Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

ATFX Global Markets

Offers two ways to trade: Forex, CFDs

 
ATFX Global Markets
See Details Try a Demo
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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  • Bank transfer
  • Credit cards
  • PayPal
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  • Live chat
  • Phone support
  • Email support
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 Monaco

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 Monaco?

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

The following brokers allow monaco 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

IG

www.ig.com/fr

IG Markets Limited is regulated and authorised by the Financial Conduct Authority (FCA). Under the MiFID (Markets in Financial Instruments Directive) passport arrangements, IG are permitted to offer their regulated services throughout Europe, including in Monaco, who participate in various EU policies through their territorial relationship with France. The French offering is additionally subject to supervision from French Prudential Supervision and Resolution Authority (ACPR) which operates under the Banque de France.

A French version of the website is useful for traders from Monaco who wish to access the full range of information available to IG clients. This includes information about the 15,000 financial markets that they operate, live market information, training and development tools and more.

IG mainly offers their financial markets through spread bets and contracts for difference (CFDs). The underlying instruments in these products can include popular indices (such as the FRANCE 40), stocks (such as BNP Paribas), cryptocurrencies and commodities. They also offer a range of common Forex pairs, such as EUR/USD and EUR/GBP.

The range of platforms available from IG offer clients the latest technology and can be used directly through a web browser, or for convenience, can be downloaded as an app for a variety of mobile devices. IG, in fact, pioneered both online trading and iPhone app trading, placing the company at the forefront of the industry on more than one occasion.

As an additional layer of protection and reassurance for traders from Monaco who wish to set up an account with IG, it should also be noted that they also voluntarily participate in the good practice guidelines set out by the FX Global Code of Conduct.

AvaTrade

www.avatrade.fr

AvaTrade are one of the most well-established online brokerage companies in the world, with over 10 years of experience. The company was formed 2006 and has grown its customer base to over 200,000 registered users. With their head office in Ireland and authorisation from the Central Bank of Ireland, their services are provided in Monaco via the passport arrangements under the EEA Markets in Financial Instruments Directive (MiFID). The company’s website supports over 15 different languages, including French, which is the official language in Monaco. Customer helplines are available in the region in France, Italy, Spain, Portugal, and many other European countries.

AvaTrade’s platforms offer customers access to over 250 financial instruments across a variety of markets. These include stocks, shares, bonds, commodities, indices, and cryptocurrencies, many of which can be traded as contracts for difference (CFDs) or Exchange-Traded Funds (ETFs). Forex trading is available for customers through the MetaTrader 4 platform, or the options platform, AvaOptions. The trading platforms offered by AvaTrade are fully accessible via web browsers, and can also be downloaded as an app for mobile devices.

Many educational tools and resources are also offered. These resources include videos, eBooks, market analysis, in-depth articles, and webinars. The SharpTrader website is a dedicated learning platform provided for AVA Trade customers to help them develop their trading knowledge, and is also available in the French language. To develop trading skills, a demo account can be opened without an initial deposit. This allows clients to get a feel for the live trading environment whilst trading with virtual currency. Although the demo account is available for just 21 days, this period can be extended on request.

The minimum deposit values are €500 for a wire transfer and just €100 for credit and debit cards. E-wallets are not an accepted form of payment in Europe.

XTB

www.xtb.com/fr

X-Trade Brokers were formed in 2002 in Poland as a leveraged Foreign Exchange broker – the first of its kind in the region. Their presence spread throughout Europe, with offices subsequently opened in France, Italy, the Netherlands, Sweden, Austria, Greece, and Bulgaria, amongst other locations. As such, they are regulated throughout Europe by some of the most well-trusted regulators, including Germany’s BaFin, the UK’s Financial Conduct Authority, and France’s l’Autorité des Marchés Financiers (AMF). Through a territory agreement with France, the Principality of Monaco is part of the EU’s customs territory. As such, it is subject to FCA regulation by virtue of the EEA’s passport arrangements under the MiFID regulatory regime.

The French language website is ideal for customers from Monaco, as it allows access to the information regarding the variety of markets, accounts, and platforms available in their first language. Furthermore, it enables an account to be opened in French.

XTB offer access to a wide range of markets that are popular for traders in Monaco, including Forex pairs, such as EURGBP and EURUSD; commodities, such as silver and gold; cryptocurrencies, which can be traded as currency pairs, such as BTCUSD and ETHUSD; Exchange-Traded Funds (ETFs) and equities – both of which are available to be traded as contracts for difference (CFDs).

The powerful proprietary trading platform, xStation 5, is one of the reasons that XTB are so widely known. The platform has won the ‘Best Trading Platform 2016’ awarded by Online Personal Wealth Awards. It allows execution speeds of on average 85 milliseconds, which enables traders to take positions quickly when markets are volatile. The platform is available as a downloadable app for mobile phones, tablets, and even smartwatches, so traders can keep track of their trading accounts whilst on the go. In addition to xStation 5, traders can also place trades through the MetaTrader4 platform when they sign up to an account with XTB.

Traders from Monaco can select Euros as the base currency for their account. Funds can be deposited using a bank transfer, debit and credit cards, Neteller and Paypal, as well as other e-payment wallets.


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