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ACY Securities Review 2024

By:
Vladimir Zernov
Updated: Nov 29, 2023
Overall Rating
4.3
  • Trust
    4
  • Fees
    4.5
  • Platforms and Tools
    4.2
  • Tradable Instruments
    3.8
  • Customer Support
    4.5
  • Research
    4.4
  • Deposit and Withdrawal
    5
  • Account Types and Terms
    4.9
  • Education
    4.9
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    We performed our tests with a Standard Account, opened with ACY Securities Pty Ltd which is regulated by ASIC, using the MT5 desktop platform and MT5 mobile platform. Some features and services may vary depending on where you reside.

    The Big Picture

    Established in 2011, ACY Securities has firmly positioned itself as a comprehensive multi-asset CFD broker with its headquarters in Sydney, Australia. Expanding its global footprint, the firm recently inaugurated additional offices in strategic financial hubs like Jordan, Japan, and Melbourne. The broker gives traders access to a diversified portfolio of over 2,200 tradable instruments – ranging from forex currency pairs and global indices to commodities, equities, ETFs, and even cryptocurrencies.

    On the technological front, ACY Securities is aligned with industry standards, providing seamless integration with the universally acclaimed MetaTrader 4 and MetaTrader 5 platforms. Additionally, it enriches its offering with third-party integrations such as Capitalise.ai for code-free trading automation, a robust VPS service for enhanced execution speeds, and a suite of copy trading options to cater to varying trading styles and expertise levels.

    As for account types, traders have the liberty to opt for either spread-based or commission-based models. Our comprehensive evaluation revealed that ACY Securities’ Standard Account offers notably competitive spreads, providing a cost-efficient trading environment.

    ACY Securities Key Takeaways for 2023

    • The broker has an ASIC-regulated entity and an unregulated entity that is registered in St. Vincent and the Grenadines. Both entities provide negative balance protection and hold clients’ funds in segregated accounts.
    • The broker offers attractive fees in the Standard Account compared to the industry average.
    • ACY Securities supports the popular MetaTrader 4 and MetaTrader 5 platforms.
    • The broker provides a wide range of tradable instruments standing out for its stock offering.
    • ACY Securities’ clients have access to multiple deposit and withdrawal methods, including crypto options.
    • The broker offers a choice between spread-based and commission-based accounts.
    • ACY Securities’ support team provides quick and professional help 24/5 via online chat, phone, and email.
    • Traders have access to strong educational and research content, including third-party tools and insightful analysis from the in-house team.

    Who is ACY Securities For?

    ACY Securities has a minimum deposit of $50 and attractive spreads at its Standard Account. In addition, the broker provides solid educational support, which is important for beginners. Advanced traders will benefit from a strong research offering, tight spreads at commissions-based accounts, and a VPS service.

    What Sets ACY Securities Apart from Other Brokers?

    As an Australia-based broker, ACY Securities provides access to multiple stocks and ETFs from the Australian exchange ASX. The broker also offers a number of third-party tools, including Capitalize.ai, SoFinX, and Signal Start, as well as provides Forex VPS.

    ACY Securities Pros and Cons

    Pros Cons
    • Wide range of tradable instruments.
    • Attractive spreads.
    • Helpful third-party tools.
    • Quality in-house research content.
    • VPS service.
    • Offshore entity is unregulated.

    ACY Securities Main Features

    ☑️ RegulationsASIC (Australia)
    🗺 Supported Languages
    English, French, Arabic, Spanish, Chinese, Japanese, Tagalog, Vietnamese
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Indices, Commodities
    💵 Min Deposit$50
    💹 Max Leverage1:30 (ASIC)
    🖥 Trading Desk TypeECN, Dealing Desk
    📊 Trading PlatformsMT5, MT4
    💳 Deposit OptionsWire Transfer, Union Pay, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, PerfectMoney, E-wallets, Mastercard, Visa, Dragon Pay, Poli, SticPay, Paytrust
    💳 Withdrawal OptionsWire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, PerfectMoney, E-wallets, Visa, Mastercard, Union Pay, Paytrust, Dragon Pay, Poli, SticPay
    🤴 Demo AccountYes
    🗓 Foundation Year2011
    🌎 Headquarters CountryAustralia
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    ACY Securities Full Review

    Trust

    4
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Incorporated in 2011, ACY Securities boasts a track record exceeding 12 years in the financial markets. The firm operates both an ASIC-regulated entity based in Australia and an unregulated arm registered in St. Vincent and the Grenadines. Upholding rigorous financial safeguards, ACY Securities ensures clients’ funds are held in segregated accounts and further enhances trader security by offering negative balance protection.

    ACY Securities Regulations

    In this section, we will delve into the regulatory frameworks governing broker’s various entities and what that means for you as a trader. We employ a rating system for regulators, ranging from 1 to 3, where Tier 1 signifies the pinnacle of trustworthiness.

    ACY Securities operates under two entities:

    ACY Securities Pty Ltd record on ASIC

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

    Each regulator has its own requirements for brokers, which may differ substantially. Such requirements cover aspects like leverage levels and specific protections for investors. These protections may include negative balance protection, segregated accounts, and investor compensation funds. Traders should understand the differences between regulations to evaluate whether the broker suits their needs.

    ACY Securities operates under two entities: ACY Securities Pty Ltd, which is regulated by ASIC, and ACY Capital Australia LLC, which is registered in St. Vincent and the Grenadines. Traders should note that entities registered in St. Vincent and the Grenadines are not regulated.

    ACY Securities offers standard protections – segregated accounts and negative balance protection. The segregation of clients’ funds ensures that clients’ money is not used for the broker’s own business purposes. Negative balance protection safeguards clients from losing more money than they have in their accounts.

    I have summarized key aspects of the brokers’ entities in terms of regulation and safety in the table below:

    Entity Features ACY Securities Pty Ltd ACY Capital Australia LLC
    Country/Region Australia St. Vincent and the Grenadines
    Regulation ASIC Unregulated
    Tier Level Tier 1
    Segregated Funds Yes Yes
    Negative Balance Protection Yes Yes
    Compensation Scheme No No
    Standard Leverage Up to 1:30 Up to 1:500

    Is ACY Securities Safe to Trade With?

    ACY Securities presents a mixed bag when it comes to safety, largely due to its dual-entity operation. On one hand, its ASIC-regulated entity, ACY Securities Pty Ltd, offers traders a high level of trustworthiness, as ASIC is a reputable regulator with stringent requirements around aspects like leverage levels and investor protections. These include common safeguards such as segregated accounts, which ensure that client funds are separate from the broker’s operational finances, as well as negative balance protection, minimizing the risk of traders incurring debts beyond their account balance.

    While ACY Capital Australia LLC entity registered in St. Vincent and the Grenadines is not regulated, it also provides the clients with negative balance protection and segregated accounts. However, if you’re considering this entity, be aware of the increased risks due to the lack of regulation.

    Stability and Transparency

    In my tests for the Trust category, I also cover factors relating to stability and transparency. Here, I focused on how long the broker has been in business, the size of the company, and the transparency in terms of information being readily available.

    ACY Securities has been in business for over 12 years. My research showed that the company is not publicly traded and does not operate a bank. Clients can find the regulatory details in a separate section of the broker’s website. Essential documents, such as Client Terms and Conditions, Key Information Statement, Privacy Policy Statement, and Market Manipulation Warning, can be found in the Terms and Conditions section of the website. The details of the broker’s account offering are placed in the Account Types page.

    Account types at ACY Securities

    In summary, my research indicated that ACY Securities can be regarded as having a reasonable level of trust and stability due to the following factors:

    • The broker has been in business for more than 12 years.
    • Its entities provide negative balance protection and offer segregated accounts.
    • The broker provides easy access to important information on the company’s website.

    Fees

    4.5
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    ACY Securities offers attractive trading fees. My tests indicated that ACY Securities spreads for the Standard Account were mostly lower than the industry average. Meanwhile, the swap fees were a bit higher than the industry average.

    Forex spreads at ACY Securities

    ACY Securities Trading Fees

    For this review, I tested the ACY Securities Standard Account, where the broker charges spreads and swap/rollover fees and does not charge commissions. ACY Securities also offers commission-based accounts.

    ACY Securities Spreads

    I tested the spreads on the ACY Securities Standard Account during the London open at 8:00 a.m. UK time and just after the US open at 2:45 p.m. UK time. These are the most actively traded times.

    I summarized my findings in the table below:

    Instrument Live spread AM Live spread PM
    EURUSD 1.1 1.0
    GBPJPY 1.3 2.1
    Gold (XAUUSD) 8 19
    WTI Oil 0.031 0.027
    DAX 2.5 1
    Dow Jones 1.5 1
    Apple n/a 0.02
    Tesla n/a 0.07
    Bitcoin 15.8 15.8

    My tests indicated that ACY Securities offers low spreads for GBP/JPY, Gold, WTI Oil, Apple, Tesla, Dow Jones and Bitcoin. The spreads for EUR/USD and DAX were medium.

    Swap Fees

    Instrument Swap Long Swap Short
    EUR/USD -8.25 5.0253
    GBP/JPY 10.2424 -19.6767

    The swap fees for EUR/USD were medium during my tests, while the swap fees for GBP/JPY were rather high.

    Non-Trading Fees

    ACY Securities does not impose inactivity fees, which means that accounts can be dormant for a period of more than 6 months without incurring extra charges. The broker also refrains from charging any other non-trading fees.

    Are ACY Securities Trading Fees Competitive?

    From my estimation, ACY Securities provides competitive fees for GBP/JPY, Gold, WTI Oil, Apple, Tesla, Dow Jones, and Bitcoin at its Standard Account. The spreads for DAX and EUR/USD were medium during my tests. Additionally, the broker does not charge any non-trading fees offering a more cost-effective trading environment.

    Platforms and Tools

    4.2
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    ACY Securities provides access to the popular MetaTrader 4 and MetaTrader 5 platforms, catering to both novice and experienced traders. The broker also provides MetaTraders script and Forex VPS, which comes pre-installed with the MT4 platform for clients who subscribed to the service through ACY Securities.

    MetaTrader is popular among brokers because of its extensive range of technical analysis tools and support of algorithmic trading. Many traders are already familiar with either MetaTrader 4 or 5, so they don’t have to spend time learning the features of the platform.

    ACY Securities Desktop and Web Platforms

    In this review, I tested the MetaTrader 5 platform, examining its charts, indicators, drawing tools, order functionality, and overall ease of use.

    MetaTrader 5 platform

    General Ease of Use

    MT5 is an advanced trading platform that could be tailored to traders’ needs. Its interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities. In general, advanced traders would have no problems with MT5, while beginners may need to spend some time learning the fundamental features of the platform.

    For beginner traders, it’s beneficial to familiarize yourselves with various chart options, indicators, drawing tools, and order types. You may need to learn how to create watchlists and manage your trading positions. Despite the initial time and effort required, traders who invest in this learning, ultimately gain a powerful tool that helps achieve better trading results. While the general look of the MetaTrader 5 platform may seem a bit outdated, I find the platform fairly intuitive and easy to learn. However, for novice traders who have never had experience with this platform, it may initially appear overwhelming. ACY Securities provides the standard MT5 offering, so those who have previously used the platform with other brokers will be ready to trade in a couple of minutes.

    Charts

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

    Charts in MetaTrader

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

    Available timeframes range from 1 minute to 1 month, providing traders with an opportunity to observe short-term developments, as well as significant multi-month trends.

    MT5 also supports:

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

    These tools are commonly used for decision-making in trading, so their inclusion is a must for any reputable trading platform.

    Each chart can be displayed as a bar, a candlestick, or a line. Candlesticks are generally the most popular among traders as they suggest plenty of various patterns that are used for making trading decisions. That said, other chart types also have their advocates.

    MT5 charts are accessible even to novice traders. Nevertheless, they also offer enough options for experts.

    Like most traders, I have my favorite indicators and drawing tools, which include RSI, moving averages, and channels. I prefer using candlestick charts for the insights they offer through candlestick patterns. I find it easy to use and combine various indicators in MT5.

    Candlestick charts in MetaTrader

    Orders

    MT5 offers all main order types including:

    • Market orders. This type of order allows you 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 a market order is the necessity to pay a spread, which is the 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. Limit orders are suitable when the trader wants to get a specific entry point and is unwilling to pay the current market prices.
    • Stop-loss orders. These 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 triggered. This is a potentially risky way to close a position, and it 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 favorably. It is used to protect your profits in case the market direction changes.

    Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day.

    Personally, I strongly prefer limit orders and use them for both entry and exit points. These orders are highly effective in risk management, particularly during significant market movements when market orders can result in prices that deviate greatly from your expectations.

    Order entry in MetaTrader

    ACY Securities MT5 Mobile App

    In this review, I have tested the ACY Securities MetaTrader 5 Mobile App for Android.

    General Ease of Use

    The MT5 mobile app for Android is quite user-friendly. It provides charts, quotes, account balance info, an economic calendar, news, and other tools designed to help traders make informed decisions. As expected, traders have access to the standard features of the MT5 mobile app. If you’ve previously worked with the MT5 app, you’ll be able to begin trading in a short period of time.

    Mobile App

    Charts

    MT5 mobile app offers:

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

    This selection of options is sufficient for mobile-based trading. I prefer using a mobile app when I don’t have access to the desktop platform, but need to monitor the market and open positions. While the app is helpful in certain circumstances, it is not as efficient as the desktop platform, which remains the primary solution for traders who require fast and active trading capabilities.

    Orders

    The MT5 mobile app allows you to place market orders, limit orders, and stop orders. However, trailing stops are not available on mobile trading terminals.

    VPS

    ACY Securities provides access to the ForexVPS solution, which has servers located in data centers in New York, Hong Kong, London, and other key cities of the financial world. A Virtual Private Server (VPS) is a cloud-based service that operates with its own distinct operating system. It allows users to tap into the system’s resources as though they were integrated into the native hardware infrastructure. The broker credits up to $35 of the monthly fee charged by ForexVPS for clients who trade over 20 lots in a calendar month.

    Tradable Instruments

    3.8
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    My research showed that ACY Securities offers a well-rounded selection of popular instruments across various asset classes. The broker provides access to a high number of commodities and indices and has a well-diversified stock offering.

    Indices at ACY Securities

    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?

    • 45 forex pairs. The list includes popular names like EUR/USD and USD/CAD, as well as more exotic options like USD/CNH and EUR/SEK.
    • 22 indices. Traders have access to major indices like Dow Jones and DAX and minor indices like Swiss 20 and Singapore 30.
    • 17 commodities. WTI Oil, Gold, Silver, and other commodities are available for trading.
    • 9 cryptocurrencies. Traders have access to Bitcoin, Ethereum, Ripple, and other popular cryptocurrencies.
    • 2300+ stocks and ETFs. ACY Securities offers stocks from various countries, including U.S., Australia, and China.
    Forex Shares
    EUR/USD | USD/CAD| USD/CNH Apple| Tesla| Astrazeneca
    Indices Cryptocurrencies
    Dow Jones | DAX| Swiss 20 Bitcoin | Ethereum | Ripple
    Commodities ETFs
    WTI Oil | Gold | Silver iShares Asia 50| iShares Global 100| Direxion Daily SP500 Bull 3x

    ACY Securities provides access to forex pairs, indices, commodities, stocks, ETFs, and cryptocurrencies. The forex offering is mostly in line with the industry standards, featuring the most popular pairs as well as some exotic options.

    The selection of commodities and indices is quite extensive. From my perspective, the stock and ETF offerings are particularly intriguing, providing traders with access to over 2300 instruments across diverse exchanges.

    Customer Support

    4.5
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    ACY Securities provides 24/5 customer support via online chat, phone, and email. I experienced the promptness and professionalism of the broker’s support team. Also, I found its chatbot informative and helpful.

    Chat bot at ACY Securities

    ACY Securities Customer Support Test

    ACY Securities customer support is available 24/5 via online chat, email, and phone. During my tests, I posed various inquiries to the customer support team through live chat asking about negative balance protection, types of accounts, and typical spreads and swap rates. The customer support team delivered quick and professional answers to my questions. I have also used the chatbot which is equipped with answers to common questions.

    Deposit and Withdrawal

    5
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    ACY Securities provides a high number of deposit and withdrawal options, including credit cards, e-wallets, bank transfers, and cryptocurrencies. Deposits are processed within 24 hours, while withdrawals should be completed within 2 business days. Traders have three free withdrawals per month.

    Deposit methods at ACY Securities

    ACY Securities Deposits

    Deposit Method Base Currencies Fees Processing Time
    China Union Pay CNY No Within 24 hours
    Visa/Mastercard USD, AUD, EUR, GBP, NZD, CAD, JPY No Within 24 hours
    PayTrust IDR, VND No Within 24 hours
    FPX Bank Transfer MYR No Within 24 hours
    DragonPay PHP No Within 24 hours
    Bank Wire Transfer USD, AUD, EUR, GBP, NZD, CAD, JPY No Within 24 hours
    POLi AUD, NZD No Within 24 hours
    FASA USD No Within 24 hours
    Crypto USDT, BTC, ETH No Within 24 hours
    Skrill USD, AUD, EUR, GBP, NZD, CAD, JPY No Within 24 hours
    Perfect Money USD, EUR No Within 24 hours
    Neteller USD, EUR No Within 24 hours
    SticPay USD, EUR No Within 24 hours

    ACY Securities clients can fund their account via credit cards, range of e-wallets, bank transfers, and crypto. Deposits are available in multiple currencies, and the broker provides several local options in less-common currencies like PHP, MYR, IDR, and VND. The minimum deposit level depends on the deposit method used by the client.

    ACY Securities Withdrawals

    Withdrawal Method Base Currencies Fees Processing Time
    China Union Pay CNY No 1-2 business days
    Visa/Mastercard USD, AUD, EUR, GBP, NZD, CAD, JPY No 1-2 business days
    PayTrust IDR, VND No 1-2 business days
    FPX Bank Transfer MYR No 1-2 business days
    DragonPay PHP No 1-2 business days
    Bank Wire Transfer USD, AUD, EUR, GBP, NZD, CAD, JPY $25 1-2 business days
    POLi AUD, NZD No 1-2 business days
    FASA USD No 1-2 business days
    Crypto USDT, BTC, ETH No 1-2 business days
    Skrill USD, AUD, EUR, GBP, NZD, CAD, JPY 3% 1-2 business days
    Perfect Money USD, EUR No 1-2 business days
    Neteller USD, EUR No 1-2 business days
    SticPay USD, EUR No 1-2 business days

    ACY Securities provides a wide variety of withdrawal methods. Traders can benefit from three free withdrawals per month. After the third one, the broker charges $25 in the base currency per withdrawal.

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    ACY Securities offers three types of accounts, including spread-based and commissions-based accounts. Traders may choose between seven base currencies.

    Account registration at ACY Securities

    Clients of ACY Securities have the option to choose from three distinct account types: the spread-based Standard Account, the ProZero Account, and the commission-based Bespoke Account. Each comes with its own set of minimum deposit prerequisites—$50 for the Standard, $200 for ProZero, and a significant $10,000 for the Bespoke Account. Additionally, an Islamic Account option is available under the Standard Account, compatible with both the MT4 and MT5 platforms.

    Leverage options differ depending on the regulatory entity you’re registered with. Accounts under ACY Securities Pty Ltd are limited to a 1:30 leverage, while those with ACY Capital Australia Limited can access a much higher leverage of 1:500.

    For trading novices, the Standard Account serves as an ideal starting point due to its low entry barrier and uncomplicated, commission-free fee structure. As traders gain experience and increase their trading volume, they may consider transitioning to the commission-based accounts. Of these, the Bespoke Account stands out as the premium offering for traders who can meet its $10,000 deposit requirement, offering the advantage of tight spreads and reduced commissions compared to the ProZero Account.

    Why is Choosing the Right Account Type Important?

    The account you choose must suit your needs. The main features to consider when looking for the best-fit account are base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit requirement.

    What Account Types does ACY Securities Offer?

    Feature Standard Account ProZero Account Bespoke

    Commission

    (excluding equities)

    No $3/lot per side $2.5/lot per side
    Spread Variable From 0.0 From 0.0
    Minimum Deposit $50 $200 $10,000
    Leverage 1:30 1:30 1:30
    Islamic Account Yes No No
    Demo Account Yes Yes Yes

    ACY Securities clients can choose between USD, AUD, NZD, EUR, GBP, CAD, and JPY as the base currencies of their accounts.

    For clients observing the Muslim faith, it’s important to note that the Islamic Account option is exclusively available with the Standard Account.

    Restricted Countries

    ACY Securities does not accept clients from the following countries: Central African Republic, North Korea, Congo, Guinea-Bissau, Iraq, Lebanon, Mali, Somalia, South Sudan, Sudan, Yemen, Iran, Libya, Syria, Russia, New Zealand, and the United States.

    What is Leverage in CFD Trading?

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

    Top-tier regulators like the FCA, CFTC, and ASIC, impose leverage restrictions as a risk-mitigation measure aimed at protecting retail traders from excessive losses. High leverage can amplify both gains and losses, and inexperienced traders are often unaware of the rapid and significant losses that can occur. On the other hand, offshore or unregulated brokers tend to offer high leverage to attract traders looking for higher profit potential, but this comes at the expense of increased risk and minimal investor protection.

    In ACY Securities’ case, clients of the ASIC-regulated entity have access to leverage of up to 1:30, while the clients of St. Vincent and the Grenadines entity have access to leverage of up to 1:500.

    ACY Securities Account Opening Process

    To open an account with ACY Securities, follow these steps:

    • Go to the broker’s website and click “Open an Account”.
    • Provide basic personal information, such as name, country of residence, mobile phone number, and email address.
    • Provide additional details, including ID and residential address.
    • Answer questions about your trading experience.
    • Confirm your ID by sending scans of the appropriate documents.

    In my case, the account opening process took less than five minutes. I effortlessly navigated through the client portal and experienced a seamless registration process.

    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 will 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 the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.

    ACY Securities provides demo accounts, so traders have the opportunity to test the broker’s services without risking real money.

    Research

    4.4
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    ACY Securities delivers an extensive suite of in-house market analytics alongside a rich array of third-party tools designed to facilitate automated, copy, and social trading. Notable integrations include Capitalize.ai for code-free trading automation, Signal Start for copy trading, and SoFinX for enhanced social trading experiences.

    ACY Securities provides in-depth market analysis, curated by their in-house experts and available in both written and video formats. This content is not only comprehensive but also incisive, catering effectively to the sophisticated demands of experienced traders. Meanwhile, newcomers stand to gain invaluable market insights by consistently engaging with ACY’s analytical resources.

    Market analysis at ACY Securities

    The broker also offers several third-party tools. Capitalize.ai is used for code-free trading automation. The tool brings the ability to analyze and backtest simulated strategies using simple text. Code-free applications are progressing day by day, so the tool may be useful even for those who are not ready to build complex automated systems as backtesting is an important tool for each trader.

    ACY Securities also provides MetaTrader Scripts which represent a collection of MT4 and MT5 scripts and indicators. The scripts include charting indicators like Advanced Bollinger Breakout and Multi-Timeframe RSI (as a fan of RSI, I find this tool quite useful) and trading tools like MT4 Script Close All (closes all positions) and Delete all Objects Script (not surprisingly, deletes all objects from the chart).

    SoFinX is a copy trading service that provides access to signals from 1200+ providers. Traders can copy the signals or become signal providers themselves. Another offered signal provider is Signal Start which enables traders to choose signal providers according to gain, drawdown, leverage, number of trades per month, etc.

    Education

    4.9
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    The education section on ACY Securities’ website serves as a comprehensive resource hub for traders of all skill levels. It offers a rich blend of educational materials, including detailed articles, insightful webinars, and informative videos that cover a wide array of topics – from the basics of forex trading to advanced strategies.

    ACY Securities offers a robust educational framework catering to traders ranging from beginners to seasoned professionals. The broker regularly updates a diverse collection of educational articles and maintains a dedicated section for platform tutorial guides on its website.

    In addition to providing a comprehensive e-book that delves into key topics like fundamental and technical analysis, as well as risk management, ACY Securities also offers specialized trading courses focused on advanced techniques, such as utilizing Fibonacci tools – a staple among many market participants.

    Webinars at ACY Securities

    Moreover, the broker hosts frequent webinars covering a wide spectrum of subjects, from “Live Market Analysis” to strategies for identifying high platform tutorial guides-probability trading levels, offering a unique opportunity to gain insights into the decision-making of veteran traders.

    The Bottom Line

    In a landscape of forex and CFD brokers, ACY Securities distinguishes itself by operating through two distinct entities: ACY Securities Pty Ltd, regulated by the reputable ASIC, and ACY Capital Australia LLC, a non-regulated entity registered in St. Vincent and the Grenadines. Both entities uphold stringent security measures, such as negative balance protection and segregation of clients’ funds, adding a layer of trustworthiness.

    ACY Securities provides a comprehensive array of tradable instruments, ranging from forex and commodities to indices, stocks, ETFs, and cryptocurrencies. While the stock offering is particularly robust, their cryptocurrency portfolio could benefit from some expansion to meet the industry standard.

    On the platform front, traders have the flexibility to choose between the ever-popular MetaTrader 4 and MetaTrader 5. In my own testing, I found that the spreads on the Standard Account were competitively priced, making it an attractive option for many traders. Beyond the Standard Account, ACY Securities extends more specialized, commission-based offerings through their ProZero and Bespoke accounts, catering to the varied needs of the trading community.

    The broker stands out for its versatile deposit and withdrawal options, including cryptocurrencies. My research indicates that ACY Securities also excels in research support, particularly due to its in-house market analysis and integration of valuable third-party tools.

    Overall, ACY Securities delivers a well-rounded trading experience that appeals to both novice and experienced traders, although there are areas where some enhancements could further solidify its standing in the industry.

    FAQ

    ACY Securities is based in Sydney, Australia.
    ACY Securities can be considered a safe broker. It has an ASIC-regulated entity and an entity that is registered in St. Vincent and the Grenadines. Both entities provide negative balance protection and hold clients’ funds in segregated accounts.
    ACY Securities charges spreads, commissions, and swap/rollover fees.
    ACY Securities has a low minimum deposit of $50 and offers attractive spreads at its Standard Account. The broker also provides solid research and educational support.
    Traders can use credit cards, bank transfers, e-wallets, and crypto to deposit money into an ACY Securities account.
    The minimum deposit for ACY Securities is $50.
    Traders can use credit cards, bank transfers, e-wallets, and crypto to withdraw money from an ACY Securities account.
    Withdrawals are processed within 1–2 business days.
    The maximum leverage in ACY Securities is 1:500 at its St. Vincent and the Grenadines entity.
    To open an account with ACY Securities, visit the broker’s website and click “Open an Account”.
    ACY Securities offers MetaTrader 4 and MetaTrader 5 platforms.
    Yes, ACY Securities offers a demo account.
    Yes, ACY Securities is suitable for scalping.
    Yes, ACY Securities is suitable for auto-trading.
    Yes, ACY Securities is suitable for hedging.
    No, ACY Securities is not suitable for spread betting.
    Yes, ACY Securities provides VPS.
    No, ACY Securities does not operate a bank.

    See ACY Securities Full Information

    Headquarters CountryAustralia
    Foundation Year2011
    RegulationsASIC (Australia)
    Publicly TradedNo
    Number Of Employees150
    Trading Desk TypeECN, Dealing Desk
    Trading PlatformsMT5, MT4
    Restricted Countries
    Central African Republic, North Korea, Congo, Guinea-Bissau, Iraq, Lebanon, Mali, Somalia, South Sudan, Sudan, Yemen, Iran, Libya, Syria, Russian Federation, New Zealand, United States
    Supported Languages
    English, French, Arabic, Spanish, Chinese, Japanese, Tagalog, Vietnamese
    Min Deposit$50
    Max Leverage1:30 (ASIC)
    Deposit OptionsWire Transfer, Union Pay, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, PerfectMoney, E-wallets, Mastercard, Visa, Dragon Pay, Poli, SticPay, Paytrust
    Withdrawal OptionsWire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, PerfectMoney, E-wallets, Visa, Mastercard, Union Pay, Paytrust, Dragon Pay, Poli, SticPay
    Time to Withdrawal2
    Time to Open an Account5
    Crypto
    Bitcoin Cash, Bitcoin, Litecoin, Ripple, Stellar, EOS, Ethereum, Polkadot, Chainlink
    Products
    Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersYes
    Offers HedgingYes
    Automated TradingYes
    API TradingYes
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarNo
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorNo
    Social TradingYes
    AutochartistNo
    Trading SignalsYes
    Platform Languages
    Hebrew, English, Hindi, Indonesian, Punjabi, Arabic, Chinese, Vietnamese, Multi-lingual
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Vladimir ZernovBroker Analyst

    In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

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    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.