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ATC Brokers

  • #61
  • Edited 5:04pm Mar 30, 2011 4:11pm | Edited 5:04pm
Quoting Jlr
-There will be no Freeze Zone, you will have the ability to trade inside the spreads.
I'm sure this was an FXCM-imposed limitation (not ATC's fault), but I'm surprised this was the case until now.
  • #62
  • Mar 30, 2011 4:30pm Mar 30, 2011 4:30pm
"The Limit Orders will be sent as a Market Order once the market price has reached your limit price."

That would be called a stop order everywhere else.
  • #63
  • Mar 30, 2011 4:44pm Mar 30, 2011 4:44pm
Quoting Jlr
-The Limit Orders will be sent as a Market Order once the market price has reached your limit price.
Yet on their website it says:

"Partial fill orders will remain working once a fractional amount of the contracts are filled. Unlike some bridge connections, limit orders will not turn into market orders once their partially filled."
  • #64
  • Mar 30, 2011 5:03pm Mar 30, 2011 5:03pm
Quoting euclid
"Partial fill orders will remain working once a fractional amount of the contracts are filled. Unlike some bridge connections, limit orders will not turn into market orders once their partially filled."
That's the current order handling they employ, not the proposed 'upgrade'. I guess they're switching back to the old bridge method of handling partial limits..?

Glossed over this on the first glance, thanks for bringing it up shrike. This seems like a step backwards.
  • #65
  • Mar 30, 2011 5:25pm Mar 30, 2011 5:25pm
Looks like even the demo server latency and response time to trade confirmation has improved from when I last tested. I'd give these guys a spin - and they seem to have connectivity to many platforms, but the $8 per full lot turn is among the highest, even on top of the tight spreads. (ie., EU looks to be .8, GY ~2). Appears that they provide up to 200:1 to non US customers, and will accept (and keep) in a wide variety of major currencies including CAD.
  • #66
  • Mar 30, 2011 5:34pm Mar 30, 2011 5:34pm
Quoting Trader KGB
That's the current order handling they employ, not the proposed 'upgrade'. I guess they're switching back to the old bridge method of handling partial limits..?

Glossed over this on the first glance, thanks for bringing it up shrike. This seems like a step backwards.
I was curious about this as well.. The only thing I could see is that "limit orders becoming market orders" would cause less partial fills, although you could get filled slightly above or below.

I've spoke with the President of ATC a few times and the guy is madman for technology - so I doubt it would be a step backwards. It seems like he is really striving to be the best in the industry, and doing a damn good job so far. Trading is flawless with the tightest spreads I have found, and he says they are in the process of going after more liquidity, hooking up with new providers.

Very pumped to see their new MT4, especially that Advance Order plugin.
Cap
  • #67
  • Mar 30, 2011 5:39pm Mar 30, 2011 5:39pm
Quoting Beljevina
Looks like even the demo server latency and response time to trade confirmation has improved from when I last tested. I'd give these guys a spin - and they seem to have connectivity to many platforms, but the $8 per full lot turn is among the highest, even on top of the tight spreads. (ie., EU looks to be .8, GY ~2). Appears that they provide up to 200:1 to non US customers, and will accept (and keep) in a wide variety of major currencies including CAD.
Hey Bel,

Don't think they allow accounts in CAD. When I switched to them about a year ago they didn't, but maybe (hopefully) that has changed, if you find out could you let me know - I will do the same for you.

You won't be disappointed with these guys. I switched from MB Trading and couldn't be happier. And I agree with the response time, it has improved drastically, especially the last few months.

Cheers
Cap
  • #68
  • Mar 30, 2011 5:44pm Mar 30, 2011 5:44pm
Quoting The Captain
I've spoke with the President of ATC a few times and the guy is madman for technology - so I doubt it would be a step backwards. It seems like he is really striving to be the best in the industry, and doing a damn good job so far. Trading is flawless with the tightest spreads I have found, and he says they are in the process of going after more liquidity, hooking up with new providers.

Very pumped to see their new MT4, especially that Advance Order plugin.
I agree, overall they're going in a good direction, they've been on the right path since they first hooked up with Hotspot Retail pre-FXCM. Their rates do leave a bit to be desired though, especially in light of MBT's liquidity rebates.

I would like to see a non-MT4 platform from them when this new liquidity comes online (not FXCM ActiveTrader, ugh). MT4 is great for charting & EAs, but I prefer standard front-ends for manual trading.
  • #69
  • Mar 30, 2011 5:45pm Mar 30, 2011 5:45pm
Quoting The Captain
Hey Bel,

Don't think they allow accounts in CAD. When I switched to them about a year ago they didn't, but maybe (hopefully) that has changed, if you find out could you let me know - I will do the same for you.

You won't be disappointed with these guys. I switched from MB Trading and couldn't be happier. And I agree with the response time, it has improved drastically, especially the last few months.

Cheers
You know what ... I wrote it, then started reading the FAQ, and it says you can't deposit euros, only USD.

I think I confused the leverage rates being more favourable when trading some currencies ...

Actually glad you've confirmed things. I just kinda wish there was some negotiation room on the commissions - I can barely recall anyone having higher.
  • #70
  • Mar 30, 2011 5:46pm Mar 30, 2011 5:46pm
Quoting Trader KGB
I agree, overall they're going in a good direction, they've been on the right path since they first hooked up with Hotspot Retail pre-FXCM. Their rates do leave a bit to be desired though, especially in light of MBT's liquidity rebates.

I would like to see a non-MT4 platform from them when this new liquidity comes online (not FXCM ActiveTrader, ugh). MT4 is great for charting & EAs, but I prefer standard front-ends for manual trading.
i wish they will just open there own broker company instead of being a IB fro fxcm.
  • #71
  • Mar 30, 2011 5:50pm Mar 30, 2011 5:50pm
Quoting PoundTrader
i wish they will just open there own broker company instead of being a IB fro fxcm.
I'm sure they would too, and I'm sure they weighed the pros & cons (I don't think they'd have a problem raising the $20M for net cap). They're one of the biggest IBs, so they probably have a very good rate agreement with FXCM. Even still, I certainly wouldn't be surprised to see them strike out on their own someday (or even FXCM buying them up whole).
  • #72
  • Mar 30, 2011 6:01pm Mar 30, 2011 6:01pm
Quoting Trader KGB
I agree, overall they're going in a good direction, they've been on the right path since they first hooked up with Hotspot Retail pre-FXCM. Their rates do leave a bit to be desired though, especially in light of MBT's liquidity rebates.

I would like to see a non-MT4 platform from them when this new liquidity comes online (not FXCM ActiveTrader, ugh). MT4 is great for charting & EAs, but I prefer standard front-ends for manual trading.
I agree with that. They are basically just redesigning Mt4, so maybe they will eventually just turn it into their own. MT4 is so antique compared to some of these new trading platforms which look really sharp.

Also guys, I would hardly call them an IB for FXCM. They use the FXCM feed, but everything else about them is their own broker.

Regarding commissions, they are slightly high, but the difference is that it's $4 US per side, where as most other brokers, including MB, take the commission in the currency you are trading. So for example at MB, if you are trading GU at 1.6000 that $2.95 per lot becomes $4.70 US per lot ($2.95x1.6) making ATC cheaper.

Also, the move to the 5pm EST candle close makes me so happy. About time brokers started to recognize the real forex daily open/close time.
Cap
  • #73
  • Mar 30, 2011 6:13pm Mar 30, 2011 6:13pm
Quoting Trader KGB
I'm sure they would too, and I'm sure they weighed the pros & cons (I don't think they'd have a problem raising the $20M for net cap). They're one of the biggest IBs, so they probably have a very good rate agreement with FXCM. Even still, I certainly wouldn't be surprised to see them strike out on their own someday (or even FXCM buying them up whole).
more likley FXCM will buy them out, if that happens
  • #74
  • Mar 30, 2011 6:14pm Mar 30, 2011 6:14pm
Quoting The Captain
I agree with that....
they are just a IB, thay can't accept your funds.
  • #75
  • Mar 30, 2011 6:16pm Mar 30, 2011 6:16pm
Quoting Trader KGB
I agree, overall they're going in a good direction, they've been on the right path since they first hooked up with Hotspot Retail pre-FXCM. Their rates do leave a bit to be desired though, especially in light of MBT's liquidity rebates.

I would like to see a non-MT4 platform from them when this new liquidity comes online (not FXCM ActiveTrader, ugh). MT4 is great for charting & EAs, but I prefer standard front-ends for manual trading.
Even at 8$ rt, the cost of trading between mbt and atc, really aren't compareable. Yeah, probably cheaper trading e/u, but most other pairs will be a lot cheaper on atc despite the high commissions. I hope people will check for themselves, though, because I am not positive but..... pretty positive
  • #76
  • Edited 6:42pm Mar 30, 2011 6:30pm | Edited 6:42pm
Quoting PoundTrader
they are just a IB, thay can't accept your funds.
Ok poundtrader,

They are "just an IB", who have their own trading platform, their own software developers, their own tech support, their own account support, their own servers, their own commission structure, their own ECN bridge, and last time I checked have way tighter spreads that are not even possible to get when trading through an FXCM account.

So if you want to refer to them as "just an IB" for FXCM then go ahead, but after trading with them for a year, I only have dealt with ATC and pretty much forgot that my money is even in an FXCM account.

Edit: After reading your past posts, I found many gems such as "if you don't use a lot of limit orders mb trading can be very costly, as much as 20 to 25% of your profit", or "there could be no japan in another month, i suggest all the people leave the island/country"

I feel I have wasted my time even replying to you, so please do not respond to this.

Let's let the ATC discussion continue among adults.

Thanks.
Cap
  • #77
  • Mar 30, 2011 7:37pm Mar 30, 2011 7:37pm
Quoting Jlr
Even at 8$ rt, the cost of trading between mbt and atc, really aren't compareable. Yeah, probably cheaper trading e/u, but most other pairs will be a lot cheaper on atc despite the high commissions. I hope people will check for themselves, though, because I am not positive but..... pretty positive
It depends entirely on one's trading style. I was already using limits on entries, hence MBT's program has been wonderful.

Although many on these forums might discount or overlook the spread/commission factor, lowering your costs over the long-term (even slightly) is extremely correlative to your profitability.
  • #78
  • Mar 30, 2011 7:47pm Mar 30, 2011 7:47pm
Quoting The Captain
So for example at MB, if you are trading GU at 1.6000 that $2.95 per lot becomes $4.70 US per lot ($2.95x1.6) making ATC cheaper.
True, it swings both ways, notional rates were great when GU was north of 2.0. Not so great when AU was <.7500.

While on the topic, none of the ECNs were really beating Oanda on a total cost (net commission) basis on most pairs. The MBT program finally gives them an edge if one's strategy benefits from it. I'm curious if ATC, IB, Duka & LCG can/will lower their total costs as well.
  • #79
  • Mar 30, 2011 7:53pm Mar 30, 2011 7:53pm
Quoting Trader KGB
It depends entirely on one's trading style. I was already using limits on entries, hence MBT's program has been wonderful.

Although many on these forums might discount or overlook the spread/commission factor, lowering your costs over the long-term (even slightly) is extremely correlative to your profitability.
I'm saying, assuming commission, and assuming your getting a discount on every single trade, I still think the only cheaper pair to trade on mbt, would be eu. Again, could be wrong, but was the conclusion I made when mbt came out with their limit order rebates.
  • #80
  • Mar 30, 2011 8:05pm Mar 30, 2011 8:05pm
Quoting The Captain
Ok poundtrader,

They are "just an IB", who have their own trading platform, their own software developers, their own tech support, their own account support, their own servers, their own commission structure, their own ECN bridge, and last time I checked have way tighter spreads that are not even possible to get when trading through an FXCM account.

So if you want to refer to them as "just an IB" for FXCM then go ahead, but after trading with them for a year, I only have dealt with ATC and pretty much forgot that my money is even in an FXCM...
they will tell you they are just a IB with there own software tech, they are not a broker, your money is with FXCM. you should stop trading forex you have no clue,
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