Our Review of ACM Advanced Currency Markets
ACM Advanced Currency Markets
ACM, or Advanced Currency Markets, was founded in 2002, and is based in Switzerland. It is a reliable broker with several international branches. ACM is regulated by FINMA, The Emirates Securities and Commodities Authority of Dubai, Ernst & Young, in addition to being ISO 9001 certified. The company promotes simplicity and ease of trading, transparency in business practices, and keeping the margin profit small per consumer. ACM was acquired by SwissQuote, a popular international broker. The longevity of ACM and its parent company, SwissQuote, as well as the well-respected Swiss regulations, have made ACM is a popular choice for Swiss and international traders.
Account types include mini accounts, VIP accounts, Islamic Accounts (Swap Free), Demo Accounts, Institutional Accounts, and Managed Accounts.
Commissions & Spreads
ACM has fixed spreads and does not charge commissions. The fixed spreads and lack of commission allows for traders to know the costs up-front, and contributes to ACM's transparency in trading.
The platform offered by ACM is MetaTrader4 and Advanced Trader. The platform is compatible with Mac, Microsoft Windows, Mobile, iPhone, and Web. The software offers streaming news feed, charting package, trading signals, automated trading, trade from charts, market commentary, mobile alerts, scalping, hedging, trailing stops, guaranteed stop loss, guaranteed limit orders, guaranteed fills, interest on margin, one-click execution, OCO orders, mobile trading, and Web-based trading. The platform languages are English, Spanish, French, German, Russian, Italian, Chinese, Arabic, and Turkish. ACM's software, boasting multilingual capabilities, and compatible with mobile devices, makes the broker a convenient choice.
Deposits & Withdrawals
The minimum deposit is $1000. Deposits can be made by credit card, PayPal, wire transder, or bank guarantee. Withdrawals can be made via wire transfer.
ACM offers 24-hour customer support in the following languages: English, Spanish, French, German, Russian, Italian, Chinese, Arabic, and Turkish. ACM offers call back, e-mail, live chat, and direct phone support. ACM will also place trades over the phone.
Regulators & Safety
Advanced Currency Markets is regulated by FINMA, The Emirates Securities and Commodities Authority of Dubai, Ernst & Young, in addition to being ISO 9001 certified. Due to its regulating bodies' authority, U.S. customers are not accepted. However, ACM is a reliable choice for traders outside of the United States.
ACM's leverage is 100:1, which equates to 1% margins.