Atiora Review

Atiora is an offshore broker that is not regulated, and is only registered with the Financial Services Commission in St Vincent and the Grenadines.

Choose your quick section of our Atiora review below.

A Quick Overview of our Atiora Review:

• ✔️Alpho at a glance
• ✔️Who is Alpho?
• ✔️Safe or scam
• Pro and cons
• Leverage
• Accounts
• Market instruments
• Fees
• Deposit and withdrawal
• Trading platforms
• How to open an account
• Customer support
• Education

While Atiora does attempt to provide certain security measures for its clients, traders are always cautioned to think carefully about signing up with an unregulated broker.

Who is Atiora?

According to research in South Africa, Atiora is an offshore broker established in 2015 and headquartered in St Vincent and the Grenadines.

With access to a wide selection of instruments, traders are offered the highly functional MetaTrader 4 platform, complemented by competitive trading conditions on certain accounts.

However, customer support is limited, and traders should be aware that the broker is not regulated.

Safe or scam

When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.

The activities of regulated brokers are also overseen by such entities to ensure that there is no fraud or foul play, and to ensure that traders are always protected against such activities.

Atiora is an offshore broker that is registered with the Financial Services Commission in St Vincent and the Grenadines. This does not mean however that the broker is regulated.

As such, there is not independent regulatory body that oversees the broker’s activities, and which could hold it accountable in cases of severe misconduct.

That said, the broker does attempt to provide a certain level of security for traders, offering negative balance protection and storing funds in segregated accounts.

Pros and cons

Leverage

Leverage is a tool which is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposures to the market in which they are trading despite their initial deposit.

However, as beneficial as leverage may be, it can also be detrimental when used incorrectly or abused. Leverage increases a trader’s chance of gains and thus, it also increases the risk of losses.

Traders are at risk of incurring losses which may exceed their initial deposit, leading to a negative balance on their trading account if the trader does not have the benefit of negative balance protection.

Leverage is expressed as a ratio, for instance 1:1, 1:50, 1:100, 1:500, and even up to 1:3000. Leverage and margin go together, with margin being the amount required from the trader at the start of the trade. This amount serves as collateral for any credit risks which may arise.

When traders apply leverage, the margin requirement is reduced, and the trader can open larger positions.

Atiora offers variable maximum leverage ratios which are determined by the account type, as below:

• Micro – 1:1000
• Classic – 1:500
• Crypto – 1:3
• Pro – 1:100

As can be seen from the above, the maximum leverage offered is 1:1000, which is extremely high when compared to many other brokers in the industry. However, traders should proceed with caution when using such high ratios, particularly since the broker is not regulated.

Accounts

A Forex account is a trading account that traders hold with a specific broker with the purpose of trading financial instruments. Brokers may offer traders either with a variety of accounts, with each catering for varying levels of skill, knowledge, and experience, or a single account that can be used.

The number of accounts along with the features offered will vary from one broker to the next. For this reason, it is imperative that traders evaluate brokers and make use of the demo accounts offered to explore the broker’s offering.

Atiora offers four different account types, namely the Micro, Classic, Crypto and Pro accounts. The Micro account has an extremely low minimum deposit of $1, which also comes with several other benefits, including commission-free trading and the high leverage ratio of 1:1000.

Demo Account

The free demo account from Atiora is available for only 30 days. The account is funded with $50 000 in virtual currencies and allows potential traders the opportunity to test out the broker’s features in a risk-free environment.

Islamic Account Option

Atiora offers a swap-free, or Islamic Account, to traders of the Muslim faith. This account will allow such traders to avoid interest on positions held overnight, which is prohibited by Sharia.

Traders can apply for the Islamic Account via the broker’s customer support desk and may be required to provide supporting documents to prove their religious status.

Market instruments

Atiora provides an impressive selection of tradable instruments, which include the following:

• Forex – 90+ currency pairs, 12 major pairs plus minors.
• Spot metals – 6 instruments including gold, silver, platinum, and palladium.
• Commodities – WTI and Brent crude oil, US natural gas.
• CFDs – stock market indices such as the HK50 and UK100.
• Cryptocurrencies – 9 crypto coins including Bitcoin and Dash.

Fees

Another crucial factor that traders must consider when evaluating a broker is the fees that they will incur. These fees relate to both trading and non-trading activities and actions.

Trading Fees

One of the first fees that traders will encounter concerns a minimum deposit fee which is paid after the trader has completed account registration.

Next, traders must consider the spreads, commissions, and margin requirements. With Atiora, traders are provided floating spreads that average at 0.2 pips on the EUR/USD on the Pro Account.

However, the competitive spreads on this account also come with commission of $100 per million. Elsewhere, traders have a less competitive offering, with the Crypto account incurring a 0.15% commission on trades with spreads that start from 5 pips.

Non-trading fees

Where non-trading fees are considered, traders must consider fees relating to account inactivity, deposit and withdrawal fees, account management and maintenance fees, currency conversion fees, and others.

The broker charges swap fees, which is interest accrued on positions held overnight, though Muslim traders can open a swap-free account.

The broker only has three accepted deposit currencies, consisting of GBP, USD, and EUR, so that traders depositing in other currencies will incur a conversion fee.

Deposit and withdrawal

When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.

Atiora offers a broad selection of deposit and withdrawal methods, which consist of the following:

• Bank Wire Transfer
• Visa Credit/Debit Card
• Mastercard Credit/Debit Card
• UnionPay
• Neteller
• Skrill
• Fasapay
• OKPay
• WebMoney
• PerfectMoney

Unfortunately, the only accepted deposit currencies are USD, EUR, and GBP, which is extremely limited, however, most traders will enjoy the ultra-low minimum deposit requirement of just $1.

Trading platforms

The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. Where some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.

Atiora provides trading on the ever-popular MetaTrader 4 platform, as well as WebTrader. MetaTrader 4 is supremely popular for its impressive suite of advanced trading features, while its usability makes it a good option for both beginner and advanced traders.

How to open an account

Opening an account with Atiora is an easy, straightforward process that consists of the following steps:

• Navigate to the “Accounts” portal located on the homepage and select the option to open a new account.
• Provide your registration details, including your full name, email address, contact details etc.
• Select the account for which you wish to apply.
• You will have to submit certain documentation, including proof of address. Once this submission has been verified, you can deposit into your new account and begin trading.

Customer support

While Atiora does offer a live support option through an online chat portal, the agents are nonetheless slow to respond, which is a troubling sign. The customer support team can also be contacted via email, telephone, or Skype.

Education

Unfortunately, Atiora does not provide any educational resources at this stage, and beginner traders would have to look elsewhere to gain the necessary training.

Such tools, resources, and materials prove helpful especially for beginner traders who do not yet know how to navigate trading or the markets.

Research

Research tools help traders in their activities in addition to helping them hone their skills in making informed trading decisions.

Atiora provides a decent selection of research tools outside of those already built into the MetaTrader 4 platform, consisting of the following:

• Forex and margin calculators
• Economic and holidays calendars
• Breakdown of trading sessions by financial centre

Awards

Awards serve to instil confidence in a broker as it reflects the level of service the broker offers. Atiora does not list any awards on its website to date. However, this is common amongst many offshore brokers.

Conclusion

Atiora is a legit forex trading company and is a transparent broker with high operational standards, low trading fees, superior service delivery, helping investors reach their objectives. It caters for all types of traders with different levels of experience.

Atiora offers a broad selection of trading instruments available via the MetaTrader 4 platform as well as WebTrader, with competitive trading conditions available on some accounts.

Disclaimer

Atiora warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.

Before deciding to trade with Atiora, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

Atiora warns that margin trading involves the potential for profit as well as the risk of loss.

Movements in the price of foreign exchange and commodities are very unpredictable, hence Atiora cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

FAQ

Trading enviroment

How many instruments can I trade with Atiora?

Atiora provides access to the following assets:

Forex

Spot metals

Commodities

CFDs

Cryptocurrencies

Which platforms are supported by Atiora?

MetaTrader 4 and WebTrader.

Does Atiora offer leverage?

Yes. The broker provides a maximum leverage of 1:1000.

What spreads can I expect with Atiora?

With Atiora, traders are provided floating spreads that average at 0.2 pips on the EUR/USD on the Pro Account.

Does Atiora charge commission?

Yes.

Is Atiora regulated?

No, Atiora is only registered with the Financial Services Commission in St Vincent and the Grenadines.

Is Atiora a recommended forex trading broker for experts and beginners?

Yes. Atiora offers a good environment for both beginners and experts.

What is the overall rating out of 10 for Atiora?

6/10.

Accounts

What is the difference between a demo and live trading account?

A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.

With a demo account, traders can safely explore the broker’s offer, practice trading, or test out their trading strategies that they wish to use in a live trading environment.

Does Atiora offer a demo account?

Yes.

How long is the demo account valid?

The demo account is available for 30 days.

Which live trading accounts does Atiora offer?

Traders can choose from the following accounts:

Micro

Classic

Crypto

Pro

What are the available deposit currencies for a live trading account?

USD, EUR, and GBP.

Deposits and withdrawals

What is the minimum deposit for Atiora?

$1.

How do you make a deposit and withdrawal with Atiora?

Bank Wire Transfer

Visa Credit/Debit Card

Mastercard Credit/Debit Card

UnionPay

Neteller

Skrill

Fasapay

OKPay

WebMoney

PerfectMoney

Does Atiora charge withdrawal fees?

No.

How long does it take to make a withdrawal?

Processing time is up to 1 business day for wire transfer, several hours for credit cards, and most digital wallet transfers are instant.