This is a travel stand so don't expect great stability. It's light as a feather and fits in your gigbag which is great. At first use and glance, I like this one better than the Hercules travel stand (sorry Hercules), but we'll see which one wins in time. I punched my guitar lightly whilst on the stand to see if it would resist and it does, it moves around a bit and wobbles but the guitar stays safe.
It's good for both acoustic and electric.