ACY Securities Review 2023
With a full suite of resources to help you grow as a trader and a choice of over 2200 instruments to diversify your portfolio, ACY Securities might be the right broker for you. ACY Securities is committed to helping traders get the best trading experience.
In this post, we reviewed the company’s brokerage services, examining its regulations, platforms, global access, registration, account options, leverage, trading fees, customer support, education, and reputation.
Regulation and Security
ACY Securities offers various security features to protect traders and ensure the optimum safety of their funds. The broker is regulated in multiple jurisdictions as follows:
- In Australia, ACY Securities Pty Ltd (‘ACY AU’) is licensed and regulated by the Australian Securities and Investments Commission (AFSL 403863).
- In Vanuatu, ACY Capital Australia Limited (‘ACY LTD’) is licensed and regulated by the Vanuatu Financial Services Commission (VFSC 012868).
ACY Securities is a trading name of ACY AU and ACY LTD. All Australian residents are onboarded with ACY AU. Non-Australians may be onboarded with ACY LTD subject to local laws or regulations. If you are looking to sign up with ACY, you should connect with their customer care to discuss your eligibility.
Negative Balance Protection
This is a safety mechanism to ensure no client is responsible for paying back a negative balance when margin calls and stop outs do not function correctly. With this, you can’t lose more than you invested and won’t end up owing the broker.
ACY Securities keeps clients’ funds in fully segregated client trust accounts held at Commonwealth Bank. Client funds are kept separate from ACY company funds. In the unlikely event that ACY were to become insolvent, the funds will not be used to pay back creditors.
Is ACY Securities available worldwide?
Operating from Australia and Vanuatu, ACY Securities offers its brokerage services to Australian residents and traders from other parts of the globe where the use of their services would not be contrary to local laws and regulations.
ACY Securities provides traders with the MetaTrader 4 (MT4) platform, an advanced trading platform that was launched in 2005 by MetaQuotes. The platform is highly customizable and offers traders a wide range of features, including automated trading and access to trade over 110 CFDs, across Forex, Indices, and Commodities.
It is considered the world’s most popular Forex trading platform, used by millions of traders who need a quality platform combined with deep liquidity feeds. The platform is available as a desktop application for Mac and Windows computers, a web-trading terminal, and a mobile app for smart mobile devices.
In addition to MT4, the broker provides traders with the MT5 trading platform. MetaTrader 5 is the new and improved version of MT4. Not only is MT5 faster and more powerful than MT4, but it also offers access to other assets, such as stocks. It offers a true multi-asset trading experience.
The platform features 21 timeframes, nine chart types, and more trading tools, including fundamental analysis tools like the economic calendar and news forecast. It also has a new order type (the stop limit order), a display of market depth, free professional charting tools, and more indicators (80+).
Its powerful but user-friendly interface is easier to navigate and offers more features, advanced trading tools, superior support, and total control of your trades for an enhanced trading experience. Get the best start to your efficient trading of the markets with one of the world’s most innovative and popular trading platforms. It is available in desktop, web, and mobile versions. The desktop application is compatible with Mac and Windows computers.
In addition to the desktop platforms, ACY Securities also offer traders the mobile apps of the MT4 and MT5 platforms, which can be used on iPhones, iPad, Android, or Windows system devices.
Traders worldwide can now access live streaming charts and trade dozens of global markets via the MT4 and MT5 apps. By downloading the MT4 App, you get instant live quotes, and you can take positions in 62 currency pairs, including the Forex Majors. Index CFDs, Precious Metals, and Commodity CFDs are also available to trade.
You can easily download the apps from the relevant app stores to access your trading accounts and check trading positions on the go.
Other trading tools
The broker also provides traders with some other helpful trading tools, including the following:
The Capitalise.ai trading tool allows you to automate your trading without knowing how to code. It allows traders to leave emotional trading out of the game, never miss another trading opportunity, and always get out at the right time. Traders can quickly analyze with backtesting and simulated trading strategies using freestyle text to improve their performance and make informed trading decisions.
Capitalise.ai monitors market data, technical indicators & macroeconomics 24/7, so you don’t have to. From managing your daily trades to building complex automated systems. You can signup to Capitalise.ai and connect your ACY Securities trading account via a secured API connection.
ACY Securities have a growing selection of scripts and indicators which you can apply to your MT4 or MT5 platform to improve your trading experience.
Signal Start is a professional copy service. It caters to the needs of those who don’t know how to trade or have time to analyze the market. The service is fully hosted and allows you to copy trades from a large selection of signal providers in a few minutes.
ACY Securities offers three account types: the Standard account, ProZero account, and Bespoke account. You can find the required documents and comparision for each account type by clicking here.
The Standard account is best suited for beginners; it has a minimum deposit requirement of $50. It allows clients to trade multiple financial instruments on the MT4 and MT5 trading platforms. The spreads start from 1.0 pip for EUR/USD, and leverage of up to 1:500 is available. Zero commissions are charged on all trades.
The ProZero has a minimum deposit requirement of $200. It allows clients to trade multiple financial instruments on the MT4 and MT5 trading platforms. It has tight spreads that start from 0.0 pips but charges commission fees of $3 per lot per side on all trades. There is leverage of up to 1:500, and the limit for a single trade size is 0.01-60 lots.
With a minimum opening deposit of $10,000, the Bespoke account is for traders with deep pockets. The account offers tight spreads that start from 0.0 pips, low commission fees of $2.5 per lot side, and leverage of up to 1:500.
Muslim traders who don’t want to pay or receive swap fees can open a swap-free Standard account.
To open a trading account with ACY Securities, click the “Open an Account” button at the top right corner of the broker’s website. You will be directed to the online application page, where you will be required to key in your name; provide your email, phone number, and date of birth; and create a password, as you can see in the form below:
After completing the form, click the “Register” button to submit. The broker will require you to submit your means of identification (a government-issued ID) and proof of address (a utility bill or bank statement not more than three months old) to verify your account.
Deposit and Withdrawals
ACY Securities allows traders to deposit and withdraw funds to and from their online trading accounts using the following secure payment options: Wire Transfer (Local and International), Credit Card and Debit Card, Skrill, Doku Wallet, China Union Pay, and more.
Due to anti-money laundering regulations worldwide, deposits and withdrawals must be made from and paid to the same person as the trading account holder. No third-party payments are allowed.
The transaction fees vary with the payment methods, and some of the methods may not be available in your particular country. So, you have to contact the support team for more details.
ACY Securities provides traders with over 1000 financial instruments across different asset classes, including forex, indices, shares, commodities, precious metals, and ETFs. The multiple trading instruments allow you to diversify your portfolio to limit risks.
Commissions and Fees
ACY Securities’s trading fees include spreads, commissions, and swap charges. There are no commission charges on the Standard account. The ProZero account charges a commission fee of $3 per lot per side, while the Bespoke account charges a commission of $2.5 per lot side. The spreads on the Standard account start from 1.0 pips, while those of the ProZero and Bespoke accounts start from 0.0 pips.
Leverage enables you to increase your position size by borrowing from the broker, but while it helps you increase your potential profits, it can also magnify losses if misused. ACY Securities offers a leverage of up to 1:500 on all the live trading accounts.
Analysis and Education
The broker provides traders with a good selection of educational resources, such as market analysis, learning articles, ebooks, FAQs, and market news that keeps traders up-to-date with the latest happenings in the financial markets. You can access some of the resources by clicking here.
ACY Securities provides clients with a responsive client support team who are available 24/5 to respond to their general, technical, and account-based inquiries. The support team can be reached via various contact channels, including live chat, email (support@ACY.com), and telephone (Australia: 1300 729 171, International: +61 2 9188 2999, China mainland: 167 4049 5509, Taiwan: 02 5594 4927). You can also request a callback from their contact page or reach them via social media channels — Twitter, Facebook, or Instagram.
Reputation amongst Traders
The broker has received many positive reviews on multiple trading forums and websites. On Trustpilot, for example, it got 4.4 out of 5 based on 138 reviews. Many traders praised the broker for its responsive support team.
Over the years, ACY Securities has received a few awards from some of the forex industry’s most respected awarding bodies, including the World Finance, Technology Era, Internation Business Summit, and FX168 Brokers Billboard.
Can beginners trade with ACY Securities?
Beginners can easily trade with ACY Securities since the broker provides some training resources and offers a demo account to help new traders get familiarized with its trading platforms. Moreover, a minimum deposit of $50 is beginner friendly.
ACY Securities is a regulated online trading broker that offers a full suite of resources to help you grow as a trader. You have a choice of over 1000 instruments to diversify your portfolio. The broker provides a good selection of educational resources and the popular MT4 and MT5 platforms. However, if you are not a resident of Australia, you will probably trade with a VFSC (Vanuatu)-regulated affiliate, rather than the ASIC-regulated broker.