ATC Brokers is an LA, California-based broker that mainly works in the foreign exchange market. This broker deals with trade and institutional traders that help in raising its clarity and the neutral market service. ATC Brokers review will disclose each and everything that a user must know about it.
Some of the feedbacks claim that the key thing of the broker is the platform itself. Whereas, others say that the educational material is not good. So, let’s join us to dig deeper and find out more about this broker.
ATC Brokers Regulation
ATC Brokers was launched in 2005, and since then, it has been controlled in the US as an Introducing Broker (IB) with the National Futures Association (NFA). ATC Brokers Ltd is a brand in the United Kingdom, which works under the Financial Conduct Authority’s (FCA) regulation and authorization.
Two tier-one regulators, control it that is the Financial Conduct Authority and Commodity Futures Trading Commission (CFTC).
- Financial Conduct Authority regulate it
- Segregated client funds
- Minimum deposit amount is $5,000
- Inactivity Fee charges
- Does not permit EAs
- Limited range of instruments
- Not ASIC Regulated
ATC Brokers Spreads & Fees
Similar to other brokers, ATC Brokers charges a fee from the spread, and it is the main difference between the buy and sell ratio of an instrument.
The minimum spread for trading EUR/USD for ATC Brokers is pips that is quite low as compared to the average EUR/USD spread of 0.70 pips.
Trading products of ATC Brokers are forex pairs, CFDs, and metals. It provides access to the entire minor, major and lots of striking currency pairs for the forex side.
In terms of metals, traders can trade valuable metals, including gold and silver. Finally, when it comes to CFDs offerings, it allows traders in the index and merchandise market and increasing their portfolio multiformity skills.
Well, these are limited offerings, and anybody can assume that these trading products are everything a trader needs for trading. Nevertheless, a trader can deal with a group of assets.
ATC Brokers and MetaTrader platform are both loyal to each other as it is already visible on the site. The trading platforms of this broker are restricted to the MetaTrader4.
However, when you add the MT Pro software for the platform, it covers the lacking of other offerings. So, what does MT Pro do?
According to the official website, the software has original features that enhance MT4. It also allows traders to make changes in trade settings accordingly.
Here is a list of features:
Revenue & Loss
The trader can see the progress of account balance and impartiality curves for a period in US dollars.
The amount of trades is visible for the traders that are stopped with a loss, a win, or manage.
As a percentage or pip value, the trader can see the chronological bend of revenue or loss.
A trader can experience the standard extent of closed trades together with the regularity of how many trades come in a specific time.
A trader can make use of a comprehensible order placement layout that supports limit, market, and end orders.
An absolute charting package is available with in-built pointer libraries. Traders can easily make modifications in charting outline and intend to fit the trading.
EAs also proved to be beneficial for the traders to auto-placement of orders.
ATC Brokers offer the platform for mobile users as well. You can install the software and platform on iPad, iPhone, and Android devices. With this feature, as a trader, you can control the accounts when utilizing 30 mechanical indicators for trading in the fiscal markets.
Deposits & Fees
An opening deposit of $5,000 is needed with ATC Brokers, which is quite high value in comparison to other brokers in the market. The least amount for traders is a 10,000-unit mini lot.
Furthermore, this broker has commission fees for all traders. The standard lots have an elevated rate than mini lots. There are no set spreads, and the spreads it already has are nearly standard when contrasted to other brokers.
As a trader, you must keep in mind that spreads change every time. The performance of the economy influences the spreads together with lots of other aspect. So, it will not be graceful to deal with a suspended spread.
Most likely, this broker has to work on lots of things. The security and regulation points are credible. With the NFA, CFTC, and FCA with the named regulators, it is difficult to trust the broker.
However, user experience also matters a lot. Other than regulatory status, the user experience is a key factor for trading purpose. With an easy and fundamental platform, trading is entirely straightforward. Also, there are no educational materials reliable for traders. So, apparently, this broker has positive as well as negative points.