General Information
Registered in Marshall Islands, ATNFX is an online forex broker offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices to clients in Asia, Europe, and North America. Investors have the flexibility to choose from five different trading accounts, yet with the minimum deposit to start with this broker absurdly high, reaching up to $1,000.
Please note that ATNFX is not authorized or regulated by any regulatory authorities.
Market Instruments
ATNFX provides clients with access to various popular and mainstream financial markets.
Six classes of trading assets, including Forex Pairs, Indices, Commodities, Stocks, Cryptocurrencies, Crude Oil are all available through this brokerage platform.
Account Types
Although investors have the flexibility to choose from five tired trading accounts with the ATNFX platform, the minimum deposit for each account is ridiculously high.
The minimum opening deposit for a Mini account is between $1,000 and $2,000, which is more than twenty times the minimum required by most of its competitors (less than $100).
While the other four accounts even ask more, with the Standard account from $2,000, the Premium account from $5,000, the VIP account from $10,000, and the Platinum account from $50,000.
Considering this is an unregulated offshore broker asking for high initial deposit, we assume that it probably ready to extract investors funds at the very first.
Some additional account services are available, such as personal account manager, online webinar, analysis of several types of financial markets, weekly signals, and more.
How to open an account with ATNFX？
Both live and demo account can be opened easily with the ATNFX platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below:
1. Click on the “OPEN AN ACCOUNT” link on the homepage of the ATNFX website.
2. Fill in some required details and upload your personal document for verification.
3. After approval, your account will be registered successfully.
4. Fund your account and start to trade on this platform.
Leverage
When it comes to leverage, it varies depending on various trading accounts, ranging from 1:200 to 1:1000. Problematically, ATNFX permits traders to use leverage of up to 1:100, which is much higher than the levels regarded appropriate by many regulatory authorities.
Bear in mind that high leverage is not always the good thing, as it can magnify gains as well as losses.
Spreads & Commissions
Concerning spreads and commissions, ATNFX says it provides tight spreads on currency pairs, and no additional commission charged.
However, investors are advised to test the trading conditions on its trading platform to get a real feel.
Trading Platform
ATNFX fails to give access to popular MT4 or MT5 trading platform, and what it offers is a proprietary trading platform and Sirix Trading Platform,
Educational Resources
ATNFX offers some educational resources to help traders quickly acquaint themselves with forex trading, including Trading Signals, Economic Calendar, Fundamental Analysis, Technical Analysis, and more.
Payment Methods
With the ATNFX platform, only two deposit and withdrawal options are available: Credit Card and Bank Transfer. The minimum deposit via credit cards is € 200, and the maximum deposit is € 50,000 for each calendar month, no deposit fees charged.
As for withdrawal, this broker will process clients withdrawal request within one to two business days. The withdrawal time via credit card depending on the issuers of the credit card and can take up to one billing cycle for the crediting of funds to the credit card.
No fees are charged for withdrawals via credit cards and checks. A small fee is applied to all bank transfer requests.
Customer Support
Traders can reach out to ATNFX about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +44 2037 638 899
Email: info@atnfx.com
You can also follow this brokerage on some social media platforms, such as Facebook, Instagram, and Twitter.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
