quora ATC Brokers Review by FinanceBrokerage. Is ATC Good Broker?
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General Information

Broker Name:ATC BROKERS
Broker Type:Forex Broker
Country:UK
Operating since Year:2005
Regulation: CIMA, 1448274
Address:Floor 4 Willow House Cricket Square Grand Cayman KY1-9010 Cayman Islands
Broker Status:Regulated
Customer Service
Phone: +44 20 3318 1399
Email:[email protected]
Languages:[email protected]
Availability:24/7
Trading
Trading Platforms:MT4, MT Pro, Web Trader, Mobile Trader
Trading Platform(s) Timezone:GMT +2
Demo Account:Yes
Mobile Trading:Yes
Web-based Trading:Yes
Bonuses:N/A
Other Trading Instruments:Currencies, Metals, CFDs
Account
Minimum Deposit ($):3,000 USD
Maximum Leverage: (1:?)1:200
Spread:Variable
Scalping Allowed:Yes

ATC BROKERS REVIEW

Introduction to ATC Brokers Review

ATC Brokers is an LA, California-based broker that primarily serves in the foreign exchange market. It caters to retail and institutional traders, boasting about its transparency and the unbiased market service.

ATC Brokers logo

Right off the bat, we’d say that not all of the reviews we’ve seen about the broker are positive.

Some are saying that the main problem of the broker is its platform. Others claim that the educational tools it provides are pretty inadequate.

Let’s dig deeper into this broker and perhaps see some of the better qualities it possesses.

ATC Brokers Regulation

ATC Brokers was founded in 2005, and it has since been regulated in the United States, but only as an Introducing Broker (IB) with the National Futures Association (NFA). ATC Brokers Ltd, which is its brand in the United Kingdom, is under the Financial Conduct Authority’s (FCA) regulation and authorization.

ATC Regulation

It is regulated by two tier-one regulators, which are the Financial Conduct Authority and Commodity Futures Trading Commission (CFTC).

ATC Brokers Trading Products

ATC Brokers’ trading products include forex pairs, metals, and CFDs.

For the forex side, it offers access to all major, minor, and many exotic currency pairs. For metals, traders can trade precious metals such as gold and silver. Lastly, its CFDs offerings let traders trade in the indices and commodities market, too, expanding their portfolio diversification abilities.

Trading Products

Although these are pretty limited offerings, one can think that these trading products are all that a trader needs to trade. After all, one trader can only handle a bunch of assets.

Trading Platform

ATC Brokers is relatively loyal to the MetaTrader platform, as one can see on its website. Its trading platforms are exclusive to the MetaTrader4.

However, it makes up for the lack of other offerings by adding the MT Pro software for the platform. But what does MT Pro do?

According to its website, the software provides new features that improve MT4. It also lets traders customize trade settings.

Among its features are:
•Profit & Loss – the trader can view the development of his/her account balance and equity curves over a period in US dollars
•Winners/Losers – the trader can see the number of trades that closed with a loss, a win, or breakeven
•Performance – the trader can see the historical curve of profit or loss as a percentage or pip value
•Time analysis – the trader can view the average length of closed trades and the frequency of how many trades fall in particular periods
•Trade Screen – the trader can use a user-friendly order placement interface supporting market, limit, and stop orders
•Charting – there is a complete charting package with built-in indicator libraries. Traders can also customize charting layout and design to fit their trading
•Expert Advisor – traders can also benefit from EAs for the auto-placement of orders.

If the trader is also the type that often dashes around, there’s no problem. ATC Brokers also offer the platform on mobile.

The platform and software can be installed on iPhone, iPad, and Android devices freely. Using this feature, traders can control their accounts while using 30 technical indicators to trade in the

financial markets

MT Pro

Now, it’s worth pointing out that you should first install Microsoft Visual Studio separately before you can use the MT4 Pro plugin.

 

Deposits and Fees

ATC Brokers requires an initial deposit of $5,000 – a pretty high price compared to other brokers out there. For traders, the smallest amount they can trade is a 10,000-unit mini lot.

Also, this broker charges commissions on all traders. The standard lots have a higher price than mini lots. This broker also doesn’t have fixed spreads, and the spreads it has are roughly average when compared to those of other brokers.

For traders, it’s important to remember that spreads always change. They are influenced by the economy’s performance, along with many other factors. So, it may not be effortless dealing with a floating spread.

ATC Brokers Educational Materials

Now, here’s where we think ATC Brokers can still work a lot to improve. As evident on the website, the broker offers little in the way of training and research.

Of course, one would expect a trader to have already researched his way into the forex market.

This market is complex and not easy to learn. Expectations for traders to already have the knowledge and background to succeed in such an endeavor exists.

However, it’s also a widely accepted notion that brokers should offer some form of help to their clients when it comes to learning about the market. There must be educational and research tools to guide them in trading.

In this respect, ATC Brokers still has a lot to work out. Improving this area of their service will be a big boost to their brand.

 

 ATC Brokers Review Summary – Is it Good?

Review Conclusion

Quite obviously, there are many things that this broker has to work on. The security and regulation are convincing. With the NFA, FCA, and CFTC among the named regulators, it’s hard not to trust the broker.

However, of course, there’s the user experience. Regardless of the regulatory status, the user experience is a crucial factor for traders to look consider.

With the platform being simple and basic, trading is pretty straightforward. However, it’s also less intuitive as one can wish. Also, the platform should offer educational materials and tools to its clients.

Overall, this broker has some potential that could be unlocked once it has worked out its apparent weaknesses.

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Comments Rating 4.4 (5 reviews)

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5 Comments

  1. Hannah Huon De Kermadec February 26, 2020
  2. Anthony Moran February 19, 2020
  3. Sofia Cavalcanti Silva February 11, 2020
  4. Fabien Bienvenue February 10, 2020
  5. Kerstin Saenger February 6, 2020

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