Quote:
Originally Posted by Tess
ACM is a dealing desk broker – fact.
They operate a fixed spread/no commission deal, whereby they control the playing field. If they don’t agree with your game plan, believe you me, they’ll discourage you from implementing it….fast!
Like any other retail shop, they don’t look kindly on scalpers or news trading operators. Those types of strategies simply don’t sit right with their business models or reflect the kind of business which their wholesale (price) suppliers are looking to attract.
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You are correct that ACM has fixed spreads and no commissions. Therefore they make their profits from the spreads. That means everytime I make an order they make money, even if I make a profit or not. So the more trades the better for them. Why would they discourage placing orders during the news or scalping, it makes no differece to them??? Do you have any personal experiance with ACM, if so I would like to know more if possible. Also where have you hear what you wrote on your post?