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 online brokers ATFX and FXOpen in terms of commissions and fees, it's important to consider their ratings and rankings. ATFX holds a rating of 3 stars, placing it at #60 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com. Although specific spread data for ATFX is unavailable, this ranking indicates that their fee structure might not be as competitive as other brokers in the market.
In contrast, FXOpen offers a slightly more attractive proposition in the same category. It boasts a higher rating of 4 stars and is ranked #44 out of 63 brokers for its commissions and fees by ForexBrokers.com. Like ATFX, specific average spread data for FXOpen is not provided, but its higher star rating and better ranking suggest that FXOpen may offer more favorable pricing terms for traders.
Choosing between ATFX and FXOpen mainly depends on how much weight you place on commissions and fees. FXOpen seems better positioned to offer more appealing fee structures for traders who prioritize cost-efficiency. Meanwhile, ATFX's lower ranking suggests that traders might face slightly higher charges, making it crucial to carefully evaluate any additional benefits or services it offers before making a decision.
| 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 in terms of the range of investments offered, investors might be drawn towards ATFX due to its broader selection. ATFX provides access to 150 tradeable symbols, including 44 forex pairs, whereas FXOpen offers 87 tradeable symbols with 25 forex pairs. Both brokers allow forex trading as CFDs or spot contracts and support cryptocurrency derivatives but do not offer the option to buy actual cryptocurrencies. Neither platform provides exchange-traded securities on U.S. or international exchanges, such as buying Apple or Vodafone shares, and both facilitate copy trading.
In terms of ratings and rankings, ATFX slightly edges out FXOpen with a 3.5-star rating for its range of investments, compared to FXOpen's 3-star rating. According to ForexBrokers.com, ATFX is ranked at #57 out of 63 brokers for its investment offerings, positioning it ahead of FXOpen, which falls at #62. This comparison suggests that while both brokers cover similar investment avenues, ATFX provides a slightly more extensive range, potentially appealing to those seeking more diversity in tradeable symbols and forex pairs.
| 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.
ATFX and FXOpen both provide a solid selection of trading platforms and tools that cater to various trader needs. Both brokers offer free virtual demo accounts, allowing new traders to practice without financial risk. They don't develop their own platforms but instead, provide popular choices like MetaTrader 4 and MetaTrader 5 for both desktop and web-based trading. Both platforms support Windows-based desktop downloads and have web options for easy access. Notably, both brokers offer copy trading services to enable traders to mirror the activity of experienced investors, but only FXOpen provides integration with ZuluTrade for enhanced social trading features.
When it comes to charting features, ATFX and FXOpen are closely matched; both offer 15 drawing tools for chart analysis and the ability to trade directly from a stock chart. Their watch lists are equally detailed, providing seven columns of information. Despite these similarities, FXOpen edges out ATFX with a slightly higher rating of 4 stars for its trading platforms and tools, while ATFX holds a rating of 3.5 stars. This is reflected in their rankings by ForexBrokers.com, with FXOpen positioned at #53 out of 63 brokers and ATFX at #62, showcasing a small yet notable difference in user satisfaction and platform effectiveness.
| 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 of ATFX and FXOpen, both brokers provide apps for iPhone and Android devices, making them accessible to a wide range of users. Both platforms offer essential features like stock or forex price alerts and allow users to create watchlists with real-time quotes. However, neither ATFX nor FXOpen supports watchlist symbol syncing between the mobile app and online accounts, requiring users to manually update watchlists in each location. While both apps provide the ability to draw trendlines and view multiple time frames on charts, there is a distinction in the number of technical studies available. FXOpen stands out by offering a generous 30 technical studies compared to ATFX's seven.
Additionally, the ATFX app has the advantage of auto-saving chart drawings, a feature absent in the FXOpen app. User ratings for mobile trading apps give ATFX 3.5 stars out of five, while FXOpen is rated slightly higher with four stars. In ForexBrokers.com's ranking out of 63 brokers, ATFX lands at the bottom, holding the 63rd position, whereas FXOpen is ranked higher at 54. Overall, FXOpen offers a more comprehensive range of technical studies and a slightly better user rating, making it a more appealing choice for those focused on technical analysis and app usability.
| 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.
Both ATFX and FXOpen provide daily market commentary to help traders keep track of market trends. However, when it comes to accessing forex news from renowned sources like Bloomberg or Reuters, FXOpen has the edge over ATFX by offering these insights. On the flip side, ATFX enriches its toolkit with advanced features from Autochartist and Trading Central to assist with technical and fundamental analysis, whereas FXOpen does not include these tools, possibly limiting the depth of analysis available to its users.
In terms of additional research tools like sentiment-based trading or market insights from TipRanks and Acuity Trading, neither ATFX nor FXOpen provides these features. Nevertheless, both brokers equip traders with an economic calendar to stay informed about significant global economic events, which can be crucial when strategizing trades. Although both brokers are rated 3 stars for research quality, ATFX ranks slightly higher at #54 compared to FXOpen's #63 according to ForexBrokers.com, suggesting a marginal difference in the robustness of market research between the two.
| 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 comparing the educational resources provided by ATFX and FXOpen for beginners, ATFX stands out as a more comprehensive choice. ATFX offers a varied range of educational materials, including more than 10 pieces focusing primarily on forex or CFDs through articles, videos, and archived webinars. They also provide a searchable archive of recorded webinars and over 10 beginner-friendly videos covering essential trading topics. Additionally, ATFX boasts an investor dictionary featuring over 50 investing terms, making it a solid platform for newcomers looking to understand the basics of trading.
In contrast, FXOpen falls short in several key areas. While it also provides an investor dictionary with definitions of over 50 investing terms, FXOpen does not meet the threshold of 10 educational pieces specifically focused on forex or CFDs. Unlike ATFX, FXOpen does not offer a searchable archive of past webinars or beginner-focused educational videos. As a result, ATFX ranks higher in ForexBrokers.com's Education category, placing 28th out of 63 brokers, while FXOpen ranks 58th. Both brokers receive a three-star rating, yet ATFX holds a more advantageous position in delivering educational content for those new to trading.
| 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 63 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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| 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 |
| Overall | ATFX | FXOpen | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review |
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