ATFX (Khwezi Trade) Review
For SA Traders
!! Regulator Warning !!
CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital. As a result, CFDs may not be suitable for all individuals. You should not risk more than you are prepared to lose.
This broker used to be called KhweziTrade before they were acquired. Now I notice their customer support has not improved but their deposit bonus is fine and adds to your margin.
Live chat isnt available, every time I have an issue I have to send an email which is not treated promptly. Minimum deposit of $100 is too high and ATFX does not have instant withdrawals
ATFX
| 👨 Broker | AT Global Markets PTY LTD |
| 👨 Trading Name | ATFX |
| 👨 Accepts South African Traders | Yes |
| 📅 Year Founded | 2017 |
| ⚖ Regulators | FSCA South Africa |
| 📈 Trading Instruments | Forex, Indices, Commodities, Shares, ETFs |
| 🚀Leverage | 1:400 |
| 💻 Platforms | MT4, MT5 |
| 📋Account Types | Micro, Classic, Premium, Raw |
| 📋Base Currency | USD |
| 💰 Minimum Deposit | $50 |
| 💰 Minimum Withdrawal | $0 |
| 📞Live Support | 24/5 |
| 🏖️ Inactivity Fee | $10 |
| 😭Retail investors who lose money trading CFDs with AvaTrade | |
| ✅Reason To Trade | |
| ❌Reason To Avoid | Withdrawal fees, Inactivity fees, High spread |
Is ATFX A Legit Broker?
Yes, ATFX (formerly known as Khwezi Trade) is legit & they are regulated by the Financial Sector Conduct Authority (FSCA).
Is ATFX the same as Khwezi Trade?
Yes, KhweziTrade rebranded and changed their name to ATFX. They also changed their logo.
What is the Minimum Deposit for ATFX?
ATFX minimum deposit is $50 & this amount allows you to open the ATFX Micro Account.
If you want more sophisticated ATFX accounts, then the Classic & Premium Accounts are available at a $1,000 minimum deposit.
The flagship ATFX Raw Spread Account is also available at a $10,000 minimum deposit.
What is the Maximum Leverage at ATFX?
ATFX allows you access leverage up to 1:400
Is ATFX Spread High?
ATFX spread is higher than the industry average. EUR/USD starts as 2.6 pips on the Micro Account & 1.8 pips on the Classic Account.
However, you can access tighter spreads from 1.0 pips on the Raw Account but the minimum deposit for this account is $10,000.
How Do I Deposit Money into ATFX?
ATFX will accept your deposits if they come through Visa/Mastercard, Bank Transfer, Skrill, Neteller, & PerfectMoney.
ATFX deposit time is instant except for bank wire transfers that can take one week.
How Do I Withdraw Money From ATFX?
Sign in to your Client Portal, click on withdrawal, select your preferred withdrawal method, input the amount & submit.
Does ATFX Charge Withdrawal Fees?
Yes a $5 withdrawal fee applies to local bank transfer withdrawals if your withdrawal amount is below $100.
Bank Wire withdrawals at ATFX also attracts up to $1,000 in fees.
How Long Does ATFX Withdrawal Take?
Withdrawals via Local Bank Transfer, Skrill, Neteller & Perfect Money are instant.
However card withdrawal speed is subject to bank processing & withdrawals via wire transfer can take up to 7 days.
How To Close Your ATFX Account
To close your ATFX Account, send an email to ATFX support containing the account number to be closed. You can also engage the live chat and send the closure request to the agent who will respond to you.