ATC Brokers | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ATC Brokers 1 reply

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

ATC Brokers data feed delayed during news events? 36 replies

FinFX or ATC Brokers? 1 reply

any experience with atc brokers mt4 with ECN data feed? 0 replies

Attachments: ATC Brokers
Exit Attachments

ATC Brokers

  • #121
  • Oct 24, 2012 8:39pm Oct 24, 2012 8:39pm
Their spreads are not always tight. I have noticed a couple of times that they widened the spreads to more than 10 pips during news time. And recently the connection drops quite often.


Quoting Fx93
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.
  • #122
  • Nov 7, 2012 4:00pm Nov 7, 2012 4:00pm
Did anybody's ATC MT4 platform for the live account stop receiving quotes around 16:45pm New York time today?
  • #123
  • Nov 11, 2012 4:02pm Nov 11, 2012 4:02pm
Quoting DaveXXXX
Where are the results of the audit and what is the pleasant surprise from the results?

Actually my orders had passed to the FXCM server, when FXCM came back and were executed. They were buy orders coming from bullish news. I also tried to close a short order 3 times, and actually I opened 3 more buy orders, since a market close order is actually a buy order of the same amount.

It turned out that I could not see the outcome of the orders in my MT4, but when I checked into the FXCM account, all the orders were there and I involuntarily made a nice win.

ATC had also losing orders like mine, (I imagine a trader trying to close 3-4 times a buy order and that turning in opening 2-3 short orders) and tried to ask FXCM to cancel those, while it tried to not cancel mine. The accidental amount of my orders has 5 times smaller than the real amount though, but still I kept both, while 'fair' would be to cancel at lest the accidental, since the other accidental loses were also credited back to losing traders by FXCM.

The FXCM logic, as I understand from my conversation with ATC is: Why should we pay back the losing customers, while leaving winning ones with the money? If we are to cancel transactions, all of those must be cancelled.

Furthermore, I would have exited my trades way earlier than they actually closed. ATC closed those manually about 1.5 hours after the tried, while my original intent was to stay in there for 2-10 minutes.

So, my MT account was showing a loss, and my FXCM account was showing a nice win, ATC told me that it would try for me to keep all the $, and I was after a week informed that it was OK, and they made a matching of the sum in my FXCM account with that on the MT4 platform.
  • #124
  • Edited 2:41am Jan 16, 2013 2:12am | Edited 2:41am
It has been two months since the last post. I hope some active trader with a live account can give some insight over how trading goes, as there were problems mentioned in earlier posts. Please share some information about connectivity, orderfills, slippage, execution delays or anything, positiv and negativ. I see that spreads widen after NY close, gj goes from around 2 to 5-7 pips, does that continue during the large part of the asian session or is that only around roll over time? Someone also mentioned trades/orders didn't come through in atc mt4 while being executed on fxcm, is that something rare or does this happen more often?

I am considering to open an account with either atc or lmax, from what I see they have similar spreads. Lmax commission is lower, but when looking at their order book/depth I see that many times the first next available price is a little .5 pips lower/higher for gj when there is sometimes only 500k at the current quote. So if you execute a trade and some others are in front of you, you will get a different picture about the offered tradeble spreads? I don't know the depth and tradeble size at the current atc quote to be honest.

Hope someone can give an objective opinion.


Thanks
  • #125
  • Jan 17, 2013 3:51am Jan 17, 2013 3:51am
Is it possible to be ECN with MT4???
  • #126
  • Edited 4:27pm Jan 18, 2013 4:17pm | Edited 4:27pm
Quoting pbb
It has been two months since the last post. I hope some active trader with a live account can give some insight over how trading goes, as there were problems mentioned in earlier posts. Please share some information about connectivity, orderfills, slippage, execution delays or anything, positiv and negativ. I see that spreads widen after NY close, gj goes from around 2 to 5-7 pips, does that continue during the large part of the asian session or is that only around roll over time? Someone also mentioned trades/orders didn't come through in atc mt4...
Hello, I have an account on both of these brokers.

It depends on your trading style. Slippage exists both in ATC and LMAX, it is a normal market condition. I have noticed more slippage on my stop orders on ATC though, it is surely more than the LMAX one, and the difference in execution speed is the reason.
On the other side, if you trade less liquid hours like in the Sydney or Tokyo session, then the spreads are tighter with ATC and there is more liquitidy.
LMAX is very good for trading from the London opening till the NY close. But while off-peak hours, they definitely have less liquidity and higher spreads than the ATC. On the other side they charge less.
If you trade during news releases LMAX's spreads will take more time to 'tighten' than the ATC spreads. Real example: NZD/USD trade, 15" after the news were out. I did it with 4 pips on ATC and with 15(that hurt) on LMAX. After 2"LMAX gradually reduced the spread to 4.

Also, LMAX during news releases were the spreads are wider than a threshold they won't let you trade, the ticker will be greyed-out and also any stop orders will not be activated during those few seconds . That condition normally lasts for 3-15 seconds, depending on the liquidity LMAX has and the news. The reason for that is that before any major news release liquidity providers, afraiding they won't be able to hedge their positions and the spreads are wide.

LMAX's ececution time is for traders. ATC's is not. Average fill time with LMAX is miliseconds. If execution speed is of any consideration you should notice this. On the other side, ATC either with TS or MT4 is much much slower. 2 seconds is not rare for an order to get filled and I have had up to 6", which is purely unacceptable for a market order. As you are probably aware MT4 when it comes to execution sucks. Bigtime.

LMAX's charting is not convenient, for me at least. They offer a multicharts connectionand they will rebate you with $100 each month if you keep your account balance over 5000$ and do more than 500 LMAX contracts (500 10K lots). That will suffice to pay for the Multicharts montly fees. Still, pairs like XAU/USD draw wrong candles that touch 0 and mess all the chart and you have to go to edit the data manually.

They are about even in support terms. Same with funding/withdrawing.
  • #127
  • Jan 19, 2013 2:01am Jan 19, 2013 2:01am
Quoting spips
Hello, I have an account on both of these brokers.
Spips, thanks for your answer, much appreciated!
  • #128
  • Jan 19, 2013 8:44am Jan 19, 2013 8:44am
spips: do you actually get these greyed out quotes, due to wide market? I have never seen this in the majors. Althou i don't watch minor crosses. Also, do you see this in MT4 or the web-platform?
  • #129
  • Jan 19, 2013 9:25am Jan 19, 2013 9:25am
Quoting shrike
spips: do you actually get these greyed out quotes, due to wide market? I have never seen this in the majors. Althou i don't watch minor crosses. Also, do you see this in MT4 or the web-platform?
LMAX does not offer MT4, there are some brokers that use LMAX's liquitity and provide MT4 to their clients but you can never know that they only use LMAX's liquidity and that your orders are actually routed and not going to a 'B book'. And of course you can never know if virtual dealer pluggin is used.

There are greyed out quotes on the majors on big news announcements like the ECB's or BoE's rate announcements. But they don't last as long as if it was a minor pair.

Taken from LMAX's 'order execution policy'

In the event that the bid and ask prices of an instrument quoted on the MTF widen beyond the ‘trusted’ range prescribed by the MTF, the MTF will not accept any new Orders until the affected bid and ask prices fall back to within the ‘trusted range’. This measure is deployed by the MTF with the aim of maintaining an orderly trading market.


Additionally whilst an Instrument is deemed to be ‘untrusted’:


> unmatched limit orders and contingent take profit orders already on the order book will remain
on the order book and it will not be possible to change them (although it will still be possible to
cancel them)
> Stop loss Orders will not trigger until normal pricing resumes
  • #130
  • Jan 19, 2013 9:35am Jan 19, 2013 9:35am
I know. I have just never actually seen it happen. What i did see is that index CFDs are notoriously unreliable during big news, sometimes there are no quotes at all visible for a short time. I have seen ridiculous index spreads bit no greyed out quotes.

WRT to mt4: apparently you can get it upon request(and abit higher commissions), but they dont advertise it. You can also make a mt4 demo.

But it is getting offtopic. The forum admin has a problem with lmax for some obscure reason, so its probably better to stop before he moves this thread into the spam section too.
  • #131
  • Jan 19, 2013 11:27am Jan 19, 2013 11:27am
Quoting coscorp
Hi,

you are sure FXCM is the feed for ATC now? I had heard of HotSpot Retail being sold to FXCM but wa wondering if in fact it had occured.

If confirmed would you be so kind as to check what your BID ASK price was on USD CHF for March 05 at 16:58 to 17:02 (UTC- 5 hrs timezone)?

Thanks in advance
Pacific it is broker ?
  • #132
  • Jan 22, 2013 7:17am Jan 22, 2013 7:17am
Quoting pbb
It has been two months since the last post. I hope some active trader with a live account can give some insight over how trading goes, as there were problems mentioned in earlier posts. Please share some information about connectivity, orderfills, slippage, execution delays or anything, positiv and negativ. I see that spreads widen after NY close, gj goes from around 2 to 5-7 pips, does that continue during the large part of the asian session or is that only around roll over time? Someone also mentioned trades/orders didn't come through in atc mt4...
Thanks all for the input. Besides ATC and LMAX I also added LCGFX (not lcg markets) to the list.
  • #133
  • Apr 29, 2013 9:21am Apr 29, 2013 9:21am
Hi,
Does anyone have information on ATC Brokers (http://www.atcbrokers.com/). Everywhere I read seems to be positive reviews. Any information positive or negative would be appreciated, thanks!
  • #134
  • Apr 30, 2013 8:08pm Apr 30, 2013 8:08pm
Thanks for the info here. I was in the process of opening an account with ATC when I came across the "FXCM agreement". I didn't realize that the were an IB for FXCM which kind of spooked me at first. Seems like the general consensus is that ATC is worth trying out.
  • #135
  • May 1, 2013 3:26am May 1, 2013 3:26am
I have a small account with ATC. No complaints here, good execution, great customer service and the spreads are very good. If you have a look on FPA they have the highest review ratings out of any reputable broker, not that you should rely only on reviews.

Best of Luck
  • #136
  • May 1, 2013 4:35am May 1, 2013 4:35am
I heard that they are considering getting fsa approved themselves instead of using fxcm and then also adding more liquidity providers except from the fxcm raw feed.
  • #137
  • May 1, 2013 5:18am May 1, 2013 5:18am
Quoting pbb
I heard that they are considering getting fsa approved themselves instead of using fxcm and then also adding more liquidity providers except from the fxcm raw feed.
That would be really good. I would also like it if they would support other platforms like Multicharts.
  • #138
  • May 2, 2013 1:25am May 2, 2013 1:25am
Quoting cadx82
Hi, Does anyone have information on ATC Brokers (http://www.atcbrokers.com/). Everywhere I read seems to be positive reviews. Any information positive or negative would be appreciated, thanks!


Have you checked out: http://www.forexpeacearmy.com/public...broker_reviews


Look good - only thing is the minimum deposit requirement of $5000!
  • #139
  • May 6, 2013 1:53pm May 6, 2013 1:53pm
Already a discussion on this broker. http://www.forexfactory.com/showthread.php?t=156587
  • #140
  • May 8, 2013 11:37pm May 8, 2013 11:37pm
We worked with ATC long time ago, about 5 yrs ago (our firm does forex website design). From our personal experience they were very upfront, worked hard, not crooks at all, very diligent about everyting and paid their bills :-).. Hope this helps, good luck!
0 traders viewing now