Swissquote Bank has acquired ACM and ACM insurance broker in October 2010.
About Advanced Currency Markets SA
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.
ACM broker markets position
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 .
Wide set of trading currencies
Competitive terms of trades
Clear and full information about term-of-trades
Good and various analytical supports
Multilanguage support of clients
Powerful auction platform
Site done correctly.
ACM forex trading platform
Markets forex charts
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.
|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|
|Other payment methods|
|Popular payment methods||Credit Cards, PayPal, Wire Transfer|
|Account currencies||EUR, USD, GBP, AUD, CHF, JPY, CAD|
|Other instruments||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|
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.
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.
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."
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.