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AC-markets (ACM) in Switzerland - safe?

  • #61
  • Sep 11, 2006 6:40am Sep 11, 2006 6:40am
Hello ilidio,

Sorry to see you are upset. But, my previous post pretty much says it all. I will contunue to share my experiences and ACTUAL EVENTS with this community so that all can make an informed decision. It is the most powerful thing we can do as consumers.

As far as you being or not being associated with ACM, FXCM, SAXO, UBS or whatever, it really doesn't matter. However, I find it bizarre that someone to would go to such great lengths to defend a broker at this level where they have no interest to do so. Very strange.

Most of the people who get my respect in this Forum say things like "I have no problem with this Broker" or "I am very satisfied with this broker and would not trade anywhere else". Everyone respects that. It is when you sound like a broker brochure that you invite speculation that you are affiliated.

People can make thier own decision. Reading this thread from begining to end is a good start.
Profit is where readiness meets Opportunity
  • #62
  • Sep 11, 2006 7:20am Sep 11, 2006 7:20am
Quoting FXopportunist
Hello ilidio,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
Quoting FXopportunist
Sorry to see you are upset. But, my previous post pretty much says it all. <o></o>

I sure am upset. It so easy to start a rumor, isn’t it? Especially over the internet where the only think you have in front of you is a monitor. That makes the process of discrediting someone so easy.<o></o>

I will contunue to share my experiences and ACTUAL EVENTS with this community so that all can make an informed decision. It is the most powerful thing we can do as consumers.<o></o>

Good. I have never attempted to censure, discredit or attack you!!!<o></o>

As far as you being or not being associated with ACM, FXCM, SAXO, UBS or whatever, it really doesn't matter. However, I find it bizarre that someone to would go to such great lengths to defend a broker at this level where they have no interest to do so. Very strange. <o></o>

Well, what I question is the lengths that someone would go to criticize a broker where they supposedly have an open account for several years. That doesn’t make any sense to me. <o></o>
I have experience of trading with them, so why would I have to take your opinion over mine? Why are you the holder of truth? I defend what I think and that’s it. Plus I am quite fed up with the BS that goes around the net. I even have seen that FXCM, ACM and Saxo are scams!!! I am sure who says this is probably someone who’s trying to scam someone!<o></o>

Most of the people who get my respect in this Forum say things like "I have no problem with this Broker" or "I am very satisfied with this broker and would not trade anywhere else". Everyone respects that. It is when you sound like a broker brochure that you invite speculation that you are affiliated.<o></o>

So you know how brokers talk like, hein!?! And that makes ME a broker???? Where I come from we usually say that “animals alike…recognize each other”!<o></o>

People can make thier own decision. Reading this thread from begining to end is a good start.<o> </o>

Well, I do advise people to read the forum. As well to read you comments on all the forums. You can see things like “ACM is the best”, then “ACM sucks”. Then “Oanda sucks”, then “MB trading sucks”, then “MB trading is great”, then “MB trading slipped me 13 pips”, “they didn’t fill me”. “”FXCM and ACM are suspiciously very alike”, etc<o></o>
Make up your mind man. If you are in a crusade against all the brokers and the way business is done in forex I can still understand a bit of where you are coming from. But be sure that it’s not through insults that you will gather troops for your cause.
<o></o><o></o>
  • #63
  • Sep 11, 2006 7:25am Sep 11, 2006 7:25am
Peace and loooove people!!
  • #64
  • Sep 11, 2006 7:30am Sep 11, 2006 7:30am
Quoting forexmri
Peace and loooove people!!

Ok man. u are right. you guys don't need to see these kind of behaviour. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
I apologize. Will try to restrain myself from entering personal discussions.<o></o>
  • #65
  • Sep 11, 2006 2:38pm Sep 11, 2006 2:38pm
Quoting forexmri
Peace and loooove people!!
LOL
Profit is where readiness meets Opportunity
  • #66
  • Sep 12, 2006 12:29am Sep 12, 2006 12:29am
Quoting FXopportunist
LOL
OH MAN, NOW I HAVE AN AWFUL IMAGE IN MY HEAD....
I RATHER IMAGINE YOU BOTH FIGHTING THAN MAKING OUT....
(EH! EH! EH!)
  • #67
  • Sep 14, 2006 8:14am Sep 14, 2006 8:14am
Well, I have pulled the last of my funds from ACM. It probably sounds silly that I am a little sad for this, but I am. They were great for me for so long. I actually thought I had the best broker out there for years. We all have our threshhold though. So, out in to the broker world I go. I have put a small amount my funds with MB Trading and I am looking for another to use also. I would love to hear suggestions. I am curious about CoesFX, Tradex and FXSol at this point. I would be grateful for any experiences anyone wishes to share.
Profit is where readiness meets Opportunity
  • #68
  • Sep 25, 2006 6:38am Sep 25, 2006 6:38am
Quoting FXopportunist
Well, I have pulled the last of my funds from ACM. It probably sounds silly that I am a little sad for this, but I am. They were great for me for so long.
The same for me. I've being trading with them for two years and I was very happy, but when I started to trade only news and getting profits continuously ... bye, bye.
  • #69
  • Nov 2, 2006 8:34pm Nov 2, 2006 8:34pm
hi, I'm new in ACM but the discussion are very hot .. may I get some guidence and know what are the new performance of ACM from ilidios ... because you dont permited email... or could you email me..
need help in confident and tahank you in advance
  • #70
  • Nov 5, 2006 1:38am Nov 5, 2006 1:38am
Used to get phone calls 3-4 times a week with Nicolas Waser forcing me to join them thought what the hell and I signed up (which is a pain you need ur documents certified)

First week it was awesome I was up about 5% then hell broke loose.

At all news times my spread went to 30 pips eur gbp chf aus yen for 1sec - 60s depending if I was in the trade or not

Their prices were very slow and sometimes they wouldnt move for 60 secs to wait for the market to come back to their prices before they started it moving, but they would let you enter at anytime.

Also after I would enter a trade the price feed woudl jump 2-3 pips comapred to all other brokers and stay at the higher price until i had closed my trade, essentially I was paying a 5 pip spread on GBP

But this is what caused me to close my account and lodge a complaint with the FDS. The picture speaks for it self

I was long 4 lots and all other brokers are showing 70 and ACM starts going 69 68 67 65 64 63 I was thinking hey awesome arbitrage chance here, but then bang it drops to 60 stops me out and next tick the price is back to 71. No other broker dropped below 70

The chart time is different to the statement as it runs of their server time and charts are local

http://img95.imageshack.us/img95/9272/untitledva4.gif

Their excuse: one of our liquidity providers gave us that price and we acted on it. Whatever that means.

I gave them one more chance after this and when I was in a trade up about 30 pips the platform shuts down and I cant relog back in saying 'incorrect password' they sent me to tech support who kept saying clear your java cache (how does this effect my passwd?). Eventually I got stopped out at BE (better then taking a loss atleast) about 5 mins after my stop out my platform was working perfectly again

I recieved the remainder of my funds in 2 days. No complaints in that department
  • #71
  • Edited 6:13am Sep 30, 2010 5:57am | Edited 6:13am
no surprise !

ACM banking licence rejected by FINMA.

http://m.letemps.ch/Page/Uuid/7fdc42...us_de_la_Finma


(thanks finma ! for all bad tricks i endured previously with this broker and Lloyd La Marca team )
  • #72
  • Oct 1, 2010 3:40am Oct 1, 2010 3:40am
Recent press articles surrounding ACM’s status have evoked events that took place several months ago. Following FINMA’s preliminary review as of December 2009, ACM was found not to satisfy all the requirements for Swiss bank status due in part to impediments arising from ACM’s cross-continental and cross-jurisdictional, global presence.

Since that time, the firm has effectively adhered to all banking regulation required by FINMA and its activities continue without restriction.

ACM has and continues to work closely with the regulator and has taken all necessary measures to resolve outstanding issues. An independent 2010 audit confirmed that the firm fully complies and fulfills all necessary requirements – be they structural, organization or financial - for its banking license.

ACM is confident in the positive resolution of this case and optimistic about the company’s future.

In the interim, the largest retail Forex broker in Europe continues normal business operations and trading.

ACM recently launched a new Web-based trading system as well as added several new features to its revamped Homepage.
  • #73
  • Edited 4:31am Oct 1, 2010 3:51am | Edited 4:31am
Quoting ACM Forex
[font=&quot]Recent press articles surrounding ACM’s status have evoked events that took place several months ago. Following FINMA’s preliminary review as of December 2009, ACM was found not to satisfy all the requirements for Swiss bank status due in part to impediments arising from ACM’s cross-continental and cross-jurisdictional, global...

Dont dare lie to me lol
  • #74
  • Oct 1, 2010 12:01pm Oct 1, 2010 12:01pm
I have an account with them however no $$$ is in it any longer. I do trade the news for the most part, afterspikes instead of spikes, and thought I'd give ACM a try. Well my results were terrible, I could never get filled. Would always get the message that "this price no longer exists". Can understand this happening when your spike trading but not 10-15 seconds after the news has been released and volatility has started to diminish. Seems their liquidity dried up right after a news announcement came out or they were just refusing to fill orders that would more likely become profitable.

Now if your not trading around news announcements my experience says they will fill you and at the price you clicked however their spreads are high compared to many other brokers (unless you deposit ALOT of $$$ in your initial deposit) so why waste your time on them?
  • #75
  • Last Post: Oct 29, 2010 1:16am Oct 29, 2010 1:16am
Their customer support keeps telling that ACM is still regulated by FINMA
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