|Rating||ACM does not participate in the Forex Rating|
|Regulation||Regulated by the FINMA. The first online forex broker to be ISO 9001 & ISO 27001 certified.|
|Trading software||Advanced Trader, Web Trader, Mobile Trader, MetaTrader 4|
|Headquartered||ACM-HQAdvanced Currency Markets SA50, Rue du RhÃ´ne1204 GenevaSwitzerland+41 58 226 20 00Advanced Currency Markets SA64, Bahnhofstrasse, 8001 ZÃ¼rich, Switzerland.Tel:+41 58 226 24ACM Middle East & Asia SubsidiaryJumeirah Lakes Towers, Almas Tower,Level 33Sheikh Zayed Road, Dubai, UAE.Tel: +9714 4501700|
Residence, regulating, and advanced currency market management. As written on the site, the ACM company is headquartered in Geneva (Switzerland) and is controlled directly by the Federal Department of Finance. ACM forex company was founded in 2002 as mentioned on the homepage. acm forex broker has 5 offices, (Geneva (HQ), Zurich, Dubai, Montevideo and New York), and their addresses are stated. The list of subdivisions of the company its managers are mentioned and there are pictures – together with short profiles/resumes. However, direct contact with the managers is not possible. The company is one of the institutional forex brokers offering currency trading services both to private traders and financial establishments.
Going by their site, ACM works with the largest institutional providers of liquidity, though their names are not disclosed for Swiss compliance reasons.
ACM forex broker provides standard and institutional accounts, their fundamental differences are in the size of initial deposits (to $50 000 standard, above – institutional). There are management services for individual investors, and brokers, offered.
There are some partnership programs at acm gold broker .
The key partners (supplier's liquidity, calculation bank) are not mentioned due to Swiss regulation. On the acm gold forex broker profile page at our site you can read acm reviews by other traders as well as write your personal acm review of your personal experience with the broker. To add a forex review you need to login to the site. The gold stars signify reviews ratings according to their usefulness as considered by other visitors of the site.
ACM Trading Information 2021
|Address||50, Rue du RhÃ´ne 1204 Geneva Switzerland|
|24 hour support|
|Trading by phone|
|24 hour trading|
|Accepts US traders|
|Digits after the dot in quotes||5|
|Minimum position size||0.1|
|Pip spread on majors||0.9-2.8|
|Standard account, $||5000|
|Mini account, $||2000|
|Popular payment methods||Credit Cards, PayPal, Wire Transfer|
|Account currencies||EUR, USD, GBP, AUD, CHF, JPY, CAD|
|Available assets||Gold, Silver|
|Languages||English, Spanish, French, German, Italian, Arabic, Russian, Chinese, Japanese, Arabic, Turkish, Italian, Portuguese|
|Platforms||Advanced Trader, Web Trader, FX Book, MetaTrader 4|
|Regulation||FINMA, ESA, DGCX|
ACM Reviews and Comments
Actually, it’s not so excellent service as you might think. All marketing and persuasive words about extra fast trade execution is nothing. When I used to trade main currencies, I thought that it was a constant volatile market conditions. The worst thing I ever done is invested money into pamm account. Despite my poor performance, manager lost the rest of account balance twice faster than I did. They don’t actually have their own pamm services and sending you to third party provider.
Z-ed 2 Aug 2016 Reply
Reality is not their ,just making clients fool
jakson 20 Sep 2011 Reply
The above finally puts facts on the table for all to understand. The CFTC’s own words seem to clear the Swiss broker from any wrongdoing, the good thing, from a trading point of view, is that now they are part of Swissquote bank…a trading dream on offer.
MexBank 21 Dec 2010 Reply
This also relates to the dispute between MBFX, mentioned below, and ACM the Swiss broker which was recently denied a Swiss banking license and subsequently acquired by Swissquote Bank, and the police raid which took place at ACM offices in 2009. It is possible that this will clear ACM from any wrongdoing as these cases are linked as I suspect.
CFTC vs MXBK, MexBank Case No: 2.10-cv-01172-TS
page 2, para 3: "Moreover, Defendants reported to their customers that in November 2008, that they incurred huge losses, approximating 99% of most customer account balances. In numerous reports to customers, Defendants attributed these losses to alleged wrongdoing by Advanced Currency Markets ("ACM"), a Swiss forex dealer with which MXBK traded its pooled forex accounts over the internet. However, Defendants last traded with ACM in February 2008, and, from March 2008 through October 2008, they lost more than $18 million trading with other forex dealers. Defendants also lost approximately $493,000 trading forex in November 2008 and approximately $1 million trading forex from December 2008 through April 2009."
Mexbank 21 Dec 2010 Reply
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ACM Awarded in Dubai
ACM – Advanced Currency Markets (ww w.ac-markets.com) was awarded the "Best Institutional Services Provider" during the recent Middle East On.line Trading Expo & Conference held at the Emirates Towers in Dubai, UAE.
The Swiss broker established its presence in the Middle East in 2005 and has since forged strong relationships with some of the leading banks and financial institutions in the region by providing outstanding FX trading solutions & services.
ACM offers its clients fast, efficient and secure access to 4 different trading platforms all over the World. In October 2010 ACM was acquired by Swissquote, Switzerland largest on.line bank, and now operates under Swissquote’s banking license.
Shaktar 12 Nov 2010 Reply
To the guy who posted the Webtrader review above, the broker now offers a website that is totaly devoted to their Advanced Webtrader platform. w w w.advancedwebtrader.com and to their Advanced Trader w w w.advanced-trader.com. Seems like a pretty smartl idea, saves the searching through the main website.
Kirk 5 Nov 2010 Reply
following the ACM announcement I researched Swissquote and seen they are actually a bank, this is good news as it will open more markets for the ACM client to trade on, and Swissquote clients will benefit from a leading FX broker. I would like to see if they’ll incorporate the ability to trade the additional markets from our ACM webtrader as it is already considered one of the most advanced platforms. We will see.
CanadaFX 1 Nov 2010 Reply
Up to 4 in spread EUR/USD is not good enough. The best spread is 0.9 and that is for banks like Deutche Bank etc. LOL
Trader 13 Oct 2010 Reply
I recently checked out ACMs new WebTrader. It seems there are a host of new platforms coming out recently, and this is the latest one. How does it compare? Lets take a look.
The first thing that struck me was its clean look. Definitely cleaner than Metatrader 4. At times MT4 can make the screen look a little clogged up, but with the ACM WebTrader, this isnt the case. To be honest, its probably mainly because the charts and the main info screen are in different windows, (unlike MT4), but despite that, it still manages to deliver an efficient but useful main window, including the latest news, in detail, live quotes, large quote boards, (something which most platforms have), your latest positions, and of course your trade log. MT4 has the latest positions and trade log in the same window but you have to flick between them, meaning you cant view both at the same time. WebTrader however has them in separate windows meaning you can view them simultaneously…
Now, when making or.ders, theres a few things which I came across which was unique to this platform. The first is something called, a GTC or.der, meaning Good for the day. A GFD or.der remains active in the market until the end of the trading day. Now, since forex is an ongoing market, the end of day must be a set hour. For ACM the end of the trading day occurs at exactly 23:00 CET. So basically, its a time limited trade, which automatically closes, whether in loss or in profit, at the end of the day.
Other types of or.ders include, the IF DONE type or.der. This can be really useful, and Im surprised other platforms dont have this. Basically, it means, if for example, the trader believes that the EURUSD is going down but will reach a resistance at say 1.3650. At that point, the trader thinks that the market will rebound which is why the trader can place a sell or.der at 1.3600. This kind of or.der allows the trader to execute a strategy without constantly being behind the computer.
When the execution of an or.der reduces the exposure on the traded currency-pair, the FIFO (First In First Out) rule will apply, and the oldest position on the traded currency pair is closed or reduced. If the amount of the or.der is larger than the amount of the closed position, the next oldest position is reduced or closed. This process will continue as long as the entire amount of the or.der has not been booked. If all positions are closed and there is still an available amount which has not been booked, the or.der reverses the exposure from long to short (or from short to long). A new position with the residual amount will be created in the opposite direction.
There is also something called linked orders. This means, or.ders linked to an open position are called Linked or.ders. It means that the execution of linked or.ders will only affect the linked position by closing it. Linked or.ders are easily configured by the client. The client just has to select a position in the list of all open positions on it and selecting the appropriate or.der type to close that position.
As far as colour customisations go, theres not really a lot to ACMs WebTrader. Its basically the option to have the platform as a dark scheme or a light scheme.
The advantage of a web based platform is that no installation is required (apart from Java if you dont already have it). The problem is however, web based platforms are notoriously sluggish. Nothing can compare for speed to having a local based platform installed on your own hard drive. Having said that, this is actually quite a speedy platform for its web based nature, and Im surprised at how smooth it was in regards to moving from different windows, clicking different buttons and icons, opening menus, dragging charts. Ok, if youre used to say, MT4, youre gonna find this slow, but it definitely holds up well against other web platforms, and it wouldnt be far fetched to say its the quickest of them all.
Overall, this is a decent platform, easy to use, with lots of functionality. Obviously its missing expert advisors thats natural, but for a platform for purely manual trading, it does a good job.
Looks Good 26 Jul 2010 Reply
i see all your comments above, but guys try atlas forex, trust me u want regret, open account with couple of hundreds and you will see how easy is to work with their platform. regards to all of you
NEW**TRADER 29 Jun 2010 Reply
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