ACM Review and Information 2021

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

Forexmagnates.
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

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