AC-markets (ACM) in Switzerland - safe? | Forex Factory

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AC-markets (ACM) in Switzerland - safe?

  • #1
  • First Post: Jan 29, 2006 10:03am Jan 29, 2006 10:03am
Hi,

Im about to start an account with these and to transfer a good chunk of cash to them. Just came across some articles here, which wasen't positive all of them Are they ok, and stable? Good financials? Safe? ( I mean due to all the talk regards to Refco..)

Thanks in advance for any advice,

PF
  • #2
  • Jan 29, 2006 11:00am Jan 29, 2006 11:00am
Quoting fingotrader
Hi,

Im about to start an account with these and to transfer a good chunk of cash to them. Just came across some articles here, which wasen't positive all of them Are they ok, and stable? Good financials? Safe? ( I mean due to all the talk regards to Refco..)

Thanks in advance for any advice,

PF
I opened my first account with them about 1 1/2 years ago before they were associated with refco. I always got great fills and guaranteed stop loss orders. I closed the account and was promptly wired my $$. I think they are as good as or better a risk as any other broker as far as financial stability.
Forex Trading: The hardest way to make easy money.
  • #3
  • Jan 30, 2006 4:18am Jan 30, 2006 4:18am
WYSWYG was fairly respected most of the time,that time they were not associated with that a-s-s,closed my acc. with them 1 1/2 years ago ....funds wired in 3 days....all way before Refco dive...
  • #4
  • Aug 14, 2006 5:46am Aug 14, 2006 5:46am
Quoting fingotrader
Hi,

Im about to start an account with these and to transfer a good chunk of cash to them. Just came across some articles here, which wasen't positive all of them Are they ok, and stable? Good financials? Safe? ( I mean due to all the talk regards to Refco..)

Thanks in advance for any advice,

PF
I also have an open account with them. So far I have had no problems. I am actually very satisfied.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o> </o>

Concerning refco, the info that I have is that ACM has no business left with them.<o></o>

I actually checked them up before opening the account and they seem very legit. They have been growing steadily and I personally believe that they will be the new #1 soon, as I am hearing more and more persons unhappy with FXCM (slippage). <o></o>

<o> </o>

I specially enjoy that ACM they always guarantees the stop & limit orders. No one else does that, main choice for my decision.<o></o>

<o> </o>

Cheers <o></o>

<o> </o>

F. <o></o>
  • #5
  • Aug 14, 2006 6:16am Aug 14, 2006 6:16am
I read those reviews and was surprised because I have a friend who has quite a bit of money with them that he actively trades. I asked him again how it was with them and said he likes them and he is very happy.

They no longer have any affiliation with Refco. The owners made some smart quick moves with the stock, and divested themselves from Refco. That's the gist of the story I heard, although I've forgotten the details.
  • #6
  • Aug 14, 2006 6:36am Aug 14, 2006 6:36am
ive traded with them for some time now, ACM is awesome
Relax and be happy.
  • #7
  • Aug 14, 2006 7:35am Aug 14, 2006 7:35am
Some people in the past have said that ACM practises "individual pricing" - so you don't really get the claimed spreads.

I have no direct experience, so I don't know if this was/is true or just a rumour.
  • #8
  • Aug 14, 2006 8:26am Aug 14, 2006 8:26am
Quoting fingotrader
Hi,

Im about to start an account with these and to transfer a good chunk of cash to them. Just came across some articles here, which wasen't positive all of them Are they ok, and stable? Good financials? Safe? ( I mean due to all the talk regards to Refco..)

Thanks in advance for any advice,

PF
But IMO all 3 are dreadful. I assume you've tested it?
  • #9
  • Edited 10:59am Aug 14, 2006 8:36am | Edited 10:59am
Quoting fingotrader
Hi,

Im about to start an account with these and to transfer a good chunk of cash to them. Just came across some articles here, which wasen't positive all of them Are they ok, and stable? Good financials? Safe? ( I mean due to all the talk regards to Refco..)

Thanks in advance for any advice,

PF

More comments here.
  • #10
  • Edited 10:58am Aug 14, 2006 9:08am | Edited 10:58am
Quoting highway3000
More comments here.
Blimey - that's incredible!!!!
  • #11
  • Aug 14, 2006 10:51am Aug 14, 2006 10:51am
Quoting WhyLose
Blimey - that's incredible!!!!
I wouldn't believe anything on that site. All I read is broker flame and scam, scam, scam.. it looks like copy & paste scam posts for all brokers.. that site is crap and better listen to people who have actual experience with them.
  • #12
  • Aug 14, 2006 10:56am Aug 14, 2006 10:56am
My apologies to WhyLose and Highway3000, We cannot not allow that link...

In your posts

Thanks Scott
  • #13
  • Aug 14, 2006 11:05am Aug 14, 2006 11:05am
Quoting piccolo
I wouldn't believe anything on that site. All I read is broker flame and scam, scam, scam.. it looks like copy & paste scam posts for all brokers.. that site is crap and better listen to people who have actual experience with them.
Hmmm.. With the greatest of respect for yourself, good sir, I disagree.

I could post further but as now no-one will know what we're talking about or to which site we refer it seems inappropriate within the context of this thread.
  • #14
  • Aug 14, 2006 11:58am Aug 14, 2006 11:58am
Quoting smjones
My apologies to WhyLose and Highway3000, We cannot not allow that link...

In your posts

Thanks Scott
It's alright SMjones. I understand. They should have used another word other than " scam "
To Picolo, I would not contest the experiences of the individuals who gave their comments on that site. There were many brokers who were "slaughtered " here in FF but still given a balanced opinion there by fellow traders.
The highly rated brokers in FF were also highly rated there. FXsol, Ouada...etc
Highway
  • #15
  • Aug 14, 2006 4:58pm Aug 14, 2006 4:58pm
Quoting merlin
ive traded with them for some time now, ACM is awesome
the original question was posted in January....,the guy maybe already blow his account,or might be a millionare....
Merlin you made my day
  • #16
  • Aug 14, 2006 5:17pm Aug 14, 2006 5:17pm
Quoting hun83
the original question was posted in January....,the guy maybe already blow his account,or might be a millionare....
Merlin you made my day


oops!

i just saw it pop up on the homepage and figured it was a new post
Relax and be happy.
  • #17
  • Aug 15, 2006 1:04am Aug 15, 2006 1:04am
Quoting piccolo
I wouldn't believe anything on that site. All I read is broker flame and scam, scam, scam.. it looks like copy & paste scam posts for all brokers.. that site is crap and better listen to people who have actual experience with them.
I have direct experience, so I will add my thoughts.

ACM was the first spot Forex broker I ever used. This was no coincidence, because I think ACM preys on noobies. My account was closed within 1 month by ACM for "improper trading". I will list my problems:

1) The demo price feed is absolutely nothing like the real feed. The demo has periodic high and low spikes that don't exist in real life.
2) I recieved frequent re-quotes on live trades, despite their advertisement (at the time at least) of WYSIWYG trades.
3) Their price feed was slow, and communication with their servers was slow.
4) My account was closed without warning. I logged into my account one day to find my account disabled, with no communication from the company. When I finally had an online chat with someone, they claimed I was scalping, and that my account was closed automatically. They did however wire my funds promptly.

Also important to note that Forex has almost no regulation nor oversight in Switzerland. Even less so than in the US.
  • #18
  • Aug 15, 2006 4:06am Aug 15, 2006 4:06am
What was that link which was unnecessarily deleted from this thread? Can anyone who read it PM me the link?

I dont like this stupid cencorship in here.
fxtrada.com
  • #19
  • Aug 15, 2006 5:31am Aug 15, 2006 5:31am
Quoting piccolo
I wouldn't believe anything on that site. All I read is broker flame and scam, scam, scam.. it looks like copy & paste scam posts for all brokers.. that site is crap and better listen to people who have actual experience with them.
I have an account with them.
I have noticed no change to their platform since using them as a demo for nearly 4 months.....oh sorry, there is one 'minor' difference....spread on this mornings UK CPI figure was nearly 30 pips.
I never saw spreads like that on demo. But guess you never do, that is the idea afterall, people want your business.
So to repeat what has been said before, demo 'v' real life.....always different.
If you don't news trade/scalp, no problems.
No link to refco anymore.
They do not seperate your money from their accounts, and retain the right to use your 'dosh' for their own business purposes.

I will check the US spread this a.m too and post later.
  • #20
  • Aug 15, 2006 6:07am Aug 15, 2006 6:07am
Thanks for the link guys.. I got it now.

I didnt knew posting a link to forexbastards.com is not allowed in here, pretty sad...

In case my post is censored too; than just drop me a PM and I will give you the link guys who need it to see..

Thanks again.
fxtrada.com
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