ATC brokers review 2019 | Forex trading platforms review, Pros, Cons and Verdict
Looking for the best forex broker? Your search is over. Read our ATC brokers review to evaluate the pros and cons of this online forex broker and choose on the basis of data if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.
ATC Brokers Review
ATC Brokers is a British based brokerage firm in London that offers Forex, metals, CFD markets, all to the benefit of retail traders. They are highly regulated being British and fall under the auspices of the Financial Conduct Authority. Safety and protection of funds is crucial, and falls under the FSCS, or the Financial Services Compensation Scheme in Britain that protects customers of to 50,000 GBP. This of course allows for traders to feel comfortable.
Trading accounts
ATC Brokers offers individual, joint, or corporate trading accounts. The minimum deposit is $5000 or the equivalent in British pounds or Euros. Because of this, not everybody can afford to get involved with ATC Brokers, but if you can, this is a very professional firm and the financial protection afforded the trader of course is paramount and a very important.
The company
ATC Brokers is a British based company, offering a non-dealing desk approach to the markets. They are heavily regulated by British authorities and several others around the world. With that in mind, keeping your money here is a say proposition. A simple pass-through model is employed by ATC Brokers, thereby matching orders without interference, eliminating potential conflicts of interest between you and the broker.
Trading conditions
Initial deposit
As mentioned previously, ATC Brokers doesn’t offer an account for anything less than a $5000 deposit. This is a somewhat high bar to cross, and not all of you will be able to take advantage of this firm. However, if you have more than enough trading capital, this will give you an opportunity to trade with one of the most highly regulated firms in London.
Spreads and conditions
ATC Brokers offers tight spreads, in a variable spread environment. The average spread for the EUR/USD is 0.3 pips, while the average spread for gold is 0.07 pips. CFDs such as the Dow Jones 30 average 2 pips. With that type of tight spreads being offered, you can see that fighting profit won’t be overly difficult.
Leverage
ATC Brokers offers tight spreads and conditions, with 1:30 leverage. The leverage is a bit lower than some other brokerage firms, but it is much more professional as most of the time when you are offering several hundred times leverage, you are simply trying to get retail traders to blow up their accounts quicker. This gives you more protection, which is the biggest advantage to trading at ATC Brokers.
Trading platforms
ATC Brokers offers MetaTrader Pro, the paramount MetaTrader platform available. This allows for a DOM in trading, giving you access to liquidity information. Beyond that, there are several other benefits to using the professional platform, and those who have experience using the more common MetaTrader platforms, you will feel right at home with this powerful platform.
Payment methods
ATC Brokers offers both deposit and withdrawal options including bank wire, credit card/debit, Union Pay, and Skrill. This allows traders to be able to access their money and fund their accounts rather easily, as most of you will have plenty of access to these options.
Extras
ATC Brokers has a very minimal education section, so therefore if you are a brand-new trader, this is not going to be the broker for you. Quite frankly, this is for professionals or experienced traders only, so those of you looking to learn, find somewhere else.