By Nathan Ferguson
TradeATF Review
TradeATF is a fresh broker in the Forex market making use of state-of-the-art technology to create suitable conditions for its traders. In this TradeATF review, I will tell you about the features which make it prominent in the market.
Legality of TradeATF
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Two entities are driven by TradeATF from which one is constructed in Belize (an offshore zone) while the other one works in Cyprus under the European regulations and registrations. Ultimately, TradeATF is a name-making brand under Hoch Capital Ltd which is regulated on the behalf of the Securities and Exchange Commission of Cyprus. ESMA and MiFID are automatically imposed on TradeATF as it is regulated on the behalf of a European watchdog.
Leverage
TradeATF offers the customers thereof significant leverage-related facilities but an increase in leverage denotes an elevation in risk factors. As a couple of organizations are being driven by TradeATF in Cyprus and Belize, diverse leverage conditions are available for both entities. The provided leverage takes account of 1:400 or 500 at the top level for professional traders, nearly 1:400 for international proposals, 1:10 is on commodities, whereas 1:30 is for big currency pairs.
Account types
Platinum, Gold, and Silver are the account types that TradeATF provides to its consumers of every aptitude including those who are just entering their trading venture as well as those who have considerable experience in trading. The account type can be upgraded by the customers to increase the facilities. Fee strategy, as well as the discounts for spread charges as well as swap, are the things along with 700+ asset types in a Platinum or Gold account of the platform.
In addition to this, traders are assisted by the venue, if they are followers of Sharia law, and are provided Islamic Accounts for every type of account to go in line with the restrictions defined by the religious law.
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Trading Tools
Up to 350 assets are available to do CFD trading through TradeATF with the inclusion of the prominent Stocks, Metals, Energies, Indices, Cryptocurrencies, as well as Currency Pairs. While some investors may think that the CFD-based proposal of the platform is relatively limited, many benefits are provided in this trading type.
The chief aspect of this trading is a comfortable trading method eliminating the concerns of the users regarding the contract rollovers as well as the linkages with a certain exchange, straight via choosing the trading instruments under TradeATF.
Fees
The account type and trading size determine the charges to be taken from the consumers. The minimum spreads in the Silver account are near 0.07, whereas the Gold account contains 0.05 as the number of spreads with a 25% discount, and the spreads of just 0.03 are available in the Platinum account with the provision of a greater 50% discount.
Spreads
No commissions are charged on the behalf of TradeATF however its costs are based just on spreads, indicating that the entirety of the payment required for the trading service of the platform is in the form of spread, or selling and purchasing prices’ difference charged for each of the position made by the customer.
Deposit and Withdrawals
Having the status of a regulated brokerage venue, TradeATF by default becomes liable to the rules related to money management, signifying that the funds of the users are permanently protected through different measures and the consumers can transact the funds extraordinarily to as well as out of the trading accounts thereof.
Deposit/withdrawal fees and features
The most frequently utilized methods of payment are provided by TradeATF along with prominent providers. Some may consider that the EU-based platform delivers a limited choice, nonetheless, the respective methods count as relatively comfortable as well as secure. Skrill, Debit/Credit Card, and Bank Wire Transfer are the deposit methods.
EUR100 is the lowest allowed balance permitting the consumer to get the account opened. No charges are leveled on the deposits. A customer-friendly way is utilized for money withdrawals, the entirety of the transfers are administered via an online account system.
Consumer Support
TradeATF’s consumer support has maintained its level, thus the clients can seek the answer to their queries through phone, email, or Live Chat at any time.
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Conclusion
Notwithstanding the status of Hoch Capital as being a broker regulated by CySEC, its marketing promotion, as well as trading practices in the United Kingdom, have been considered aggressive on the behalf of FCA as well as controversial in the case of MiFID-related responsibilities. Some misleading promotion and marketing strategies have resulted in many complaints and the venue has been unsuccessful in performing an adequate evaluation of its services and products’ compatibility with the consumers.
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