Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

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Details

ATFX Global Markets

Offers two ways to trade: Forex, CFDs

 
ATFX Global Markets
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Your capital is at risk
$100 Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Credit cards
  • PayPal
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  • Live chat
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Contact Details
  • Market Maker
  • DMA
  • ECN
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Trust Score:

B

0

Established in:

2014

Regulated by:

CySEC

CFDs are leveraged products and can result in the loss of your capital. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Trading EUR/USD

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

What is the Best Trading Platform
for Trading EUR/USD?

ATFX Global Markets scored best in our review of the top brokers for trading eur/usd, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.

The following brokers allow trading eur/usd on their platform:

  1. ATFX Global Markets

Here are some areas where ATFX Global Markets scored highly in:

  • 4+ years in business
  • Offers 57+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.5 pips
  • Used by + traders
  • Allows hedging
  • 2 languages
  • Leverage up to

ATFX Global Markets offers two ways to trade: Forex, CFDs. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ATFX Global Markets have a B trust score, which is low. This is largely down to them being regulated by CySEC, segregating client funds, being established for over 4 years, and much more. For comparison:

Trust Score comparsion

ATFX Global Markets
Trust Score B
Year Established 2014
Regulated by CySEC
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who ATFX Global Markets is (& Isn’t)
Suitable For

As mentioned, ATFX Global Markets allows you to trade in two ways: Forex, CFDs.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with ATFX Global Markets, you'll need a minimum deposit of $100. ATFX Global Markets offers a range of different account types for different traders including a micro account, mini account, and vip account.

ATFX Global Markets offer over 57 instruments to trade including forex pairs, indices, and many other asset classes. In the following section we’ve listed ATFX Global Markets’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how ATFX Global Markets’s spreads compare in this ATFX Global Markets review

Finally, ATFX Global Markets isn't available in the following countries: DPRK, Canada, Iran, Japan, Brazil, Mexico, Turkey, Cuba, Sudan, Syria, USA, Bosnia and Herzegovina, Ethiopia, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.. They do not offer islamic accounts either.

Part 3

A Comparison of ATFX Global Markets vs. vs.


Want to see how ATFX Global Markets stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.

Comparison of account & trading features

ATFX Global Markets
Accounts offered Micro account, mini account, standard account, VIP account
Platforms MT4, Mac, Web Trader, Tablet & Mobile apps
Risk management features Limit order, take profit, entry order, one click trading, trailing stops, price alerts, limited risk account and negative balance protection
Funding methods Credit cards, Bank transfer, American Express, MasterCard,

Part 4

Forex Trading: The EUR/USD Forex Currency Pair

The EUR/USD is a major forex currency pair and is among the most traded currency pairs in the world. According to the Bank of International Settlements (BIS), US dollar trades accounted for 88% of the daily turnover of OTC forex instruments in 2016. This amounted to a daily average of US$4,438 billion. The Euro accounted for 31% of the daily forex OTC turnover which amounted to an average of $US1,591 per day.

Because the US dollar and the Euro are the two largest currencies in the world, significant numbers of multinational corporations conduct business between the US and the European economies. This gives rise to the need to hedge against foreign exchange risk which is one of the main reasons why the EUR/USD is a popular trading pair.

In addition, due to the liquidity of the two currencies, the spreads are relatively low, making trading opportunities attractive for retail traders.

At the end of trading on Friday February 24, 2017, the currency pair closed at a price of 1.0563, a 0.16% fall from the previous close. The volatility of the EUR/USD currency pair during the last 10 weeks was 0.85%, with the pair moving by some 88.86 pips during the period.

Fundamental Factors Affecting the EUR/USD

There are several fundamental factors that may affect the EUR/USD currency pair, with the more impacting factors being interest rates, and employment numbers. Other factors include political decisions, Gross Domestic Product (GDP), trade balances and retail sales, and Consumer and Producer Price Indices.

Brexit has had a negative impact on not only the Pound Sterling, but also the Euro, with the euro falling by some 1% versus the US dollar since the June 23rd referendum in 2016. Factors that are likely to affect the EUR/USD in 2017 include Trump policies, European economies and interest rates.

There is some amount of uncertainty surrounding what will happen to the dollar if President Trump makes good on his promises of border tariffs and taxes. This may lead to an increase in the real effective exchange rate. If the Federal Reserve increases interest rates in the US, this is likely to create greater demand for the dollar, pushing up the exchange rate

How to Trade the EUR/USD

Trading the EUR/USD through a CFD broker is a popular way of trading among retail traders. With CFD trading, it is advisable to use a regulated CFD broker such as London Capital Group (LCG), since trading is supervised and therefore is likely to present a safer trading environment.

Brokers allow traders to buy and sell currencies using their computers or mobile devices.

Some of the advantages of CFD trading with a regulated broker include:

· The opportunity to trade several different currency pairs with smaller deposit requirements than traditional trading methods. CFD brokers may allow for trading with margin deposits ranging between 2% and 10%. With traditional trading, much larger deposits, sometimes as much as 50%, are usually required. It is important to remember that leverage can go both ways and amplify both losses and profits.

For larger deposit sizes, reputable brokers such as LCG, ECN accounts are available which means tighter spreads. However, this will only prove beneficial for high volume traders due to commission structures. LCG offers traders up to 60 forex pairs.

· The ability to trade smaller lot sizes to a minimum of 0.01 lots per trade

· Greater leverage which maximizes potential rewards. However greater leverage also magnifies potential losses. For. Eg, with LCG, the leverage is as high as 1:500.

· Access to live feeds, charting information and education

Summary: Trading The Major Forex Pair:EUR/USD

The EUR/USD currency pair is a popular choice among traders. The pair is characterised with a high amount liquidity which gives rise to relatively smaller spreads. Using a CFD broker is a popular way to trade the pair given the tighter spreads, smaller deposit requirements, greater leverage, access to several markets and trading support.


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