ATC Brokers group includes 3 related companies.
ATC Brokers US - located in the United States, regulated by the Commodity Futures Trading Commission (CFTC).
ATC Brokers UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
ATC Brokers KY - located in the Cayman Islands, regulated by the Cayman Island Monetary Authority (CIMA).
Be aware, UK and US companies have some trading restrictions because of regulatory authorities influence.
ATC Brokers group accepts clients from all over the world, excluding some countries from the OFAC list.
Forex broker offers the following underlying assets for trading.
|35+ Currency Pairs||Based on major and minor world currencies.|
|8 Indices CFDs||Based on baskets of different blue-chip stocks.|
|2 Metal Spot CFDs||Based on Gold and Silver.|
|2 Energy Spot CFDs||Based on Crude Oil (WTI, Brent).|
ATC Brokers is an online forex & CFD brokerage firm that was established in 2005. Its operations out of London is being overseen by the highly respected UK Financial Conduct Authority (FCA), whose scope of work includes protecting consumers from various kinds of financial misconducts. In addition, the broker has a branch in the United States, which is registered as an “independent introducing broker” with the equally well-regarded US-based regulator CFTC and the industry self-regulator known as the National Futures Association (NFA). At 2019 the broker also started to operate at the Cayman Islands, under the Cayman Island Monetary Authority (CIMA).
It’s worth mentioning that for well-regulated multinational brokers such as ATC Brokers, available trading instruments and leverage differs significantly between countries, depending on the jurisdiction the trader is based in.
A nice extra service offered by ATC Brokers is its money-management service, which clients can subscribe to. External managers will then manage the accounts, but there is a very high degree of transparency which enables both parties to view trading activity, available balance, and other relevant information for each particular account. Clients can also choose to manage multiple accounts on their own.
Trading instruments offered by ATC Brokers include popular forex pairs and CFDs based on energies, precious metals, and stock indices. For US-based traders, however, only forex and precious metals CFDs are available. Overall, spreads on trading instruments are fairly competitive, starting from 0.3 pips.
The maximum leverage offered by ATC Brokers is 1:200 for most clients, but only 1:50 for US-based clients and 1:30 for EU-based clients due to local regulations. Commission fees are charged at USD 1.00 for a mini contract (10,000 lot size) and USD 10 for a standard contract (100,000 lot size).
ATC Brokers only offers the very popular MetaTrader 4 (MT4) as its trading platform, although the platform is enhanced with MT4 Pro software developed by ATC Brokers. In addition, mobile version of MT4 is provided for increased convenience on the go.
The types of live accounts offered by ATC Brokers include:
– Individual account
– Joint account
– Corporate account
Whereas the individual and joint accounts offer fairly similar terms, the corporate account are designed for those trading through a corporation, and would require proof of residential address for all directors and shareholders who have a minimum of 25% of the shares in the company. All the trading instruments offered by the broker can be traded with any of the account types.
It may be a good idea to make deposits and withdrawals in USD with this broker in order to avoid currency conversion fees. Funds can be deposited by international bank wire, US ACH wire transfer (for US-based traders), or credit and debit cards. A maximum amount of USD 10,000 may apply, depending on the payment method.
There is also a withdrawal fee of USD 20 for the first withdrawal of the month, and subsequent withdrawals in the same month carry a fee of USD 35, which may become a bit of an annoyance for some users.
The customer service provided by ATC Brokers appears to be satisfactory based on reviews from past clients. The broker provides a phone hotline, an email address, as well as a live chatting service, but opening hours for the hotline are not explicitly stated.
There is also a “Trader’s Corner” section on the website where ATC Brokers publish blog articles where they share trading strategies and advices to novice traders on the currency pairs that are popular at any given time. They also share the latest industry news and how it might affect the currency markets in the future, which is something we always appreciate.