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ACM (Swiss)
www.ac-markets.com
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Official Name:ACM (Swiss)
Website:www.ac-markets.com
Company Domicile:Switzerland
Business Model:Principal broker (Dealing Desk)
Spreads:Variable
Accounts Notes:Institutional from $50,000, Standard from $ 5,000, Mini from $2,000
Minimum Deposit:$2000
Islamic Account:Available
Highest Leverage:100:1
Trading Platform:Advanced Trader Platform - available in four interconnected versions: Java, Web, Flash, and Mobile.
Currency Pairs:49 pairs
Other Securities:Spot gold and silver
Scalping Allowed:Yes
Spread Notes:Spreads for standard accounts shown; higher spreads for mini accounts apply.
  
EURUSD:2.8 pips
USDJPY:2.8 pips
GBPUSD:2.8 pips
USDCHF:2.8 pips
GBPJPY:8.0 pips
Type of Deposits Accepted:Wire transfer (1-3 working days to be credited on ACM acct, credit/debit card (nitial deposits must be of at least 2'000$ or equivalent in another currency. Additional deposits of 100$ or equivalent.) PayPal (accepts Visa, MasterCard and American Express)
Deposit Remarks:All funds are held in Geneva with UBS or HSBC. No more specifics were given.
Deposit Currencies:USD, EUR, GBP, CHF, JPY, CAD, AUD or SEK
Client Funds Bank:
Benficiary Name On Accounts:
Country of Regulation:Switzerland
Regulatory Organization:Swiss Financial Market Supervisory Authority
Regulation Start2002
Known Owners:Unknown
Ownership Remarks:Sep 09 Update. AC-Markets is one of the oldest FX brokers, dating back to the late 1990's. Like FXCM, it used to be part-owned by the now defunct Refco FX. FXCM, however, largely abandoned its dealing-desk business model, while AC-Markets has not. Having a dealing desk is not a bad thing in our view. The reputation of FXCM has improved since the 2006 change, but AC-Markets has been plagued by some bad reputation related to its trade execution and delays sending client withdrawals. The client evaluations Forex Datasource has received over the past reflect the mixed view about this broker. Its APR 09 application for a banking license (required by Swiss regulators for FX Brokers operating out of Switzerland) could be seen as a positive step, even though the prolongued shut down of Swiss-based Crown Forex demonstrates that Swiss law and its enforcement arm FINMA have a lot to learn to protect the interests of FX traders. There are clear positives for AC-Markets, such as its website ac-markets.com. The site boasts market reports from its own research team, an economic calendar and chart section. The firm also has a large selection of currencies to trade from.
Number of Clients:Under 20,000 (Forexds estimate)
Client Funds in Custody:Approximately US$120 million, Forexds estimate
Source
Capital Note:Currently, the United States regulators (CFTC and NFA) are the only ones that publish financial information for FX brokers - meaning that this information is only available for less than 15 brokers.
Regulatory Capital:--
Source:--
Graphical Display:Unavailable
Sep 09 Update. AC-Markets is one of the oldest FX brokers, dating back to the late 1990's. Like FXCM, it used to be part-owned by the now defunct Refco FX. FXCM, however, largely abandoned its dealing-desk business model, while AC-Markets has not. Having a dealing desk is not a bad thing in our view. The reputation of FXCM has improved since the 2006 change, but AC-Markets has been plagued by some bad reputation related to its trade execution and delays sending client withdrawals. The client evaluations Forex Datasource has received over the past reflect the mixed view about this broker. Its APR 09 application for a banking license (required by Swiss regulators for FX Brokers operating out of Switzerland) could be seen as a positive step, even though the prolongued shut down of Swiss-based Crown Forex demonstrates that Swiss law and its enforcement arm FINMA have a lot to learn to protect the interests of FX traders. There are clear positives for AC-Markets, such as its website ac-markets.com. The site boasts market reports from its own research team, an economic calendar and chart section. The firm also has a large selection of currencies to trade from.
EVALUATIONS
22 votes
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41 %32 %23 %5 %0 %

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