ACM GOLD and FOREX TRADING HAS OFFICES IN 17 COUNTRIES.
ACM Gold and Forex Trading is steadily expanding throughout Africa by way of providing game changing solutions to its traders. Whether it's presenting a diverse array of payment options through couchers and local currency trading in novel products or offering superb customer support ACM Gold and Forex Trading is the go-to broker for all traders. ACM Gold's strength lies in having a strong physical presence around the globe with a vision of making the forex world accessible for all with simplicity and transparency.
Having introduced its latest forex education and webinar series ACM Gold is certainly at the top of its game with experienced and novice traders.
Since its inception in 2005 ACM Gold and Forex Trading is committed to providing market leading services based on fair and transparent prices accessible technology and exceptional back office support for online forex trading. With physical offices in 17 countries and more than 40000 clients in 106 countries ACM Gold and Forex Trading Pty is the go-to broker for all traders.
PAGE: YOUR SUCCESS STORY HAS SET AN EXAMPLE FOR UPCOMING YOUNG ENTREPRENEURS WOULD YOU LIKE TO SUGGEST HOW THE PAKISTANI COMPANIES CAN IMPROVE BUSINESS OPERATIONS
IRFAN: The world goes digital and the companies around the globe are moving on applications. If you want to know about a company and its products then you can access the desired company in fraction of seconds by using a smart phone. We believe on technology-based work. Most of the companies engaged in online trading to fast the pace of work and to save valuable time. But still many companies in many countries of the world are engaged in conventional trading which requires more efforts and time. Unluckily many companies in Pakistan are still engaged in conventional trading which could be one of the reasons behind the low performance as compare to other companies which were shifted to online trading. ACM Gold and Forex Trading Pty is making applications for many companies functioning in other countries.
Currently we have orders of more than 1000 companies of the world and we are making applications for them. For instance the companies feel uncomfortable while investing in the Karachi Stock Exchange (KSE) as they do not know the basic technique. If they learn the art of buying and selling then they can compete with the leading shareholders. ACM Gold and Forex Trading Pty also provides the facilities to some companies who want to do business online.
PAGE: THE CUTTING EDGE IT INDUSTRY GRADUALLY TAKING ITS ROOTS IN PAKISTAN WELL WOULD YOU LIKE TO COMMENT ON GROWTH OF SOFTWARE INDUSTRY IN PAKISTAN
IRFAN: The Industry of Information and Technology in Pakistan is growing with each passing day but the pace of growth is much low as compare to neighboring countries. For instance we are at a stage where India was standing 20 years ago in this industry. They focused IT sector and create new avenue of jobs for their youth. This is exactly what I want from the Pakistani government. I believe that we can create more than 8000 jobs for our youth by focusing on IT sector. We have educated youth but we need to train them. ACM Gold and Forex Trading Pty has decided to gather small entrepreneur of the IT sector. We will hold moot in some parts of the world and took these entrepreneurs there for training.
PAGE: RECENTLY THE GOVERNMENT HAS INTRODUCED 3G AND 4G SERVICES IN PAKISTAN WOULD YOU LIKE TO COMMENT ON THIS NEW DEVELOPMENT IN THE TELECOM SECTOR OF PAKISTAN
IRFAN: The launch of 3G and 4G services in Pakistan would see a vast increase in online forex and commodities trading as traders will have faster Internet connection allowing them easier access to market news and trends; an extremely important tool for forex traders. The number of mobile phone users in Pakistan is huge and most people are utilizing advanced services for their personal and financial needs however there is a great need for apps related to forex and gold trading similar to the developed countries that facilitate traders and enhance their participation in the business. Trading in futures has also increased in Pakistan after more traders have become aware of commodity instruments and the ability to hedge their real assets through the use of futures contracts for longer term investments. We are extremely pleased that traders will now have the opportunity to trade more easily and faster and we are ready to assist all our clients with their online trading needs.
PAGE: SUCCESS IS ALWAYS INSPIRING FOR OTHERS WOULD YOU LIKE TO SHARE YOUR JOURNEY TO THE SUCCESS
IRFAN: I was a student of O Levels when my father came under debt. I started a job in 1998 to meet the educational expenses. Due to shortage of funds I have requested the school board to allow me to finish A Levels in one year instead of the customary two. In 2001 London School of Economics (LSE) accepted me as a student but I have to travel through Uganda to get in as the British consulate in Pakistan is closed because of 9/11 bombings. During 2001 to 2004 I work 40 hours a week at Starbucks to meet the educational expenses. Then I have joined a boutique investment house and learn to specialize. I came back to Pakistan in 2005 due to family debt and by the end of 2005 I left for London to launch ACM in partnership with Global Traders. In 2006 Global network goes bankrupt but in the meanwhile it allows ACM to network its network. In 2006 ACM starts a number of firsts to their industry slashes the sales and marketing budget and employees three cooks.
Turnover goes from $80000 to $1 million. In 2007 and 2008 I have opened offices in Cyprus and Dubai. In 2009 ACM Gold have 277 offices in Pakistan and in 2013 the company consolidated its offices. By grace of Allah the Almighty ACM is functional in 17 countries around the globe and have 3000 brokers.
PAGE: HOW YOU MANAGE SMALL BUSINESS AT THE START
IRFAN: I have started ACM Gold in a small office located at the city's busiest road in Karachi back in 2005. At that time we have very limited resources and the company has limited resources to meet our monthly expenses. To run a business with limited resources is a difficult task but we planned a small structure to deliver quality services. Initially we have hired youth at comparatively low salaries at the start and as the company starts receiving response from the market we expanded our operation and increase the salaries of employees. Now ACM Gold and Forex Trading Pty is functional in 17 countries around the globe. The company has 3000 brokers and employed 1200 people at its offices in the world.
PAGE: THERE IS A FACTOR OF BRAIN DRAIN ON OUR ECONOMIC FRONT HOW TO MANAGE THIS SHORTCOMING
IRFAN: I believe that the workforce of any institution play key role in the success. This is what exactly happened to ACM Gold and Forex Trading Pty. At the start we have very small number of workforce but we manage the manpower accordingly. In many countries the companies usually do not work round the clock but ACM Gold and Forex Trading Pty set 24/7 working trend there. Our offices remain open 24 hours a day and we can accommodate our customers in any part of the day. This turns possible because of energetic people working for our company.
PAGE: YOUR COMPANY'S ROLE IN ENCOURAGING YOUNG PAKISTANI GRADUATES
IRFAN: If you look into the structure of ACM Gold and Forex Trading Pty then you will come to know that the company has a lot of Pakistanis working for our company. Besides we hire Pakistanis and send them abroad to work for us. I personally believe that Pakistanis are much better than the applicants of other countries. So we prefer Pakistani youth for employment when the company announces vacancies.
PAGE: WHAT WOULD BE YOUR MESSAGE TO THE YOUNG ENTREPRENEURS
IRFAN: Though I don't think I am in a position to advise yet my humble suggestion to the youngsters is that they should focus on what seems to be the best. The best businesses are not matters of everything but they are specialists in one key area and invaluable to their clients as a result. Even big brands start small you don't need millions to launch a company. Make some strategic partnerships that everyone benefits from small start and be patient. Localization is everything. You can be a big multinational company but always take the current on the ground clients into account. Design business offering with the needs of clients in mind. Shift the business when the market changes and don't make assumptions. If your business allows build a network of re-sellers that believe in you and your products and help them achieve their goals.
If you want to get the best out of people then appreciate their efforts and give them a path to grow and prove themselves. I have a experience that if everything seems to be under control then you are not going fast enough.
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|Publication:||Pakistan & Gulf Economist|
|Date:||Feb 1, 2015|
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