WikiFX Review: Something you need to know before investing in Atlas Forex

WikiFX | 2022-10-16 09:00

Abstract：Atlas Forex is an online forex broker that you may not have heard of before. But there is something you need to know before you want to invest in this broker.

About Atlas Forex

founded in 2008, Atlas Forex started its business as a system and signal provider. Its business has been involved in the development and operation of various financial platforms and third-party systems other than MT4. It offers up to 500:1 leverage

Account Types

There are three live trading accounts offered by Atlas Forex, namely MT4 normal, MT4 crypto and DCTrader account. The minimum initial deposit to start any of them is $100, aligning with most brokers' requirements. MT4 normal account is set up for those who want to trade forex with high leverage, while MT4 crypto account is for those who want to trade both fiat currency and virtual currency. Anyway, if you want to trade virtual currency, you can choose to open a DC Trader account.

Spreads & Commissions

Atlas Forex advertises that it does not take part in unreasonable lower spread competitions. Those currencies with large trading volumes will have narrower bid-ask spreads than those that are infrequently traded. Vise a versa, for currencies with low trading volumes, spreads tend to be more wider due to a broker will require more compensation for handling the transaction. There are no commissions, but we were not able to verify it.

Trading Platform

When it comes to trading platforms available, Altas Forex gives traders two choices: Meta Trader 4 and DCTrader. MT4 is highly rated by users, and most foreign Forex companies are choosing MT4 as trading platform. By contrast, DCTrader is a cryptocurrency-based trading platform. It is excellent for technical analysis, and has excellent functions such as badge and aura function. The badge function allows you to set limit or stop order simply by dragging your position on the chart and aura function is displayed on the chart when the market direction is good in technical analysis.

Deposit & Withdrawal

There are four deposit options: domestic deposit, overseas deposit, PayWallet and credit card such as Visa, Mastercard and etc. While there are also four withdrawal options on the menu: bank, PayWallet, Bitcoin and Ethereum.

Customer Support

Altas Forexs customer support can be reached through email: support@atforex-markets.com, website: www.atforex-markets.com.

Website

We found it strange that this broker's official website is Japanese by default, and it only supports Japanese and English. But when we want to switch to English, it still shows Japanese. We have reason to believe that this broker's main target market is Japan. But based on WikiFX's investigation, we found that Atlas Forex was actually registered in China. Therefore, investors need to be aware of the potential risks.

Regulation: Is Atlas Forex legit？

No, this broker does not hold any regulatory license. It is not a regulated broker. WikiFX has given this broker a fairly low rating of Please check this broker with care.

Exposure

WikiFX received a couple of complaints against this broker. Most of them are Japanese. The problem that the victims complained the most is withdrawal rejection.

This Japanese trader claimed that this brokers information is unreliable. And the address of this broker is in China.

This trader from Pakistan claimed that this broker threatened to freeze his account.

This Japanese victim claimed that this broker blocks his withdrawal request, which causing him to lose more than 4.3 million.

Conclusion

Due to the broker's disreputable behavior, we do not think it is wise for traders to invest in this broker. Please do more research and make yourself comfortable before making a rational decision. WikiFX contains details of more than 38,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android and IOS systems, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.

Broker Forex trading

Related broker

Not Regulated

Atlas Forex

Company name：Atlas Forex

Score

1.53

Website：https://www.atforex-markets.com/?locale=en

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.53

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