Abstract:ATROPI LLC is an offshore broker registered in St. Vincent and the Grenadines. This island country has turned into a true safe haven for scammers in recent years because of the fact that its local financial authority does not regulate forex brokers.
ATROPI | Basic Information |
Company Name | ATROPI |
Founded | 2021 |
Headquarters | China |
Regulations | Unregulated |
Tradable Assets | Forex, metals, stocks, CFDs, energy, futures, cryptocurrencies |
Account Types | Nano, Standard, ECN |
Minimum Deposit | Nano: $10, Standard: $100, ECN: $200 |
Maximum Leverage | Nano: 1:1000, Standard: 1:500, ECN: 1:200 |
Spreads | Varying, starts from 0.0 for ECN accounts |
Commission | $6 per lot for ECN accounts |
Deposit Methods | Cryptocurrencies, USDT, PayPal, Perfect Money |
Trading Platforms | MetaTrader 5 (MT5) |
Customer Support | 24/7 live support, Skype, WhatsApp |
Education Resources | Not specified |
Bonus Offerings | 20% deposit bonus for Nano account holders |
ATROPI, established in 2021 and based in China, is a brokerage firm that offers a variety of trading opportunities to its clients. While relatively new to the industry, ATROPI has garnered attention for its wide range of tradable assets, accommodating various preferences and strategies of traders globally. The platform provides access to Forex, metals, stocks, CFDs, energy, futures, and cryptocurrencies, allowing traders to capitalize on market movements across different asset classes.
ATROPI distinguishes itself by providing different account types such as Nano, Standard, and ECN, tailored to suit diverse trading needs and experience levels. Operating on the MetaTrader 5 platform, known for its versatility and accessibility across different devices, ATROPI ensures a seamless trading experience for its clients.
However, it's crucial to note that ATROPI operates without regulatory oversight. Therefore, traders should approach the platform with caution and conduct thorough research before engaging in trading activities. Despite this limitation, ATROPI's broad range of assets, account options, and trading platform make it a notable contender in the brokerage industry.
ATROPI is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like ATROPI, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.
ATROPI presents both advantages and disadvantages for traders considering its services. On the positive side, the platform offers a diverse range of tradable assets, accommodating various trading strategies and preferences. Additionally, it provides flexible account types, catering to different experience levels and risk tolerances. Operating on the MetaTrader 5 platform ensures a user-friendly and comprehensive trading experience across different devices. However, the absence of regulatory oversight poses a significant risk for traders, as it may lead to potential issues regarding transparency and fund security. Prospective traders should carefully weigh these factors before deciding to engage with ATROPI.
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ATROPI offers a wide range of trading instruments across various asset classes to cater to the diverse preferences and strategies of its clientele. These include:
- Forex (FX): Traders have access to major, minor, and exotic currency pairs, allowing them to speculate on the value movements of different global currencies against each other. Forex trading is known for its high liquidity and 24/5 market operation.
- Metals: This includes trading in precious metals such as gold and silver, which are often considered safe-haven assets during times of economic uncertainty or volatility.
- Stocks: ATROPI provides opportunities to trade stock CFDs, enabling traders to speculate on the price movements of shares from leading companies without owning the actual shares.
- CFDs (Contracts for Difference): A versatile trading instrument that allows traders to speculate on the price movements of underlying assets, including indices, stocks, and commodities, without the need to own them.
- Energy: This category includes trading in energy commodities like oil and natural gas, offering traders the chance to speculate on changes in energy prices due to global demand, supply disruptions, or geopolitical events.
- Futures: Futures contracts on various commodities, financial instruments, or indices are available, allowing traders to speculate on the future price movements of these assets.
- Crypto: Cryptocurrency trading via CFDs is also available, providing a way to trade on the price movements of popular digital currencies like Bitcoin, Ethereum, and others without the need for direct ownership.
Here is a comparison table of trading instruments offered by different brokers:
Broker | Currency | Stocks | Indices | Crypto | Commodities |
ATROPI | Yes | Yes | No | Yes | Yes |
FXTM | Yes | Yes | Yes | Yes | Yes |
FP Markets | Yes | Yes | Yes | Yes | Yes |
XM | Yes | Yes | Yes | Yes | Yes |
ATROPI caters to a wide range of traders with its diverse account types, each designed to meet different trading needs and preferences. The platform offers three primary account types: Nano, Standard, and ECN, all of which operate in USD.
1. Nano Account: Designed for beginners or those looking to test strategies with minimal risk, the Nano Account requires a minimum deposit of just $10. It features fixed spreads, ensuring that traders have predictable transaction costs. This account allows for market execution and offers high leverage of 1:1000, with a minimum lot size of 0.01. Importantly, it has a 100% margin call level and no stop out, accommodating FX, metal, and stock trading, but does not support CFDs, energy, futures, or crypto trading. Direct crypto deposits and withdrawals are permitted.
2. Standard Account: Suited for more experienced traders who prefer a balance between high leverage and broader trading capabilities, the Standard Account requires a $100 minimum deposit. It offers floating spreads and market execution with a minimum lot size of 0.1 and leverage of 1:500. The margin call is set at 100%, with a 20% stop out level. This account type expands the trading options to include FX, metals, stocks, CFDs, energy, futures, and allows for direct crypto deposits and withdrawals, but does not support crypto trading.
3. ECN Account: Aimed at professional traders seeking direct market access and lower spreads, the ECN Account has a higher minimum deposit requirement of $200. It features floating spreads and market execution, with a minimum lot size of 0.01 and leverage up to 1:200. The margin call and stop out levels are set at 100% and 50%, respectively. This account type offers the most extensive range of tradable instruments, including FX, metals, stocks, CFDs, energy, futures, and crypto. Direct crypto deposits and withdrawals are also supported.
To open an account with ATROPI, follow these steps.
Visit the ATROPI website. Look for the “Start Trading” button on the homepage and click on it.
2. Sign up on websites registration page.
3.Receive your personal account login from an automated email
4. Log in
5. Proceed to deposit funds to your account
6. Download the platform and start trading
ATROPI provides varying levels of leverage across its different account types, catering to a wide range of trader preferences and risk tolerances. The leverage options are as follows:
- Nano Account: Offers the highest leverage of 1:1000, allowing traders to control a large position with a relatively small amount of capital. This high leverage level can significantly amplify both potential profits and losses, making it suitable for traders who are willing to take on a higher level of risk.
- Standard Account: Provides a leverage of 1:500, which is still considered high and enables traders to increase their trading exposure with a moderate amount of capital. This level of leverage balances the potential for high returns against the risks of market volatility.
- ECN Account: Features a lower leverage of 1:200, reflecting a more conservative approach to trading. This reduced leverage level is designed for traders who prefer to manage their risk more cautiously, especially when trading in highly volatile markets.
ATROPI's leverage options demonstrate the platform's flexibility in accommodating different trading strategies and risk profiles. High leverage can be a powerful tool to amplify returns, but it also increases the risk of losses, making it essential for traders to use leverage wisely and consider their risk management strategies carefully.
Here is a comparison table of maximum leverage offered by different brokers:
Broker | ATROPI | Libertex | IC Markets | RoboForex |
Maximum Leverage | 1:1000 | 1:30 | 1:500 | 1:2000 |
ATROPI outlines its spreads and commissions structure, emphasizing low spreads for its trading instruments, with the EURUSD pair having an average spread of 0.1. The platform also offers spreads starting at 0.0 for its ECN account holders, aiming to attract traders looking for market-based pricing.
For those utilizing ECN accounts, ATROPI applies a commission on round trades, with fees starting at $6 per lot. This additional cost is a consideration for traders who prefer the direct market access provided by ECN accounts, which generally offer lower spreads but include commission charges for transactions.
Potential traders should carefully consider the impact of both spread costs and commission fees on their trading strategy and overall costs, especially when engaging in frequent trades where these expenses can accumulate.
ATROPI offers a range of deposit and withdrawal methods tailored to facilitate easy and flexible transactions for its clients. The platform supports a variety of cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Tron, and more, allowing instant access to funds for trading. Additionally, ATROPI accommodates deposits using USDT (Tether), with a minimum deposit requirement starting at $10 for standard accounts and $2,500 for Pro accounts which come with enhanced features such as higher leveraging and margin calls.
For traditional payment options, ATROPI includes services like PayPal and Perfect Money, broadening the choices for users to fund their accounts. It's notable that bank wire transfers are reserved for VIP and institutional clients, with a substantial minimum deposit threshold of $50,000.
Withdrawal processes mirror the deposit methods, offering the same range of cryptocurrencies and fiat options. ATROPI emphasizes the swift execution of withdrawal requests, although it mentions that cryptocurrency transactions may incur chain fees that are borne by the client. Withdrawals are processed on the same business day if the request is received before 12:00 (GMT); otherwise, they are processed the next business day.
ATROPI offers the MetaTrader 5 (MT5) trading platform, a highly acclaimed upgrade from the previous iteration, providing a comprehensive suite of tools for financial market trading. The platform is renowned for its user-friendly interface, which can be fully customized to fit any trading style, making it accessible for both new and experienced traders. MT5 at ATROPI is equipped for enhanced EA (Expert Advisor) development, offering advanced features that cater to a wide array of trading strategies.
The desktop version of MT5, available for both Mac and Windows, includes over 38 preinstalled technical indicators, 44 analytical charting tools, various chart types, and time frames. It also introduces additional pending order types and features such as detachable charts, one-click trading, and a trailing stop function. The platform is designed to be fully customizable, allowing traders to add custom EAs and indicators to tailor their trading experience. An integrated economic calendar and DOM (Depth of Market) further enrich the trading environment, providing essential market insights directly within the platform.
For traders on the go, ATROPI provides a mobile application of MT5 for smartphones and tablets, compatible with iOS and Android devices. The mobile version maintains a robust selection of features, including multiple chart types, a suite of technical indicators, analytical tools, customizable chart layouts, and a market news feed. The app is optimized for mobile use, offering a user-friendly interface, ATROPI Mailbox for communications, custom push notifications, and an optimized display layout for tablets.
Additionally, ATROPI offers a web application of MT5, enabling traders to access their accounts directly from a web browser without the need for downloading any software. This WebTrader version includes several technical indicators, analytical tools, one-click trading, and customizable chart layouts, ensuring secure data transmission and a seamless trading experience across devices.
The availability of MT5 across desktop, mobile, and web platforms ensures that ATROPI clients have flexible and comprehensive access to the markets, regardless of their device preference or trading location, underlining the broker's commitment to providing state-of-the-art trading solutions.
ATROPI offers comprehensive customer support to traders worldwide, highlighting its dedication to providing a seamless and supportive trading experience. Recognizing the global nature of trading, ATROPI makes itself accessible to customers from all countries through multiple communication channels, including live support, Skype, and WhatsApp. This variety of contact methods ensures that traders can reach out for assistance in the manner most convenient for them, regardless of their location.
The Customer Support Department at ATROPI operates 24/7, reflecting the non-stop nature of the financial markets and the need for continuous support. Whether traders have queries outside of standard business hours or require immediate assistance during trading, ATROPI's round-the-clock support team is ready to address any concerns or questions.
Traders can contact ATROPI directly by phone at +1 636 524 4460 for personalized assistance or through Skype at info@atropi.com for real-time communication. This commitment to providing readily available and effective customer service underscores ATROPI's focus on ensuring customer satisfaction and enhancing the overall trading experience for its clients.
ATROPI offers a welcoming bonus to new traders who decide to open an account with them, specifically targeting those who opt for a Nano account. By making a minimum deposit of just $10, traders can benefit from a 20% deposit bonus, providing them with additional funds to begin their trading journey. This promotion is designed to attract new users by offering them an incentive to start trading with ATROPI, allowing them to leverage a larger volume of trades from the outset. The bonus aims to enhance the trading capacity of new clients, giving them an opportunity to explore ATROPI's trading environment with a boosted account balance.
In conclusion, ATROPI offers traders a diverse range of tradable assets and flexible account options on the user-friendly MetaTrader 5 platform. However, its lack of regulatory oversight poses a significant risk for traders, potentially impacting transparency and fund security. Prospective users should carefully consider these factors alongside the platform's advantages before deciding to engage with ATROPI.
Q: Is ATROPI a regulated broker?
A: No, ATROPI operates without regulatory oversight.
Q: What trading assets are available on ATROPI?
A: ATROPI offers a variety of trading assets, including Forex, metals, stocks, CFDs, energy, futures, and cryptocurrencies.
Q: What account types does ATROPI offer?
A: ATROPI provides three primary account types: Nano, Standard, and ECN, catering to different trading needs and experience levels.
Q: Which trading platform does ATROPI use?
A: ATROPI operates on the MetaTrader 5 platform, known for its user-friendly interface and comprehensive trading tools.
Q: What are the risks associated with trading on ATROPI?
A: The main risk associated with trading on ATROPI is its lack of regulatory oversight, which may impact transparency and fund security.