AC Markets
The Swiss Company ACM (or AC Markets) was founded in 2002. Company headquarters are located in Geneva, Switzerland, with offices around the world; Including Dubai, Uruguay and NYC, just to name a few. AC Markets is one of the leading forex brokerage companies. According to managing director Nicholas Bang about AC Markets, ‘the company’s site is the second most popular place to trade currency on the net’.
ACM provides a reliable and simple forex trading platform for 39 currency pairs. Gold and silver can be leveraged also. Spreads average 3 pips for the major pairs in a standard account, and 4 pips+ for a mini-account. The leverage is 100:1 for all types of accounts. The minimum deposit for a mini-account is $2,000 and for a standard account the minimum is $5,000.
ACM also offers what they term an institutional account, for which the minimum deposit is $50,000 with spreads as low as 1 pip. Demo accounts, offering real time prices and trading conditions for a period of 30 days, allow traders the opportunity to hone their skills with no risk involved.
Due to Swiss regulations, AC Markets’ registration process is quite lengthy, requiring applicants to provide personal details, employment status and financials. Prospective clients are also required to submit bank details, passport number, passport photocopy, and a copy of a recent utility bill.
Deposits into your account could be made in the following currencies: USD, EUR, CHF, GBP, AUD & JPY.
ACM offers 4 trading platforms; ‘Advanced Trader’ which is a professional trading software; ‘Advanced Web Trader’ which can be used from any Web connection without a download; ‘Advanced Mobile Trader’ allowing investors to place trades and monitor accounts from any wap enabled mobile phone; ‘Advanced Flash Trader’ is the fourth platform. All platforms are accessible with the same username and password. ACM website and trading platforms are offered in 14 different languages; English, French, German, Spanish, Dutch, Portuguese, Arabic, Farsi, Chinese, Japanese, Romanian, Turkish, Greek and Russian.
All ACM trading platforms are user-friendly, intuitive and customizable. Charting tools are available on all platforms. News, analysis reports and financial calendars are accessible on the platforms and in an external website format.
ACM offers a service they call ‘What you click is what you get’; when a customer clicks on a price, that price is ‘captured’ as the execution price. So,if the market fluctuates, the investor still gets the price originally chosen, erasing any slippage during trading activities.
Quick, efficient and polite customer service is a trademark of ACM, and is available during market hours. Professional staff is available in real time by phone, chat, e-mail and return phone call options. Support is provided in English, French, Spanish, Italian, German, Greek, Farsi and Russian. Sorry, no Romanian support options available at this time.
ACM provides educational material, such as an introduction to FOREX trading, a FOREX trading glossary, a telephone deals glossary, trading examples, etc.
Being one of the largest FOREX companies definitely helps attract new clients, and during the first months of trading, users are generally pleased with the services and user friendly platform. ACM’s spreads are not fixed, so they do vary widely during major market changes. This becomes significant, due to the fact that the minimum lot for each trade is substantial, therefore the losses can also be substantial.
It definitely behooves the investor to exercise due diligence in researching this or any other tool before investing in the Forex markets…