RANDOM DEALER HIGHLIGHT
source: CFTC, Forex Datasource. Adjusted Net Capital
| Average Trader Recommendation (historical): |
5.4 |
| Average Trader Recommendation (last 3 months): |
n/a |
| Service Rating |
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| Trading Platform(s) Evaluation |
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Reader's Digest
| ACM USA is a new comer firm, heavily supported by the technology of AC Markets of Switzerland but under different ownership and management. Its business model is also different, ACM USA does not have a dealing desk. In terms of capital adequacy, starting out with US$7.3 million is not bad considering that 2 years ago many firms would start out with $0.5 million. The firm has a headcount of approximately 60 people, which is also a good size workforce for a starting Forex dealer. To put some perspective, the largest broker FXCM has probably 700 employees and Interbank FX has about 250 employees. The ACM USA website is not as content rich as they intend to, but it is off to a good start following the model developed by AC Markets in Geneva. |
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Website and client benefits:
| The ACM USA site ( www.acmusa.com) follows the pattern set by ac-markets.com, the Swiss firm. The Swiss site has a few more resources than the US site, particularly the news and chart section and the research section. The Swiss site also has a very ilustrative flash presentation of the platform that is not yet available on the US site. Both websites are well done and get high marks for ease of navigation. With time, ACM USA will develop its own content for training and tools. It is worth noting that the ease of opening an account online is much easier in the US site than in the Swiss site. Opening an account in the US can be done within a day and funding can be done through credit cards, something that is not available in the Swiss site. |
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WHAT'S NEW THIS MONTH
| This
is the first month of the Dealer Pages. In this box, you will find issues of
relevance about the Forex Dealer community. This month, we would like to
highlight the need for Forex dealers to increase their firm's capital. Over the
past two reporting periods (Apr and May 2008), many FCM's lost a large
percentage (over 20%) of their Adjusted Net Capital. Even though it is not the
biggest, Oanda FX is in our mind the best capitalized Forex dealer and its
capital does not fluctuate much from month to month. Kudos to them and thank
you for setting the bar pretty high for others to follow. |
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USEFUL READING
Terminology to know
Dealer Selection Tips
TRADERS' CHOICE OF THE MONTH
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Month: August 2008 data to be released early next month.
Forex Datasource Interview:
| A member of management from ACM has not yet been interviewed by Forex Datasource. |
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Forex Datasource Evaluation:
| ACM USA will make its own footprint, but leveraging the technology and operational expertise of AC Markets. We think that its decision to be an agent broker (no dealing desk) is the right approach in the United States market, even though its spreads are not as low as some of the competition. Given its profile, ACM USA will probably be in close competition with FX Solutions, which offers fixed spreads at a premium and targets a sophisticated audience. Ultimately, the ACM USA clients and their evaluations that will tell us whether the ACM USA venture is likely to grow in the very competitive US market. |
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Most recent client comments:
Greg. JAMAICA. My evaluation: 1.
Chukwu. NIGERIA. My evaluation: 10. Sir,
Actually, am a forex trader and always in search of information because i see the market is highly dynamic. This is my first time on your site and i enjoyed every bit of the information.
However, i will not conclude yet until i put to test the information i recieved. If the informations are 70% right, I will not only introduce many people to you but will be ready to pay for them.
Thanks
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