A comprehensive Trade ATF review
Choosing the right Forex broker is as important as choosing the right assets for trading. If you make a good decision, your positions will be a little bit less risky. However, if you choose the wrong broker, the risks of losing the trade or/and being scammed increase exponentially.
Despite the overwhelming multitude of scam brokers on the internet, the agencies and individual reviewers still do a pretty good job of revealing all the hidden secrets and dark spots of Forex brokers, so that people can make more informed decisions.
For that reason, we offer our readers this Trade ATF review where we will reveal everything there is to know about this broker. So, without further ado, let’s get right to it.
Trade ATF is the brand new brokerage, entering the financial world. The company was founded in the early beginnings of 2018 with the purpose of helping millions of people ease the overall trading experience. Surprisingly, appearing onto the FX market at the right time along with offering a wide range of trading assets accelerated the growth of the company, leading to attracting thousands of first-time customers.
Trade ATF is a regulated broker that has a CySEC regulation from Cyprus. Setting the minimum deposit rate at $500 is not surprising at all, because its quite close to the average rate of the FX market. On top of that, the broker offers leverage up to 1:300, which promises quite a lucrative trading experience.
Traders can set up their Trade ATF accounts and choose one of three different accounts: Basic, Standard, and Premium. Such account separation allows traders to use the platform based on their needs and make most of the offerings.
In a nutshell, the brief overview shows us that the broker looks pretty decent with its not-to-overblown promotions and sound licensing material. Let’s dive deeper into the platform and check every important detail about the Trade ATF Forex broker.
Can Trade ATF be trusted?
One of the main reasons why we think Trade ATF is a good choice for many traders is the diversity of trading instruments. Just head over to its trading department and you’re going to see lots of major, as well as minor and exotic currency pairs, even more cryptocurrencies, commodities, and even the ETFs, not to mention hundreds of CFDs.
Any trader can find an asset suitable to their needs and use 1:300 leverage to control even larger trading positions. That leverage ratio is especially important in Forex trading because despite many brokers like Trade ATF FX brokerage offer leverages, they nonetheless have far smaller ratios and don’t go as high as 1:300.
So, basically what this leverage ratio does is increase the position size 300 times and allow traders to buy/sell even more securities. Ultimately, this leads to larger profits – but also larger losses. Therefore, it’s important to use this tool more carefully.
Payment methods – deposits – withdrawals
When it comes to deposits and withdrawals, Trade ATF supports popular transaction methods such as credit cards, bank wire, and e-wallets (Skrill). Now, we’d be more pleased to see a bit wider selection of payment platforms such as PayPal, Bitcoin, and so on. These platforms would not only introduce diversity, but they would also make transactions more secure and convenient.
However, it’s not to say that the existing platforms are in any way faulty. For a very long time, the financial system has been using credit cards and similar banking mechanisms and did pretty well in the meanwhile. So, choosing these platforms isn’t such a bad thing for a broker.
As for the commissions, Trade ATF has a fixed 4% fee on transactions which, at first sight, is a very hefty requirement. However, when you realize that the overwhelming majority of brokers also have commissions – or spreads – that are even larger than what Trade ATF has, you suddenly start to appreciate a 4% fee.
Trade ATF MT4
Moving on, let’s take a look at the trading software and how the broker actually offers its trading tools and instruments. The main software used for Forex trading is MetaTrader 4 which is the most popular program in the industry right now. Released back in 2005, MT4 still manages to attract the majority of traders because of its simplicity and the ability to use Expert Advisors for automated trades.
The broker also mentions that it’s working on releasing MetaTrader 5 which is a more complex and sophisticated version of the Trade ATF MT4. While the design is pretty much the same in those programs, MT5 allows traders to use a lot more timeframes, choose from an even larger instrument collection, and even track the market depth.
In short, the software support on this platform is really top-notch and leaves no suspicions of any kind of Trade ATF scam.
Is Trade ATF legit?
So, what did this review reveal? The first thing that we learned is that Trade ATF is a regulated broker established in and regulated by the financial institution of Cyprus. The CySEC regulation is a pretty legit piece that allows the broker to operate in most EU countries, therefore, traders can be more or less certain that the Cyprus government will do everything it can to prevent any suspicious activity coming from the broker.
The next important thing is the trading assets and features that go along with them. The broker offers a diverse collection of different assets such as currency pairs, cryptocurrencies, CFDs, ETFs, even commodities. This means that any trader can find an asset of their interest in Trade ATF’s platform.
Added to it the fact that they can also use a 1:300 leverage that will increase their position sizes three hundred times, we can say that the platform is quite lucrative. And even though the commission is fixed at 4% for every transaction, the profitability is still higher than financial commitments.
Finally, software support also revealed that the broker uses the most common trading platforms in order to avoid software complications and ensure the smoothest experience for its traders.
In conclusion, we think that Trade ATF is a pretty legit broker and people can definitely count on its offerings.