Written by ForexBrokers.com
In this head to head comparison of ATFX vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ATFX and FXOpen, both notable online brokers, differ in noteworthy ways in terms of their regulatory statuses and trust ratings. Founded in 2017, ATFX is not publicly traded nor a banking institution. It holds an impressive four Tier-1 licenses and two Tier-2 licenses, denoting a high level of trust and security. These licenses contribute to ATFX's solid Trust Score of 85 out of 99 according to ForexBrokers.com, indicating a "trusted" status.
On the other hand, FXOpen has been around since 2003 and, like ATFX, is neither publicly traded nor a bank. However, it possesses fewer regulatory licenses with two Tier-1 licenses and none at Tier-2. This regulatory setup results in FXOpen having a ForexBrokers.com Trust Score of 76, placing it within the "average risk" category. Both brokers offer competitive services, but ATFX generally holds a stronger position in terms of regulatory trust.
| Feature |
ATFX
|
FXOpen
|
|---|---|---|
| Year Founded | 2017 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers, ATFX and FXOpen offer different experiences for their users. ATFX is rated three out of five stars for its commissions and fees, indicating a moderate level of cost-effectiveness. It is ranked #59 out of 62 brokers by ForexBrokers.com in the Commissions and Fees category. This suggests that while ATFX may have competitive aspects to its offerings, there are numerous brokers with lower fees or more favorable commission structures.
On the other hand, FXOpen stands out with a higher rating of four out of five stars for its commissions and fees. This reflects a more favorable cost structure for traders, potentially allowing for a more cost-efficient trading experience. Ranked #45 out of 62 brokers by ForexBrokers.com, FXOpen's positioning indicates that it is a preferable option for those who prioritize lower trading costs or value in their choice of broker.
In summary, ATFX may not be the first choice for those seeking the lowest fees, given its lower ranking and average rating compared to its peers. FXOpen, however, offers a more appealing choice with a stronger ranking and higher rating for commissions and fees. Both brokers do not provide average spread data, making it crucial for traders to look closely at their specific fee structures before deciding which broker aligns best with their trading strategies and budget.
| Feature |
ATFX
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $500 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing ATFX and FXOpen for their range of investments, both brokers provide opportunities for forex trading through Contracts for Difference (CFDs) and spot contracts. ATFX offers a broader selection with 150 tradeable symbols and 44 forex pairs, while FXOpen has 87 tradeable symbols and 25 forex pairs. Neither broker allows clients to trade directly in exchange-listed securities on U.S. or international markets, meaning you can't buy stocks like Apple or Vodafone through them. Additionally, both platforms support cryptocurrency trading only through derivatives, not through purchasing the actual digital currency.
Despite offering a similar investment variety, the two brokers differ slightly in terms of copy trading capabilities and expert reviews. Both ATFX and FXOpen offer services for copy trading, enabling users to mirror the trades of more experienced traders. In terms of user ratings, ATFX receives a slight edge with a 3.5-star rating for its range of investments compared to FXOpen's 3 stars. According to ForexBrokers.com, ATFX is ranked 57th, while FXOpen is at 61st among 62 brokers, indicating a modest but perceptible difference in their offerings.
| Feature |
ATFX
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 150 | 87 |
| Forex Pairs (Total) | 44 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both ATFX and FXOpen offer a comprehensive suite of trading platforms and tools for online brokerage customers. Traders at both brokers can benefit from simulated trading through free virtual demo accounts. When it comes to trading platforms, neither ATFX nor FXOpen provide proprietary platforms, but both offer popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), with support for Windows desktop downloads and web-based interfaces. Additionally, both platforms facilitate copy trading, although only FXOpen offers the ZuluTrade service for additional copy trading options. While neither supports DupliTrade, their services are bolstered by an identical offering of 15 drawing tools for charting and the ability to trade directly from a stock chart.
In terms of customization and user experience, both brokers allow users to create watch lists with up to 7 columns of fields for efficient tracking of market variables. Despite their similar offerings, FXOpen is rated slightly higher than ATFX, with 4 out of 5 stars for Trading Platforms and Tools compared to ATFX's 3.5 stars. Furthermore, among 62 brokers evaluated by ForexBrokers.com, FXOpen ranks #53 in the Trading Platforms and Tools category, while ATFX trails at #61, suggesting that users might find FXOpen’s platform slightly more favorable for trading activities.
| Feature |
ATFX
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps offered by ATFX and FXOpen, both brokers provide essential features like iPhone and Android apps, price alerts, and real-time quotes. However, differences emerge in other areas. FXOpen stands out with an impressive offering of 30 technical studies for charting, unlike ATFX's more modest 7 studies. This variety might appeal to those who prefer in-depth analysis. Both platforms allow drawing trendlines and viewing multiple time frames on charts, but only ATFX's app auto-saves these drawings. For synchronization enthusiasts, it's notable that neither app syncs watchlist changes between the mobile and online platforms.
When it comes to user ratings, FXOpen scores slightly higher with 4 stars, compared to ATFX’s 3.5 stars for mobile trading. Rankings by ForexBrokers.com further underscore this preference, placing FXOpen at #54 out of 62 brokers, while ATFX finds itself at the bottom of the list at #62. This information might guide potential users who are comparing features and user satisfaction as they choose a mobile trading app that best suits their needs.
| Feature |
ATFX
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 7 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research features, both ATFX and FXOpen provide daily market commentary, keeping traders informed with regular updates. However, FXOpen has an edge in delivering forex news from major sources like Bloomberg or Reuters, which is not offered by ATFX. On the other hand, ATFX enhances traders' research capabilities with tools from Autochartist and Trading Central, which are not available with FXOpen. Both brokers include an economic calendar to track global economic events, but neither offers sentiment-based trading tools or market research from companies like TipRanks or Acuity Trading.
In terms of overall research ratings, both ATFX and FXOpen receive 3 out of 5 stars. Despite this equal rating, ATFX is ranked slightly higher at #54 compared to FXOpen’s #62 out of 62 brokers by ForexBrokers.com. This indicates a marginally more favorable recognition for ATFX in the research category, though both brokers have room for improvement in their market research offerings. Where FXOpen shines with its comprehensive news feed, ATFX brings value with a wider array of analysis tools, allowing traders to make more informed decisions. These elements provide a balanced choice depending on the specific research needs of the trader.
| Feature |
ATFX
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, ATFX and FXOpen offer varied support. ATFX stands out with a selection of more than 10 educational pieces focused on forex and CFDs, alongside a comprehensive archive of recorded webinars. They also provide over 10 beginner-friendly videos to get new traders accustomed to trading concepts. While both brokers feature an investor dictionary covering over 50 investing terms, ATFX's array of resources positions it well for beginners.
Despite these offerings, ATFX does not extend its educational content to include monthly webinars or advanced videos for experienced traders, matching FXOpen's limitations in these areas. Both platforms receive a modest education rating of 3 stars. However, ATFX holds a better rank at #28 compared to FXOpen, which ranks at #58 among 62 brokers according to ForexBrokers.com. This suggests that while both serve beginners, ATFX may provide a more substantial foundational education in forex and CFDs.
| Feature |
ATFX
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that ATFX is better than FXOpen. ATFX finished with an overall rank of #51, while FXOpen finished with an overall rank of #54.
ATFX primarily offers the MetaTrader platform suite from its regulated brands in the EU via Cyprus, and the UK, as well as its offshore entity in Mauritius. ATFX has made progress although still trails behind the best brokers when it comes to the range of investment products it offers and the available trading platforms.
| Feature |
ATFX
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 76 |
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Both ATFX and FXOpen do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to purchase cryptocurrency derivatives.
Both ATFX and FXOpen do not support ACH or SEPA transfers or PayPal for deposits and withdrawals, but they both offer Skrill, Visa/Mastercard, and bank wire options for managing account funds.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | ATFX | FXOpen | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | ATFX | FXOpen | |
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| Trading Platforms Gallery (click to expand) | |||
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| Research Gallery (click to expand) | |||
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| Regulation | ATFX | FXOpen | |
|---|---|---|---|
| Trust Score | 85 | 76 | |
| Year Founded | 2017 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | ATFX | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | ATFX | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ATFX | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 150 | 87 | |
| Forex Pairs (Total) | 44 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | ATFX | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | ATFX | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $500 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ATFX | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | ATFX | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ATFX | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 7 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | ATFX | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | ATFX | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | ATFX | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review |
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