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  • ATC Brokers

    Someone here mentioned they were a good broker and handled hedging on the back end. I e-mailed them and asked a few questions. here is their response:

    Dear Valued Client,


    We understand your concerns regarding your trading account in light of the unprecedented move in Swiss Franc pairs.

    Please rest assured that ATC BROKERS is fully operational.

    With no material losses to report, we are pleased to announce that ATC Brokers Ltd. (UK division) has not been adversely impacted due to recent market volatility. Client funds remain safe and are held in segregated client accounts in accordance with strict FCA client money rules.

    ATC BROKERS (US division) is an introducing broker to FXCM and your funds are held with FXCM. We recognize that the recent news offered to the public is a cause for worry and are glad to see that FXCM was able to secure 300M financing within one day. Normal trading and operations will continue for all of its customers.


    We appreciate your business and are available should you have any questions.


    Best regards,


    ATC BROKERS

  • #2
    @Nick any chance to add this broker to VIP list?

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    • #3
      http://smnweekly.com/2016/02/29/fxcm...or-bankruptcy/

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      • #4
        Woops...
        Wasn't this one of Viper's brokers?

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        • #5
          Yeah, I just got a notification from FXCM that they filed. Closed my account.
          Any other brokers that can handle non fifo trades for US residents?

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          • #6
            Originally posted by keawakapu View Post
            Yeah, I just got a notification from FXCM that they filed. Closed my account.
            Any other brokers that can handle non fifo trades for US residents?
            You should still be able to trade through ATC without these restrictions? The information I have is that it's business as normal, this is simply an internal restructure.
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            • #7
              Originally posted by Nick View Post
              You should still be able to trade through ATC without these restrictions? The information I have is that it's business as normal, this is simply an internal restructure.
              That may be so, however I haven't received anything from ATC saying "all is ok", just an email from FXCM. I would think if everything was truly business as usual they would at least notify their clients. I've been burned by flaky companies before and I just don't want to risk it.

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              • #8
                Originally posted by keawakapu View Post
                That may be so, however I haven't received anything from ATC saying "all is ok", just an email from FXCM. I would think if everything was truly business as usual they would at least notify their clients. I've been burned by flaky companies before and I just don't want to risk it.
                Kinda agree with you, they were a good IB, but a bit failed with the communication recently...

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                • #9
                  https://leaprate.com/2016/03/atc-bro...eased-porsche/

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                  • #10
                    Shit, i just deposited 10K into the Trusted MAM at ATC UK

                    Do you think they will process withdrawals today ?
                    Last edited by manonmars; 03-03-2016, 10:09 PM.

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                    • #11
                      Nick,

                      Any updates on this news about ATC?

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                      • #12
                        Got this email from FXCM today:

                        Please be advised as of the close of trading on March 18, 2016, FXCM is no longer recognizing Avail Trading Corp as a Referring Broker with FXCM as FXCM is terminating its relationship with Avail Trading Corp.

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                        • #13
                          A note to account holders from FXCM regarding ATC. This could be a problem. Although we can transfer accounts, i don't believe FXCM allows the type of trading that several of the signal providers operate under. Still haven't heard a peep from ATC directly on this topic. Not sure if they have a different funding source they can align with or what.

                          Here is the note:

                          FXCM
                          Dear Client,
                          Please be advised as of the close of trading on March 18, 2016, FXCM is no longer recognizing Avail Trading Corp as a Referring Broker with FXCM as FXCM is terminating its relationship with Avail Trading Corp.
                          Your trading account with us will remain open as an FXCM retail account and your login information will remain the same. Please visit MyFXCM.com for any account maintenance needs.
                          If you are currently using FXCMs platform you will experience no change. If you are currently trading on ATCs platform your account will be transitioned to FXCMs Trading Station platform in order to avoid interruptions in your trading. Effective after the close of trading on March 18, 2016, your current account will only be accessible through the FXCM Trading Station platform. Your account number will not change and any open positions will remain. Your current read-only login will convert to a login with full trading access to the Trading Station platform.
                          If you prefer to continue trading with the MT4 platform, you can request a portion or all of your funds be transferred to an MT4 account at www.myfxcm.com. Please note that in order to transfer to FXCMs MT4 platform, your account will need to be flat (no open positions).

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                          • #14
                            I pinged ATC directly to see if they had any guidance on what was going to happen. Below is their response. Sounds like they are going to try to hook up with another forex dealer member in the coming weeks. Hard to know who that would be and how stable they are, or when exactly. In the meantime, we are probably in a bit of a mess depending on which signals we have on our accounts and how they trade. I saw Glocks response in the Viper thread and i am still a little confused as i don't think Viper's signals would work on their FIFO MT4 platform, if Viper would even choose to go with them.


                            Subject: RE: FXCM decision
                            As of the close of trading on March 18, 2016, FXCM is no longer recognizing Avail Trading Corp, dba, ATC Brokers as a Referring Broker with FXCM, as FXCM is terminating its relationship with ATC Brokers. ATC Brokers will be establishing a new relationship with a new Forex Dealer Member. We will be implementing a new back office technology in correlation with the FDM and provide the well known MT4 trading platform that our clients are accustomed to using with the same great service offered by ATC. We anticipate to have the new infrastructure in place in the coming weeks. Should you decide to remain with FXCM, please proceed with the instructions provided by FXCM.

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                            • #15
                              Looks like they withdrew their bankruptcy filing. Let's see if they get picked up by somebody. Definitely miss having a US broker with non-fifo MT4.

                              http://smnweekly.com/2016/04/15/us-c...tcy-dismissal/

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