Traders who are looking to enter the FX market with a nominal trading amount will be sorely disappointed with the fact that Atom8 is a Forex broker that caters only to traders with a substantial trading capital. Atom8 is the brainchild of an ex-JP Morgan lawyer who launched the company in with the intention of offering a simplified and transparent brokerage service that adheres to all the ethical standards of modern day trading.
Atom8 boasts of a respectable trader-oriented approach that is entirely different from the several scam brokers that are rampant in the industry. Most of the corrupt brokers enter the market to make profits by taking trades against their clients or siphon money away from unsuspecting investors by withholding payments or by tweaking the platform to display incorrect feeds.
Traders can choose from several Atom8 trading platforms that include: Atom8 has also designed several proprietary Atom8 interfaces that are designed for Windows, Mac, and Web Trader platforms. These desktop based trading terminals offer a superior graphical interface to existing platforms and are easy to learn as well as trade. Traders have unprecedented access to several advanced analytical tools, indicators, charting software, and educational resources to perform extensive market research.
The Atom 8 Trader and Atom8 Trader Pro versions are similar to each other in most aspects, apart from the fact that the Atom 8 Trader platform is used for manual trading, while the Atom8 Trader Pro platform is used for automated or algo trading.
Moreover, Atom8 mobile trading platforms such as the iOS and Android Atom8 apps are designed purely for mobile devices such as smartphones and tablets. All Atom8 platforms are connected to high-speed servers through secure encryption protocols to ensure that traders can enjoy a fuss-free trading experience. FCA is renowned for its strict regulatory guidelines and specifies several protocols that help traders to stay safe from broker abuse or financial malpractices.
All FCA member firms should have their financial transactions verified by an approved third party auditor, and brokers should also have proper records of all client financial transactions. Atom8 only provides two different types of trading accounts that are based on the ECN platform.
There are no significant differences between the two ECN accounts, and the primary difference being restricted to the commission associated with trading. Both accounts have access to all the 52 currency pairs, commodities, and precious metals, and can be opened as either an FX account or a spread betting account. A spread betting account is only available to residents of UK and Ireland. Of course, the broker justifies its higher cost of entry by offering world-class brokerage services for all types of traders without any difference, but it is certainly a disadvantage for retail traders who have far less money as their trading capital.
The good thing about Atom8 is that they treat all of their traders, whether it is an institutional trader or an average retail trader, with equal status and utmost respect. Atom8 spreads are highly competitive, as the broker connects a trader to 20 different liquidity providers to match the best quotes available in the market.
The spreads start from 0. The company has been consistently offering lower spreads, which is indeed ideal for traders in reducing their cost of their trading. The maximum Atom8 leverage available is restricted to 1: The broker also reduces the leverage to as low as 1: Therefore, overnight traders should be careful about using a high leverage, since changing margin requirements over weekends can cause margin calls, which can result in significant losses.
Atom8 is certainly one of the better Forex brokers that are committed to treating their clients with honesty and respect. The broker has several trading conditions that are in direct conflict with high-risk trading strategies, but the company remains committed to offering a low-risk trading environment where traders are forced to follow conservative strategies to make money in the FX market. Your email address will not be published. Experience with this broker Months.
Time limit is exhausted. Atom8 Review Traders who are looking to enter the FX market with a nominal trading amount will be sorely disappointed with the fact that Atom8 is a Forex broker that caters only to traders with a substantial trading capital. Was the information useful? Do you have any experience with this broker?
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