ATC Brokers Review

[Simon]

We were recently approached by the owner of ATC Brokers, who invited us to try out their ECN/STP MetaTrader 4 platform.

As with other ECN/STP brokers, it was necessary to rip out the dealing desk applications in MetaTrader to allow direct market access from third-party liquidity providers. The result is a trading platform that is stable, with extremely small spreads and a commission of $8 per trade when trading one standard lot.

The minimum account size is $5,000. Mini contracts are supported and you have the ability to trade micro lots beyond the mini lot size 0.10 (10,000) - for example, you can trade 0.12 or 1.89. Leverage is fixed at the most I would personally go for - 100:1.

Execution is fast and we like the fact that you can partially close orders when in profit (not all MT4 brokers allow this). In addition, the customer service is top notch and account opening quick and straight forward.

Client funds are segregated and trades are not bound by the new NFA FIFO rules, meaning scalping, hedging and all other trading activities are permitted.

One of the most important things I look for in a broker is a telephone number and someone picking up the phone quickly. The last thing I want is an emergency (e.g. Internet goes down) and not being able to speak to someone. ACT passed this test with flying colours.

The only thing I do not like about this broker is the five digit pricing – I find this very difficult to use when designing trading systems (which I spend a lot of time doing).

However, for trading, this is a great platform and one we can strongly recommend.

If you have used this broker, please report your experiences on this Forum thread.

ATC Brokers -

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Note: Please let us know if you do open a live account with ATC. We may be able to negotiate better commissions and other benefits for you if enough Forex-FX and MentorPro subscribers are using this broker.

[raa]

Thanks, Simon

What kind of documentation they require to open a live account? How would you compare them with Dukascopy?

[marc walton]

Hi Raa, Atc are easy to open an account with. They will open accounts for USA customers within hours of receiving the correct info & slightly longer for overseas clients. Their documentation is way easier than dukascopy.

I have members who took 12 weeks to open an account with dukas! They want original documents (I never heard of any other company asking for this) but they are a Swiss registered company and Switzerland is renowned for its strict money laws.

regards, marc

[raa]

Hi Raa, Atc are easy to open an account with. They will open accounts for USA customers within hours of receiving the correct info & slightly longer for overseas clients. Their documentation is way easier than dukascopy.

I have members who took 12 weeks to open an account with dukas! They want original documents (I never heard of any other company asking for this) but they are a Swiss registered company and Switzerland is renowned for its strict money laws.

regards, marc

Thanks, Marc
Particularly I am interested if they require a notarial passport/ID copy like Dukas, I find it very difficult to accomplish. How would you compare them otherwise besides account opening practice?

[dustin1970]

^Hi marc: do you have any inputs as to the pros and cons in opening an account with Atc compared to Dukas? I am a forex newbie and would like to gain some insights from guys like you.

I heard about Dukas from an officemate and she used to tell us great things about this company so I guess it really is true as she is some kind of a pro with regards to forex matters. Thanks!

[inyonkfx]

Hi Raa, Atc are easy to open an account with. They will open accounts for USA customers within hours of receiving the correct info & slightly longer for overseas clients. Their documentation is way easier than dukascopy.

I have members who took 12 weeks to open an account with dukas! They want original documents (I never heard of any other company asking for this) but they are a Swiss registered company and Switzerland is renowned for its strict money laws.

regards, marc

yes, I like too with dukascopy, its regulated broker