Thursday, June 12, 2008

ACM FOREX SCAM CASE

This company in terms of what they advertise is a SCAM to the power of 3! Let me explain: here is what you can CLEARLY READ on the section "account types" on their site;

"Guaranteed fills: What you click is what you get (WYCIWYG) in ALL market conditions. Applies to ALL order types!"

Please not that the word "ALL" is stressed.

Moreover...

"ACM takes the onerous concept of re-quoting out of the equation. Our system is only ESP (executable streaming price) capable which means that customers click only once to trade"

Well, guess what, 100% wrong. I simply could not imagine that this company could DELIBERATELY lie to its clients.

For brokers that don't raise the spread during news I would certainly accept a requote or a no fill, that is no problem, but...

ACM raises its spread for small reports as US pending home sales up to 40 pips on GU but then the worst part is that even such poor condition they donĂ¢€™t fill you! You will get the message "technical issue please call dealing desk" once you call they are rude and don't give a sh*t about your complaint.

Why are they misleading all their potential clients I don't understand? New clients will all figure what I am writing here. (yes do open an account and try to enter in volatile market conditions, you will understand what I am talking about)

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