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ATFX Alternatives

May 2019
Visit ATFX
70.16% of retail CFD accounts lose money
Our top picks for ATFX alternatives
XM
71.61% of retail CFD accounts lose money
ETX Capital
78% of retail CFD accounts lose money

The best alternatives to ATFX are

  1. XM - Global CFD and FX broker
  2. ETX Capital - Global CFD and FX broker
  3. XTB - Global CFD and FX broker

Let's see in a bit more detail how the ATFX alternatives compare to ATFX and each other:

ATFX alternatives comparison
ATFX XM ETX Capital XTB
Overall score 4.4 4.4 4.1 4.5
Fees score 5 stars 4 stars 2 stars 4 stars
Account opening score 5 stars 5 stars 5 stars 5 stars
Deposit and withdrawal score 5 stars 5 stars 5 stars 5 stars
Web platform score 3 stars 3 stars 4 stars 4 stars
Markets and products score 1 stars 1 stars 2 stars 2 stars
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70.16% of retail CFD accounts lose money
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71.61% of retail CFD accounts lose money
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78% of retail CFD accounts lose money
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76% of retail CFD accounts lose money

Why are these brokers considered good alternatives to ATFX? There are many areas based on which ATFX can be compared with others. When we say a given online broker is a good alternative to ATFX we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

ATFX alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • ATFX is recommended for forex and cfd traders familiar with the mt4 trading platform
  • XM is recommended for forex and cfd traders looking for metatrader platforms and low trading fees
  • ETX Capital is recommended for forex and cfd traders looking for great funding and withdrawal processes and easy to use platform
  • XTB is recommended for forex and cfd traders looking for great funding and withdrawal processes and research tools

Important factors of finding ATFX alternatives

So far Brokerchooser has reviewed 57 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether ATFX or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. ATFX is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost ATFX alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At ATFX this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at ATFX, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given ATFX alternative is a must.


Now let's dive into the details of how ATFX and its alternatives perform in the most important areas!

ATFX alternatives
ATFX

4.4 4 stars

ATFX logo

AT Group is a global financial group and ATFX is the brand of branches providing CFD/forex trading services. ATFX has four legal entities with different regulations and services. In this review, we tested the service of AT Global Markets (UK) Limited, which is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders familiar with the mt4 trading platform

Pros
  • Low fees
  • Fast and easy account opening
  • Multiple deposit and withdrawal options for free
Cons
  • Limited product portfolio
  • Pushy sales team
  • No fundamental data

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70.16% of retail CFD accounts lose money

Fees 5 stars

ATFX has great fees. It charges low fees both for CFD and forex. There are also no inactivity and withdrawal fees.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
Cons
None
ATFX alternatives trading fees
ATFX XM ETX Capital XTB
Apple benchmark fee - $3.9 $33.4 $18.1
Vodafone benchmark fee - $5.2 $31.8 $24.4
EURUSD benchmark fee $10.5 $20.0 $23.4 $17.1

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker
70.16% of retail CFD accounts lose money

Account opening 5 stars

ATFX has a user-friendly and fully digital account opening. In most cases, the account approval takes no more than 1-2 business days. On the flip side, the sales team is pushy and the required minimum deposit can be high.
Pros
  • Fast
  • Fully digital
  • User-friendly
Cons
  • Sales team pushy
  • High minimum deposit for accounts, except Standard Account
ATFX alternatives minimum deposit and account open times
ATFX XM ETX Capital XTB
Minimum deposit $500 $5 $250 $250
Time to open account 1 day 1 day 1 day 1 day

Learn more about ATFX minimum deposit here.

More Visit broker
70.16% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

ATFX offers free and fast deposit and withdrawal. There are various options for funding your account, including bank transfer, credit/debit cards, as well as electronic wallets.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
None
ATFX and alternatives withdrawal options and fees
ATFX XM ETX Capital XTB
Bank Transfer Yes Yes Yes Yes
Credit/Debit card Yes Yes Yes No
Electronic wallets Yes Yes Yes No
Withdrawal fee $0 $0 $0 $0

More Visit broker
70.16% of retail CFD accounts lose money

Web trading platform 3 stars

The web trading platform of ATFX is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
Cons
  • No two-step (safer) login
  • No price alerts
  • Poor design
ATFX and alternatives trading platform scores
ATFX XM ETX Capital XTB
Web platform score 3 stars 3 stars 4 stars 4 stars
Mobile platform score 4 stars 4 stars 5 stars 4 stars
Desktop platform score 3 stars 3 stars 3 stars 4 stars

Learn more about ATFX's web trading platform in the detailed ATFX review.

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70.16% of retail CFD accounts lose money

Markets and products 1 stars

ATFX provides only forex, CFDs and cryptos. However, it lacks popular asset classes, such as real stocks, mutual funds, or bonds.
ATFX and alternatives markets and products
ATFX XM ETX Capital XTB
Stock No No No Yes
ETF No No No Yes
Forex Yes Yes Yes Yes
Fund No No No No
Bond No No No No
Options No No No No
Futures No No No No
CFD Yes Yes Yes Yes
Crypto Yes Yes Yes Yes

More Visit broker
70.16% of retail CFD accounts lose money

Verdict

ATFX is regulated by more financial authorities globally, including the top-tier FCA.

On the plus side, ATFX has low CFD and forex fees. The account opening is easy and multiple options are offered for deposit and withdrawal, which are free of charge.

ATFX  has some drawbacks though. The product range is limited to FX, CFDs, and cryptos. The sales team is pushy and fundamental data research is missing. 

As the trading fees are low and you can use a demo account, feel free to try ATFX.

ATFX
Summary -
Fees score 5 stars
Recommended for Forex and CFD traders familiar with the MT4 trading platform

More Visit broker
70.16% of retail CFD accounts lose money

ATFX alternatives
XM

4.4 4 stars

XM logo

XM was founded in 2009 and it is Global CFD and FX broker. It is authorized and regulated by top-tier regulators, like the UK FCA or Australian ASIC.

XM is considered safe because it has a long track record and is regulated by top-tier regulators.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for metatrader platforms and low trading fees

Pros
  • Low trading fees
  • Easy and fast account opening
  • Great educational tools
Cons
  • Only CFDs and forex offered
  • Limited research tools
  • Inactivity fee

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71.61% of retail CFD accounts lose money

Fees 4 stars

XM has low trading and average non-trading fees.
Pros
  • Low trading fees
  • No withdrawal fee
Cons
  • Inactivity fee
ATFX vs. XM: Trading fees
XM ATFX
Apple benchmark fee $3.9 -
Vodafone benchmark fee $5.2 -
EURUSD benchmark fee $20.0 $10.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker
71.61% of retail CFD accounts lose money

Account opening 5 stars

XM account opening is hassle-free and straightforward. Your account is ready for trading on the same day.
Pros
  • Fast
  • Fully digital
  • Very low minimum deposit
Cons
None
ATFX vs. XM: Minimum deposit, time to open an account
XM ATFX
Minimum deposit $5 $500
Time to open account 1 day 1 day

If you are interested more in XM minimum deposit, this overview will help you.

More Visit broker
71.61% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

XM's deposit and withdrawal are cost-friendly, fast, and can be done in several forms.
Pros
  • Credit/Debit card available
  • No deposit fee
  • Quick deposit and withdrawal - within 3 days
Cons
  • $15 fee for withdrawals less than $200
ATFX vs. XM: Withdrawal options
XM ATFX
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

More Visit broker
71.61% of retail CFD accounts lose money

Web trading platform 3 stars

The web trading platform of XM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.
Pros
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Wide variety of languages
Cons
  • No two-step (safer) login
  • No price alerts
  • Poor design
Web trading platform of XM, a ATFX alternative
ATFX vs. XM: Trading platform scores
XM ATFX
Web platform score 3 stars 3 stars
Mobile platform score 4 stars 4 stars
Desktop platform score 3 stars 3 stars

Learn more about XM's web trading platform in the detailed XM review.

Visit broker
71.61% of retail CFD accounts lose money

Markets and products 1 stars

At XM, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
ATFX vs. XM: Markets and products
XM ATFX
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

More Visit broker
71.61% of retail CFD accounts lose money

Verdict

XM is regulated by more authorities globally, including the top-tier FCA.

On the plus side, the trading fees are low. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.

XM has some drawbacks though. Its product range is mainly limited to FX, CFDs, and cryptos. The research tools are limited, covering mainly some technical tools and technical-based analysis. A monthly $5 fee is charged after three months of inactivity. 

We recommend XM for clients who prefer CFD and forex trading and are looking for MetaTrader trading platforms. Feel free to test it via the demo account.

XM
Summary XM is a global forex and CFD broker regulated by the UK FCA, the Australian ASIC and the Cypriot CySec.
Fees score 4 stars
Recommended for Forex and CFD traders looking for MetaTrader platforms and low trading fees

More Visit broker
71.61% of retail CFD accounts lose money

ATFX alternatives
ETX Capital

4.1 4 stars

ETX Capital logo

ETX Capital is a global CFD and FX broker. Its parent company, Monecor (London) Ltd was established in 1965. Monecor (London) Ltd is listed on the London Stock Exchange and is regulated by the Financial Conduct Authority (FCA).

ETX Capital is considered safe because it has a long track record, is listed on a stock exchange, and is regulated by a top-tier regulator.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for great funding and withdrawal processes and easy to use platform

Pros
  • Free and multiple deposit and withdrawal options
  • Easy and fast account opening
  • Great educational tools
Cons
  • High trading fees
  • Only CFDs, forex, and crypto offered
  • Basic research tools

Visit broker
78% of retail CFD accounts lose money

Fees 2 stars

ETX Capital has high trading fees and financing rates. The non-trading fees are average.
Pros
  • No withdrawal fee
Cons
  • High trading fees
  • Inactivity fee
  • High financing rate
ATFX vs. ETX Capital: Trading fees
ETX Capital ATFX
Apple benchmark fee $33.4 -
Vodafone benchmark fee $31.8 -
EURUSD benchmark fee $23.4 $10.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker
78% of retail CFD accounts lose money

Account opening 5 stars

ETX Capital account opening is hassle-free and straightforward. Your account is ready for trading on the same day.
Pros
  • Fast
  • Fully digital
  • User-friendly
Cons
None
ATFX vs. ETX Capital: Minimum deposit, time to open an account
ETX Capital ATFX
Minimum deposit $250 $500
Time to open account 1 day 1 day

If you are interested more in ETX Capital minimum deposit, this overview will help you.

More Visit broker
78% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

ETX Capital's deposit and withdrawal are cost-friendly, fast, and can be done in several forms.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
None
ATFX vs. ETX Capital: Withdrawal options
ETX Capital ATFX
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

More Visit broker
78% of retail CFD accounts lose money

Web trading platform 4 stars

ETX Capital has a great web trading platform. It is user-friendly with a great search function. On the negative side, it lacks two-step login and a clear fee report.
Pros
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
Cons
  • No clear fee report available
  • No two-step (safer) login
Web trading platform of ETX Capital, a ATFX alternative
ATFX vs. ETX Capital: Trading platform scores
ETX Capital ATFX
Web platform score 4 stars 3 stars
Mobile platform score 5 stars 4 stars
Desktop platform score 3 stars 3 stars

Learn more about ETX Capital's web trading platform in the detailed ETX Capital review.

Visit broker
78% of retail CFD accounts lose money

Markets and products 2 stars

At ETX Capital, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
ATFX vs. ETX Capital: Markets and products
ETX Capital ATFX
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

More Visit broker
78% of retail CFD accounts lose money

Verdict

ETX Capital is regulated by the top-tier FCA.

On the plus side, you can use a lot of deposit and withdrawal options and they are free of charge. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.

ETX Capital has some drawbacks though. The trading fees are quite high. Its product range is limited to FX, CFDs, and cryptos. The research tools are limited. 

As there is only a small minimum deposit, there are 5 free withdrawals, and inactivity fee only kicks in after three months, feel free to try ETX Capital.

ETX Capital
Summary ETX Capital is a global forex and CFD broker regulated by the UK FCA. Its parent company, the Monecor (London) Ltd is listed on the London Stock Exchange.
Fees score 2 stars
Recommended for Forex and CFD traders looking for great funding and withdrawal processes and easy to use platform

More Visit broker
78% of retail CFD accounts lose money

ATFX alternatives
XTB

4.5 5 stars

Best CFD broker

XTB logo

XTB is primarily a forex and CFD broker, while in some countries you can also trade with stocks. XTB is a global broker with more than ten offices worldwide. In Europe, it serves clients via the UK or a Polish entity. We tested the UK entity but will provide info on all entities.

XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent, as it discloses its financials regularly. XTB is authorized and regulated by different regulators, including the UK FCA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for great funding and withdrawal processes and research tools

Pros
  • Fast deposit and withdrawal
  • Fast and user-friendly account opening
  • Good research tools
Cons
  • Limited product portfolio, mostly CFD and FX
  • Sales team can be pushy
  • No 24/7 customer support

Visit broker
76% of retail CFD accounts lose money

Fees 4 stars

XTB has average trading fees and low non-trading fees.
Pros
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
Cons
None
ATFX vs. XTB: Trading fees
XTB ATFX
Apple benchmark fee $18.1 -
Vodafone benchmark fee $24.4 -
EURUSD benchmark fee $17.1 $10.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

More Visit broker
76% of retail CFD accounts lose money

Account opening 5 stars

XTB account opening is hassle-free and straightforward. Your account is ready for trading on the same day. However, the sales team is very pushy.
Pros
  • Fast
  • Fully digital
  • User-friendly
Cons
  • Sales team pushy
ATFX vs. XTB: Minimum deposit, time to open an account
XTB ATFX
Minimum deposit $250 $500
Time to open account 1 day 1 day

If you are interested more in XTB minimum deposit, this overview will help you.

More Visit broker
76% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.
Pros
  • Credit/Debit card available
  • Quick deposit and withdrawal - within 3 days
  • User-friendly
Cons
  • High fees for electronic wallet deposits
ATFX vs. XTB: Withdrawal options
XTB ATFX
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

More Visit broker
76% of retail CFD accounts lose money

Web trading platform 4 stars

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, we missed the two-step login, the leverage setting option and the more sophisticated order types.
Pros
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
Cons
  • No two-step (safer) login
  • Limited order types
Web trading platform of XTB, a ATFX alternative
ATFX vs. XTB: Trading platform scores
XTB ATFX
Web platform score 4 stars 3 stars
Mobile platform score 4 stars 4 stars
Desktop platform score 4 stars 3 stars

Learn more about XTB's web trading platform in the detailed XTB review.

Visit broker
76% of retail CFD accounts lose money

Markets and products 2 stars

UK residents, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with stocks and ETFs.
ATFX vs. XTB: Markets and products
XTB ATFX
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

More Visit broker
76% of retail CFD accounts lose money

Verdict

XTB is a good broker. It is regulated by more than 10 authorities globally, including the UK FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, the deposit and withdrawal process is fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.

XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are stocks trading is also available in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.

We recommend XTB for clients who prefer forex and CFD trading and are looking for fast account opening, cheap money withdrawal and great research tools. Feel free to test it via the demo account.

XTB
Summary XTB is a global CFD broker, listed on the Warsaw Stock Exchange, regulated by regulators, like FCA and KNF, the polish regulator.
Fees score 4 stars
Recommended for Forex and CFD traders looking for great funding and withdrawal processes and research tools

More Visit broker
76% of retail CFD accounts lose money

ATFX alternatives
Bottom line

Based on our analysis, there are several good alternatives to ATFX. They all offer similar products and target similar customers. Here's a recap of the results in a table.

ATFX alternatives
Broker Info Recommended for
ATFX Global CFD and FX broker Forex and CFD traders familiar with the MT4 trading platform
XM Global CFD and FX broker Forex and CFD traders looking for MetaTrader platforms and low trading fees
ETX Capital Global CFD and FX broker Forex and CFD traders looking for great funding and withdrawal processes and easy to use platform
XTB Global CFD and FX broker Forex and CFD traders looking for great funding and withdrawal processes and research tools

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
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