Guaranteed Stops — guaranteed

[Wallace]

Email from ACM:
ACM Advanced Currency Markets SA
3, Rue de la Croix-d'Or, 1204 Geneva (Switzerland) —
who recently joined the Refco Group.

" Dear Sir, Despite recent market choppiness ACM will continue to guarantee all prices on market, limit, stop and OCO variant orders!
Regardless of how volatile market conditions are and even in market gaps ACM will honor all valid executions! "

Minimum account size $5000

http://www.ac-markets.com/

[CTGJr]

the important question is, will the regulatory bodies enforce these guarantees?

if a broker decides it will no longer honor its guarantee
or screw a client over its definition of "valid execution" --
will the regulatory body take action?

or will we discover
"There is no controlling legal authority that says this was in violation of law." (to borrow an oft-repeated line from a former US VP)

[elmagd2000]

Wallace,

May you ask them just one question:

How do they guarentee stops and limits and their mother company RefcoFx doesn't gurantee them anymore?

Interested to get answer

Hani

[sasfx]

you do have to ask yourself how they can continue to guarantee them when refco cannot and not only that within the last 2 weeks FXCM have stopped guaranteeing stops too. Since they are all linked as a company to a certain extent how can this be.

[CTGJr]

apparently GFT still offers a "guarantee" at this time

Guaranteed fills up to $20 million on stop-loss and limit orders *
Global Forex Trading, unlike many retail forex companies, plots its tradable prices on the major markets. This allows our clients to see exactly what prices are trading and have traded directly from our dealing desk. What used to be implied is now guaranteed by GFT. What you see on the chart, determines if your order is due to fill or not. Global Forex Trading will guarantee that if you see your price trade on our charts you are filled on your order. **

No Slippage on client orders *
Slippage is often a concern by customers, and it should be, because there are companies in the retail and institutional sector that specialize in precise slippage on stop orders to expand their revenues from clients. Global Forex Trading has an unwritten rule of filling customer orders at their respective stop price, unless extreme market movements dictate otherwise. But, we take this notion one step further by guaranteeing fills on stop-loss and limit orders on up to 20 Million. *
(Click here for a list of the maximum fill for each corresponding currency pair.)

* Does not include bad price spikes. Bad price spikes are removed from the price charts quickly to alleviate confusion. Does not apply outside of GFT trading hours or during fundamental announcements.

** Does not apply outside of GFT trading hours or during fundamental announcements.

Weekend Stop and Limit Orders
Stop and limit orders during weekend and holiday hours work different during times when some or all of the markets are closed. When trading is halted due to a holiday or weekend, it is important to note how stop and limit orders are treated.

If the currency cross opens at or beyond your stop or limit rate then your stop or limit will be filled at that opening market rate. This means that your stop orders may be filled at rates that are poorer than the order rates. Likewise, your limit orders may be filled at rates that are better than the order rates.

GFT

[elmagd2000]

It requires a demo account plus opening a position at Next Non-farm payrolls

[Mkcky]

I am going to do the same, try demo account at the time of NFP

[Maxfx]

Hi Guys,
I have been hunting for good brokers for weeks now. I have talked with ACM on a few occasions. They do claim to fill all orders guaranteed no matter what.
They have many different policies from Refco, and they are essentially their own company.
I personally would be very excited about them if it weren't for their platform. I just don't like it. I think I could get use to it for longer term tech trading, but for fast paced news trading, it is just not organized well enough for my taste. Just my opinion. I am still considering them, amongst a couple others.
Kind Regards,
Maxwell