TradeATF is an online financial services provider, established in 2013 in Belize, operated by a company called Bayline Global World Ltd.
This brokerage firm is regulated by IFSC (Belize). Furthermore, the company says to have another company, registered in the UK under the name Bayline Trading Ltd.
As stated on the site, the broker’s goal is to offer a wide variety of trading assets, a fully operational trading platform, no fees, commissions, and quality education to all interested in expanding their knowledge.
|Instruments||CFDs on shares, stocks, indices, forex, commodities, metals|
|Minimum Deposit||250 USD/GBP/EUR|
|EUR/USD Spread||From 0.03|
|Base Currencies||USD, GBP, EUR, AUD, etc|
TradeATF Regulation and Safety of Funds
By being regulated by IFSC, TradeATF is not obligated to follow the strict guidelines established by jurisdictional regulators such as FCA, ASIC, or BaFin. Key points that the guidelines cover are:
- Segregated funds
- Encryption and protection
- Prevention of money laundering
As a matter of fact, TradeATF had a CySEC license that it voluntarily gave up on. Their UK branch is registered as “other professional, scientific, and technical activities,” not mentioning finance or online trading.
All this indicates that TradeATF cannot be trusted.
TradeATF Trading Instruments
TradeATF brings its users a variety of assets available for trade, divided into several major groups:
- Forex (CFDs for GBP, EUR, USD, and 45 more currency pairs)
- Indices (CFDs on DAX30, NASDAQ 100, S&P 500)
- Cryptocurrencies (CFDs for Bitcoin and 30 more cryptocurrencies like Litecoin, Ethereum, etc)
- Metals (popular with about 67% of world traders, CFDs on gold, silver, platinum)
- Shares (all the big brands like Apple, Windows, McDonald’s, Toyota, etc)
- Commodities (energies like oil, gas coal and soft commodities like wheat, sugar, coffee, etc)
Account Types Available
Personalized account types at TradeATF are there to make it easier for traders to choose what best fits their specific trading requests. Every account type offers something different and unique to match each trader’s portfolio. TradeATF has the following types of accounts available:
Silver accounts are mostly recommended to traders who have just started exploring the world of online trading. Therefore this account is best suited to lead them into the CFD trading on popular Forex, indices, stocks, and other assets with no deposit limits spreads from 0.7, leverage up to 200, and 0% commission.
A gold account enables the clients to get help from the dedicated account-managed, educational hub and upgraded benefits compared to a Silver account, including tighter spreads, 0% commission, and more.
The platinum account is specially designed for professional traders, who can use the leverage of up to 1:400 for their best gain, with zero commissions and spreads starting from 0.03 pips.
Islamic accounts and Demo accounts with virtual funds are also options for traders.
TradeATF Trading Software
The trading platform that TradeATF offers is a web-based platform built on MT4. MetaTrader 4 is known to be one of the most favored revolutionary software in online trading.
Distinctive features make it a unique experience. Traders are capable of buying and selling CFDs in seconds. There are various benefits of one-click trading options and making well-timed bids.
By providing a flexible environment, MT4 lets the users customize their tools, and set up take profit/stop loss values. The trader has full control of their trading process and the opportunity to build their genuine trading strategy.
Keeping track of your chosen assets was made easy with the implementation of customizable charts. A comfortable trading environment provides users with features helpful in various ways and allows instant bids, separate tabs, and not missing any good trading chances.
The dedicated mobile app is available for download and is reliable, fast, and free.
Deposits and Withdrawals Methods at TradeATF
TradeATF allows deposits to be made through debit/credit cards, Skrill, Neteller, and others. The Deposit process is safe and the funds are delivered almost instantly. The minimum deposit amount is 250 USD/GBP/EUR.
TradeATF withdrawals are processed fee-free, as long as the withdrawal amount is more than 50 EUR. Withdrawal requests take up to 7 business days to process.
After submitting the withdrawal application, the client is contacted by a firm representative to validate the request.
No hidden fees or additional conditions are demanded to be paid.
Education Available at TradeATF
Educational resources at TradeATF are rich and informative for both novice traders and experienced ones. All TradeATF education programs are extremely detailed and understandable to a trader of any level of knowledge. The educational section is divided into several different tools:
- Trading Chapters (trading topics are covered through articles that explore subjects on various trading elements)
- Earning reports season (provides data about the biggest companies on the market to implement in trader’s own strategies to improve their trading capabilities)
- Assets Hub (explores the main asset categories and offers rich knowledge of commodities, indices, stocks, crypto, CFDs, and their relevant elements)
- Economic calendar (lists all the important dates and events that have an effect on the market fluctuations)
- Trading courses (educational programs designed for any level of traders expertise to give deeper insight into the trading options, variables, and possibilities)
Customers dealing with issues connected to the trading process or any other aspects of using TradeATF are free to contact the staff in several different ways.
Any user can describe their problem by filling up the help request on the site. The answer is given by email which arrives in a short time.
The direct email used for help requests is [email protected] and clients are free to use that or some of the other emails provided for contacting different departments of the company.
If a client is in need of immediate assistance, they can use the Live Chat Support to instantly message staff and receive directions for resolving issues.
As you can tell, the firm doesn’t offer phone support or any kind of instant contact, which is a big disadvantage.
TradeATF Overall Summary
TradeATF has given up on its CySEC license and has left with an offshore one only. This per se is enough for us to suspect the firm. Tier 1 license can never be compared to the one from Belize and the level of protection is far from good.
Giving credit where is due, we have to mention the broker’s trading platform. Full access to the state-of-the-art trading platform MT4 gives space for providing the best trading experience users can have.
Customizing the software to their own trading needs and strategies makes their trading process more enjoyable and overall pleasing.
Besides the unregulated trading conditions, for all users facing difficulties using the site, responsive customer service is there to provide a solution. But only via chat. This means they can easily ignore your requests, especially does refer to payouts.
Finally, the broker doesn’t offer negative balance protection, meaning you can easily owe them more money than you initially invested. That’s something a legitimate broker cannot allow.
FAQs About TradeATF Broker
Which Method Can I Use to Withdraw Funds at TradeATF?
Few methods are available but the most preferred is a credit/debit card. Money withdrawn would go to the same card it was deposited from.
Do TradeATF have Negative Balance Protection?
TradeATF currently doesn’t offer the option of negative balance protection.
Which Platforms Does TradeATF Offer?
TradeATF offers a web-based platform, built on MT4 which is today one state-of-the-art trading software.
Is TradeATF Regulated?
Broker is licensed and regulated by IFSC (Belize), therefore not as safe and reliable.
Does TradeATF Offer Demo Account?
Yes, TradeATF offers the possibility of opening a Demo Account and trading with virtual funds.