ACCM Forex broker review — Everything you need to know

ACCM is the website name and trading name of ACCM Corporate Group, which consists of several entities. The broker is very experienced and is also licensed. It offers several live account types, and traders can access multiple markets on MT4 and MT5 advanced platforms.

Below is a brief review of ACCM forex brokers, where we analyze their safety, accounts, platforms, support, profit withdrawals, trading costs, and more.

ACCM Overview of the website

The ACCM website is modern in design, but also simplistic. It allows quick navigation and is not overcrowded with unnecessary details or media. This is flexible and lets users quickly cut the noise and flashy colors and access what’s most important: trading conditions. The live chat is a super-fast plugin and is directly built into the website, providing nearly instant customer support access, which is also a positive sign. The broker does not directly list spreads and some specs in its account type section, which is a minor drawback.

The website and live chat are multilingual provided in a multitude of languages.

Overall, the ACCM website looks professional and is well-structured, but lacks some more clarity around the exact trading conditions.

ACCM Safety and Licenses Revealed

ACCM is a very well-regulated forex broker that is based and overseen by several major and reputable authorities. The ACCM Corporate Group is the corporation that is behind all of these entities. Here are the entities themselves and their respective regulators:

• AC Capital Market (S) Ltd – the Seychelles Financial Services Authority (FSA), under Licence No. SD198
• ACCM Global (Pty) Ltd – the Financial Sector Conduct Authority (FSCA), FSP No. 54284
• ACCM Prime Pty Ltd trading as ACCM Prime (AU) – the Australian Securities and Investment Commission (ASIC) under an Australian Financial Services Licence number 308159
• ACCM Global Limited – the Vanuatu Financial Services Commission (VFSC). Licence No. 700597

As we can see, the broker is very serious about its license and is a reliable and reputable forex broker operating under a multitude of different licenses in major jurisdictions.

However, we could not find any clear evidence that ACCMFX explicitly offers a negative balance protection policy to retail clients, which is a drawback for beginners.

ACCM Accounts Reviewed

The broker offers one live trading account, divided into several tiers: standard, professional, and ECN. The broker is not specific regarding exact spreads and conditions, which is a drawback. However, it advertises spreads from 0.0 pips, but this should be about an ECN account, which also charges commissions for these 0 pip spreads. Let’s briefly review each of them to define how competitive the broker truly is.

ACCM Standard Account

The standard account offers commission-free trading. Here are its trading conditions:

• Minimum deposit – 500 USD
• Maximum leverage – 1:800
• Spreads – competitive
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

ACCM Professional Account

• Minimum deposit – Unknown
• Maximum leverage – 1:800
• Spreads – Lower
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

ACCM ECN Account

• Minimum deposit – Unknown
• Maximum leverage – 1:800
• Spreads – From 0.0 pips
• Commissions – 6 USD per lot
• Minimum lot size – 0.01 lots

Overall, the broker is competitive on its ECN account, but we do not know the exact minimum deposit requirement, making it difficult to define how competitive trading conditions truly are. The minimum deposit of 500 USD is also very high, and despite being very reliable, many retail traders won’t open accounts with this broker. Couple these all with the lack of negative balance protection, and we have an unattractive broker for most retail forex traders.

Deposit and withdrawal options at ACCM

Despite updates and changes to its website, the ACCM broker still lacks exact details. Most of its trading conditions and information are mostly advertisements and general information, not specific. Deposits are instant. Withdrawal requests received before 1:00 PM GMT will be processed on the same day. Requests after this time may be processed on the next business day, which is very competitive. However, we do not know the exact fees on deposits and withdrawals or the payment methods supported by ACCM.

ACCM Assets — What can you trade?

ACCM Broker is a multi-asset forex broker that provides access to several asset classes, such as forex pairs, commodities, and indexes. Despite these assets, the broker still lacks diversity because it does not offer access to cryptos or stocks, which is a drawback. Trading conditions are mostly unknown, but the broker offers some flexibility with high leverage and low spreads on ECN accounts.

Trading platforms of ACCM

When it comes to trading platforms, ACCM forex broker enables access to two of the most advanced and popular platforms in the industry right now: MetaTrader 4 and MetaTrader 5. MT4 and MT5 both support custom indicators and automated trading through Expert Advisors (EAs), which is very flexible. Mobile trading is also available via mobile MT4 and 5 apps, accessible on all mobile devices, enabling traders to trade seamlessly on the go.

Education at ACCM

The broker provides some educational resources, which are limited. There is a webinar section where traders can learn to trade online. All other tools and resources are not specifically educational but offer market analysis and reports. As for the tools, ACCM offers an economic calendar and calculators. Copy trading services are also available.

It also offers Autochartist, Daily Analysis, ACCM Executive Talks, Outlook Reports, ACCM Webinars, and ACCM Library.

ACCM Customer Support

The customer support services are excellent at ACCM. The broker offers access to live chat, email, and phone support options. The live chat is super responsive and directly available on the website, enabling quick contact in emergencies. The broker is multilingual because it offers its website and support in a plethora of languages.

ACCM bonuses and promotions

ACCM forex broker lacks bonuses and promotional events apart from daily talks and market signals. This is understandable because the broker is a very experienced and well-regulated brand. However, the lack of trading contests and other promotional events is still a disadvantage.

Is ACCM your broker? Final verdict

ACCM is a well-regulated, experienced forex broker with MT4 and MT5 access, ECN trading, but high minimum deposit requirements of $500. The broker has multiple licenses from major authorities. However, despite being reliable, it still needs to disclose its trading conditions, like spreads, transparently. Overall, ACCM is more suitable for experienced forex traders but not very compatible with absolute beginners.

FAQs on ACCM broker

Where is ACCM based?

ACCM operates through multiple entities regulated in Australia, Seychelles, Vanuatu, and South Africa under the ACCM Corporate Group.

Can you withdraw from ACCM?

Yes, withdrawals are processed the same day if requested before 1:00 PM GMT, though exact fees and methods are not clearly disclosed.