 Residence, Regulation, and Company Management Structure
As written on the site, the ACM company is controlled directly by the Federal Ministry of Finance, Switzerland, and from their site it is possible to draw the conclusion that the company is incorporated (it is a resident) in Switzerland, although unequivocal information about registration is not present.
The year of the founding of the company is not mentioned.
The company has at least 2 offices, and their addresses are stated.
The list of subdivisions of the company its managers are mentioned and there are pictures – together with short profiles/resumes. However, direct contact with the managers is not possible.
Company's Market Position
Going by their site, ACM works exceptionally with the largest institutional providers of liquidity, one company is ECN. In spite of excellent epithets (“the largest and most prestigious world banks”), their partners (liquidity suppliers) are not mentioned.
The company provides standard and institutional accounts, their fundamental differences are in the size of initial deposits (to $50 000 standard, above – institutional). There are management services for individual investors, and brokers, offered.
There are some partnership programs.
Types of Services Offered
The company offers 27 currency pairs, as well as commodity trading, with gold and silver.
The financial leverage given is determined by margin size and depends on the size of the trading account: below $1 million margin 1% operates and, accordingly, leverage 100:1, over $1 million a margin is set 2%, which corresponds a leverage of 50:1.
The company does not distinguish between an initial and supporting margin, the size of minimum margin (level of liquidation) corresponds 100% initial.
Full-fledged information about the terms-of-trades is stated on the site. This information is compactly placed (on one page of site), although key moments repeat themselves on other pages.
The limitations, on volume of transactions, are not set.
The size of a standard lot is equal to 100000 units of trading currency; mini-forex is not supported.
Quotations are streamed, as the company notarises change, without any slippage. The size of spreads is 3 pts. For most courses (exact sizes are mentioned in the conditions of trade). The company keeps an option for the expansion of spreads, in the situations of fatal loss of liquidity (unexpected news, acts of God of etc.).
The transfer of positions, carried over to the next day, is executed according to (SWAP), modified by a company (without delivery). The sizes of SWAP are resulted in the proper table. Other fees and payments are not mentioned.
The relations of the company and clients are validated through the proper and appropriate documents. The forms, of which, are placed on the site.
The procedures of depositing or withdrawing money into and/or from the account are not mentioned on the site. This is all done and explained, to the client, via direct contact; from their client support office.
Traders Support
There is some short educational-helping material for beginners on the site and educational accounts are offered for up to 30 days. The basic instrument of support for users is the telephone. The telephone numbers and e-mail address of the various departments of the company are mentioned and toll-free system of international calls is in service.
There is a system of ordered (call-back) calls. This special telephone service operates in several world languages.
The site is translated into several languages.
As the site says, the company, independently, is not engaged in analytics, but “co-operates with many companies, specializing in a fundamental and technical analysis.” Accordingly, the basic volume of analytics is given, which requires a fee payment, on subscription. There are bonus programmes for “active clients.”
News is presented on the site and is translated on a trading terminal.
The Trading Platform
The company offers two types of trading platforms – Flash and Java. Both platforms can execute basic informative services. Naturally, the executable platform is more powerful and flexible and contains a wide set of analytical tools (types of the charts, indicators, graphic facilities); there are possibilities for the development of user indicators and strategies and their back-testing.
Site Design and Ease of Navigation Comments
The design is pleasant and is not overloaded by illustrations. Information is well structured and important information, although compact is sufficiently full. The main menu is comfortable, with the necessary information easily and quickly and quickly navigable.
Advantages
- Wide set of trading currencies
- Competitive terms of trades
- Clear and full information about term-of-trades
- Good and various analytical supports
- Multilanguage support of clients
- Powerful auction platform
- Site done correctly.
Disadvantages
The place of registration of the company and date as well as the beginning of its first trading activity and the key partners (supplier's liquidity, calculation bank) are not mentioned. |
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