Founded in 2002 in Geneva, ACM Forex or Advanced Currency Markets has built up a relatively solid reputation on the crowded Forex playing field. It has grown in size as it maintains offices across 4 continents regulated by the Swiss Financial Market Supervisory Authority to accommodate more traders from different corners of the world.
How ACM Forex Can Assist You
Throughout the trading week, this firm provides free market information as their software is capable of giving streaming news feeds and exacting charting materials for both fundamental and technical analysis. Their strategy desk will keep you updated with further insight the entire day in the figure of market snapshots and the ACM economic calendar. This makes this company quite reliable, especially among seasoned foreign exchange market traders.
ACM Forex is for the Serious Forex Traders
If you want to sign up for a full pledge account with the company, the minimum deposit is $2,000, which is probably expensive for many. However, practice accounts at ACM are free and you can start off with a balance of $100,000 where they offer all of the same capabilities as live accounts for you to get to know the ropes of how this company works. Unlike other brokers, this firm does not publish an extensive list of its trading spreads.
The maximum leverage allowed is 100:1 which is standard among major online Forex brokers and they offer no slippage on order stops which is a definite plus for traders. However, the company’s biggest selling point is its competitive spreads as it offers an average of three pip spreads for the four most popular currency pairs and as low as 0.5 pips in some cases.
The Downside of the ACM Forex
The company, even with its growth, has not taken full advantage of the Internet as it is impossible to sign up completely with the ACM website due to strict Swiss regulations which makes processing of documents slow. It also expresses no guarantees or promises regarding trading against their own clients making it unfavorable to other traders.
Inexperienced traders won’t find it easy to deal with the ACM system especially those who are looking for more discerning interfaces and great graphics in their trading platforms. But for those who already have the expertise for bare-bones Forex trading platform, they will find it easy with competitive spreads to make up for multitude of issues. If you can put up with a few hassles, then ACM Forex is right for you. Visit The Biz Hunter for more useful information on online Forex investment.