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ACM - changes for margin requirements

  • #1
  • First Post: Edited Jan 18, 2008 9:19am Jan 17, 2008 12:12pm | Edited Jan 18, 2008 9:19am
ACM - THEFT BY DESIGN. ACM the business of currency broker is unregulated in Switzerland.
They are regulated by the Swiss Federal Department of Finance => only for money laundering procedure.
FOREX trading is UNREGULATED in SWITZERLAND.
On January 16 2008 they posted new changes for margin requirements http://www.ac-markets.com/online-for...ead-rates.aspx
This will create massive margin calls on existing accounts.
I'm trading with them for 2.5 years, large account.
This changes indicate that they have not enough CASH to cover your positions with inter banks, and they need your money.
Be prepared that they may change margin over weekend without any notifications.
On my trading account they bump margin requirements from 1% to 5% on the same account balance, because they want to force me to close my open positions. If you have the same problem or other problems with ACM, please contact me.
Swiss law firm collecting information on ACM www.mcswisslaw.com to take them to court for SCAM & FRAUD activity.
  • #2
  • Jan 17, 2008 12:32pm Jan 17, 2008 12:32pm
If you go to their web page you will see they are regulated by the Swiss Federal Department of Finance.(very tough to get that) They are not a scam and their margin is still 1%. If you have any questions CALL THEM, they will answerer any questions you have regarding your situation, but please stop posting that they are a scam as they are one of the few brokers who are regulated. Just because you are losing does not make your broker a scam.
Just Trade It
  • #3
  • Edited 9:47am Feb 21, 2009 8:34am | Edited 9:47am
Quoting forexfg
ACM - THEFT BY DESIGN. ACM the business of currency broker is unregulated in Switzerland.
They are regulated by the Swiss Federal Department of Finance => only for money laundering procedure.
FOREX trading is UNREGULATED in SWITZERLAND.
On January 16 2008 they posted new changes for margin requirements http://www.ac-markets.com/online-for...ead-rates.aspx
This will create massive margin calls on existing accounts.
I'm trading with them for 2.5 years,...
You've got only 11 posts on this forum and 4 of them contain accusation of ACM. Your profile states your experience is more than 5 years and your favorite broker is a bucketshop. How can a professional trader with more than 5 years of experience choose a Bucket shop as his favorite broker? People who have more than 5 years of experience trade with Banks or the ECN. All this is suspicious.
  • #4
  • Feb 21, 2009 8:37am Feb 21, 2009 8:37am
[quote=forexfg;1807621]..............

On January 16 2008 they posted new changes for margin requirements http://www.ac-markets.com/online-for...ead-rates.aspx
quote]

I found the following line on the webpage you give the link to:


Minimum margin rates for ACM institutional accounts go as follows (Our margins do not widen overnight and during the weekend)
  • #5
  • Feb 22, 2009 3:15pm Feb 22, 2009 3:15pm
Future about ACM will be decided by criminal court in Geneva within short period off time.
So far I have no problems with Alpari UK to trade multi mln accounts, execution just perfect.
  • #6
  • Edited Feb 23, 2009 4:33am Feb 22, 2009 3:29pm | Edited Feb 23, 2009 4:33am
Quoting forexfg
Future about ACM will be decided by criminal court in Geneva within short period off time.
So far I have no problems with Alpari UK to trade multi mln accounts, execution just perfect.
Why don't you trade on the ECN? with multimillion account you would have had very low comissions.
  • #7
  • Feb 22, 2009 5:57pm Feb 22, 2009 5:57pm
Try for your self ACM. If they are so good, why they closed they office in NY? With Alpari UK I execute about 25000-35000 trades a week.
  • #8
  • Feb 22, 2009 6:00pm Feb 22, 2009 6:00pm
I'm already tired to search for small spread, and I care less about one pip here or there, most important execution and be on a right side of the market,
that what is counts to the end of the day.
  • #9
  • Feb 24, 2009 3:26pm Feb 24, 2009 3:26pm
Quoting vorschlag
You've got only 11 posts on this forum and 4 of them contain accusation of ACM. Your profile states your experience is more than 5 years and your favorite broker is a bucketshop. How can a professional trader with more than 5 years of experience choose a Bucket shop as his favorite broker? People who have more than 5 years of experience trade with Banks or the ECN. All this is suspicious.

FYI guy, FOREX is an off exchange market. So who eva you deal with, either a market maker , ECN, or even a bank. You are dealing with a bucket shop.

Market makers could hedge against your position, ECNs forward their position to a bank, even banks could hedge against their client. So no matter who you deal with. You are dealing with a bucket shop. What you need to look for is the integrity of the broker, and their history. When i started trading forex, I listened to idiots that use the term market maker over and over, and I decided to look into it, and it turns out that everyone out there is market maker or working for a market maker.

Good day
  • #10
  • Feb 24, 2009 6:58pm Feb 24, 2009 6:58pm
Quoting cka6c
FYI guy, FOREX is an off exchange market. So who eva you deal with, either a market maker , ECN, or even a bank. You are dealing with a bucket shop.

Market makers could hedge against your position, ECNs forward their position to a bank, even banks could hedge against their client. So no matter who you deal with. You are dealing with a bucket shop. What you need to look for is the integrity of the broker, and their history. When i started trading forex, I listened to idiots that use the term market maker over and over, and I decided to look into...
You didnt fully understand what I was talking about. Perhapas youre right that the ECN and banks act like market makers. When I mentioned them I was speaking only about the comissions but not about their structure. You may call them all bucketshops but you will get the lowest comissions in the bucketshops called the ECN and banks. You may call them whatever you like. But the bucket shop he was trading at is ment for noobies with small accounts with high commision(spread) in comparison with the ECN and Banks.
  • #11
  • Mar 17, 2009 10:53am Mar 17, 2009 10:53am
Quoting forexfg
Try for your self ACM. If they are so good, why they closed they office in NY? With Alpari UK I execute about 25000-35000 trades a week.
Wow! You sound like a man on a mission of destruction! I will not insult your intelligence in the way you seem to do other members here, I was brought up with morals, you should try it one day, you sound like a bitter, bitter person who is need of some friendship. before posting your post on ACM closing their NY office, did you bother to try and find out why they did so?

As you may or may not be aware, they are in the process of getting their Swiss banking licence, for this reason alone they were required to postpone their account opening proceadures in the US, the office still exists there and should revert to normal service after the licence is received. OK?.
  • #12
  • Mar 18, 2009 7:11am Mar 18, 2009 7:11am
hello again forexfg, I just posted a response to flyer415 on this forum, perhaps you can read it and give me your thoughts, you may even want to compare your broker to the points I made about ACM. If the only reason you are slandering them is because they changed the status of their NY office, to which I gave you the reason, then I can only suppose that you are on here to beat down your successfull competiton, I would imagine ACM are not the only ones in your sights. Please, feel free to counter.
  • #13
  • Nov 7, 2009 10:39pm Nov 7, 2009 10:39pm
body {margin:8px} .LW-yrriRe {font:normal x-small arial}Dear Mr. Forexfg


I had the same problem that you speak in this forum.

My account during the Saturday and Sunday was a difference in pips between bid and ask of even 60 pip.
With this difference of 60 pip between ask and bid , the margin go down to much and the plattform close me all position .
I advise everyone to no work with ACM because their goal is just to take your money

Frank.for
  • #14
  • Last Post: Mar 31, 2010 1:25pm Mar 31, 2010 1:25pm
Anyone else have experience with ACM? they look good but I haven't traded with them before.
The greatest force on earth is compound interest.
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