Overview of ATG
ATG World is a leading broker company in the Forex Market that provides efficient trading services for global customers. The company has alomost 10 years of financial experience and is regulated by FSA. ATG World provides trading services for Forex, Shares, Energy, Precious Metals, and Crypto Currency, among others. The broker offers competitive pricing with $0 dollar platform fees and fast execution and fund transfers with its platform. The company's funds are kept in segregated bank accounts with top-tier reputable banks, and it has dedicated personnel who aim to provide customized support 24/7. ATG World is registered in Dubai, UAE, and has a target audience of global customers.
Regulatory Authority
ATG World is regulated by The Seychelles Financial Services Authority, a prominent regulatory body. The company operates under the license number SD054, which is categorized as a Retail Forex License. This license places ATG World under the offshore regulatory status, ensuring specific standards and practices are met. It's important to note that the license type is exclusive, with no sharing permitted.
Pros and Cons
Pros:
Advanced Trading Platform
ATG World utilizes the MetaTrader 5 (MT5) platform, which is known for its advanced trading features, user-friendly interface, and compatibility across PC, web, and mobile devices. This ensures traders have access to a reliable and efficient trading environment.
Retail Forex License
Holding a Retail Forex License indicates that ATG World Markets Limited specifically caters to individual retail traders. This ensures that the services and offerings are tailored to meet the unique needs of individual traders.
Competitive Spreads
ATG World offers competitive spreads, which can lead to reduced trading costs for traders. Competitive spreads can make a significant difference in profitability, especially for frequent traders.
Diverse Trading Products
Offering a range of products, from Forex and Shares to Cryptocurrencies, provides traders with a plethora of investment opportunities. This diversity allows traders to diversify their portfolios and explore various markets.
Professional 24/7 Customer Service
Round-the-clock customer support ensures that traders can receive timely assistance, irrespective of time zones. This continuous support is crucial in the fast-paced world of trading, where timely resolution of queries can make a significant difference.
Cons:
Offshore Regulatory Status
Being regulated offshore might not offer the same level of oversight and protection as some onshore or more established regulatory bodies. Some traders might perceive offshore regulation as less stringent.
No Sharing License Type
The exclusivity of the “No Sharing” license type might limit the broker's ability to form partnerships or collaborations with other entities, potentially restricting expansion or diversification opportunities.
Limited Information on Website
The absence of specific details, such as the establishment date and registration location, can be a concern for some traders. Comprehensive transparency is often seen as a sign of a broker's credibility.
Unspecified License Dates
Without clarity on the effective and expiry dates of the license, potential clients might have reservations about the current validity and future status of the broker's regulatory compliance.
Limited Details on Account Types
A lack of clear information regarding the various account types can leave potential clients uncertain about which account best suits their trading needs and preferences.
Market Instruments
ATG World offers a vast array of trading products. Forex enthusiasts can delve into 60+ FX pairs, including popular ones like EURUSD and GBPUSD. For those inclined towards Precious Metals, options abound with gold, silver, and more. The broker also provides avenues to trade on the yield of top companies, speculate on entire sectors, and even venture into the realm of cryptocurrencies.
Account Types
ATG World offers four distinct trading account types designed to cater to the specific needs and preferences of precious metals traders.
Standard Account: This account requires a minimum initial deposit of $200 and provides traders with a leverage of 1:500. It operates on the MT5 trading platform and offers average spreads of 1.6 pips. The Standard Account does not charge any commission.
VIP Account: With a minimum initial deposit of $200, the VIP Account offers enhanced trading conditions. Traders benefit from a leverage of 1:200 and average spreads of 1.2 pips. Similar to the Standard Account, there is no commission.
ECN Account - Popular: For traders seeking tight spreads, the ECN Account is a popular choice. It requires a minimum initial deposit of $200 and offers leverage of 1:200. Average spreads start from 0.0 pips, and there is a commission of $3.5 per trade.
Islamic Account: Catering to traders with specific religious requirements, the Islamic Account has a minimum initial deposit of $200. It offers a leverage of 1:200, average spreads of 1.2 pips, and does not charge any commission.
How to Open an Account？
Opening an account with ATG World is a straightforward process. Prospective traders can:
Apply by completing the application, which takes just a few minutes.
Fund their account through associated banks or migration accounts.
Start trading and elevate their investment journey to new heights.
Leverage
One of the standout features of ATG World is the leverage it offers. Traders can avail of a maximum leverage of 1:500, allowing them to amplify their trading positions. The leverage levels might vary based on the trading product, ensuring that traders can optimize their strategies based on market conditions.
Spreads and Commissions
ATG World prides itself on offering deep liquidity with competitive spreads. This ensures that traders can enter and exit positions with minimal slippage. Additionally, the broker emphasizes its zero-dollar platform fees, which indicates that traders can expect transparent pricing without hidden charges.
Other Trading Costs
Notably, there were no explicit mentions of fees for deposits, withdrawals, or overnight interest (also known as swap or rollover fees) for this broker. However, traders should be aware of potential costs associated with deposits, withdrawals, overnight interest, and other fees that might be applicable.
Trading Platform
MetaTrader 5 (MT5) by ATG World is a cutting-edge trading platform renowned for its versatility and comprehensive toolset. Designed for trading CFDs on forex, indices, and commodities, MT5 is available across various devices, including Windows, Linux, MacOS, Android, and Apple. The platform boasts a range of features, from automated trading capabilities with Expert Advisors (EAs) to advanced chart customization. Catering to a global audience, its interface is translated into 31 languages, ensuring a seamless trading experience for users worldwide.
Deposit and Withdrawal
ATG World offers clients several convenient options for depositing funds and withdrawing profits from their trading accounts. Deposit methods range from bank wires to various online e-wallets. Withdrawals can be completed through bank transfer or the same e-wallet used for depositing. Processing times vary from 24 hours up to 5 days depending on the method. Below is a summary of the key deposit and withdrawal options, fees, and timing:
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Customer Support
ATG World, a prominent financial trading firm, is strategically located in the heart of Dubai at Jumeirah Lakes Towers. They are readily accessible via phone and email, ensuring prompt responses to queries and concerns. Operating from Monday to Friday between 9:00 AM to 6:00 PM, their dedicated team is committed to providing top-notch support and assistance to their clientele.
Phone Numbers: +971 451 49 186, +971 52 7944 747
Email: support@atgmarkets.com
Office Address: Unit No: 2004, The Dome Tower, Plot No: JLT-PH1-N1, Jumeirah Lakes Towers, DMCC, Dubai
User Experience and Additional Features
ATG World emphasizes its efficient and secure online trading experience. With features like social trading, auto trading, and signal services, traders can enhance their strategies. Additionally, the broker might offer bonus programs, rebates, and contests to engage its clientele.
Comparison with Similar Brokers
With the below comparison with other similar brokers, you could have a clearer, more holistic view of AMT World:
Conclusion
ATG World, with its two-decade legacy, has established itself as a reliable broker in the Forex market. With a diverse range of trading products, competitive spreads, and a strong regulatory framework, the broker caters to both novice and seasoned traders. While this review provides an overview of ATG World's offerings, traders are encouraged to explore the broker's official website for a deeper understanding.
FAQs
Q: What copy trading options does ATG World offer？
A: Currently ATG World does not offer any social or copy trading platforms. Traders cannot automatically copy positions taken by others.
Q: Does ATG World provide any proprietary market signals or analysis？
A: No, ATG World does not provide its own trading signals, analyst recommendations or AI-based analysis. Traders rely on their own analysis.
Q: What resources are available for developing and backtesting trading strategies？
A: The MT5 platforms support developing and backtesting Expert Advisors for automated strategies. No proprietary backtesting tools are offered.
Q: Does ATG World accept third-party advisor accounts？
A: Yes, ATG World allows account management by an authorized third-party or fund manager with proper legal documentation provided.
Q: Does ATG World offer volume-based discounts on spreads or commissions？
A: No volume discounts are available. Spreads are consistent regardless of monthly trade size or volume.
2024-10-24 17:48
2024-06-28 14:25
