ACM

ACM (“ACM”, “ACM”) or Advanced Currency Markets is a Swiss forex dealer. It started in 2002. Until 2010, he successfully cleaned the pockets of traders around the world. Then he remained without a license and became part of the “kitchen”.

At the time of writing this review, the Advanced Currency Markets website was not working. You won’t be able to trade there. But SwissQuote, which bought our hero, is still afloat. Even despite the fact that he has trading conditions typical for “kitchens”.

The ACM scammer is registered in Switzerland. He fingered the FINMA license. Attention: until 2008, this regulator did not monitor how Forex brokers work.

Before us is Sharashka’s office, which for most of its existence worked without the supervision of government agencies. Then she came under investigation.

The swindler’s office was visited by police representatives. They started a criminal case. It all ended with the license being revoked. That is, since 2010, the so-called broker has not had regulatory documents.

The range of ACM tools is meager. He was on the Dodger website. Even in 2011, the pool featured only currency pairs.

As for the specifications, spreads started at 2.8 points. With a minimum deposit it was a rip off. Sharashka did not warn that spreads would not rise, although they were creeping up very strongly. As a result, any profitable positions went into the red.

There were 6 accounts for trading. They differed only in deposit requirements and spread sizes. It is obvious that Advanced Currency Markets was trying to squeeze the maximum cabbage out of each patient by adjusting the size of the spreads.

ACM Reviews

Reviews of ACM are provided by the site forexpeacearmy.com. The author of one of them says: in 2008, in one night of trading with a scam broker, he made $2,200. When he woke up in the morning, $1,000 was missing from his account.

The man started knocking on the door of technical support. During the dialogue, he couldn’t shake the feeling that the manager was making up excuses on the fly. But even this didn’t make me change my mind about getting into poses.

Over time, the author of the review began to notice: the prices in the terminal are very different from those given by other brokers. The difference reached 30 points. The reason was that “ACM” is a scammer. He didn’t like it when patients took profit. The bit was deliberately leaked by manipulating quotes.

Forex-ratings.ru also has a lot of complaints about the platform. One person told the details of the criminal case that was filed against the swindler Advanced Currency Markets.

The plaintiff worked as a trader for a long time. When I contacted the hero of our review, I began to notice: quotes and liquidity are very different from what they are in other markets. It became clear: the trickster deliberately interfered in the trade so that people would take a minus.

The person filed a lawsuit. The Geneva police, together with Brazilian law enforcement agencies, have taken on the ACM swindler. It all ended with the scam being left without a license. Although he aspired to become a bank.

A person who has been receiving calls and messages from the scammers behind ACM for a long time spoke out on ratingfx.com. They encouraged me to open a trading account. After checking the sharashka’s license, everything fell into place. It turned out that she uses the dirtiest tricks to lure and siphon off the beans.

Reviews are full of complaints: “ATsM” is a brazen scammer. Stuntman:

• pokes the entrance ticket;
• palms off a useless terminal where it is impossible to trade normally.

All the money is lost. Each withdrawal attempt ends in fat losses. Because there is absolutely nothing to deduce.

Don’t let the ACM scammer get away with the money he took from you. Report the Rating Forex scam to make withdrawals accurately and free of charge. We even take on situations that others consider hopeless. Your capital will be returned – we guarantee it.

Terms of cooperation. How to make money with ACM?

The ACM scam suggested investing exclusively in currency pairs. He gave a complete list of financial assets. Even for that time the pool was quite modest.

Other “kitchens” offered CFDs on exchange-traded financial assets: stocks, indices, bonds. The hero of our review pretended that he only had currencies. He whistled: this is supposedly why he works legally.

The ACM scammer offered 6 types of accounts:

• Mini.
• Standard.
• Premium.
• Professional.
• Institutional.
• Institutional+.

Deposit requirements – $2000, $5000, $50000, $100000, $250000 Institutional+ information was provided upon request.

Accounts differ in spread size. Only inInstitutional+ The EUR-USD currency pair has an adequate average spread. It is from 0.9 points. It is important to understand: there is nothing to be happy about. Every normal broker offers such trading conditions to everyone.

Shoulder depends on intraday turnover. If it is below $30,000,000, you can take positions with leverage up to 1:100. Typical kitchen level.

Not a single reliable broker will bring positions with such fat leverage to the interbank market. Rating Forex reminds: it is too risky for him. Only the “kitchens”, scammers are happy to push in the widest possible leverage. He speeds up the drainage of the depot.

The scammer forgets about swaps, margin calls, stop outs, commissions and other specs that are important for a trader. They could only be recognized:

• accidentally;
• exclusively after opening an account for trading.

That is, when it will be too late to make legs. The sharashka will have either contacts or money at his disposal. She will do everything to undress as much as possible.

Registration and regulation

The fraudulent broker Advanced Currency Markets was registered in Switzerland. Address: 50 rue du Rhône, 1204 Geneva, Switzerland. Its regulator was FINMA.

At first glance, the trader saw a regulated broker from a fairly strict jurisdiction. The picture was spoiled by nuances that were of great importance.

Let us remember: until 2008, FINMA did not regulate retail Forex at all. The same applied to the financial regulator’s colleagues from other countries. Sharashkin’s offices without a license could create with trading deposits and poses, whatever you want. That’s what they did.

After a series of scandals, accusations of fraud and numerous investigations, regulators began to pay attention to retail Forex. The hero of our review:

• Left without a license in 2010.
• Became the property of the SwissQuote “kitchen”. This is the same money collector who used dirty methods of making money and continues to do so.

There are plenty of sharashkas like “ATsM”. They moved to offshores from strict jurisdictions and continue to scam from there.

Rating Forex advice: stay as far away as possible from fishermen who are actively using too wide a shoulder. Run away if the intermediary has a license from a small financial regulator and incredibly favorable trading conditions. This is a deception and a scam.

Like a divorceandt for money Advanced Currency Markets

Sharashka ACM worked according to the traditions of all the “cuisines” of its time. The search for patients was done through her efforts. The ideal candidate was a poor guy who doesn’t understand trading at all. Cold calls and intrusive advertising on the Internet and on the streets helped lure people.

Despite the aggressive search for patients, ACM pretended to be a real broker for professional traders. Because the minimum deposit started at $2000. Oddly enough, this arrangement worked.

Many were led to a high threshold for entering trading. We thought that ACM was a reliable broker. In fact, an honest broker has no deposit requirements at all. At a minimum, to open a basic account.

Most of the patients of Advanced Currency Markets merged themselves. To lose your capital, it was enough:

• always slow trading terminal;
• broad shoulder;
• inadequate slippage.

Yes, there were those who made money. True, very little. People upvoted. Some are large. The scammer fought against such people. And very active.

For example, “ACM” spun quotes so that positions would be closed at a loss. I also canceled the profit. The bit was babbling: the liquidity provider gave erroneous data. The profit received turned out to be fake. It needs to be canceled. Naturally, each mistake occurred only when making a profit. If a client lost money, no one returned anything to him.