ACM FX is the Trading name of Oohrhii Global Services Limited.
A Quick Overview of our ACM FX Review:
- ✔️Who is ACM FX?
- ✔️Safe or Scam
- ✔️Pros and Cons
- Leverage
- Accounts
- Market Instruments
- Fees
- Deposit and Withdrawal
- Trading Platforms
- How to open an account
- Customer Support
- Education
Oohrhii Global Services Ltd. is authorized under the Companies and Allied Matters Act 1990 to carry out commercial investment, investment, and consultancy services.
Who is ACM FX?
According to research in South Africa Astute Capital Market Brokers or ACM FX is an investment firm with headquarters in Ibadan, Nigeria, that offers its products and services online to retail and corporate clients from all over Africa.
ACM FX offers trading of currencies (FX), Contract for Difference (CFDs), Futures OTC, Stocks (Foreign), ETFs, Bonds, Options, Metals, and more on the MT4 platform.
Safe or Scam
One of the best benchmarks to measure the safety of a broker like ACM FX is to establish which regulating authorities are watchdogs over its actions.
Astute Capital Market Brokers (ACM FX) is the Trading name for Oohrhii Global Services Ltd. with registration number RC 1323060 and as a Limited Liability Company by Shares authorized under the Companies and Allied Matters Act 1990 in Nigeria to carry out financial advisory, commercial investors, investment and consultancy services.
Pros and Cons
| PROS | CONS |
| 1. Demo Account | 1. Not regulated by reputable authorities |
| 2. Choice of Trading Accounts | |
| 3. Variety of trading Currencies |
Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
ACM FX offers a default leverage level at 1:500, which can be changed by clients in their client cabinet – apparently to a leverage ratio of 1:1000.
AC ACM FX has the right to reduce the maximum leverage for a transaction depending on the size of the account’s equity balance and volume of the positions opened.
Accounts
A forex account at ACM FX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
ACM FX offers the following types of accounts:
ACM Micro:
Requires a minimum deposit of NGN 5 000 at a leverage ratio of 1:1000, with fixed spread, no commissions and hedging and scalping are allowed. Expert advisors are available.
ACM ECN:
Requires a minimum deposit of NGN 50 000 at a leverage ratio of 1:500 with fixed spread, no commissions, and hedging and scalping are allowed. Expert advisors are available.
VIP ECN:
Requires a minimum deposit of 180 000 NGN, at a leverage ratio of 1:300. Spread is floating from 0 pips, with no commissions, and hedging and scalping are allowed. Expert advisors are available.
Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals:
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy:
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
ACM FX offers trading of currencies (FX), Contract for Difference (CFDs), Futures OTC, Stocks (Foreign), ETFs, Bonds, Options, Metals and more.
Fees
Cost depends on different factors, like spread and margins, and ACM FX clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
ACM FX offers fixed spread and no commissions on its ACM ECN and VIP ECN accounts and floating spread from 0 pips, with no commissions on its VIP ECN account.
Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of ACM FX, the ACM Micro account requires a minimum deposit of NGN 5 000, the ACM ECN account requires a minimum deposit of NGN 50 000 and the VIP ECN account requires a minimum deposit of 180 000 NGN.
Bank cash deposits, online payment transfers, and all major credit cards can be used for funding accounts and withdrawals.
10 Best Forex Brokers in South Africa for 2025 Rank Broker Review Regulators Min Deposit Official Site
Trading Platforms
The forex trading platform provided by ACM FX to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
ACM FX provides:
MT4 For Desktop
Traders can trade more than 200 instruments from 4 different asset classes with ACM FX directly on a Windows desktop or laptop.
MT4 For Android
Traders can trade the same as above directly on an Android phone, iPads and Android tablets.
MT4 For Mac Desktop
Traders can use a MAC desktop or laptop to trade as above.
MT4 For iPhone or iPads
Traders can trade more than 200 instruments from 4 different asset classes directly on an iPhone or iPad.
How to open an account
Similarly to a bank, to register a forex trading account with ACM FX for the first time, you will be required to go through a basic “know your customer” process, which will allow ACM FX to ascertain that your submitted details and ensure the safety of your funds and account details.
Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of ACM FX customers can reach the support team via email and by calling their UK or international telephone numbers which are provided on the site 24/7. Chat is also available.
The website is available in 85 languages and is easy to navigate. It also has some appropriate pictures.
Education
Before starting to trade, potential clients of ACM FX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
ACM FX believes good education in Forex trading as the key to success and profits and offers a host of educational tools for registered account holders.
A beginner’s course offers basic instruction on Forex trading enhanced by a series of online videos with tutorials for beginners as well as advanced traders.
A separate series of classes focus specifically on ECN and its benefits and a list of important terms in Forex trading and useful trading tips are provided in textual lessons.
Classes on social trading and how it can be used by traders are offered. Two ACM eBooks for beginners and for traders with more experience can be downloaded or read online.
Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.
With ACM FX they have access to the use of Trading Central, a certified member of three Independent Research Providers associations: Investorside Research, Euro IRP and Asia IRP. It is also a Registered Investment Adviser (RIA) with the U.S. Securities and Exchange Commission (SEC).
ACM offers an economic calendar and several calculators like Pivot, Fibonacci, Pip, and Deal Size and six animated films provide full explanations on the use and economic rules of these tools.
Two separate FAQ sections offer an overview of Forex trading and explain the concept and benefits in question and answer form.
Awards
Being an awarded company instills extra confidence by traders. Although ACM FX is acclaimed by customers, there is no indication of awards won on its homepage.
Conclusion
ACM FX can be described as a company that offers a host of educational tools and the popular MT4 trading platform. The website is easy to navigate with a good presentation.
Much emphasis is placed on using a demo account for a while before opening a live trading account.
Disclaimer
ACM FX warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with ACM FX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
ACM FX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence ACM FX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
You might also like: ACM FX Account Types Overview
You might also like: ACM FX Demo Account
You might also like: ACM FX Fees and Spreads
You might also like: ACM FX Islamic Account Overview
You might also like: ACM FX Minimum Deposit
You might also like: ACM FX Sign up Bonus
FAQs
Trading environment
How many instruments can I trade with ACM FX?
You can trade several different instruments with ACM FX, which include the following:
- Currencies
- Metals
- Commodities
- Indices
- Cryptos
Which platforms are supported by ACM FX?
ACM FX provides the following popular trading platforms:
- MT4 For Desktop
- MT4 For Android
- MT4 For Mac Desktop
- MT4 For iPhone or iPads
Does ACM FX offer leverage?
Yes, ACM FX offers maximum leverage of 1: 1000
What spreads can I expect with ACM FX?
ACM FX offers fixed spread and no commissions on its ACM ECN and VIP ECN accounts and floating spread from 0 pips, with no commissions on its VIP ECN account.
If details on the website are not comprehensive, more information can be obtained from the customer support service.
Does ACM FX charge commission?
No, more information on commissions can be obtained from the customer support service.
Is ACM FX regulated?
No/Yes, ACM FX is only authorized under the Companies and Allied Matters Act 1990 in Nigeria.
Is ACM FX a recommended forex trading broker for experts and beginners?
ACM FX offers a fair trading environment for all types of traders.
What is the overall rating out of 10 for ACM FX?
5/10
Accounts
What is the difference between a demo and live trading account?
A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money.
Does ACM FX offer a demo account?
Yes
How long is the demo account valid?
The demo account can be used for 30 days.
Which live trading accounts does ACM FX offer?
- ACM Micro
- ACM ECN
- VIP ECN
What are the available deposit currencies for a live trading account?
USD, NGN.
Deposits and Withdrawals
What is the minimum deposit for ACM FX?
NGN 5 000
How do you make a deposit and withdrawal with ACM FX?
ACM FX offers the following deposit and withdrawal methods:
- Bank cash deposits,
- Online payment transfers
- Major credit cards
Withdrawals can be done via:
- Bank cash deposits,
- Online payment transfers
- Major credit cards
Does ACM FX charge withdrawal fees?
Yes, the different amounts can be found on the company homepage.
How long does it take to make a withdrawal?
Depending on bank services it may take several days for the money to be available.
ACM FX AT A GLANCE |
|
| Broker’s Name | ACM FX |
| Headquartered | Ibadan, Nigeria |
| Year Founded | 2002 |
| Regulating Authorities | Not regulated |
| Countries not accepted for trade | United States |
| Islamic Account (Swap Free) | No |
| Demo Account | Yes |
| Institutional Accounts | Yes |
| Managed Accounts | Yes |
| Maximum Leverage | 1:100 |
| Minimum Deposit | $100 |
| Deposit Options | Bank cash deposits,
Online payment transfers Major credit cards |
| Withdrawal Options | Bank cash deposits,
Online payment transfers Major credit cards |
| Platform Types | MT4 For Desktop
MT4 For Android MT4 For Mac Desktop MT4 For iPhone or iPads |
| OS Compatibility | Mobile, Web, iPhone, iPad |
| Tradable Assets | Currencies. Metals. Commodities. Indices. Cryptos |
| Languages supported on Website | 85, but not specified. |
| Customer Support Languages | Multiple languages |
| Customer Service Hours | 24 hours, 5 days per week |
Top 4 Brokers
