In this article we will discuss acm trader reviews. According to research conducted in South Africa, Astute Capital Market Brokers, often known as ACM FX, is an investment company with its main office in Ibadan, Nigeria, that provides its goods and services via the internet to both individual and business clients from all across Africa.
ACM FX provides trading on the MT4 platform for currencies (FX), Contract for Differences (CFDs), OTC Futures, foreign stocks, ETFs, bonds, options, metals, and more.
Awards and Recognition
The reputation of a forex broker company can be greatly enhanced by receiving accolades from prestigious organisations or publications. Although ACM FX receives favourable ratings in certain customer evaluations, there is no mention of any accolades on the ACM FX webpage.
ACM Trader Accounts
A trading account with a company like ACM FX that is issued primarily for trading through its platforms is known as a forex account. The number and type of accounts that a trader can open with a broker company like ACM FX typically varies depending on the nation in which the brokerage conducts business, the trader’s country of residency, and the regulatory bodies under whose authority the brokerage is incorporated.
Deposits and Withdrawals
The following minimum deposits are needed to create an account with ACM FX:
A minimum deposit of NGN 5,000 must be made for the ACM Micro account, NGN 50,000 must be made for the ACM ECN account, and NGN 180 000 must be made for the VIP ECN account before trading can begin. Accounts can be funded or withdrawn using payment methods such bank cash deposits, online money transfers, and all major credit cards.
Safety and Regulation
A potential trader must determine whether a broker like ACM FX is secure to use before opting to sign up and begin trading. Establishing a baseline for a brokerage’s safety is one of the most reliable ways to do so. Identifying the regulatory bodies that keep an eye on a brokerage’s operations is one of the best ways to gauge its level of safety.
Oohrhii Global Services Ltd. is a Limited Liability Company by Shares registered in Nigeria under the Companies and Allied Matters Act 1990. As such, the company is authorised to provide financial advisory, commercial investor, investment, and consultancy services under the trading name Astute Capital Market Brokers (abbreviated ACM FX). No other credible organisation regulates the business.
Customer Support
Prospective traders must feel confident that the broker firm they selected can provide the essential assistance and support anytime they may need it. Email and phone calls to their UK or international lines can be made to the ACM FX support staff. These phone numbers are all listed on the company website. The support staff is on call around-the-clock, every day of the week.
There is also a live chat option.
The website is simple to use and accessible in 85 different languages. It also has some useful images that help to explain different trading concepts.
Pros
- Demo Account
- Trading Account Options
- A range of currencies for trading
Cons
- Not subject to reliable authorities’ regulation
Disclaimer
Potential clients are cautioned by ACM FX that trading in forex and CFDs always includes a high level of risk and may not be appropriate for all investors. Potential traders are recommended to carefully evaluate their investment objectives, financial condition, needs, and degree of experience before selecting whether or not to trade with ACM FX. They should also avoid investing money that they cannot afford to lose.
According to South African research, ACM FX cautions that trading on margin entails both the possibility of profit and the risk of loss. Additionally, because price changes for commodities and foreign exchange are so unpredictable, ACM FX is unable to guarantee the absolute maximum loss a trader will sustain.
Conclusion
ACM FX provides new traders with a demo account, which is usually advantageous. The need of using a demo account for some time before opening an actual trading account is stressed. The organisation offers a reasonable selection of trading accounts and a wide range of trading currencies, but regrettably it is not authorised by trustworthy agencies. ACM FX also provides a good selection of learning resources and the well-liked MT4 trading platform, which can be utilised on desktop, web, and mobile devices. The website is well-presented and simple to use.
