AC Markets

Category: Forex Broker Reviews http://www.ac-markets.com Average user rating from: 31 user(s) Broker Rating 3.8   Add new review Your name:* Your email address (it will not be published):* Your location: Select location: Afghanistan Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Arctic Ocean Aruba Ashmore and Cartier Islands Atlantic Ocean Australia Austria Azerbaijan Bahamas Bahrain Baker Island Bangladesh Barbados Bassas da India Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Bouvet Island Brazil British Virgin Islands Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Clipperton Island Cocos Islands Colombia Comoros Cook Islands Coral Sea Islands Costa Rica Cote d'Ivoire Croatia Cuba Cyprus Czech Republic Denmark Democratic Republic of the Congo Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europa Island Falkland Islands (Islas Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern and Antarctic Lands Gabon Gambia Gaza Strip Georgia Germany Ghana Gibraltar Glorioso Islands Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Honduras Hong Kong Howland Island Hungary Iceland India Indian Ocean Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Jan Mayen Japan Jarvis Island Jersey Johnston Atoll Jordan Juan de Nova Island Kazakhstan Kenya Kingman Reef Kiribati Kerguelen Archipelago Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Midway Islands Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Navassa Island Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island North Korea Northern Mariana Islands Norway Oman Pacific Ocean Pakistan Palau Palmyra Atoll Panama Papua New Guinea Paracel Islands Paraguay Peru Philippines Pitcairn Islands Poland Portugal Puerto Rico Qatar Reunion Republic of the Congo Romania Russia Rwanda Saint Helena Saint Kitts and Nevis Saint Lucia Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Korea Spain Spratly Islands Sri Lanka Sudan Suriname Svalbard Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Togo Tokelau Tonga Trinidad and Tobago Tromelin Island Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom USA Uruguay Uzbekistan Vanuatu Venezuela Viet Nam Virgin Islands Wake Island Wallis and Futuna West Bank Western Sahara Yemen Yugoslavia Zambia Zimbabwe Ratings (the higher the better) Broker Rating Rate it Scam 1 2 3 4 5 Comments:     Please enter the security code. Add new review Reviews Feed February PROMOTION Learn more. FOREX JUSTICE SPOTLIGHT ARTICLE   Read more. Company response We have not received a comment or response from this company. User reviews SCAM Friday, 23 April 2010 Written by t.blair from none   -  View all my reviews  - Top 10 Reviewer I also heard about these news regarding the previous CEO. However, it is not sure whether the company will be changing for the good or not. I once tried to open an account with them but good thing that I read reviews about the company. I think the company has been posting exaggerated positive reviews for them showing that they really want to counter all the negative things about them. However, I think it is not only this company that has been doing things like increasing spreads during the release of breaking news. But I hope the entire forex market will someday be free from this kinds of things. SCAM Thursday, 03 December 2009 Written by ben from Australia Are you people serious ? Apart from the fact that ACM has been raided for fraud, they also post fake comments on forums such as this one.  ACM EMPLOYEES- GET OFF THIS WEBSITE. ! - We know what your up to . ! SCAM Monday, 09 November 2009 Written by chopper from Switzerland ACM CEO, Lloyd La Marca, was taken down by the board last week, this can be verified on their site. although the news isnt official yet, they took him off already : http://www.ac-markets.com/forex-broker/management-team.aspx my contact in ACM asked me for a job since the entire staff is now at risk of removal, depending on their relationship to La Marca. the rumor has it that the 30 mln capital increase last month was only done to get his stock % down. they are probably doing this to replace people in leading positions who are not capable of sustaining their banking license IF they had a chance at that. A. Axarlis is next in line. Tuesday, 20 October 2009 Written by desk from Belgium Did you saw the new advertise video on you tube? Men it´s hilarious! It´s called Tired of slippage? http://www.youtube.com/watch?v=hoRuKWwFl8g&feature=related Enjoy Tuesday, 28 July 2009 Written by MIKE-FX from none I like to see so many female trading too hehehe I started with fx ACM after hearing about their banking middle east award as best forex online trading broker. I never had problem during news releases, they must be the only broker that doesn’t widen the spread, and probably why they won the award Wednesday, 01 July 2009 Written by Milena from none From what I notice lately, the spread widening has almost disappear from news trading. This is good and hope it last! So nice to see so many female trading FX!! Tuesday, 23 June 2009 Written by micelle28 from USA Their one click deal is a real advantage: I haven’t yet put down my mouse button when I already have the order confirmation. The live account is going as well as the demo did :D Tuesday, 23 June 2009 Written by Abacus from France I notice that this is only SWISS broker to be regulated by Swiss Bank regulators FINMA. www.finma.ch/d/beaufsichtigte/Documents/dufi.pdf No MIG or Dukascopy, this must to mean that they are almost certain to get the bank licence before them. Tuesday, 16 June 2009 Written by **sexy trader** from Australia I have been with acm forex for 3 months and so far so good. Great broker to take into account. great luck!!! worth checking out… Peace + Love V Tuesday, 16 June 2009 Written by Mary Fx-Anne from Netherlands This´s so the best forex broker by far!!!! When I started trading forex they were the only ISO 27001 and ISO 9001 certified, that´s why I went with them and so far so good, they applied for the bank license, if they get it that will make stand out for real Friday, 05 June 2009 Written by Halosmile from none My last broker required $50,000 to open a live account, lots were high at 100,000 they also charged commission. Happily I can say that none of this is true of ACM, I feel more in control in the management of my account with the 10,000 lot sizes, although not with them a full year yet, I am pretty pleased. SCAM Friday, 22 May 2009 Written by BIGS from Switzerland ACM uses fraudulous practices in regards to clients and ratings on forums! http://www.forexpeacearmy.com/forex-forum/forex-articles/4774-brokers-fake-publicity-blitz-fpas-forums.html Tuesday, 12 May 2009 Written by Kelley from New Zealand I personally find them really good. I love their trailing Stops, they really work and money into my account is quick, in general 2 to 3 days. Thursday, 07 May 2009 Written by deborah from USA   -  View all my reviews  - Top 50 Reviewer I have been using this broker for a long time now and I can say that everything they advertise is true. The spreads are great and when you set a stop order you get it. There is no slippage. I would recommend this broker for sure Regards!!! Tuesday, 05 May 2009 Written by Efrain from Germany I am always been very happy with these broker, this award from today show how independent judges also think they are the best. I recommend this broker if you want to do simple or serious FX trading. http://au.sys-con.com/node/948263 GENEVA, May 5 /PRNewswire/ -- In April 2009, ACM (ac-markets.com) was awarded "Best Online Currency Trading Services" by World Finance at the London Stock Exchange The World Finance Awards were created in 2007 to identify industry leaders that represent the benchmark of achievement and best practices in the Financial & Business World. Based on criteria such as innovation, quality of products and market development established by the World Finance panel of independent awards adjudicators, 40'000 industry decision-makers designated ACM as the 2009 winner. ACM considers this prestigious award as an incentive to continue exceeding its clients' expectations. Since its creation, ACM has been growing continuously and now has offices in Geneva, Zurich, New York, Dubai and Montevideo. ACM offers its clients fast, efficient and secure access to four different trading platforms as well as outstanding execution conditions Monday, 04 May 2009 Written by Francis Dunn from none I have been with ACM since 2003 and watched them grow from strength to strength, so much so that they are now the FX specialists bar none. Monday, 27 April 2009 Written by Murray from Austria Glenn Solis introduced me to ACM about 2 years ago, I have remained with them all of this time because I believe that they offer the best trading conditions by far. During this time I have seen them, win awards for various things, this is a broker which is constantly evolving always improving on their trading services and I understand from them that they will be adding the Metatrader platform soon. Tuesday, 21 April 2009 Written by Glenn Solis from Austria As a money manager for the retail community of traders, I find that the ACM platform technology really is a leader in it's field. This platform provides excellent execution, with an almost 100% capture rate. As a MM I am also very impressed by the operational ease of the management platform, and the rebates offered are excellent to. Monday, 20 April 2009 Written by Leandro from none Here you go Robin Hood, see if that puts into light your fake write up/review or whatever you wan to call it. This will make you friend Ilya Paniotov and MexBank, and even you, look like the scamming artists who screwed thousands of their clients. Below is a report going round the forums, it can be found at www.offshorealert.com. I talks about MexBank and its associates (Ilya Paniotov)and the SEC law suit for fraud. SEC SUES INVESTMENT PROMOTER GARY MCDUFF FOR ALLEGED $11 M FRAUD A promoter with a long history of involvement in dubious investment schemes, which often involve offshore entities, has been accused of fraud by the U. S. Securities and Exchange Commission. Gary Lynn McDuff helped perpetrate a scam in which over $11 million was raised from approximately 105 investors, according to a complaint that was filed by the SEC at the U. S. District Court for the Northern District of Texas on March 26, 2008. Defendants are McDuff, 52, described in the complaint as a former resident of Deer Park, Texas who is believed to be currently residing in Mexico…” “… [B]In its complaint, the SEC alleged that McDuff used an entity he controlled called MexBank SA[/B] (Strike ONE!) de CV to improperly divert investors' funds for his personal benefit. Research by OffshoreAlert showed that MexBank SA de CV also operates under the names MBFX, MexGroup, and MXBK Group SA de CV and maintains a web-site at www.mexbank.com and www.mexbanksa.com, where the group claims to be a manager of currencies. [B]There is nothing in its promotional material to suggest that MexBank is a licensed bank, as its name might suggest[/B]. The site does not contain the names of any individuals who are involved with the business (Strike TWO!!) and the only contact number is given as 206-339-5906, which is described as an "e-fax and voice messaging" number…” “…The domain name 'mexbank.com' was created on August 22, 2005 and its ownership is hidden through a privacy service, while 'mexbanksa.com' was created on July 14, 2005 and is owned by Eduardo Raul Trejo…” “…Another site that has been set up to promote MexBank but has a different design can be found at www.forexmb.com, where the only contact information is given as "Fax: +1 201 917-2623" and an email address of This e-mail address is being protected from spam bots, you need JavaScript enabled to view it The domain name 'forexmb.com' was created on November 13, 2006 and is owned by [B]Ilia Paniotov[/B], of Forex Trading Financial Group Corp., (Strike THREE!!!)11 Partridge Lane, Putnam Valley, NY 10579, Tel.: 845-284-2541 SCAM Thursday, 09 April 2009 Written by robin hood from United Kingdom This will explain it all about ACM Activly cunning money (ACM) This is from their largest client!! Sorry used to be their largest client... Thursday April 2, 2009 at 10:AM the Geneva police raided the IT department and head offices of ACM (Advanced Currency Markets) reported to be the largest retail Forex broker in Switzerland. After months of examination, following a criminal complaint filed against ACM last year by MexBank and MexGroup - the parent company of MBFX, based in Mexico City, who was the largest customer of ACM, the efforts of the investigation uncovered one of the most sophisticated online illegal trading platforms ever designed. Tens of millions of dollars have been stolen using this platform and MBFX happened to be the most affected customer in terms of losses. MBFX traders knew for a fact that the platform must have special features that kept customers at a disadvantage, while giving ACM the ability to drain an account practically empty in a matter of seconds even during most stagnant market times. The Geneva Police were guided through the platform to uncover numerous tools discovered by MBFX that allowed ACM to select any account and apply price/spread/margin modifications to it in order to pocket the losses of the unsuspecting client. There were features that ACM designed into their system that gave them total manipulation ability regardless of what the actual market was doing at any given moment in time. One independent expert hired by MBFX reported to the criminal court that ACM had built a trading platform that was designed from the ground up to steal = “theft by design.” Every conceivable tool of manipulation had been programmed into the platform to allow ACM to separate the customer from his money in such a well disguised cloak of excuses, that the customers actually thought they had lost their money by making bad trading decisions. The truth is ACM tricked people out of their money illegally, methodically and shamelessly, while dealers were trained to lie and use their imagination to the maximum when making excuses to complaining clients. ACM, was created by three con men Lloyd La Marca, Nicholas H. Bang and ALEXANDRE AXARLIS in 2002 and, had been bought by Refco that went down in flames in 2005. Since then ACM has perfected the art of stealing and raised the technology bar so high that neither the regulators nor the auditors were able to see the fraud being conducted right in front of them year after year. Who are the three owners and what kind of men are they? According to people close to them they are nothing more than crooks that rode the wave of online trading at the beginning of this millennium and simply got lucky with their plan. From the moment of creation, ACM claimed to be the most competitive and 100% STP broker in retail FX, while in reality STP was only developed by the company 3 years after creation. In the meantime the business boomed and pocketed millions of dollars worth of inflicted margin calls, while the owners spent it to left and right on luxury cars, watches, escorts, exclusive travel, drugs and parties. Lloyd La Marca, ACM CEO and American passport holder, happens to be a European Ferrari Challenge champion in the amateur class (you pay, you drive). Millions of dollars of client’s money was spent to uphold the lavish addiction of Mr. La Marca and his associates, while they continually oppressed litigating clients and employees by various means including mobbing, sweeping lay-offs and even pursuing former employees in court for seeking work with competitor firms. Mr. La Marca’s personal bodyguard attempted to intimidate MEXBANK representatives and MEXBANK’s key witness, while they were in a conference in Beau-Rivage hotel Geneva. We have also been made aware that Mr. La Marca utilised his personal bodyguard to pay visits to clients in order to “courteously” demand withdrawal of their complaints against ACM. The information displayed on the “Management team” page of ACM website happens to be a complete bogus designed to make 3 felons look good to the public eyes. MBFX remains ACM’s biggest creditor to date and has proposed that the court appoint an MBFX emergency crisis management team familiar with the platform to be allowed to immediately step in and take over ACM management. MBFX would then convert every account currently open and trading at ACM to be placed on an automated straight-through-processing status to prevent any more customers from losing money to ACM. MBFX purports to have the means and the knowledge to remove the illegal tools of manipulation and insure that every customer is able to trade against the market and not against ACM so they will receive the benefit of true market pricing at stated bid/ask prices. MBFX has submitted a formal petition to the attorney general of state of Geneva (attached) in order to seek a favourable outcome of the affair and an eventual management delegation. MBFX would like to see the Swiss government make a decision that not only punishes the guilty, buy protects the innocent at the same time. MBFX is confident it can do that faster and more efficiently than any other appointed management team because they already know how the platform functions inside and out. Reconfiguring the trading platform to function within the law and removing all its deadly features is a bit like walking through a mine field. If you do not know where the mines are buried there will be an explosion, says the head trader for MBFX. If ACM is closed or dismantled by the authorities there will be tens of millions of dollars lost by current customers unless they are allowed to continue trading their open positions. The money will be inevitably blocked by authorities till further notice and it will take years to recover the funds, just like it is taking years to solve similar cases such as REFCO or ENRON. There will also be losses of jobs within ACM, as well as in companies that may be working with it at present. Another international finance scandal is about to explode and we are curious to see if the Swiss department of justice will do what is best for the customers and 250 unsuspecting ACM employees, or simply ignore the innocent and concentrate on punishing the three men who dared to conduct business in Geneva that tarnished the Swiss financial sector reputation. Hundreds of jobs and millions of dollars of client equities are at stake. We only hope that the Swiss authorities will choose the rational choice that would minimise losses, as opposed to the choice made by-the-book, without consideration for anyone at all but authorities’ own reputation. Juan Carlos Harris Lead Counsel for MBFX Wednesday, 01 April 2009 Written by Seth from USA Again we hear further proof of ACM being one of the top FX brokers in the world. Following an extensive audit imposed by the Swiss authorities on brokers wishing to remain in Switzerland and offer trading opportunities in the currency exchange market, websites around the world announced that they have proceeded to the last stage, all that apparently is left is for the authorities to inspect the requisition and give a yey or ney. Tuesday, 24 March 2009 Written by Czasar Imre from Hungary A nagyon, nagyon yo broker, nagyon profi! This is a very good broker, I like them very much except I think they should make account opening less hard, I think it is the Swiss way. Friday, 20 March 2009 Written by Charli from Germany Patient client support, the Swiss documentation requiremnt is a little lengthy but they help me through it. Platform is very good but I find it a little somber with all that black. Good choice of currency spreads. Friday, 13 March 2009 Written by Halvar from Sweden Wonderful platform, Trailing Stops are a god send, money received immediately, great customer support. In conclusion "ytterst underbar!" Wednesday, 11 March 2009 Written by Jim McGinty from United Kingdom Why full marks? They have an almost flawless platform, they have just won Banker Middle East awards for Best Broker and Best Platform. Yes the addition of fractional pips is great, it took a little time but I can forgive them because they just told me they have added another 7 Currency pairs. Nae Bad at all Pal! Tuesday, 10 March 2009 Written by Joe Hobbs from USA I agree the addition of fractional pips has kicked them up a notch. Been trading 6 months now and overall I am happy with their platforms and get good support from their live chat. Monday, 23 February 2009 Written by Aussie Auckland from Australia I am an Aussie and I live between Australia and Switzerland, I have had more or less fantastic trading conditions and customer service with this broker, I am glad that this has all improved with their addition of fractional pips, c'mon mate, add guaranteed fills to that and things have really gone from great to fantastic, i look forward to making some serious dosh!! Tuesday, 06 January 2009 Written by Amman from Switzerland Dear fxswiss, Are you for real?! If, as you say, you knew of somebody working at ACM for 3 years AND you knew that they have an "internal software to shift pips", why would you ever open a live account with them???? The mind boggles. All demo platforms function slightly slower than live platforms because more importance is given to the live trade, therefore the reaction time (execution, price feeds etc) will move/change quicker than on a demo platform, these servers are more responsive. This was the case with both my ACM and Saxo platforms. To Raj, I have always received my fills, no exceptions, granted it is with market orders. No, they are very good and traders will surely further benefit when they get their newly required Swiss banking license later this year. Wednesday, 17 December 2008 Written by James Oak from Switzerland Aie, Aie, why must we constantly read disapointing reviews from inexperienced traders? All brokers suffer this, very seledomly will you have a happy person write in the praise of. Well here I am! Sudden pip spread will be experienced especially under heavy market news trading conditions almost all the time. Why? because if they are a reputed Market Makers (meant in a positive way for those who do not know!)such as Saxo then they will do it to protect themselves. An STP broker such as ACM will reflect the spread widdening that is passed on to them by the Liquidity Providers (Banks, an STP broker has no control. The only thing to do is to use their guaranteed fills with market orders, they will fill you, trust me! This broker is well worth investigating if you wish to seriously trade in the FX market. SCAM Tuesday, 09 September 2008 Written by fxswiss from none Acm is the worst broker in the world, thy only do marketing to scam the retail customers I know an switzerland staff working for acm since their opening of compagny from 2002 to 2005 , they have an internal software to shift the pips against you when your positin is winner. I lost my account bcs when I call you them they shift pips usd/chf of 25 pips compare to their demo accounts Also they never say it's their mistake when you call them Sorry for my english it's not may native language conclusion; it's a scandal that we can compare to Refco Thursday, 22 November 2007 Written by raj from India I am upset because they have promised me guarantee fills but very often i have gotten slipped AGAINST ME!!! I don't mind if occassionaly they slip me in my favour but why against me. I have read about them that say they don't let you withdraw money all of this is NOT TRUE. They let me withdraw no problem but honestly there are better brokers out there.