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| Pros | Cons |
|---|---|
| Forex ECN accounts offered | Requires a minimum deposit of $100 |
| Commission-free trading accounts available | Limited product offerings |
| Competitive spreads | |
| 24/7 multilingual customer support |
Traders’ Viewpoint
- ACY Securities was founded in Sydney in 2011. It is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). In its short life to date, it has won a number of awards including the Australian Best Forex Broker awarded by the Global Financial Market Review.
- ACY Securities offers its clients over 63 tradable assets in Forex, Crypto and CFDs. Forex traders can get access to around 42 currency pairs, including all majors and some exotics. In addition, it has five cryptos (Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin), 12 equity indices in CFD form, and a number of commodities, including Gold, Silver, Platinum and Palladium as well as some energy assets, like crude oil and natural gas.
- ACY Securities utilises the globally recognised MetaTrader MT4 and MT5 platform that can be operated on Desktop, Web and Mobile for Android and iOS. This platform appeals to both beginner and experienced traders. The platform delivers access to over 40 different technical indicators and charting tools. There is a fully functioning demo process that uses historical data to simulate live markets. Traders will be required to register and make a minimum deposit in order to access the demo account.
ACY Securities offers three types of accounts, entitled stpECN, ZeroECN and PureECN. The initial minimum deposit for the entry-level, stpECN account is USD100, ZeroECN is USD2,000, and PureECN requires a deposit of USD20,000.
ACY Securities fees, spreads and commission are competitive. The commission per Round Turn for the ZeroECN account is $6 per lot while that of the PureECN account is $5 per lot. The Per Round Turn refers to every time a position is opened and closed. ACY Securities provides minimum spreads of 0 pips for the two types of accounts. Within Australia, there are no withdrawal fees, whilst International withdrawals attract a flat fee of USD25. The typical spread for the EUR/USD pair when trading with the stpECN account is 1.0 pip.
ACY Securities has a helpful educational resource for all types of traders. This is delivered through written guides, videos, a free e-book covering the basic principles of trading and regular webinars. There is also a range of structured courses from introductory to advanced tutorials. A live economic calendar is available on the ACY platform.
Being regulated by the ASIC will give prospective clients of ACY Securities a lot of comfort. There is a segregated bank account with HSBC Bank or the Commonwealth Bank of Australia. ACY Securities are also compliant to the Australian Privacy Act of 1988. This is in line with the EU General Data Protection Regulation (GDPR).
ACY Securities is a relatively new online broker on the global stage. It does not have a full suite of markets for traders to access, but it does have an attractive trading cost framework. The broker offers a well known and liked MetaTrader platform that is backed by a multiline goal 24 hour, 5 day customer support. The broker is not available in some countries like the United States, Belgium, and France.
About ACY Securities
ACY Securities is a premier broker founded in 2011 in Sydney, Australia. The broker offers multiple trading products in forex, crypto and CFDs. ACY Securities operates internationally and has offices in Sydney, China, Taiwan, and Malaysia. This broker is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Since inception, ACY securities has won various awards including the Australian Best Forex Broker award by the Global Financial Market Review and the Best Forex Broker award issued at the International Business Summit Malaysia. ACY Securities require a minimum deposit of $100.
We find this broker to be beginner-friendly and to provide adequate trading resources for both beginner and experienced traders. Opening a trading account with ACY Securities is quite straightforward. You will need to verify your identity and current address to use this broker.
Who Does ACY Securities Appeal To?
ACY Securities appeal to both beginner and experienced traders. For beginner traders, this broker provides a fully functional demo that relies on historical data to simulate real market events. You do not have to make a deposit to access the demo account. Most brokers require users to register and deposit the minimum amount to access the demo account.
Beginner traders who choose ACY Securities also enjoy comprehensive tutorials for free. Moreover, the trader is assigned a dedicated account manager to help them familiarise with the trading platform and master the basic principles of trading. This broker also offers social trading to enable beginners to trade without the fear of failure.
Experienced traders, on the other hand, enjoy a variety of resources, including webinars on the latest industry developments. Traders also have access to a variety of advanced trading courses. ACY Securities offer special trading conditions for experienced traders through the ZeroECN and PureECN accounts. This broker also provides a Fund Managers program to support traders who trade on behalf of their clients.
ACY Securities require a minimum deposit of $100 which may be unaffordable for some beginner traders. This broker is available in English, Mandarin, Indonesian, Spanish, Italian, Arabic, Portuguese, Russian, Bengali, Punjabi, Japanese, German, Cantonese, and Korean.
ACY Securities Account Types
ACY Securities offers three types of accounts, namely stpECN, ZeroECN, and PureECN. The initial minimum deposit for the stpECN account is $100 while that of the ZeroECN and PureECN is $2000 and $20,000 respectively. Each account type has its distinct features and advantages. The stpECN account is ideal for beginner traders, while the ZeroECN and the PureECN are ideal for experienced traders.
Traders who choose the stpECN account enjoy competitive spreads and commission-free trading. The minimum spread for the EUR/USD pair when trading with this account is 1.0 pip. This is extremely low when compared with the industry average of 1.7 Pips.
ZeroECN and PureECN accounts have a minimum spread of 0 pips for the same pair, but there are commissions attached to them. The commission per round turn for the ZeroECN account is $6 per lot while that of the PureECN account is $5 per lot. All the account types offered by this broker have the USD, EUR, AUD, GBP, NZD, JPY, and CAD as the base currencies.
Moreover, ACY Securities offer flexible leverage of 1:50, 1:100, 1:200, and 1:500 for all types of accounts. This means that traders have an option to select the leverage that suits their experience level and risk tolerance.
Markets and Territories Covered by ACY Securities
ACY Securities is an international broker headquartered in Australia and with offices in Sydney, China, Taiwan, and Malaysia. This broker is not available in a few select countries, including the United States, Belgium, and France.
As mentioned earlier, ACY Securities is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). ASIC is a highly reputable broker and hence an assurance of this broker’s commitment to protecting its clients.
ACY Securities target market includes non-English speaking countries. This explains why its platforms and customer service are available in over 15 languages.
ACY Securities Instruments and Spreads
ACY Securities offers over 63 tradable assets revolving around forex, crypto and CFDs. Forex traders can access around 42 ECN pairs including all the majors, some minors, and a few exotics. As explained earlier, this broker provides competitive spreads starting from as low as 0 pips for the ZeroECN and PureECN accounts. The average spread for the EUR/USD pair on the stpECN account is 1.0 pip.
ACY Securities also provides CFDs on 5 cryptos, 12 indices, 2 energies, and 2 precious metals. The cryptocurrency CFDs include the USD against Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin. Crypto CFDs enable traders to speculate on both the rising and falling prices through strategies such as short selling. The leverage for trading crypto CFDs with this broker is 25:1.
Regarding CFDs on indices, this broker provides access to major offerings such as the S&P 500, FTSE, the Dow Jones, Dax, Nasdaq, Euro Stoxx, Hong Kong 50, China A50, Nikkei, and the S&P ASX 200. ACY Securities offers most global indices at a leverage of 100:1. The indices CFDs can also be traded short or long which means that traders have an opportunity to earn in both the rising and falling prices.
ACY Securities precious metals CFDs offerings include Gold, Silver, Platinum, and Palladium all paired against the USD. Traders can select a leverage of up to 1:500 when trading these metals. Precious metals are known to be highly volatile, and it is therefore prudent for beginner traders to choose low leverage when trading them. Other commodities CFDs offered by this broker include crude oil and natural gas.
The spreads for these commodities are also highly competitive. For instance, the spread for the WTI starts from as low as $0.015 for the ZeroECN account.
ACY Securities Fees and Commissions
ACY Securities charges commissions for the ZeroECN and PureECN accounts. As mentioned earlier, the commission per Round Turn for the ZeroECN account is $6 per lot while that of the PureECN account is $5 per lot. For the record, the Per Round Turn refers to every time a position is opened and closed. ACY Securities provides minimum spreads of 0 pips for the two types of accounts.
Furthermore, this broker does not charge any withdrawal fees for transactions within Australia. However, traders may incur a cost if they make more than three withdrawals per month. International withdrawals attract a flat fee of $25. A merchant fee of up to 3% of the withdrawn amount may be incurred for withdrawals via Skrill.
Moreover, rollover fees may be incurred for positions left open overnight. Rollover fees occur when the currency on sale has a high interest than the one which is being bought. You should ensure that you close all your positions by the end of the day to avoid incurring these fees.
ACY Securities Trading Platforms review
ACY Securities trading platforms include the MT4 and the MT5, desktop and web version. The MT4 is the most popular trading platform on the market today and comes with a variety of features to ensure a seamless trading experience.
ACY Securities MT4 trader is fully customisable, meaning that the trader can adjust their dashboard and create their trading templates, profiles, and order tickets. The MT4 is accessible through desktop, mobile, and tablet versions.
With the ACY Securities MT4, traders have access to over 40 different technical indicators and a variety of charting tools. Moreover, they can also access instant live quotes on over 40 currency pairs, precious metals, and energies. The MT4 also supports Expert Advisor (EA) strategies and has a reputation for speedy execution.
The desktop version of the MT4 software is compatible with Windows, Mac, and Linux OS. Moreover, it does not take a lot of hard space or computing power. Traders who do not prefer installing software on their computers can go with the web-version. All the functions found in the desktop version are also available in the web-version.
Most of the tools that come with the ACY Securities trading platforms are free, but there are a few from third parties that are offered at a fee.
Mobile Trading with ACY Securities
ACY Securities provides a mobile trading platform for Android and IOS devices. Traders can download the MT4 app on Google Play and App Store for free and connect it to ACY Securities. The mobile trader is highly intuitive and comes with nearly all the features found in the web and desktop versions.
Traders can trade all the provided asset classes through the mobile app. Some of the features found in the mobile trader include over 40 technical indicators and drawing tools, multiple order functionality, a news feed, history of trades, and interactive symbol charts.
Social Trading with ACY Securities
ACY Securities MT4 comes with features that make it possible for users to copy the trades of successful traders. Copy-trading enables both the beginner and experienced traders to trade successfully without having to invest a lot of time in research.
Crypto and ACY Securities
As mentioned earlier, ACY Securities crypto offerings include CFDs on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple, all against the USD. Traders can access these crypto CFDs through the MT4 either on the desktop trader, the web-trader, or the mobile trader. ACY Securities offers a leverage 25:1, which means that traders can take positions worth 25 times their capital.
CFDs on crypto trading apply the short-selling strategy and hence make it possible for traders to make money in both the rising and falling markets. With the plummeting crypto marketing, crypto CFDs trading is attracting a large number of speculators.
The ACY Securities provides users with risk management tools such as the Stop Loss and Take Profit to help users take advantage of the high and unpredictable crypto volatility. It is easier and less risky to trade CFDs on crypto rather than buying the asset directly.
ACY Securities Charting and Tools
ACY Securities provides users with a variety of charting and drawing tools. These include those that come with the MT4 and the ones provided by third parties. Most are free, but there are a few that come at a fee.
One of the most popular charting tools is the autochartist. This software identifies charting patterns using technical indicators such as the Fibonacci retracements.
Learn to Trade with ACY Securities
ACY Securities provides a comprehensive educational resource centre for both the beginner and experienced traders. The educational materials are offered through written guides, videos, e-Books, and regular webinars. Also available is a regularly updated blog and a news portal. Most of these resources are available for free to registered traders.
Moreover, this broker offers well-structured courses ranging from introductory to advanced tutorials. There are also trading contests to help traders challenge themselves and improve their skills. Some of these contests provide awards of up to $150,000. While beginner traders compete through a demo account, experienced traders use real money.
ACY Securities offers free live webinars every week. There is a webinar calendar on their website to help users plan. Furthermore, the recordings of past webinars are accessible on their site. As mentioned above, this broker also provides video tutorials covering different basic and advanced topics.
Also worth mentioning, when a trader registers with this broker, they receive a free e-Book covering the basic principles of trading. The topics include the importance of partnering with the right broker, a snapshot of the forex industry, the basics of fundamental and technical analysis, risk management, and how George Soros Broke the Bank of England.
ACY Securities also provides a regularly updated economic calendar to help traders prepare for upcoming market events. The calendar indicates the importance of the event and the expected outcome. Furthermore, traders can get quick answers to their questions by visiting the ACY Securities FAQ page. The page is comprehensive and well arranged for easy navigation.
Is ACY Securities Regulated?
ACY Securities is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). ASIC regulated brokers are considered to be one of the best in the industry, given its stringent regulatory approach.
For instance, the regulator requires all its brokers to have at least AUD 1 million in operating capital. This requirement ensures that the broker can wither market events and high volatility without going bankrupt. Moreover, the regulator requires brokers to segregate clients’ funds and show a high degree of transparency by submitting periodic audit reports.
ACY Securities has a segregated bank account with HSBC Bank or Commonwealth Bank of Australia. Furthermore, the broker is a member of the Australian Financial Complaints Authority, an external dispute resolution scheme for consumers who fail to resolve complaints with member financial services institutions.
ACY Securities is also compliant to the Australian Privacy Act 1988. This act stipulates how organisations collect, use, disclose, and protect its users’ personal information. The privacy policy is in line with the EU General Data Protection Regulation (GDPR).
How to Open ACY Securities Account
Opening an account with ACY Securities is quite straightforward. The process involves visiting the broker’s website and clicking the register button. Beginner traders have an option of registering a 30-day MT4 demo account with $50,000 in virtual money. The ACY Securities demo account relies on historical data and hence simulates real market events.
Traders can register a live personal or corporate trading account. The first step involves submitting a name, email, and phone number. A phone number verification is needed to proceed. The verification process involves providing a code sent through SMS. In the next step, traders are asked to submit more personal details and verify their identity and address.
Users must submit a government ID for identity verification and the latest bill with current address for proof of residence. This verification process is mandatory with all well-regulated brokers. Authorities in most jurisdictions require all financial institutions to adhere to strict Know Your Customer (KYC) measures in a bid to avoid money laundering.
After ID verification, the trader can go ahead and make a minimum deposit of $100. ACY Securities accept deposits through Wire Transfer, Credit and Debit Cards, Skrill, PayPal, Doku Wallet, and China Union Pay. There are no charges for deposits within Australia, but a small fee may be incurred for deposits from outside. Likewise, withdrawals can be made through the methods stated above and may incur charges as explained earlier.
Customer Support Provided by ACY Securities
ACY Securities provide multilingual 24/5 customer support. As mentioned earlier, the services are available in English, Mandarin, Russian, Korean, Italian, Indonesian, Portuguese, Arabic, Bengali, Punjabi, Japanese, German, and Cantonese.
Traders can reach this broker through phone, email, or live chat. They can also visit their offices in Sydney, Taiwan, Malaysia, and China.
ACY Securities customer service appears to be friendly and knowledgeable. Moreover, they respond to live chat and calls almost instantly. Emails can take up to three days to get a reply.
ACY Securities Review Conclusion
ACY Securities is a less costly and highly efficient broker for forex and CFDs trading. This broker offers competitive spreads starting from as low as zero pips. The typical spread for the EUR/USD pair when trading with the stpECN account is 1.0 pip. This broker offers both the MT4 and MT5 trading platforms in desktop, web, and mobile app version.
ACY Securities is regulated by the ASIC, one of the world-leading regulatory body. Moreover, this broker has proper measures in place to protect users’ data.
ACY Securities FAQs
How can I open a demo account with ACY Securities?
You do not need to deposit to access the ACY Securities demo account. Click the register button on their homepage and choose the demo account. You will be asked to fill the registration form after which you will be able to access the demo account.
Is ACY Securities a regulated broker?
ACY Securities is regulated by the Australian Securities and Investment Commission (ASIC). This regulatory body is among the most reputable across the globe.
What are the deposit options for ACY Securities?
ACY Securities accept deposits via debit and credit cards, wire transfer, and Skrill. Deposits from financial institutions within Australia are free. International deposits attract a $25 fee.
How do I withdraw money from ACY Securities?
ACY Securities allow withdrawals through Wire Transfer and Skrill. It takes up to 2 business days to facilitate withdrawals.
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