Acm gold and forex trading. One of the biggest South African brokers, ACM Gold and Forex Trading (ACM), has taken a hit to its reputation and business with the provisional withdrawal of its trading license by the Financial Services Board (FSB) after a number of its clients and introducing brokers (IB) have come under scrutiny.

Acm gold and forex trading

ACM Gold and Forex Trading - How to trade Kruger Rands

Acm gold and forex trading. If you open an account with ACM Gold. your money can stay inside South Africa while you are trading! There are no problems with international transfers, no need of SARS Tax Clearance Documents, easy access and withdrawals. ACM Gold is an authorised Financial Service Provider of the Financial Service Board of South.

Acm gold and forex trading


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The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at Finance Magnates are those of the individual authors and do not necessarily represent the opinion of Fthe company or its management.

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You are therefore advised to re-read this statement on a regular basis. These terms and conditions form part of the Agreement between the Client and ourselves. Your statutory Consumer Rights are unaffected. Platinum Forex solicited investor money for an apparent Managed Fund, despite not being a registered financial services provider as per South African law. After accepting deposits to the tune of R million, Mr. Alas, court papers reveal that the deposits were siphoned off to fund his lifestyle, pay other investors, and the balance deposited into short-term investment accounts — some of which were with ACM, according to FSB financial advisory and intermediary services compliance head, Manasse Malimabe.

The dodgy dealings of both Platinum Forex and Go Direct clearly shed doubt on whether the firm has fulfilled its obligations. Malimabe to BusinessDay Live. Neither Platinum Forex nor Colin Davids are authorised. Finance Magnates reached out to ACM for a comment. The broker reiterated that the company had a relationship with Mr. We believe that by working with the FSB we will achieve resolution and regain our position in the market.

In the interim, existing clients have access to their accounts and all funds remain secure. They cannot claim that the existing clients funds are secure when i am an existing client and the funds I deposited before their license was withdrawn have not been allocated to my trading account.

Please email me directly so I can look into this further — robyn acmgold. Our Quarterly Report incorporates unique data on trading volumes and traders, in-depth insights, special guest articles, regional information, regulations, updates and much more.

This exclusive report aims to serve as a manual, answering all of the questions on the Chinese multi-asset trading industry that you were always afraid to ask. You can Call us or simply leave your details and we will get back to you shortly. In using this website you are deemed to have read and agreed to the following terms and conditions: Privacy Statement We are committed to protecting your privacy.

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Finance Magnates Newsletter Insights, breaking news, market analysis and articles delivered to your inbox daily. Bloomberg Share this article. We were certainly not aware of any Ponzi-type activity, and would never endorse it. Got a news tip? Let Us Know Found a mistake? Notify of new replies to this comment. So someone could invest money into a business without thorough research and investigation. Well I am not moved by those who claim to be Pastors because as a church secretary on whose table church budgets pass through, I have seen ministers padding budgets to wet and sustain their lifestyle and when I complained, nothing came out of it.

Is the Pastor going to refund all the money, where will he get the already spent part to repay. Sign up for our newsletter and get all the hottest news in your inbox daily. I would also like to receive business enhancing offers and promotions. Be it a typo or a factual error - we do our best but we are also human! Do let us know and we'd be happy to check ourselves and fix if necessary.


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