ATC Low spread, what's the catch? | Forex Factory

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ATC Low spread, what's the catch?

  • #1
  • First Post: Aug 11, 2010 7:11pm Aug 11, 2010 7:11pm
http://www.fxintel.com/live/ shows that MB and ATC brokers have lowest spreads - but is there any catch? Like commissions or execution? Anyone with experience with them?
  • #2
  • Aug 12, 2010 2:38am Aug 12, 2010 2:38am
ATC is a nice bunch but they use a FXCM price feed. VERY glitchy!!! Ask them if they still use them for liquidity. If so skip ATC. (you'll thank me for this)
  • #3
  • Aug 12, 2010 1:29pm Aug 12, 2010 1:29pm
Whats so bad? Haven't had any problems for months after they said they made some kind of server fix (forget exactly).
  • #4
  • Aug 12, 2010 1:48pm Aug 12, 2010 1:48pm
Quoting Skyhr
commissions
8 USD per round turn lot.
  • #5
  • Aug 12, 2010 11:58pm Aug 12, 2010 11:58pm
Quoting Hyper
8 USD per round turn lot.
Isn't this relatively good?
  • #6
  • Aug 13, 2010 12:02am Aug 13, 2010 12:02am
Quoting Aja
ATC is a nice bunch but they use a FXCM price feed. VERY glitchy!!! Ask them if they still use them for liquidity. If so skip ATC. (you'll thank me for this)
How is this bad?
  • #7
  • Aug 13, 2010 12:03am Aug 13, 2010 12:03am
Quoting Skyhr
Isn't this relatively good?
very good
  • #8
  • Aug 13, 2010 12:17am Aug 13, 2010 12:17am
Quoting Skyhr
Isn't this relatively good?
Actually if it was $8/100K USD it wouldn't be very good; you can get much lower. BUT, with ATC it's $8/100K round turn regardless of pair, so that's a huge benefit if trading GBP for example.

At $8/100K USD, it would cost about $12.48 to trade a GU lot. But at $8 regardless of pair, it's only $8
  • #9
  • Aug 13, 2010 12:22am Aug 13, 2010 12:22am
Quoting Skyhr
How is this bad?
How is a glitchy price feed bad? Not sure how to answer that one, as it would seem obvious. Don't you want a stable platform and flow of price updates that doesn't cut out unexpectedly?

However, I can testify that ATC has gotten a lot better with this. Far fewer problems than previously which is good because I was about ready to leave them.
  • #10
  • Aug 14, 2010 7:52pm Aug 14, 2010 7:52pm
Quoting TC East
How is a glitchy price feed bad? Not sure how to answer that one, as it would seem obvious. Don't you want a stable platform and flow of price updates that doesn't cut out unexpectedly?

However, I can testify that ATC has gotten a lot better with this. Far fewer problems than previously which is good because I was about ready to leave them.
I have received a reply from ATC and FXCM is indeed one of the liquidity providers. In view of your experience and this fact, would you be willing to say that going with ATC and not anyone else would be an awesome choice?

I'm currently thinking that ATC would be pretty good choice. I was about to go with PFG though.
  • #11
  • Aug 14, 2010 8:11pm Aug 14, 2010 8:11pm
What about interactive brokers? I hear they go as low as 0.5 pips on EUR/USD. I get about 1 pip on Dukascopy. Both seem lower than ATC.
  • #12
  • Aug 14, 2010 11:08pm Aug 14, 2010 11:08pm
Quoting Skyhr
I have received a reply from ATC and FXCM is indeed one of the liquidity providers. In view of your experience and this fact, would you be willing to say that going with ATC and not anyone else would be an awesome choice?

I'm currently thinking that ATC would be pretty good choice. I was about to go with PFG though.
Ha, I actually have a PFG account as well. The thing with ATC is the guys running the company are very honest, stand up guys that I trust. How many clients can say that about their forex broker? When you consider that, and compare their spreads, commissions, etc. with other brokers, I think they are hard to beat. And as mentioned, the technical issues are very infrequent these days. I've been happy with them, and can recommend them overall.

PFG is ok too, but their spreads aren't quite as good. I'd say you'd be fine with either one though. Advanced Markets in Charlotte, NC is another good one, but commissions a bit high.

Best wishes
  • #13
  • Aug 14, 2010 11:50pm Aug 14, 2010 11:50pm
Quoting Skyhr
I have received a reply from ATC and FXCM is indeed one of the liquidity providers. In view of your experience and this fact, would you be willing to say that going with ATC and not anyone else would be an awesome choice?

I'm currently thinking that ATC would be pretty good choice. I was about to go with PFG though.
I've heard atc's feed is the exact same feed as fxcm's advanced trader platform. Active trader costs 50k upfront to open an account, while atc is 5k. Active trader commish .6, atc .8. So there are obvious pros and cons between the two. I personally use atc, and can only say good things about them. Always refunded everytime I've had a problem, and obviously their spreads are tough to beat. Only a few places I've seen that can beat them, and they are all way to random for me to use.
Beyond these two, I'd probably go with IB if you have a lot of cash. You can negoiate your commish if your volume is high, and then it would be cheaper overall. Not to mention all of the other benefits IB offers, which is basically anything you can think of, but charting.
  • #14
  • Last Post: Aug 15, 2010 7:20pm Aug 15, 2010 7:20pm
Quoting Jlr
I've heard atc's feed is the exact same feed as fxcm's advanced trader platform. Active trader costs 50k upfront to open an account, while atc is 5k. Active trader commish .6, atc .8. So there are obvious pros and cons between the two. I personally use atc, and can only say good things about them. Always refunded everytime I've had a problem, and obviously their spreads are tough to beat. Only a few places I've seen that can beat them, and they are all way to random for me to use.
Beyond these two, I'd probably go with IB if you have a lot of cash....
I believe minimum funding for ATC is now $2500. It's $5000 if you want to use Ninjatrader.
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