Founded in 2002, AC Markets is a Swiss forex broker with global offices in Geneva, Dubai, Uruguay and New York. With thirty-nine currency pairs, a wide range of languages, and a choice between four different platforms depending on how you prefer to trade, AC Markets is among the most user-friendly online forex brokers. In addition, AC Markets offers an industry-leading service known as WYCIWYG (what you click is what you get), which allows users to lock in a trading price simply by clicking on it. Even if the market slips in the time spent putting the purchase through, the user is able to keep the chosen price.
Minimum Deposit and Types of Account: The minimum deposit at AC Markets is $2000 for a mini account. Mini accounts have a wider spread, so it might be best to go with a standard account at $5000 or even better, an institutional account with a $50,000 minimum deposit. The leverage for all types of account is 100:1.
Spreads: With the mini account, spreads are typically about 4 pips, with the standard account they’re around 2-3 pips, and with the institutional account they’re as low as 1 pip.
Trading Platforms: There are four distinct trading platforms: the “Advanced Trader” which is a program you download to your computer, the “Advanced Web Trader” which can be accessed from the web at any time without a download, the “Advanced Flash Trailer” which uses Flash to put forex trades through, and the Advanced Mobile Trader, which allows you to use your wap-enabled mobile phone to place trades and access your account. AC Markets also offers the use of MetaTrader 4, one of the most popular forex trading programs, through their accounts.
Deposit Methods: You can deposit to and from AC Markets accounts using Paypal, Visa, Mastercard or a bank account in the currencies of USD, EUR, GBP, JPY, AUD and CHF.
Regulations: The Swiss regulations controlling AC Markets are quite strict, so it may take a long time to register. You are required to give AC Markets your personal, employment and financial information, as well as your passport information and proof of residence. ACM is regulated by FINMA and audited by Ernst & Young, KPMG, SGS and is affiliated with the Geneva Chamber of Commerce and ACI International.
Interested forex traders can apply for a free 30-day account with imaginary money so they can get the hang of the trading platform and see if it’s for them. All in all, AC Markets is a reliable, strong online forex broker aimed at amateurs, intermediates and professionals alike who want to trade forex on their own terms.
