ACML

ACML (operating as ACML Capital Markets Limited) is a stockbroker registered in India, founded on 28 June 2019 (with roots dating back to 2000 according to its website). The firm is based in Ahmedabad, Gujarat, and offers trading in equities, derivatives (F&O), and currency derivatives through Indian exchanges. It also functions as a depository participant with NSDL and CDSL.

Our records indicate that ACML is unregulated—no financial regulatory authority such as SEBI is on file. However, the broker’s website claims membership with BSE, NSE, and MCX, which are exchange-level registrations under SEBI’s oversight. This discrepancy is notable: while the broker operates under exchange rules, direct SEBI registration as a stockbroker is required. Traders should verify the current regulatory status independently.

ACML provides a range of trading services including equity cash, futures and options, and currency derivatives. It offers a mobile trading app named ACML TRADE for order placement and account management. The broker highlights risk disclosures, particularly that a majority of individual traders in F&O incur losses, as per SEBI data.

There is no evidence that ACML offers retail forex or CFD trading with leverage, which distinguishes it from typical forex brokers. Its core business is Indian securities and derivatives, with a focus on domestic traders. Currency derivatives are limited to exchange-traded pairs (likely USD/INR, EUR/INR, etc.), not spot forex.

The broker’s website does not detail specific account tiers or minimum deposits publicly. Fee structures appear in a Demat tariff sheet, with charges for annual maintenance and transaction costs. Clients are provided with a unique trading account and demat account for holding securities.

Potential clients should contact ACML directly for current account opening requirements, margin policies, and brokerage rates. The absence of transparent fee schedules online adds a layer of caution for prospective traders.

ACML’s regulatory status is ambiguous. Our files list no regulators, while the broker claims exchange memberships that imply SEBI oversight. Under Indian law, all stockbrokers must be registered with SEBI and be members of a recognized stock exchange. If ACML is indeed an NSE/BSE member, it should have a SEBI registration number. We did not verify this independently; traders should confirm on SEBI’s website.

The FXCanary Scam Risk Score for ACML is 46/100 (Guarded), reflecting the unclear regulatory picture and limited transparent information. While the broker has been in operation for several years and has a physical presence in Ahmedabad, the lack of a clear regulatory license elevates risk. We advise traders to exercise caution and verify credentials before funding an account.

ACML appears primarily targeted at Indian residents interested in trading equities, derivatives, and currency futures. Its services are not aimed at international forex or CFD traders. The broker’s ties to Ahmedabad Stock Exchange lineage suggest a regional focus, though it serves clients across India via its online platform.

For traders seeking a regulated broker with a clear licence and robust investor protection, ACML may not be suitable due to its unlisted regulatory status. It is more appropriate for experienced local traders who can independently verify the broker’s exchange memberships and compliance.