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TradeATF Experience and Test 2021

Author: George Thomas
by George Thomas
Posted: Sep 02, 2021

Introduction:

Founded in 2013, Global Trade ATF is a subsidiary of the hirm BayLine trading LTd. The parent firm is regulated by the IFSC of Belize and the broke trad ATF also happens to be the digital sponsor of the national soccer team of argentina.

The broker provides commission free trades on more than 350 tradable assets, tradable via CFDs. These instruments cover forex, indices, cryptocurrencies to begin with. Ofcourse, the list of all the 350 assets cannot be provided here, but this is the gyst so that the traders can get an idea of the diversified list of assets that the broker provides.

To trade, the broker provides three different trading accounts. All of these accounts can be used as islamic accounts for the traders who want to trade in the market at par with the sharia laws of trading. Apart from the three basic accounts, the broker also provides a demo trading account to its traders so that they can learn trading before they enter the market.

When it comes to the trading platform, the broker provides its own indegenious platform which comes in with a feature of one click trade, order of multiple types and many more. The traders can also trade on the widely recognised MT4 trading platform if they wish so.

The MT4 application is available for iOS and android users on the play store and app store respectively.

The broker is known to be the best for novice traders because the educational material provided by the broker is vast and wide. The traders can also use the customer support to address their problems. The team is online from Monday, to Friday from 1200 to 0200 hours GMT. The customer support can also be reached via email and telephone.

How to open an account with GlobalTrade ATF?
  1. Log on to the official website of the broker (www.globaltradeATF.com)
  2. Click on about trad ATF.
  3. Click on trading accounts.

After you have clicked on trading accounts, you will be redirected to a window where all the information about all the three trading accounts is given.

This is how it looks:

As mentioned above, the broker provides three different trading accounts and all of them can be used as islamic trading accounts.

Let us have a look at how these accounts charge commissions and spreads.

The silver account has the lowest spread on commodities like the crude oil, dipping to.07 and the highest spreads is on exotic currency pairs, rising up to 3.1

The gold account is also charging the lowest commissions on commodities and the highest of the same is charged for the exotic currency pairs. However, if the trader is trading from the gold account, then for the same currency pair, he or she has to pay less spread.

The platinum account again charges the lowest commission for commodities and the highest is charged for the exotic currency pairs. In the platinum account, the spreads are lowest. It seems as the trader goes ahead with the accounts, the spreads are charged less and lesser.

Also, the silver account has no swap discount, while it increases as the users move up in the hierarchy of the accounts. The platinum account offers the highest swap discount of 50%.

How to get a demo account with Global Trade ATF?

The traders can log in to https://tc-globaltradeatf.com To open a demo account with the trade. Since we do ot have access to the indegenious platform that the broker offers because we are not connected as a customer, we cannot help you with that. What we can do is, tell you how a demo account looks while trading demo in the MetTrader 4, which is also available for trading with the broker.

This is a one day chart of the currency pair GBP USD. The sell and buy calls are also constantly changing and these are just the ones we captured. IT can be seen that the balance that the platform provides here 100,000 in bot money.

This is another screen where the currency pair is more diversely displayed. HEre, the traders can put a stop loss, put a take profit, deviation and a few more indicators for their own profit.

Demo trading is something that the traders should do whenever they think of trading. This is something that gets them well-versed with the nuances of trading and can also tell them how it moves and fluctuates for a while.

The traders that trade demo always have had and always will have an upper hand in trading because that is what makes them used to the game of the market. Everything in the trading demo is real except for the money that is used to place trades and make bets.

On the bottom right corner of the above-shared screenshot, it is mentioned that the platform offers 100,000 units of bot currency.

This is an important factor that almost everyone misses. The money that the platform offers or the bot currency that the platform offers should always be used carefully. This is because then traders develop a habit to make heavy trades.

When they sit in the real market with the money that is not so fake and then they make such trades, that is exactly when chaos happens.

How to use charts with GlobalTrade ATF?

Charting is a service that is offered by the platform and not the broker. If 10 brokers, for example, provide MT5 as their preferred trading platform, then the charts for them are all going to be the same. It does not matter which broker you are associated with, charts will always be at par with the platform.

Sometimes the brokers make third parties a valid party in all the transactions by indulging them with the charting services. An example can be seen in the case of an indian broker, zerodha where they had pi as their charting software. It was discontinued later.

Let us see how the charts look in the MT4 platform. This is a bar chart for the same currency pair and wirjhout any additional indicators responding to volumes and trade levels etc.

As you can see, this is not of good use to the intraday trader because this just tells where and ow the price is moving but not a lot of profit related information is shown here.

This is how a candlestick chart looks:

This is a one day chart for the GBP USD currency pair for one single day. Here, it can be clearly seen that these charts are far better than the bar chats that were previously shown. The traders can learn so much from a candlestick chart and patterns that they don’t need anything else if they have it. Candlestick patterns help reveal so much that traders don;t have to look anywhere else. All they need is to be knowledgeable and put the right eye at the right place.

How to use leverage in funds with the broker?

Leverage is something that the traders can use for their own good but it has to be chosen very carefully whether to go with leverage or not. WHat happens is, a lot of scam brokers make sure that the novice trader gets inside the games of leveraged trading and then gets addicted. That is 100% true.

What if I told you that you could get inside a market worth a $1000 with technically having just one single dollar in your account? Good deal, right? Not necessarily. FIrst off, you cannot get inside the market with just one dollar to trade.

That is below the bare minimum requirement for the initial capital. Secondly, if the trade that we are talking about, the one that lets you operate the market worth $1000 with $1, if that trade goes wrong, then you are liable to give the broker back $1000, not $1.

Imagine, you used a dollar to control the market worth $1000 and then you failed. You have to pay back $1000, not $1.

Here is a complete list as to how much leverage the trader offers on which account.

Forex traders can access the maximum leverage of 1:400 and the stock traders are open to 1:50.

How to deposit the funds to the broker?

The financial service provider gives the traders an ability to deposit or withdraw funds using a lot of different methods like wire and bank transfers, debit and credit cards etc. The broker also provides cryptocurrency and E-Wallets methods to deposit the funds or to withdraw it.

Deposits and withdrawals can be made after the trader has logged in to the client portal area provided by the broker. The requests can take up to 5 business days to fulfill and the traders can withdraw the approved funds after 5 to 7 days of the request being made.

Bottom Line;

The broker is regulated and it seems that it is safe to trade CFDs with this broker. However, it should be kept in mind that CFDs are complex trading instruments and almost 9 out of 10 holders of the retail investor accounts ose their money in the first few trades that they make. The high risk of losing money is always there.

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Author: George Thomas

George Thomas

Member since: Jul 13, 2021
Published articles: 18

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