ACM Forex is one of the biggest Forex brokers in Switzerland and it has a lot to offer traders. They are one of the more well-known brokers out there and they are really a quality company to work with. Here are the basics of what you can expect from this particular broker.
Overall Rating: 9/10
Safety of Funds: 10/10
Customer Service: 9/10
Minimum Account Size: $2000
ACM Forex is a broker that is for those who are serious about Forex trading. This probably isn't the place to start out if you are just learning about what the Forex market is. The only exception to that is if you are at the stage in your trading career where you want to work on a demo account. They do offer a Forex demo that you can use.
For their smallest account, the mini account, you have to have between $2000 and $5000 to open an account. Even though, it would usually be a good idea to have at least this much money regardless of where you open an account with, some prefer to get started with only a few hundred dollars.
Besides the mini account, they have four other levels of accounts. They have institutional accounts that require at least $250,000 to open an account. I'm going to guess, if you have that much to trade, you know your way around the Forex market and you won't be reading this review anyway.
They also have several trading platforms that you can use. They offer the popular Metatrader 4 platform that almost every Forex trader is somewhat familiar with. They also have a custom platform that you can download and trade, trade from the web, or trade on your smart phone.
One of the nice things about this broker is that it has very low spreads. When it comes to some Forex trading strategies, you really need a low Forex spread to be profitable. With this particular broker, you can get less than 1 pip spread on many of the major pairs in the Forex market.
Another nice feature about working with this broker is that they are located in Switzerland. Forex brokers in Switzerland are known for their safety and strict financial regulations.
If you read about traders experiences with this broker, you will inevitably find some mixed reviews out there. Really, this is what you can expect from any big broker. You'll get a lot of inexperienced traders out there that don't understand how the market works and they will blame losing thousands of dollars on the broker. That's like blaming McDonald's for making you fat. In reality, they're just fine if you know what you're doing. They have good spreads, solid execution and your money is safe with them.