ACM Forex

By: EconomyWatch   Date: 8 July 2009

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Advanced Currency Markets, or ACM Forex, is a leader in online currency trading services. Audited by Ernst & Young, ACM raised its share capital to 20 million Swiss Francs in February 2008, making it Switzerland’s largest capitalized online forex broker.

 

With its headquarters in Geneva, ACM Forex has a presence in four continents. Its offices are located in:

City

Opened in

Geneva 

2002

Dubai

2005

Montevideo

2007

New York

2008

Zurich 

2009

ACM Forex: History

 

Established in 2002, AC-markets.com opened under the regulation of the Swiss Financial Market (FINMA) supervisory authority. The same year, it became the first retail foreign exchange broker to offer:

  • guaranteed limit and stop orders
  • fixed three pip spreads on major currency pairs

ACM was certified in 2006 (ISO 9001: 2000) and in 2007 (ISO/IEC 27001:2005). The monthly volume achieved by the firm has progressed as follows:

  • 2003: $10 billion
  • 2004: $25 billion
  • 2005: $50 billion
  • 2007: $100 billion
  • 2008: $150 billion

ACM Forex: Core Concepts and Business Model

 

The core concepts of the business model of ACM are:

·        Competitive: Low trading rates allow the firm to maintain the largest market share, ensuring liquidity to every customer.

·        Transparent:Execution procedures, costs and technologies are easy to find on the website and are detailed clearly.

·        User-friendly: Customers concentrate on trading as the web design saves them from spending time on procedures.

·        Service-oriented: ACM's human resources in all departments are available 24 hours a day.

·        Informative: From exclusive dealing quotations to an accurate view of the market activity, ACM gives quality information.

Products & Services

 

The company offers three types of trading accounts – mini, standard and institutional. The trading platforms offered by ACM are:

·        Advanced Trader

·        Advanced Web Trader

·        Advanced Flash Trader

·        Advanced Mobile Trader

The minimum amount needed to start trading is $2,000. Some advantages of trading with ACM are:

  • no commission
  • no capital gains tax on profit
  • guaranteed fills on markets orders
  • an SSL encrypted platform that ensures security

When a trader clicks on a price, it remains the execution price irrespective of market movements following the click. Traders have no hidden costs to bear in the form of slippages.

With its ‘what you click is what you get’ (WYCIWYG) concept, ACM is seen as a benchmark in the forex market.


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