Forex Trading

ATFX ++ Trusted forex review & test 2023 Scam or not?

atfx reviews
atfx reviews

You should consider whether you can afford to take the high risk of losing your money. Please read the full risk disclosure on pages of our Terms of Business. ATFX is a broker that’s really committed to providing a safe trading environment. They have segregated accounts, meaning, client funds are separated from company funds. This assures us that they won’t be able to use funds of their clients for internal purposes.

You can also contact support via live chat in the bottom right corner of the page. Additionally, ATFX segregates client funds in trust accounts. Its custodian bank is Barclays Bank PLC. Holding client funds in segregated accounts ensures the funds are always separate from those of ATFX.

atfx reviews

The more you trade the broker can give you better spreads. ATFX is the forex/CFD brokerage arm of global financial group AT Group. From bank transfers to electronic wallets, you have many options for deposit and withdrawal, and they’re all free of charge. The product portfolio covers only forex, CFD and crypto. Email support is a bit slow, and ATFX’s research materials don’t include fundamental data. BrokerChooser gave ATFX a 3.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.

To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the ATFX offering. Each one of these is graded, and an overall score is calculated and assigned to the broker. Forex traders looking for a well-regulated broker should check the services offered by ATFX.

Mobile trading platform

A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. ATFX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. ATFX market orders are popular as they are a fast and reliable method of either entering or exiting a trade. Leading brokerages like ATFX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire ATFX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with ATFX.

Yield is therefore based on the ATFX purchase price of the bond as well as the coupon. Apple Macs and MacBooks can easily handle the most important requirements when using the ATFX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor , an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain.

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The ATFX trading platform is available for residents in CY. Some financial instruments ATFX offer may be restricted in your country. Account fees charged differ between ATFX and other brokers. An account is a fee that ATFX and other brokers assesses on all accounts for the ability to keep an account on their platform. ATFX is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better.

Payment Options

Moreover, you can even gain access to a vast collection of educational resources and assistive material to kickstart your trading expertise. Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Generally, ATFX does not charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, for example daily or weekly trading. ATFX are a trustworthy broker that has been trading for over 9 years.

As a result, ATFX profit is determined by the volume and number of transactions. ATFX earns revenue to fund their ATFX platforms and wide range of trading services through market spreads. When registering with ATFX you must check with regulatory body your ATFX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your ATFX account is over seen by. ATFX client funds are stored in segregated 3rd party bank account in accordance with ATFX financial regulators.

atfx reviews

This does not displace the fact that the platform is a good one on a general level. You can trade currencies , commodities, cryptocurrencies, indices, and shares by starting with a low amount of money. Knowing this, traders can trust the platform and confirm that the trading environment is truly safe and reliable as it looks. Education and market analysis are strong and spreads are relatively tight compared to other brokers of a similar type. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge. ATFX provides asocial trading servicethrough the MT4 desktop trading platform.

The broker showed potential in recent years, which is why we decided to test and review it. ATFX is a regulated broker with an innovative and proactive approach compared to other forex and CFD brokers in the industry. There are also many free automated trading robots, but many of them are scams and work with unregulated brokers, read more. My IB have been trading with ATFX for a long time, no slippage, great service and fast resolution. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Compare Brokers Similar To ATFX

Similarly to the web trading platform,ATFX provides only one-step login. During our test, we had to re-send our documentation to customer service. In the process, they reached out to us immediately, and after sending our documents, our account got validated almost instantly. However, our validation email was sent in Italian, which was surprising as our earlier discussion was in English.

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The inactivity fee is subjected to many conditions and should be revealed clearly by the agent beforehand. Even if no charges are implied by ATFX, it is best that you close the account if you’re inactive. Inactivity fees are not just charged by broker companies but also many financial services. But this doesn’t mean that online brokers don’t charge any fees.

For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency. Withdrawals fees vary between ATFX and ATFX alternatives depending on where you are located and how much money you are withdrawing. Many traders across the world select ATFX due to their services that are trading.

Minimum deposit

You can only deposit money from accounts that are in your name. To read much more details about the broker’s services and features, expand on the sections below. There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. Please always make contact with us via our contact page here.

  • It also includes the full flexibility of the Desktop platform plus advanced charting.
  • Yes, trading through ATFX is a pleasant and decent experience indeed.
  • If you would like to make profits, you should trade with a broker service that contrasts with your investing goals.
  • Stock traders on ATFX conduct significant study, frequently dedicating several hours every day to market monitoring using ATFX trading tools.
  • We also compared ATFX’s fees with those of two similar brokers we selected, XM and ETX Capital.

So the trading fees can be depending on your asset to trade. You can choose between the spread account or the commission account. The report shows sentiment figures related to small and large market participants.

ATFX offers a standard trading account, allowing ATFX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich ATFX trading platform. Online trading platforms like ATFX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with ATFX. The ATFX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using ATFX. ATFX comes with no fees for any deposits, and all methods support deposits in USD , EUR , and GPB . You may be charged with a small processing fee by your provider if it so happens that you’re using debit or credit cards outside the UK.

Let it be known that the good reviews here are orchestrated by ATFX and not to be followed. I will advise you believe your guts and avoid investing with ATFX. I requested a withdrawal, but they appeared to disregard my request, instead leading me through a number of numerous payment processes that denied me access to my money. I reported to scameye .net which confirmed and certified my doubts in ATFX. Apparently scameye have been receiving similar complaints from victims which they are passing across to the relevant authorities for a possible legal action. What was your trading experience like with the brokers at ATFX?

worst forex charts and tools

Most educational tools can be found under the ‘Education’ menu on the website. The news feeds are OK, focusing mainly on the movements of technical indicators. On the flip side, more complex news items, such as those covering major economic events, are missing. Technical indicators and other technical tools, such as trendlines or Fibonacci retracement. You can’t change the default leverage level of the products. FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021.

They offer trading on MT4, Mac, Web Trader, Tablet & Mobile apps which allow this. If your balance is unfavorable, ATFX suggests you contact client atfx review services. With this, you are able to fix any imbalances within your account. Any processing fees from your bank will have to be incurred by you.

Forex Trading

Annual General Meetings Extraordinary General Meeting India Delhi

class of shareholders

The particulars of any commission or brokerage paid or to be paid to any director or to the manager in connection with the issue or sale of shares or debentures of the company. The names, addresses and occupations of its directors and auditors and also of its manager and’ secretary, if any, and the changes which have occurred since the date of the incorporation. By quorum we mean the minimum number of the members who must be present at a meeting as required by the rules. In the absence of quorum the proceedings of the company cannot be started. Ghosh Any gathering, assembly or coming together of two or more persons for the transaction of some lawful business of common concern is called meeting.

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The secretary has to make an arrangement to dispatch dividend warrants to the shareholders. First AGM shall be held within 9 months of the closing of the first financial year of the company. It is mainly called to approve Annual Report, Auditor Report, Annual Accounts, to declare a dividend, to elect Directors, Auditors and to transact special business, if any. When a company is in financial difficulty it may call a meeting of creditors. Notice can be sent by registered post, if requested by the member, charges for the same is to be paid in advance. The notice must be given 21 clear days before the meeting to all those who are entitled to receive it.

In case of continuing default, a fine of Rs 5,000 per day is levied for each day during which the default continues. The ordinary business of the company will be passed by an ordinary resolution where the votes cast in favour are more than the votes cast against the resolution. If the meeting of the Board could not be held for want of quorum then unless the articles otherwise provide the meeting shall automatically stand adjourned till the same day in the next week and at the same time and place. Unless the articles of the company provide a definite period of notice, a reasonable notice must be given of the Board meeting.

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Thereafter subsequent Annual General Meeting should be held within 6 months of the closing of the financial year. The gap between two consecutive Annual General Meetings shall not be more than 15 months. Registrar of Companies may extend the time to conduct Annual General Meeting by further period of not more than 3 months.

They meet regularly to extraordinary meeting must be held every year and decide upon company matters, implementation of plans and review the progress made by the company. The Board of Directors has the right to call an Extra-Ordinary General Meeting by sending a proper notice to the shareholders. Extra Ordinary General Meeting is held between two Annual General Meetings under special circumstances.

It is a meeting which is called in between two Annual General Meetings under special circumstances, which cannot be postponed till the next Annual General Meeting. The matters discussed under this meeting is of utmost importance and urgent by nature. The notice must be given to all those who are entitled to receive it, at least 21 clear days in advance of the meeting.

TIME GAP BETWEEN TWO CONSECUTIVE MEETINGS- Not more than 15 months elapse between two AGM and the time limit of two consecutive board meetings are not more than 120 days but in case of EGM there is no time period requirement between two consecutive meetings. The term meeting is not codified under the companies act, the word meeting is defined as “assembly of people for a particular purpose, for formal discussion”. A company meeting can be defined as a concurrence or coming together of members in order to transact either ordinary or special business of company.

Further, the results of voting alongwith the scrutiniser’s report shall also be placed on the website of the company, in case of companies having a website and of the Agency, immediately after the results are declared. In case of a Government company, the Annual General Meeting shall be held at its registered office or any other place with the approval of the Central Government,asmayberequiredinthisbehalf. All General Meeting other than Annual General Meeting and statutory meeting are called ‘Extra ordinary General meeting’. The EGM is for transacting some special or urgent business which cannot be postponed till the next AGM.

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In such a case, he is treated as more than one Member present in person for the purpose of Quorum. However, to constitute a Meeting, at least two individuals shall be present in person. Thus, in case of a public company having not more than 1000 members with a Quorum requirement of five Members, an authorised representative of five bodies corporate cannot form a Quorum by himself but can do so if at least one more Member is personally present.

Meetings are a very important aspect of a company and play a very vital role in the growth of the company. The meetings hence hold a important place in a company’s business cycle it helps to communicate the goals of the company to its shareholders. When a Member requests in writing for a copy of any Minutes, which he is entitled to inspect, the company shall furnish the same within seven working days of receipt of his request, subject to payment of such fee as may be specified in the Articles of the company.

This is the presenting of an explanatory statement that contains all the details about why the meeting is being held, what issues it will address as well as its importance at the given point in time. It also contains relevant information that can help the members make prudent decisions on the matters discussed and voted on during the extraordinary general meeting. In simple terms, extraordinary general meetings can be understood as shareholder meetings that take place apart from the Annual General Meetings and at an irregular time. These extraordinary shareholders meetings are held by the company or organization to deliberate upon urgent and unexpected issues and are therefore deemed “extraordinary”.

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The scrutiniser so appointed may take assistance of a person who is not in employment of the company and who is well-versed with the e-voting system. 8.3 The facility for Remote e-voting shall remain open for not less than three days. WheretheChairmanhasentrustedtheconductofproceedingsinrespectofan item in which he is interested to any Non-Interested Director or to a Member, a personwhosotakestheChairshallhaveasecondorcastingvote.

Meeting Requirements of Companies as per Indian Companies

16.5.1 The postal ballot form shall be accompanied by a postage prepaid reply envelope addressed to the scrutiniser. 16.4.5 Each item proposed to be passed through postal ballot shall be in the form of a Resolution and shall be accompanied by anexplanatorystatementwhichshallsetoutallsuchfactsas would enable a Member to understand the meaning, scope andimplicationsoftheitemofbusinessandtotakeadecision thereon. 16.4.1 Notice of the postal ballot shall be given in writing to every Member of the company. Such Notice shall be sent either by registered post or speed post, or by courier or by e-mail or byanyotherelectronicmeansattheaddressregisteredwith thecompany. In case of a private company, the requisitioned meeting shall stand cancelled inaccordancewiththispara,unlessotherwiseprovidedintheArticles.

You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes.

To compute the amount payable by the company to creditors and contributors when a company goes into liquidation or adjudicated insolvent by the court. Section 8 Company is a company formed under the Companies Act, 2013 to promote art, science, commerce, research, re… 5) The manner in which the email addresses of members can be registered. Confiscation of books of accounts by the IT department, Serious and Fraud Investigation Cell or other government officials. For example, there is the sudden demise of a director due to which the limit of directors goes below the minimum requirement of directors. Non-readiness of the economic records due to natural calamity, loss of commercial data, and vacancy of directors.

2) The Director ‐ A director may call an EGM, and if they are called at a time and not in India, then the director capable of acting and appropriate numbers must be called for the quorum. A General Meeting of a Company may be called by giving not less than clear 21 days’ notice either in writing or through electronic mode. Such report shall be filed with the Registrar of Companies within thirty days of theconclusionoftheAnnualGeneralMeeting. 17.5.1 Minutes of a General Meeting shall be signed and dated by the Chairman of the Meeting or in the event of death or inability of that Chairman, by any Director who was present in the Meeting and duly authorised by the Board for the purpose, within thirty days of the General Meeting. In case a Meeting is adjourned, the Minutes in respect of the original Meeting as well as the adjourned Meeting shall be entered in the Minutes Book within thirtydaysfromthedateoftherespectiveMeetings.

Every general meeting of the company other than the annual general meeting or a statutory meeting is referred to as the extraordinary general meeting. An extraordinary general meeting can be conducted by giving a notice of 14 days if there is an urgent matter to be discussed and the directors of the company cannot postpone discussing the matter until the next annual general meeting. There is no requirement for a time gap between two consecutive extraordinary general meetings. Every general meeting (i.e. meeting of members of the company) other than the statutory meeting and the annual general meeting or any adjournment thereof, is an extraordinary general meeting. Such meeting is usually called by the Board of Directors for some urgent business which cannot wait to be decided till the next AGM. An explanatory statement of the special business must also accompany the notice calling the meeting.

Such instrument shall not be questioned on the ground that it fails to comply withanyspecialrequirementsspecifiedbytheArticlesofacompany. If a Proxy is appointed for more than fifty Members, he shall choose any fifty Membersandconfirmthesametothecompanybeforethecommencementof specified period for inspection. In case, the Proxy fails to do so, the company shallconsideronlythefirstfiftyProxiesreceivedasvalid.

If the Board fails to convene its Annual General Meeting in any year, any Member of the company may approach the prescribed authority, which may then direct the calling of the Annual General Meetingofthecompany. “Maintenance” meanskeepingregistersandrecordseitherinphysicalor electronicform,asmaybepermittedunderanylawforthetimebeinginforce, and includes the making of necessary entries therein, the authentication of suchentriesandthepreservationofsuchphysicalorelectronicrecords. “Articles” means the Articles of Association of a company, as originallyframed orasalteredfromtimetotimeorappliedinpursuanceofanypreviouscompany lawortheCompaniesAct,2013. This Standard is applicable to all types of General Meetings of all companies incorporatedundertheActexceptOnePersonCompanyandacompany licensedunderSection8oftheCompaniesAct,2013orcorrespondingprovisions of any previous enactment thereof. In case of default in holding the Annual General Meeting of the Company, the Company Law Board may, on an application by any member of the company, call or direct the calling of a General Meeting of the Company. Every Company must hold in each year a General meeting of the shareholders as its Annual General Meeting in addition to any other meeting in that year.

A certified exact copy of the board resolution has to be provided along with Form GNL-1 as an attachment. The exact cause for not holding AGM within the stipulated date and other important data has to be provided in Form GNL-1. File Form GNL-1 with the Registrar of Companies where the company is registered. In the case of electronic communication, the notice should be sent to the e-mail address of the member as per the records of the company. The notice can be text typed in an email or an attachment to an email. The notice of the AGM should be placed on the website of the company or any other website as may be mentioned by the government.


In other words, EGM can be held in case of any urgent matter and it can be called upon shorter notice normally of 14 days. As per S.167 of companies act if the company doesn’t organize an annual general meeting and subsequently a company member files an application for the issue, the regional director of the company law board can call for meeting and that can be counted as an annual general meeting. If the guidelines aren’t followed a fine can be imposed upon every responsible officer of the company, and the time frame for notice to call for the meeting is 21 days, but with the agreement of members who are entitled to vote the notice can be of shorter duration.

Must be held by every type of company, public or private, limited by shares or by guarantee, with or without share capital or unlimited company, once a year. Not more than 15 months must elapse between two annual general meetings. However, a company may hold its first annual general meeting within 18 months from the date of its incorporation.

  • NoticeshallprovidethedetailsabouttheloginIDandtheprocessandmanner for generating or receiving the password and for casting of vote in a secure manner.
  • This meeting is held every year within 9 months of closing of the financial year.
  • The meeting can be conducted on any day, which is not a national holiday, including holidays declared by the Central Government.
  • Confiscation of books of accounts by the IT department, Serious and Fraud Investigation Cell or other government officials.
  • Unless otherwise specified in the company’s Articles, the following number of members is required for a quorum.

8.1 Every company that is required or opts to provide e-voting facility to its Members shall comply with the provisions in this regard. Every Member entitled to vote on a Resolution and present in person shall, on a show of hands, have only one vote irrespective of the number of shares held by him. 7.5.1 Every Member holding equity shares and, in certain cases as prescribed in the Act, every Member holding preference shares, shall be entitled to vote on a Resolution. Every company, which has provided e-voting facility to its Members, shall alsoputeveryResolutiontovotethroughaballotprocessattheMeeting.

shorter notice

But where e-voting facility is being provided, notice cannot be sent through Ordinary Post. Issue Notice of Board Meeting to all the Directors of Company at their addresses registered with the Company, at least 7 days before the date of Board Meeting. NUMBER OF MEETINGS IN A FINANCIAL YEAR- One annual general meeting must be held in a year but the numbers of board meeting are at least 4 and there are no criteria for such number meeting in case of EGM.

In case of a private company, the voting by show of hands shall be in accordancewiththispara,unlessotherwiseprovidedintheArticles. In case of postal ballot such letter of appointment/ authorisation shall be submitted to the scrutiniseralongwith physical ballot form. 6.4.2 An authorised representative of a body corporate or of the President of India or of the Governor of a State, holding shares in a company, may appoint a Proxy under his signature. 5.3 In case of public companies, the Chairman shall not propose any Resolution in which he is deemed to be concerned or interested nor shall he conduct the proceedings for that item of business. In case of a private company, appointment of the Chairman shall be in accordance with this para, unless otherwise provided in the Articles. ThestipulationregardingthepresenceofaQuorumdoesnotapplywithrespect to items of business transacted through postal ballot.