Jan 26, Messages: The following statement is fact. They state I was informed by email that this would happen, like this makes it ok. My argument is that email is not adequate for something as serious as this. I am unsure preparing my complaint for NFA and other financial watchdogs will help as they appear to have withdrawn their membership.
Trust ACM Geneva, not likely, apparently they can close any position without conscience or liability. Trade with them at your own risk. Oct 3, Messages: Did they say why they closed your account and your trade? Yes, it is because they applied for Swiss Bank status. My contact told me that they transferred some accounts 'as is' but closed the rest.
In my world, if it was their decision to close my trade then they should pay, ironically the Eur Usd short was at 1. So not only did they stop me out for almost 3k I missed out on a further 6k and they essentially say tough, you were warned.
When I asked why they hadn't placed code to execute on the platform so everyone would be aware they admitted they hadn't considered it. When they say they warned you, was there some sort of notification like "we may or may not close your trades due to our application for Swiss Bank Status" message sent? It might be a good idea to drop a note to the Swiss Regulators and ask their opinion of this issue.
More and more, I am thinking that "Swiss Forex" is like Swiss cheese - full of holes. LOL, My sentiments exactly. Trouble is they sent it from clientrelations acmusa. My contact said he accepts it was obvious I was unaware as I was flat on the 7th but he saw I opened about 6 trades only hours before they closed, he said he tried to call but must have had the wrong numbers. He agrees with me that they should have had their programmer code a warning on the platform instead instead of sending an email.
I told him that I also trade from a PDA which I don't have setup for email so the warning via email is clearly inadequate, but he tells me the powers that be say 'tough'. I will write to the Swiss regualtors, and for what it's worth the NFA. Erik La Ramka Recruit. Apr 29, Messages: French Lawman Suspicious person. Apr 25, Messages: In an effort to ensure greater security, safety, and enhanced banking and investment services to their clients, ACM Group is in the process of applying for its Swiss banking license.
This means that ACM USA will no longer act as a counterparty to forex positions and will not continue to service client accounts. EST, all open forex positions and accounts will be closed at the prevailing market price. However, should you not take any action before the above mentioned date, your account will be closed and the account balance will be returned to you by check. If you have any questions or concerns please do not hesitate to contact our office at or customersupport acmusa.
Feb 25, Messages: Dec 11, Messages: There's another mystery in this mess. Normally, I wouldn't give out information like this.
The whole ACM debate has been anything but normal. I've got 2 users who only want to talk about ACM who seem to have some things in common. Linda Barnes Claims to be a Canadian investigator.
Posts from Mexican IP addresses. French Lawman Sounds French. Maybe he's French Canadian. Sometimes the same IP addresses as Linda Barnes. Maybe in years when the Swiss authorities get around to this case we may have the facts. Of course by then no one will care. You must log in or sign up to post here. Share This Page Tweet. George Mcall posted Feb 28, FxMaster Dec 2, at 8: Fraudulent actions of a brokerage company Trade12 Viktor Borodin , Dec 1, at 1: Avatrade withdraw problem hungtri , Dec 1, at FxMaster Dec 2, at 7: Sive Morten Dec 1, at 5: Sive Morten Nov 24, Sive Morten Nov 17, Sive Morten Nov 10, Andrew Mitchem Nov 7, Andrew Mitchem Nov 14, Andrew Mitchem Nov 23, AvaTrade Dec 3, at 4: Stern Options took my relative's life savings HeinzelmanDak , Oct 16, MohdAbdullah Dec 2, at 9: Bollebeertje Dec 2, at 7: A confession — why I was loosing for 10 years pro4Xtrader , Jun 9, Qasim waqar Dec 2, at 1: How long did it take you to go from demo to live?
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