atc brokers review

Regulators: FCA, CIMA

Cryptocurrencies: NO

Minimum Deposit: $2000

Maximum Leverage: 1:200

Spreads: Low

My Score: 5.3

Welcome to my ATC Brokers review. In this article, you will know everything about the broker. Let’s see what ATC Brokers offers its clients!

ATC Brokers is a company which has been operational in the forex sector providing broker services since 2005. Since the launch of the firm, they have been committed to offering a transparent trading environment combined with the development of advanced technologies to enhance their clients trading experience.

They have offices located around the world and fall under the regulation of three global financial bodies. I will mention them in the regulation section of this review.

It believes that the foreign exchange market should be transparent and impartial for all market participants, and with this vision, it works to provide its customers with services that are free of manipulation.

In this ATC Brokers review, you will receive all the answers to the following questions: Is ATC Brokers scam or good forex broker? What are the account types of the broker? What are the trading conditions such as spreads, leverage, and minimum deposit? Is ATC Brokers regulated?

Regulation of ATC Brokers

ATC BROKERS LTD. is a brokerage firm providing online trading solutions within the foreign exchange industry to clients ranging from retail to institutional traders.

ATC BROKERS is established in the United States and is registered as an independent introducing broker with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

The CFTC and NFA aim to protect consumers by placing rules and regulations to set high standards and protocols for firms to conduct their business within the US derivatives industry.

NFA is the industry-wide, self-regulatory organization for the US derivatives industry, providing innovative and effective regulatory programs.

Designed by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.

ATC BROKERS LTD. was established in the United Kingdom to be regulated by one of the most respected regulatory bodies within the financial service industry, the Financial Conduct Authority (FCA).

The FCA aims to protect consumers by placing rules and regulations to set high standards and protocols for firms to conduct their business within the financial industry.

The FCA regulates the financial services industry in the UK. They aim to protect consumers, ensure the industry remains stable and promote healthy competition between financial service providers.

The Financial Conduct Authority (FCA) mandates firms to conduct their business under strict regulations. ATC BROKERS LTD is obligated to segregate the money that retail clients deposit in order to prevent the use of client funds by the firm for its own account.

About the Financial Services Compensation Scheme (FSCS)

The FSCS is the United Kingdom’s statutory fund of last resort for customers of financial services firms. The FSCS may be able to pay compensation to consumers and protects up to £50,000 per person per firm.

ATC BROKERS LTD. is established in the Cayman Islands and is regulated by the Cayman Islands Monetary Authority (CIMA).

CIMA aims to protect consumers by placing rules and regulations to set high standards and protocols for firms to conduct their business within the financial industry.

CIMA regulates the financial services industry in the Cayman Islands. They aim to protect and enhance the reputation of the Cayman Islands as an International Financial Centre and to carry out appropriate, effective and efficient supervision and regulation in accordance with relevant international standards and by maintaining a stable currency, including the prudent management of the currency reserve.

atc brokers spreads

ATC Brokers Account Types and Spreads

The minimum deposit to open ATC Brokers US account is 3,000 USD. The minimum lot size to trade is 0.01 (1,000) with no maximum trade size. If there are enough funds in the account to cover the margin required, the account has the ability to trade larger lot sizes.

The trading leverage is up to 50:1. The trading margins are subject to change without notice. The spreads are variable and not fixed. The average starting from 0.3 pip.

The broker provides competitive spreads, its commission is set to 1.00 USD round turn for a mini contract (10,000 lot size) and 10.00 USD round turn for a standard contract (100,000 lot size).

The firm is not a market maker. It does not have a dealing desk, we only provide Straight Through Processing (STP) order execution.

The minimum deposit to open an account is 5,000 USD or the amount equivalent in GBP or EUR for UK clients. The minimum lot size to trade is 0.01 (1,000) with no maximum trade size.

The trading leverage is set to:

  • 30:1 for major currency pairs
  • 20:1 for non-major currency pairs, gold and major indices
  • 10:1 for silver and other commodities

The commission is set to 0.60 USD round turn for a mini contract (10,000 lot size) and 6.00 USD round turn for a standard contract (100,000 lot size).

The commission is on a USD basis, if you are trading pairs that are non-USD, the commission will vary depending on the market conversion rate.

The minimum account balance to open is 2,000 USD or the amount equivalent in EUR for other clients. The trading leverage is set to: 200:1 for major currency pairs for account sizes below 100,000. 100:1 for major currency pairs for account sizes above 100,000.

Trading Platforms

The broker offers one of the most popular trading platform MT4. The MetaTrader 4 software provides a user-friendly, yet, intuitive interface that is utilized by beginner and experienced traders worldwide.

The MetaTrader 4 is available on your iPhone, iPad, and Android devices absolutely free of charge. With this application, you can control your account, trade in the financial markets and use 30 technical indicators for market analysis.

ATC Brokers Trading Instruments

ATC Brokers offers its clients forex, metals and CFDs to trade. You can select from the majors to the exotic currency pairs that suit your trading needs. There are 40+ currency pairs.

You can trade with the precious metals such as Gold and Silver to take advantage of expanding your portfolio with non-currency products.

Diversify into Contract for Difference products allowing for the opportunity to trade in the indices and commodities markets.

  • Select from the major indices.
  • Access the Brent and WTI Crude Oil.
  • Receive competitive pricing.

Payment Methods

The methods that are available is a bank wire, Visa, MasterCard, Skrill Wallet and Union Pay. It accepts USD, EUR and GBP. There are Visa and MasterCard with 2.9% transaction fee and $25 fee for domestic wires and a $30 fee for international ones.

Conclusion

ATC Brokers is a strong regulated ECN broker. It is regulated by FCA and CIMA. Also, the broker is a member of NFA.

It offers competitive trading conditions but the minimum deposit is quite high. The maximum leverage is low when we compare other reputable brokers.

It provides MetaTrader 4 but the trading commissions are high. The payment methods are limited, there should be more options. The trading products are also limited, cryptocurrencies and stocks are missing.

You can see the pros and cons of this broker in the table below. If you want to find a better broker that offers better trading conditions and security, you can check out my top forex brokers list.

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ATC Brokers

5.3

Trust

6.0/10

Commissions and fees

4.0/10

Customer Service

5.5/10

Platform & Tools

6.0/10

Product Portfolio

5.0/10

Pros

  • Regulated by FCA
  • MT4 supported
  • STP Broker

Cons

  • Payment methods are limited
  • High commisions and deposit fees
  • High initial deposit