The ATC Brokers minimum deposit amount to open a real trading account is 2,000 US Dollar. The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours
ATC Brokers Minimum deposit required is US Dollar 2,000.
The minimum deposit amount of US Dollar 2,000 when registering a live account is equivalent to ZAR 36,766.20 at the current exchange rate between US Dollar and South African Rand on the day that this article was written.
ATC Brokers is a broker that is authorized and regulated by one of the strictest and most demanding regulating entities namely the FCA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.
In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
In addition to ensuring client fund security through segregated accounts, regulated brokers such as ATC Brokers are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.
Deposit fees and deposit methods
ATC Brokers does not charge any deposit fees when traders fund their trading account and the methods through which traders can fund their accounts is by making use of Bank Wire Transfers, Credit/Debit Cards and Skrill.
ATC Brokers only supports the following two deposit currencies in which traders can fund their accounts:
- USD, and
Step by step guide to depositing the minimum amount
Once the trader has completed the process of applying for a real account and the application has been approved, the trader will receive email instructions on how to deposit the minimum amount.
Unfortunately, the steps are not outlined on ATC Brokers’ website which may pose a problem for prospective traders who are evaluating brokers as the ease with which deposits can be made is a crucial factor to consider when choosing a broker.
Traders should take note that with making deposits by using Bank Wire Transfer, the transactions may take a certain amount of time depending on the method, time of the day, any day of the week.
Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.
Traders need to note that ATC Brokers only supports two deposit currencies, and should minimum deposits be made in any other currency, the bank will automatically convert the currency to USD or EUR at an exchange rate determined by the bank.
Pros and Cons
|Deposit fees are not charged||Only two deposit currencies supported namely USD and EUR|
|Bank Wire transfer is a trusted method of payment||Only one payment method accepted|
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What is the minimum deposit for ATC Brokers?
US Dollar 2,000.
How do I make a deposit and withdrawal with ATC Brokers?
ATC Brokers offers the following popular deposit and withdrawal methods:
- Bank Wire Transfer
- Credit/Debit Card
ATC Brokers prohibits third-party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.
Do ATC Brokers charge withdrawal fees?
- Bank Wire Transfer – US Dollar 40, €30, or £25 depending on the account currency.
- Skrill – 1%
How long does it take to make a withdrawal?
- Bank Wire Transfer – up to 7 business days.
- Credit/Debit Card – Instantly.
- Skrill – up to 24 hours.