ACT Commodities foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.actcommodities.com/, about the company's legal and temporary regulatory information, the company's address Atrium building, 8th floor Strawinskylaan 3127 1077 ZX Amsterdam The Netherlands.
ACT Commodities, officially known as ACT Commodities Group B.V., was established in 2009. The company is headquartered in Amsterdam, Netherlands, specifically located at Atrium Building, 8th Floor, Strawinskylaan 3127, 1077 ZX Amsterdam. As a private entity, ACT Commodities operates independently and focuses on providing market-based environmental solutions.
The primary market served by ACT Commodities includes clients engaged in emissions trading, renewable fuels, renewable energies, and energy efficiency markets. The company aims to empower its clients to achieve their climate action goals by offering a wide range of products and services. Over the years, ACT Commodities has developed a reputation for its expertise in facilitating the trading and management of carbon credits and other emission allowances, helping businesses offset their carbon footprints.
Key milestones in the companys development include expanding its services to various international markets and establishing multiple offices across continents, including locations in New York, Paris, Shanghai, and Singapore. The business model of ACT Commodities primarily focuses on providing retail services in the environmental commodities sector, catering to both individual and institutional clients.
ACT Commodities currently operates without valid regulation, which raises significant concerns regarding its compliance with industry standards. The absence of oversight from recognized regulatory bodies means that there is no government or financial authority monitoring its operations. This lack of regulation poses a high potential risk to investors.
As it stands, ACT Commodities does not hold any regulatory licenses that would ensure investor protection or compliance with financial regulations. This situation is compounded by the absence of a customer fund segregation policy and participation in investor compensation schemes, which are critical for safeguarding client funds.
The company does implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures; however, these protocols may not be as robust as those enforced by regulated brokers. Clients considering engaging with ACT Commodities should conduct thorough research and weigh the potential risks against possible rewards before proceeding. It is generally advisable to invest with well-regulated brokers to ensure that funds are adequately protected.
ACT Commodities offers a diverse range of trading products and services tailored to meet the needs of its clients. The broker provides access to various foreign exchange (forex) currency pairs, although specific details on the number of pairs available are not disclosed. In addition to forex trading, ACT Commodities also offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies.
One of the unique aspects of ACT Commodities is its specialization in environmental commodities. The broker facilitates trading in carbon credits and other emission allowances, which are crucial for businesses looking to comply with environmental regulations. Additionally, the company focuses on renewable fuels such as biodiesel and ethanol, promoting cleaner alternatives to traditional fossil fuels.
While the broker provides valuable insights and market analysis, the frequency of product updates and the introduction of new trading instruments may not be as comprehensive as some competitors. Retail trading services are available for individual clients, while institutional clients can benefit from tailored solutions designed to meet their specific needs.
ACT Commodities does not support the widely used MetaTrader 4 or MetaTrader 5 platforms, which may limit the trading experience for clients accustomed to these systems. The broker offers a proprietary trading platform, although specific details about its features and functionalities are not extensively provided in the available information.
Clients can access trading services through a web-based platform, which allows for easy navigation and execution of trades. Furthermore, a mobile application is available for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
In terms of execution models, ACT Commodities employs a Market Making approach, which may affect spreads and execution speeds. The broker's technical infrastructure is designed to support efficient trading operations, although specific details regarding server locations and technology specifications are not disclosed. Additionally, API access for automated trading is not mentioned, which may limit options for algorithmic traders.
ACT Commodities offers a range of account types to accommodate various trading preferences. The standard account conditions typically require a minimum deposit, although specific figures are not disclosed. Clients can expect competitive spreads and commission structures, but detailed information regarding these aspects is not readily available.
For more experienced traders, advanced account types may be offered, including VIP and professional accounts. However, specific details regarding the features and benefits of these accounts are not provided. The broker does not appear to offer a demo account, which may be a drawback for beginners looking to practice trading without financial risk.
Leverage ratios are available, but the specific ranges for different products are not disclosed. The minimum trading lot size and overnight fees are also not specified in the available information, which may affect trading strategies for potential clients.
ACT Commodities supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary by account type, but specific figures are not provided.
Deposits are processed within a reasonable timeframe, although exact processing times are not mentioned. Clients should also be aware of any deposit fees associated with their chosen funding method, which are not clearly outlined.
For withdrawals, ACT Commodities offers multiple options, but specific limitations and processing times are not disclosed. The fee structure for withdrawals is also not clearly defined, which may lead to uncertainties for clients regarding their access to funds.
ACT Commodities provides multiple support channels for its clients, including telephone, email, and social media platforms. Customer support is available in English and Chinese, although the absence of live chat support may limit immediate assistance options.
The broker's service hours and timezone coverage are not specified, which could affect clients in different regions. In addition to direct support, ACT Commodities offers various educational resources, such as webinars, tutorials, and market analysis services, to help clients improve their trading skills and knowledge.
Market analysis services include daily updates, news, and research reports that keep clients informed about developments in the environmental commodities sector. Trading tools, such as calculators and calendars, are also available to assist clients in making informed trading decisions.
ACT Commodities operates primarily in the European and Asian markets, with a notable presence in regions such as North America. The company has established offices in key locations, including Amsterdam, New York, Paris, Shanghai, and Singapore, to better serve its clients.
However, certain countries may be excluded from ACT Commodities' service offerings, although specific details regarding these restrictions are not disclosed. It's important for potential clients to verify whether their region is supported before engaging with the broker.
In conclusion, while ACT Commodities offers a range of trading products and services, potential clients should carefully consider the lack of regulation and transparency regarding account conditions and fund management practices. Conducting thorough research and weighing the risks is essential before choosing ACT Commodities as a trading partner.
FX1368157176
United Kingdom
ACT Commodities' website offers a fairly limited amount of content, which makes me think the company is disingenuous. I'm not interested in trading forex or other instruments here.
Positive
2023-03-10