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advanced currency markets

  • #1
  • First Post: May 12, 2006 1:30pm May 12, 2006 1:30pm
Hi folks

does anybody has experience with advanced currency markets ?
( swiss broker )
  • #2
  • Jun 22, 2006 3:28am Jun 22, 2006 3:28am
Ive been using the demo almost 1 month. These are what ive found out:

Advantages:

1. Good execution time, certainly not the fastest. GFT is still faster
2. Very user friendly
3. A choice of webbase & flash platform
4. Tight spread, up to 2pips when using institutional acc (50k)
5. No interest charged when you are muslim (shariah compliance or islamic banking)
6. Genuine
7. Friendly broker

Disadvantages:

1. Once I experienced server down for 5 minutes
2. Stupid policy like: Cant use your profit fm 5k (minimum) account to open Institutional Acc (50K). It has to be fresh fund. I asked how will you know? They said, they will calculate the withdrawal amount!! WHATS THE DIFFERENCE I ARGUED, $ S $?
3. No mini Account = 100k per lot only

I hope this helps.
Change Your Thinking. Change Your Life - JD
  • #3
  • Oct 6, 2008 6:23am Oct 6, 2008 6:23am
Quoting OrangeRoshan
Ive been using the demo almost 1 month. These are what ive found out:

Advantages:

1. Good execution time, certainly not the fastest. GFT is still faster
2. Very user friendly
3. A choice of webbase & flash platform
4. Tight spread, up to 2pips when using institutional acc (50k)
5. No interest charged when you are muslim (shariah compliance or islamic banking)
6. Genuine
7. Friendly broker

Disadvantages:

1. Once I experienced server down for 5 minutes
2. Stupid policy like: Cant use your profit fm 5k (minimum) account to open Institutional Acc (50K). It has to be fresh fund. I asked how will you know? They said, they will calculate the withdrawal amount!! WHATS THE DIFFERENCE I ARGUED, $ S $?
3. No mini Account = 100k per lot only

I hope this helps.
I don't know how it were in 2006 but now they have miniaccounts with 2000$ deposit. then you trade minilots 10k. but the spread on majors will be 4 pips
  • #4
  • Oct 6, 2008 6:27am Oct 6, 2008 6:27am
this is good thread, it will be good to see it in the broker discussion forum. because i have found very little information about them and very few posts about them. interested to hear more about them.
  • #5
  • Jan 7, 2009 11:12am Jan 7, 2009 11:12am
2. Stupid policy like: Cant use your profit fm 5k (minimum) account to open Institutional Acc (50K). It has to be fresh fund. I asked how will you know? They said, they will calculate the withdrawal amount!! WHATS THE DIFFERENCE I ARGUED, $ S $?

Yes, when I questioned them they gave me this reply. In order to keep the tight spreads found in their InstitutionalAaccount, spreads that were negotiated between ACM and the Liquidity Providers, the banks require the broker to see fresh money comming in. Makes business sence to me.

As I have traded for a while with them (and an account with another broker), by all means please post any further questions you may have.

Happy Pipping!
  • #6
  • Last Post: Feb 21, 2009 8:51am Feb 21, 2009 8:51am
Quoting James Oak
2. Stupid policy like: Cant use your profit fm 5k (minimum) account to open Institutional Acc (50K). It has to be fresh fund. I asked how will you know? They said, they will calculate the withdrawal amount!! WHATS THE DIFFERENCE I ARGUED, $ S $?

[color=darkslateblue][color=black]Yes, when I questioned them they gave me this reply. In order to keep the tight spreads found in their InstitutionalAaccount, spreads that were negotiated between ACM and the Liquidity Providers, the banks require the broker to see fresh money...
hi, James
Do they change margin requirements during weekends or at any other times?
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