ACY Securities, a popular forex broker, was launched in 2013 in Melbourne, Australia. The brokerage platform offers services including Forex trading, professional forex market education, up-to-date analysis, and personal trading training.
In 2014, the company relocated its headquarters to Sydney and formed a collaboration with OANDA, the world’s fifth-largest forex company.
The firm’s transfer to Sydney also marked the start of its international expansion, with offices soon opening in China and other Asian countries. In addition, the company acquired major Australian forex dealer SynergyFX in 2018, and its customer base grew globally.
The company focuses on technology and offers a wide range of trading products, including FX, equities, indices, crypto, ETFs, and commodities. And has been renamed ACY Securities with a clear and simple logo.
The broker is a no-dealing-desk (NDD) ECN broker that offers zero-spread accounts. ACY Securities takes advantage of interbank liquidity from 16 of the world’s largest banks and financial institutions.
Is ACY Securities A Scam?
ACY Securities is a privately held firm based in Chatswood, Australia, New South Wales. The Australian Securities and Investments Commission (AFSL 403863) licenses and regulates ACY Securities Pty Ltd (‘ACY AU’) and the Vanuatu Financial Services Commission (‘ACY LTD’) licenses and regulates ACY Capital Australia Limited (‘ACY LTD’) (VFSC 012868).
Both ACY AU and ACY LTD trade under the name ACY Securities. ACY AU is responsible for all Australian clients, whereas ACY LTD is responsible for international customers subject to local laws and regulations.
Client monies are maintained in segregated accounts with the Commonwealth Bank of Australia and the HSBC Bank, both of which are AAA-rated institutions.
Segregated accounts are a legal obligation, and records must be kept and examined regularly to assure full compliance. The FSG and PDS for ACY Securities are available upon request or registration.
Trading Account Types
ACY Securities offer three different account kinds, each catering to different traders. Each type has access to leverage rates as high as 1:500, though this varies by location. Accounts can be opened in USD, AUD, EUR, GBP, NZD, CAD, or JPY with a minimum trading volume of 0.01 lot. All the account types are listed below:
A $50 minimum deposit is required for the standard account. The spreads on this account are changeable, but a typical major currency pair like EUR/USD starts at one pip. Standard accounts have no commissions because fees are included in the spread.
The minimum deposit for this ACY Securities account type is $200, and spreads can be as low as 0.0 pips.
Bespoke Accounts are designed for professional traders who deal in large volumes. Spreads start at 0.0 pips, and the minimum deposit is $10,000.
ACY Securities offer customer service and can change your account to a swap-free Islamic account if you contact them. Swap-free accounts are halal (not haram) and Sharia-compliant. Only the Standard account type allows for swap-free trading.
Demo accounts are a terrific method to hone your skills, whether you want to learn how to use the platform or test out some trading ideas without risk warning. According to our research, ACY Securities offers a test account with $100,000 in virtual funds. This account will expire in 30 days, but you can upgrade to a real account at any time.
Open Account with ACY Securities?
Open a trading account with this most popular trading platform with the help of the given easy steps:
Open An Account– On the top right-hand corner of the webpage, click the “Open An Account” button. After that, you’ll be asked to choose your country and account type.
Verify Your Account– You’ll need to fill out a six-page registration form and provide any necessary identification documents.
Fund Your Account– To fund your account, you can use various methods.
Begin Trading– Start with equities, FX, commodities, exchange-traded funds (ETFs), or cryptocurrencies.
ACY Securities use the MetaTrader 4 and MetaTrader 5 popular trading platforms. Millions of traders use MT4 and MT5, optimized for desktop, web, and mobile platforms. The MetaTrader app is available for Android (APK) and Apple (iOS) devices.
Because of its extensive set of features and built-in tools and its customizable and user-friendly architecture, the MetaTrader platform is frequently utilized.
Multiple order kinds, including up to four pending orders, are supported by MT4. Lines, bars, and candlesticks are among the 24 analytical tools and 30 inbuilt technical indicators and chart styles available to users. Over nine timeframes, all trading tools can be seen.
MT5 is the successor to MT4, and it offers global stocks, more chart time frames, more order types, more technical indicators, depth of market (DOM) level II pricing, a built-in economic calendar, and a multi-currency strategy tester, among other features.
Many companies only offer proprietary software, which is frequently clumsy, slow, and underdeveloped. However, because traders worldwide recognize and trust MetaTrader platforms, ACY Securities chooses to work with them.
Tradable Financial Instruments
CFDs on over 1,600 different trading instruments are available through ACY Securities, including FX, metals, indices, commodities, cryptocurrencies, ETFs, and equities:
The New York Exchange (NYSE), the Nasdaq Exchange, and the Australian Stock Exchange offer over 800 global equities to MT5 customers (ASX). Apple, Amazon, BHP, Commonwealth Bank, and many others.
An ETF (Exchange-Traded Fund) is a financial product that monitors the performance of the top corporations in a certain industry, such as oil, technology, or energy. The ACY Securities platform offers over 75 ETF CFDs, including stock index, commodities, and industry ETFs.
The foreign exchange market is one of the world’s largest and most liquid financial markets. Users of ACY Securities can trade CFDs on more than 60 currency pairs, including majors such as EUR/USD, USD/JPY, and GBP/USD, and crosses such as EUR/GBP and EUR/JPY and commodity currencies.
Due to their continual presence in our daily lives, commodities are one of the most popular trade products in the world. You can trade various commodities at ACY Securities, including crude oil, natural gas, and precious metals.
A stock index CFD tracks the price movement of all the shares that make up the index. The S&P500 index, for example, is made up of the top 500 publicly traded corporations in the United States. The S&P500 index fluctuates in tandem with the performance of each of these companies. You can trade the S&P 500, Dow Jones, Nasdaq, Dax, FTSE, Euro Stoxx, Hong Kong 50, Nikkei, China A50, and the S&P ASX 200 with ACY Securities.
You may trade CFDs on the top nine cryptocurrencies against the US dollar with ACY Securities. Bitcoin, Ripple, Ethereum, Litecoin, and Bitcoin Cash are examples of this.
Commission and Fees Charged
- ACY Securities offer competitive, variable spreads determined by the kind of account, assets, and market conditions.
- Spreads on ProZero and Bespoke accounts can be as low as 0.0 pips, while Standard accounts might have spread as high as 2-3 pips.
- Standard accounts have no commission because fees are already factored into the spread.
- For currency and commodities, you should expect to pay a fee of USD 6/ AUD 8.5 per full lot round turn with a ProZero account and USD 5/ AUD 7 with a Bespoke account.
- On indexes and cryptocurrencies, there is no commission.
- ACY Securities offers fee-free withdrawals up to three times per month within Australia. A USD 25 fee will be charged for any subsequent transactions.
- You will be charged a USD 25 service fee for each withdrawal if your receiving bank is located outside of Australia.
- Skrill will levy a 3% merchant fee on each withdrawal.
- Deposits are also free for Australians, although overseas users may be charged for international bank transactions.
Leverage can help you stretch your money further. You can expand your position size and exposure to any potential profits by borrowing money from your broker, but your losses will also be increased.
According to ACY Securities, depending on the account type and location, leverage options can reach 1:500. The following are typical leverage limits:
- Cryptocurrencies – 1:2
- Stocks – 1:5
- Forex – 1:30
- Indices – 1:20
- Commodities – 1:10
- Precious Metals – 1:20
- ETFs – 1:5
Payment Methods: Deposits and Withdrawal
To serve its international clientele, ACY Securities offers several payment options. Deposits can be made using the following methods:
- Wire transfers
- Credit cards
- Debit cards
- Doku Wallet
- Perfect Money
- China UnionPay
Log in to your client interface, go to “Cash Management,” and then “Deposit.” As previously stated, ACY Securities has no minimum deposit fees, albeit foreign bank transfers may entail fees. Bank wire transfers take two to three days, and card withdrawals take three to five days.
Withdrawals are made through the Client Portal by submitting a withdrawal request (Cloud Hub). Withdrawals made before 14:00 AEST will be processed the same day.
After 14:00 AEST, requests may not be handled until the next working day. The acy.cloud client site allows you to withdraw funds to your credit card.
Users can make three free withdrawals per month to Australian banks. However, a USD 25 service charge will be applied to any subsequent withdrawals or withdrawals to international banks. Skrill will also levy a 3% merchant fee on each withdrawal.
Customer Support Team
ACY Securities’ customer support service is available 24 hours a day, five days a week, and is well-trained and quick to respond. In addition, you can reach out to the firm via phone, email, or live chat, situated in the lower right corner of the website.
The customer service representatives were courteous, helpful, and patient. ACY Securities is also on Facebook, Twitter, Instagram, LinkedIn, and YouTube.
- Live Chat Support
- Email: [email protected]
- Taiwan Telephone: 02 5594 4927
- Australian Telephone: 1300 729 171
- International Telephone: +61 2 9188 2999
- China Mainland Telephone: 950 4059 5638
Education Support System
ACY Securities has a dedicated education platform with various forex learning resources for traders of all experience levels. Market research, webinars, market news, forex e-books, and other premium trading tools, including over 60 forex trading lessons, are available.
Pros and Cons
There are a lot of benefits of investments with this trading platform and drawbacks as well. take a look at all the benefits and drawbacks:
- Regulated broker
- Wide range of tradable financial products
- Comprehensive training portal to trade foreign exchange
- Crypto trading platform
- MT4 and MT5 Accessible
- High leverages
- Islamic trading accounts
- ECN market access
- Demo trading account
- Financial incentives
- Only trading CFDs are accessible
- Payment Methods charges are high
ACY Securities is a well-known, regulated broker with a strong track record. The company has developed to deliver a high degree of service to clients worldwide after quickly gaining recognition in Australia and winning multiple awards.
ACY Securities has a wide choice of assets to choose from, with over 1,600 tradable goods and good educational materials, and ECN market access. On the other hand, clients outside of Australia may view the fees on foreign withdrawals to be a disadvantage.
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