Atlas Forex-Overview of Minimum Deposit, Spreads & Leverage

General Information

Atlas Forex is a China-based brokerage firm that offers trading services in the forex and cryptocurrency markets. It was founded within the past 2-5 years and operates without regulation from recognized authorities. The company provides three types of trading accounts, namely the MT4 normal account, MT4 crypto account, and DCTrader account, catering to traders with different preferences. The trading platforms offered by Atlas Forex include MetaTrader 4 (MT4) and DCTrader, which provide access to a range of tools and features for technical analysis and trade execution. Traders can choose from various tradable assets, including fiat currencies and cryptocurrencies. The minimum deposit requirement is USD 100, and the leverage offered ranges from up to 1,000 times for MT4 accounts to up to 20 times for DCTrader accounts. It's important to note that Atlas Forex lacks regulation, which should be taken into consideration when assessing the risks associated with trading with the broker.

Pros and Cons

Here is a brief review paragraph highlighting the pros and cons of Atlas Forex:

Atlas Forex offers several advantages to traders, such as a variety of trading accounts tailored to different preferences, including both traditional and cryptocurrency accounts. The availability of popular trading platforms like MetaTrader 4 (MT4) provides access to comprehensive analysis tools and efficient trade execution. The company also supports multiple payment methods for convenient deposits and withdrawals. On the downside, one significant concern is the lack of regulation, which may raise questions about the security and transparency of the brokerage. Furthermore, the absence of regulatory oversight means that traders do not have the same level of protection and recourse as they would with regulated brokers. It is essential for potential traders to carefully consider these pros and cons before engaging with Atlas Forex.

Is Atlas Forex Legit？

Based on the information you provided, it appears that Atlas Forex is not regulated by any recognized regulatory authority. This lack of regulation should be taken into consideration when considering the risks associated with trading with Atlas Forex. It is important to note that trading with an unregulated broker carries certain risks, as there may be no oversight or protection for traders in case of any disputes or issues.

Additionally, there have been some complaints filed against Atlas Forex on the WikiFX platform, with a low overall score. These complaints should be taken into account when evaluating the reliability and trustworthiness of the broker.

Account Types

AtlasForex offers three types of trading accounts: MT4 normal account, MT4 crypto account, and DCTrader account.

MT4 NORMAL ACCOUNT The MT4 normal account is designed for trading fiat currencies. It allows unlimited access to the popular MetaTrader 4 platform, Expert Advisors (EAs), and follow systems. The account is denominated in USD and offers leverage of up to 1,000 times. Traders can start with a minimum initial margin of USD 100 and there are no commissions charged for trades. The account has no specific usage limits, and traders can trade various currency pairs, including XAUUSD (Gold) and XAGUSD (Silver).

MT4 CRYPTO ACCOUNT The MT4 crypto account is also denominated in USD and is suitable for traders who want to trade both fiat currencies and cryptocurrencies. It offers similar features to the MT4 normal account, including access to MetaTrader 4, EAs, and follow systems. The leverage offered is up to 20 times, and the minimum initial margin is also USD 100. There are no commissions charged, and there are no specific usage limits. In addition to fiat currency pairs like XAUUSD and XAGUSD, traders can also trade BTCUSD (Bitcoin) and ETHUSD (Ethereum) on this account.

DCTRADER ACCOUNT The DCTrader account is designed specifically for trading cryptocurrencies. It is denominated in USD and offers leverage of up to 20 times. Traders can start with a minimum initial margin of USD 100 and there are no commissions charged. However, unlike the other two account types, the DCTrader account does not support the use of Expert Advisors (EAs). Traders using this account can trade BTCUSD, ETHUSD, and XRPUSD (Ripple) currency pairs.

How to Open an Account？

To open an account with Atlas Forex, you can follow these steps:

Step 1: Account Opening

Visit the Atlas Forex website and locate the account opening section. Fill out the required information in the application form. Provide your email address and choose a password to register for an account. Once you have submitted the application, the account opening process will be completed on the same day.

Step 2: Registration of Personal Information

After successfully opening an account, log in to your account's My Page using your registered email address and password. Navigate to the “Personal Information Registration” section. Here, you will be prompted to enter the necessary personal details and submit verification documents to verify your identity. Once the review process is completed, you will receive a message on your My Page indicating the completion of the verification.

Step 3: Deposit Application

Access your account's My Page and select the “Deposit Application” section. From there, you can choose a deposit method and proceed to deposit funds into your trading account. Refer to the provided information to understand the available payment methods and choose the one that suits you best.

After completing these steps, you will be able to start trading with Atlas Forex. It's important to note that if you wish to apply for a corporate account, you will need to enter the personal information of the company representative in Step 1. Additionally, in Step 2, you will need to provide the corporate name, address, and attach the required corporate verification documents.

AtlasForex offers margin trading, allowing traders to trade with less money than the actual investment amount by depositing a portion of the funds. Margin trading enables leveraging, where traders can trade a larger amount of money with a smaller amount of capital.

AtlasForex provides high leverage options to traders. The standard leverage offered is 1000:1, which is considered to be industry-high leverage. However, for MT4 crypto and DCTrader accounts, the leverage is set at 20:1.

Contrary to common perception, higher leverage can actually reduce the margin requirement for trading a given amount. For example, trading $100,000 with 10x leverage would require a margin of 1 million yen, whereas trading with 1000x leverage would require a margin of only 10,000 yen. Thus, higher leverage allows for lower margin requirements and the ability to operate with lower risk.

AtlasForex sets the automatic loss cut level at 20% of the margin maintenance rate, providing traders with a wider tolerance for loss cut. In case of a negative margin balance, the account balance is reset to zero, eliminating the risk of debt. Loss cut is executed at a 200% margin maintenance rate for MT4 crypto and DCTrader accounts.

By offering high leverage, a low automatic loss cut level, and implementing a system to reset negative balances, AtlasForex aims to provide a comfortable and secure trading environment for traders. It allows for aggressive high leverage trading with peace of mind, while also supporting those new to overseas Forex trading.

It's important to note that while high leverage can magnify gains, it can also amplify losses. Traders, especially inexperienced ones, are advised to use leverage cautiously and consider their risk tolerance before utilizing high leverage options.

Leverage

In terms of trading leverage, the maximum level offered by Atlas Forex is quite generous, up to 500:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Atlas Forex follows a pricing model where the bid-ask spreads vary based on the trading volume and liquidity of the currency pairs. Currencies with higher trading volumes will generally have narrower spreads compared to those with lower trading volumes. This is because higher liquidity allows for tighter bid-ask spreads. Conversely, less frequently traded currencies may have wider spreads as brokers typically require more compensation for handling these transactions.

AtlasForex applies different commissions for its withdrawal methods. When using the overseas remittance option, there is a commission of USD 35. This means that for each withdrawal transaction, USD 35 will be deducted from the withdrawn amount.

For PayWallet transfers, there is a commission of USD 3 per withdrawal. The minimum withdrawal amount for this method is set at USD 10, meaning that you need to withdraw at least USD 10 to utilize this option.

In the case of Bitcoin and Ethereum transfers, a commission of 3% is applied to the withdrawal amount. This percentage will be deducted from the withdrawn Bitcoin or Ethereum funds.

Trading Platform Available

Atlas Forex offers two trading platforms for its clients: MT4 (MetaTrader 4) and DCTrader.

MT4 (MetaTrader 4):

AtlasForex provides the MT4 platform, which offers competitive trading conditions and convenience. It is a widely recognized and popular trading platform in the Forex industry. With MT4, traders can access a range of features and tools for technical analysis, charting, and trade execution. The platform is available for desktop installation, specifically for Windows operating systems. Additionally, there are mobile versions of MT4 for iPhone and Android devices, as well as tablet versions for both iOS and Android. This allows traders to have flexibility and trade from anywhere at any time, without being restricted to a specific location.

DCTrader:

AtlasForex also offers the DCTrader platform, which is specifically designed for trading cryptocurrencies. This platform distinguishes AtlasForex from other brokers as it provides a specialized platform for cryptocurrency trading. DCTrader offers a user-friendly interface and essential features for trading cryptocurrencies. It is compatible with both desktop and mobile devices, allowing traders to access the platform and trade cryptocurrencies conveniently. Similar to MT4, the mobile versions of DCTrader ensure traders can access the platform on the go and execute trades whenever and wherever they want.

Whether traders are beginners or experienced users, Atlas Forex provides these two platforms to cater to their trading needs and preferences. The availability of both MT4 and DCTrader ensures that traders have options to choose the platform that suits their trading style and preferences.

Deposit & Withdrawal

AtlasForex offers several deposit and withdrawal methods for their clients. Here is a summary of the deposit and withdrawal process, including deposit fees, minimum withdrawal amounts, and payment methods:

Deposit Methods:

1. Bank Transfer: Fill out the “Deposit Form” on the website, receive remittance information via the “Message” section on My Page, and attach the image data of the transfer statement. Minimum deposit amount: Equivalent to USD 100.

2. Overseas Remittance: Apply through the “Deposit Form” on My Page, receive remittance information via the “Message” section, and wait for payment confirmation. Minimum deposit amount: USD 100. Reflection time: 7-10 business days.

3. Transfer between PayWallets: Apply using the “Deposit Form” on My Page, receive remittance information via the message section, and wait for payment confirmation. Minimum deposit amount: USD 10.

Withdrawal Methods:

1. Overseas Remittance: Apply for withdrawal on the “Withdrawal Form” on My Page, wait for withdrawal procedure completion, and receive a completion notification. Minimum withdrawal amount: USD 100. Reflection time: 7-10 business days.

2. PayWallet Transfer: Apply for withdrawal on the “Withdrawal Form” on My Page, wait for withdrawal procedure completion, and receive a completion notification. Minimum withdrawal amount: USD 10.

3. Bitcoin and Ethereum Transfer: Submit a withdrawal request through the “Withdrawal Form” on My Page, wait for withdrawal procedure completion, and receive a completion notification. Minimum withdrawal amount: 0.01 BTC or 0.01 ETH.

It's important to note that there may be commissions associated with some withdrawal methods, such as USD 35 for overseas remittance withdrawals. The reflection time for withdrawals is typically the same day to one business day.

Trading Hours

Atlas Forex operates with trading hours that allow online trading 24 hours a day, starting from Sunday at 22:00 UTC and ending on Friday at 22:00 GMT. It's important to note that these times are subject to U.S. summer time adjustments, and the specific dates for these adjustments may vary. Atlas Forex will provide advance notice regarding any changes, so it's recommended to stay updated through their notifications.

The forex market itself is known for being active around the clock, earning its reputation as the “market that never sleeps.” It operates continuously as trading sessions shift between major financial centers like Sydney, Tokyo, London, and New York.

For traders looking to optimize their trading activities, it can be beneficial to keep in mind the market opening hours of key regions. The Sydney market tends to be active from 20:00 to 22:00 UTC, focusing on AUD and NZD pairs. The Tokyo market operates from 22:00 to 6:00 UTC, with a focus on JPY-related pairs. The London market sees activity from 8:00 to 16:00 UTC, particularly impacting EUR and GBP pairs. Lastly, the New York market operates from 13:00 to 20:00 UTC, with a focus on USD-related pairs.

During Atlas Forex's trading hours, which align with the aforementioned 24-hour period, you can engage in trading through their dedicated platform. It's important to note that order placement is not possible outside of these trading hours, but you can still access account-related information such as balances and transaction histories. It's recommended to set stop-loss orders for each transaction to manage potential risks during periods of disconnection or interrupted communication.

Customer Support

AtlasForex emphasizes the importance of customer support and strives to provide a positive trading experience for beginners and experienced traders alike. They offer customer support in multiple languages, including English, Chinese, and Japanese, to cater to a diverse range of clients.

The customer support team is located at support centers in China and the Philippines, with staff members fluent in Chinese, Japanese, and other Southeast Asian languages. This ensures that customers can communicate comfortably in their preferred language.

Support can be contacted via chat or email, allowing customers to choose the method that suits them best. The support team operates during business hours from 10:00 to 18:00 on weekdays. Inquiries are handled in the order they are received, and while response times may vary depending on the nature of the inquiry, AtlasForex aims to provide a response within 24 hours on business days.

For any questions or concerns, customers can reach out to support via the provided email address, support@atforex-markets.com.

Conclusion:

In conclusion, Atlas Forex offers a range of trading accounts, including MT4 normal account, MT4 crypto account, and DCTrader account, catering to the diverse needs of traders. The advantages of these accounts include access to popular trading platforms, the ability to trade various currency pairs, and the absence of commissions and specific usage limits. However, there are also disadvantages to consider, such as limited leverage in certain account types, restrictions on trading specific assets, and the lack of support for Expert Advisors in the DCTrader account. Despite these drawbacks, Atlas Forex provides traders with options in their trading strategies, allowing them to make informed decisions based on their individual preferences and goals.

FAQs

Q: Is Atlas Forex regulated？

A: No, Atlas Forex is not regulated by any recognized regulatory authority.

Q: What types of trading accounts does Atlas Forex offer？

A: Atlas Forex offers three types of trading accounts: MT4 normal account, MT4 crypto account, and DCTrader account.

Q: How can I open an account with Atlas Forex？

A: To open an account with Atlas Forex, you can visit their website and fill out the required information in the application form. Once submitted, the account opening process will be completed on the same day.

Q: What is the margin and leverage offered by Atlas Forex？

A: Atlas Forex offers high leverage options, with the standard leverage being 1000:1 for MT4 normal accounts and 20:1 for MT4 crypto and DCTrader accounts.

Q: What are the deposit and withdrawal methods available at Atlas Forex？

A: Atlas Forex offers various deposit methods such as bank transfer, overseas remittance, and transfer between PayWallets. For withdrawals, options include overseas remittance, PayWallet transfer, Bitcoin transfer, and Ethereum transfer.

Q: What are the trading platforms provided by Atlas Forex？

A: Atlas Forex offers two trading platforms: MT4 (MetaTrader 4) and DCTrader. MT4 is a widely recognized platform for Forex trading, while DCTrader is specifically designed for trading cryptocurrencies.

Q: What are the trading hours of Atlas Forex？

A: Atlas Forex operates with trading hours that allow online trading 24 hours a day, starting from Sunday at 22:00 UTC and ending on Friday at 22:00 GMT.

Q: How can I contact customer support at Atlas Forex？

A: Customer support at Atlas Forex can be contacted via chat or email. They operate during business hours from 10:00 to 18:00 on weekdays, and inquiries are typically responded to within 24 hours on business days.