ATFX is regulated by FSCA and has a high trust score of 90 out of 100. It offers leverage up to 1: 500 and pips from 1.0 pip. Minimum deposit amounts range from R100.
🛡️Regulated and trusted by the FSCA.
🛡️568 new traders chose this broker in the last 90 days.
🛡️Available for South African Traders. 🇿🇦
Min Deposit
R100
Regulators
FCA, CySEC, ASIC, FSCA, SCA
Trading Platform
MT5
Crypto
No
Total Pairs
43
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ATFX Review – 30 Keypoint Overview:
ATFX Spider Chart
Criteria
- Regulatory Standing: 4/5
- Financial Stability: 4/5
- Trading Platform Quality: 4/5
- Customer Support: 5/5
- Educational Resources: 4/5
- Trading Conditions: 3/5
- Withdrawal Speed: 4/5
ATFX At a Glance
| 🔎Broker | 🥇ATFX |
| Company Information | |
| 📅 Year Founded | 2014 |
| 🧑🏻💻 Amount of staff | 500+ employees |
| 👩💻 Amount of active traders | 200,000+ traders |
| 🌐 Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️ Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), FSC (Mauritius), SCA (UAE), SCA(Jordan) |
| 🌎 Country of regulation | United Kingdom, Cyprus, Australia, South Africa, Mauritius, UAE, Jordan |
| 💻 Account Segregation | Yes |
| 🪫 Negative balance protection | Yes |
| 🔋 Investor Protection Schemes | Up to £85,000 (FSCS - UK) |
| Account Types and Features | |
| ➕ Accounts | Standard, ECN |
| 💳 Institutional Accounts | Yes |
| 👨💼 Managed Accounts | No |
| 📇 Minor account currencies | USD, ZAR |
| 💰 Minimum Deposit | R100 |
| Trading Conditions | |
| 🕞 Deposit/withdrawal processing | Instant for deposits, same day for withdrawals |
| 🪙 Fund Withdrawal Fee | No fees |
| 📊 Spreads from | 0.6 pips (Standard), 0.0 pips (ECN) |
| 💸 Commissions | No (Standard), Yes (ECN accounts) |
| 💱 Number of base currencies | 2 (ZAR & USD) |
| 🚀 Swap Fees | Yes |
| 📈 Leverage | Up to 1:500 |
| 📏 Margin requirements | Depends on the asset class and leverage |
| ☪️ Islamic account (swap-free) | No |
| 💻 Demo Account | Yes |
| ⌛ Order Execution Time | 0.01 seconds (Ultra-fast execution) |
| 📆 VPS Hosting | Yes (for higher-tier accounts) |
| Trading Instruments | |
| 🧾 CFDs-Total Offered | 65 |
| 🗠 CFD Stock Indices | 15+ |
| ⚖️ CFD Commodities | 8 |
| 📜 CFD Shares | None |
| Deposits and Withdrawals | |
| 💳 Deposit Options | Bank Transfer, Credit/Debit Cards, Instant EFT |
| 💵 Withdrawal Options | Bank Transfer |
| Trading Platforms/Tools | |
| 💻 Trading Platforms | MT5, ATFX WebTrader, Mobile App |
| 👩💻 OS Compatibility | Windows, MacOS, iOS, Android |
| 🖥️ Forex trading tools | Trading Central, Auto - Chartist |
| Customer Support | |
| 🗣️ Live chat availability | Yes |
| 📱 Customer Support Email | support.sa@atfxafrica.com |
| 📞 Customer Support Contact Number | +27 31 300 3117 |
| 👾 Social media Platforms | Facebook, Twitter, LinkedIn, Instagram |
| 🗣️ Languages supported | Most local SA languages |
| Educational Resources and Support | |
| 🖺 Forex course | Yes |
| 🧏♀️ Webinars | Yes |
| 📚 Educational Resources | Yes (eBooks, videos, articles) |
| Partnerships and Programs | |
| 🪪 Affiliate program? | Yes |
| 👨🏫 Amount of partners | 1,000+ |
| 📋 IB Program | Yes |
| 🚀 Sponsorship | Yes (varies by region) |
| 🪙 Rebate program | Yes |
| 👉Open Account | Open Account |
Overview
According to research in South Africa, ATFX is a global broker with offices in 23 jurisdictions that has been in operation since 2014. It forms part of the AT Group, even though it is a fairly young brokerage firm but well-established.
ATFX has already begun establishing a positive reputation. The broker offers a competitive and comprehensive trading condition package suitable for all traders, regardless of their skill level, experience, or knowledge.
ATFX operates through a No-Dealing-Desk, better known as NDD, which provides traders with direct access to the interbank Forex market without going through a dealing desk first. ATFX offers its traders an impressive range of markets and asset classes. It also only offers the best trading platforms that are user-friendly, highly customizable, and reputable.
All ATFX’s operations are strictly regulated and authorized by reputable regulatory entities that require compliance with a wide range of regulations. ATFX upholds its social responsibilities by sponsoring various events, including the Duke Edinburgh Cup Annual Qualifying Events, and many more.
Featured Offered
ATFX boasts an entire range of features from beginner-friendly to professional traders. The brokerage provides several account types such as standard accounts, professional accounts, and swap-free Islamic accounts to satisfy all types of payers. Also offered are flexible leverage options, competitive spreads, commission-free trading on some accounts, and access to virtually every conceivable market instrument in forex, commodities, indices, and even cryptocurrencies. Thus, a diversified portfolio is possible. The MetaTrader 4 trading platform is also available for user usage, offering advanced charting tools and technical indicators for automated trading. Moreover, educational resources, market research tools, and customer support serve to round out ATFXibility within the trading community.
human-readable text: They are training on data up to October 2014.
Safety or Security
ATFX is regulated and authorized by the FCA (Ref 760555), one of the strictest and most demanding regulatory entities in the UK, as a Forex and CFD Broker. In addition, ATFX Global Markets (CY) Ltd. is authorized and regulated in Cyprus and the EU zone by CySEC, with license number 285/15. In addition to this licensing, ATFX is also in compliance with MiFID.
As of 2023, ATFX is also regulated in South Africa, Australia, Jordan, and the United Arab Emirates.
As a well-regulated and authorized broker, ATFX keeps client funds separate from the broker account in segregated bank accounts, and funds may only be used for trading activities. Well-regulated brokers are obliged to participate in compensation schemes that protect clients’ funds in the unlikely event that the broker becomes insolvent or is declared bankrupt and, therefore, unable to refund clients.
AT Global Markets (UK) Limited is a member of the FSCS to provide eligible investors with insurance for any losses incurred and compensate traders if the broker becomes insolvent. In the unlikely event, eligible clients are compensated £85,000 per client.
ATFX Sign-up Bonus
ATFX SA offers various promotions, please check to enquire which promotion is running when signing up. When offered these bonuses, new traders are usually attracted to register and open accounts with a broker. Since a minimum amount is always required, these bonuses often depend on the amount traders deposit.
ATFX Minimum Deposit
When trading with ATFX, a minimum deposit of R100 is required. At the time of writing, this minimum deposit amount was equivalent to USD 5,54 at the current exchange rate between the US Dollar and the South African Rand.
ATFX is regulated and authorized by FCA and CySEC, FSCA, ASIC, and SCA which have strict regulatory policies. As a regulated broker, one requirement is that client funds be kept in segregated accounts. The client’s funds can only be used by the client for trading purposes and not by the broker.
To comply with this, among several other strict rules and regulations, all client funds must be kept separate from the broker account, and they can only be used by traders to conduct trading activities.
Min Deposit
R100
Regulators
FCA, CySEC, ASIC, FSCA, SCA
Trading Platform
MT5
Crypto
No
Total Pairs
43
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
How to deposit the minimum amount step by step
Step 1 – Log in to your Client’s Area
When an application for opening an account with ATFX has been approved, traders can use their credentials to sign into their member’s area on the ATFX website.
Step 2 – Choose “Deposit
Deposit options can now be utilized, and instructions can be followed to make payments to the account. Since conversion fees might apply, traders should ensure they use the same currency to fund the account as the account-based currency.
Step 3 – Select the trading account
Indicate the amount you wish to deposit
Step 4- Confirm your details
Confirm your deposit details and submit your payment.
Min Deposit
R100
Regulators
FCA, CySEC, ASIC, FSCA, SCA
Trading Platform
MT5
Crypto
No
Total Pairs
43
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ATFX Account Types
ATFX offers different trading accounts: a Standard account an ECN Account and Pro Account types. Through this one live account, traders will find that ATFX offers competitive trading conditions and comprehensive solutions and services.
ATFX Account Features
| 🌐 Account | 🥇 Standard Account | 🥈 ECN Account | 🥉Pro Account |
| 💰 Minimum Deposit | R100 | R500 | R5000 |
| 💻 Platform Types | MetaTrader 5 | MetaTrader 5 | MetaTrader 5 |
| 📈 Spreads | From: 1.8 | From: 0.1 | From: 1.0 |
| 👍 Commission | Zero | $7 Per Lot | Zero |
| 👉 Open a account | Open Account | Open Account | Open Account |
ATFX offers trading accounts: Standard account and ECN account types.
Standard Account
When registering a standard account with ATFX, traders receive fast execution, zero-commission trading, and spreads starting from 1.8 EUR/USD. The broker’s website provides little information about the account features besides the range of markets, the platform type, and what traders can expect. Fees and trading conditions are not transparent.
Brokers must ensure that as much detail as possible is provided regarding accounts and trading conditions so that traders can accurately evaluate the broker’s service. By only providing one account, traders are not given much selection according to their unique trading needs or objectives. However, ATFX caters to both retail and professional traders.
ATFX offers maximum leverage up to 1:500. According to the trading conditions, traders can expect leverage of 1:100, 1:200, and up to 1:400. However, the conditions under which this works are not indicated.
Demo Account
ATFX allows beginners and more professional traders to open a demo account. It can be utilized in several ways, such as:
One advantage of ATFX is that traders can register for the demo account from the homepage. The process is hassle-free and fully digitalized, and traders can immediately use MetaTrader 4, through which practice trading can commence.
- It is a practice account for beginner traders who wish to improve their experience and trading skills in a risk-free environment using virtual funds.
- This is for more advanced traders who want to evaluate and compare brokers and explore ATFX’s trading conditions in a risk-free environment.
- Beginner and professional traders who wish to test their trading strategies in a mimicked live trading environment without risking the loss of their capital.
Min Deposit
R100
Regulators
FCA, CySEC, ASIC, FSCA, SCA
Trading Platform
MT5
Crypto
No
Total Pairs
43
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Leverage
Leverage is a tool brokers offer traders to help them open more prominent positions regardless of the size of their initial deposit or account balance. Due to the risks involved with trading leveraged financial instruments, brokers regulated and authorized by the ESMA restrict the maximum amount of leverage that traders can access: 1:30 for Forex Majors, 1:20 for Minors, and 1:10 for Commodities.
With ATFX, retail traders qualify for leverage of 1:500. Traders must be cautious when using leverage, as it substantially increases the chance of great gains. However, in retrospect, the risk of losses that may exceed the trader’s initial deposit also increases. It is imperative that traders, especially beginners, familiarize themselves with leverage, how it should be applied, and where to ensure that they minimize the risk of such substantial losses.
ATFX Market Instruments
ATFX offers to trade in the following financial instruments:
| 📊Asset Class | 📈Spread Type | ⚖️Typical Spread | 🔎Raw Spread Commission |
| 💱Forex (EUR/ZAR) | Variable | 0.1 pips - 1.5 pips | No |
| ➡️CFD Indices (S&P 500) | Variable | 0.5 points - 3 points | No |
| 📜CFD Stocks (Apple) | Fixed | 0.05% - 0.2% | No |
| 🪙CFD Commodities (Gold) | Variable | 0.2 points - 1 point | No |
| 💵CFD Cryptocurrencies (Bitcoin) | Variable | 0.5% - 2% | No |
Forex
With ATFX, FX Majors, Minors, and Exotics can be traded with a total of 43 currency pairs which can be traded, including, but not limited to:
FX Majors – EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, NZD/USD, and USD/CAD.
FX Minors – AUD/CAD, AUD/CHF, AUD/JPY, and more.
FX Exotics – EUR/HUF, EUR/PLN, USD/CNH, and more.
Precious Metals
Financial instruments that can be traded with ATFX include XAU/USD, XAG/USD, and GOLD_MMMYY.
Crude Oil
This includes US WTI Crude Oil Futures, UK Brent Crude Oil Futures, Spot US WTI Crude Oil, Spot UK Brent Oil, and US Natural Gas Futures.
Indices
ATFX offers the trade in a vast amount of indices, which includes, but is not limited to:
- CHI50
- HK50
- HKCH50
- AUS200
- EU50
- FRA40, and more.
ATFX Fees and Spreads
ATFX’s fees can be divided into trading, non-trading, and broker fees. Trading fees refer to the spreads, margins, commissions, overnight fees, and any additional fees waived by ATFX pertaining specifically to trading activity.
The spread traders can expect will depend on the type of account they use and the type of financial instrument being traded, as each is subject to market conditions. Some brokers offer fixed or raw spreads, while others offer floating or variable spreads considering market conditions.
The platform currency is ZAR by default, and deposits in other currencies will automatically be converted to USD. Traders must keep updated with different exchange rates to ensure their deposit is enough to meet the margin requirement.
Commissions
These are fees charged per trade and depend on the type of account and the financial instrument being traded. With ATFX, the only account subjected to commissions is the ECN Account.
Overnight/Swap or Rollover Fees
The broker charges these fees should traders keep positions open longer than a trading day. They will be determined by the financial instrument traded.
Traders of the Muslim Faith who follow Sharia Law have the option of an Islamic Account and are, therefore, not obliged to pay the overnight fees, which are seen as a type of interest. Muslim traders are prohibited from paying.
ATFX may waive additional fees not covered in this article, and ATFX is within its right to change fees where and when necessary. Before opening an account, traders must verify any additional charges or fee changes.
Non-Trading Fees
These broker fees often refer to fees paid for account maintenance and management and processing fees on deposits and withdrawals, all of which the trader is liable for.
Account Maintenance or Management
ATFX does not waive any account management or maintenance fees other than the inactivity fee.
ATFX Deposit Fees and Withdrawal Fees
Deposits and withdrawal fees are not charged by ATFX.
Deposits
ATFX offers traders numerous payment methods for funding and withdrawing funds from their trading accounts.
ZAR deposit currencies are supported, and when making payments or withdrawing funds.
ATFX does not charge a conversion fee, but all accounts have USD as the base currency. When depositing, traders will see the current exchange rate in their Client Portal.
Withdrawals
Withdrawals can be made using the same payment methods as deposits, and third-party payments are prohibited. Withdrawals can only be made into the account that the trader registered with ATFX, by bank transfer.
Withdrawals are subject to withdrawal requests, which can be obtained from the client portal, completed, and sent to the ATFX Account Team. Withdrawals are processed as they on the same day, but funds may take a few days to reflect in the trader’s bank account as withdrawals are subject to bank processing.
Deposits/ Withdrawal Methods
The deposit/withdrawal methods and supported deposit currencies for each include:
| 🔎 Payment Method | 💰 Deposit Currencies | ⚙️ Deposit Processing |
| 💴 Bank wire Transfer | USD, EUR, GBP, AUD, SGD, JPY, CAD, CHF, NZD, HKD, MYR, THB, IDR, INR, KRW, PHP, TWD, VND | 1-3 business days |
| 💵 Credit/Debit Card | USD, EUR, GBP, AUD, SGD, JPY, CAD, CHF, NZD, HKD, MYR, THB, IDR, INR, KRW, PHP, TWD, VND | Instant |
ATFX Trading Platforms
MT5 in SA and both MT4/5 globally.
ATFX offers MetaTrader 5 as a trading platform. The trading platform can be downloaded and used on the following:
- Desktops running Windows, Linux, or Mac OS
- Mobile devices using Android or iOS operating Systems
- Web browsers
- MetaTrader 5 is the world’s most popular trading platform. It is also highly customizable and user-friendly, with a vast number of technical indicators and analytical tools that can enhance the trading experience.
Some of MetaTrader 5’s features include:
- Custom indicators that can be downloaded or created through MQL5
- Cutting-edge charting tools and an intuitive interface
- Trading is diversified
- Access to Expert Advisors, or EAs, which are trading robots that can trade on behalf of the trader, and several more.
Customer Support
ATFX offers various ways to contact customer support, including a Hotline that covers China, Korea, Malaysia, the Philippines, Taiwan, Thailand, and Vietnam. Provision is made for the email addresses for Support, Disputes or Complaints, Partnerships, and Middle East customer Service.
In addition, ATFX offers an Instant/Live Chat option that can be accessed anywhere on the site. There is also a dedicated FAQ section, which traders can access should they have general inquiries about trading, MetaTrader 4, and Deposits and Withdrawals.
Education
ATFX extensively caters to beginner traders by providing a ‘Learn to Trade’ section that features various introduction courses, each consisting of Video Lessons.
The ‘Learn to Trade’ section contains an A-Z Glossary of trading terms and definitions.
Research
ATFX has a vast amount of Research tools that can be used extensively by traders to meet the various trading demands and needs they may have; these include:
- An ATFX proprietary Economic Calendar.
- Web TV contains live recordings, professional financial commentary, an overview of market movements, and actionable trade ideas.
- Quarterly Market Outlook.
- A ‘Trading Central’ which is a data analysis resource and
- A section dedicated to Seminars and Workshops.
Forex Trading Guides
ATFX has special features meant for any trader, be it a newbie or an experienced professional.
This broker has a number of accounts for traders including standard, professional, and even swap-free Islamic accounts, to suit different requirements and preferences.
ATFX gives flexible leverage options besides attractive spreads and zero commissions on the accounts, hence making trading cost-effective.
The trader enjoys access to many readily available market instruments such as forex, commodities, indices, and cryptocurrencies. This again helps in diversifying the portfolio.
ATFX also has one of the most popular and user-friendly platforms, MetaTrader 4, which provides advanced charting tools, technical indicators, and automated trading capabilities.
With all that, robust educational resources, well-researched market tools, and scalable customer support make ATFX a complete package for traders.
Awards
ATFX is a highly reputable, well-regulated CFD broker that has obtained several awards and is recognized worldwide as one of the best CFD brokers by clients and industry specialists.
Some of ATF’s awards include:
- The most influential Forex Broker of 2017 – obtained during the FX 1314 Awards
- Best Forex Customer Service – obtained during the Entrepreneur JFEX Awards in 2017
- Best NDD Forex Broker – obtained during the Online Personal Wealth Awards in 2018 and several others.
Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “ATFX” is entered into Google’s search engine over a given period.
10 Best Forex Brokers in South Africa for 2025
Rank
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Review
Regulators
Min Deposit
Official Site
Compare Forex Brokers – ATFX vs AvaTrade vs FBS
| 🥇 ATFX | 🥇 AvaTrade | 🥇 FBS | |
| 🗺️ Regulation | FCA, CySEC, FSC, FSCA and ASIC | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch | IFCS |
| 💰 Minimum Deposit | R100 ZAR | $100/R1775,18ZAR | $1/ ZAR R17,75 |
| ☪️ Islamic Account | No | Yes, available | Yes, available |
| 📊 Leverage | 1: 500 | 400:1 | 1:3000 |
| 💰 Spreads | from 1.0 pip | 0,9 pips | 3 pips |
| 💳 Demo Trading Account | Yes | Yes | Yes |
| 📒 Account Types | Standard Account, ECN Account, Demo Account | Standard, Islamic, and Demo account | Cent, Micro, Standard, Zero Spread, ECN, and Crypto Account |
| 💰 Withdrawal fee | Zero | Zero | yes |
| 👉 Open Account | Open Account | Open Account | Open Account |
Customer Reviews
🥇Excellent
“ATFX offers a solid range of assets, including forex, indices, and commodities. Spreads are competitive, and support is generally responsive. Their educational resources are helpful for beginners. I’d give them a 7/10.” Reviewed: Alex Turner.
🥈Great Service
“This platform is user-friendly, and their customer support is responsive. Their educational resources are helpful. However, their spreads could be tighter. I’d rate them 7/10.” Reviewed: Thomas Müller
🥉Competitive spreads
“ATFX’s asset classes are diverse, and their spreads are competitive. However, their customer support could be more proactive. I’d rate them 7/10.” Reviewed: Emily Lee.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Offers a wide range of trading instruments, including forex, indices, commodities, shares, and cryptocurrencies. | Some account types may have relatively high minimum deposit requirements. |
| Competitive spreads | While ATFX offers some research tools, they may not be as extensive as those provided by other brokers. |
| Features a user-friendly and customizable trading platform with advanced tools and features. | Some users have reported varying levels of customer support response times. |
| Regulated by multiple financial authorities, ensuring a certain level of security and transparency. | Limited availability of certain features |
Conclusion
ATFX is considered low-risk and can be summarised as a trustworthy forex broker. It uses MetaTrader 5 as a trading platform and charges very low trading fees.
Disclaimer
Substantial risks are involved with trading financial instruments, which are unsuitable for all traders. These risks may result in a substantial loss of initial capital. Traders must evaluate their risk tolerance and ensure a risk management plan is in place.
ATFX’s products and services are for informational purposes alone and should not be seen as encouragement towards making investment decisions. Research in South Africa suggests that traders should seek professional advice before making investment decisions if necessary.
You might also like: ATFX Demo Account.
You might also like: ATFX Fees and Spreads
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Frequently Asked Questions
What is ATFX’s Overall Review Rating?
ATF X’s overall rating is 8/10
What is the minimum deposit to start trading on ATFX?
The minimum Deposit for ATFX is R500
Is ATFX safe and secure?
Yes, ATFX is regulated by CySEC, FSCA, FCA, ASIC and SCA.
Does ATFX offer a demo account?
Yes, ATFX currently does offer a demo account
What type of broker is ATFX?
ATFX operates through a No-Dealing-Desk (NDD broker)
References
ATFX Global Markets (Cy) Ltd – CySEC
Extensive Platform for Growth
ATFX provides a robust platform with an extensive selection of trading instruments. Their educational resources have given me the necessary knowledge and abilities to navigate the market successfully, and my trading skills have improved significantly since I began using ATFX.
Response from SA Shares
Thank you for taking the time to review our services. We appreciate it.
Boosting Achievement
The educational materials from ATFX have played a key role in developing my trading skills. Their online seminars and instructional videos have equipped me with the expertise and abilities to make educated trading choices. I admire their dedication to supporting traders in achieving success. Their customer support is available 24/7 to assist with any query.
Response from SA Shares
Your review means a lot to us. Thank you for sharing your experience.
Transparent and Trustworthy
ATFX has continuously shown a dedication to transparency and trustworthiness. Their regulation and transparent fee system have given me peace of mind as a trader. I value their transparency and truthfulness, which are crucial for establishing a lasting connection with a broker.
Response from SA Shares
We truly appreciate your feedback. Thank you for your thoughtful review.
Dependable Platform For Steady Profits
I have consistently been amazed by the platform stability and execution speed of ATFX. The platform is easy to use and dependable, enabling me to concentrate on my trading strategies without concern for technical issues. The competitive spread and low commissions have also helped increase my overall profits.
Response from SA Shares
Thank you for your kind review. We’re glad you had a positive experience.
A Positive Guide To Achieving Financial Success
ATFX played a crucial role in my trading experience. Their range of educational materials, including webinars and articles, has aided in my comprehension of the market’s complexities. The customer service team is always available to help, giving me assurance and confidence in my trading choices.
Response from SA Shares
Your review is greatly appreciated. Thank you for taking the time to share your thoughts.
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