Understanding ACM Foreign Currency Trading

 

ACM Scandal

The Advanced Currency Markets (ACM or AC Markets) created quite a buzz among Forex dealers in the past years because of a police raid that was done in May 2009. The FPA was acting on claims that ACM was allegedly making fake FPA accounts to post comments and threads from “satisfied customers”. Following the events from the 2009 raid, ACM was denied a license by the Swiss Financial Market Supervisory Authority (FINMA) in 2010 after it was found to be unable to satisfy the requirements for it to become a Swiss bank.

Redemption and Victory

In spite of the issues it faced in the past years, ACM remained to be the largest retail Forex broker in Sweden and in all of Europe. It remained optimistic that the issue will be resolved and that the company’s future will be positive. The resolution came in November 2010 in the form of SwissQuote, a recognized Swiss public bank which bought ACM. In the years that followed, SwissQuote proved to be a huge instrument that caused ACM to redeem its reputation in the foreign currency trading market.

In December 2010, almost immediately after it was bought by SwissQuote, ACM won over MexBank in lawsuits that claim ACM is responsible for MecBank’s losses. In 2012, it was even recognized by the 2012 New Europe FX Awards as the Best Forex Bank in Switzerland.

To date, ACM remain to be a part of SwissQuote and continues to serve more than 200,000 accounts all over the world through their unique eForex solutions.

The SwissQuote-ACM Forex Advantage

Since the foreign trading market is open 24 hours a day, 7 days a week, the world’s most liquid and volatile market offers countless trading opportunities that allow dealers to make trades of as much as 60 currency pairs. Banks, corporations, hedge funds, brokers and individual dealers could all trade electronically or by voice to make simultaneous sales and purchases of two different currencies.

ACM offers tailored solutions for both institutional and retail dealers who wish to make fast, convenient and reliable trade transactions online. It also gives a free technical and fundamental analysis of the Forex market on a daily basis in its “Today in FX” page.

Beginners have the option to open a Practice Account so that they can first get used to the methods and execution of foreign currency trades. More advanced dealers could opt for a Live Account which comes with better opportunities and higher potential profits. Dealers could also choose from one of their multiple trading platforms that are designed to suit any institution or individual’s needs.

Content Source: http://www.mtrading.in/, an Indian Forex trading broker.