Two brokers clash on regulation, cost structures, and platform choices. ATFX signals global legitimacy and breadth, while TPFx centers on MT5 plus a domestic Indonesian setup.
ATFX edges out TPFx on the editorial score, driven by top-tier regulation and a broader instrument universe.
Find out which broker best suits your trader profile.
Choose ATFX if…
Choose ATFX if you want top-tier regulation and investor compensation.
Choose TPFx if…
Choose ATFX for a 300-instrument offering and multilingual support. Choose TPFx if you want MT5 plus a proprietary platform. Choose TPFx for raw spreads and IDR funding with no negative balance protection.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
TPFx offers tighter spreads from 1.50 pips vs 1.80 pips for ATFX, reducing trading costs.
| Editorial score | 4.2/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 3.7 / 5 |
Pros
FCA (UK), CySEC (EU), and FSCA (SA) licensing
300+ instruments including ETF CFDs and bond CFDs
FSCS protection up to GBP 85,000 for UK clients
No minimum deposit, no inactivity fee
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ATFX | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
ATFX rates 4.2/5 versus 3.7/5 for TPFx. ATFX edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
TPFx starts from 1.5 pips, tighter than ATFX's 1.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
ATFX has no minimum deposit, while TPFx requires at least $60. This makes ATFX more accessible for traders with limited starting capital.
ATFX holds top-tier regulation (FCA, FSCA, CySEC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
ATFX stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
ATFX lists maximum leverage of 400:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
ATFX supports MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. ATFX has exclusive access to MetaTrader 4. TPFx has exclusive access to MetaTrader 5 and Proprietary Web/Mobile.
ATFX wins for safety and regulation with FCA, CySEC, FSCA licensing and segregated client funds.
ATFX suits active traders with broad 300-instrument access and strong regulatory oversight.
TPFx is better suited for scalpers: raw/ECN spreads available, tighter spreads from 1.50 pips.
TPFx wins for platform choice by offering MT5 alongside a proprietary platform.
ATFX is best for beginners with a $0 minimum deposit and solid regulation.
Fees & Spreads 30% weight | 3.8 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2017 | 2010 |
|---|
| Headquarters | London, United Kingdom | Jakarta, Indonesia |
|---|
| Min Deposit | No minimum▼ lower | $60 |
|---|
| Spreads From | 1.8 pips | 1.5 pips▼ lower |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 400:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA FSCA CySEC | BAPPEBTI OJK |
|---|
| Platforms | MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
MT4 only, no MT5, cTrader, or proprietary platform
Standard spreads from 1.8 pips are not ECN-competitive
Relatively young broker, founded 2017
No raw spread account option
Limited charting capabilities
Cons
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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