Trade Forex now offers an in-depth overview of TradeATF, a relative newcomer to the Forex market, established in 2013. This broker has quickly gained attention, now serving over 10,000 traders globally.
Regulation and Oversight
TradeATF operates under Bayline Trading Ltd and is regulated in Belize, adhering to strict standards for investor protection and financial practices, including asset segregation and investor protection of up to €20,000. However, it’s noteworthy that the Cyprus regulator CySEC has suspended TradeATF’s license.
Sponsorship and Popularity
An interesting facet of TradeATF’s public image is its role as a digital sponsor of the Argentina national football team. This association boosts its visibility and perceived reliability among traders.
Account Types and Leverage
TradeATF provides three account types—Silver, Gold, and Platinum—tailored to different trading expertise levels. For novices, leverage is capped at 1:30 for major currency pairs and 1:10 for commodities. Professional traders, upon verification, can access higher leverage, up to 1:400.
Trading Instruments and Platform
TradeATF offers a broad range of trading instruments, including currency pairs, cryptocurrencies, commodities, metals, and stocks. Its platform is based on MetaTrader 4, compatible across various devices and supports manual, automated, and copy trading. The platform features a variety of technical indicators and chart types, catering to different trading styles.
Costs and Spreads
The broker operates on a zero commission basis, with trading costs confined to the spread. Spreads on major pairs like EUR/USD range from 0.03 to 2.5 pips, depending on the account type. Notably, Gold and Platinum account holders receive discounts on swap charges. However, it’s important to be aware of a $100/¥10,000 withdrawal fee for every request.
Usability and Customer Support
While the MT4 trading terminal is praised for its features and user-friendliness, there have been mixed reviews regarding the usability of TradeATF’s website and some discrepancies in the information provided. Customer support includes live chat, phone, and email, but there have been reports of delayed responses and challenges in reaching the support team.
Funding and Withdrawals
TradeATF offers various funding methods, including cards, wire transfers, and e-wallets like Skrill and Neteller. The withdrawal process can take up to 5-7 business days post-approval, with no charges on withdrawals, but a minimum withdrawal amount is set.
Education and Resources
TradeATF provides a range of educational resources suitable for both beginners and experienced traders. These include video on demand, ebooks, courses, and MetaTrader tutorials, offering a comprehensive learning experience.
TradeATF presents itself as a Forex broker with diverse trading offerings and educational resources. However, potential clients should consider the regulatory concerns and mixed customer support experiences. As always, personal discretion and further research are advised before engaging with any broker.
For more detailed insights and up-to-date information, interested traders can visit BrokerView, AskTraders, and Top Rated Forex Brokers.