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AC-markets (ACM) in Switzerland - safe?

  • #21
  • Aug 15, 2006 9:28am Aug 15, 2006 9:28am
I will check the US spread this a.m too and post later.[/quote]


PPI spread 22pips
TIC spread 12pips
  • #22
  • Aug 15, 2006 2:53pm Aug 15, 2006 2:53pm
I have been seeing 50 pips on all of the major news releases lately. ACM said all of their clearing is being done through UBS and that is how it will be from now on.

While they do gaurentee your stops and limits, your stops have to be real large now to avoid being activated the instant the data is released and the spreads widen. Also trailing stops are no longer possible unless they are huge and hence ineffective.

They hold the widened spread long enough too so that if it does whipsaw you will not be able to get out with a winner. It will be STOP LOSS CITY.

So now I must decide if I want the additional risk of trading with an ECN.

SCARY
Profit is where readiness meets Opportunity
  • #23
  • Aug 17, 2006 6:29am Aug 17, 2006 6:29am
I am trading with them (ACM) and had no such problems.



PS- Scalping is not allowed by any broker, they will close your account
  • #24
  • Aug 17, 2006 6:33am Aug 17, 2006 6:33am
Quoting forexmri
I am trading with them (ACM) and had no such problems.



PS- Scalping is not allowed by any broker, they will close your account
TRUE DUDE. I GOT CANCELLED WITH OANDA.
  • #25
  • Aug 17, 2006 7:55am Aug 17, 2006 7:55am
Quoting forexmri
I am trading with them (ACM) and had no such problems.



PS- Scalping is not allowed by any broker, they will close your account
Nonsense ! ! There are many brokers who permit scalping. Example ;Dukascopy specified you can scalp.
  • #26
  • Aug 17, 2006 8:05am Aug 17, 2006 8:05am
Quoting forexmri
I am trading with them (ACM) and had no such problems.



PS- Scalping is not allowed by any broker, they will close your account

I am still new with ACM, 1 week, and the spreads do widen quite dramatically during news, but I expect that now.

My concern (already posted under 'is this normal') is that while I was in a profitable position the spread changed to minus 10 pips from what the price action on the charts was telling me, (and also compared to the price feed on two independent sources).

In other words if I decided to liquidate the position I was being forced to do so at 10 pips less then, from what I could gather, was the real market price.

All the other 'long term trades' I was running, at the same time, on the same platform, with different crosses, had liquidation spreads the same as the chart prices from all sources, broker and independent.

The only difference....those psoitions were not as profitable. I was up over 80 pips as opposed to 5 or 10 pips.

Now, this is only my first week live, so I am either being ignorant or paranoid. I don't know if this is normal practice once you get to a certain profit level? Can anyone help.

I DO NOT WANT TO BASH THE BROKER, so please let me know if this is a universal problem, in which case I shall learn to adapt, somehow

I will persist, but if it continues to be a problem I'll post again.

p.s

I have just joined James16 group, well worth it.
  • #27
  • Aug 18, 2006 6:51am Aug 18, 2006 6:51am
Quoting forexmri
I am trading with them (ACM) and had no such problems.



PS- Scalping is not allowed by any broker, they will close your account
That is very interesting forexmri.
That would mean that ACM is deliberately manipulating our prices.
This is particularly interesting because they have claimed in my last few conversations with them that they have straight though execution.

As for the scalping concerns, not that I am a scalper, two different ACM representative have also stated to me that they do not care how I trade because their execution goes straight to their liquidity provider.


forexmri, you could be a great help to all traders if you would take a screen shot just after the next major news announcment depicting ACM's standard 3 pip spread during the initial volatility. This would be all the evidence traders need. We would then know that ACM has gone to bucket shop tactics and just stay away.

Before we go there though, I have to ask, have you been activley trading in the last month during news? The reason I ask is because I previously had no problems with ACM until recently. It has just been in roughly the last month.

The problems have gotten much worse in the last week too. Failed executions, error warnings after an entry was triggered, cancelled orders executing minutes after they were deleted, even a stop spike that no other data provider showed.

In ACM's defense, they have rectified and refunded most of the errors but not all. That is why I am still with them. However, all that mayhem is a huge distraction and uneeded aggrivation.

logical1,

Do not worry about bashing any broker, I did not hear any bashing in your statement at all. You are just sharing your experiences. Please don't ever stop telling like it is! I am listening.
Profit is where readiness meets Opportunity
  • #28
  • Aug 18, 2006 7:10am Aug 18, 2006 7:10am
Quoting merlin
ive traded with them for some time now, ACM is awesome
I am seriously considering ACM as my next broker replacing "FXCM". Is this a real deal?
  • #29
  • Aug 18, 2006 7:24am Aug 18, 2006 7:24am
BurgerKing,


I've replied to you on the other thread (http://www.forexfactory.com/forexfor...ead.php?t=7172). I only saw this post now.

I find them quite nice but if you are thinking on moving to them, the best is always to start with a small account (or even starting with the DEMO) and see how satisfied you are. That's what I did.

Choosing a broker can is really hard, so good luck man!
  • #30
  • Aug 18, 2006 7:29am Aug 18, 2006 7:29am
I just replied that post a while back.
  • #31
  • Aug 18, 2006 8:03am Aug 18, 2006 8:03am
Highway,

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o> </o>

I don’t know about Dukascopy, but the truth is that in the past I’ve scalp-trade with A LOT of brokers and ALL got really pissed off and several times I got my accounts canceled.<o></o>

<o> </o>

To understand why brokers get pissed off by scalpers one needs to understand that they are running a business and selling a product: their platform that connects traders to liquidity providers.<o></o>

<o> </o>

When a scalper opens an account with a broker he is set on their STP system (e.g. ACM has the majority of their accounts on STP). STP allows the scalper to trade directly with the liquidity provider (this is ideal for the broker & the trader) but soon the scalping trading pattern (where no market position is actually taken, only an attempt to arbitrage the prices) is recognized (by the liquidity provider) and the trade consequently reject. The scalper trade then needs to be met by the broker who will have to loose money with someone who’s not really trading but taking advantage of a bug in the system. That’s why no broker will allow scalping!! (again don’t know about Dukascopy but will verify that. It would be pretty cool if they do allow scalping)<o></o>

<o> </o>

FXopportunist,

<o> </o>

Yeah apparently there were so problems last week. I called them up and they said that they had problems with their JAVA platform. So you have any other info?

<o> </o>
  • #32
  • Aug 18, 2006 8:07am Aug 18, 2006 8:07am
Quoting lifetime_trader
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.
You're welcome to your own opinion, but, I think the mods are doing a great job keeping spam off the board. Maybe your the type of person that wants to receive every piece of junk mail in your inbox, but not me. A little "censorship" on spam goes a long way with me.

Keep it up guys!
  • #33
  • Aug 18, 2006 8:14am Aug 18, 2006 8:14am
Quoting stockwet
You're welcome to your own opinion, but, I think the mods are doing a great job keeping spam off the board. Maybe your the type of person that wants to receive every piece of junk mail in your inbox, but not me. A little "censorship" on spam goes a long way with me.

Keep it up guys!
Yeah. I also think they are doing a pretty good job. Of course "censorship" has its good & bad sides, right?
  • #34
  • Aug 18, 2006 8:22am Aug 18, 2006 8:22am
Quoting forexmri
When a scalper opens an account with a broker he is set on their STP system (e.g. ACM has the majority of their accounts on STP). STP allows the scalper to trade directly with the liquidity provider (this is ideal for the broker & the trader) but soon the scalping trading pattern (where no market position is actually taken, only an attempt to arbitrage the prices) is recognized (by the liquidity provider) and the trade consequently reject. The scalper trade then needs to be met by the broker who will have to loose money with someone who’s not really trading but taking advantage of a bug in the system. That’s why no broker will allow scalping!! (again don’t know about Dukascopy but will verify that. It would be pretty cool if they do allow scalping)<o></o>

How is scalping taking advantage of a bug? and what bug is there?
  • #35
  • Aug 18, 2006 8:43am Aug 18, 2006 8:43am
Quoting forexmri
Highway,

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

I don’t know about Dukascopy, but the truth is that in the past I’ve scalp-trade with A LOT of brokers and ALL got really pissed off and several times I got my accounts canceled.<o></o>

<o></o>

To understand why brokers get pissed off by scalpers one needs to understand that they are running a business and selling a product: their platform that connects traders to liquidity providers.<o></o>

<o></o>

When a scalper opens an account with a broker he is set on their STP system (e.g. ACM has the majority of their accounts on STP). STP allows the scalper to trade directly with the liquidity provider (this is ideal for the broker & the trader) but soon the scalping trading pattern (where no market position is actually taken, only an attempt to arbitrage the prices) is recognized (by the liquidity provider) and the trade consequently reject. The scalper trade then needs to be met by the broker who will have to loose money with someone who’s not really trading but taking advantage of a bug in the system. That’s why no broker will allow scalping!! (again don’t know about Dukascopy but will verify that. It would be pretty cool if they do allow scalping)<o></o>

<o></o>

<o></o>
On their website they openly said that it is welcome to scalp. Your trade goes directly to Interbank. They are not holding your trade.

Highway
  • #36
  • Aug 18, 2006 11:53am Aug 18, 2006 11:53am
Quoting highway3000
On their website they openly said that it is welcome to scalp. Your trade goes directly to Interbank. They are not holding your trade.

Highway
They advertise it, but do they inforce it?

Anybody here scalping with Duka? Let us know if they actually are not BS-ing. (feedback would be interesting)

Normaly brokers put scalpers on stp, but the banks will reject this trading. Thats a fact! I wonder if Duka will loose money just like that.

What do you think guys?
  • #37
  • Aug 18, 2006 1:23pm Aug 18, 2006 1:23pm
Quoting stockwet
You're welcome to your own opinion, but, I think the mods are doing a great job keeping spam off the board. Maybe your the type of person that wants to receive every piece of junk mail in your inbox, but not me. A little "censorship" on spam goes a long way with me.

Keep it up guys!
Do you know what spam is?

I dont know how is posting a link to a website to provide more info and reviews on this broker is a spam?

Is posting www.google.com a spam too?
fxtrada.com
  • #38
  • Aug 18, 2006 3:05pm Aug 18, 2006 3:05pm
I was thinking of opening an account with them but after reading the small print if they went like Refco you would just be an unsecured creditor. They called me several times and in the end the rep did say to me that I was right but they are financiaaly sound. Read the client monies section of their trems before committing. I did not sign up with them
Regards
Sam
  • #39
  • Aug 21, 2006 8:12am Aug 21, 2006 8:12am
Well it is official, ACM is using preventative strategies against news traders.
They have been claiming that it was natural volatility, but today seems to have proven that they are manipulating their spreads.

The USD/CAD widened to 20 pips as early as 2 full minutes before the data release. The price was not even moving when they widened the spreads.

That is not the only problems either. Spiked stops & failed executions have also been experienced.

I don't know what has changed ACM from a good broker to a bad one, but I have read and heard a couple things that make me beleive that UBS is calling the shots at ACM and is now their EXCLUSIVE liquidity provider.

Whatever the case I guess is irrellevant. I am leaving them. Trading with ACM is just like what Trading with FXCM was like back in the day.
Profit is where readiness meets Opportunity
  • #40
  • Aug 21, 2006 11:58am Aug 21, 2006 11:58am
Quoting FXopportunist
Well it is official, ACM is using preventative strategies against news traders.
They have been claiming that it was natural volatility, but today seems to have proven that they are manipulating their spreads.

The USD/CAD widened to 20 pips as early as 2 full minutes before the data release. The price was not even moving when they widened the spreads.

That is not the only problems either. Spiked stops & failed executions have also been experienced.

I don't know what has changed ACM from a good broker to a bad one, but I have read and heard a couple things that make me beleive that UBS is calling the shots at ACM and is now their EXCLUSIVE liquidity provider.

Whatever the case I guess is irrellevant. I am leaving them. Trading with ACM is just like what Trading with FXCM was like back in the day.




I can confirm the above is true.
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