ACM Brokers,a financial trading brokerage, first in West Africa has wishes to inform our esteemed clients that starting February 1, 2019 it will pay interest on cash balances to clients with a minimum of $1000 of net assets(cash) in their ACM securities/trading accounts.
Client accounts that have a Net Asset Value (NAV) of $1000 or more (or the equivalent value in other currencies(NGN)) will begin to receive credit interest on cash in their securities accounts, which includes long settled cash balances and short stock collateral values.
"None of our competitors has ever done this, in fact they pay no interest at-all to clients with cash in their accounts, large or small At ACM Brokers, we want to prove to our clients that we have their interest at heart and that we are willing to support them in their quest of achieving a stable income
Accounts with NAV of less than $1000 will not receive interest. Interests would be paid at rates proportional to the size of the account. For example, an account with an NAV of $50,000 would earn credit interest at a rate of 10% at the end of 12 months which would amount to an interest of 0.8333 monthly on each accounts.
In addition to paying clients competitive interest on cash balances, ACM Brokers is also known for charging extremely low commissions to invest in forex, metals, futures and crypto-currencies.