AC Markets

AC Markets has a unenviable reputation of being a bucket shop operation with a huge churn rate of live accounts (reported by IslamOnline.net in December 2009). AC Markets are known as stop hunters eager to hunt out client account balances with the aim of taking capital from clients, often trading against their clients position and on a regular basis not actually placing client trades, as stated by a company insider to IslamOnline.net

Company

Website: www.ac-markets.com
Advanced Currency Markets SA
AC Markets Advanced currency markets SA, 50 rue du Rhône, 1204 Geneva, Switzerland. 

Spreads

Main PIP spreads: 

EURUSD 2PIPS
GBPUSD 3PIPS
USDCHF 3PIPS

Platform 

You can register for a practise account from their website.

Java based system which is downloaded from confirmation email. Once downloaded it runs from local machine (as opposed through browser like Oanda’s platform does). Mobile phone and Web browser trading software are also offered.  

Trade and Execution

Execution of trade was fast:

Stop and limits can easily be placed as can use of trailing stop.

Charting

Charting component is excellent. Fibonacci tools are present as are studies such as Parabolic SAR, MACD and moving averages. Alerts can also be configured.

News and Market Research

The news is rather limited with its currency news offering. Further analysis is provided via a link to the ac-markets website. No technical market information is providing on orders, support residence levels.

Overall Rating

1 Stars **** (out of 5)

Poor customer service is provided and ACM are a known company with a negative track record of being in the market. Streamlined platform provides all the required trading functionality, though there is room for improvement in market news and technical trading analysis, especially for new traders who require support.