ATC Brokers Fees and Spreads
ATC Brokers Fees and Spreads
ATC Brokers fees and spreads charges fixed commissions that start from $0.6.
ATC Brokers’ commissions are quite high compared to other brokers and the commission fees are charged in the following way:
- $0.60 round turn for a mini contract which consists of 10,000 lot size.
- $6.00 for a standard contract which consists of 100,000 lot size
ATC Brokers’ commissions are on a USD basis and this means that the trade in non-USD pairs will result in commission fees which are subjected to the market conversion rate.
ATC Brokers has a low and incredibly competitive spread when compared to what other brokers are offering where a currency pair such as the EUR/USD has an average spread of 0.3 pips. ATC Brokers’ spread list is determined by the financial instrument being traded.
ATC Brokers only offers traders the option of a single live trading account when registering, but with this account traders gain access to a wide variety of financial instruments which can be traded including Forex, Metals and CFDs.
The minimum deposit that ATC Brokers requires to open an account is $2,000 or currency equivalent for global clients and $5,000 for UK and EU clients.
Additional Trading Fees
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day. ATC Brokers does not provide any option for an Islamic or Swap-Free account when registering for a real account.
ATC Brokers does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
ATC Brokers does not charge any deposit fees, but traders are subjected to other non-trading fees, or broker fees, when registering for a real account with ATC Brokers.
These fees include:
- An inactivity fee should the trader’s account be inactive for a period of six consecutive months – the fee can either be equal to the remaining balance in the trading account, or lesser, or 50 units of the account base currency.
- A currency conversion rate may be applicable should deposits be made in a currency denomination different than the base currency of the account.
- A withdrawal fee of €00, $40 or £25 (depending on the account currency) when using International Wire.
- A withdrawal fee of 1% when using Skrill.
Pros and Cons
|1. Tight and competitive spreads||1. High minimum deposit|
|2. Fixed commissions on trades||2. No Islamic/Swap-Free account offered|
How many instruments can I trade with ATC Brokers?
You can trade a variety of instruments with ATC Brokers, which include the following, but is not limited to:
- 38 Currency pairs
- 9 CFDs
- 2 Metals
Which platforms are supported by ATC Brokers?
ATC Brokers provides the following popular trading platforms:
Does ATC Brokers offer leverage?
The maximum leverage ATC Brokers offers European traders is 1:30 and traders form other countries qualify for leverage of up to 1:200.
What spreads can I expect with ATC Brokers?
Spreads from as little as 0.3 pips.
The spreads will be determined by the different financial instrument that is being traded.
Does ATC Brokers charge commission?
Commissions are $6 round turn per lot.
Is ATC Brokers regulated?
Yes, ATC Brokers is regulated by the highly reputed FCA in the United Kingdom as well as the Cayman Islands Monetary Authority.
Is ATC Brokers a recommended forex trading broker for experts and beginners?
No. ATC Brokers is recommended for advanced and experts, but not beginners.
What is the overall rating out of 10 for ATC Brokers?