ATC Brokers is an international forex broker. It was established in 2012 in London and has since established itself as a credible broker. The firm is regulated by the Financial Conduct Authority (FCA) in UK and the Cayman Islands Monetary Authority (CIMA).
The target audience for ATC Brokers consists of top liquidity providers and for this reason, the firm uses an STP model. The firm’s services cover both, amateurs and experts and for this reason ATC Brokers constantly tries to incorporate new and innovative technological methods into its systems. The firm operates on a transparent model and focuses on providing efficient customer service. The availability of the customer support staff on a 24/7 basis is proof of how much the firm focuses on providing the best possible experience to the customer.
In this review we will cover all aspects of trading through ATC Brokers which includes the platforms they offer, their regulations, pricing and various other factors that need to be taken into consideration before shortlisting a broker.
ATC BROKERS OVERVIEW:
- Narrow spreads
- Multi-account manager
- Multiple product offerings
- Excellent customer support
- Low charges
- Strictly regulated
- Availability of demo account
COMPANY PROFILEATC BROKERS:
Established in 2012, ATC Brokers started operations in London from where it grew on to Cayman Islands and started attracting an international audience. The initial idea behind the firm was to build a platform where trading activities could be carried out in a transparent manner. Unlike some of its competitors, ATC Brokers does not act as a counterparty to its clients. Instead, the firm operates on an agency model and utilizes ECN aggregation, coupled with market competitive rates.
To further enhance its credibility, ATC Brokers handles its funds through top-tier banks. It is regulated by two bodies; the Financial Conduct Authority (FCA) and the Cayman Islands Monetary Authority (CIMA). Since the audience of the firm isn’t limited, therefore in order to cater to the diverse needs of its clients, the firm utilizes multiple products to enable FX, Metal and CFD trading and devises a wide range of solutions to tackle issues faced by its clients. The firm also allows multiple trading and makes use of MAM accounts for this. Despite some areas where ATC Brokers hasn’t excelled, it is a safe trading choice for beginners and professional traders.
ATC BROKERS REGULATIONS:
As mentioned above, the Financial Conduct Authority (FCA) looks into the broker’s activities. The FCA authorized ATC Brokers to carry out trading activities and registered the company under the number 591361. In addition to the FCA, CIMA is one of the main regulators for the firm. CIMA has set in place high standards of security and strict protocols that ATC Brokers needs to abide by in order to continue trading and has allowed the company to trade under the
CIMA has been regulating businesses in the financial sector for a while now and was established to safeguard the reputation of the Cayman Islands as a safe and reputable International Financial Centre. CIMA carries out its regulation activities through its team of highly skilled professionals and innovative technology. The regulatory bodies have made it mandatory for ATC Brokers to collect funds in segregated accounts in top-tier banks in order to further increase security.
Keeping in line with the rules and regulations imposed on the firm, ATC Brokers is eligible to carry out trading activities in Australia, Canada, Thailand, US, UK, South Africa, Hong Kong, Singapore, India, France, UAE and several other countries.
ATC BROKERS TRADING PLATFORMS:
ATC Brokers offers an amazing trading platform which is aimed at simplifying the trading process for customers while incorporating high-end technology into its system. Here are all the things you need to know the trading platform offered by ATC Brokers. This platform is compatible with all android, iOS and Windows devices thus allowing trading on the go.
1. METATRADER 4 PLATFORM:
The industry standard MT4, apart from being extremely popular, uses a user-friendly and powerful interface, alongside an ECN execution model. This diversifies the demographic that can be targeted as the ECN model caters to a wide set of trading styles.
ATC Brokers has used the MT Pro software in its MT4 platform which makes it more feasible. The addition of MT Pro gives clients the option to reverse or close all open positions and cancel all orders that have been left on pending. It filters out active buy pending order and active sell pending order and provides information about the cumulative pending orders. Other features include a trailing stop, customized bracket orders, information about current market speed and customized strategy orders.
Furthermore, MT Pro provides details about trades and the status at which they closed i.e., if they won, lost or made a break-even. It also provides automated equity and account balance curves and historical profit and loss curves that help in analyzing prevailing trends in the market and past trading trends.
ATC BROKERS DEMO ACCOUNT:
ATC Brokers offers free demo accounts for its clients who want to learn the ins and outs of trading before they dive into the real trading world. This demo account is valid for 20 days after which clients are expected to switch to a Live trading account and trade with their real capital instead of the virtual funds that are deposited into the demo account.
The idea behind this demo account is to provide a risk-free environment for clients with $100,000 available in virtual funds. The features of this demo account are somewhat similar to those of a Live account and contains some educational and research tools that can help in educating clients about trading and financial markets. Through its demo account, ATC Brokers provides its clients with a real-time simulation by giving access to live market pricing.
ATC Brokers – Open Trading Account
ATC BROKERS DEPOSITS AND WITHDRAWALS:
ATC Brokers doesn’t charge any withdrawal and deposit fee. It offers several transaction methods to its clients and gives the liberty to choose whichever method is most convenient and feasible for them.
- Credit cards
- Bank Transfer
- International Wire Transfer
- Master Card
ACCOUNT CURRENCIES SUPPORTED BY ATC BROKERS:
ATC Brokers offers a series of currencies that clients can choose from. They include the following:
ATC BROKERS FEES AND COMISSION:
In order to facilitate its clients, ATC Brokers offers some of the lowest spreads in the markets and charges one of the lowest fees in the market. The firm does not require any withdrawal or deposit fee, with the exception of some transaction methods. The firm also charges a commission on every trade that is carried out.
1. TRADING FEE:
The firm offers market competitive spreads and commissions. Commissions are categorized into two, depending on the nature of the contract. If the contract is a mini contract i.e., 10,000 lot size, then a commission of $0.6 is charged and in case the contract is a standard contract i.e., 100,000 lot size, then this commission rises up to $6. These charges are calculated on the basis of USD, however if trades are carried out in a non-USD pair then the charges will vary since they are subjected to the market conversion rate.
2. NON-TRADING FEE:
In general, the non-trading fees are kept to a minimum and are usually zero. For instance, if clients choose to depositing or withdrawing funds through Bank Wire then no fee will be charged. However, if international wire transfer is used then a fee of $40 USD will be deducted from the client’s account.
3. INACTIVITY FEE:
ATC Brokers does have an inactive account policy which dictates that all accounts that have been dormant for over 6 months should be marked as inactive. Once accounts have been categorized as inactive, a fee of $50 are deducted from the account. Unless the client gets their account activated, ATC Brokers resorts to closing the account once the account balance reaches zero.
- Over a decade of experience
- Client funds are kept in segregated accounts
- Strictly regulated
- Low and market competitive spreads
- Excellent for professional traders.
- Charges an inactivity fee of $50
- Minimum deposit of $5,000
- Doesn’t support EAs
- No indices and Stock CFDs
CONCLUSION: SHOULD YOU TRADE WITH ATC BROKERS?
ATC Brokers is good choice for professional traders; however, it is not the most ideal option for amateurs. The MT Pro platform adds a layer of security, followed by FCA and CIMA regulations. Therefore, through its licensing and registration, ATC Brokers provides a safe and market competitive trading opportunity to its clients. Since the firm does not act as a counterparty, it has successfully avoided conflicts of interests that are bound to arise amongst brokers.
ATC BROKERS FREQUENTLY ASKED QUESTIONS:
1. What trading platforms are available?
MetaTrader4 and the MT Pro Desktop platform are available.
2. What is the minimum deposit needed to activate my account?
ATC Brokers requires its clients to deposit at least $5,000 in their accounts.
3. What leverage is offered?
For accounts below 100,000 a leverage of 1:200 is offered and for accounts above 100,000 the leverage is 1:100.
4. Does ATC Brokers allow news trading?
Yes, ATC Broker allows news trading, however the markets are very volatile for news trading.