Broker Review: TradeATF

TradeATF is an online broker that provides its clients with access to various financial instruments, including forex, stocks, commodities, and more. It is regulated and authorized to operate by several financial authorities, including the Belize International Financial Services Commission (IFSC) and the Financial Conduct Authority (FCA).

In this article, we will take a closer look at the platform to see what it offers and whether it is the right choice for your trading needs. We will cover everything from the types of assets available for trading to the fees and commissions charged by the broker and the platform’s security measures, account options, education, and customer support.

Overall rating: 6.5/10

Fast Facts

Account Minimum Deposit: $100.
Fees: Spread and swap charges.
Best For: Beginners and Professional traders.

Pros

Easy Registration.
Multiple trading accounts.
Wide range of assets to trade
Free educational and research resources.
No commission and low spreads.
Website available in English, Portuguese, and Spanish.
24/5 customer support in English and Spanish

Cons

Does not support MetaTrader 5
Limited Demo account.
High minimum deposit.

Regulation and Security

Global TradeATF is operated by Bayline Global World Ltd., which is regulated by the Belize International Financial Services Commission (IFSC). The IFSC is the regulatory body that oversees the financial services industry in Belize. It is responsible for licensing and regulating financial service providers, including brokers, investment advisers, and other financial intermediaries.

To obtain a license from the IFSC, Brokers must demonstrate that they meet specific standards and requirements, including capital adequacy, operational efficiency, and compliance with anti-money laundering and counter-terrorism financing laws. This ensures that TradeATF adheres to the strict rules and regulations designed to protect the interests of its clients.

Data Security and Privacy Policy

The broker takes data security and privacy seriously and has implemented various measures to protect its clients’ personal and financial information. It uses advanced security technologies, such as Secure Sockets Layer (SSL) encryption, to protect the data transmitted to and from its servers. It also has strict policies to prevent unauthorized access to client data and ensure the confidentiality of personal information.

In terms of privacy, TradeATF’s policy states that it collects and processes personal data in accordance with applicable data protection laws. It only collects personal data necessary for its services and only uses it for the purposes it was collected. TradeATF also ensures that client data is stored securely and only shared with third parties where necessary and with the client’s consent.

Negative Balance Protection

Negative balance protection is a feature designed to protect traders from incurring losses that exceed their account balance. It automatically closes a trader’s positions if their account balance falls below a certain level, thereby preventing further losses. This is particularly useful in the case of high-leverage trading, where a trader can potentially lose more money than they have in their account.

Most reputable brokers, including TradeATF, offer this feature. It is beneficial because it helps minimize the risk of incurring significant losses and ensures that traders can only lose the funds deposited into their accounts.

Funds Segregation

TradeATF is a regulated broker that adheres to strict rules and regulations designed to protect the interests of its clients. As such, the broker is required to follow the practice of funds segregation, which involves separating its clients’ funds from its funds. This means that the funds of TradeATF’s clients are held in a separate bank account or with a third-party custodian and are not at risk of being lost if the broker experiences financial difficulties.

Is TradeATF available worldwide?

TradeATF is available in many countries and territories, except for those where its operations are prohibited by local laws, such as the US and Australia. The parent company, Bayline Trading Ltd, is registered at 5 Cork Street, Belize City, Belize. Its subsidiary, Bayline Global World Ltd, is incorporated in the UK and has a registered office at 69 Brunswick Street, Edinburgh, United Kingdom, EH7 SHT.

Supported Platforms

TradeATF provides its clients with a range of trading platform options, including the popular MetaTrader 4 (MT4) platform, a convenient web-based platform, and a mobile app for trading on the go.

MetaTrader 4

Metatrader 4 (MT4) is a popular trading platform widely used by traders and brokers in the forex and CFD markets. It was developed by the Russian software company MetaQuotes Software Corp and released in 2005. MT4 is known for its user-friendly interface, advanced charting and technical analysis tools, and a wide range of customizable indicators and expert advisors (EAs). It is available on desktop, web, and mobile platforms, making it accessible to traders from any location. In addition to its many features, MT4 is highly secure and compliant with industry standards, making it a trusted choice for traders worldwide.

As a leading trading platform, MetaTrader4 emphasizes four key benefits:

Friendly User Interface

MetaTrader 4 has a user-friendly interface designed to provide traders with a smooth and comfortable trading experience. The terminal’s clear and straightforward layout is easy to navigate, making it an ideal choice for novice and experienced traders.

Access to Multiple Assets

With MetaTrader 4, traders can access a wide range of Contracts for Difference (CFDs) assets, including over 250 popular indices, stocks, cryptocurrencies, Forex pairs, and commodities. This allows traders to diversify their investment portfolio and take advantage of daily market opportunities.

Technical Analysis Tools

MetaTrader 4 (MT4) also offers several analysis tools to help traders identify market trends and make informed decisions. These tools include charting options, such as bar charts, line charts, and candlestick charts, as well as various technical indicators, such as moving averages, oscillators, and trend lines.

DATA ANALYSIS

On MT4, traders can access real-time and historical market data, which can help them identify trends and potential trading opportunities. Coupled with the user-friendly interface, traders can analyze this data and leverage it to make informed decisions and increase their trading success.

Web Platform

In addition to the MT4 Desktop platform, TradeATF also offers its proprietary web-based platform, which is designed to be user-friendly and easy to use. The platform is fully customizable, allowing traders to tailor it to their preferences. It offers a range of trading tools and features, including market analysis, trading signals, and educational resources.

The web-based platform eliminates the need for additional software downloads or installations, making it a convenient and clutter-free option for traders. It runs directly on modern web browsers like Chrome, Firefox, and Safari.

Mobile apps

TradeATF mobile trading app is available for both Android and iOS devices. The app allows traders to access their accounts and trade on the go, using various features and tools similar to those offered on the web-based platform. This will enable traders to stay connected to the markets and take advantage of trading opportunities as they arise.

Additionally, the TradeATF platform offers five key functions, which are:

One-Click Trading Experience

This tool helps traders to speed up their trading experience by enabling them to buy and sell assets within seconds.

Flexibility

With the full customization option on the platforms, traders can customize their trading experience. You can short or long the market, set up pending orders, and Take Profit/Stop Loss at your desired time.

Multiple Chart Layout

Suitable for traders who want to monitor multiple assets at once, you can open up to 4 charts on TradeATF and easily navigate between them.

Optimized Search

On the search bar, traders can optimize their search using the nine different filters available to choose among the over 700 assets available on the platform.

Instant Market Updates

You can get real-time fundamental news and price alerts on your favorite assets by setting price alerts.

Account Types

TradeATF is a No-Dealing-Desk (NDD) broker and offers retail traders three account types. These accounts are based on the traders’ experience, style, and preferred trading conditions. The three trading account types are:

Silver

TradeATF’s Silver account is designed for beginner traders new to the CFD market. A minimum deposit of $100 is required to open this account. It offers access to about 700 assets, with an average spread of 2.2 pips in the EUR/USD pair and a trade execution speed of 0.08 seconds. The account has a maximum leverage of 1:200 and a margin call/stop-out level of 100%/15%.

Gold

The Gold account is tailored for experienced traders seeking more flexibility and favorable trading conditions. It requires a deposit of $100. The account offers access to up to 750 assets, with an average spread of 1.3 pips in the EUR/USD pair and a trade execution speed of 0.05 seconds. It has maximum leverage and margin call/stop-out levels as the silver account, but account holders are permitted to hedge positions, have a dedicated account manager, and are eligible for a swap discount of 25%.

Platinum

This account is designed for experienced traders with a strong market understanding and a sizable investment portfolio. It requires a minimum deposit of $300. Through this account, traders have access to over 750 CFD assets, including the EUR/USD pair with an average spread of 0.7 pips. Trades can be executed through MT4NDD, MT4NCC, MT4 Fixed, and MT4 Cent, with a trade execution speed of 0.05 seconds. In addition to the benefits offered by the Gold account, Platinum account holders receive a slightly higher leverage of 1:500 and are also eligible for a free virtual private server (VPS) and news alerts.

In addition, TradeATF offers a swap-free Islamic account on all three account types.

Signing up

To open a trading account with TradeATF, click “Open Account” on the broker’s homepage. You will be directed to the online application page, where you will be required to input your name, email, and phone number and create a password.

After completing the form, click the “Open Account” button to move to the next page. You must submit your means of identification (a government-issued ID) and proof of address (a utility bill or bank statement not more than three months old) to verify your account. After verifying your account, make an initial deposit and start trading.

Deposit and Withdrawal

Traders can deposit funds to their online trading account with TradeATF using the multiple secure payment options available, which include wire transfers, cards, and e-wallets. For cards, they accept Visa/MasterCard and Skrill and Neteller for wallets.

To withdraw from TradeATF, withdrawal must be initiated from the deposit source. The withdrawal request can take up to five business days before it is processed. Once processed, it can take another 5-7 business days for the funds to reflect in your receiving account. TradeATF does not charge withdrawal fees apart from banks and third-party payment providers’ compulsory charges.

Instruments

TradeATF offers a diverse selection of financial instruments for traders to trade on their platform. These instruments include major, minor, and exotic currency pairs and stocks of major companies worldwide like Apple, Amazon, Facebook, BMW, etc. Apart from that, Indices, Commodities, Metals, and Cryptocurrencies can also be traded on the platform.

Commission and fees

TradeATF does not charge any fixed trading commissions. Instead, it generates revenue from each transaction’s fluctuating spreads and swaps from overnight trades.

Available Leverage

TradeATF offers a leverage of up to 1:200, depending on the assets and trading accounts. On its platinum trading account, traders can get a leverage of up to 1:500.

Leverage allows traders to increase their position size by borrowing from the broker to increase profits. However, it is essential to note that leverage can also magnify losses if misused.

Analysis and Education

Thanks to the various educational tools like learning articles, market analysis, news, and trading courses available on its platform, TradeATF helps its clients perfect their trading skills and keep them informed on recent market events.

Customer Service

TradeATF provides multilingual 24/5 customer service via phone, live chat, and email support options. They can also be reached on various social media channels, including Instagram, Facebook, and Twitter.

Reputation amongst Traders

Although relatively still young in the industry, TradeATF is used by over 10,000 traders worldwide and has received fairly positive reviews on forums and websites. On Trustpilot, it has 3.8 out of 5 based on 12 reviews and a 6.5 overall rating on myforexreviews.

Awards

TradeATF is an award-winning broker

World Financial Award

Best Trading Conditions (2020)

World Forex Award

Best Customer Support (2020)