ATC Brokers

Hi,
Do you use ATC broker uk?

anyone use ATC Brokers UK?
http://www.atcbrokers.co.uk/myaccount/

live chat is not available .
atc uk.

ATC filed for bankcruptcy with the California Central Bankruptcy Court under Chapter 11 of the US Bankruptcy Code on 9 February, 2016 , I'm afraid. Apparently they owe a lot more money than they have.

I wonder how that came to be, their US entity was only an introducing broker..

Also, why would anyone want to trade with the UK entity anymore knowing the same owners/directors sent their US company into bankruptcy..

Way to destroy a 10 year+ brand & company they built from the ground up...

They were a dodgy bunch. For example there was this NFA case a few years back. Basically ATC would act as introducing broker to ILQ (another firm that has/had to leave the USA), and ATC would therefor say they are execution only/STP. Only all trades were STP'd into an account at ILQ that was controlled by the ATC-CEOs. In the end they got fined for their bs. Wouldnt be surprised if they blow up in the UK too.

Confirmed. Bankrupt.

Well it appears they purposefully blew up a large managed account, then arranged a shoddy structured bankruptcy to avoid the legal claim, sheesh... Also looks like their UK entity is the next up on the chopping block...

https://leaprate.com/2016/03/atc-bro...eased-porsche/

It says that clients' money are safe because they're handled by another broker, does this still apply if the British entity is in danger as well?

They filed a bankruptcy dismissal and a US court has now approved it, because they reached a settlement with a client. Theoretically speaking, this means they will continue to operate, I assume?