ATC Brokers Ltd. offers online trading services to retails and institutional traders since 2005 and is a MetaTrader-only broker featuring the industry popular MT4 to trade over fifty financial instruments in forex and CFDs. ATC Brokers is a regulated broker operating in the United Kingdom under the supervision of FCA.
Unravel potential advantages and unique offerings under ATC Brokers by studying this detailed forex broker review.
ATC Brokers Background & Safety
ATC Brokers Ltd. was founded in 2005 in the Cayman Islands with a mission to offer a unique and transparent trading environment empowered by advanced technologies. It stands out as a broker in terms of providing a 100% agency model. Straight Through Processing (STP) trade execution is one of its trademarks.
Its main platform offering is the MT Pro, the most advanced MetaTrader 4 technology in the industry. In terms of liquidity, the broker utilizes one of the major banks in the world at the core of its account custodian services. National Westminster Bank solidifies ATC Brokers’ integrity in securing its client funds.
If we look at the broker’s regulatory credentials, ATC Brokers takes pride in asserting its regulatory affiliation with the Cayman Islands Monetary Authority (CIMA). CIMA is the regulatory body in the financial services industry in the Cayman Islands with a mission to protect and uphold the locality’s reputation in international financial services.
In this regard, it is safe to claim that ATC Brokers is a safe broker and is a legitimate brokerage entity observing standards and is fully compliant with regulations under financial services.
ATC Brokers Features and Fees
Financial Products/Market Offerings
ATC Brokers offers the following financial instruments to traders:
- Forex (38 currency pairs available)
- Metals (Gold and Silver)
- CFDS (comprised of listings in Indices and Commodities markets, 9 in total)
ATC Brokers seems to have a limited range of tradable assets as it is focused on forex trading.
ATC Brokers offers three account types for traders: the individual account, the joint account, and the corporate account. ATC Brokers’ official site does not contain a wealth of information regarding the set of trading conditions under each account type. However, there is a unified minimum initial deposit for all account types set at $2,000. The maximum leverage is up to 1:200 across the account types and commissions of $6 round turn per lot are charged to traders. Spreads average is approximately from 0.3 pips.
These accounts are all ECN-type and feature floating spreads. Only one trading account will access all the financial markets offered by ATC Brokers. Demo accounts are also available for traders who want to venture into the broker’s trading realm without any financial risks.
In opening an account with ATC Brokers, it usually takes 1-2 working days for individual accounts and 3-5 days for joint accounts. Upon registering for an account, some information will be asked to be stipulated by the trader which includes personal and contact details, employment, trading experience, and security declarations. A welcome email is sent to successful traders who become part of the ATC online forex brokerage services.
Only a few funding methods can be chosen by traders to fund their trading account. Bank wire, Visa, MasterCard, and Skrill are those funding options.
Withdrawal fees apply for Bank Wire transfer while card transactions are free of charge. Cards and e-wallet deposits also carry charges.
This is one aspect of the ATC Brokers’ trading services that need to be enhanced. More payment options mean more avenues for traders to transact with ease and convenience.
ATC Brokers Trading Platforms & Tools
Being a MetaTrader-only broker, ATC Brokers offers the MT4 platform that comes in many formats. The MT4 platform is the known standard platform in the industry but is presented or offered with slight nuances in functionality from one broker to another.
ATC Brokers’ flagship MT4 platform format is the MT Pro. Its software contains the trading data of the trader’s account and provides an array of report types. Some of the types include Profit and Loss, Winners/Losers, Performance, and Time Analysis.
Some of MT Pro’s salient features include a user-friendly interface, support all order types, access to complete charting package with built-in indicator libraries, customizable charts, and integration of Expert Advisors for auto trading.
MT4 mobile is available on Android, iPhone, and iPad devices. The mobile MT4 interface is fully customizable, intuitive, and simple. It is also replete with most of the features found on the desktop version of MT4. Its salient features include
- Integration with desktop version accounts to enable a trader to place an order on the desktop and modify or monitor it on the mobile.
- Live and up-to-date quotes of tradable assets
- Over 30 built-in indicator tools and analytical tools
- Account balance and order history display
Other features and tools: PAMM/PAMM+ Software, VPS, Learn Centre, and Market News
ATC Brokers is one of the longstanding forex brokers in the industry. Its regulatory credential is strong and the broker is armed with a unique trading solution. Its ECN technology is fit for traders who long for a trading combo of tight spreads and lightning-fast executions.
However, the broker does not offer wide choices of financial instruments as well as trading accounts and trading platforms. A comprehensive educational facility for trading is also another thing to be added to the broker’s trading arsenal.