ATOM8 BROKER REVIEW
Description
Former JP Morgan Lawyer David Andrews founded it in 2013. Atom8 is a London ECN broker that provides spread betting, FX and CFD through its proprietary platform and popular MT4. The covered financial instruments cover over 52 currency pairs and metals.
The Australian Vantage Global Prime Group acquired Atom8 Financial Services LLP in October 2017, and it supports the Vantage FX brokerage brand. A British company authorized and governed by the Financial Conduct Authority (FCA).
The FCA regulation is popular for the strict rules and supervision that it applies. To obtain a license from a UK financial regulator, brokers must prove financial stability and meet some requirements.
For example, customer funds are stored in separate bank accounts, and according to the Atom8 website, customer funds are stored in different accounts with the Barclays corporate bank. Besides, brokers based in the United Kingdom must have a minimum of EUR 730,000 to prove their financial stability. Similar minimum capital requirements apply in other jurisdictions. Cyprus brokerage houses should have 1 million euros, and Australian must have at least 1 million USD.
Additional information
Specification: ATOM8 BROKER REVIEW
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