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Asked to send funds before account set up (ATC Brokers) 3 replies

ATC Brokers data feed delayed during news events? 36 replies

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ATC Brokers

  • #101
  • May 11, 2011 11:04am May 11, 2011 11:04am
So what's the verdict on ATC?

I'm looking for an ECN w MT4 to scalp on the 1min, 20 lots and 5-7 pip TP.

Would ATC fit the bill for that? With their low spreads + Commission they appear to be relative to Oanda in operating costs.

My only fear is the 1-3pip slippage talked about earlier in this thread, has anyone else had a similar experience with them? That type of slippage would kill me.

Or should I just go with Oanda? I know not an ECN but the overall sentiment on them seems to be fairly positive and they now have mt4.

Thanks!
  • #102
  • May 11, 2011 6:36pm May 11, 2011 6:36pm
During non news times, I don't think slippage is much of an issue. Execution time has been really good lately too.
  • #103
  • May 12, 2011 1:06am May 12, 2011 1:06am
Quoting daft
Or should I just go with Oanda? I know not an ECN but the overall sentiment on them seems to be fairly positive and they now have mt4.
Their mt4 demo has been pretty bad for me so far (laggy, off quotes, 1 flat out frozen session)... I'm sticking with the java platform for now (which works great!).
Hindsight is 20/20
  • #104
  • Jun 5, 2011 7:00am Jun 5, 2011 7:00am
Any other experiences with ATC?
  • #105
  • Dec 21, 2011 1:21pm Dec 21, 2011 1:21pm
I am a little surprised that there is so little discussions on this forum about ATC Brokers! They seem very good.
I am thinking opening an account with them, or the new ECN PRO account from FinFX.

Anyone using ATC and can give some feedback? Or other feedback and comparisons between ATC Brokers and FinFX?
  • #106
  • Dec 21, 2011 5:03pm Dec 21, 2011 5:03pm
Quoting LFN
I am a little surprised that there is so little discussions on this forum about ATC Brokers! They seem very good.
I am thinking opening an account with them, or the new ECN PRO account from FinFX.

Anyone using ATC and can give some feedback? Or other feedback and comparisons between ATC Brokers and FinFX?
The saying "no news is good news" comes to mind. If a broker always works as advertised without problems, there really doesn't need to be any discussion.

I hope this helps your decision.
Cap
  • #107
  • Dec 21, 2011 5:23pm Dec 21, 2011 5:23pm
Quoting The Captain
The saying "no news is good news" comes to mind. If a broker always works as advertised without problems, there really doesn't need to be any discussion.

I hope this helps your decision.
Interested if there are some slippage issues with ATC? FinFX has some problems with that.
  • #108
  • Jan 14, 2012 1:21am Jan 14, 2012 1:21am
ATC brokers has excellent customer service. They act pretty quickly.

Also, although they use FXCM as quote feeder, you actually get better spreads from ATC than directly from FXCM, because ATC is true ECN, while FXCM is market maker.
  • #109
  • Jan 14, 2012 9:02am Jan 14, 2012 9:02am
Quoting pipsfan
ATC brokers has excellent customer service. They act pretty quickly.

Also, although they use FXCM as quote feeder, you actually get better spreads from ATC than directly from FXCM, because ATC is true ECN, while FXCM is market maker.
Not true how ATC can be ECN while FXCM RAW spread is not?

In fact ATC is using one of the 2 raw spread feeds that FXCM run. Very solid customer service as they care for what they do and their customers base BUT here it's still FXCM execution behind ATC.

Hope it helps
13
Brokers are angels
  • #110
  • Jan 15, 2012 1:13am Jan 15, 2012 1:13am
ATC does not add spreads to the quotes it gets from liquidity providers through FXCM. Since FXCM is a market maker, it adds spreads to the quotes from the liquidity providers before quoting to its clients. Hope this explanation helps.



Quoting fx13
Not true how ATC can be ECN while FXCM RAW spread is not?

In fact ATC is using one of the 2 raw spread feeds that FXCM run. Very solid customer service as they care for what they do and their customers base BUT here it's still FXCM execution behind ATC.

Hope it helps
13
  • #111
  • Feb 11, 2012 4:12am Feb 11, 2012 4:12am
Quoting Trader KGB
Hard to say then, slippage of several pips on that low of an amount is peculiar. These were stop orders executed in quiet conditions?

This is why I don't trade with just a bid/ask feed (anything non-ECN, which technically includes ATC MT4). From years of trading stocks & futures, I simply need a L2/DOM book, especially for larger trades. Otherwise, you're just shooting in the dark and guessing what the liquidity is.
Is the only way to get a useful L2/DOM to have a larger account with a bank or ECN? Like the Active Trader at FXCM?

I saw things like eSignal forex and OrderBookFX, but former seems to be sales data, and the latter could be false data for all I know.

Also, I am looking forward to trading through ATC soon, but I am not sure they still have the DOM feature - it was pasted in a forum a year back, but I don't see that feature mentioned any more on their site.

Do you have any other preferences for overall charting software vs trading software/front ends?
  • #112
  • Mar 24, 2012 7:45pm Mar 24, 2012 7:45pm
Did anyone tried their Trading Station II platform ?

In my humble opinion, it seems to be more reliable and clean than MT4.

MrJinks.
  • #113
  • Aug 22, 2012 7:34am Aug 22, 2012 7:34am
Hello, I have had about 300 orders so far with ATC.

In ATC (FXCM) terms there is a difference between 'quoted price' and 'order fill price'. This is reasonable if you think how the price moves and take into consideration the time that an order takes to be placed.

I mostly use S/L and do not use T/P. Since I trade like that, the nature of the S/L is to be activated when the price moves against you. So, 4/5 times I get a negative slippage. A S/L order is a market order that gets triggered when the price hits the S/L point, so most of the times when price moves in a direction and triggers your S/L, in the next miliseconds, it is most probable for the price to continue moving in that direction.

I have slippage at about 2 every 3 orders, and 4 of the 5 times this is against me. That's when trading liquid pairs in liquid times.

One could make that even if he used T/P orders and got the advantage of the possitive slippage there, but that's according to your trading style.

Same goes for stop and limit entry orders. Limit orders will get filled at better price, while stop at worse.

So, when you trade with ATC and use S/L and not T/P you have to take under consideration the negative slippage.
  • #114
  • Sep 7, 2012 8:22am Sep 7, 2012 8:22am
Today they experienced huge routing problems with their FXCM feed, I lost a big chunk of my account, and generally last 3 days orders during news were taking 6 seconds to 3-5 minutes to clear.

You could go broke easily.


I will submit order reviews about all of those and let you know how it will go from here.

From the MT Terminal Mailbox:

This is a global announcement. Please do not reply here.
FXCM is experiencing technical issues and are working on resolving the matter.
We will send an update once the problem has been resolved.
ATC BROKERS
  • #115
  • Sep 13, 2012 11:24am Sep 13, 2012 11:24am
Looks like ATC ran into some trouble (http://www.forexindustryinsider.com/...ace-nfa-wrath/) anyone's take on it? Serious? Not serious? I know the NFA can be a little over the top from time to time.
  • #116
  • Sep 19, 2012 7:32pm Sep 19, 2012 7:32pm
The audit took place and the results were a pleasant surprise. I was also told that the FXCM problems will not appear again and the frequency of such problems is once in a year or less.

I would never expected that much back. Before the audit took place I was in search of another broker, now I am more than happy and will stick with ATC.

A special thanks to ATC's Dave for his personal work, representing his clients' rights.
  • #117
  • Sep 20, 2012 3:29am Sep 20, 2012 3:29am
brokers never learn even after all the shit that went down the last 5yrs, greed over rule it all http://www.easyfreesmileys.com/smile...mileys-491.gif
  • #118
  • Sep 20, 2012 5:59pm Sep 20, 2012 5:59pm
Quoting Forex2k10
Looks like ATC ran into some trouble (http://www.forexindustryinsider.com/...ace-nfa-wrath/) anyone's take on it? Serious? Not serious? I know the NFA can be a little over the top from time to time.
I will wait for the results in order to judge this.

Personally, I do not think that there is anything wrong if my account orders get matched with opossite orders from my broker. Technically, this fills me faster and with no slippage, as I understand it. As long as the execution time is fast and I get less slippage than on the ECN it is totally fine with me. I don't care what the broker will do next, they might call the opposite positions of 100 small retailers and then send the net position to the market. As long as the price feed is OK(and this is a fact with ATC), and exectuion and slippage are fine, I'll take it! Better than the 50+ pips slippage in fast market times.


I shall wait and see if it was really that ATC bet against their customers, or if ATC made an attempt to fill small customers more effectively. NFA is often very dramatic. Will wait for the outcome.
  • #119
  • Oct 1, 2012 6:10pm Oct 1, 2012 6:10pm
Quoting spips
The audit took place and the results were a pleasant surprise. I was also told that the FXCM problems will not appear again and the frequency of such problems is once in a year or less.

I would never expected that much back. Before the audit took place I was in search of another broker, now I am more than happy and will stick with ATC.

A special thanks to ATC's Dave for his personal work, representing his clients' rights.
Where are the results of the audit and what is the pleasant surprise from the results?
  • #120
  • Oct 24, 2012 8:11pm Oct 24, 2012 8:11pm
I was wondering how much the spread widens during news and Asian session with them (because I heard someone say 6 pips, which is hard to believe). I'm going to start a demo regardless, just wondering if anyone wanted to comment.
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