Providing personal financial information?

It seems like some forex brokers require more personal information than others.. I am currently thinking of opening an account with ATCBrokers but they require me to provide:

All information about me, INCLUDING:
Social Security Number
Date of Birth
All bank account information
and more..

They could literally do anything they want to my things with all of this information! Is this normal?

When you say all bank information, what do you mean? Account number and routing number?

All the other info is normal, but if they want the account and routing number, I'm not sure if that's normal. However, when you send them a wire or a check, they'll have that anyways.

You can ask ATC why they need the info but I've had a LIVE account with them and can vouch for the owner Dave. They run a GREAT operation!! You'll be happy with the service and the platform. When they were testing their system made a few errors on my account and he personally refunded the mistakes.

Yeah I've heard many good things about ATC, I'm just paranoid about giving ALL my information, even my DNA. but I guess that's just the way its done..

All that info is absolutely normal. Most require tax info signed as well. I would suggest that(to be safe) u open a bank account that ONLY services your 1 trading account. That Credit or Debit card is ONLY used with that 1 account. Makes it way easier to spot dirty business and fraud. I have seperate bank accounts and Paypal accounts for each trading account(2). Good luck.

It's normal for brokers to ask for so much information as they need to verify your identity. Secondly, there're regulations that require brokers to get all this information and in fact it's very inconvenient for them as well as it involves more work for them.
I know it UK they are not allowed to ask you for information which is not needed and customers are protected by data protection act which states that companies are not allowed to keep information which is not relevant.

Thanks everyone. I was actually thinking about the separate bank account though... good idea

I also like the separate account idea. You could keep low funds in it until you've verified that the operation is legitimate. Then, you can either move your funds in a manner you feel appropriate, or go through the minor trouble of just giving them a separate account. The plan seems to minimize the risks.