What is Atlas Capital？
Atlas Capital is a relatively new player in the financial services industry, having been founded in 2021 and registered in the United Arab Emirates. It offers a range of trading instruments, including shares, forex, indices, and commodities, and provides a demo account for traders to practice before committing to real funds. Clients can access the markets through the popular MetaTrader 5 and Webtrader platforms. However, while Atlas Capital claims to offer low spreads and no commissions, they do not provide specific details about these costs. Furthermore, Atlas Capital operates without any effective regulation.
Pros & Cons
Pros:
Diverse Trading Options: Atlas Capital boasts a varied selection of instruments, catering to traders interested in shares, forex, indices, and commodities.
Demo Account Availability: A valuable tool for beginners and experienced traders alike, the demo account allows you to test the waters with virtual funds before risking real capital.
Popular Platforms: Atlas Capital utilizes the widely recognized MetaTrader 5 and Webtrader platforms. This familiarity and intuitive interface can ease the transition for traders accustomed to these platforms.
Cons:
Unregulated: The biggest red flag is the complete lack of regulation. This absence of oversight suggests risks to the safety of your funds and the fairness of their practices.
Opaque Fee Structure: The lack of transparency regarding fees and costs is troubling. Hidden charges can significantly eat into your profits and make it difficult to accurately assess the true cost of trading with Atlas Capital.
Limited Opening Time: Atlas Capital has limited hours of operation, which is inconvenient for traders in certain time zones.
Is Atlas Capital Safe or a Scam？
It is difficult to definitively classify Atlas Capital as safe or a scam. However, there are several red flags you should be aware of.
The biggest red flag is the lack of regulation. This means your funds are not protected under any regulatory framework, leaving you vulnerable in case of disputes or issues. Additionally, Atlas Capital is a relatively new player, established in 2021, lacking the track record and experience of established, regulated brokers. Furthermore, their fee structure is opaque. While they claim low spreads and no commissions, the absence of specific details leaves room for hidden charges that could significantly impact your profitability.
Market Instruments
Atlas Capital offers access to a wide range of market instruments, providing you with the opportunity to build diverse portfolios and potentially profit from different market sectors.
Shares: You can access over 2000 companies across various sectors, including Big Tech, fashion, healthcare, and consumer goods.
Forex: Atlas Capital offers access to minors, majors, and exotic currency pairs in the forex market. Forex trading involves exchanging one currency for another.
Indices: You can access over 20 global indices, which provide a broader perspective on entire market sectors.
Commodities: Atlas Capital offers over 15 global commodities for trading, including gold, oil, natural gas, copper, and coffee.
Account Types
Atlas Capital offers three account types: Demo, Premium, and Swap-Free.
Demo Account:
This account allows for practice trading with $100,000 in virtual funds, providing an opportunity to trade in real market conditions without any risk.
Premium Account:
The premium account offers quick and secure account opening and funding processes. It features low spreads for instruments on any of Atlas Capital's platforms, negative balance protection, and leverage up to 1:300.
Swap-Free Account:
The swap-free account is designed for traders who prefer to avoid fees charged for overnight positions. Open trades in this account won't have an expiry date, providing flexibility for traders who hold positions for longer periods.
Leverage
Atlas Capital provides traders with leverage of up to 1:300 for its Premium Account. Leverage is a powerful tool that allows traders to control larger positions in the market with a relatively small amount of capital. For example, with leverage of 1:300, a trader can control a position worth $30,000 with just $100 in their trading account.
Atlas Capital's leverage offering of up to 1:300 can provide traders with the opportunity to maximize their trading potential. While leverage can amplify profits, it also increases the risk of losses.
Spreads & Commissions
Atlas Capital claims to offer low spreads across a wide range of financial instruments, including shares, forex, indices, and commodities. Low spreads are advantageous for traders as they reduce the cost per trade, allowing traders to retain more of their profits. In the forex market, Atlas Capital claims no commissions when opening positions. This no-commission policy extends to trading indices and commodities as well, providing further cost savings for traders.
However, there are no data details about spreads and commissions.
Trading Platforms
Atlas Capital provides traders with access to the MetaTrader 5 (MT5) platform and Webtrader, offering a comprehensive trading solution for investors of all types.
One of the key features of the MT5 platform and Webtrader is the advanced set of technical analysis tools. These tools provide traders with the information they need to build effective trading strategies and make informed decisions in the market.
Deposits & Withdrawals
Atlas Capital offers the convenience of accepting deposits in all global currencies, making it easier for traders around the world to fund their accounts without the need for currency conversion. Additionally, account funding can be done using credit or debit cards, providing a simple and secure way for traders to add funds to their trading accounts.
Opening Hours
Atlas Capital operates from 9:00 AM to 6:00 PM on Monday, Tuesday, Wednesday, Thursday, Saturday, and Sunday. These hours provide traders with ample time to access the markets and manage their investments throughout the week. However, the company is closed on Fridays.
Customer Service
Atlas Capital offers customer support through multiple channels to assist traders with their queries and concerns.
Phone: You can reach customer support by calling +97145761222 during business hours.
Email: For non-urgent inquiries or support, you can contact Atlas Capital via email at info@atlascapital.info.
Contact Form: You can use the contact form on the Atlas Capital website to submit your queries or requests, and a representative will respond accordingly.
Additionally, the company address is Office No. 1108, Westburry Tower 1, Marasi Drive Street Business Bay (P.O. Box: 283730, Dubai - UAE). You can also go there or mail a letter to get assistants.
Conclusion
While Atlas Capital offers a few advantages, such as diverse market instruments, the available demo account, and so on, the significant risks associated with its lack of regulation, and opaque fee structure make it a highly speculative and dangerous choice for you. It's strongly recommended to prioritize the security of your funds and seek out well-established, regulated brokers with clear fee structures before venturing into online trading.
Frequently Asked Questions (FAQs)
Q: Is Atlas Capital regulated？
A: No.
Q: What trading instruments does Atlas Capital offer？
A: Atlas Capital offers a variety of trading instruments, including shares, forex, indices, and commodities.
Q: Does Atlas Capital offer a demo account？
A: Yes.
Q: What is the maximum leverage offered by Atlas Capital？
A: Atlas Capital offers leverage of up to 1:300.
Q: What trading platforms does Atlas Capital offer？
A: MetaTrader 5 (MT5) and Webtrader.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-03-09 14:23
