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Atlantic Securities was founded in 2001 in Cyprus. The company has been a member of the Cyprus Stock Exchange since September 2001. Also, the broker has been a member of the Athens Stock Exchange since September 2006. Atlantic Securities is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company was established based on the traditional financial brokerage model: it offers offline and online trading services and provides direct access to major stock exchanges around the world.
The broker acts as an intermediary between clients and the market as well as liquidity providers. Thus, traders can get transparent prices and better market access in order to succeed in the global financial markets. Atlantic Securities provides a wide range of exchange-traded products, including stocks, indices, options, commodities, futures, currency pairs, and bonds through special clearing houses.
Atlantic Securities provides the following services under the CySEC license:
1. reception and placement of orders for one or several financial instruments
2. fulfillment of orders on behalf of the client
3. portfolio management
4. storage and management of financial instruments
5. provision of loans/borrowings for one or more financial instruments
6. currency exchange related to the provision of investment services
Trading conditions
Atlantic Securities’ official website does not contain any information about trading conditions. There is an ‘Online trading’ button on the website, which redirects the trader to his/her personal account. It should be noted that in order to activate a trading account, the client needs to deposit a relatively high sum of money. The exact amount of a deposit is not mentioned on the website. In addition, there are no details on leverage, minimum and maximum trade size, as well as other details. Information about bonuses or ongoing promotion offers is also missing. To receive these data, a trader needs to contact the support service.
Payment methods
Atlantic Securities offers the following payment methods: wire transfers and deposit/credit cards. The broker does not provide any ways of online payment.
Trading platforms
Atlantic Securities has its own trading platform which, according to traders, is not as advanced as the popular MetaTrader4 or cTrader software. However, this disadvantage is offset by the fact that Atlantic Securities’ clients can trade on the go, contacting the 24/7 dealing desk in order to place and close orders during the trading week.
Safety
Among the advantages of Atlantic Securities are freedom from financial fraud and stability of trading which are achieved thanks to the CySEC regulation. The Cyprus Securities and Exchange Commission is controlled by the European MiFID which ensures the safe and reliable operation of forex brokers in Europe.
Support service
The main office of the company is located in Nicosia, Cyprus. Clients can contact the broker via phone, e-mail, and an online enquiry form.
Traders’ reviews
Mainly, complaints of traders are related to the Atlantic Securities trading platform, which is malfunctioning and contains software errors. There are also negative reviews about the work of the support service and problems with the withdrawal of funds.
Advantages and disadvantages
Atlantic Securities offers its brokerage services to all investors in the European Union which is regulated by the EAOC initiative. This enables European companies to use their single regulatory license to operate anywhere in the EU. In case of illegal activity, any broker that sells its services in European countries is subject to disciplinary action. Thus, Atlantic Securities brokerage services are protected from financial impropriety which is also a considerable advantage.
Among the disadvantages are the lack of detailed information about trading, as well as the lack of training materials and a bonus system. Also, one of the drawbacks is the lack of a special mobile trading application. The Atlantic Securities trading platform is inferior in its technical characteristics to MetaTrader4 and cTrader.
