Residence, regulating, and company management. As written on the site, the ACM company is headquartered in Geneva (Switzerland) and is controlled directly by the Federal Department of Finance. The company was founded in 2002 as mentioned on the homepage. The company has 5 offices, (Geneva (HQ), Zurich, Dubai, Montevideo and New York), and their addresses are stated. The list of subdivisions of the company its managers are mentioned and there are pictures - together with short profiles/resumes. However, direct contact with the managers is not possible.
Company's Market Position
Going by their site, ACM works with the largest institutional providers of liquidity, though their names are not disclosed for Swiss compliance reasons.
The company provides standard and institutional accounts, their fundamental differences are in the size of initial deposits (to $50 000 standard, above - institutional). There are management services for individual investors, and brokers, offered.
There are some partnership programs.
Advantages
Wide set of trading currencies
Competitive terms of trades
Clear and full information about term-of-trades
Good and various analytical supports
Multilanguage support of clients
Powerful auction platform
Site done correctly.
Disadvantages
The key partners (supplier's liquidity, calculation bank) are not mentioned due to Swiss regulation.
15 July 2010
| ACM ACM has introduced the 2010 Web Trader. ACM’s (www.ac-markets.com) latest trading platform integrates new technologies and features not available during the original software development...
28 June 2010
| ACM Forex - Pressure On Treasury Yields As Equities Struggle The recent equity market losses make for gloomy analysis, and coupled with renewed fears over US growth prospects, US Treasury yields have found themselves under immense pressure in the past week...
25 June 2010
| ACM Forex - Soft US Data Gives Risk Appetite Indigestion As anticipated, the FOMC meeting last night was largely uninspiring; with the Fed statement taking on an expectedly dovish tone that included all the standard rhetoric about low rates continuing “for an extended period”...
Latest comments
26 July 2010 | Looks Good | ACM Indie review of the new ACM Web Trader.
forexmagnates.com/
I recently checked out ACM’s new WebTrader. It seems there are a host of new platforms coming out recently, and this is the latest one. How does it compare? Let’s take a look.
The first thing that struck me was its clean look. Definitely cleaner than Metatrader 4. At times MT4 can make the screen look a little clogged up, but with the ACM WebTrader, this isn’t the case. To be honest, it’s probably mainly because the charts and the main info screen are in different windows, (unlike MT4), but despite that, it still manages to deliver an efficient but useful main window, including the latest news, in detail, live quotes, large quote boards, (something which most platforms have), your latest positions, and of course your trade log. MT4 has the latest positions and trade log in the same window but you have to flick between them, meaning you can’t view both at the same time. WebTrader however has them in separate windows meaning you can view them simultaneously...
Now, when making or.ders, there’s a few things which I came across which was unique to this platform. The first is something called, a GTC or.der, meaning Good for the day. A GFD or.der remains active in the market until the end of the trading day. Now, since forex is an ongoing market, the end of day must be a set hour. For ACM the end of the trading day occurs at exactly 23:00 CET. So basically, it’s a time limited trade, which automatically closes, whether in loss or in profit, at the end of the day.
Other types of or.ders include, the IF DONE type or.der. This can be really useful, and I’m surprised other platforms don’t have this. Basically, it means, if for example, the trader believes that the EURUSD is going down but will reach a resistance at say 1.3650. At that point, the trader thinks that the market will rebound which is why the trader can place a sell or.der at 1.3600. This kind of or.der allows the trader to execute a strategy without constantly being behind the computer.
When the execution of an or.der reduces the exposure on the traded currency-pair, the FIFO (First In First Out) rule will apply, and the oldest position on the traded currency pair is closed or reduced. If the amount of the or.der is larger than the amount of the closed position, the next oldest position is reduced or closed. This process will continue as long as the entire amount of the or.der has not been booked. If all positions are closed and there is still an available amount which has not been booked, the or.der reverses the exposure from long to short (or from short to long). A new position with the residual amount will be created in the opposite direction.
There is also something called “linked or.ders”. This means, or.ders linked to an open position are called Linked or.ders. It means that the execution of linked or.ders will only affect the linked position by closing it. Linked or.ders are easily configured by the client. The client just has to select a position in the list of all open positions on it and selecting the appropriate or.der type to close that position.
As far as colour customisations go, there’s not really a lot to ACM’s WebTrader. It’s basically the option to have the platform as a dark scheme or a light scheme.
The advantage of a web based platform is that no installation is required (apart from Java if you don’t already have it). The problem is however, web based platforms are notoriously sluggish. Nothing can compare for speed to having a local based platform installed on your own hard drive. Having said that, this is actually quite a speedy platform for its web based nature, and I’m surprised at how smooth it was in regards to moving from different windows, clicking different buttons and icons, opening menus, dragging charts. Ok, if you’re used to say, MT4, you’re gonna find this slow, but it definitely holds up well against other web platforms, and it wouldn’t be far fetched to say it’s the quickest of them all.
Overall, this is a decent platform, easy to use, with lots of functionality. Obviously it’s missing expert advisors – that’s natural, but for a platform for purely manual trading, it does a good job.
29 June 2010 | NEW**TRADER | ACM i see all your comments above, but guys try atlas forex, trust me u want regret, open account with couple of hundreds and you will see how easy is to work with their platform. regards to all of you
12 May 2010 | Solid Trading | ACM ACM Voted Best Broker – Switzerland, 2010 by World Finance...just recognition for a global leading FX broker who provides exceptional execution.
2 March 2010 | John Fire | ACM I guess all traders whose broker is offering the iPhone app are happy. For me it is the ACM iPhone app and yes the marriage between the app and my broker's own mobile platform technology trully is amazing...and fun!
26 February 2010 | Pippop | ACM I buy a iPhone and has donloaded the ACM software for iPhone and iPod Touch, it is very nice indeed and have everything you are wanting like real live price feed, chart, account summarys and alot more. This software is also free and It is good that I can use already even if I only have a demo, when I go to go Live it will not be new for me.
