Overview of ATFX fees and charges
ATFX's fees are considered to be high. This is usually a result of high fees across multiple fee types. It's important to be aware of this and to decide whether other advantages of ATFX can still make it a good choice for you. These deciding features can be its research options, its education section or the general user experience you get on its trading platforms.
Here's a high level overview of ATFX's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| S&P 500 CFD | - | Not available for retail customers |
| Europe 50 CFD | - | Not available for retail customers |
| EURUSD | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Disclaimer: 59.38% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
ATFX fees
ATFX fees explained
We compare ATFX fees with its closest competitors, Admirals (Admiral Markets) and AvaTrade.
ATFX fees
ATFX trading fees
We see ATFX's trading fees to be high because they charge more than most of its competitors.
Let's break down the trading fees into the different asset classes available at ATFX.
Trading fees
ATFX's trading fees are high.
It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for three assets.
For the assets we chose cleverly and arbitrarily:
- Apple, a large US stock
- Vodafone, a large European stock
- EURUSD, a popular currency pair
The example in this context would mean buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.
This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.
Here is the verdict.
| ATFX | Admirals (Admiral Markets) | AvaTrade | |
|---|---|---|---|
| Apple benchmark fee | - | $4.6 | $6.6 |
| Vodafone benchmark fee | - | $12.1 | $8.3 |
| EURUSD benchmark fee | - | $15.1 | $16.4 |
Financing rates
ATFX financing rates are low.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| ATFX | Admirals (Admiral Markets) | AvaTrade | |
|---|---|---|---|
| Apple CFD financing rate | 0.0% | 6.1% | 9.0% |
| Vodafone CFD financing rate | - | 6.0% | 8.2% |
| EURUSD financing rate | 0.0% | 3.6% | 3.8% |
| EURGBP financing rate | 0.0% | 3.6% | 3.1% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
ATFX fees
ATFX non-trading fees
When it comes to looking at all the non-trading fees ATFX is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at ATFX that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| ATFX | Admirals (Admiral Markets) | AvaTrade | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | Yes |
| Account fee | No | No | No |
ATFX fees
ATFX deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and ATFX is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods ATFX offers.
| ATFX | Admirals (Admiral Markets) | AvaTrade | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
ATFX fees
ATFX withdrawal fee
Unlike some online brokers we have reviewed ATFX does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| ATFX | Admirals (Admiral Markets) | AvaTrade | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
ATFX fees
ATFX inactivity fee
ATFX does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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