They will start of being independent from fxcm next month, I was told. With lower commissions and more lp's, lower spreads etc. Eurusd is supposed to be .2/.3 pip, commission $30 per million.
They will start of being independent from fxcm next month, I was told. With lower commissions and more lp's, lower spreads etc. Eurusd is supposed to be .2/.3 pip, commission $30 per million.
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dont think they have the money to become a full fledge broker, mabe they hooking up with another broker as IB gain
Still will never be my favorite brokerage, but it does look like they're setting up to be a full fledged brokerage outside the US: https://www.fsa.gov.uk/register/firm...0__?sid=309581 Looks like they're teaming up with a "Mr Ruscak Vladimir", same guy behind "FX Hill"
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so they will probly still use fxcm for u.s. clients
{quote} so they will probly still use fxcm for u.s. clients
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I would agree. Can't see ATC wanting to put up the $20m in net capital they would need to to get setup in the states as an FCM/FDM. Not to mention, since they have that BCC and fine from the NFA for taking the other side of their clients' trades I can't see the NFA making it any easier for them to get started.
They will start of being independent from fxcm next month, I was told. With lower commissions and more lp's, lower spreads etc. Eurusd is supposed to be .2/.3 pip, commission $30 per million.
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Not the most competitive just OK commission. The problem what I have with them is their exclusive usage of MT4 platform which is really not an ECN-friendly platform and as we have known can allow plug-in's installed that would allow broker to engage in direct market/price manipulations in favour of broker at the expense of the trader.
Still will never be my favorite brokerage, but it does look like they're setting up to be a full fledged brokerage outside the US: https://www.fsa.gov.uk/register/firm...0__?sid=309581 Looks like they're teaming up with a "Mr Ruscak Vladimir", same guy behind "FX Hill"
Hi....does anyone have details as to the leverage rate ATC had on EURCHF on and before Jan15th 2015? If so, also please can you tell me what it was and when it was implemented.
are forex peace army reviews to be trusted? i've been searching for a US FX broker i can trust for a long time now and ATC has a really good review rating at the forex peace army site, so i'm just curious why there isn't much talk of them on here? i just want my trades executed without any funny business...
Joined Sep 2007
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Status: simmer down now
|1,251 Posts
I have a live ATC account. The are an IB to fxcm, which means orders are routed to fxcm as I understand it. But they have their own MT4 servers and from what I am seen executions are decent, spreads okay (not great), and have good client service. In short, I have not seen any funny business. And because they are an IB, they allow hedging. I think funds are held by fxcm. Curious if anyone knows of ATC will break off from fxcm.
I have a live ATC account. The are an IB to fxcm, which means orders are routed to fxcm as I understand it. But they have their own MT4 servers and from what I am seen executions are decent, spreads okay (not great), and have good client service. In short, I have not seen any funny business. And because they are an IB, they allow hedging. I think funds are held by fxcm. Curious if anyone knows of ATC will break off from fxcm.
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ATC UK is a independent company, only the US is IB to FXCM.
I have a live ATC account. The are an IB to fxcm, which means orders are routed to fxcm as I understand it. But they have their own MT4 servers and from what I am seen executions are decent, spreads okay (not great), and have good client service. In short, I have not seen any funny business. And because they are an IB, they allow hedging. I think funds are held by fxcm. Curious if anyone knows of ATC will break off from fxcm.
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Can you guys tell me if there is any positive or negative to using an introducing broker? My whole thing with FXCM is I'm scared to give my money to a company who just got hit by the swiss currency bomb so hard and their stock price is down like 2000% after that whole ordeal. If they went bankrupt, would I lose my entire account? No one seems to be worried about this except me lol, so I must be just being too nervous I guess. I asked Jason in the FXCM thread the same question about an introducing broker, said he'd get back to me, but it's been a long time never heard back..
Joined Sep 2007
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Status: simmer down now
|1,251 Posts
if your trading style requires hedging and you need a U.S. Broker then an IB like ATC is worth looking at. Plus ATC offers other instruments, if you need that. options are limited in the U.S. if you need mt4. If you don't need mt4 and are worried about solvency, use interactive brokers. If you need mt4, then investigate mb trading, a private enterprise. Some serious investors own a large chunk of fxcm now, after the Snb fallout, so much so that there is a class action suit against the company for the dilution to the original shareholders. But the new investors must have liked the deal well enough. I Probably would make more buying fxcm stock than trading fx, lol
Edit: I also see that RJOBrien appears to offer spot as an IB; they are a reputable outfit I hear, although I don't know anything about their LP or technical offerings.
if your trading style requires hedging and you need a U.S. Broker then an IB like ATC is worth looking at. Plus ATC offers other instruments, if you need that. options are limited in the U.S. if you need mt4. If you don't need mt4 and are worried about solvency, use interactive brokers. If you need mt4, then investigate mb trading, a private enterprise. Some serious investors own a large chunk of fxcm now, after the Snb fallout, so much so that there is a class action suit against the company for the dilution to the original shareholders. But the...
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thanks for the help nonlinear! I was going to go with interactive brokers until recently someone told me they've been with interactive for almost 10 years but they recently switched because things have been going downhill at interactive for awhile... oh I also hear quite often that interactive has terrible swap rates, and the minimum lot sizes are not friendly to those that are looking to get their feet wet... they also told me interactive has some tricky to use software, but my plan was simply to use my MT4 charts that i'm familiar with, and then place the trade with whatever software they offer. Is this a valid plan or is it not so simple? sounds like you have faith in FXCM surviving their loan repayments and law suits?
Joined Sep 2007
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Status: simmer down now
|1,251 Posts
if you are trading higher timeframes then you could easily chart off of Mt4 and trade though interactive's software. It gets more difficult when you are trading on lower timeframes and with automated systems. There are a few bridges out there between mt4 and interactive but I hear they can be buggy, particularly if you need a good feed.
I don't have faith in any broker. Best to spread your money around with different brokers until you have enough to get a custodial account.
if you are trading higher timeframes then you could easily chart off of Mt4 and trade though interactive's software. It gets more difficult when you are trading on lower timeframes and with automated systems. There are a few bridges out there between mt4 and interactive but I hear they can be buggy, particularly if you need a good feed. I don't have faith in any broker. Best to spread your money around with different brokers until you have enough to get a custodial account.
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alrighty thanks.. what are the benefits of a custodial account?
