There are two types of ACM margin trading accounts, standard and institutional. They are characterized
by the following conditions:
Spread rates
0.5 - 3 pips on ALL the major currency pairs (EURUSD, USDCHF, USDJPY, GBPUSD, EURGBP, EURCHF, EURJPY). For other cross rates, go to spreads
& margins.
Initial account size
USD 5'000 minimum for standard accounts. USD 50'000 minimum for institutional accounts.
Minimum trading denominations
100'000 of the base currency = 1 lot.
Margin requirements
A 1.00% margin is available throughout
the week! No change in margin requirement overnight
and during weekends.
1.00% Margin for institutional accounts.
Institutional sized accounts of up to 4'000'000 USD may hold up to 25'000'000 USD of open positions, without suffering any penalties in margin requirements.
Margin liquidation
Margin liquidation occurs automatically, when the corresponding margin threshold is breached, at the next best available market price for the corresponding execution size. In most cases this is 1%. Please refer to ACM spreads and conditions.
Commission
No commission whatsoever.
Keeping overnight positions
An interest rate differential is charged or credited depending on the currency pair and orientation of your position. Please consult the overnight positions page for further information.
USD, EUR, CHF, GBP, JPY, CAD, AUD & SEK deposits
Accounts can be denominated both in USD, EUR, CHF, GBP, JPY, CAD, AUD & SEK. This means that all trading results will be converted into the base currency of the trading account except in the case that the counter currency of the currency pair being booked is the same as the denomination currency of the account.
ACM is the most competitive online fx broker in the world.
List of all the advantages that ACM offers it's clients,
click here.