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AtossaCapital

WikiFX
| 2023-06-29 18:04

Abstract:AtossaCapital, also known as Atossa Financial Services (Pty) Ltd, is a financial institution based in South Africa. It claims to be regulated by the South Africa Financial Sector Conduct Authority (FSCA) under license number 52305, although there are suspicions that the license may be invalid or a clone. AtossaCapital offers a diverse range of trading instruments, including over 2,100 assets such as foreign exchange (FX), Contracts for Difference (CFDs), stocks, and commodities. They provide different account types, including Standard and ECN accounts, with leverage of up to 1:500. The trading platforms available are MetaTrader 4 and MetaTrader 5. AtossaCapital offers a demo account for practice trading without the need for a deposit. Customer support is available through email, phone, and a contact form on their website. Withdrawals can be made through local bank transfers, Skrill, and Neteller.

Aspect Information
Registered Country/Area South Africa
Founded Year 1-2 years
Company Name Atossa Financial Services (Pty) Ltd
Regulation Suspicious Regulatory License (Clone)
Minimum Deposit $100
Maximum Leverage Up to 1:500
Spreads FX: Starts from 0.2 pips, CFDs: Starts from $0.99, Stocks: $0.30 per share, Commodities: Starting from $0.30, 0.0 pips for Standard account,1.6 pips for ECN account
Trading Platforms MetaTrader 4 and MetaTrader 5
Tradable Assets Over 2,100 assets including FX, CFDs, stocks, and commodities
Account Types Standard Account, ECN Account
Demo Account Available, offering a virtual currency balance of $10,000 USD
Islamic Account Information not provided
Customer Support Email (help@atossacapital.com), Phone (+27 (0) 87 012 6065), Contact Form
Payment Methods Local bank transfers, Skrill, Neteller
Educational Tools Information not provided

Overview of AtossaCapital

AtossaCapital, also known as Atossa Financial Services (Pty) Ltd, is a company registered in South Africa. It claims to be regulated by the South Africa Financial Sector Conduct Authority (FSCA) under license number 52305. However, there are indications that the regulatory license may be suspicious or invalid. It is advisable to exercise caution when dealing with this institution due to the uncertain regulatory status.

The company offers a wide range of tradable assets, including over 2,100 instruments such as FX, CFDs, stocks, and commodities. Traders can access major, minor, and exotic currency pairs, as well as precious metals in the FX market. AtossaCapital provides e spreads for FX starting from 0.2 pips and offers CFDs on various markets, including stocks, indices, and commodities. The zero commission structure may help traders participate in equity markets as well.

AtossaCapital provides different account types, including the Standard Account and ECN Account. The Standard Account offers access to interbank spreads and liquidity without any commission charges. The ECN Account features ultra-thin spreads and potential zero pips, with leverage of up to 1:500. Both account types come with features like negative balance protection, and fast withdrawals.

The company supports the MetaTrader 4 and MetaTrader 5 trading platforms, which are widely used and provide tools for informed trading decisions. Customer support can be reached through email, phone, or a contact form on the website. AtossaCapital maintains an active presence on social media platforms, potentially providing additional channels for support.

basic-info

Pros and Cons

AtossaCapital offers several advantages, including a wide range of market instruments and access to over 2,100 assets for trading. They provide low spreads commissions, as well as multiple account types to suit different trading preferences. Additionally, they offer a demo account for practice trading and support the popular MetaTrader 4 and MetaTrader 5 platforms. However, there are certain drawbacks to consider. The regulatory status of AtossaCapital is uncertain, and there are suspicions regarding the legitimacy of their regulatory license. Information on an Islamic account and educational tools is lacking, and there is limited transparency on withdrawal methods and minimum deposit requirements. There is also a lack of clarity on leverage options and customer support availability. Additionally, there is limited information available on the company's background and founding year.

Pros Cons
Wide range of market instruments Uncertain regulatory status
Access to over 2,100 assets Suspicious regulatory license
Spreads from 0 and low commissions Lack of information on Islamic account and educational tools
Multiple account types available Limited information on withdrawal methods and minimum deposit
Demo account for practice trading Lack of clarity on leverage options and customer support availability
Availability of MetaTrader 4 and MetaTrader 5 platforms Lack of transparency on company background and founding year

Is AtossaCapital Legit?

AtossaCapital, specifically Atossa Financial Services (Pty) Ltd, is claimed to be regulated by the South Africa Financial Sector Conduct Authority (FSCA) under license number 52305. However, there are indications that this claim may be suspicious and that the license could be a clone or invalid. The regulatory status of AtossaCapital is uncertain and it is advised to exercise caution when dealing with this institution.

regulation

Market Instruments

Atossa Capital offers a wide range of market instruments, providing traders with access to over 2,100 assets to trade. These instruments cover various financial markets, including foreign exchange (FX), Contracts for Difference (CFDs), stocks, and commodities.

FX: Atossa Capital offers a diverse range of trading instruments in the foreign exchange (FX) market. Traders can access a wide selection of assets, including 182 FX spot pairs and 140 forwards. These instruments cover major, minor, and exotic currency pairs, as well as precious metals. Atossa Capital provides low spreads, with spread values as low as 0.2 pips.

CFDs: Atossa Capital offers Contracts for Difference (CFDs) as trading instruments. With over 9,000 instruments available, traders can go long or short on a variety of assets. The CFDs cover multiple markets, including stocks, indices, commodities, and more. Atossa Capital provides low spreads and commissions for CFD trading.

Stocks: Atossa Capital provides access to a broad range of stocks across both core and emerging markets. Traders can choose from over 19,000 stocks listed on 36 exchanges worldwide. Atossa Capital offers zero commissions per share.

Commodities: Atossa Capital offers various instruments for trading commodities. Traders can engage in the commodity markets through CFDs, futures, options, spot pairs, and more. Atossa Capital provides spreads starting from $0.3, enabling traders to participate in the price movements of commodities such as precious metals, energy resources, agricultural products, and other commodities.

market-instruments
Pros Cons
Wide range of market instruments Uncertain regulatory status
Access to over 2,100 assets Some instruments have higher spreads than others
Various financial markets covered Some commodities may have higher spreads than others
Diverse range of FX trading instruments Some stocks may have higher spreads than others
Large selection of stocks Commissions may be charged for some instruments
Zero commissions on stocks Lack of clarity on leverage options
Opportunities in commodity trading

Account Types

Standard Account:

The Standard account offered by AtossaCapital provides access to Interbank spreads and liquidity without any commission charges. Traders can benefit from floating spreads starting from 1.6 pips and leverage of up to 1:500. The account utilizes the MT4 and MT5 trading platforms (under process) and includes features such as negative balance protection. Additionally, clients have the advantage of zero commissions, access to multiple markets, and the potential to use Expert Advisors for trading strategies.

account-types

ECN Account:

AtossaCapital's ECN account is a new offering that features ultra-thin spreads, including the possibility of zero pips. With the ECN account, traders can enjoy Atossa's no re-quotes execution policy. The account provides leverage of up to 1:500 and supports trading in over 55 currency pairs, as well as gold and silver. The MT4 and MT5 trading platforms (under process) are available for Windows, Mac, iPhone, iPad, and Android devices. Similar to the Standard account, the ECN account also includes negative balance protection, fast withdrawals, zero commissions, and access to multiple markets.

account-types

Demo Account:

AtossaCapital offers a Demo account that allows traders to practice trading without the need for a deposit and with no risk involved. This account aims to provide a safe environment for traders to familiarize themselves with the online trading market. With a virtual currency balance of $10,000 USD, traders can simulate real trading conditions and test various trading strategies. The Demo account also grants access to educational resources and the MT4 trading platform (under process), along with its functionalities. Traders can gain confidence and improve their skills by experimenting with different instruments and trading strategies. The Demo account offers floating spreads similar to the Standard and ECN accounts, leverage of up to 1:500, fast withdrawals, zero commissions, and access to multiple markets.

account-types
Pros Cons
Floating spreads starting from 1.6 pips Spreads can widen during volatile market conditions
Leverage of up to 1:500 Leverage can be risky for inexperienced traders
MT4 and MT5 trading platforms Platforms can be complex for beginners
Negative balance protection Not all accounts are eligible for negative balance protection
Zero commissions Withdrawals may be delayed during peak trading hours
Funds are not insured by a financial regulator

Leverage

AtossaCapital provides leverage options across different trading instruments. Their ECN account offers leverage of up to 1:500, allowing traders to amplify their positions and potentially increase their trading potential.

Spreads & Commissions

The Standard account offers floating spreads from 1.6 pips and zero commissions. Atossa Capital's ECN account offers zero pips spreads.

In the FX market, traders can benefit from spreads as low as 0.2 pips, while CFDs have spreads starting from $0.99 with zero commissions. For stocks, there is a charge of $0.30 per share with no commissions, and commodities have spreads starting from $0.30 with zero commissions as well. The Standard account offers floating spreads from 1.6 pips and zero commissions. Atossa Capital's ECN account offers zero pips spreads.

Minimum Deposit

Atossa Capital offers a minimum deposit requirement of just $100, making it accessible to a wide range of investors

Withdrawal

Atossa Capital allows clients to withdraw funds from their accounts during weekdays from 9am to 5pm, GMT +2 (South African Standard Time). Withdrawal requests are typically processed within 24 to 48 hours.

For local bank transfers, the timeframe for receiving funds may vary depending on the bank being used, with the process typically taking up to two days. However, if Standard Bank is the chosen bank, clients can expect to receive their payment on the same day.

Atossa Capital does not impose fees for withdrawals to local banks. However, a 2% fee is applied to withdrawals made through other methods such as Skrill and Neteller. When processing international payments or withdrawals in other currencies, Atossa Capital automatically converts them to the live rate of their MT4 trading servers at the time of withdrawal. This ensures that clients receive funds at the prevailing exchange rate.

Atossa Capital strictly prohibits third-party withdrawals. Payments are only accepted if they are made in the name matching the Atossa Capital trading account. In the event that a third-party funding is received, it will be refunded to the third party after undergoing a thorough verification process, and associated costs will be borne by the third party.

Withdrawal methods: Local bank transfers, Skrill,Neteller

Pros Cons
Withdrawals processed within 24 to 48 hours 2% fee for withdrawals made through other methods such as Skrill and Neteller
No fees for withdrawals to local banks Third-party withdrawals are prohibited
Funds received at the prevailing exchange rate Withdrawal requests must be made during weekdays from 9am to 5pm, GMT +2 (South African Standard Time)

Trading Platforms

Atossa Capital offers two trading platforms: MetaTrader 4 and MetaTrader 5. Both platforms are powerful and feature-rich, providing traders with the tools they need to make informed trading decisions.

MetaTrader 4 is the more established platform, and is used by millions of traders worldwide. It offers a wide range of features, including charting, technical analysis, and automated trading. MetaTrader 5 is the newer platform, and offers some additional features, such as support for multiple asset classes.

Both platforms are available for desktop and mobile devices. The mobile apps are well-designed and easy to use, making it easy to trade on the go. The mobile platform is available for both Android and iOS devices.

trading-platform
Pros Cons
Two powerful and feature-rich platforms Only two platforms available
Mobile apps are well-designed and easy to use MetaTrader 5 is newer and has some additional features
Wide range of features, including charting, technical analysis, and automated trading Platforms can be complex for beginners
Mobile platform is not available for all devices

Customer Support

Customer Support at Atossa Capital is easily accessible through multiple channels. Customers can reach out to them by filling out a contact form on their website, and they ensure prompt replies to inquiries. Atossa Capital has two office locations, one in Cape Town and another in Sandton, providing local points of contact for customers in South Africa.

For general support, customers can contact Atossa Capital via email at help@atossacapital.com or by calling +27 (0) 87 012 6065. Additionally, Atossa Capital maintains an active presence on various social media platforms, including Facebook, Twitter, LinkedIn, Instagram, and Pinterest. This suggests that customers can also engage with the company and potentially seek support through these channels.

customer-support

Conclusion

In conclusion, AtossaCapital, operating under Atossa Financial Services (Pty) Ltd, claims to be regulated by the South Africa Financial Sector Conduct Authority (FSCA). However, there are indications that the regulatory license may be suspicious or invalid. Traders should exercise caution when dealing with this institution due to the uncertain regulatory status. AtossaCapital offers a wide range of market instruments, including over 2,100 assets in FX, CFDs, stocks, and commodities. The company provides low spreads, starting from 0.2 pips for FX, $0.99 for CFDs, and $0.30 per share for stocks and commodities. They offer two account types: Standard and ECN, with features like negative balance protection and fast withdrawals. Traders can access educational resources and practice trading using the Demo account. AtossaCapital provides leverage of up to 1:500, and clients can withdraw funds through various methods, including local bank transfers, Skrill, and Neteller. The company offers the popular MetaTrader 4 and MetaTrader 5 trading platforms for desktop and mobile devices. Customer support can be reached through email, phone, or a contact form on their website. Overall, considering the uncertainties regarding regulation, potential clients are advised to proceed with caution and conduct thorough research before engaging with AtossaCapital.

FAQs

Q: Where is AtossaCapital registered?

A: AtossaCapital is registered in South Africa.

Q: How long has AtossaCapital been in operation?

A: AtossaCapital has been in operation for 1-2 years.

Q: What is the company name of AtossaCapital?

A: The company name of AtossaCapital is Atossa Financial Services (Pty) Ltd.

Q: Is AtossaCapital regulated?

A: AtossaCapital claims to be regulated by the South Africa Financial Sector Conduct Authority (FSCA) under license number 52305. However, there are suspicions about the legitimacy of this claim and the license may be a clone or invalid.

Q: What is the minimum deposit required by AtossaCapital?

A: The minimum deposit required by AtossaCapital is $100.

Q: What is the maximum leverage offered by AtossaCapital?

A: AtossaCapital offers a maximum leverage of up to 1:500.

Q: What trading platforms are available at AtossaCapital?

A: AtossaCapital offers MetaTrader 4 and MetaTrader 5 as trading platforms.

Q: What types of accounts are offered by AtossaCapital?

A: AtossaCapital offers Standard Account and ECN Account.

Q: Does AtossaCapital provide a demo account?

A: Yes, AtossaCapital offers a demo account with a virtual currency balance of $10,000 USD.

Q: What are the available payment methods at AtossaCapital?

A: AtossaCapital accepts local bank transfers, Skrill, and Neteller.

Q: Does AtossaCapital provide customer support?

A: Yes, AtossaCapital provides customer support via email, phone, and a contact form on their website.

Q: What are the tradable assets offered by AtossaCapital?

A: AtossaCapital offers over 2,100 assets including FX, CFDs, stocks, and commodities.

Q: Does AtossaCapital offer Islamic accounts?

A: Information about Islamic accounts is not provided.

Q: What are the withdrawal methods at AtossaCapital?

A: AtossaCapital supports local bank transfers, Skrill, and Neteller for withdrawals.

Q: Are there fees for withdrawals at AtossaCapital?

A: AtossaCapital does not impose fees for withdrawals to local banks, but a 2% fee applies to withdrawals made through Skrill and Neteller.

Q: What are the trading platforms offered by AtossaCapital?

A: AtossaCapital offers MetaTrader 4 and MetaTrader 5 as trading platforms.

Q: How can I contact customer support at AtossaCapital?

A: You can contact AtossaCapital's customer support through email, phone, or by filling out a contact form on their website.

Q: Does AtossaCapital have a physical office?

A: Yes, AtossaCapital has office locations in Cape Town and Sandton, providing local points of contact in South Africa.

Q: Can I engage with AtossaCapital on social media?

A: Yes, AtossaCapital maintains an active presence on various social media platforms including Facebook, Twitter, LinkedIn, Instagram, and Pinterest.

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