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ACY Securities Review 2023

Updated:
4.4
Trust
4.2
Fees
4.5
Platforms and Tools
4.7
Customer Support
4.5
Tradable Instruments
4.2
Account Types and Terms
4.9
Deposit and Withdrawal
3.9
Research
4.3
Education
4.1

RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose. ACY Securities Pty Ltd ( AFSL: 403863) and ACY Capital Australia Limited (VFSC: 012868) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please Note: The ACY Securities review is based on a Standard Account, using the MetaTrader 5 desktop and mobile platforms opened with ACY Capital Australia Limited.

The Big Picture

Founded in 2011, ACY Securities is a multi-asset online CFD trading provider based in Sydney, Australia.

The company provides its services via two entities: ACY Securities Pty Ltd (ASIC) and ACY Capital Australia Limited (VFSC). We rate Australian Securities & Investments Commission (ASIC) as a Tier 1 regulator. Vanuatu Financial Services Commission (VFSC) is rated as a Tier 3 regulator.

The broker offers the highly popular MetaTrader 4 and MetaTrader 5 platforms. Traders have access to three types of accounts. Two of them are suitable for beginner traders, while the third type of account is for advanced traders.

ACY Securities offers many stocks, ETFs, commodities, and indices. There is also a sufficient number of options for deposits and withdrawals. Accounts may use seven base currencies, which is very convenient.

10 of ACY Securities Key Takeaways For 2022

  • We evaluated ACY Securities across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • ACY Securities received a high score in the Account Types category. The broker offers three types of accounts with multiple base currencies.
  • The broker got a high score in the Platforms and Tools category as it provides access to the highly popular MetaTrader 4 and MetaTrader 5 platforms.
  • The score in the Fees category was good due to the low fees for many instruments we measured.
  • ACY Securities received a good Customer Support score due to the support team’s quick and professional answers.
  • The score for Education and Research was decent thanks to solid research and educational support.
  • ACY Securities received an average score in the Tradable Instruments category as it provides a medium number of forex pairs.
  • The broker got an average score in the Trust and Stability category as it is regulated by Tier 1 and Tier 3 regulators.
  • The score in the Deposit and Withdrawal category was average due to withdrawal fees.
  • The broker offers good research and educational support which, in combination with the low minimum deposit, makes it a decent choice for beginner traders.
  • Advanced traders willing to contribute an initial deposit of more than $10,000 have access to lower commissions in the Bespoke Account.

Who is ACY Securities For?

ACY Securities offers three types of accounts suitable for both beginner and advanced traders. The Standard Account with a low minimum deposit and simple fee structure is pretty convenient for beginners. While advanced traders have access to lower commissions and tight spreads in the Bespoke Account which has a minimum initial deposit of $10,000. The broker’s offering is rich in the stock and ETF segment so traders interested in these instruments may want to take a closer look at ACY Securities.

ACY Securities Pros and Cons

Pros Cons
  • Plenty of instruments.
  • Low spreads for certain instruments.
  • ACY Securities Pty Ltd is regulated by a Tier 1 regulator.
  • Strong customer support.
  • Charge withdrawal fees.
  • ACY Capital Australia Limited is regulated by a Tier 3 regulator.

 

broker

RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose. ACY Securities Pty Ltd ( AFSL: 403863) and ACY Capital Australia Limited (VFSC: 012868) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only.

 

About the Author

Vladimir Zernov
Vladimir is an independent trader and analyst with over 10 years of experience in the financial markets. He is a specialist in stocks, futures, Forex, indices, and commodities areas using long-term positional trading and swing trading.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
ACY Securities Main Features
☑️
Regulations
ASIC (Australia), VFSC (Vanuatu)
🗺
Supported Languages
English, Spanish, French, Arabic, Japanese, Chinese, Tagalog, Vietnamese
💰
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Crypto
💵
Min Deposit
$50
💹
Max Leverage
1:30 (ASIC), 1:500 (VFSC)
🖥
Trading Desk Type
ECN, Market Maker, STP
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Check if...
unknownACY Securities accepts clients from your country:
Choose your country:

RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose. ACY Securities Pty Ltd ( AFSL: 403863) and ACY Capital Australia Limited (VFSC: 012868) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only.

ACY Securities Full Review

Trust

4.2
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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ACY Securities’ protection varies between different areas of jurisdictions. The broker received an average score in our rating as it is regulated by ASIC (Tier 1) as well as VFSC (Tier 3) regulators. Moreover, it has a high level of transparency so you can easily get access to information about the company.

ACY Securities Regulations

ACY Securities operates under two entities:

 ACY Capital Australia Limited record on VFSC

ACY Capital Australia Limited record on VFSC

Why is It Important to Know Where Your Broker Subsidiary Is Regulated?

Each regulator has its requirements for brokers, which may differ materially. Traders must understand these differences to evaluate whether the broker suits their needs.

In the ACY Securities case, most international traders will work with ACY Capital Australia Limited, which is regulated by VFSC, a Tier 3 regulator. Australian clients will work with ACY Securities Pty Ltd, which is regulated by ASIC, a Tier 1 regulator.

The broker holds clients’ funds in segregated accounts. The clients’ money is not mixed with the company’s money, which protects their funds in case the company has financial problems. In addition, ACY Securities provides negative balance protection to ensure that clients will not lose more money than they have in their accounts.

ACY Securities Pty Ltd and ACY Capital Australia Limited also have Professional Indemnity Insurance for their clients.

We have summarized key aspects of the broker’s entities in terms of regulation and safety in the table below:

Is ACY Securities Safe to Trade With?

ACY Securities has two entities. ACY Securities Pty Ltd is regulated by ASIC, a Tier 1 regulator, while ACY Capital Australia Limited is regulated by VFSC, a Tier 3 regulator. They hold their funds separately from the firms’ funds. In addition, they also provide negative balance protection. The segregation of the company’s funds from the client’s funds means that the broker cannot use them for its purposes, which increases the safety of the client’s funds. Negative balance protection ensures that clients cannot lose more money than they have in their accounts.

 Entity ACY Securities Pty Ltd ACY Capital Australia Limited
Country/Region ASIC (Australia) VFSC (Vanuatu)
Regulation Tier 1 Tier 3
Segregated Funds Yes Yes
Negative Balance Protection Yes Yes
Compensation Scheme No No
Standard Leverage Up to 1:30 Up to 1:500

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, how big the company is, and how transparent the broker is in terms of available information.

Talking about stability, the company has been in business for over 11 years and has a high number of employees. ACY Securities is not publicly traded and does not have a bank parent, which is a usual case for a broker.

Moreover, the broker got a high score in terms of fee structure transparency, regulation protection transparency, and general transparency making ACY Securities trustworthy.

Traders can find important information about the broker’s entities in a dedicated Regulations section of the company’s website.

The key documents can be found in the Terms & Agreements section of the site. Clients can also study the detailed FAQ which provides information on the most important topics.

In summary, our findings indicate that ACY Securities can be regarded as having a high level of trust and stability due to the following factors:

  • More than 11 years in business.
  • Regulated by Tier 1 and Tier 3 regulators.
  • Easy access to important information on the company’s website.

Fees

4.5
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

See More

ACY Securities received a high score in the Fees category in our rating offering low spreads and attractive swap rates for certain instruments.

ACY Securities Trading Fees

Traders should always evaluate broker’s trading fees as they have a direct impact on trading performance. For this review, we tested the ACY Securities Standard Account where the broker charges spreads and swap/rollover fees. Spreads are variable and depend on the liquidity situation in each instrument at a certain point in time.

ACY Securities Spreads

We tested the spreads on the ACY Securities Standard Account during the London open at 8 AM UK time and just after the US open at 2.45 PM UK time. These are the most actively traded times.

Instrument Live spread AM Live spread PM
EURUSD 0.9 0.8
GBPJPY 2.3 2.8
Gold (XAUUSD) 17 20
WTI Oil 0.07 0.07
DAX 30 4 2.8
Dow Jones 30 2.6 3.1
Apple n/a 0.02
Tesla n/a 0.24

ACY Securities offers low spreads for EUR/USD, Gold, Apple, and Tesla. Spreads for GBP/JPY, Dax, and Dow are medium, while spreads for WTI Oil are high.

Swap Fees

Instrument Swap Long Swap Short
EUR/USD -3.75 -0.34
GBP/JPY -2.24 -4.55

The swap fees for EUR/USD and GBP/JPY are low.

Are ACY Securities Trading Fees Good?

ACY Securities received a good score in the Fees category in our rating. The spreads we measured were attractive for some instruments, including EUR/USD, Gold, Apple, and Tesla. The spreads for WTI oil were the only high. The swap fees we measured (EUR/USD and GBP/JPY) were low.

Non-Trading Fees

ACY Securities does not charge inactivity fees. Thus, your account will not be charged if you have not made trades for several months. The broker does not charge deposit fees. Traders should note there are withdrawal fees for several payment methods, including Wire Transfer and Skrill.

Platforms and Tools

ACY Securities received a high score in the Platforms and Tools category as it offers the highly popular MetaTrader 4 and MetaTrader 5 platforms.

MT4 was originally designed to trade CFD forex instruments, while MT5 serves as a multi-asset trading platform. MT5 is a more sophisticated platform offering access to more asset classes and providing more options. However, many traders still prefer the simplicity of MT4.

ACY Securities Desktop and Web Platforms

In this review, we tested the MetaTrader 5 platform. We analyzed charts, indicators, drawing tools, orders, and the general ease of use of the platform.

MetaTrader 5
MetaTrader 5

General Ease of Use

MT5 is a sophisticated trading platform that could be tailored to traders’ needs. The interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5 capabilities. In general, advanced traders will have no problems with MT5, while beginners have to spend some time learning the basics of this platform.

Beginner traders should go through various chart options, indicators, drawing tools, and orders. Also, they have to learn how to create their own watchlists and manage their trading positions. Despite this work requires some time and efforts, traders who invest in that ultimately get a powerful tool that helps achieve better trading results.

Charts

MT5 offers 97 indicators and 21 timeframes, which is more than enough to customize your charts and tailor them to your needs.

Trend indicators, oscillators, volumes, Bill Williams, and custom indicators help to design the chart you need.

Available timeframes range from 1 minute to 1 month so they provide the trader with an opportunity to take a look at short-term developments and significant multi-month trends.

MT5 also supports objects:

  • lines
  • channels
  • Gann tools
  • Fibonacci tools
  • Elliott tools
  • shapes

Many traders use these popular tools to make decisions, so their presence is a must for any reputable trading platform.

Each chart could be displayed as a bar chart, a candlesticks chart, and a line chart. Candlesticks are generally more popular among traders as there is an abundance of various candlesticks patterns that are used to make trading decisions. Although other types of charts also have their fans.

MT5 charts are easy to configure even for novice traders, but they also offer enough options for expert traders.

Orders

MT5 offers all main order types, which include:

  • Market order. This order is used to buy or sell the instrument at the current market price. It is used when the trader needs to establish a position in the fastest possible way. The main downside of the market order is the necessity to pay a spread, which is a difference between the bid price and the ask price.
  • Limit orders. This order is used to buy or sell the instrument at a pre-set price or better. A limit order is used when the trader wants to get a specific entry point and is unwilling to pay the current market prices.
  • Stop-loss orders. Stop-loss orders are used to get you out of the position when the price is moving in the wrong way. The order is triggered when the price reaches a specified point.
  • Stop limit orders. This is a stop-loss order which puts a limit order instead of a market order when it is triggered. This is a dangerous way to get out of the position and should be used only by experienced traders.
  • Trailing stop orders. This order allows you to set a stop order that will move if your open position trends in the right direction. This order is used to protect your profits in case the market direction reverses.
  • Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day.

ACY Securities Mobile App

ACY Securities offers the MT5 versions for Android and iOS. In this review, we used ACY Securities Mobile App for Android.

General Ease of Use

The MT5 mobile app for Android is rather easy to use. It provides charts, quotes, account balance info, economic calendar, news, and other tools to provide traders with an opportunity to make informed trading decisions.

Charts

MT5 mobile app offers:

  • 30 technical indicators
  • 24 drawing tools
  • 9 timeframes
  • 3 chart types

This selection of options is sufficient h for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading.

Orders

In an MT5 mobile app, you can set market orders, limit orders, and stop orders. Trailing stops are not available on mobile trading terminals.

Tradable Instruments

4.2
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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ACY Securities received a decent score in the Tradable Instruments category in our rating. The broker offers a high number of stocks, indices, and commodities which gives the opportunity to traders to diversify their bets.

ACY Securities provides access to 43 forex pairs, 17 commodities, 2153 stocks and ETFs, 22 indices, and 9 cryptocurrencies.

The number of available forex pairs is medium and contains all major pairs as well as some exotic options.

There is plenty of available commodities: energy, precious metals, and commercial metals. The available indices list is also decent including popular indices like Dow Jones and S&P 500.

The stock offering is especially rich. Traders have access to stocks from the U.S., UK, EU, and Australia.

What are CFDs?

CFDs (Contracts for Differences) are financial instruments that allow traders to bet on securities without owning the underlying securities. The key advantage of CFDs is the access to significant leverage which is typically not available when trading other instruments. In this light, CFDs are very popular in short-term trading.

What Can You Trade with ACY Securities?

  • 41 forex pairs. The list includes popular names like EUR/USD and GBP/JPY as well as exotic options like EUR/HUF and USD/MXN.
  • 17 commodities. WTI Oil, Gold, Silver, Copper, and Zinc are among the commodities available for trading.
  • 2153 CFDs on stocks and ETFs. Traders can work with instruments from the U.S., UK, EU, and Australian exchanges.
  • 22 indices. Traders have access to popular indices like S&P 500 and DAX as well as to less popular indices from Singapore, Netherlands, and Switzerland.
  • 9 cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.
Available indices at ACY Securities
Available indices at ACY Securities
Forex Shares
EUR/USD| GBP/JPY| EUR/HUF Apple | Astrazeneca| Deutsche Bank
Indices Cryptocurrencies
S&P 500| FTSE 100 | Nikkei 225 Bitcoin| Ethereum| Ripple
Commodities ETFs
Gold| WTI Oil | Platinum ARKK | GLD | SPY

ACY Securities offers forex pairs, CFDs on stocks and ETFs, commodities, indices, and cryptocurrencies. The number of available forex pairs is medium. Traders who focus on indices and commodities have enough options to choose as ACY offers a high number of these instruments. The broker’s offering is especially interesting in the stock and ETF segment as traders have access to a high number of instruments from various exchanges.

Customer Support

4.5
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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ACY Securities provides support via online chat, phone, and email. The broker received a high score for the Customer Support category in our rating due to the quick and professional answers of the support team and multiple support languages.

ACY Securities provides multilingual support 24/5 with Australia, International, China Mainland, and Taiwan numbers. Eight languages are available in the online chat support on the broker’s website including English, French, Spanish, Tagalog, Vietnamese, Arabic, Japanese, and Chinese.

ACY Securities Customer Support Test

We have contacted ACY Securities several times through online chat asking about deposit and withdrawal methods as well as available instruments for trading. We have also asked about potential charges for credit card payments and on currencies used in deposit/withdrawal methods. The broker’s team answered that ACY Securities does not charge fees for credit card payments and that payments depend on the account base currency. The answers were quick and professional which led to a good score for Customer Support in our rating.

Customer support at ACY Securities
Customer support at ACY Securities

Deposit and Withdrawal

3.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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The broker received an average score in the Deposit and Withdrawal category in our rating. ACY Securities provides a sufficient number of deposit and withdrawal options, however, withdrawal fees had a negative impact on the score.

ACY Securities clients can deposit and withdraw money with Visa/Mastercard/China Union Pay, Wire Transfer, Skrill, and Doku Wallet. The processing time for deposits and withdrawals ranges from 1 to 5 business days.

ACY Securities Deposits

ACY Securities provides a sufficient number of options to deposit funds into accounts. These options include debit/credit cards, wire transfers, and e-wallets. All deposit options have no deposit fees. According to the broker’s FAQ, the speed of receiving and clearing funds depends on the client’s method.

Deposit Method Base Currencies Fees Processing Time
Visa/Mastercard USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
China Union Pay USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
Wire Transfer USD, AUD, EUR, GBP, NZD, CAD, JPY No 2-3 business days
Skrill USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
DragonPay USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
THB QR Payment USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
FasaPay USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
Cryptocurrency USDT No 3-5 business days
Perfect Money USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
Neteller USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days
SticPay USD, AUD, EUR, GBP, NZD, CAD, JPY No 3-5 business days

ACY Securities Withdrawals

Unlike deposits, some withdrawal methods have fees. An international wire transfer costs $25. A free withdrawal is available for Australia local bank transfer up to three times per month. Skrill is charging of 3% merchant fee per withdrawal. Meanwhile, ACY Securities does not charge fees for credit card withdrawals.

Withdrawal Method Base Currencies Fees Processing Time
Visa/Mastercard USD, AUD, EUR, GBP, NZD, CAD, JPY No 1-2 business days
China Union Pay USD, AUD, EUR, GBP, NZD, CAD, JPY No 1-2 business days
Wire Transfer USD, AUD, EUR, GBP, NZD, CAD, JPY $25 1-2 business days
Skrill USD, AUD, EUR, GBP, NZD, CAD, JPY 3% 1-2 business days
Cryptocurrency USDT No
FasaPay USD, AUD, EUR, GBP, NZD, CAD, JPY No 1-2 business days
Neteller USD, AUD, EUR, GBP, NZD, CAD, JPY No 1-2 business days
Perfect Money USD, AUD, EUR, GBP, NZD, CAD, JPY No 1-2 business days
SticPay USD, AUD, EUR, GBP, NZD, CAD, JPY No 1-2 business days

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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ACY Securities received an excellent score for Account Types and Terms in our rating. Traders can choose three types of accounts and seven base currencies.

The broker provides three types of accounts: Standard Account, ProZero Account, and Bespoke Account.

Traders who open an account with the global entity ACY Securities Pty Ltd have access to leverage of up to 1:30. Traders who work with ACY Capital Australia Limited have access to leverage of up to 1:500.

Traders who would like to test the broker’s services without risking their money may open a demo account for the Standard Account. The swap-free (Islamic) account is also available for the Standard Account. However, there is no Islamic Account option for ProZero Account and Bespoke Account.

The account opening process is simple and straightforward. You can easily find the registration link on the front page of the broker’s website.

What Account Types does ACY Securities Offer?

ACY Securities suggests the Standard Account which has no commission and just $50 minimum deposit. In addition, the broker offers accounts with tight spreads – ProZero Account and Bespoke Account. In these accounts, the broker charges commissions for certain instruments, including forex pairs and metals.

The swap-free (Islamic) account option is available for the Standard Account, while ProZero Account and Bespoke Account do not have this option.

Traders should note that commissions at a Bespoke Account are cheaper than at a ProZero account.

Account Standard Account ProZero Account Bespoke Account

Commission

(excluding equities)

No From $0 From $0
Spread Variable From 0 From 0
Minimum Deposit $50 $200 $10000
Leverage Up to 1:500 Up to 1:500 Up to 1:500
Islamic Account Yes No No
Demo Account Yes No No

Why is Choosing the Right Account Type Important?

The account you choose must suit your needs. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size.

In ACY Securities’ case, traders should choose between a spread-based account (Standard Account) and commissions-based accounts (ProZero Account and Bespoke Account). Typically, spread-based accounts are used for frequent trading with low entry volume. Commissions-based accounts become more attractive when the entry volume increases.

What is CFD leverage?

CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called a margin, while the remaining funds are borrowed.

In the ACY Securities case, the maximum leverage depends on the entity traders work with. Those who open an account with ACY Capital Australia Limited, which is regulated by ASIC, have access to leverage of up to 1:30 which is a modest leverage level.

Traders who work with ACY Securities Pty Ltd, which is regulated by VFSC, have access to leverage of up to 1:500 which is risky, so traders should manage their risks carefully if they plan to use maximum leverage.

ACY Securities Account Opening Process

To open an account with ACY Securities:

  • Step 1. Go to the broker’s website and click “Open an Account”.
  • Step 2. Provide your basic personal information.
  • Step 3. Provide additional personal details including your ID and residential address.
  • Step 4. Fill in the information regarding your investment profile.
  • Step 5. Answer questions about your trading experience.
  • Step 6. Agree to Terms and Conditions.
  • Step 7. Confirm your ID by submitting proof of identity and proof of residence.

What is a demo account?

A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

Please note that your trading experience could differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when real money is at stake.

It’s a good idea to use a demo account for practicing and learning the trading platform, but do not spend too much time on the demo.

RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose. ACY Securities Pty Ltd ( AFSL: 403863) and ACY Capital Australia Limited (VFSC: 012868) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only.

Research

4.3
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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ACY Securities received a quite high score in the Research category in our rating. The broker provides sufficient market analysis and gives access to third-party tools, such as Capitalize.ai and Signal Start.

ACY Securities provides news and analysis in a dedicated section on its website. Traders have access to technical analysis and updates on key economic events.

The broker also provides three trading tools, which may be useful for clients.

There is Capitalise.ai among them that is used for code-free trading automation. Traders can analyze and backtest simulated strategies using simple text. Clients just sign up to Capitalize.ai and connect their ACY Securities trading account.

Another tool is MetaTrader Scripts which represents a collection of MT4 and MT5 scripts and indicators. The scripts range from Trading Statistics, which shows stats like open P&L and spreads, to History Simulator, which is used to replay market data.

The third option is a copy service Signal Start that allows clients to copy trades from a big selection of signal providers. To use the services, ACY Securities clients must connect their trading accounts to the service and select the signal they want to use. With Signal Start it is possible to choose signal providers according to gain, drawdown, leverage, number of trades per month, etc.

Forex signals at Signal Start
Forex signals at Signal Start

Education

4.1
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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ACY Securities received an average score in the Education category. The broker provides live webinars and offers multiple educational videos. However, the absence of a glossary and the low number of platform tutorial videos led to a negative impact on the score.

ACY Securities’ educational support is sufficient enough for both beginner and advanced traders. The broker provides an e-book on trading that covers basic topics like fundamental analysis, technical analysis, and risk management. If you already have some knowledge about the topic, you can take a trading course and learn about the use of the Fibonacci tools.

In addition, traders have access to multiple educational videos on various topics, eg. liquidity, exit strategies, and range-bound markets.

ACY Securities also holds regular webinars in four languages: English, Chinese, Vietnamese, and Indonesian. The list of planned webinars is available on a dedicated page on the company’s website.

Although, the broker doesn’t provide a glossary on its website and has a few platform tutorial videos which make beginners take to external resources for self-education.

Webinars at ACY Securities
Webinars at ACY Securities

The Bottom Line

Founded in 2011, ACY Securities has been in business for more than 11 years. It is a stable broker with a high level of transparency. Traders can study the Terms & Agreements in a dedicated section on the company’s website.

The broker offers three types of accounts: Standard Account, ProZero Account, and Bespoke Account. Beyond that, traders can use a demo account before committing to a real account.

ACY Securities works on highly popular MetaTrader 4 and MetaTrader 5 trading platforms. Traders can open an account with two entities: ACY Securities Pty Ltd (ASIC, a Tier 1 regulator) and ACY Capital Australia Limited (VFSC, a Tier 3 regulator).

Available instruments include forex pairs, CFDs on stocks and ETFs, commodities, indices, and cryptocurrencies.

The broker has a minimum deposit of just $50 and provides solid educational and research support, which is useful for beginners. Advanced traders may want to take a look at the Bespoke account, which offers tight spreads and lower commissions for those who have made an initial minimum deposit of $10,000.

FAQ

Where is ACY Securities based?
ACY Securities is based in Australia.

Is ACY Securities safe?
Clients of ACY Capital Australia Limited benefit from the oversight of VFSC, a Tier 3 regulator.

How does ACY Securities make money?
ACY Securities charges spreads, commissions, and swap/rollover fees.

Is ACY Securities good for beginners?
The broker offers good research and educational support which, in combination with the low minimum deposit, makes it a decent choice for beginner traders.

How do I deposit into an ACY Securities account?
Traders can deposit money via debit/credit cards, Wire Transfer, Skrill, THB QR Payment, DragonPay, FasaPay, Cryptocurrency, PerfectMoney, Neteller, and SticPay.

What is the minimum deposit for ACY Securities?
The minimum deposit is $50.

How do I withdraw money from ACY Securities?
Traders can withdraw money via debit/credit cards, Wire Transfer, Skrill, cryptocurrency, FasaPay, Neteller, PerfectMoney, and SticPay.

How long does it take to withdraw money from an ACY Securities account?
It takes 1-2 business days for the withdrawal to be processed.

What is the max leverage in ACY Securities?
The maximum leverage in the VFSC-regulated entity is 1:500.

How do I open an account with ACY Securities?
To open an account with ACY Securities, go to the main page of the broker’s website and click “Open an Account”.

What platforms does ACY Securities offer?
ACY Securities offers MetaTrader 4 and MetaTrader 5.

Does ACY Securities offer a demo account?
Yes, traders have opportunity to open a demo for the Standard Account.

broker

RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose. ACY Securities Pty Ltd ( AFSL: 403863) and ACY Capital Australia Limited (VFSC: 012868) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only.

See ACY Securities Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Australia
Foundation Year
2011
Regulations
ASIC (Australia), VFSC (Vanuatu)
Publicly Traded
No
Number Of Employees
150
Trading Desk Type
ECN, Market Maker, STP
Trading platforms
MT4, MT5
Restricted Countries
United States, North Korea, Nigeria, Cuba, Afghanistan, Syria, Iran
Supported Languages
English, Spanish, French, Arabic, Japanese, Chinese, Tagalog, Vietnamese
Min Deposit
$50
Max Leverage
1:30 (ASIC), 1:500 (VFSC)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, FasaPay, Union Pay, PerfectMoney, E-wallets, Mastercard
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, E-wallets, Visa, Mastercard, FasaPay, PerfectMoney
Time to Withdrawal
3
Time to Open an Account
8
Cryptocurrencies
Bitcoin Cash, Bitcoin, Litecoin, Ripple, Stellar, EOS, Ethereum, Polkadot, Chainlink
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes

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