Hello,
I want to use ACM broker. I been with ALPARI UK broker, and I had a lot of problems like slippages, requotes, overleaps SL and TP, sometimes delays of execute positions. Please send informations of experience about ACM. Regards, Danny
BrokerGuru
May 19, 2009
Hi Danny,
I have no live trading experience with ACM, so there is little I can suggest.
I'd like to ask other traders to help us out, in the mean time the best thing to do would be to read some reviews on ACM online.
trader
May 20, 2009
Hallo BrokerGuru,
have you information, what's wrong about ACM? They are suspect in fraud. Is FXCM UK and FXCM US same Corporate?
Thank you very much
ACM, a swiss broker, has had a police raid in its Geneva office due to being a suspect of financial fraud case: possible price manipulations on 17 April 2007 claimed by a former Mexican institutional client.
Soon after another facts came that it seems that the Mexican client tried to use the falsified information to blackmail ACM. ACM had filed a suit on April 1st, 2009.
Previously ACM had left the US market due to not being able to meet the NFA net capital requirements.
Currently ACM has filed an application to get a Swiss banking license, since the new swiss law requires that any Forex dealer who wishes to do business in Switzerland must now get a banking license.
(There is a line of Swiss brokers applying for the banking license now, among them are: ACM, Fibo Group, Dukascopy, MIG FX are GFX Group.)
Hope this helps.
BrokerGuru
August 26, 2009
ACM broker has applied for a banking license to meet new Swiss regulation requirements.
This will ensure that all deposits depending on the amount will be safe under the government or bank guarantee.
ACM's banking license is currently pending. The decision is due in October 2009.
Tajer
September 12, 2009
Does ACM has a DD ?
They denies it but i heard from a broker in the top 10 that they has.
i faced a refuse or delay of execution when the market spikes coz I am a scalper
Best Regards
Tajer
BrokerGuru
September 17, 2009
If you trade during news, you can probably expect delays with this broker.
This doesn't however mean ACM uses a dealing desk. Scalping with STP brokers in general is not always as smooth as with ECN brokers, execution and speed would depend on the Prime broker, bank which STP brokers use for clearing their orders.
BrokerGuru
October 28, 2010
Media Information Gland/Zurich, October 27, 2010
Swissquote acquires ACM and massively expands forex business
Swissquote Bank Ltd. has acquired ACM Advanced Currency Markets AG with effect from
October 26, 2010. The parties have agreed not to disclose the acquisition price. ACM is
headquartered in Geneva and has branches in Zurich and Dubai. With a headcount of around
100 employees, it is one of the world’s largest forex trading companies. ACM has achieved
revenues of CHF 27 million in the first nine month of 2010.
A transaction benefiting everyone involved
The acquisition of privately owned ACM by Swissquote is an astute forward-looking solution that
benefits all parties concerned. The takeover and subsequent merger with Swissquote Bank allows
ACM, which does not hold a banking license, to continue operating in forex trading. Since it was
founded in 2002, ACM has made a name for itself on the international markets by offering forex trading
free of commission fees at the lowest spreads with guaranteed order execution. The takeover will not
change anything for ACM’s clients since the existing platform and attractive conditions remain in place.
But they will benefit from Swissquote’s good reputation, solid balance sheet, healthy profitability and,
above all, from the banking license it has held since 2000. FINMA approves the takeover and will
monitor integration, which is to be completed in the coming months.
Rapid expansion of forex business
The acquisition of ACM gives Swissquote an opportunity to rapidly expand its trading operations with its
strongly growing eForex arm. Swissquote’s forex trading volumes will increase by a factor of four thanks
to the takeover, and income from trading will increase from a good 20 percent to more than 40 percent
of total earnings. What is more, with its new branch office in Dubai, Swissquote will in future be able to
participate in the continuing dynamic growth seen in the Middle East and Asia.
Further information on the takeover of ACM will be announced at the telephone conference scheduled
for November 5, 2010 for the publication of the figures for the first nine months.
Swissquote − Swiss leader in online trading
Swissquote has 270 employees in Gland (Vaud) and Zurich. In addition to low-cost stock market access
for private clients and portfolio managers, Swissquote offers a forex trading platform (FXBook), an
attractive savings account and an electronic asset manager (ePrivate Banking). Swissquote Group
Holding AG shares (SQN) are quoted on the SIX Swiss Exchange.
For further information
Marc Bürki, CEO Swissquote Bank Ltd., Chemin de la Crétaux 33, CH-1196 Gland
Tel. +41 22 999 98 50 | fax +41 22 999 94 54 | mobile +41 79 413 41 45 marc.burki@swissquote.ch
trader
January 10, 2011
ACM probably could not get a banking license after the police raid in 2007 otherwise these cowboys would have never sold. It would not surprise me if they were about to be closed down. Early margin calls "Marging" they called it, price manipulation. Daily office Cocain parties. This says a lot about SwissQuote.
Danny
May 19, 2009Hello,
I want to use ACM broker. I been with ALPARI UK broker, and I had a lot of problems like slippages, requotes, overleaps SL and TP, sometimes delays of execute positions. Please send informations of experience about ACM. Regards, Danny
BrokerGuru
May 19, 2009Hi Danny,
I have no live trading experience with ACM, so there is little I can suggest.
I'd like to ask other traders to help us out, in the mean time the best thing to do would be to read some reviews on ACM online.
trader
May 20, 2009Hallo BrokerGuru,
have you information, what's wrong about ACM? They are suspect in fraud. Is FXCM UK and FXCM US same Corporate?
Thank you very much
BrokerGuru
May 20, 2009Here is a good source to follow the news on ACM and other brokers: Francesc's Weblog at FXStreet
ACM, a swiss broker, has had a police raid in its Geneva office due to being a suspect of financial fraud case: possible price manipulations on 17 April 2007 claimed by a former Mexican institutional client.
Soon after another facts came that it seems that the Mexican client tried to use the falsified information to blackmail ACM. ACM had filed a suit on April 1st, 2009.
Previously ACM had left the US market due to not being able to meet the NFA net capital requirements.
Currently ACM has filed an application to get a Swiss banking license, since the new swiss law requires that any Forex dealer who wishes to do business in Switzerland must now get a banking license.
(There is a line of Swiss brokers applying for the banking license now, among them are: ACM, Fibo Group, Dukascopy, MIG FX are GFX Group.)
Hope this helps.
BrokerGuru
August 26, 2009ACM broker has applied for a banking license to meet new Swiss regulation requirements.
This will ensure that all deposits depending on the amount will be safe under the government or bank guarantee.
ACM's banking license is currently pending. The decision is due in October 2009.
Tajer
September 12, 2009Does ACM has a DD ?
They denies it but i heard from a broker in the top 10 that they has.
i faced a refuse or delay of execution when the market spikes coz I am a scalper
Best Regards
Tajer
BrokerGuru
September 17, 2009If you trade during news, you can probably expect delays with this broker.
This doesn't however mean ACM uses a dealing desk. Scalping with STP brokers in general is not always as smooth as with ECN brokers, execution and speed would depend on the Prime broker, bank which STP brokers use for clearing their orders.
BrokerGuru
October 28, 2010Media Information Gland/Zurich, October 27, 2010
Swissquote acquires ACM and massively expands forex business
Swissquote Bank Ltd. has acquired ACM Advanced Currency Markets AG with effect from
October 26, 2010. The parties have agreed not to disclose the acquisition price. ACM is
headquartered in Geneva and has branches in Zurich and Dubai. With a headcount of around
100 employees, it is one of the world’s largest forex trading companies. ACM has achieved
revenues of CHF 27 million in the first nine month of 2010.
A transaction benefiting everyone involved
The acquisition of privately owned ACM by Swissquote is an astute forward-looking solution that
benefits all parties concerned. The takeover and subsequent merger with Swissquote Bank allows
ACM, which does not hold a banking license, to continue operating in forex trading. Since it was
founded in 2002, ACM has made a name for itself on the international markets by offering forex trading
free of commission fees at the lowest spreads with guaranteed order execution. The takeover will not
change anything for ACM’s clients since the existing platform and attractive conditions remain in place.
But they will benefit from Swissquote’s good reputation, solid balance sheet, healthy profitability and,
above all, from the banking license it has held since 2000. FINMA approves the takeover and will
monitor integration, which is to be completed in the coming months.
Rapid expansion of forex business
The acquisition of ACM gives Swissquote an opportunity to rapidly expand its trading operations with its
strongly growing eForex arm. Swissquote’s forex trading volumes will increase by a factor of four thanks
to the takeover, and income from trading will increase from a good 20 percent to more than 40 percent
of total earnings. What is more, with its new branch office in Dubai, Swissquote will in future be able to
participate in the continuing dynamic growth seen in the Middle East and Asia.
Further information on the takeover of ACM will be announced at the telephone conference scheduled
for November 5, 2010 for the publication of the figures for the first nine months.
Swissquote − Swiss leader in online trading
Swissquote has 270 employees in Gland (Vaud) and Zurich. In addition to low-cost stock market access
for private clients and portfolio managers, Swissquote offers a forex trading platform (FXBook), an
attractive savings account and an electronic asset manager (ePrivate Banking). Swissquote Group
Holding AG shares (SQN) are quoted on the SIX Swiss Exchange.
For further information
Marc Bürki, CEO Swissquote Bank Ltd., Chemin de la Crétaux 33, CH-1196 Gland
Tel. +41 22 999 98 50 | fax +41 22 999 94 54 | mobile +41 79 413 41 45
marc.burki@swissquote.ch
trader
January 10, 2011ACM probably could not get a banking license after the police raid in 2007 otherwise these cowboys would have never sold. It would not surprise me if they were about to be closed down. Early margin calls "Marging" they called it, price manipulation. Daily office Cocain parties. This says a lot about SwissQuote.
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