ACFX (Atlas Fx) Review
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ACFX (ATLAS FX) Review
ACFX GENERAL INFORMATION
■ Found: ACFX was established in 2007 | Online since 2010
■ Headquarters: ACFX (Atlas Capital Financial Services Ltd) is headquartered in Limassol, Cyprus
■ US Residents: ACFX does not accept US clients –No-
■ Islamic Accounts: ACFX offers Islamic Swap-Free Accounts –Yes-
■ Regulated: ACFX is regulated by CySEC (085/07) and MiFID (EU), registration also with FCA UK (480859)
■ Web-Site Languages: English, Arabic, Chinese, French, Greek, Hindi, Persian, Russian, Serbian, Spanish, Vietnamese
■ Customer Support Languages: English, Arabic, Spanish, Chinese, French, Greek, Hindi, Persian, Russian, Serbian
ACFX TRADING INFO SUMMARY
■ Broker Type: ACFX is a STP Forex broker
■ CFD Trading: -Yes-
■ Platforms: ACFX offers MetaTrader4 plus a PAMM platform (Mobile apps for iPhone, iPad and Android)
■ Trading Time Zone: GMT+2
■ Demo Account: ACFX is providing a Demo Account –Yes-
■ Minimum Spread EUR/USD: 1.2 pip (Typical 1.6 pips)
■ Leverage: Leverage at ACFX is up to 1:500
■ Scalping /Hedging: are allowed at ACFX –Yes-
■ Bonus Policy: ACFX offers 10-30% Credit Bonus for all new clients
■ Minimum Account: $50
ACFX ASSET INDEX & SPREADS
■ ACFX is providing a wide Forex Asset Index containing 71 Forex Currencies
■ Stock Indices via Futures Trading: FTSE 100, Dow Jones 30, S&P 500
■ Many shares from all around the world
■ Energy assets / Soft commodities
■ Metals include: Gold and Silver Trading (GOLD/USD, GOLD/EUR, SILVER/USD, SILVER/EUR)
There are three (3) main account types. Beginners Forex traders who prefer to trade micro, mini, or standard lots can choose the classic account type. Others traders can sign up for the VIP account which offers the advantage of lower spreads even during news releases. Forex traders seeking direct market access to liquidity providers may choose the STP account type.
ACFX spreads are variable and start as low as 1.2 pip.
■ Fixed / Floating Trading Spreads
■ EUR/USD spread starts at 1.2 pip (without trading commissions)
■ Zero-Spread (Islamic) account type
The following table corresponds to STP Forex Accounts
Forex Pairs | Classic Spreads | VIP Spreads | ||
MINIMUM | TYPICAL | MINIMUM | TYPICAL | |
EURUSD | 1.2 | 1.6 | 0.8 | 1.2 |
GBPUSD | 1.3 | 2 | 1.1 | 1.6 |
USDCHF | 1.3 | 2 | 1.1 | 1.6 |
USDJPY | 1.1 | 1.6 | 0.8 | 1.2 |
AUDUSD | 1.1 | 1.6 | 1 | 1.4 |
USDCAD | 1.2 | 1.9 | 1 | 1.4 |
NZDUSD | 1 | 2 | 1 | 1.4 |
EURGBP | 1 | 1.4 | 0.7 | 1.1 |
EURCHF | 1.3 | 2.2 | 1.2 | 1.6 |
EURJPY | 1.6 | 2.4 | 1.4 | 1.8 |
GBPJPY | 2.8 | 3.8 | 2.6 | 3 |
GBPCHF | 2.8 | 4.3 | 2.6 | 3.3 |
EURAUD | 2 | 3 | 2 | 3 |
EURCAD | 2 | 5 | 2 | 5 |
GBPAUD | 2 | 5 | 2 | 5 |
GBPCAD | 3 | 5 | 3 | 5 |
CHFJPY | 2 | 3 | 2 | 3 |
AUDJPY | 2 | 4 | 2 | 3 |
CADJPY | 2 | 3 | 2 | 3 |
AUDCAD | 2 | 4 | 2 | 4 |
AUDCHF | 4 | 5 | 4 | 5 |
CADCHF | 5 | 6 | 5 | 6 |
NZDJPY | 3 | 6 | 3 | 6 |
AUDNZD | 5 | 7 | 4 | 7 |
EURNZD | 5 | 7 | 4 | 7 |
GBPNZD | 5 | 7 | 4 | 7 |
NZDCAD | 5 | 8 | 4 | 8 |
NZDCHF | 5 | 6 | 4 | 6 |
TRADING PLATFORM & MOBILE
ACFX TRADING PLATFORM & MOBILE
■ ACFX is offering MT4 and MT4 PAMM platform
■ Scalping and Hedging are allowed
■ Demo account is available at ACFX
■ ACFX offer a mobile app for iPhone, iPad, and Android
■ Trading server: GMT+2
Metatrader (MT4) trading platform:
The ACFX MetaTrader 4 offers:
(1) Analytical tools
(2) Nine timeframes available
(3) More than 50 built-in indicators and tools
(4) Automated Trading / Expert Advisors
(5) Metatrader 4 Multi-Terminal (PAMM Accounts)
NEW ACCOUNT INFORMATION
■ The minimum initial deposit at ACFX is 50 USD.
■ Deposit Currencies: Euro, US Dollard, Australian Dollar, Great Britain pound, Japanese yen, Polish złoty
TRADING ACCOUNT TYPES
Three Spread Types (STP, Fixed, and Floating Spreads). The following table includes information regarding the STP account types.
STP ACCOUNTS | Classic | VIP | RAW |
---|---|---|---|
Minimum Deposit | $50 | $10,000 | $10,000 |
Minimum Spread | 1.4 pips | 1.2 pips | 0 pips |
Trading Commissions | 0 | 15 USD | |
Stop Out Level | 30% | ||
Maximum Leverage | 1:500 | ||
Swap Free Accounts | Yes | ||
Welcome Bonus | No Bonus Policy on STP Account Type | ||
Minimum Order Size in Lots | 0.01 | 0.1 | 0.1 |
SMS Service | No | Yes | Yes |
Market Reports and Analysis |
Yes |
||
Personal Account Service Manager | Yes | ||
Deposit Currencies |
EUR, USD, JPY, CHF, GBP, PLN, AUD |
ACFX FUND METHODS ACFX Fund Methods: ■ Credit / Debit Cards ■ Bank Wire ■ MoneyBookers Skill ■ WebMoney ■ Neteller ■ CashU ■ DIXIPAY ■ FasaPay ■ UnionPay -No withdrawal fees are charged by ACFX
ACFX Review Conclusions:
ACFX (Atlas Capital Financial Services Ltd) is an STP / CFD broker found in 2007. The brand went online in 2010. ACFX is based and regulated in Cyprus (EU). Atlas Capital is also registered with FCA UK.
The great advantage when trading with ACFX is the great asset index. There are more than 70 Forex pairs available plus Futures and CFD Trading, Stock Indices include Dow 30, S&P 500 and FTSE 100. There is also Gold and Silver trading in EUR and USD plus many soft commodities, world shares, and energies. Trading platforms include the classic MetaTrader-4 and the MT4 Multi-terminal for PAMM accounts. Mobile platforms are available for iOs, iPad and Android. Forex scalping and automated trading are fully allowed. Capital Leverage when trading with ACFX can be up to 1:500.
There are many account types for opening a new account with ACFX. The minimum account size is just $50 and you may fund your account via many different fund methods. No fees are charged when making a deposit or a withdrawal. The customer service is 24/5 and available in many different languages via LiveChat, Phone, and eMail. ACFX offers also a personal account manager.
Currently, ACFX offers up to 30% welcome bonus which may be used as extra available margin.
ACFX REVIEW PROS & CONS (According to competition)
ACFX REVIEW CONCLUSIONS |
|
ACFX PROS |
ACFX CONS |
√ Wide Asset Index containing 70+ Forex currencies, many shares, indices, metals, energy and soft commodities √ Regulated Broker √ Automated Trading and Scalping are allowed √ PAMM Accounts √ 50USD minimum account, many fund methods √ Personal Account Manager √ 30% Welcome Bonus |
X The spreads are not very tight for all account types x Only MetaTrader-4 and MT4 multi-terminal (no web traders)
|
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