Overview of ACI Markets
ACI Markets Ltd, based in the United Kingdom, is an unauthorized financial service provider that lacks regulation and a valid license. Engaging with ACI Markets involves a higher level of risk. The broker exceeds the business scope regulated by the United States National Futures Association (NFA), and there is no information available about their trading software. ACI Markets offers a range of market instruments for trading, including forex, stock indices, oil contracts, metals, and bonds. These instruments allow traders to speculate on exchange rate fluctuations, track stock performance, participate in the oil market, invest in metals, and engage in bond trading. However, specific features related to account types and trading conditions are not provided, and caution should be exercised due to the lack of regulation.
ACI Markets provides a variety of account types, including a demo account, Cent account, and Swap Free trading account. They also offer a leverage ratio of 1:500, low spreads, and charge high commissions. The minimum deposit required for trading accounts is $3, and a 30% deposit bonus is available. Traders can access the MetaTrader 5 (MT5) trading platform, which is compatible with mobile devices and desktop computers. ACI Markets provides educational resources through its blog, and customer support services are available 24/7 via various communication channels. However, the lack of specific details and the company's unauthorized status raise concerns about reliability and trustworthiness.
Pros and Cons
ACI Markets has several notable pros and cons. On the positive side, it offers a range of forex instruments, providing opportunities for traders to engage in currency trading. Additionally, it provides access to stock indices and oil contracts, as well as trading instruments in metals and bond instruments. The trading platform is based on MetaTrader 5 (MT5), a popular platform in the industry. ACI Markets also offers a demo account with unlimited usage and a minimum deposit of $3, making it accessible to traders. Moreover, it provides a leverage ratio of 1:500, potentially amplifying trading positions. The broker also offers low spreads, enhancing trading opportunities. Furthermore, ACI Markets offers a 30% deposit bonus, providing an incentive for traders. However, there are notable cons to consider. ACI Markets is not regulated by any authorized regulatory agency, which raises concerns about the level of risk involved. The information provided on specific market instruments and trading conditions is limited, making it difficult to assess the full scope of offerings. Furthermore, specific features related to account types and a corporate account service are not provided. The existence of a blog is mentioned, but no details are provided. ACI Markets lacks advanced trading tools and charges high commissions, although specific numbers are not provided. Lastly, the customer support channels offered by the broker are limited. Traders should carefully consider these pros and cons before engaging with ACI Markets.
Is ACI Markets Legit？
ACI Markets Ltd, based on the provided information, is not regulated by any authorized regulatory agency. It lacks a valid license and falls under the category of an unauthorized financial service provider. Therefore, engaging with ACI Markets involves a higher level of risk. Additionally, it is worth noting that the broker exceeds the business scope regulated by the United States National Futures Association (NFA). Furthermore, there is no information available regarding their trading software. It is essential to exercise caution when dealing with this broker.
Market Instruments
1. FOREX: ACI Markets offers a range of forex instruments, allowing traders to engage in currency trading. This includes major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs like AUD/CAD, NZD/JPY, and USD/ZAR. The forex market provides opportunities for traders to speculate on the fluctuation of exchange rates between different currencies.
2. STOCK INDICES & OIL: ACI Markets provides access to various stock indices and oil contracts, enabling traders to participate in these markets. Examples of stock indices include the S&P 500, NASDAQ 100, and FTSE 100, allowing traders to track the performance of a specific group of stocks. Additionally, oil contracts such as West Texas Intermediate (WTI) and Brent Crude Oil offer opportunities to speculate on the price movements of oil, an important commodity in global markets.
3. METALS: ACI Markets offers trading instruments in metals, allowing traders to invest in precious and industrial metals. Examples of precious metals include gold, silver, and platinum, which are often sought after for their value and used as a hedge against inflation. Industrial metals like copper and aluminum are essential for manufacturing and construction industries, providing opportunities for traders to speculate on their price fluctuations.
4. BONDS: ACI Markets provides access to bond instruments, allowing traders to engage in bond trading. Bonds represent debt securities issued by governments, municipalities, or corporations to raise capital. They offer fixed interest payments over a specified period, making them attractive to income-focused investors. Examples of bonds include U.S. Treasury bonds, corporate bonds, and municipal bonds, each with their own risk and return characteristics.
Account Types
ACI Markets offers a variety of account types, including a demo account that never expires and allows unlimited usage, although inactive accounts for more than 90 days will be closed. Traders can have a maximum of 6 active demo accounts. They also have a Cent account type where deposits appear in cents. Additionally, ACI Markets provides a Swap Free trading account that does not incur overnight hold fees. ACI Markets also claims to offer two main account types: STANDARD(Bonus) and STANDARD accounts. However, they do not offer a corporate account service, and specific features related to account types are not provided in the given information.
Pros and Cons
How to Open an Account？
Visit the ACI Markets website and locate the “Register” button.
Click on the “Register” button to initiate the account opening process.
Fill in the required information, including your Card ID, First Name, Last Name, Email, Password, and Confirm Password.
Carefully enter your personal details as per the instructions provided.
Once you have completed all the necessary fields, review the information to ensure accuracy.
Click on the “Sign Up” or equivalent button to submit your account registration.
Wait for a confirmation email from ACI Markets that will contain further instructions or verification steps, if required.
Leverage
ACI Markets offers a leverage ratio of 1:500. Leverage allows traders to control larger positions in the market with a smaller amount of capital. With a 1:500 leverage ratio, traders can potentially amplify their trading positions up to 500 times their initial investment. However, it's important to note that while leverage can increase potential profits, it also magnifies potential losses, so traders should exercise caution and consider their risk tolerance before utilizing high leverage ratios.
Spreads & Commissions
ACI Markets offers low spreads, with a spread value of 0.0. This indicates that the difference between the buying and selling prices of their trading instruments is minimal. In addition, ACI Markets charges high commissions, although specific numbers are not provided. Traders should take into consideration the commission costs associated with their trades when engaging with ACI Markets.
Minimum Deposit
The minimum deposit required for trading accounts at ACI Markets is $3 for both STANDARD (Bonus) and STANDARD account types.
Bonus
ACI Markets offers a 30% deposit bonus to traders, providing an additional 30% bonus on their initial deposit. For example, if a trader deposits $100, they would receive a $30 bonus, resulting in a total account balance of $130. The bonus serves as an incentive for traders to increase their trading capital and potentially enhance their trading opportunities.
Deposit & Withdrawal
ACI Markets offers a range of deposit and withdrawal methods, including mobile phone payments, banking transfers, credit cards, and PayPal. Traders can choose their preferred method within the member area and follow the provided instructions. There are no fees charged by ACI Markets for deposits or withdrawals; any fees incurred are issued by the respective payment providers. Processing times for deposits and withdrawals can take up to 24 business hours. The minimum deposit and withdrawal amount is $3 USD or equivalent, although this may vary depending on the chosen payment method and account verification status. Withdrawal requests are processed by the back office within 24 hours, with e-wallet withdrawals typically receiving funds on the same day, while bank transfers or credit/debit card withdrawals may take 2-5 business days. Deposit and withdrawal rates are determined by the trader's local bank.
Trading Platforms
METATRADER 5 (MT5):
ACI Markets offers a trading platform that allows users to trade anytime and anywhere. They provide an app for iOS and Android devices, available for download from the app stores. Additionally, ACI Markets offers a desktop client compatible with MacOS and Windows operating systems. The trading platform is based on MetaTrader 5 (MT5), a popular and widely-used platform in the financial industry. With the ACI Markets trading platform, traders can access the markets, monitor their positions, and execute trades.
Educational Resources
ACI Markets provides educational resources through its blog, offering traders the opportunity to stay updated with the latest stories and commentary. The blog serves as a platform for learning and gaining insights into market trends, strategies, and news. It provides valuable information to traders seeking to expand their knowledge and make informed trading decisions.
Customer Support
ACI Markets provides customer support services that are available 24/7. They can be reached through various communication channels, including Discord, Telegram, Facebook, and YouTube. Additionally, customers can contact their customer service via email at admin@acimarkets.com.
Conclusion
In conclusion, ACI Markets Ltd, based on the provided information, lacks regulation from authorized regulatory agencies and operates as an unauthorized financial service provider, posing a higher level of risk for potential traders. The broker exceeds the business scope regulated by the United States National Futures Association (NFA), and no information is available regarding their trading software. While ACI Markets offers a variety of market instruments such as forex, stock indices, oil, metals, and bonds, caution is advised when dealing with this broker. The account types offered are not fully explained, and features related to corporate accounts are not provided. ACI Markets offers a leverage ratio of 1:500, allowing traders to control larger positions but also amplifying potential losses. The broker claims to have low spreads but charges high commissions, although specific numbers are not mentioned. The minimum deposit required is $3, and ACI Markets offers a 30% deposit bonus as an incentive. Deposit and withdrawal methods are available, but processing times may vary. ACI Markets provides a trading platform based on MetaTrader 5 (MT5) and offers educational resources through its blog. Customer support services are available 24/7 through various communication channels. It is important for traders to exercise caution and conduct further research before engaging with ACI Markets.
FAQs
Q: Is ACI Markets a regulated financial service provider？
A: ACI Markets lacks regulation from authorized regulatory agencies, posing a higher level of risk for traders.
Q: What market instruments does ACI Markets offer？
A: ACI Markets offers forex, stock indices, oil contracts, metals, and bonds for trading.
Q: What are the account types offered by ACI Markets？
A: ACI Markets offers demo, Cent, Swap Free, and STANDARD account types.
Q: What leverage ratio does ACI Markets offer？
A: ACI Markets offers a leverage ratio of 1:500.
Q: What are the spreads and commissions at ACI Markets？
A: ACI Markets offers low spreads (0.0) and charges high commissions.
Q: What is the minimum deposit required by ACI Markets？
A: The minimum deposit for STANDARD (Bonus) and STANDARD accounts is $3.
Q: Does ACI Markets offer bonuses？
A: ACI Markets offers a 30% deposit bonus on initial deposits.
Q: What deposit and withdrawal methods are available at ACI Markets？
A: ACI Markets supports mobile payments, bank transfers, credit cards, and PayPal for deposits and withdrawals.
Q: What trading platform does ACI Markets provide？
A: ACI Markets offers the MetaTrader 5 (MT5) platform for trading.
Q: Does ACI Markets provide educational resources？
A: ACI Markets offers educational resources through its blog to help traders stay informed.
Q: How can I contact ACI Markets customer support？
A: ACI Markets provides 24/7 customer support via Discord, Telegram, Facebook, YouTube, and email.
