ATFX vs Tradeo Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare ATFX vs Tradeo.
Can I trust ATFX?
ATFX has a trust score of 70, giving it a "Average Risk" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust Tradeo?
Tradeo has a trust score of 67, giving it a "High Risk" trust label.
Is ATFX a good broker?
ATFX is a MetaTrader-only broker, regulated primarily in the U.K., Cyprus, and Mauritius. ATFX demonstrates potential as MetaTrader broker, yet has considerable room to grow across key categories such as the range of markets and trading platforms.
Is Tradeo a good broker?
Tradeo offers a proprietary platform that comes with a limited offering of products and services, and its educational content and research materials can't compete with the best forex and CFD brokers. In addition, Tradeo holds just one regulatory license, bringing its trust factor well below the industry average.
What tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. ATFX is United Kingdom (U.K.) (FCA Authorised), while Tradeo is none.. Neither have Australia (ASIC Authorised), Canada (SRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What tier-2 jurisdictions is each broker regulated in? What about tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both ATFX and Tradeo are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses ATFX is Mauritius (FSC Authorised), while Tradeo is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
Both ATFX and Tradeo offer a Desktop Platform (Windows).. Neither have Proprietary Platform, cTrader, DupliTrade and ZuluTrade
Does ATFX offer MetaTrader? Does Tradeo offer MetaTrader?
For MetaTrader ATFX provides MetaTrader 4 (MT4), while Tradeo provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do ATFX and Tradeo differ in terms of minimum deposit? What about average spreads and funding options?
ATFX requires a minimum deposit of $500, while Tradeo requires a minimum deposit of $200. From our testing we found ATFX offers spreads of N/A, while Tradeo offers spreads of N/A. Both ATFX and Tradeo offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits.. Neither have PayPal (Deposit/Withdraw)
Which brokers offers more tradeable asset classes, ATFX or Tradeo?
ATFX offers a more diverse selection of investment options than Tradeo allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, ETF and U.S. Stocks (CFD).. Neither have Agriculturals Looking at total tradeable symbols, ATFX has 150, compared to 256 from Tradeo.
Can I trade cryptocurrency with ATFX or Tradeo?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither ATFX nor Tradeo allow you to trade physical cryptocurrencies.
Who offers more research tools, ATFX or Tradeo?
In terms of research and research tools ATFX gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Tradeo has the tools listed here: Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.. Neither have Forex News (Top-Tier Sources)
Overall winner: ATFX
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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.