No Regulation

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/10

ATNFX

Marshall Islands

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://atnfx.com/cryptocurrency/

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ATNFX
+44 2037 638 899
info@atnfx.com
https://atnfx.com/cryptocurrency/
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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

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Previous Detection 2024-09-18

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Company Name
ATNFX
Regulatory Status
No Regulation
Abbreviation
ATNFX
Platform registered country and region
Marshall Islands
Phone of the company
+44 2037 638 899

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AspectInformation
Company NameATNFX
Registered Country/AreaMarshall Islands
Founded Year2-5 years ago
RegulationNot regulated
CryptocurrenciesCryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA)
Trading FeesCompetitive spreads, no commissions on forex, fees on bank transfers
Payment MethodCredit Card, Bank Transfer
Customer SupportPhone: +44 2037 638 899, Email: info@atnfx.com

Overview of ATNFX

ATNFX, based in the Marshall Islands and founded within the past 2-5 years, offers a range of trading assets including forex pairs, indices, commodities, stocks, cryptocurrencies like Bitcoin and Ethereum, and crude oil.

The platform boasts competitive spreads on major pairs and no commissions on forex trades, along with segregated client accounts for enhanced security. However, it lacks a popular mobile trading platform and operates without regulation by any financial authority.

Users have occasionally reported accessibility issues with the website, impacting user experience.

Pros and Cons

ProsCons
Wide range of trading assetsLack of popular mobile trading platform
Not regulated by any financial authority
Inconsistent accessibility of the website

Pros:

  • Wide Range of Trading Assets: ATNFX offers a wide selection of trading assets, including forex pairs, indices, commodities, stocks, cryptocurrencies, and crude oil. This variety allows traders to access multiple markets and diversify their investment portfolios efficiently.

Cons:

  • Lack of Popular Mobile Trading Platform: ATNFX does not provide a widely recognized or highly rated mobile trading app. This absence inconveniences traders who prefer to execute trades or monitor markets on the go using their mobile devices.
  • Not Regulated by Any Financial Authority: ATNFX operates without regulatory oversight from established financial authorities. This lack of regulation raises risks among some traders regarding the security of their funds and the reliability of the brokerage's operations.
  • Inconsistent Accessibility of the Website: Users have reported intermittent issues with accessing ATNFX's website. Such inconsistencies can disrupt trading activities, impact user experience negatively, and potentially lead to missed trading opportunities or delays in accessing account information.

Regulatory Authority

ATNFX operates without regulatory oversight, posing significant risks to investors.

Without a regulatory framework, there is no guarantee of fair practices, security of funds. This lack of supervision exposes investors to potential fraud, mismanagement, and financial loss, as there is no governing body ensuring adherence to industry standards or legal recourse for misconduct.

Security

ATNFX implements several security measures to protect client data and funds, including:

  • Encryption Technology: The platform uses advanced SSL (Secure Socket Layer) encryption to secure all data transmissions between clients and the server. This encryption protects sensitive information such as personal data and financial transactions from unauthorized access and cyber threats.
  • Secure Payment Methods: ATNFX ensures that all deposit and withdrawal processes are conducted through secure channels. They partner with reputable payment processors and employ rigorous security protocols to safeguard financial transactions, mitigating the risk of fraud or theft.
  • Segregated Accounts: Client funds are kept in segregated accounts, separate from the companys operational funds. This segregation ensures that client funds are protected and can be returned in the event of financial difficulties within the company.
  • Cryptocurrencies Available

    ATNFX provides a robust selection of cryptocurrencies, allowing traders to engage with both mainstream and emerging digital assets.

    The platform features prominent coins like Bitcoin (BTC), known as the pioneer of digital currencies, and Ethereum (ETH), renowned for its smart contract capabilities.

    Traders can also explore Ripple (XRP), facilitating fast and low-cost international transactions, and Litecoin (LTC), often dubbed the silver to Bitcoin's gold. Additionally, Bitcoin Cash (BCH), a hard fork of Bitcoin, and Cardano (ADA), recognized for its research-driven development, are available.

    Cryptocurrencies Available

    Trading Market

    Trading assets offered by the ATNFX are as follows:

    Forex Pairs: ATNFX offers trading in major, minor, and exotic currency pairs, providing access to the global forex market with tight spreads and leveraged trading options.

    Indices: Clients can trade major global indices, allowing for speculation on the performance of market segments from various regions worldwide.

    Commodities: The platform includes popular commodities such as gold, silver, and agricultural products.

    Stocks: Traders have access to a range of international equities, enabling investment in major companies across various sectors.

    Cryptocurrencies: ATNFX supports trading in leading digital currencies like Bitcoin, Ethereum, and more, embracing the growing crypto market.

    Crude Oil: The platform provides opportunities to trade in crude oil, including WTI and Brent, essential for those interested in energy markets.

    Fees

    ATNFXs trading fees include spreads, commissions, and overnight financing charges.

    For Forex pairs, spreads typically start from 1.5 pips for major pairs like EUR/USD.

    Trading indices and commodities also involves spreads, often beginning at 0.8 points and 0.25 points, respectively.

    Stock trading incurs spreads starting from $0.02 per share, while cryptocurrency spreads generally begin at 1% of the trade value.

    There are no commissions on forex, indices, and commodities trading, but cryptocurrency trading might attract a commission of up to 0.5%.

    Additionally, overnight positions incur swap fees, which vary depending on the asset and position size.

    Payment Method

    The ATNFX platform offers two methods for deposits and withdrawals: Credit Card and Bank Transfer.

    For deposits made via credit card, the minimum amount is €200, and the maximum is €50,000 per calendar month, with no deposit fees applied.

    Regarding withdrawals, ATNFX processes requests within one to two business days. The time for funds to appear on a credit card depends on the card issuer, potentially taking up to one billing cycle. Withdrawals via credit card and checks incur no fees. However, a nominal fee applies to all bank transfer withdrawals.

    Services

    ATNFX offers a range of educational materials designed to help traders understand forex trading.

    These include Trading Signals to guide investment decisions, an Economic Calendar for tracking key market events, and resources for Fundamental Analysis and Technical Analysis. These tools aim to enhance trader knowledge and improve decision-making, though the depth and quality of resources may vary.

    Is ATNFX a Good Exchange for You?

    ATNFX is best exchange for experienced traders seeking various cryptocurrency options. Its platform offers a range of digital assets including Bitcoin, Ethereum, and others, appealing to traders familiar with the crypto market. However, accessibility issues hinder broader adoption among less tech-savvy users.

    Potential target groups that can find ATNFX suitable include:

    • Experienced Forex Traders: Traders with a solid understanding of forex markets who appreciate ATNFX's proprietary trading platform and the Sirix platform will find it suitable. These platforms offer advanced charting tools and social trading features that serve experienced traders looking for customization and flexibility.
    • Crypto Enthusiasts: Individuals interested in trading cryptocurrencies will find ATNFX appealing due to its wide selection of digital assets. While the platform has accessibility issues, those willing to navigate these challenges may benefit from the opportunity to trade popular cryptocurrencies like Bitcoin and Ethereum, alongside lesser-known altcoins.
    • Tech-Savvy Investors: Investors comfortable with navigating through online platforms and who value security protocols may find ATNFX suitable. The platform's use of SSL encryption and segregated client accounts may appeal to those prioritizing security in their trading activities. However, it's crucial to weigh these benefits against potential accessibility issues highlighted by other users and market analysts.
    • Customer Support

      ATNFX offers customer support through phone at +44 2037 638 899 and via email at info@atnfx.com.

      Their team is available to assist with trading inquiries, account issues, and technical support, providing prompt and knowledgeable service to enhance the client experience.

      FAQ

      What cryptocurrencies can be traded on ATNFX?

      ATNFX offers cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA).

      Are there any fees for depositing funds into an ATNFX account?

      ATNFX does not charge fees for deposits made via credit card. However, bank transfers may incur a small fee depending on the provider.

      Is ATNFX regulated by any financial authorities?

      No, ATNFX operates without regulation from any financial authority.

      What trading platforms are available on ATNFX?

      ATNFX offers a proprietary trading platform and the Sirix Trading Platform for its clients.

      How can customers contact ATNFX customer support?

      Customers can reach ATNFX customer support via phone at +44 2037 638 899 or email at info@atnfx.com.

      Risk Warning

      Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.