Is ATC BROKERS Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with ATC BROKERS try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether ATC BROKERS is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker ATC BROKERS
The ATC Brokers is an ECN and STP broker that has been operating since 2005. The company provides services for both individual traders and institutional investors. ATC is headquartered in the United States and operates under licenses issued by regulators such as FCA 591361(UK) and CIMA , 1448274(Cayman Islands).
| 💰 Account currency: | USD, EUR, and GBP |
|---|---|
| 🚀 Minimum deposit: | From USD 3,000 |
| ⚖️ Leverage: | Up to 1:100 with a trading account balance of less than USD 100,000, Up to 1:200 with an account balance of more than USD 100,000 |
| 💱 Spread: | From 0.3 pips |
| 🔧 Instruments: | Currency pairs (38), CFDs on metals (2) |
| 💹 Margin Call / Stop Out: | 100%/50% |
Pros and cons of ATC BROKERS
👍 Advantages of trading with ATC BROKERS:
•Spreads for EUR/USD from 0.3 pips.
•The ability to invest using the Trade Copier and PAMM accounts;
•Support for 38 Forex currency pairs.
•Availability of licenses for financial activities from reputable regulators in the USA and Great Britain.
•Direct access to liquidity providers thanks to the support of ECN and STP technologies.
👎 Disadvantages of ATC BROKERS:
•There are only two groups of trading instruments.
•There are commissions for account replenishment, withdrawal of funds, and an inactivity fee.
•Lack of bonuses.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is ATC BROKERS Regulated? Broker’s license
Security (Protection for Investors)
ATC Brokers is a secure and regulated broker. The company operates under the following licenses: Financial Conduct Authority (Great Britain) - FCA No. 591361, and Cayman Islands Monetary Authority - CIMA No. 1448274.
👍 Advantages
- Client funds are segregated from ATC Brokers capital and held in segregated bank accounts
- Negative balance protection active
- In case of violation by the broker of the obligations prescribed in the offer, the client can file a complaint with the regulator
👎 Disadvantages
- You cannot access your account without verification.
- Limited choice of electronic payment systems for making deposits and withdrawals of money
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by ATC BROKERS, which you can see below.
The Traders Union specialists analyzed trading and non-trading fees of ATC Brokers. The broker charges two types of trading commissions: spread and fixed commission. The average spread for EUR/USD at ATC Brokers is 0.3 pips, while a fixed commission is charged at USD 30 per USD 1,000,000 of the trading volume.
The broker also has non-trading commissions. In particular, the company requires mandatory payments for account replenishment and withdrawal of funds. The following commissions are charged for account funding: bank transfer - 0%; bank cards - 2.9%; and Skrill - 2.9%. When withdrawing funds, the broker withholds commissions in the following amount: bank transfer - USD 40; EUR 30; GBP 25; bank cards - 0%; and Skrill - 1%. There is also a commission for account inactivity. It is held at 50 units of the base currency after 6 months of inactivity. If there are not enough funds in the account, the account will be automatically blocked
| Account type | Spread (minimum value) | Withdrawal commission |
| Individual | From $3 | Yes |
Brokers that are similar to ATC BROKERS
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of ATC BROKERS conditions with its closest competitors.
Comparison of ATC BROKERS with other Brokers
| ATC BROKERS | RoboForex | Pocket Option | Exness | AMarkets | InstaForex | |
|---|---|---|---|---|---|---|
Trading platform |
MT4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, AMarkets App |
MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
Min deposit |
$2000 |
$10 |
$5 |
$10 |
$100 |
$1 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Yes |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0.1 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
Yes |
ATC Brokers is an STP and ECN broker targeted at clients looking for a US and UK regulated Forex broker.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
AMarkets is a broker that is more suitable for professional trading. Everything here is designed to accommodate trading with EAs and that is the broker’s strength. The weakness of the broker is that it won’t be easy for traders without experience to work here.
InstaForex is the best option for traders with any level of experience. For active professional traders, there is a large pool of non-standard technological solutions for more accurate analysis. For novice traders, there are comfortable starting conditions, such as a $1 minimum deposit under the regulation of FSC and a $200 minimum deposit with the broker regulated by CySEC. There are PAMM accounts and social trading for investors.
Conclusions
ATC BROKERS is a quite reliable broker for trading. ATC BROKERS operates on the license of a reliable jurisdiction and its operation is regularly monitored. However, the company does not offer the best trading conditions compared to competitors. You can choose this broker and not worry about the safety of your funds, but there are better options in terms of trading conditions.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.