ACY Securities is an Australian-based online broker that was founded in 2013. The company is regulated by the Australian Securities and Investments Commission (ASIC) and offers trading services in forex, commodities, indices, and cryptocurrencies.
One of the standout features of ACY Securities is their commitment to providing clients with a high level of customer service. The company has won numerous awards for their customer service, including the 2020 ADVFN International Financial Awards for Best Customer Service and Best Forex Broker.
ACY Securities Trading Instruments
ACY Securities offers a range of trading instruments across different asset classes, including forex, commodities, indices, and cryptocurrencies.
Forex: ACY Securities offers over 60 currency pairs for trading, including majors, minors, and exotic pairs. Clients can trade with tight spreads starting from 0.0 pips on the Raw account, and up to 1.0 pips on the Standard account. Leverage of up to 1:500 is also available for forex trading.
Commodities: ACY Securities offers trading in a variety of commodities, including gold, silver, crude oil, natural gas, and copper. These commodities are available for trading through the MT4 and MT5 platforms with competitive spreads and leverage of up to 1:100.
Indices: Clients can trade on a wide range of global indices, including the S&P 500, NASDAQ, FTSE 100, Nikkei 225, and more. These indices are available for trading with competitive spreads starting from 0.2 pips, and leverage of up to 1:200.
Cryptocurrencies: ACY Securities offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. Clients can trade these cryptocurrencies against the US dollar, Australian dollar, or Bitcoin, with spreads starting from 10 pips and leverage of up to 1:20.
In addition to the above asset classes, ACY Securities also offers trading in shares through its ACY Trader platform. Clients can trade over 1,000 global shares from companies such as Apple, Amazon, and Facebook, with competitive spreads and leverage of up to 1:20.
Trading Conditions
ACY Securities offers its clients favorable trading conditions that are designed to meet the needs of both novice and experienced traders. The broker provides access to a range of financial instruments, competitive spreads, high leverage, and a selection of trading platforms.
ACY Securities offers competitive spreads on all its trading instruments, with the tightest spreads available on the ProZero account, which is the broker’s commission-based account. The spreads on the ProZero account start from 0.0 pips on some currency pairs, making it an attractive option for scalpers and high-frequency traders.
ACY Securities offers high leverage of up to 1:500 on forex trading, which is a relatively high level of leverage that can amplify profits or losses. For other instruments, such as indices, leverage levels range from 1:20 to 1:200. It’s worth noting that higher leverage increases risk, so clients must use it wisely and manage their positions accordingly.
ACY Securities provides clients with a choice of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its own proprietary ACY Trader platform. These platforms are available on desktop, web, and mobile devices, providing clients with flexibility in their trading activities.
Overall, ACY Securities provides its clients with a range of trading conditions that are competitive and designed to meet their needs. With a variety of financial instruments, tight spreads, high leverage, and a selection of trading platforms, clients can trade with confidence and customize their trading experience according to their preferences.
Account Types
ACY Securities offers three different account types to cater to the needs of different types of traders: Standard, ProZero, and Bespoke. Each account type has different minimum deposit requirements, spreads, and commissions.
Standard Account: The Standard account is a commission-free account with spreads starting from 1.2 pips on major currency pairs. It requires a minimum deposit of just $50, making it an accessible option for traders who are just starting out. The Standard account is best suited for beginner traders who are looking for a simple and straightforward trading experience.
ProZero Account: The ProZero account is a commission-based account that offers spreads starting from 0.0 pips on major currency pairs. The commission rate is $6 per standard lot, but for Australian residents, it’s only $3 per lot. The minimum deposit requirement for the ProZero account is $200, making it more suitable for intermediate or advanced traders who require tighter spreads and are comfortable paying commissions.
Bespoke Account: The Bespoke account is a commission-based account designed for professional traders who require personalized trading conditions. The spreads on this account start from 0.0 pips on major currency pairs, and the commission rate starts from $5 per standard lot. The minimum deposit requirement for the Bespoke account is $10,000. The account offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies, with customized trading conditions based on the client’s requirements.
ACY Securities also offers an Active Trader Program that provides discounts on trading commissions based on monthly trading volume. The program has ten tiers, with discounts ranging from 0.1 to 0.5 pips per lot. This program is designed to incentivize high-volume traders and provide additional cost savings for frequent traders.
Regulation and Security
ACY Securities is a regulated brokerage firm that operates under the oversight of the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). ASIC is a highly respected tier-1 regulatory body that sets strict standards for financial institutions operating in Australia, while the VFSC is a tier-3 regulator that provides an additional layer of oversight.
As a regulated broker, ACY Securities is required to meet strict regulatory standards for financial stability, transparency, and client protection. The company must maintain segregated client accounts, maintain adequate capital reserves, and adhere to strict anti-money laundering and know-your-customer (KYC) policies.
In addition to regulatory oversight, ACY Securities also prioritizes the security of its clients’ funds and personal information. The company uses advanced encryption technology to secure its website and trading platforms, and maintains strict protocols for handling and storing client data. Clients can also enable two-factor authentication for an additional layer of account security.
Overall, ACY Securities is committed to maintaining the highest standards of regulatory compliance and security. Its regulatory oversight, financial stability, and commitment to client protection make it a trusted choice for traders who prioritize safety and security in their investment activities.
Conclusion on ACY Securities
ACY Securities is a regulated brokerage firm that offers a wide range of trading instruments and account types to suit the needs of traders at all levels. The company is regulated by reputable regulatory bodies such as the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), which provide a high level of oversight and client protection.
ACY Securities offers competitive pricing and trading conditions, with low deposit requirements and commission-based accounts with tight spreads. The company also offers a range of educational resources and tools to help traders improve their skills and make informed trading decisions.
While ACY Securities is considered to be of average risk, the company has a strong regulatory framework and prioritizes the security of its clients’ funds and personal information. Overall, ACY Securities is a solid choice for traders who value safety, security, and competitive pricing in their investment activities.
Very reliable platform..I have many traders friends at my country here..they always feedback me forex trading platform they use is either no good or not reliable..donβt dare park their huge monies there but ACY work differently especially the customer support Devy..although is tough troubleshoot Devy try her best to help and solve it..good job!!..I will introduce this to my traders friends..
Found ACY 4 years ago, and I wouldn’t even consider another platform. I really can’t fault the service. I assume that the bad reviews are from bitter customers who blame the market platform rather than themselves when they lose. Made a withdrawal on a Friday, verified my account on the Monday, had the funds by Tuesday. I was pleasantly surprised at the pace.