Broker review · Checked 29 Oct 2026

ATFX review 2026: is ATFX legit in Kenya and South Africa?

ATFX has a Cape Town office and two FSCA-licensed companies: AT Global Capital Markets Africa (FSP 55142) and AT Global Markets SA, which ATFX says is an approved OTC derivative provider. Accounts can be in rand, the platform is MT5, and SA Shares reports no withdrawal fee. It is not licensed in Kenya.

🇰🇪 CMANot licensed
🇿🇦 FSCAFSP 55142
Minimum depositFrom about R100
M-PesaNot confirmed

By D. Kalburov, editor · Licence data from the CMA and FSCA registers · How we review brokers

Is ATFX regulated? Licence by country

🇰🇪 KenyaNot on the CMA register

Regulator: Capital Markets Authority (CMA)
Local company: Not yet verified
Licence number: —
M-Pesa: Not confirmed

🇿🇦 South AfricaFSCA licence FSP 55142

Regulator: Financial Sector Conduct Authority (FSCA)
Local company: AT Global Capital Markets Africa (Pty) Ltd
Licence number: FSP 55142

ATFX says a second company, AT Global Markets SA (Pty) Ltd (ATFX Connect), is licensed by the FSCA as an OTC derivative provider.

Source: aap.com.au, not yet checked on the register

Other ATFX group companies are supervised by FCA (UK), CySEC (Cyprus). Those licences only protect you if your account is with that company.

A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.

About ATFX

Head office: Cape Town office (group: London)

ATFX is a UK-founded group regulated by the FCA and CySEC among others. In South Africa it trades as ATFX Africa through AT Global Capital Markets Africa (Pty) Ltd and as ATFX Connect through AT Global Markets SA (Pty) Ltd, both at Portside Tower in Cape Town, per ATFX.

Who ATFX suits, and who should look elsewhere

Good fit if you

are in South Africa and want a ZAR account on MT5
want a broker with a local office

Look elsewhere if you

are in Kenya
need MT4 or a swap-free account

ATFX account types and minimum deposit

Account	Minimum deposit	Pricing
Standard	From about R100	No commission; spreads from about 0.6–1.0 pips
ECN	Higher (not published)	From 0.0 pips plus commission

From SA Shares (Sep 2026). Its own figures are inconsistent, so check ATFX's account page.

Leverage: Up to 1:500, per SA Shares.

ATFX fees: spreads, commission and other charges

Withdrawals	No ATFX fee, per SA Shares
Deposits	No ATFX fee; banks may charge
Swap-free account	Not offered

Work out the cost of a trade before you place it with our pip value and profit and loss calculators.

ATFX deposits and withdrawals in Kenya and South Africa

🇰🇪 Kenya

ATFX is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.

🇿🇦 South Africa

AT Global Capital Markets Africa (Pty) Ltd, FSP 55142.
AT Global Markets SA (Pty) Ltd: OTC derivative provider, per ATFX.
ZAR is a base currency.

M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.

ATFX trading platforms

Is your money safe with ATFX?

FSCA-licensed local companies; FCA and CySEC for other group companies.

ATFX pros and cons

Pros

Local Cape Town office
ZAR accounts
No withdrawal fee reported

Cons

MT5 only
No swap-free account
Not licensed in Kenya

Our real-money test of ATFX

Coming

We will open a ATFX account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.

ATFX withdrawal time: reports from traders

How long do ATFX withdrawals really take?

Loading reports…

Median of reports from traders. Not checked by us; our own tests are marked separately.

Withdrawal stuck or refused at ATFX? Get a ready complaint letter and the right regulator contact with our complaint desk →

ATFX: questions people ask

Is ATFX regulated in Kenya?

No. ATFX is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.

Is ATFX regulated by the FSCA in South Africa?

Yes. In South Africa, ATFX operates through AT Global Capital Markets Africa (Pty) Ltd, which holds FSCA licence FSP 55142. Check that this company is named on your client agreement, not an offshore company of the same brand. ATFX says a second company, AT Global Markets SA (Pty) Ltd (ATFX Connect), is licensed by the FSCA as an OTC derivative provider.

Is ATFX regulated in South Africa?

Yes. AT Global Capital Markets Africa (Pty) Ltd holds FSP 55142, per ATFX.

Sources for this review (checked 29 Oct 2026)

Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.