ATM Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
Business
License
Issues with getting access to my personal account long time ago, their support staff helped me quickly. Very grateful. However, I have to complain that spreads offered were not so narrow as it claimed.
In this comprehensive review of ATM Capital, we delve into the key features, user experiences, and expert opinions surrounding this forex broker. Overall, the feedback is mixed, with some users praising its trading conditions and platform features, while others express concerns about regulatory issues and customer support. Notably, the broker offers a wide range of trading instruments and a high leverage option, but its offshore regulation raises red flags for potential investors.
Note: It's essential to be aware that different entities operate under the name "ATM," which can lead to confusion. This review focuses specifically on ATM Capital and its offerings.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service | 5 |
| Trading Experience | 6 |
| Trustworthiness | 4 |
| User Experience | 5 |
| Regulatory Compliance | 3 |
We assess brokers based on a combination of user feedback, expert analysis, and factual data from various sources.
ATM Capital, established around 2022, is a forex broker that operates under the jurisdiction of the Seychelles Financial Services Authority (FSA). It offers trading on the MetaTrader 5 (MT5) platform, known for its user-friendly interface and advanced trading tools. The broker provides access to a diverse range of tradable assets, including forex pairs, commodities, stocks, indices, and cryptocurrencies. However, the lack of robust regulatory oversight raises concerns about the safety and reliability of trading with this broker.
Regulatory Status:
ATM Capital is regulated by the Seychelles Financial Services Authority (FSA), which is often considered an offshore regulatory body. This means that while the broker is technically regulated, the oversight may not be as stringent as that of brokers regulated in major financial centers. According to sources, the lack of a solid regulatory framework can lead to higher risks for traders, especially regarding fund protection and transparency.
Deposit/Withdrawal Methods:
The broker supports various deposit and withdrawal methods, including bank wire transfers, credit cards (Visa, MasterCard), and popular e-wallets like Skrill and Neteller. A notable feature is the acceptance of cryptocurrencies like Bitcoin and Ethereum, which adds flexibility for traders who prefer digital currencies. However, the processing times for withdrawals can vary, and users have reported delays in receiving their funds.
Minimum Deposit:
ATM Capital requires a minimum deposit of $50 to open a live trading account, which is relatively low compared to many other brokers in the market. This accessibility can be attractive to new traders looking to enter the forex market without a significant financial commitment.
Bonuses/Promotions:
The broker offers promotional bonuses, including a 100% trading bonus on deposits, which can effectively double a trader's initial investment. However, users should be cautious as these bonuses often come with stringent trading volume requirements that must be met before withdrawal.
Tradable Asset Classes:
Traders at ATM Capital can access a wide variety of instruments, including over 35 forex currency pairs, commodities like gold and silver, stocks, indices, and more than 20 cryptocurrencies. This diverse offering allows traders to diversify their portfolios and take advantage of various market opportunities.
Costs (Spreads, Fees, Commissions):
The cost structure at ATM Capital varies depending on the account type. The standard account features spreads starting from 1.5 pips, while ECN accounts can offer spreads from 0 pips but may incur commissions. Users have noted that while the spreads are competitive, the overall cost can add up, especially for frequent traders.
Leverage:
ATM Capital offers high leverage of up to 1:500, which can significantly amplify trading potential. However, it's crucial to understand that high leverage also increases the risk of substantial losses, making it essential for traders to use risk management strategies effectively.
Allowed Trading Platforms:
The broker primarily supports the MetaTrader 5 platform, which is favored for its advanced charting tools and automated trading capabilities. While MT5 is a robust platform, some users have expressed a desire for additional platforms like MetaTrader 4, which is still popular among many traders.
Restricted Regions:
ATM Capital has specific restrictions on certain countries, which may limit access for potential clients in regions where regulatory compliance is a concern. It is advisable for users to check their eligibility before attempting to register.
Available Customer Support Languages:
Customer support at ATM Capital is available in multiple languages, including English. However, users have reported mixed experiences regarding the responsiveness and effectiveness of the support team, with some expressing frustration over delays in communication.
| Category | Detailed Explanation |
|---|---|
| Account Conditions | The minimum deposit is low, but the regulatory concerns detract from the overall score. |
| Tools and Resources | MT5 platform provides excellent trading tools, but the lack of educational resources is a downside. |
| Customer Service | Mixed reviews on support effectiveness and responsiveness. |
| Trading Experience | High leverage and a wide range of instruments enhance the trading experience, but costs can accumulate. |
| Trustworthiness | Offshore regulation raises concerns about fund safety and transparency. |
| User Experience | Generally positive, but some users report issues with withdrawal times and customer support. |
In conclusion, while ATM Capital offers attractive features such as low minimum deposits and a wide range of tradable instruments, potential investors should carefully consider the risks associated with offshore regulation and customer support challenges. As always, conducting thorough research and understanding the terms and conditions is crucial before engaging with any broker.
FX Broker Capital Trading Markets Review
