ACY Securities Review 2024
Website: www.acy.com
Min. Deposit: US$ 50
Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: ASIC, VFSC
Headquarters: Australia
Founded: 2013
Regulatory Licenses:
- ACY Securities Pty Ltd - authorized by ASIC (Australia) registration no. ABN: 80 150 565 781 AFSL: 403863
- ACY Capital Australia Limited - authorized by VFSC (Vanuatu) registration no. 012868
Updated on January 19, 2024
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Our comprehensive review methodology for forex brokers involves a detailed analysis of key factors that contribute to a broker's overall performance and reliability. We evaluate brokers based on their regulatory status, the diversity of their trading instruments, platform functionality, customer support quality, educational resources, fees, spreads, and commissions. In our quest to provide an unbiased and thorough review, we compare ACY Securities against a benchmark of over 1000 brokers, considering user testimonials, expert opinions, and industry standards.
ACY Securities stands as a prominent Forex and CFD broker headquartered in Australia, catering to a wide range of clients including both novice and experienced traders, retail or corporate. The broker's services encompass a broad spectrum of financial instruments such as forex, shares, indices, commodities, ETFs, and precious metals. ACY Securities prides itself on offering a user-friendly online trading platform that grants clients worldwide access to real-time market data, technical analysis tools, and direct trade execution capabilities. With additional offices in Shanghai and Shenzhen, China, ACY Securities ensures efficient customer service. The broker operates on a No Dealing Desk model, guaranteeing trades are executed without dealer intervention, providing real-time prices with tight spreads, high speeds, and low latency.
ACY Securities Pros and Cons ▲
Pros
Offers a seamless and comprehensive trading experience with competitive spreads
Convenient digital account opening process
Provides topnotch educational resources
Multiple trading platforms available for customized trading approaches
Cons
Limited to FX and CFDs in terms of instruments
No 24/7 customer support
Education section could benefit from better organization
Is ACY Securities safe or a scam? ▲
ACY Securities is recognized as a safe and legitimate broker, primarily due to its authorization and regulation by the Australian Securities and Investments Commission (ASIC). This regulatory oversight ensures ACY Securities adheres to strict standards of conduct and professionalism, instilling confidence in clients about the quality of services and protection of their interests. Despite its credibility, it's important to note that ACY Securities also operates an offshore entity in Vanuatu, known as ACY Capital. While this enables global service provision, it introduces certain risks and challenges. Consequently, we advocate for trading under highly regulated and secure entities.
ACY Securities Review Summary in 10 Points ▲
Headquarters: Australia
Regulation: ASIC, VFSC
Platforms: MT4, MT5
Instruments: Forex, Gold and Silver CFDs, Index CFDs, Oil or Gas CFDs
EUR/USD Spread: 0.8 pips
Demo Account: Provided
Minimum deposit: US$50
Base currencies: AUD, USD
Education: Extensive educational department
Customer Support: 24/5
Overall ACY Securities Ranking ▲
Upon thorough evaluation, our experts have expressed satisfaction with ACY Securities' offerings, highlighting its favorable conditions and secure trading environment. The broker's wide range of instruments with ultra-low spreads, coupled with excellent platform choices, positions it as a top contender in the global market. As a result, ACY Securities achieves an overall ranking of 7.9 out of 5.0, a commendable score when compared against over 1000 brokers.
Is ACY Securities Regulated? ▲
Yes, ACY Securities operates under the regulatory jurisdiction of the Australian Securities and Investments Commission (ASIC), with registration number AFSL 403863. This compliance underscores ACY's dedication to high operational standards and client protection. Additionally, ACY Securities extends its services globally through its ACY Capital entity in Vanuatu, an offshore jurisdiction. While this facilitates international operations, it's crucial to understand the associated risks and prefer trading with strictly regulated brokers for enhanced security.
ACY Securities adopts rigorous measures to safeguard client funds, including holding them in segregated accounts with tier-one banks. This segregation ensures the funds are exclusively used for intended trading activities. The broker not only adheres to strict operational and payment policies but also offers Professional Indemnity Insurance up to 2.5M$ per claim, further enhancing client trust. Despite these protections, the presence of an offshore entity necessitates a cautious approach due to inherent risks and challenges in such jurisdictions.
Financial leverage is a critical tool in the arsenal of forex traders, allowing them to amplify their investment potential using borrowed funds. ACY Securities, a renowned brokerage firm, enables traders to engage in leveraged trading, offering the opportunity to significantly increase potential returns. The levels of leverage accessible to traders vary based on several factors including jurisdiction, the type of asset being traded, and the specific account type held by the trader. For clients under ASIC regulation, ACY Securities caps the maximum leverage for forex instruments at 1:30. However, for traders dealing with ACY Securities’ international entity, more aggressive leverage options such as 1:200, 1:400, or even 1:500 are available. While leveraging can indeed boost potential gains, it is vital for traders to understand the associated risks and employ leverage with caution and prudence.
Trading costs are an essential consideration for every investor. ACY Securities structures its fees across a spectrum of aspects, including spreads, commissions, and additional charges. The brokerage delineates its fees based on the account type a trader holds, the instruments traded, and the volume of trades executed. It is imperative for traders to fully comprehend all the fees tied to their brokerage account to make informed trading decisions. ACY Securities is commended for its fee structure, scoring an 8.1 out of 5 in our comprehensive review which spans over 1000 brokers. This ranking reflects the brokerage's competitive pricing and fee transparency. Prospective traders are advised to consult the broker’s official website or reach out to the support team for detailed information on trading fees. Additionally, it is crucial to account for rollover or overnight fees, which are incurred when positions are held for more than a day.
Spreads are another vital factor in the cost equation for traders. ACY Securities excels in offering competitive spreads across a wide range of trading instruments. For example, the average spread for EUR/USD stands at 0.8 pips, while commodities like gold and oil enjoy super-tight spreads of 0.20 USD and 0.025 USD, respectively. These attractive spreads are made possible through ACY Securities’ ECN/STP execution model, ensuring traders face truly competitive costs.
ACY Securities caters to a diverse clientele by offering three distinct account types, each designed to meet the specific needs of different traders. Traders can choose between a Standard account, which operates on a spreads-only basis, and the ProZero and Bespoke accounts, which include commissions for more competitive pricing. These account types are differentiated not only by their pricing structure but also by their deposit requirements and the technology they utilize. Additionally, ACY Securities offers MAM or PAMM accounts for corporate clients or managers, facilitating efficient management of multiple accounts through an MT4 platform. This flexibility allows for intelligent allocation and streamlined trading performance management.
For novice traders, ACY Securities provides a valuable learning tool in the form of a demo account. This account comes equipped with virtual funds, enabling beginners to hone their trading strategies without the risk of losing real money. The demo account is an excellent way for traders to familiarize themselves with the platform and test various trading approaches before committing to live trading.
ACY Securities boasts an extensive range of trading instruments, including over 40 currency pairs, shares, precious metals, index CFDs, ETFs, commodities, and cryptocurrencies CFDs. The broker's ECN/STP execution model ensures commission-free trading with ultra-low spreads, making it an attractive option for traders seeking cost-effective trading conditions. However, it is important to note that the trading offer is exclusively based on CFDs and FX. ACY Securities' trading instrument range is highly regarded, with a ranking of 8 out of 5 in our review, based on offering a comprehensive assortment of FX and CFDs under favorable conditions.
Educational and Analytical Support ▲
ACY Securities places a strong emphasis on supporting its clients through a robust educational department. The broker has been recognized with awards for its comprehensive educational offerings, which include daily market analysis videos, market news, customizable courses, and a variety of advanced educational tools. These resources are designed to enhance traders' knowledge and skills, contributing to their overall trading success.
In the realm of technological advancements within forex companies, ACY Securities stands out by anchoring itself with industry giants MetaTrader4 and its advanced counterpart MetaTrader5. MetaTrader4, renowned for offering an unparalleled trading experience, includes features such as one-click trading, support for automatic trading systems through Expert Advisors (EAs), risk management tools, and a suite of powerful functionalities. The quality and range of ACY Securities' platforms have been rated at 7.9 out of 5.0, after comparing with over 1000 other brokers. The selection between MetaTrader’s classic and enhanced versions is generally viewed as favorable. However, traders seeking platforms with more advanced features might find the options limited.
The platform excels in delivering a real-time trading experience, particularly through MetaTrader4's acclaimed charting capabilities and the provision of free technical indicators, facilitating a variety of trading strategies with real-time price quotes. Traders can access the platform via desktop, web versions, or mobile applications, catering to different preferences. Additionally, ACY Securities embraces MetaTrader5, which introduces further sophisticated tools for enhancing trading performance and offers competitive conditions for various trading strategies. Notably, ACY Securities periodically hosts contests and competitions, offering traders opportunities to refine their skills, engage in the community, and win valuable prizes. Details of ongoing contests can be found on the official website.
ACY Securities is committed to providing exceptional customer support to assist clients with any inquiries or issues encountered on the platform. Support is delivered through various channels including email, live chat, and telephone, with availability subject to location and time. The broker’s customer support has been assessed with a score of 8.0 out of 5.0, based on our evaluations. Compared to other brokers, ACY Securities offers some of the fastest and most insightful responses, and is easily reachable during business hours. However, the provision of multilingual support is lacking.
ACY Securities dedicates resources to educating its clients on financial markets and trading skills enhancement. The educational offerings cover a broad spectrum, including trading guides, tutorials, webinars, online courses, market analysis, research reports, economic calendar updates, and news. Despite the high-quality educational materials provided, the organization of the educational section could be improved by introducing a feature for sorting content based on the trader's skill level. The education services of ACY Securities have been given a score of 7.8 out of 5.0, reflecting the quality and scope of materials available; however, better categorization could enhance the user experience.
Deposits and Withdrawal Methods ▲
ACY Securities supports a variety of payment options for account funding, including credit/debit cards, Fasapay/Duko Wallet, Skrill, China Union Pay, and Bank Transfers (including Internet Banking Transfer). The broker simplifies account management through its CLOUDHUB client portal, which offers a range of services to both retail and corporate clients, enabling performance monitoring, transaction execution, and access to statistical data. The funding methods of ACY Securities are rated as Excellent, with an overall score of 8.0 out of 5.0. The minimum deposit requirement is notably lower than the industry average, and transaction fees are minimal or non-existent, further allowing traders to benefit from various account-based currencies.
The minimum deposit requirement at ACY Securities is $50, which may vary according to the chosen account type. This is significantly lower than the typical $500 minimum deposit required by most other brokers. Withdrawals at ACY Securities can be initiated anytime, with the broker not imposing fees for account funding via bank transfer. However, international transfers incur a $25 USD service charge per withdrawal, and Skrill withdrawals are subject to a 3% merchant fee, although up to three free withdrawals per month are permitted for local bank transfers within Australia.
After thorough evaluation and expert analysis, ACY Securities is recognized as a commendable broker and a client-focused online trading provider. Being regulated by ASIC, there is no doubt regarding its legal compliance and reliability. The broker has developed an extensive educational program with a high level of expertise, although improvements in content categorization based on skill level are recommended. STP trading access, competitive market offerings, and the allowance of various strategies through modest spreads further emphasize its appeal. ACY Securities is recommended for traders across all levels of expertise, and is particularly suitable for activities such as stock CFDs trading, algorithmic trading, copy trading, hedging, scalping, trading with the MetaTrader suite, currency and CFD trading, and accommodating multiple strategies. Additional benefits include free VPS and support for EA trading.
