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Atiora Review 2024

Written By

William Berg

Written By

William Berg

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Fact Checked By

Tobias Robinson

Fact Checked By

Tobias Robinson

Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

» Tobias Robinson Profile Page

Updated

Jan 1, 2023

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Overall Rating

2.5 / 5

Atiora is #107 in our CFD broker rankings.

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Customer Reviews

Minimum Deposit $1

Trading Platforms MT4

Instruments Forex, CFDs, indices, commodities, cryptocurrencies

Regulators VFSC

Account Currencies

Payment Options Neteller, WebMoney, Visa, Western Union

Atiora Ltd is an ECN broker offering forex and CFD trading. Our review details the MT4 platform, payments, and how to open an account. Find out whether Atiora is safe and trustworthy.

Atiora Details

Atiora Limited was established in 2015 and is registered in St Vincent and the Grenadines with the Financial Services Commission. This broker does not appear to be regulated by a major financial authority but has clients across several regions including Asia, the Middle East, and Africa.

Trading Platforms

MetaTrader 4 (MT4)

To perform trades on the financial markets, clients of Atiora can use the MT4 platform to make trading easy. This software is industry-leading for forex trading and is ideal for both beginner and seasoned traders. Clients can utilise the following features:

• Multiple analytical functions
• Interactive real-time charts
• 85 pre-installed indicators
• MQL5 trading signals
• Secure login

Traders can also benefit from the following MT4 extensions, available directly from Atiora:

• Spread indicator
• One-click execution
• API technology for automated trading

WebTrader

MT4 is also available on any browser. The WebTrader provides a familiar interface for clients experienced with MT4 and is equipped with all the functionality of the downloadable platform.

Mobile App

MT4 provides a mobile trading solution through an app, available on both iOS and Android. This platform contains all the key features of the original MT4 software including one-click trading, trading history, and analytical tools.

Assets

A broad range of trading instruments are available at Atiora, including:

• Forex – 90+ currency pairs, 12 major pairs plus minors
• Spot metals – 6 instruments including gold, silver, platinum, and palladium
• Commodities – WTI and Brent crude oil, US natural gas
• CFDs – stock market indices such as the HK50 and UK100
• Cryptocurrencies – 9 crypto coins including Bitcoin and Dash

Our review was pleased to see that Atiora offers cryptocurrency trading and a long list of forex pairs, in addition to trading on less common metals such as palladium.

Trading Fees

Atiora advertises tight floating spreads on their instruments, such as 0.2 pips on the EUR/USD. However this is only achievable on their Pro account, where spreads start from 0.05 pips. Pro account holders pay a commission of $100 per million in return for these low spreads, and this may be the preferred structure for experienced traders to reduce volatility.

Crypto account holders pay a 0.15% commission on trades and can expect spreads from 5 pips. Commission-free accounts are available with spreads starting at 3 pips.

Our review found the Pro account to offer competitive spreads relative to other brokers, and a commission is to be expected with these low spreads and ECN trading. The spreads available for the other accounts are relatively high and beginners may find other brokers have a better spread offering.

This broker also charges an interest fee for overnight trading, though Atiora’s Islamic-friendly account negates this cost.

Leverage

Atiora has leveraged trading options. The maximum leverage available depends on the account type:

• Micro – 1:1000
• Classic – 1:500
• Crypto – 1:3
• Pro – 1:100

Payment Methods

Deposits

Minimum deposits vary depending on the account you open:

• Micro -$1
• Classic – $50
• Crypto – $10
• Pro – $1000

Atiora rates well in our review for its ultra-low minimum deposit offering on its Micro account, making trading accessible. The broker also has a secure payment interface for clients to make their deposit and accepts funding via wire transfer, Visa/Mastercard, and digital wallets such as Neteller and WebMoney. Processing time is up to 1 business day for wire transfer, several hours for credit cards, and most digital wallet transfers are instant.

Withdrawals

Atiora clients have the same payment options for withdrawal, which take up to three days to process. Commission is also charged on withdrawals and is around 3% for most payment methods. The minimum that can be withdrawn from a trading account is $10.

Demo Account

Prospective clients can open a demo account with Atiora. The 30-day practice trading account comes equipped with $50,000 in virtual funds, allowing traders to test their skills in the financial markets before committing capital.

Atiora puts on a ‘Non-stop Trading’ contest for its demo account holders, in which participants start with $5,000 and the trader with the highest balance growth after one month is the winner. Another contest called ‘Quarter Champion’ runs quarterly with a prize fund of $5,000 and goes to the trader with the highest profitability. These contests are free to take part in.

Bonuses & Promos

50% Deposit Bonus

A 50% deposit bonus is available when you open a new account at Atiora. Clients can use this promotion multiple times, which is activated upon each deposit. Check bonus terms and conditions before you use bonus credit freely.

Payback Program

Atiora also offers a scheme in which active clients can gain spread and commission rebates on each trade. The size of the refund depends on the account type and is not offered with the Crypto solution. A minimum $50 deposit is required to participate in this program.

Rewards Program

This broker also has a Rewards Program that gives clients loyalty points for trading – for example, trading 1 lot of EUR/USD accrues 20 points. These points can be exchanged for gifts on the client’s account page.

Trading Contests

A monthly contest called ‘Best of Scalpers’ is offered by Atiora with a prize of $1,000. The cash prize is awarded to the trader who gains the most profit from scalping or through the use of Expert Advisors (EAs) in real accounts. A monthly contest with a prize of $2,500 called ‘Chasing Mavericks’ is also available, and goes to the trader that maximises profits and executes the least losing trades. An initial deposit of $100 is required for both contests.

Regulation

The company is registered with the Financial Services Commission in St Vincent and the Grenadines. As Atiora Ltd is not regulated by a major financial authority our review cannot recommend trading due to trust concerns. Our review was also concerned by some negative reviews and ratings online.

Despite this, Atiora advertises negative balance protection and that clients can trust their funds are safe through the use of segregated bank accounts.

Additional Features

Clients get access to several additional features that are useful for traders of all experience levels:

• Forex and margin calculators
• Economic and holidays calendars
• Breakdown of trading sessions by financial centre
• Additional investment opportunities such as Percent Allocation Management Module (PAMM) accounts

Atiora Accounts

Prospective traders can sign up with Atiora from just $1 with the Micro account. This account offers the highest leverage ratios and is commission-free. Their Classic account requires a higher deposit and offers lower leverage but is also commission-free. Atiora charges commissions on their Pro account, which has a high minimum deposit and a minimum lot size of 0.1, and also on their Crypto account, where spreads start from 5 pips.

Benefits

Trading with Atiora has several advantages:

• Promotions, bonuses and contents
• Broad range of trading instruments
• Competitive tight spreads
• $1 minimum deposit

Drawbacks

Downsides to registering for an account include:

• Poor regulatory status
• Negative online reviews

Trading Hours

The Atiora site is open 24/7 for clients to login, however users can only trade when the markets open. A schedule of trading sessions in respective time zones is available from the broker’s website.

Customer Support

Atiora offers a live chat team for online support. However, our review was not able to reach an agent using this function. Clients can also use the following channels:

• Telephone – +44 8000 988085
• Email – support@atiora.com (available 25/7 in six languages)
• Skype – atiora.support

Security

Atiora states it’s committed to securing client’s personal and financial data. However, it’s unclear what measures are taken to secure sensitive information. Fortunately, the MT4 platform and available payment methods do use secure encryption and login protocols.

Atiora Verdict

Atiora is a relatively new forex ECN broker with MT4 platform integration. Clients can open an account with $1, or they can opt for the Pro account for the tightest spreads. This broker also offers several promotions, a demo account, and contests that are free to enter. However, Atiora does not appear to be regulated by a major financial authority which may deter some traders.

Top 3 Alternatives to Atiora

Compare Atiora with the top 3 similar brokers that accept traders from your location.

1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
   Go to IG
2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
   Go to World Forex
3. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers

Atiora Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Atiora and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Atiora vs Other Brokers

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FAQ

Is Atiora a trustworthy broker?

Atiora is not licensed with a respectable regulatory agency which is a safety concern. Many scams are often registered in Saint Vincent & the Grenadines so we would recommend caution.

How much capital do I need to trade with Atiora?

Atiora offers a very low starting deposit of just $1. However, clients may wish to deposit more to gain access to tighter spreads and to participate in the broker’s promotions and contests.

What platform does Atiora use?

Atiora offers MT4 integration, a market-leading platform for executing trades. Traders can utilise the full suite of MT4’s capabilities including technical analysis, interactive charting, automatic and copy trading.

Does Atiora offer a demo account?

Atiora’s demo account lasts for 30 days and comes with $50,000 virtual funds to help clients practice forex trading before they open a live account. There are also demo contests where traders can win prizes with no financial commitment.

Does Atiora offer promotions or bonuses?

At present, Atiora offers a 50% deposit bonus promotion and a payback program where traders get refunded for each trade they make. This broker also has a loyalty scheme where clients can accrue points as they execute positions.