Advanced Currency Markets (ACM) Review
Posted on May 16th, 2008
Advance Currency Markets ratings:
(8 votes, average: 3.25 out of 5, rated)
Company Management Structure Residence and Regulation
The company ACM is also known as Advanced Currency Markets. The company specializes in the dedication of the creation of the corporate culture that the company embraces. The redefinition of the financial market was enabled effectively by the ACM brokerage firm.
Headquarter of the company is in Geneva, Switzerland, with other remote offices located in Europe, Asia and South America.
Other office desks are specially provided to handle clients from different countries that they service like France, Germany, Italy, Dubai, Spain, Portugal, Brazil, Russia, China, Japan, and Turkey.
Company’s Market Position
The company trade spot online of their foreign exchange online through their online currency software that is available 24 hours a day.
Telephone trading is also an option in different languages that they offer, as well as with their customer assistance.
Liquidation margin of 1% to 5% depending on the investment size is offered in their brokerage service to clients.
Types Services Offered
There are 40 pairs available for trading in the standard and institutional account services of the company.
All major currency pips for these major currencies are offered EURUSD, USDCHF, USDJPY, GBPUSD, EURGBP, EURCHF, and EURJPY. All others have specified spreads and margins provided to be followed in the trading of other currencies.
Initial accounts are required to have initial deposit of US $5000 minimum and institutional accounts for US $50000 minimum.
There are no commissions required from the traders; however, available 1% margin in the week without requirement change is provided overnight or even during the weekends. The same percentage on margin is applied for institutional accounts up to 4000000 until 25000000 on open positions without any penalties to be carried in the required margin.
Trading Platform
The ACM provides the following:
- Advanced Trader, this platform has full integrated desktop application that is user-friendly. It is also a Java-based downloaded quickly for users that need the use of the software. It gives stability with speedy execution of the features provided. No need for time-consuming re-quotes or re-confirmation of information submitted is needed. Even the need for orders with complexity like contingency orders. Printing of reports is available anytime. Analysis tools and charting tools are also additional features for the software.
- Advanced Web Trader, another trader platform that allows online currency trading from a web browser that is available to be used anywhere. There is no need for downloads and works even with a firewall activated. The online software is supported and run from any computer with any browser available to the user. The Practice Accounts of ACM is unlimitedly provided to users with Live Quotes, Streaming News and Charts for the increased flexibility the platform provides.
- Advanced Flash Trader, a platform from ACM with unequalled flexibility features. Well suitable for higher user’s experience. This does not require any downloads and can be accessed with the same login of all other ACM platforms. It also has charting capabilities.
- Advanced Mobile Trader, this offers trading accounts of users from anywhere with the use of the mobile phone, which increases the mobility of the user with easy use interface.
Site Design and Ease of Navigation
The website is 100% educational and easy to understand even with the self-ads in its opening page.
Advantages
- Different platforms available for trading depending on the requirements of the user.
- Useful information provided specifically for each area.
Disadvantages
- There seems to be very high required initial deposit for trading.
Related Posts
Some worry about spreads changing without warning and thats been my demo experience.I am still on the learning curve with them.
coven's rating:Lotsa difference between their quotes on the platform and the ones they use on their graphs.My problem, which way am I to go then?
zack's rating:Zacks never mind the graphs there, specially if there is a news announcement,I mean spread starts widening at that point and you get a weird situation.So just dont trade the news and else things seem ok.
radisson's rating: