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ATC BROKERS
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ATC BROKERS

  #1 (permalink)
Elite Member
Calgary, AB/Canada
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: AMP/CQG
Favorite Futures: CL, NQ, 6E
 
Posts: 10 since Mar 2013
Thanks: 2 given, 8 received

ATC BROKERS

Hi,

I am a newbie to trading spot forex (only a year old). I wanted to know if any one had any opinions or experiences about ATC Brokers for forex in US. I have been using Oanda and FXCM (DD) in the past and i am not happy with the fact that they hunt for stop loss. I was looking at ATC Brokers' spreads and was very much impressed. Their spreads are better than FXCM Active Trader, MB Trading and Oanda, and they have an STP execution. They seem to use FXCM feeds. I wanted to know that how reliable is the broker, are there regular slippages in filling orders????

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  #2 (permalink)
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  #3 (permalink)
 Vendor: www.fxcm.com 
New York, NY
 
Futures Experience: Advanced
Platform: Trade Station, MT4
Favorite Futures: FX, CFD's
 
FXCM Brad's Avatar
 
Posts: 56 since Mar 2013
Thanks: 75 given, 46 received


Hello punitsomaya!

I work at FXCM and wanted to provide some answers to the questions you asked. FXCM offers two execution models: Non-Dealing Desk (NDD) and Dealing Desk (DD).

NDD, also known as Straight Through Processing (STP), executes trades through various liquidity providers, I believe FXCM has over a dozen.

DD, also known as market making, executes trades directly with the broker Ė there is usually no 3rd party pricing.

As with any broker, there is a risk of slippage Ė thatís the nature of the beast and a risk in trading any financial instrument. In addition to feeling comfortable with your brokerís execution model, Iíd also suggest to research their regulatory licensing. This should help you make the appropriate choice.

Thanks and best of luck trading!

Brad

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
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  #4 (permalink)
Elite Member
Calgary, AB/Canada
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: AMP/CQG
Favorite Futures: CL, NQ, 6E
 
Posts: 10 since Mar 2013
Thanks: 2 given, 8 received

Thanks a lot for your reply. Now, since you work for FXCM i believe you would have some idea of how the introductory brokers work. I read about ATC that FXCM is their liquidity provider, and all trades are executed through FXCM and they just provide the technology to let that happen. (correct my understanding if i am wrong) In such case i am technically holding an FXCM account through ATC brokers...and i dont have to worry if ATC goes bust?

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  #5 (permalink)
 Vendor: www.fxcm.com 
New York, NY
 
Futures Experience: Advanced
Platform: Trade Station, MT4
Favorite Futures: FX, CFD's
 
FXCM Brad's Avatar
 
Posts: 56 since Mar 2013
Thanks: 75 given, 46 received

Hello again punitsomaya!

Thank you for the questions. To be honest, I donít know the answers. I can tell you how the NDD and DD execution models work at FXCM and what happens to funds during a bankruptcy, however I donít know how that impacts clients trading with ATC.

For US clients, please click here for the Required NFA Disclosure.

For UK clients, please click here for Safety of Funds.

It may be best to contact ATC Brokers and ask what will happen if they go bankrupt.

I know this doesnít exactly answer your question, and I hope that ATC can shine more light on the situation. If you have other questions related to FXCM, feel free to post, PM or email me at: bgleason@fxcm.com

Thank you again!

Brad

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
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  #6 (permalink)
 Vendor: www.fxcm.com 
New York, NY
 
Futures Experience: Advanced
Platform: Trade Station, MT4
Favorite Futures: FX, CFD's
 
FXCM Brad's Avatar
 
Posts: 56 since Mar 2013
Thanks: 75 given, 46 received

Hi again punitsomaya!

I just got word back from ATC (I emailed them the question you asked) and hereís what they said:

The application and funds are held with FXCM and the trading technology is offered through ATC BROEKRS. In the event that anything should happen to ATC BROKERS, the clientís funds remain safe with FXCM.

If you would like to learn more about ATC MT4 setup or its IB program, please contact ATC Brokers directly at 818-545-8400.


I hope this alleviates your concern! As always, if you have other questions, please ask!

Thank you!

Brad

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
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  #7 (permalink)
Elite Member
Calgary, AB/Canada
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: AMP/CQG
Favorite Futures: CL, NQ, 6E
 
Posts: 10 since Mar 2013
Thanks: 2 given, 8 received

Brad,

Thanks. I dont know if i should ask you this question or ask ATC, they said they use live feeds from FXCM. Does that mean that they use the unfiltered feeds provided by FXCM (inter bank feeds) and then add spreads or they get feeds from FXCM (which i assume would already have spreads added to inter bank feed by FXCM) and then ATC adds additional spreads before they reach me.

Let me know if i am explaining myself clear enough?

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  #8 (permalink)
 Vendor: www.fxcm.com 
New York, NY
 
Futures Experience: Advanced
Platform: Trade Station, MT4
Favorite Futures: FX, CFD's
 
FXCM Brad's Avatar
 
Posts: 56 since Mar 2013
Thanks: 75 given, 46 received

Thanks for the post.

I donít know how exactly ATC makes money, however I would venture a guess that they take a FXCM price feed and add a markup to it. It would be best to confirm with ATC exactly how they offer pricing.

Thanks again!

Brad

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
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  #9 (permalink)
Elite Member
Calgary, AB/Canada
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: AMP/CQG
Favorite Futures: CL, NQ, 6E
 
Posts: 10 since Mar 2013
Thanks: 2 given, 8 received

Brad,

Just found out, they charge $ 8 RT as commission on $100K lot. so its like 0.8 pip RT to a general transaction. So technically i can get FXCM active trader pricing with $5k deposit instead of $25K(as on FXCM active trader)...get same pricing and execution as them with $ 8 per RT as commission...

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  #10 (permalink)
 Vendor: www.fxcm.com 
New York, NY
 
Futures Experience: Advanced
Platform: Trade Station, MT4
Favorite Futures: FX, CFD's
 
FXCM Brad's Avatar
 
Posts: 56 since Mar 2013
Thanks: 75 given, 46 received


As long as you are happily trading, thatís all that matters to me!

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
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