Forex industry has a great potential to grow and expand in all directions, and Forex market will soon become one of the most significant markets with the largest number of customers from all over the world. Although this market brings certain risks, many will say that risks are present in other spheres of human life as well and other jobs. However, it is important to be educated on what you are doing, and it is necessary to know how to deal and when and how to deposit funds. It is important to find the right terms on which you can agree, and not to invest your money in vain. Therefore, many companies are trying to make an offer which will fit for all of their customers, slowing them to work in a safe and protected environment. One of those companies that will allow you to trade currencies and other goods is ATC Brokers, a Los Angeles, California-based Forex broker. Although it offers less rich platform than other brokers, it has a commission-based pricing model as well as comparatively low spreads, which makes it one of the best broker companies. This company will offer you a unique experience of trading, and hopefully, it will fit your needs.
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Background and Regulation
As we already mentioned ATC Brokers is located in Los Angeles and it was established in 2005. It is critical to say at the beginning that crucial point for all the companies is to meet the regulatory requirements. ATC Brokers is one of those companies. It is a member of the National Futures Association (NFA) with the number [ID 0358522] and is a registered broker by the Commodity Futures Trading Commission (CFTC). Besides, ATC Brokers is interested in providing the best service to its customers through new technologies available in the trading industry. It means that this company joined the best brokers, analysts and software programmers to create reliable and high-tech trading experience.
ATC Brokers Trading Platform
Trading platforms that are available for this company are:
- MetaTrader 4 – Straight Through Processing (STP) order execution through the company´s online trading services. Available for Windows XP, Windows Vista, Windows 7, or Windows 8
- MT4 Plus – It is a plug-in that enhances the order features on the MetaTrader 4 platform. It allows one click execution and provides the ability to set up to three separate bracket orders.
- MT4 Mobile – MetaTrader version adjusted and available for your smartphones to always be in control of your trades
- Trade Copier – The software which allows money managers and signal providers to distribute trade signals for execution on the MetaTrader 4 platform.
- ATC Trader – It provides you ability to connect to multiple exchanges worldwide, and most importantly, there are no third party involvements.
ATC Brokers Account Types
There are several account types available for you such are:
- Individual
- Joint (2 people)
- Partnership
- LLC
- Corporation
- IRA
With the initial deposit of $5,000, the ATC Brokers is one of the Forex brokers with highest initial deposit. However, although this can be a significant disadvantage, it also means that they bring some guarantee for their customers. Another problem for many clients is that ATC charges commission on all trades you complete. It also means that standard lots have a higher fee price than mini lots. On the other hand, opening an account with ATC is very easy and quick, and it does not require additional fees.
Lacking Bonuses & Promos
Another disadvantage for ATC Brokers is their lack of bonus offers and promotions. This can be a major setback for the company, and it would be better for both business and clients to include some special offers.
Banking Options
This company trades currencies and precious metals, and it offers only Credit and Debit Card methods of payment and wire transfer. Unfortunately, this does not provide a lot of choices for customers which may be a disappointing fact. Besides, if you want to withdraw the funds the same day, you must send the request for withdrawing before 11:00 am CST. Moreover, you should pay a $25 fee for internal wires and a $30 fee for the international wires. It is important to note that the first check of each month is free, while every additional check after costs $5.00.
Customer Service
If you are unable to solve your problems or get an answer from the Frequently Asked Questions section, then there is a possibility to contact the company´s office or join the live chat looking for assistance. These features are visible and available at their website. Also, there is a remote support option available, which means that you need to notify one of our support representatives to help you with the connection. However, customer service is always there for you to help you deal with your potential issues.