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ACM Brokers foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://mycabinet.acmbrokers.com/register/, about the company's legal and temporary regulatory information, the company's address .

ACM Brokers Forex Broker

Basic Information

Registered Region

Nigeria

Operating Period

Company Name

OOHRHII GLOBAL SERVICES LTD

Abbreviation

ACM Brokers

Company employee

Customer Service Email Address

support@acmbrokers.com

Contact Number

+8522347051013333

Company Website

https://acmbrokers.com/

Facebook

https://www.facebook.com/ACM-Brokers

https://twitter.com/acmbrokers

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: ACM Brokers official site - https://acmbrokers.com/ is currently on sale and not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. ACM Brokers Review Summary Region/Country Nigeria Founded Not mentioned Regulation Unregulated Market Instruments Currencies, indices, CFDs, commodities, cryptocurrencies Demo Account Available Spread Floating Leverage Up to 1:1000 Trading Platform MT4 Minimum Deposit NGN 5k Customer Support Email, phone, Twitter, Facebook What is ACM Brokers？ ACM Brokers, owned by OOHRHII GLOBAL SERVICES LTD, is a Nigerian broker who offers online trading services to global clients including currencies, indices, CFDs, commodities and cryptocurrencies . However, concerns arise due to the absence of regulatory oversight and an inaccessible website, casting doubts on its operation and reliability. In the following article, we will analyse the characteristics of this company in all its dimensions, providing you with easy and well-organised information. If you are interested, read on. Pros & Cons Pros Cons Wide range of account types Lack of regulation Low minimum deposit requirements Limited customer support channels Availability of demo account Restricted access for clients from the EU Support for various payment methods Stable and reliable MT4 trading platform Pros: Five live account options cater to a wide range of trading preferences, ensuring flexibility for traders. Low initial deposit requirements from NGN 5k make trading accessible to beginners, encouraging participation in the financial markets. Provision of demo accounts allows traders to practice and develop their skills in a risk-free environment. Multiple payment methods, including wire transfer and cards, offer convenience and accessibility for funding accounts. MetaTrader 4 platform provides a stable and reliable trading experience, equipped with essential tools and features for effective trading strategies. Cons: Lack of Regulatory Oversight of the broker raises concerns about transparency and accountability in its operations. Limited customer support channels, such as email and phone, can lead to delayed responses and support for traders seeking assistance. Exclusion of clients from the EU restricts market accessibility for traders residing in European countries, limiting market opportunities and trading options. Is ACM Brokers Legit？ When considering the safety of a brokerage like ACM Brokers or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: The current operation of this broker without legitimate regulatory oversight only serves to fuel concerns about its legitimacy and trustworthiness. These worries are compounded by the broker's inaccessible website. User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the broker's operations. Security measures: So far we cannot find any security measures through the Internet about ACM Brokers. In the end, choosing whether or not to engage in trading with ACM Brokers is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities. Market Instruments ACM Brokers offers a comprehensive range of market instruments to cater to diverse trading preferences and strategies. Clients can access a variety of currency pairs, including major, minor, and exotic currencies, allowing for flexible forex trading opportunities. Additionally, the availability of indices, CFDs, and commodities enables traders to diversify their portfolios and capitalize on global market movements. Moreover, the inclusion of cryptocurrencies further enhances trading options, providing exposure to the rapidly evolving digital asset class. Account Types ACM Brokers provides traders with a range of account types tailored to different trading needs and preferences. These include the Micro account with a minimum deposit of NGN 5,000, the Mini account with a minimum deposit of NGN 50,000, the Basic account with a minimum deposit of NGN 100,000, the Premium account with a minimum deposit of NGN 500,000, and the Platinum account with a minimum deposit of NGN 5,000,000. These varying account types cater to traders of all experience levels, from beginners to seasoned professionals, with the Micro account offering a particularly low entry barrier. Furthermore, a demo account is also available for trading strategy practicing without risking real capitals. Account Type Minimum Deposit Micro NGN 5,000 Mini NGN 50,000 Basic NGN 100,000 Premium NGN 500,000 Platinum NGN 5,000,000 Leverage Regarding leverage, the broker offers competitive leverage levels across its account types. Traders can access leverage of up to 1:1000 on the Micro account, 1:500 on the Mini account, 1:300 on the Basic account, 1:200 on the Premium account, and 1:100 on the Platinum account. This provides traders with the flexibility to adjust their leverage based on their risk tolerance and trading strategy. Account Type Leverage Micro 1:1000 Mini 1:500 Basic 1:300 Premium 1:200 Platinum 1:100 Spreads & Commissions In terms of spreads and commissions, the broker offers both fixed and floating spreads depending on the account type. The Micro, Mini, Basic, and Premium accounts feature fixed spreads, providing traders with certainty over their trading costs. On the other hand, the Premium and Platinum accounts offer floating spreads, which vary depending on market conditions. While for commission, we have not found any info regarding this part. If you intend to trade with the broker, you should contact them for direct clarification to ensure you understand all the costs and fee structures of your trades. Trading Platofrm ACM Brokers primarily offers MetaTrader 4 (MT4), a renowned platform in the online trading world. Launched in 2005 by MetaQuotes, MT4 is globally licensed for traders and brokers. It stands out for its robust server stability, capable of handling numerous trades concurrently, and its efficiency in utilizing minimal device resources. Traders value its user-friendly interface and comprehensive features, making it a preferred choice for many in the financial markets. Deposit & Withdrawal ACM Brokers facilitates deposits and withdrawals through various channels, including wire transfer, credit card, debit card, and popular online transfer services like PayPal and Skrill. However, it's important to note that the broker exclusively deals in Nigerian currency, which can pose challenges for traders unfamiliar with its conversion rates. Customer Service ACM Brokers offers customer support via email and phone, providing direct avenues for assistance. Additionally, the broker maintains active social media profiles on Twitter and Facebook, allowing clients to engage and seek support through these platforms. Tel: +234 705-101-3333. Email: support@acmbrokers.com. Conclusion In conclusion, while ACM Brokers offers online trading services in currencies, indices, CFDs, commodities and cryptocurrencies to its global clientele, concerns arise due to the absence of regulatory supervision and ongoing website accessibility issues. This casts doubt on the broker's reliability, and it's unclear whether the broker's business is in a cease situation or not. Given these uncertainties, ACM Brokers is strongly unrecommended. We advise you exploring alternatives that prioritize transparency, regulatory compliance, and consistent customer service to ensure a trustworthy trading experience. Frequently Asked Questions Is ACM Brokers regulated？ No. The broker is currently under no valid regulation. Is ACM Brokers a good broker for beginners？ No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website. Does ACM Brokers offer the industry leading MT4 & MT5？ Yes, it offers MT4 platform. Does ACM Brokers offer a demo account？ Yes. Whats the minimum deposit does ACM Brokers request？ Luxtious requires a minimum deposit of NGN 5000. Are there any restricted areas for ACM Brokers？ Yes, the broker is not allowed to deal with clients throughout the EU. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

ACM Brokers broker review

Is ACM Brokers safe or scam

Rating Index

VIP ECN

Minimum Deposit

NGN 180000

ACM ECN

Minimum Deposit

NGN 50000

ACM Brokers Forex Broker - Complete Information Guide

1. Broker Overview

　　ACM Brokers, established by Ooh Rhii Global Services Ltd, is a Nigerian-based forex brokerage that primarily serves the local market. The company operates from Nigeria, focusing on providing trading services in the Nigerian currency (NGN). As a private entity, ACM Brokers is not listed on any stock exchange, which raises concerns regarding its transparency and accountability.

　　The broker targets both retail and institutional clients, offering a range of trading services in forex and commodities. Despite its presence in the market for several years, ACM Brokers has faced scrutiny due to its unregulated status, leading to a lack of trust among potential clients. The company has been noted for its low minimum deposit requirements, making it appealing for novice traders looking to enter the forex market.

　　ACM Brokers has undergone various developments since its inception, but specific milestones and detailed historical insights are scarce. The broker's business model centers around retail forex trading, with a focus on providing accessible trading options for beginners, although this comes with inherent risks due to its unregulated nature.

　　In summary, ACM Brokers operates as a forex broker with a focus on the Nigerian market, catering to both retail and institutional clients, but its lack of regulation and transparency raises significant concerns regarding its legitimacy and operational integrity.

2. Regulation and Compliance Information

　　ACM Brokers operates without oversight from any major regulatory authority, which is a critical factor for potential clients to consider. The Nigerian forex market is largely unregulated, leaving ACM Brokers without a proper regulatory framework to ensure client protection. This absence of regulation poses significant risks, including potential fraud and mismanagement of client funds.

　　Currently, there are no valid regulatory licenses associated with ACM Brokers, and it does not participate in any investor compensation schemes. This raises red flags about the safety of client funds, as there is no assurance of fund security or recourse in the event of a dispute.

　　The broker claims to adhere to basic Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, but specifics regarding the implementation and effectiveness of these policies are not publicly available. Clients should be aware that without a regulatory body overseeing operations, the enforcement of these policies may not be robust.

　　In summary, ACM Brokers is an unregulated broker operating under Nigerian law, lacking the necessary oversight to protect client interests. Potential clients should exercise extreme caution and thoroughly assess the risks involved in trading with an unregulated entity.

3. Trading Products and Services

　　ACM Brokers offers a limited range of trading products primarily focused on forex and commodities. The broker provides access to various currency pairs, including major, minor, and exotic currencies, catering to the diverse needs of forex traders. However, the exact number of currency pairs available is not specified, which may limit trading options for clients.

　　In addition to forex, ACM Brokers allows trading in a select few commodities, such as wheat and barley. However, it does not support trading in precious metals like gold and silver, nor does it offer a wide array of indices, which may deter traders looking for diversified trading opportunities.

　　The broker's product offerings are not frequently updated, and there is limited information regarding the introduction of new trading instruments. This lack of innovation may hinder traders seeking to capitalize on emerging market trends.

　　ACM Brokers does cater to retail clients by providing a demo account option, allowing traders to practice their strategies without risking real capital. However, details on the demo account's features and limitations are not extensively covered on their website.

　　In summary, while ACM Brokers provides a basic range of forex and commodity trading options, the limited product variety and lack of updates may not meet the expectations of more experienced traders seeking comprehensive market access.

4. Trading Platforms and Technology

　　ACM Brokers primarily utilizes the MetaTrader 4 (MT4) trading platform, a widely recognized choice among forex traders due to its user-friendly interface and robust features. MT4 supports various trading strategies, including automated trading through Expert Advisors (EAs), providing flexibility for traders looking to implement algorithmic strategies.

　　The broker does not appear to offer a proprietary trading platform, which may be a drawback for clients seeking advanced trading technologies. Additionally, there is no mention of a web-based trading platform or mobile applications for iOS and Android, limiting accessibility for traders who prefer trading on the go.

　　ACM Brokers operates on an execution model that includes both fixed and floating spreads, depending on the account type. However, specific details about the execution speed and reliability of the trading platform remain unclear.

　　The server locations and technical infrastructure details are not disclosed, which raises concerns about the reliability and stability of the trading environment. Furthermore, there is no mention of API access for automated trading solutions, which could limit opportunities for institutional clients looking for advanced trading integrations.

　　In conclusion, while ACM Brokers offers the popular MT4 platform, its lack of proprietary technology, mobile accessibility, and transparency regarding execution quality may not align with the needs of all traders.

5. Account Types and Trading Conditions

　　ACM Brokers offers several account types to cater to a variety of trading preferences. The available accounts include:

Micro Account: Minimum deposit of NGN 5,000 with leverage up to 1:1000 and fixed spreads.
Mini Account: Requires a minimum deposit of NGN 50,000, offering leverage up to 1:500 and fixed spreads.
Basic Account: A minimum deposit of NGN 100,000 is required, with leverage up to 1:300 and fixed spreads.
Premium Account: This account requires a minimum deposit of NGN 500,000, offering floating spreads and leverage of up to 1:200.
Platinum Account: The highest tier, demanding a minimum deposit of NGN 5,000,000, with leverage up to 1:100 and floating spreads.

　　The broker also provides a demo account, which is essential for new traders to practice without risking actual funds. The leverage offered by ACM Brokers varies significantly across account types, with higher leverage ratios posing increased risk for inexperienced traders.

　　The minimum trade size and overnight fees are not explicitly stated on the broker's website, which may lead to confusion for potential clients. Traders should contact ACM Brokers directly for detailed information regarding these aspects to ensure they understand the costs associated with their trading activities.

　　In summary, while ACM Brokers offers a range of account types suitable for different trading levels, the lack of transparency regarding certain trading conditions may pose challenges for clients seeking clear and comprehensive information.

6. Fund Management

　　ACM Brokers supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets such as PayPal and Skrill. The broker's minimum deposit requirements vary by account type, with the micro account starting at NGN 5,000, making it accessible for beginners.

　　Deposits are processed relatively quickly; however, specific timeframes for processing are not provided. Additionally, there are no disclosed fees associated with deposits, which can be a positive aspect for clients looking to minimize trading costs.

　　Withdrawals can be made through similar methods as deposits, but clients have reported lengthy processing times for withdrawal requests. This delay can be frustrating for traders who require timely access to their funds. Furthermore, the broker's website does not provide clear information on withdrawal fees, which may lead to unexpected costs.

　　In conclusion, while ACM Brokers offers a decent variety of deposit methods and low minimum deposit requirements, the slow withdrawal processing times and lack of transparency regarding fees can be concerning for clients who prioritize efficient fund management.

7. Customer Support and Educational Resources

　　ACM Brokers provides customer support through various channels, including email and phone. However, user reviews indicate that the responsiveness of customer service is lacking, with clients often experiencing delays in receiving assistance. The broker also maintains a presence on social media platforms, which may serve as an additional avenue for client engagement.

　　The support services are available during standard business hours, but specific details regarding time zone coverage are not mentioned. The lack of a dedicated live chat feature may hinder immediate communication for traders needing urgent assistance.

　　In terms of educational resources, ACM Brokers appears to have limited offerings. While some brokers provide webinars, tutorials, and eBooks, there is no substantial information available regarding the educational tools provided by ACM Brokers. Market analysis services, such as daily reports and research insights, are also not highlighted, which could be a disadvantage for traders seeking to enhance their knowledge and trading strategies.

　　In summary, while ACM Brokers offers basic customer support, the lack of responsiveness and limited educational resources may not meet the expectations of traders looking for comprehensive support and guidance.

8. Regional Coverage and Restrictions

　　ACM Brokers primarily serves the Nigerian market, focusing on local clients who trade in Nigerian currency. The brokers operations are concentrated in Nigeria, and it does not have a significant international presence.

　　The broker is not authorized to accept clients from the European Union due to its unregulated status, which restricts access for traders residing in EU member states. This limitation may deter potential clients looking for a broker with broader market accessibility.

　　In summary, ACM Brokers has a localized focus, primarily catering to the Nigerian market, while facing restrictions in dealing with clients from the EU and potentially other regions due to its unregulated nature.

　　In conclusion, while ACM Brokers offers various trading options and account types, the lack of regulation, transparency, and responsiveness raises significant concerns for potential clients. Traders are advised to conduct thorough research and consider the risks associated with trading with an unregulated broker.

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