ACM- Advanced Currency Markets Review

[StefGrig]

Mini-guide

ACM- Advanced Currency Markets

Email:[email protected]

Website:www.ac-markets.com

Company?

Where are you headquartered?

* Rue du Rhone 50 1204 Geneva Switzerland

* Phone: 4122 319 22 00

* Fax: 4122 319 22 01

* Email: [email protected]

* Website: www.ac-markets.com

Year of company's foundation 2002

Year of company's forex division 2002

Number of employees 150

Number of client accounts: 20,000

Firm's adjusted net capital: 3,000,000

Languages:

English, Spanish, French, German, Portuguese, Italian, Greek, Chinese Mandarin, Japanese, Polish, Russian, Arabic, Farsi

Account Options?

Account currency USD, EUR, GBP, JPY, CHF

Type of broker Non-Dealing Desk

Types of accounts Flexible, Mini (10k), Standard (100k)

Commision rates No Commission

Minimum deposit required US $5000 for standard accounts

Contract sizes offered 100k units

Maximum leverage 100:1

Currency pairs offered 39 pairs

Deposit options Bankwire

Withdrawal options Bankwire

Trading Platform?

Platform Type Desktop Software, Mobile Phone, Web

OS compatibility Windows for Mobile, Windows XP, Windows Vista, Mac OS X

Free demo account Yes

Demo account expiration Yes

Streaming news feed Yes

Charting package Professional charting tools are integrated within the Advanced Trader and the Advanced Web Trader platform and the Flash platform.

Trade from charts No

Market commentary Yes

Email alerts No

Mobile alerts Yes

Hedging Yes

Rollover Interest Yes

Customer Service?

Customer service access Phone, Fax, Email, Instant Messenger

Customer service hours 24 Hours a day

Ability to place trades over phone Yes

How can clients reach customer service if they have an urgent issue? Phone

Email response time As soon as possible

Advanced Guide:

ACM is a Swiss company founded in 2002. The company?s headquarters are located in Geneva, Switzerland, with offices around the world in Dubai, Uruguay in the USA in New York. It is one of the leading brokerage companies, as managing director Nicholas Bang says ?the company's site is the second most popular place to trade currency on the net?.

ACM provides a reliable and simple trading platform for 27 currency pairs and for gold and silver. Spread are on average 3 pips for the major pairs in standard account, and are 4 pips and over for mini account. The leverage is 100:1 for all types of accounts. The minimum deposit for mini accounts is $2,000 and for standard accounts $5,000. ACM also offers institutional accounts, in which the minimum deposit is $50,000. Demo accounts, offering real time prices and trading conditions for a period of 30 days.

Registration process is quite long, and requires filling in personal details, employment status and financial. You are also required to submit your bank details, passport number, a photocopy of your passport and a copy of a utility bill.

Deposits into your account can be made in the following currencies: USD, EUR, CHF, GBP & JPY.

ACM offers 3 trading platforms, the ?Advanced Trader? which is a professional trading software,the ?Advanced Web Trader? which can be used from any Web connection without any download, and the ?Advanced Mobile Trader? allowing to place trades and monitor your account from any wap enabled mobile phone. All platforms are accessible with the same username and password. ACM website and trading platforms are offered in a wide range of languages (14), including: English, French, German, Spanish, Dutch, Portuguese, Arabic, Farsi, Chinese, Japanese, Turkish, Greek and Russian.

The trading platforms are user-friendly, intuitive and customizable. Charting tools are available on all platforms, and news, analysis reports and financial calendars are accessible on the platforms and in an external web site.

ACM offers a service they call ?What you click is what you get?, meaning that when a customer clicks on a price, that price is ?captured? as the execution price. Therefore if the market moves, the customer still gets the price he chose, erasing slippage from trading activities.

Quick, efficient and polite customer service is available 24 during market hours. Professional staff is available in real time by Phone, Chat, E-mail and Return call. Support is provided in English, French, Spanish, Italian, German, Greek, Farsi and Russian.

ACM provides educational material, such as an introduction to FOREX trading, a FOREX trading glossary, a telephone deals glossary, trading examples, and more. ACM is also partnered with the Online Trading Academy, offering training for FOREX Newbie?s.

Users? experience with this firm is controversial. Being one of the largest FOREX companies definitely helps attract new clients, and during the first months of trading, users are generally happy with their services and user friendly platform. However, the larger the deals get, the more dissatisfied the trader become. ACM?s spreads are not fixed so they do vary widely during major market changes. This become significant due to the fact that the minimum lot for each trade is large, therefore the losses can be grave.

What?s The Attraction?

The initial attraction with ACM is the 3 pip spread on the 4 majors. They also have made guarantees that they will honor stops and that there is no slippage on limit and stop orders - this may not last with other larger brokerage firms no longer providing such a guarantee.

How to review this broker?

Customer service: are they efficient and willing to help on any issue?

Honest: Did they delivered what they were supposed to?

Trading Execution: evaluate slippage, requotes, etc.

Platform Features: Platform capabilities such as trailing stop, OCO orders, one click dealing, etc.