Forex Brokers offering Segregated Accounts

I am interested in hearing about ACM. I am demoing their flash system now. Too much info at their site -- very busy.

Are they an ECN type or a DD. What banks provide their liquidity.

You interrupted our discussion. You are the one off topic. We were discussing the conditions of the US vs. Swiss climate. Are you a public school product? Very rude.

I think there are two ACM's. One in Geneva which seems really good, and one in New York. Yes the same company but oh my what a difference is customer support. I reported the New York office to Geneva and Geneva was quite upset about the snake-pit like behavior of the New York office. The Geneva office is very good, except I have not heard if they have achieved a bank status yet.

I have spoken with the NY ACM office and understand your point. I couldn't get any real answers there either. It was more a fill out the papers and become a client situation.

Hi Flyer415,

Sorry for the slow reply, I promise I will get back to you tomorrow. If you wish, place a post with specific questions you wish answered about ACM, in the mean time why not have a look at the quick reviews on www.forex-ratings.com this may give you an idea already. Ok, write you tomorrow...I'm off on a date!

Hello again Flyer415, Well, after a wonderfully pleasant evening spent with a jewel of a lady, I am ready to answer you!

Before I go off and tell you about ACM, let me remind you that it is very important for you to research the individual brokers yourself. Something you might like may not be the cup of tea for others, so make sure that the broker you choose answers your personal criteria. Also, for Forex I chose an FX specialist in ACM, I also have an account with Saxo for futures.

ACM has been established for many years now, I believe they were founded in either 2001 or 2002. This is an important point to consider, there is a graveyard of brokers that lasted only 1 or 2 years, so opt for one that has a track record. ACM are based in Geneva, Switzerland. Now, some people believe that this is not necessarily a good thing, why? It is true to say that many "scam" brokers, for lack of a better word, are believed to have taken advantage of the good name of the Swiss, namely the security of funds, the solid reputation as banking world leader etc. etc. Well, the Swiss woke up and smelt the coffee, the result is there is now a requirement for everyone involved in the currency market to have a banking licence, which means that they will be regulated by the banking authorities. Now, this is where the established brokers will be separated from the new boys. One of the criteria to receive this licence is the requirement of CHF. 20 million in net capital, which ACM has had even before the ruling came in. As you can imagine, many brokers have opted to leave the country and move elsewhere, 1 other would like to leave but is currently under investigation for withholding clients funds. When this all finally falls into place later this year, switzerland will, in my mind, be the best place to open a trading account, and yes, the banking secrecy will still remain intact!

The global mentality of ACM must also be recognised, with offices in South America, New York and Dubai, it is the only "Swiss" broker to have representations abroad.

When talking about broker-client services, they have always been professional and courteous, again, something you would expect from an established company who relies on its customers for its survival.

Their platform is infact 4, a Java 2 web and a mobile trader all with one login as they are interconnected. Initially it took me a little of getting used to, only because of all the technical indicators, charts etc they offer, I am aware of a few professional money managers who swear by it, me I like it for its quick 1 click execution (BTW, there are still brokers out there who have 3 click execution...in this fastest of markets!), they have trailing stops that work even with your computer off (unlike the metatrader I used to have, but check, things may have changed) and their piece de resistance...guaranteed fills, and that also applies during market news trading.

To be honest, there is so much I can write about in their favour but if you are searching for unbiased oppinions then have a look at the awards they have won (2 last month for e.g.) and their continuous appearance on CNBC, Bloomberg TV and Forex TV should also be seen as stamps of approval.

Well, I think that should explain to you why I am with them, now it is up to you to find a broker you can be happy with as well, good luck !

Thanks for the update. I have been demoing their platform for the past few weeks.

They say they are not a dealing desk but they use the word DD. I have been told by their NY support team that it is really an execution desk. That still confuses me.

Do you know if they are a DD and may take trades against me.

This is what I know. They are what you call a NDD (non dealing desk) broker who practice STP (straight through process).
Now, a market making broker such as Saxo, FXCM, Gain etc do have a Dealing Desk. Your trade is entered into an artificial market and the broker will trade against you, they will buy from one client and then sell to another who set the offer, thereby creating the spread.
ACM and all other NDD brokers do have a trqading room, the sole purpose is to ba able to monitor the market in case of problems arissen by their clients, they do not intervene to trade against you. In the case of a client experiencing a technical hitch and not being able to either open or close a position, they will intervene on your behalf.
As an STP broker, ACM is basically a platter by which your trade is placed into an open market. Their liquidity providers, meaning the banks who provide the liquidity to ACM, are many, I believe we are talking like 20 or so in total. At the moment you execute a position to close, the broker will gather the best offer available at that exact moment and execute your position. As it is an open market which is not controlled by ACM, there will be times that the price you execute at is not actually available. Most brokers in this situation will reject your offer or "requote" you, this means that they will offer you a price that is near to what you asked, obviously not as good as you wanted! Did you know that they guarantee you fills? If this same situation happens with them, they will put in the difference so that you get what you asked, their customer support would be best people to ask how they can afford this, all I know is that I have been filled on every occasion.

lets see if that helps you better understand, it took me a while!

James,

Thanks again. The demo only allows full lots. I asked if partial lots can be done and I was told yes. I have asked if 0.70 or 0.75 lots as an example can b executed and I am waiting confirmation.

Do you know what lot sizes can be executed.

Your comments are what their customer service said as well. Thanks.

Flyer, are you dealing with Geneva ACM? Because as far as I am aware, no broker offers partial lots as you describe. Fractional pips does not meant fractional lots. What I do know is that if you have a mini account like I did when I started, the lot sizes are of 10K and not 100K as with the standard and institutional, maybe the misunderstanding lies there??

Yes a mini would be 7 mini lots while I guess i think in terms of .7 full lots.

I do have demos on MT4 that off .7 and .75 lots. Oanada off course offers anything you want.

I am looking for the precision so i can correctly keep to my MM rules.

Do you trade fractional lots? Or do they offer 28.5 minilots as in this example. And I did not see mini lots in their description.

Thanks.

Ok Flyer, now I am getting confused, I see from your profile that you are from Canada so I take it you are talking with their NY office, I deal with Geneva. Yes .7 as you say is 7 x 10K lots. Again, mini lots in the case of ACM are 10K, standard lots are 100K. I still have a mini account and do trade mini lots, but not fractional lots as you describe, meaning I can't trade 1.5 lot sizes (15k). Are we getting anywhere

Sorry.

In your scenario I would trade 28 minilots. Is that correct. The 28 minilots would work for my MM requirements.

I finally found on their site about the mini lot currencies they have available.

Do you know if you can open a standard or institutional account and trade minilots.

Both the standard and institutional accounts have better spreads and more currency choice.



So I am trying to trade mini lots but have a standard or institutional account. I know.. I want my cake and eat it too.

I just spoke with a buddy of mine (the guy who introduced me to ACM), he explained to me that with certain brokers, a client opening an account over a certain figure is able to negotiate certain trading conditions.

ahaaaaa! Just read your reply! So, you see my buddy was right. All I can say is this is a sign of a broker who is looking after their and their clients interests, they are customizing the trading conditions for you, a sign of a serious broker I think you will agree.

Wow, I need to keep making profit so I can get to negotiating like you! Flyer, it has been a pleasure to talk with you, I believe we have both learnt things today, thanks for your input.

Thanks for your help.

Alpari UK offer 'segregated account'.

so, it is safe or not safe to go with broker who offer 'segregated account'?

or it's just a trick from broker company?

Don't touch AC Markets with a 10 foot pole.
http://www.forexpeacearmy.com/public...ac-markets.com

Thank you

I would say…look for regulations. I trade with acm and when I stared they were the only ones ISO 27001 and ISO 9001 certified. Now they have their banking license