Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

nishant

Need Reviews on ACM, please!

Recommended Posts

I need reviews on Advanced Currency Markets. I've a query and really wanted someone and especially all who are actually trading with them, rather than relying on the comments from executives of ACM itself with whom i had a talk last week.

 

Currently i'm having account with GCI Financials. But for me, they are a crook! There is so much of slippage when trading with GCI, which on asking them before getting an account opened they denied! So i will be getting account closed with them.

 

I wish to know if there is slippage with AC-Markets though they mention that they do guarantee fills! This is where i need help from anyone who's broker is ACM. If i trade any major economic announcement and put stop buy/sell orders then do they really fill such orders at my designated prices? Or slippage is there? Secondly do they increase the spreads during those times? If yes, then what is their usual increased spread?

Share this post


Link to post
Share on other sites

I havent heard good things about them. I hear alot of complaints on bad fills and slippage. However, they do receive a good reputation for their trading platform. I dont trade Forex so Im only posting what I heard.

 

Hopefully a Forex trader in this forum will help you out.

Share this post


Link to post
Share on other sites
I started of with them. I love their software but kept getting bad fills I had to ditch them. Im thinking of switching to Infinity. Heard alot of good things about them.

 

I didnt know Infinity offered Forex. Im planning to clear through them as well. If you need a contact info, I can hook you up with a Infinity broker who is helping me out. Let me know.

Share this post


Link to post
Share on other sites
I need reviews on Advanced Currency Markets. I've a query and really wanted someone and especially all who are actually trading with them, rather than relying on the comments from executives of ACM itself with whom i had a talk last week.

 

Currently i'm having account with GCI Financials. But for me, they are a crook! There is so much of slippage when trading with GCI, which on asking them before getting an account opened they denied! So i will be getting account closed with them.

 

I wish to know if there is slippage with AC-Markets though they mention that they do guarantee fills! This is where i need help from anyone who's broker is ACM. If i trade any major economic announcement and put stop buy/sell orders then do they really fill such orders at my designated prices? Or slippage is there? Secondly do they increase the spreads during those times? If yes, then what is their usual increased spread?

 

A humble suggestion

 

Why don't you look at currency futures? I traded Forex via market makers and I honestly say that one time too many I had problems of re-quoting, stop hunting, etc.

 

Currency futures broker comissions are lower ($30.00 spread average for EUR/USD if you're trading full lots) versus 4-6 dollars round trip with futures brokers. I believe currency futures quote the pip(contract)@ $12.50.

 

Just remember, most of Forex brokers outhere, are market-makers. They make the market for you. In other words, you don't have a way to verify if you're price is on real time or the real thing.

 

I remember once I plotted 3 charts of different brokers to time price action between them. I found levels between 3-5 pips away from each other. I even tried ECN's type brokers and I had problems with them.

 

Another thing you should consider: Forex brokers are getting filled with all kind of new-traders coming into the market, lured by all the advertising outhere, promising "quick riches" and "this is a 1.5 trillion dollar market a day that never sleeps" things like that. Besides the market itself is not regulated under SEC act of 1933/1936 and 1940. Brokers can say and, promise you whatever they want. Demand is pretty high for this product. So you now what happens when demand rises.

 

Don't get me wrong, I believe forex is a wonderful market as I did very well. Not to sound contradictory, I pulled of due the facts I mentioned above(and waking up @2:00AM EST to trade the London Market).

 

There's some facts about forex, news, slippage and volume that by popular concept is completely wrong and misleading, but I prefer to cut my post in here as I feel it's a little too long.

 

Regards

 

Raul

Share this post


Link to post
Share on other sites

Hello and Thank you everyone. Now, i'm interested in knowing about Infinity. Will you please tell me the name of their website.

 

Thanks for suggestion @Raul. Will think about pushing myself to currency futures.

 

Regards

Share this post


Link to post
Share on other sites

Hello everyone,

 

I actually had a bit of confusion. I really do weigh all the suggestions and reviews that you all have poured in here regarding establishing links with ACM. But on analyzing futher i realised that "Ernst & Young" happens to be ACM's auditors? I have gone through quite a lot forex broking sites but never came with such piece of infromation from any of them as regards auditors. So doesn't is reflect any kind of genuineness in dealings when it comes to ACM or as a matter of fact any other forex broker just because the auditors are the most reputed ones? Or it doesn't matter whoever the auditor is.

 

@soultrader, i had a bit of detailed talk with Infinity's official. And overall they looked promising to me. Thank you again.

 

Regards,

 

Nishant

Share this post


Link to post
Share on other sites
@soultrader, i had a bit of detailed talk with Infinity's official. And overall they looked promising to me. Thank you again.

 

Make sure you test drive their execution platform. It is unbelievable fast and you may need some time to get familiar with it. Also, if you need a direct contact info to one of the brokers at Infinity, please let me know. I have a contact info for a broker there who was helping me out in the past and if you are interested he will lower your margin rates.

Share this post


Link to post
Share on other sites

Hello Soultrader,

 

Please do provide me with the official you had mentioned and who had been helping you out.

I dont know if he happens to be the same person or not but Justin Lawrence is the fellow who had helped me initially when i had a talk.

Secondly James, you mentioned about the lowering of margin rates. Please make me understand what you mean by margin rates. Are you interchangeably calling leverage as margin rates? Or is it something else?

Please help by providing the details either here or at my email address.

 

Regards

 

Nishant

Share this post


Link to post
Share on other sites

From what I recall the margin to trade 1 contract was $1000. I'll send you a contact email from a broker at Infinity and he may be able to lower this to $500 a contract. Remember this is intraday rates. To hold contracts overnight may require slightly more.

 

Check your pm.

Share this post


Link to post
Share on other sites
Guest nojob

I have demo traded with ACM. The reviews online are terrible. I did experience some problems with requotes and slippage. So I decided against trading live with them. I am currently trading with FXCM. I have been trading with FXCM since 2005. I have followed

their improvements and currently they really does impress me. You can get in touch with them and compare what they have to offer with what Infinity has to offer. I have not traded with Infinity, so I cannot say anything regarding them.

 

I demo trade with north finance, because their demo account does not expire like most brokers. So you can test a strategy on a demo for months to actually extablish a winning strategy. I have taken an account from $50,000 to $175,000 within 2 months.

 

What I discovered is that if you have a trading system and you stick to the rules, no matter what, slippage will hardly affect your trading output. For the past 6 months, I believe slippage has affected my position just once. I am pretty happy with FXCM.

 

Demo trade with Infinity, demo trade with FXCM and compare both. From my experience with FXCM, you will be happy with your trading carrier.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 4th April 2025.   USDJPY Falls to 25-Week Low as Safe Havens Surge and Markets Eye NFP Data.   Safe haven currencies and the traditional alternative to the US Dollar continue to increase in value while the Dollar declines. Investors traditionally opt to invest in the Japanese Yen and Swiss Franc at times of uncertainty and when they wish to avoid the Dollar. The Japanese Yen continues to be the best-performing currency of the week and of the day. Will this continue to be the case after today’s US employment figures?   USDJPY - NFP Data And Trade Negotiations The USDJPY is currently trading at a 25-week low and is witnessing one of its strongest declines this week. The exchange rate is no longer obtaining indications from the RSI that the price is oversold. The current bullish swing is obtaining indications of divergence as the price fails to form a higher high. Therefore, short-term momentum is in favour of the US Dollar, but there are still signs the Japanese Yen can regain momentum quickly.       USDJPY 1-Hour Chart     The price movement of the exchange rate in both the short and long term will depend on 3 factors. Today’s US employment data, next week’s inflation rate and most importantly the progress of negotiations between the US and trade partners. If today’s Unemployment Rate increases above 4.1%, the reading will be the highest seen so far in 2025. Currently, the market expects the Unemployment Rate to remain at 4.1% and the Non-Farm Payroll Change to add 137,000 jobs. The average NFP reading this year so far has been 194,000.   If data does not meet expectations, US investors may continue to increase exposure away from the Dollar and to other safe-haven assets. Previously investors were expecting only 2 rate cuts this year from the Federal Reserve, however, most investors now expect up to 4. If today’s employment data deteriorates, economists advise the Federal Reserve may opt to cut interest rates sooner.   Therefore, it is important to note that today’s NFP will influence the USDJPY to a large extent. Whereas in the longer-term, trade negotiations will steal the spotlight. If trade partners are able to negotiate the US Dollar can correct back upwards. Whereas, if other countries retaliate and do not negotiate the US Dollar will remain weak.   USDJPY - The Yen and the Bank of Japan The Japanese Yen is the best-performing currency in 2025 increasing by 6.70% so far. Risk indicators such as the VIX and High-Low Indexes continue to worsen which is positive for the JPY as a safe haven currency.   Yesterday Japan released March business activity data that came in weaker than expected: the Services PMI dropped from 53.7 to 50.0, while the Composite PMI fell from 52.0 to 48.9. The data is the lowest in two years. These figures could hinder further interest rate hikes by the Bank of Japan. However, most economists still expect the Bank Of Japan to hike at least once more. It's also important to note, that even if the BOJ opts for a prolonged pause, a cut is not likely.   Additionally, a 24% tariff was imposed on Japanese exports to the US yesterday. Prime Minister Mr Ishiba expressed disappointment over Japan's failure to secure a tariff exemption and pledged support measures to help domestic industries manage the impact.   Key Takeaway Points: US Dollar Weakens, Safe Havens Rise: The Japanese Yen and Swiss Franc continue to gain as investors shift away from the US Dollar. USDJPY Under Pressure: USDJPY trades at a 25-week low, with short-term momentum favouring the Dollar but long-term trends pointing to potential Yen strength. NFP and Unemployment Crucial: Today’s Non-Farm Payrolls and unemployment figures will heavily influence short-term USDJPY. On the other hand, trade negotiations will dictate longer-term trends. Japan Faces Mixed Signals: Despite weak PMI data and new US tariffs, the Japanese Yen remains strong. Economists expect at least one more rate hike from the Bank of Japan, but no cuts are in sight. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • YUM Yum Brands stock, nice breakout with volume +34.5%, from Stocks to Watch at https://stockconsultant.com/?YUM
    • Date: 3rd April 2025.   Gold Prices Pull Back After Record High as Traders Eye Trump’s Tariffs.   Key Takeaways:   Gold prices retreated after hitting a record high of $3,167.57 per ounce due to profit-taking. President Trump announced a 10% baseline tariff on all US imports, escalating trade tensions. Gold remains exempt from reciprocal tariffs, reinforcing its safe-haven appeal. Investors await US non-farm payroll data for further market direction. Fed rate cut bets and weaker US Treasury yields underpin gold’s bullish outlook. Gold Prices Retreat from Record Highs Amid Profit-Taking Gold prices saw a pullback on Thursday as traders opted to take profits following a historic surge. Spot gold declined 0.4% to $3,122.10 per ounce as of 0710 GMT, retreating from its fresh all-time high of $3,167.57. Meanwhile, US gold futures slipped 0.7% to $3,145.00 per ounce, reflecting broader market uncertainty over economic and geopolitical developments.   The recent rally was largely fueled by concerns over escalating trade tensions after President Donald Trump unveiled sweeping new import tariffs. The 10% baseline tariff on all goods entering the US further deepened the global trade conflict, intensifying investor demand for safe-haven assets like gold. However, as traders locked in gains from the surge, prices saw a modest retracement.   Trump’s Tariffs and Their Market Implications On Wednesday, Trump introduced a sweeping tariff policy imposing a 10% baseline duty on all imports, with significantly higher tariffs on select nations. While this move was aimed at bolstering domestic manufacturing, it sent shockwaves across global markets, fueling inflation concerns and heightening trade war fears.   Gold’s Role Amid Trade War Escalations Despite the widespread tariff measures, the White House clarified that reciprocal tariffs do not apply to gold, energy, and ‘certain minerals that are not available in the US’. This exemption suggests that central banks and institutional investors may continue favouring gold as a hedge against economic instability. One of the key factors supporting gold is the slowdown that these tariffs could cause in the US economy, which raises the likelihood of future Federal Reserve rate cuts. Gold is currently in a pure momentum trade. Market participants are on the sidelines and until we see a significant shakeout, this momentum could persist.   Impact on the US Dollar and Bond Yields Gold prices typically move inversely to the US dollar, and the latest developments have pushed the dollar to its weakest level since October 2024. Market participants are increasingly pricing in the possibility of a Fed rate cut, as the tariffs could weigh on economic growth.   Additionally, US Treasury yields have plummeted, reflecting growing recession fears. Lower bond yields reduce the opportunity cost of holding non-yielding assets like gold, making it a more attractive investment.         Technical Analysis: Key Levels to Watch Gold’s recent rally has pushed it into overbought territory, with the Relative Strength Index (RSI) above 70. This indicates a potential short-term pullback before the uptrend resumes. The immediate support level lies at $3,115, aligning with the Asian session low. A further decline could bring gold towards the $3,100 psychological level, which has previously acted as a strong support zone. Below this, the $3,076–$3,057 region represents a critical weekly support range where buyers may re-enter the market. In the event of a more significant correction, $3,000 stands as a major psychological floor.   On the upside, gold faces immediate resistance at $3,149. A break above this level could signal renewed bullish momentum, potentially leading to a retest of the record high at $3,167. If bullish momentum persists, the next target is the $3,200 psychological barrier, which could pave the way for further gains. Despite the recent pullback, the broader trend remains bullish, with dips likely to be viewed as buying opportunities.   Looking Ahead: Non-Farm Payrolls and Fed Policy Traders are closely monitoring Friday’s US non-farm payrolls (NFP) report, which could provide critical insights into the Federal Reserve’s next policy moves. A weaker-than-expected jobs report may strengthen expectations for an interest rate cut, further boosting gold prices.   Other key economic data releases, such as jobless claims and the ISM Services PMI, may also impact market sentiment in the short term. However, with rising geopolitical uncertainties, trade tensions, and a weakening US dollar, gold’s safe-haven appeal remains strong.   Conclusion: While short-term profit-taking may trigger minor corrections, gold’s long-term outlook remains bullish. As global trade tensions mount and the Federal Reserve leans toward a more accommodative stance, gold could see further gains in the months ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.