some experience in the forex market. It requires a minimum deposit of $5,000.

The Premium Account is the most advanced account type offered by ATFX, designed for professional traders who require advanced trading features and tools. It requires a minimum deposit of $10,000. This account type offers free VPS hosting, market analysis, a personal account manager, and access to exclusive trading tools, such as Autochartist and Trading Central.

Demo Trading

ATFX offers demo trading accounts to its clients, allowing them to practice and familiarize themselves with the trading platform and strategies before committing real funds. Demo accounts are available for all account types, including Standard, Edge, and Premium accounts. These accounts simulate real market conditions, providing traders with the opportunity to test their trading skills and strategies without any financial risks.

The demo accounts are also an excellent tool for beginners who are new to trading as it enables them to learn the basics of trading without the fear of losing money. The demo accounts offer the same features as live accounts, including access to all trading instruments and educational resources, enabling traders to experience the real trading environment.

ATFX's demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques. Moreover, traders can switch between the demo and live accounts anytime they want.

Leverage

ATFX offers varying levels of leverage depending on the type of trading account and financial instrument.

For forex trading, the maximum leverage available for retail clients is typically 30:1 for major currency pairs and 20:1 for minor and exotic currency pairs. Professional clients may have access to higher leverage, up to a maximum of 400:1, depending on their trading experience and other criteria.

Notably, while leverage can amplify potential profits, it also magnifies potential losses, so it's crucial to use leverage responsibly and only trade with funds you can afford to lose. Additionally, different regulations may apply in different regions and countries, which could impact the maximum leverage available to traders.

Spreads & Commissions (Trading Fees)

ATFX offers competitive spreads and commissions on its trading accounts, which vary depending on the type of account and trading instrument.

For forex trading, ATFX offers both fixed and variable spreads, depending on the account type. The spreads for major currency pairs on the standard account start from 1.0 pip, while the spreads on the Edge account start from 0.0 pips but come with a commission of $7 per lot traded.

Non-Trading Fees

Aside from trading fees, ATFX also charges non-trading fees that traders should be aware of, including:

• Inactivity Fee: ATFX charges an inactivity fee of $50 per quarter for accounts that have been inactive for more than 90 days. This fee may be waived for active traders or in certain circumstances.
• Conversion Fee: If you deposit or withdraw funds in a currency different from your account's base currency, ATFX may charge a conversion fee to cover the costs of currency conversion.
• Overnight Financing Charges: If you hold a position overnight, ATFX may charge or credit you with an overnight financing charge, also known as a swap fee. This fee is based on the interest rate differential between the two currencies being traded and is typically charged at a fixed percentage of the position value.
• Deposit/Withdrawal Fee: While ATFX does not charge any deposit/withdrawal fees, third-party payment providers may charge a fee for their services.

Trading Platform

ATFX currently provides the MetaTrader 4 (MT4) platform for its traders, which is a widely used platform among forex traders. It offers advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs).

While some traders may prefer other trading platforms, the MT4 platform is a robust and reliable option with a large community of users and third-party developers creating and sharing custom indicators and EAs.

In addition to the MT4 platform, ATFX also provides the Mobile Trading App, allowing traders to trade on the go.

Deposit & Withdrawal

Minimum Deposit

ATFX's minimum deposit requirement of $100 makes it an accessible option for traders who are just starting out or those who prefer to trade in smaller amounts. The following payment methods are available for deposits:

• Credit/Debit Cards: Visa and Mastercard are accepted. The processing time for deposits made via credit/debit cards is instant, and there are no fees charged by ATFX.
• Bank Wire Transfer: Deposits can be made via bank wire transfer. The processing time for this method varies, and it may take 2-5 business days to reflect in the trader's account. ATFX does not charge fees for deposits made through bank wire transfer, but traders should check with their bank for any charges that may apply.
• Online Payment Methods: ATFX also supports online payment methods such as Skrill, Neteller, and Trustly. Deposits made using these methods are typically processed instantly. ATFX does not charge fees for deposits made through online payment methods, but third-party payment providers may charge a fee for their services.

Withdrawal

How to withdraw money from my trading account?

1. Log in to the secure Client Portal section of our homepage, then click “Withdrawal”.
2. This broker will always return funds to the original source they were deposited. For example, if a deposit is made by credit card, funds will be returned to the same credit card. The return can be done through bank transfer, credit/debit card or e-wallet transfers.
3. If you are withdrawing profit, this broker may ask you for bank account details to send funds directly to your account.

Please note: Your bank account must be fully verified before submitting a withdrawal request.

The time it takes for funds to return to a trader's bank account will depend on the withdrawal method used.

For bank transfers, once the funds have been removed from the trading account, it will take 3-5 business days before they arrive in the trader's bank account. The actual time required for processing may vary, and traders should refer to their bank for more information.

If using an e-wallet, funds will typically be returned to the trader's e-wallet within 2 business days.

For refunds to credit/debit cards, the process typically takes 2-5 business days after the withdrawal has been successfully processed. However, if there are restrictions preventing funds from being returned to the card, ATFX may request a valid bank statement and return the funds to the trader's registered bank account. In such cases, the trader will be contacted by their relationship manager.

All withdrawal requests received before 2 pm (UK time) on a business day will be processed on the same day. Requests received after this time will be processed on the next available business day.

Customer Support

ATFX customer support can be connected through the following channels:

• Live chat, contact form
• Phone: +357 25 258 774, the phone lines are open during Mon – Fri 08:00 – 18:00 GMT+2*, and *GMT+3 during Daylight Saving Time.
• Email: info@atfxgm.eu
• Headquarters: Maryvonne Building, 159 Leontiou A Street, Office 204, 3022, Limassol, Cyprus

Educational Resources

ATFX offers rich and solid educational resources to help traders improve their skills and knowledge.

One of the primary educational resources available through ATFX is their comprehensive online trading academy. This academy provides traders with a variety of resources, including webinars, videos, articles, and e-books, all designed to help traders learn the fundamentals of trading and improve their strategies. The academy covers a range of topics, from basic concepts such as market analysis and risk management to more advanced topics like trading psychology and algorithmic trading.

ATFX also provides traders with access to a variety of market analysis tools and resources. These include daily market analysis reports, economic calendars, and real-time news feeds, all of which can help traders stay informed about the latest market trends and make more informed trading decisions.

FAQs

Is ATFX a regulated broker?

Yes. It is regulated by ASIC, SFC, FCA, CYSEC, and SCA (general registration).

What is the minimum deposit requirement for ATFX?

$100 is required to start real trading.

What trading platforms does ATFX offer?

ATFX offers the popular MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices.

Does ATFX offer demo accounts?

Yes.

Is ATFX suitable for beginner traders?

Yes. ATFX offers a range of educational resources, including an online trading academy and tailored courses, to help beginner traders develop their knowledge and skills.