ACM, registered on October 29, 2018, is an online forex and contract for difference (CFD) broker based in London. It primarily offers trading services in forex, futures, stock CFDs, stocks, and ETF markets. The official website of this broker is https://alitecapitalmarkets.com/ and it supports the English language. ACM operates globally.
Company Background and Regulatory Status:
According to the information publicly available on its website, Alite Capital Markets is an online forex broker headquartered in London. However, at the bottom of its website, ACM also states that its headquarters are in Saint Vincent and the Grenadines. No information about the company could be found on the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) or the UK Companies House websites.
Market Instruments:
Forex: ACM provides access to the global forex market, allowing investors to trade various currency pairs.
Stocks: ACM offers a platform for buying and selling company stocks, enabling investors to profit from stock market movements.
ETFs: Investors can trade Exchange-Traded Funds (ETFs), which represent a basket of different assets, similar to stocks, providing diversification.
Stock CFDs: ACM allows investors to speculate on the price movements of stocks without owning the actual stocks.
Futures CFDs: Futures are important assets in global markets, and ACM offers them for portfolio diversification.
Account Types:
ACM offers five types of trading accounts: Micro Account, Mini Account, Standard Account, Premium Account, and VIP Account. All these accounts use the MT4 trading platform and mobile trading platforms, have a minimum trade size of 0.01 lots, and do not charge commissions. They allow hedging but do not support scalping. Stop-out levels are set at 30%.
The main difference between these account types lies in the spreads:
Micro Account: Starting from 5.00 pips
Mini Account: Starting from 4.00 pips
Standard Account: Starting from 3.00 pips
Premium Account: Starting from 2.00 pips
VIP Account: Starting from 1.00 pips
Trading Platform:
ACM provides users with the MT4 trading platform, including MT4 Windows, MAC, iOS, and Android versions.
Deposits and Withdrawals:
The specific deposit and withdrawal methods are not explicitly mentioned on the ACM website. Only a withdrawal request form is provided.
Customer Support:
Users can contact ACM via phone at +44 11588 81006 or through email at info@alitecapitalmarkets.com.
Summary:
The information provided on the ACM website contains conflicting and contradictory details. The transparency of entity information is lacking, and there is no regulation by any regulatory authority. When choosing a trading platform, investors are advised to consider the clarity and completeness of regulatory information and opt for platforms regulated by more reputable authorities. As of now, ACM is marked as "Operating Normally" on Trading Wiki.
