ATC Brokers (Cayman Islands)
This is an interesting prospect.
Here’s what I’ve observed, after a very quick look at the ATC website –
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38 currency pairs (if I counted correctly)
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FX, metals, and CFDs
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true ECN broker (interbank spreads + commission)
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$6.00 commission, round-turn, per std lot for USD/XXX pairs
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$5,000 minimum initial deposit
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MT4 platform
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Trading week: 5 pm ET Sunday - 5 pm ET Friday
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New York trading day (EOD: 5 pm ET, Monday through Friday)
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roll-over (swaps): 5 pm ET, Monday through Friday; triple roll-over on Wednesday
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segregated customer funds
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bank: NatWest Bank
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regulator: Cayman Islands Monetary Authority (CIMA)
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200:1 leverage for accounts up to $100,000; 100:1 leverage for larger accounts
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minimum trade size: 0.05 lot (5,000 units = 5 micro-lots)
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no negative balance protection
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Terms of Service more complete and detailed than many other brokers
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no mention of restrictions on U.S. or Canadian customers
@FX_Hedge and @SmallPaul – thanks for bringing this broker to our attention