ACM Forex

Advanced Currency Markets, also known as ACM Forex, is a foreign exchange market broker that was founded in Geneva, Switzerland in 2002. They now have offices in Geneva, Zurich, New York, Dubai, and Montevideo, Uruguay. Most of their administration and customer service is located in Geneva, making it easier for Europeans to do business with them.

They have a substantial following by experienced foreign exchange traders and a good reputation in the industry. Their online forex trading platforms are not as snazzy as many of their competitors and the minimum deposit is $2,000 USD, but these are not considered detriments to their core customer base of seasoned foreign exchange traders.

There are two things that may turn traders away from using ACM Forex for currency trading. First, there are no agreements regarding trading with their own customers, making them unfavorable to some. In addition, due to Swiss regulations, accounts cannot be fully set up online. Hard copies of signed paperwork must be sent to them.

There are also many advantages to using ACM Forex for your foreign exchange trading. Here are some reasons to consider Advanced Currency Markets.

• ACM Forex trading accounts have the same features as their demo account, so you can learn how it all works before making a deposit. The demo accounts start with a balance of $100,000.

• Their forex trading platform provides four different ways for online forex traders to trade forex online, including an application that allows mobile forex trading right from your phone.

• For stop orders (orders to buy or sell once the currency reaches a set price), no slippage is given. Trailing stops (those where the stop price is a set amount below market value) are permitted on their platform as well.

• Competitive pip (sell/buy) spreads are their specialty. They have several spreads of the four most popular currency pairs.

• They do not actively market to you via telephone unless you ask for a call.

• Their focus is on lowering their profit margin per trade for better execution and more trades. This results in low cost forex trading for every customer.

• Standard maximum leverage limits of 100:1 are offered.

ACM Forex is not ideal for a new foreign exchange trader, but they are the preferred forex broker for many experienced forex traders who participate in the forex online trading market.