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Atirox Review

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Atirox is a forex broker specializing in providing reliable and competitive services to its clients worldwide. They are a pure ECN / STP broker, allowing hem to bring the best pricing and liquidity to their clients. Established in 2015, Atirox brings sound brokerage experience and cutting-edge trading technology. Customers from all over the world successfully use the services of the Company. Atirox is well represented in Asia, CIS countries, in the Middle and the Far East as well as on the African continent.

Account Types

There are four different accounts on offer from Atirox, each one having its own deposit requirements and trading conditions, lets briefly look at what they are.

Micro Account: The entry requirement for this account is just $1, it can be leveraged up to 1:1000 and has spreads starting from 3.0 pips. There is no commission on this account and the minimum trade size is 0.01 lots. It uses STP execution and hedging, scalping, and expert advisors are all allowed to be used. It offers one-click trading and the margin call is set at 100% with the stop out being set at 50%.

Fix Account: This account requires a minimum deposit of $10, it can be leveraged up to 1:500 and has spreads starting from 2.4 pips. There is no commission on this account and the minimum trade size is 0.01 lots. It uses STP execution and hedging, scalping, and expert advisors are all allowed to be used. It offers one-click trading and the margin call is set at 75% with the stop out being set at 50%.

Classic Account: This account has a minimum requirement of $50, it can be leveraged up to 1:500 and has spreads starting from 1.1 pips. There is no commission on this account and the minimum trade size is 0.01 lots. It uses STP execution and hedging, scalping, and expert advisors are all allowed to be used. It offers one-click trading and the margin call is set at 70% with the stop out being set at 30%.

Pro Account: This is the top-level account, it requires a minimum deposit of $300, it can be leveraged up to 1:500 and has spreads starting from 0.05 pips. Due to the low spreads, there is an added commission of $4 per lot traded on this account and the minimum trade size is 0.1 lots. It uses STP execution and hedging, scalping, and expert advisors are all allowed to be used. It offers one-click trading and the margin call is set at 100% with the stop out being set at 50%.

Platforms

There are two main systems for trading, one being manual trading with MetaTrader 4 and the other being a copy trading system, so let’s see what they offer.

MetaTrader 4 (MT4): Atirox recommends that its clients install the MetaTrader 4 terminal for FX trading. Professional traders have long considered the MT4 trading platform to be one of the most intuitive and functional platforms of all-time. This is exactly why today MetaTrader has grown to become the industry standard in the world of online forex trading. Traders who prefer algorithmic FX trading can easily customize their Expert Advisors and use them while trading on the Atirox servers. Atirox offers MT4 for traditional desktop (Windows & Mac) computers, as well as the most popular mobile platforms (Android & iOS).

Copy System: Atirox Copy System is a service of copying deals, which allows followers to copy the transactions of the most successful traders and in turn, traders get the opportunity to have an additional income by sharing their experience with their followers. Registration in the system and configure the copy parameters takes only a few minutes. The main advantage of the system is its reliability. The follower fully controls the situation, as the funds remain on his account. He sets up the system for his own needs and can independently cancel the copied transactions if, in his opinion, the transactions bear unreasonable risks.

Leverage

The leverage that you get can depend on the account you are using, different accounts have different limits.

  • Micro: 1:1000
  • Fix: 1:500
  • Classic: 1:500
  • Pro: 1:500

The leverage can be selected when opening up an account, should you wish to change it on an already open account you will need to get in contact with the customer service team.

Trade Sizes

The minimum trade sizes on the Micro, Fix and Classic accounts is 0.01 lots (also known as a micro lot) they then go up in increments of 0.01 lots so the next trades are 0.02 lots and then 0.03 lots.

The starting trade size on the Pro account states that it is 0.1 lots, however on the product specification page it states 0.01 lots, but we will go with what is stated on the accounts plage. So the trades start at 0.1 lots and the incremental increase amount is not specified.

All account ahs a maximum trade size of 1,000 lots, however, we would recommend not trading in sizes larger than 50 lots, as the bigger a trade becomes the harder it is for the markets or liquidity provider to execute the trade quickly and without any slippage.

Trading Costs

The Pro account is the only account with an added commission, it is $4 per lot traded which is lower than the industry standard of $6 per lot traded. All other accounts use a spread based system that we will look at later in this review.

There are also swap charges to contend with, these are interest charges that are incurred for holding trades overnight, they can be both negative or positive and can usually be viewed from within the trading platform of choice.

Assets

Atirox has broken their assets down into 6 different categories, we will outline some examples from each below.

Forex Major: EURUSD, USDJPY, GBPUSD, EURGBP, EURJPY, EURCHF, AUSUSD, USDCAD, NZDUSD, EURCAD, EURAUD, EURNZD.

Forex Minor: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDSGD, CADCHF, CADJPY, CHFJPY, CHFSGD, EURCZK, EURDKK, EURHUF, WUENOK, WUEPLZ, EURSEK, SEUSGD, EURTRY, EURZAR, GBPAUD, GBPCAD, GBPCHF, GBPDKK, GBPJPY, GBPNOK, GBPNZD, GBPSEK, GBPSGD, GBPTRY, NOKJPY, NOKSEK, NZDCAD, NZDCHF, NZDJPY, SEKJPY, USDCNH, USDCZK, USDHUF, USDNOK, USDRUB, USDSEK, USDSGD, USDTRY, USDZAR, ZARJPY.

Commodities: XTIUSD (WTI Crude Oil), XBRUSD (Brent Crude Oil), XNGUSD (Natural Gas).

Spot Metals: XAUUSD, XAGUSD, XAUEUR, XAGEUR, XPTUSD, XPDUSD.

CFDs: AUS 200, EUSTX 50, FRA 40, GER 30, HK 50, JPN 225, NAS 100, SPA 35, SWI 20, UK 100, US 30, US 500, US 2000.

Crypto: BTCUSD, BCHUSD, DSHUSD, ETHUSD, LTCUSD, XAIUSD, XMRUSD, XRPUSD, ZECUSD.

Spreads

The spreads that you get depend on a few different factors first is the account you are using.

  • Micro: From 3.0 pips fixed spread
  • Fix: From 2.4 pips fixed spread
  • Classic: From 1.1 pips variable spread
  • Pro: From 0.05 pips variable spread

Fixed spreads mean that they do not change, they remain the same no matter what is happening in the markets. Variable (also known as floating) means that when the markets are being volatile, the spreads will often be seen higher. It is also important to note that different instruments and assets have different starting spreads, so while EURUSD may start at 1.1 pips, other assets like GBPJPY may start slightly higher, in this case, 1.4 pips.

Minimum Deposit

The minimum deposit amount is $1 which is needed to open up the Micro account, all subsequent deposits also have the minimum requirement of $1.

Deposit Methods & Costs

There are a lot of different ways to deposit with Atirox, we have outlined them for you below.

Bank Wire Transfers

Credit / Debit Card: Visa, MasterCard

Electronic Payment Systems: FasaPay, Perfect Money, Neteller, Bitcoin, Skrill

Malaysian Bank Transfers: CIMB, MayBank, Hong Leong Bank, RHB, Public Bank

Indonesian Bank Transfers: BCA, Mandiri, Bank BRI, PermataBank, CLOMB NIAGA, Bank BTN

Thailand Bank Transfers: Bangkok Bank, KrungThai Bank, Siam Commercial Bank, KASIKORN Bank, UOB, Krungsri Bank

Vietnam Bank Transfers: VietinBank, Vietcombank, BIDV Banks, Eximbank, Techon Bank, ACB Bank, Sacom Banks, Dong A Bank

There are no added fees from Atirox for depositing, however, you should check with your bank or processor to see if they add any of their own fees.

Withdrawal Methods & Costs

The same methods are available as withdrawals, Bank Wire Transfer, Visa Credit / Debit, MasterCard Credit / Debit, FasaPay, Perfect Money, Neteller, Bitcoin, Skrill, CIMB, MayBank, Hong Leong Bank, RHB, Public Bank, BCA, Mandiri, Bank BRI, PermataBank, CLOMB NIAGA, Bank BTN, Bangkok Bank, KrungThai Bank, Siam Commercial Bank, KASIKORN Bank, UOB, Krungsri Bank, VietinBank, Vietcombank, BIDV Banks, Eximbank, Techon Bank, ACB Bank, Sacom Banks and, Dong A Bank.

Just like deposits, there are no added fees, however, you should check with your bank or processor to see if there are any added fees from them.

Withdrawal Processing & Wait Time

The withdrawal processing times seem to be the only bit of information missing from the website, we could not locate it anywhere. We would expect processing to be done within 48 hours, then it will depend on the method uses and could take anywhere between 1 – 5 working days for the funds to be available for use.

Bonuses & Promotions

There are two different bonuses available here is a brief overview of them both.

50% Deposit Bonus: You can receive a bonus of up to $12,000 on your account by simply depositing. Bonus 50% can be withdrawn under the fulfillment of the condition that the trading volume [amount of bonus / 7] lots in the account. For example: deposit $1000 – received $500 of bonus, then the bonus can be withdrawn only if the customer gain by trading: 500 / 7 = 71 lots. Withdrawable can be able only the whole amount of the received bonus (except for bonus funds which are registered in the account after the Stop Out); the possibility of a partial withdrawal of the bonus is not available.

Prime Bonus: The new bonus from Atirox is a great opportunity to start trading on Forex. Your way to the world of the largest and most liquid market in the world, which has become the main source of stable income for many traders around the world. With a Prime Bonus of $1800, you will be able to evaluate our unsurpassed quality of execution of orders in real trading conditions without risk. Upon receipt of the bonus, this amount will be instantly credited to your account and is available for trading.

There are also a number of different contests taking place, each one has a different prize such as a Toyota car or a Honda motorcycle. You simply need to deposit and then fill in the application form to enter. Each has slightly different rules so be sure to check them out if you are interested in taking part.

Educational & Trading Tools

In terms of education and tools, there are some basic ones on offer, there are some calculators to that allow you to evaluate the potential profit or loss of their trade, compare the results of deals at various opening and closing prices, or receive information about the cost of pips in various trading instruments. The economic calendar contains information about when and for which country the reporting will be published, which allows you to build trading tactics based on the analytical forecast. Statistics are published at a fixed time (for example, on the second Friday of the month at 18.00). And it is at the time of the news release that the greatest volatility is observed in the financial markets.

Finally, there is some analytics, which looks at different aspects of the markets and analyzes them to see which ways the markets may move next, There is multiple analysis posted each day and it could be quite helpful to go along with the analysis you are doing yourself.

Customer Service

Atirox has made it simple and easy to get in contact with the people you need to, they have separated their contacts into various departments which are as follows.

Support Department:
Working Hours: 06:00 – 16:00 UTC
Tel: +60327112834
Email: support@atirox.com
Skype: atirox
Telegram: Atiroxbot

Partner Department:
Working Hours: 06:00 – 16:00 UTC
Email: partner@atirox.com

Public Relations Department:
Working Hours: 06:00 – 16:00 UTC
Email: pr@atirox.com

Finance Department:
Working Hours: 06:00 – 16:00 UTC
Email: finance@atirox.com

Demo Account

Demo accounts are available, you can sign up through a simple form, it is a free MetaTrader 4 account with real pricing, there is a balance of $10,000 in the account. It is not clear which of the accounts it mimics or if there is an expiration on the account. Demo accounts allow potential new clients to test out the servers and trading conditions while giving existing clients somewhere to test out their new strategies without risking any of their own capital.

Countries Accepted

The information about which countries are accepted and which are not is not present on the website, so if you are interested in joining, be sure to get in contact with the customer service team to check if you are eligible for an account or not.

Conclusion

Atirox has made it easy to find the information that you need, it is refreshing to see a broker laying out all the information needed in such an easy to find manner. The only bit of information that seemed to be missing (we may have missed it ourselves) is the withdrawal times, everything else is available in detail which is great to see. The trading conditions (apart from the Micro account) are very competitive and certainly make for good reading. Plenty of assets to trade as well as many different ways to deposit and withdraw, all without any added fees. Atirox certainly seems like a competent broker and one we would be happy to trade with.

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