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ACY Securities Review & Rating 2023
Visit ACY SecuritiesRead this ACY Securities review before opening your account. Is this a reliable Forex broker? Find out more with our AtoZ Markets Forex broker review of ACY Securities.
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Overview
Company
ACY Securities is a fast growing, multi-asset online brokerage firm. This Australian Forex broker offers cutting-edge technology, superior and affordable services.
The key pillars of ACY Securities with which it operates are transparency, technology and customer service. It has a strong track record of excellent customer services and high standards.
The company values honesty, transparency, and a commitment to providing the best possible business experience with multiple opportunities.
Their servers offer ultra-fast order execution with liquidity from 16 reputable banks around the world. It increases execution speed by approximately 78%, offers up to 46 liquidity providers, and handles over 10,000 quote updates per minute.
ACY Securities, which is part of the ACY Capital Group, was founded in Melbourne Australia. The company focuses on cutting-edge technology to help traders achieve trading success.
Moves its headquarters to Sydney during 2014 and begins to expand globally. Later that year he partners with OANDA, the fifth largest forex company in the world. Starts offering forex services, including up-to-date forex analysis and forex trading training.
In 2015, ACY Securities expands to Shanghai and serves clients in the Greater China region. Launches the MetaTrader 4 web version, also in 2015.
ACY Securities Awards
Over the past few years, ACY Securities has received numerous awards and recognitions. These awards demonstrate the company's commitment to providing a competitive trading environment and strong customer support.
Some of these awards and recognitions include:
- 2018 - At the International Business Summit in Malaysia, she was awarded the title of "Best Forex Broker".
- 2018 – At the FinExpo Traders Fair 2018 in Malaysia, she was awarded the “Platinum Sponsor Diploma”.
- 2018 - Named "China's Most Influential Financial Institution" by Voice Mook 2018 (first half).
- 2017 - Awarded by China Financial Online as "Influential Forex Broker".
- 2016 - Voted 'Best Investor Education Broker' by FX168 ACY Securities by Billboard.
PROS
- ASIC and VFSC regulated
- Segregated client funds.
- Commission-free trading accounts.
- 24/5 customer support.
- MT4 and MT5 available.
CONS:
- USA clients not accepted.
Trust
The company's commitment to empowering its customers extends to its financial regulation. Adheres to strict compliance procedures, reporting guidelines, and security of client funds.
ACY Securities ensures that client funds are protected. Client funds are held in separate accounts, separate from company funds. In the unlikely event that the company defaults on its financial obligations or liquidation, client funds cannot be used.
As part of ACY Securities' requirements under the ASG RG126 Regulatory Guide, it has partnered with Aon and provides Professional Indemnity Insurance to all its clients. Claims liability coverage can be up to $2,500,000.
Trading Platform
The trading platform facilitates direct access to trading markets around the world, typically forex, CFDs, and futures. It allows traders to make informed decisions, protect client funds, and offer historical data and forecasts, trends, and patterns.
ACY Securities traders can use some of the most popular trading platforms in the world. Access to the MetaTrader 4 and MetaTrader 5 platforms is possible from one account.
Features and benefits of the MetaTrader 4 platform:
- Customizable
- Comfortable
- 50 pre-installed technical indicators
- Trading Strategy Testing Tool
- Historical data by time intervals
- Price Alerts
- Multilingual Help Desk
- One click trading
- Pending, stop orders and trailing stops
- Identifying Trends
- 9 different time slots
- Available on desktop, Android and iOS
Features and benefits of the MetaTrader 5 platform:
- Customizable
- Comfortable
- Multi-active trading
- Price alerts and trailing stops
- One click trading
- Multilingual Help Desk
- Advanced trading strategy testing tool
- Netting and hedging modes available
- Analysis of both short-term and long-term trends
- 21 time slots
- 8 types of orders
- Numerous built-in indicators and analytical objects
- financial news
- Economic calendar
- Available on desktop, Android and iOS
A screenshot of the broker’s trading platform can be found below:
Markets, products, and instruments
Numerous products and market instruments are available for traders to invest in. The more diverse the trader's portfolio, the less risk. Most brokers offer their traders a wide range of market instruments, which may include the following:
Forex:
The foreign exchange market, also known as Forex, is the most liquid market in the world. An average of $5 trillion is traded daily, making it the largest market by volume.
Indices:
Index trading includes a group of global stock markets such as Nasdaq, FTSE, German DAX, AEX, etc. These indices are measured by the value of certain sections of the stock market.
Commodities:
Commodity markets consist of a sector of the economy of commodities such as oil and gas, metals, and agricultural products. Usually, this is trading in futures and buying or selling a number of instruments.
CFDs:
CFD (Contract for Difference) trading involves speculating on prices in the global financial markets, which may include currencies, stocks, commodities, and indices.
ETF:
As with conventional funds, an ETF (Exchange-Traded Fund) is an investment fund that is traded on the stock markets. It has assets (bonds, commodities, stocks, etc.) and can be traded like conventional funds.
ACY Securities provides its clients with the opportunity to trade a wide range of financial products in the world's largest and most recognizable markets. Some of them include:
Currency pairs:
ACY Securities offers clients the opportunity to trade multiple currency pairs. Traders have 24-hour access to the international forex market with low transaction costs and transparency.
Main: NZD/USD, EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD as well as USD/JPY
EUR crosses: EUR/GBP, EUR/JPY, EUR/CHF and GBP/JPY
Main commodity currencies: Australian dollar, Canadian dollar, New Zealand dollar
Indices:
With this popular trading option, ACY Securities traders have access to over 10 index CFDs in the Australian, European, and US markets. The company offers leveraged index trading, and traders have the option to trade both long and short hours.
Cryptocurrencies:
Cryptocurrencies are digital assets used through the exchange of monetary tokens such as bitcoins. This type of trading usually involves price action speculation through CFDs. Cryptocurrency is popular among fund managers and among professional traders. Offers leveraged trading, great technology and accessibility, long or short trading hours, and no need for wallets.
Precious metals:
With ACY Securities, traders have access to a wide range of precious metals trading options.
Traders have direct access to commodity markets and borrowed capital up to 1:500. This trading option offers low trading costs, high liquidity and a trading environment without trade management.
Offshore Chinese Yuan:
The total amount of RMB inflows and outflows (all RMB liquidated, sold and settled abroad) is represented by offshore RMB (CNH). This is a great trading option as China's economy is growing rapidly and influencing markets all over the world.
Offshore RMB (CNH) is funded by the People's Bank of China as well as the Hong Kong Monetary Authority. Investors around the world use the CNH currency to trade in China. Usually, this currency is stable in the long run.
Account Types
ACY Securities, like all forex brokers, offers its clients various trading accounts that are used to trade the offered market instruments.
Traders can open an account, deposit funds in their country's currency, and then hold, buy or sell the foreign currency.
Types of accounts and their features
ACY Securities offers traders a variety of account types, each with its own features and benefits such as low minimum deposits, flexibility, high liquidity, and low trading costs.
Features and benefits of the STP ECN trading account:
- Initial minimum deposit: $50
- Minimum deposit: $50
- Minimum trading volume: 0.01 lots
- Swap free account
- No Dealing Desk
- Currencies: USD, AUD, EUR, GBP, NZD, CAD, JPY
- 1 on 1 service
- Available market analysis
- No fees on deposits
Features and benefits of the zero ECN trading account:
- Initial minimum deposit: $2,000
- Minimum deposit: $100
- Minimum trading volume: 0.01 lots
- Currencies: USD, AUD, EUR, GBP, NZD, CAD, JPY
- 1 on 1 service
- Lowest trading costs
- Best Execution for Large Traders
- Market analysis
- Deep Liquidity
- No fees on deposits
Features and benefits of a pure ECN trading account:
- Initial minimum deposit: $20,000
- Minimum deposit: $100
- Minimum trading volume: 0.01 lots
- Currencies: USD, AUD, EUR, GBP, JPY, NZD, CAD
- 1 on 1 service
- Access to the company's global fiber-optic network.
- Tight spreads
- Low latency execution
- Market analysis
- No fees on deposits
For those traders who would like to practice Forex trading, gain knowledge about the markets and various trading strategies, and learn how the platforms work before opening a real account, ACY Securities also offers a free demo account with virtual funds.
Cryptocurrency
ACY Securities offers 9 Cryptocurrencies CFD with leverage.
Costs
Forex brokers make money by charging a commission on every trade or spread. Commissions are the fees that a trader pays to a broker for processing a transaction and they mainly depend on the instrument and account type.
Spreads are the difference between the buy price (what a trader gets for selling) and the sell price (what a trader pays for buying). Spreads can be variable or fixed, depending on market movements such as interest rates.
For overnight positions, in some cases brokers charge rollovers, also known as swap fees. These fees depend on the difference in interest rates between the currency pair traded in the open position.
ACY Securities charges commissions and spreads depending on the account type:
STP ECN accounts
- Commission: no
- Spreads: from 0.8 pips
Zero ECN accounts
- Commissions: $6 per lot
- Spreads: from 0 pips
Pure ECN accounts
- Commissions: $5 per lot
- Spreads: from 0 pips
Borrowed capital
Borrowed capital is the capital that the broker provides to the trader for the potential increase in funds, the ratio of the trader's capital to the size of the broker's loan. Simply put, if a trader has 500 EUR in the account, the amount of 50,000 EUR can be controlled with a leverage of 1:100.
While leveraged capital is a great opportunity to raise cash, traders should also be aware that the risks are higher. Regulated companies must comply with certain rules and regulations regarding the proposed leverage ratio.
ACY Securities offers a leverage ratio at the rate permitted by the Australian Securities and Investments Commission.
Debt ratio – 1:50, 1:100, 1:200, 1:500
This leverage ratio is offered on all three ECN accounts. Professional traders may have access to higher leverage ratios.
Deposit & Withdrawals options
ACY Securities offers its clients several financing options. To deposit or request a withdrawal, simply log into the company's customer portal, navigate to Cloud Hub, and select your preferred options.
The following financing options are available:
Credit and debit cards include:
- MasterCard
- Visa
Electronic wallets include:
- Skrill
- Duko Wallet
Local and international transfers include:
- China Union Pay
- Bank wire
Withdrawal requests are usually processed within 1-2 business days. Bank transfers can take up to 2 business days and card withdrawals up to 5 business days. Payments to third parties are not allowed.
The company does not charge commission for deposits, but banking institutions may charge customers for international deposits and withdrawals.
There are three free withdrawals per month to local deposits, after which customers will be charged $25 per transfer. For international withdrawals via Skrill, 3% of the transaction amount is charged for each withdrawal.
Bonus & Promotions
Some brokers offer bonuses as a way of welcoming or reimbursing clients for trading with that particular broker. These rewards are usually carried out through cashback programs, refer-a-friend programs or gift certificates.
At this stage, ACY Securities does not offer any bonuses.
Customer Support
A good, easily accessible support team is essential for any trader to help you make important trading decisions with minimal risk.
ACY Securities has a team of multilingual professionals who are available 24 hours a day, 5 days a week to help traders with questions and concerns.
Traders can contact the company's support team via live chat, social media, email, phone, or directly leave a message on the company's website.
Address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067, Australia
Phone:
- International: +61 2 9188 2999
- Taiwan: 02 5594 4927
Email: support@acy.com
Social:
- Youtube
Research
Thorough market research is essential to a profitable trading experience. Analysis is used by traders to identify trends, understand market drivers, price movements, short and long term resistance and values.
Most brokers provide research tools to help traders explore the markets they are interested in, make informed trading decisions and minimize risk.
Through the company's research tools, ACY Securities traders have access to important updates aimed at helping traders make informed trading decisions. These include new trends, market news and analytics, real-time data, and more.
The company also has a blog, an economic calendar, and numerous tutorials and videos covering important trading topics. Other research tools include real-time market reviews, trading calculators, and chart analysis.
Trader Education
Most brokers provide educational and training tools to help traders understand how to use charts and platforms, understand how the markets work, how to build strategies, analyze currency pairs and the associated risks.
- ACY Securities prioritizes training its traders in Forex trading. To understand forex trading in general, traders have access to a wide range of educational and training tools:
- Trading competition: a great opportunity to learn how to build trust and a way to gain experience
- Seminars/Webinars: Provides a solid foundation to support traders and help you understand the forex market
- Market Blog: Covers global news events and market reports
- E-book: to improve trading performance
- Economic calendar: covers global economic events and indicators
- Trading Course: Provides important detailed insights into trading
- How to trade currencies: strengthening knowledge about trading in general
Regulation
It is important for potential traders to do thorough research before deciding which broker to trade with.
When trading forex by a company that is regulated in the countries where it offers its services, it automatically protects clients because the company is required to comply with certain rules and regulations.
Regulators ensure safe trading conditions such as segregated client funds and best trading practices.
So, is ACY Securities regulated?
Yes, ACY Securities is regulated by the Australian Securities and Investments Commission (ASIC) (AFSL: 403863) and the Vanuatu Financial Services Commission (VFSC: 012868). Both bodies are government bodies that protect investors by enforcing financial services laws. This means that ACY Securities is safe.
Furthermore, client funds are held in segregated accounts as required by regulation. ACY Securities also has a partnership with Aon, which provides all clients with professional liability insurance up to $2,500,000.
Conclusion
ACY Securities is an award-winning company. It is well regulated by reliable authorities and complies with all rules and regulations regarding a safe trading environment such as segregation of client funds and client insurance.
This ACY Securities review also shows that the company offers a reliable and professional customer support service, as well as excellent training and educational tools aimed at satisfying all customer needs and providing a favorable learning environment.
Super-fast order execution, popular trading platforms, a large selection of accounts, and a wide range of market instruments are available to ensure that traders with different levels of experience and trading styles can trade with this company.
Frequently asked questions
How many instruments can I trade with ACY Securities?
ACY Securities offers a variety of instruments in the following markets:
- forex
- precious metals
- indices
- products
- cryptocurrencies
- offshore Chinese yuan
What trading platforms does ACY Securities offer?
- ACY Securities offers the following trading platforms:
- MetaTrader4
- MetaTrader5
Does ACY Securities offer debt capital?
Yes, ACY Securities offers leverage ratios up to 1:500, depending on the value of the instrument.
What spreads can I expect with ACY Securities?
ACY Securities offers variable spreads depending on account type and instruments. You can expect spreads from 0 pips depending on the type of account.
Does ACY Securities charge a fee?
Yes, ACY Securities charges fees on its zero ECN and pure ECN accounts. The commission fee depends on the instrument but usually starts from $5.
Is ACY Securities regulated?
Yes, ACY Securities is registered with the Australian Securities and Investments Commission (ASIC).
Is ACY Securities a recommended Forex broker for experts and beginners?
Yes, ACY Securities offers user-friendly platforms, numerous products, account types with low minimum deposits, and a variety of learning tools that are suitable for beginners and professional traders alike.
What is AtoZ Markets' overall rating out of 10 for ACY Securities?
8/10
What is the difference between a demo and a real trading account?
With a real trading account, traders deposit and trade real money with real profits and losses. The demo account allows traders to trade in a simulated, risk-free trading environment with virtual money, with no profit or loss.
Does ACY Securities offer a demo account?
Yes.
Can I transfer my demo account with ACY Securities to a real trading account?
No, if you want to open a real account, follow a few simple steps and fill out an online application on the company's website.
What live trading accounts does ACY Securities offer?
ACY Securities offers many different accounts, each with its own features and benefits:
- STP ECN account – offers No Dealing Desk and swap free trading
- Zero ECN account – offers the lowest trading cost and best execution, ideal for large traders
- Pure ECN account – offers tight spreads and low latency, ideal for professional traders
What deposit currencies are available for a live trading account?
USD, AUD, EUR, GBP, NZD, CAD and JPY
What is the minimum investment amount at ACY Securities?
The minimum investment for one account in STP ECN is $50.
How can I deposit and withdraw funds with ACY Securities?
ACY Securities provides several deposit and withdrawal options. Simply follow the selected options on the company's website in the Deposit and Withdrawal section. The following financing options are available:
- Mastercard
- Visa
- Skrill
- Duko Wallet
- China Union Pay
- Bank wire
Does ACY Securities charge a withdrawal fee?
There is a $25 fee for international withdrawals
Skrill charges a 3% merchant fee for every withdrawal
The first three local transfers are free, after which a $25 fee applies.
How long does it take to withdraw funds?
Withdrawal requests are processed on the same day if received before 14:00 GMT, otherwise, they can only be requested on the next business day.