ATC Brokers Review 2020

ATC Brokers is a forex trading company that offers online trading solutions while striving to provide complete transparency. The company was initially established in 2005 and is situated in Los Angeles, California. The online platform by ATC Brokers lacks a wide range of features and is not the most user-friendly site when compared to other online forex trading sites. It offers relatively low spreads and offers a commission-based pricing model.

The ATC Brokers online platform is bare-boned and simplistic. However, traders can still analyse markets and make trades with this basic platform. Keep in mind, however, that the platform is not easy to use or very intuitive. The site offers a limited range of foreign currency pairs. However, this is due to the fact that the company is still testing the waters and evaluating what traders outside the United States want when it comes to trading instruments. If you only need to trade on foreign currencies, then ATC Brokers might be perfect for you.

ATC Brokers utilises an ECN price model. Therefore, you will need to make a minimum deposit of $2,000 to start trading on the site which is much higher than other online forex brokers. Thankfully, the site is still fairly reliable, fully regulated, and allows scalping. Traders will also appreciate the extremely tight spreads and the fact that you can use five different trading platforms where you can trade on over 40 different currency pairs.

As previously mentioned, ATC Brokers is situated in Los Angeles, California and opened its virtual doors in 2005. It’s vital for each forex company to meet regulatory requirements to be deemed a trusted and reliable forex trading firm. Thankfully, ATC Brokers fully understand these requirements, and it is for this reason that the company forms part of the National Futures Association. It is also a registered company with the Commodity Futures Trading Commission. This ensures that the company is quite reliable for traders who managed to build a decent reputation within the online trading industry.

ATC Brokers has also developed dedicated mobile apps for both iOS and Android users. The ATC Brokers mobile app can be downloaded directly on smartphones or tablet devices by simply visiting the Google Play Store for Android devices or the App Store on iOS devices. The ATC Brokers mobile app, unfortunately, suffers from usability issues. Traders will not be able to set any alerts on the app, and it is not the easiest place to make trades. Thankfully, the app that allows traders to use technical indicators and test the performance of trading strategies while analysing the performance of currency pairs.

ATC Brokers supports STP order execution and offers a No Dealing desk environment. This essentially means that the broker passes on the orders of clients to the liquidity provider while the brokers at the Dealing Desk, also referred to as Market makers, will bet against traders. The company offers various spreads which start from 0.3 pip. The minimum deposit at ATC Brokers is $2,000 which is significantly higher than other online trading companies.

ATC Brokers also charges commission fees of $0.80 on a mini contract of 10,000 lot size or $8.00 for a standard contract of 100,000 lot size. The maximum leverage offered at ATC Brokers comes in at 1:50 for clients in the United States and 1:200 for clients outside the United States. The overall functionality of the brand is quite limited when it comes to trading instruments, and the user interface is not as intuitive as other online broker companies.

Registering a new account at ATC Brokers is quick and easy. New traders can choose a start demo trail account. This will give traders the opportunity to test the performance and usability of the software before having to deposit. If you are interested in registering a real account, you will need to provide your country of residence and your account type. The options for this include an Individual Account, Joint Account, or Corporate Account. You will also need to choose your preferred currency, including USD or EUR, and select your preferred platform of which there are two, including MT4 and FIX API. Once you entered all the necessary details, you will need to provide your initial deposit amount and click on “Start Application”.

The application will require your personal details and contact information. That includes your residential address, country of citizenship, mobile number, email address, and years you lived at current address. The next step will require your education information as well as your employment information, including the highest level of academic qualification and employment status and source of income. Thereafter, you will need to answer a few trading questions, provide financial information, and acknowledge the commission that will be charged on your account. Lastly, you will need to provide various documents such as your ID and Utility Bill. This is to verify the details provided during the account registration process before your account will be registered at ATC Brokers.

Once your account is registered and verified with the appropriate documents, you can go ahead and make your first deposit. ATC Brokers comes equipped with a selection of deposit methods, including UnionPay, Skrill, Mastercard, and Visa. Simply select your preferred deposit method, enter the necessary details for the payment method you wish to use followed by the amount. Please take note that ATC Brokers will add a 2.9% fee one-wallet and card deposits.

The ATC Brokers product offering is quite impressive. They utilise an agency model where they don’t act as the counterparty for any client trades and is CIMA regulated by the Cayman Islands Monetary Authority. Traders can participate as a taker and maker thanks to the direct API order execution while viewing competitive pricing with top-tier banks. The company also offers narrow spreads on all major currency pairs while using the popular MT4 Pro trading platform. Traders will also have access to CFD, Metal and FX markets through one account. The only disadvantage of ATC Brokers is that the company does not offer and promotions or bonus offers. This is obviously considered a major drawback for clients that are interested in claiming a bonus on their initial deposit.

ATC Brokers utilise a one-click execution system, allowing traders to enter or exit the financial market with a single click of a button. The company also provides software that will allow signal providers and money managers to distribute trade signals when it comes to executions. Traders will be pleased to know that ATC Brokers strive for the fastest trade execution possible which usually occurs within 1 second after orders have been placed on the site.

ATC Brokers uses a sophisticated and secure banking system, allowing traders to safely deposit and withdraw funds on their accounts without having to worry about third-party hackers. This is achieved by using the latest SSL encryption technology which safeguards personal and financial information on the site. As previously mentioned, the site offers credit/debit cards, e-wallets, and bank wire to transact on your account. When it comes to making a withdrawal while using the USD currency, ATC Brokers will take a $40 fee. However, this does not apply to credit card withdrawals at the company.

The ATC Brokers websites comes equipped with an innovative help centre where you will find information of getting started, account applications, platforms, economic calendar, news, trading basics, remote connectivity, margins, and more. There’s also a comprehensive FAQ section that is filled with questions and answers regarding financial trading along with several contact channels to get in touch with support. Traders can email the support desk, utilise the live chat facility, or give them a call. The options are also available on the mobile apps for both iOS and Android users.

ATC Brokers provide a wide range of trading platforms to meet the needs of all traders around the world, regardless of their trading experience. The extremely popular MT4 trading platform comes integrated with the STP one-click order execution, the ability to trade inside the spread, and fractional pricing. The site also offers an MT4 Plus platform that can provide high-end options. It includes advanced brackets and close all as well as Trade Copier which will allow signal providers and money managers to distribute signals for trade execution on the MT4 platform.

Traders can also look forward to the ATC Trader which offers connection to several futures exchanges from around the world. It essentially uses the latest technology when it comes to order execution and also offers in-chart trading. Lastly, the company also has an Algo Trader, which is only available in the United States. It allows traders to directly connect to APC’s aggregation engine to effortlessly access the pool of liquidity.