You are right, the bad reviews were for ACM not for ACM FX but I will not open a live account with ACM FX until it is regulated by FCA.
It might be a good idea for GTP to make its signal available for subscription so traders that have live trading accounts with other brokers can still copy your signals instead of GTP Ltd relying only on income obtained from profit share.
We understand that for retail traders a retail license is important as you don't that your broker trade against you and you are not secured by the government.
GTP is not a signal provider but we are money mangers for investors and if you let investors copy your trades or accounts anybody can offer our service and we do the work and we don't get paid.
Profit share is the most honest way for a investor and this way there is no conflict of interest.
We work with a MAM system this is the best that all account holders get exact same trades and risk management so the result is the exact same as you cna see the one account on MyFxbook.
You can only work with a MAM system if you have all clients by one and the same broker and we choose ACM FX as this broker is set up for money mangers and not retail traders, there for they give us institutional spreads and execution and not retail spreads what makes a big different in results and our investors care more about the results.
Most our investors have accounts above 100k and there for they are not covered anyway by any license back up government broker, as this is maximum till 50k per person.
We only place one trade per day with 15 pips stops and 25 pips profit target and we never hold our traders longer than 8 hours, if we would show our open traders then anybody can copy our trades for free.
All closed trades are show in the live account verified track record and you will receive every day from the MT4 account a daily statement with your trades
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.