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.
The FCA regulation also involves an additional guarantee for customer funds. Because they fall under the Financial Services Compensation Scheme (FSCS).
As for the Atom8 liquidity providers, the broker is the partner of the white brand of the Swiss banking license holder and Dukascopy currency broker, and as such has access to the highest liquidity and data that the Swiss bank itself uses.