ACY Securities Overview:
- Regulated: ASIC, FCA
- Head Country: United Kingdom
- Min $1 Deposit
- Operating Since: 2013
- Type: STP, ECN
- Spread: Variable
- Commission: From $5
- Platforms: MetaTrader 4, MetaTrader 5, Web, Mobile
- Funding: Wire Transfer, Credit/Debit Card, Doku, Skrill, UnionPay
- Spread: Variable
ACY Securities Review
ACY Securities is an Australian Forex and CFD broker that offers ECN trading via the MT4 trading platforms for desktop, web and mobile devices running on iOS or Android. The broker competitive spreads, reliable trade execution speeds and multiple trading instruments. They also provider traders with training resources and managed accounts.
In this detailed ACY Securities review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
ACY Securities Overview
ACY Securities is an online broker that operates on the key values of transparency, client-focus and technology. Founded in 2013 in Melbourne, the current headquarters are in Sydney, Australia with other offices in China, Vietnam & the Middle East. In 2018, ACY Securities acquired Synergy Financial Markets (Synergy FX); a leading Australian forex dealer established in 2011 with tens of thousands of clients around the globe. The acquisition strengthened the broker and increased its global clientele.
Today, the broker offers tight spreads, low trading fees and good execution speeds. Over 660 assets can be traded on the MT4 & MT5 trading platforms they provide free of charge to clients.
ACY Securities asserts that it is an ECN broker that has no dealing desk (NDD). The brokers liquidity comes from over 46 liquidity providers which comprises of 16 global banks and other financial firms. Client orders are directly routed to the servers which are located at the Equinix data centre in New York and in Asia. This helps to ensure rapid and efficient processing of clients’ orders.
ACY Securities has been honoured with multiple awards in recognition of its online trading services. In 2018, the broker received the ‘Best Forex Broker’ award which was given at the International Business Summit in Malaysia. It also was won the ‘Chinese most influential brand financial institution’ which was courtesy of ‘Voice Mook’. In 2017, the brand was awarded the ‘Influential Forex Broker’ award given by the ‘China Financial Online’.
ACY Securities Regulation
ACY Securities is authorized and regulated by the Australian Securities and Investment Commission (ASIC). The licence number is AFSL: 403863.
The broker is also regulated by the Vanuatu Financial Services Commission (VFSC). The license number is 012868.
Client funds are maintained in the Commonwealth Bank Australia and HSBC bank; these are top-rated international banks. The funds are kept in special segregated trust accounts which should not be used by the broker for its daily operations and should onlu be used to fund clients’ orders and trade positions. The records are carefully maintained and audited to ensure full compliancy to this policy which is a regulatory requirement.
The brand has also implemented strict risk management procedures to help further protect its clients. Secured Socket Layer (SSL) encryption technology has been activated on its websites and platforms to protect clients’ data during transmission to and from the servers. This further secures clients transactions and helps to protect their identity and data as they deal with ACY Securities.
ACY Securities has further protected clients’ funds by purchasing insurance with Aon plc; a leading global insurance firm. This insurance covers eligible clients up to $2.5 million in one claim. Also, ACY Securities is a member of the Australian Financial Complaints Authority (AFCA); a dispute resolution scheme which can be approached by clients when they are aggrieved with the services of the broker.
ACY Securities Countries
ACY Securities does not accept clients from USA. Some ACY Securities broker features and products mentioned within this ACY Securities review may not be available to traders from specific countries due to legal restrictions.
ACY Securities Platforms
MetaTrader 4 (MT4)
MT4 is one of the most popular trading platforms used by traders around the globe, especially in forex trading. The platform is widely used because of its excellent features and tools that come with it. ACY Securities clients have access to the MT4 WebTrader, MT4 desktop and the mobile apps.
MT4 supports multiple charting, analysis, trading and extension via plugin apps. Traders can build plugin apps for MT4 using the built-in MetaEditor and MQL4 programming language which is based on C++. Expert Advisors (EAs) are software robots which can be used to automate trading strategies. EAs can be built using MQL4, back tested and installed on the MT4 trading platform.
MT4 supports multiple orders including market orders, stop orders and up to 4 pending orders. Charts of all the tradable assets can be displayed over 9 timeframes and multiple chart types including lines, bars and candlesticks. Chart analysis is done using 24 analytical tools and up to 30 inbuilt technical indicators. The platform supports thousands of indicators which is possible through plugin apps. The MetaTrader market is accessible from the platform. This is a market where traders can acquire signals, indicators, EAs, etc and then, install and use them on their MT4 platform.
MT4 Mobile App
The MT4 mobile app is developed for iOS and Android devices and can be downloaded from the respective app stores. Millions of traders around the world use the mobile app to monitor the markets, enter positions, perform analyses, view and monitor account balances, open positions and read the news. The app is user friendly, light, stable and very fast. It gives access to live quotes, live charts and live trading as well as demo trading.
MetaTrader 5 (MT5)
ACY Securities also offer the advanced and powerful MetaTrader 5 (MT5) trading platform. MT5 is the successor to the MT4 platform and whilst it maintains a similar layout and most of the core functionality of its predecessor, it has more possibilities. This included additional chart time frames, more order types, more technical indicators, depth of market (DOM) pricing, built-in economic calendar, multi-currency strategy tester and more.
ACY Securities provide over 600 stock CFDs via MT5 across three major exchanges including the NYSE, Nasdaq and Australian Stock Exchange (ASX).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. 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 Trading Tools
These accounts are designed for money managers who trade on behalf of other clients (investors). ACY Securities provides the MT4 terminal platform which is used by the manager to bring clients on board, allocate trades to their accounts and perform other functions. Investors have the flexibility of depositing and withdrawing from their accounts at will and also assigning funds to managers. Money managers can use multiple strategies including EAs, they can also hide their trading strategies from the investors. It must be strongly emphasised that historical MAMM/PAMM performance is by no means any indication of how it will perform in the future. You should have a clear understanding of the significant risks involved with trading online.
ACY Securities makes this tool available to traders on its website. The calendar gives a list of important events and their forecasted impacts on the financial markets. The time, date and importance level of the event is also shown. The country involved, impact percentage as well as the previous value is also shown. After the event, the forecasted impact and actual impact is juxtaposed.
ACY Securities Education
A free trading eBook is provided by ACY Securities team of analysts. It is available for download for registered clients. The book introduces clients to forex trading, risk management along with fundamental and technical analysis.
This course is divided into Beginner and Advanced courses. It is available at no cost to registered clients. The beginner course gives an introduction to forex trading, basics, advantages, terms, types of orders, tactics and other trading tips. The advanced course teaches technical analysis, strategies, risk management, trading plan development and trading psychology.
The brokers market blog contains articles on weekly market outlook, market news and analysis. It is prepared by ACY Securities analysts. The articles are presented using diagrams, charts and videos.
ACY Securities run free trading webinars by their market analyst twice a week, covering technical analysis, fundamental analysis, risk management and live charting reviews and setups to name a few of their topics. Each webinar runs for 45 minutes and they welcome traders of all experience levels.
ACY Securities Instruments
ACY Securities offer 39 currency pairs, 5 cryptocurrencies, 12 indices, 8 commodities plus over 600 stock CFDs across the NYSE, Nasdaq and ASX markets.
ACY Securities Accounts & Fees
For every account type, a leverage of 1:50, 1:100, 1:200 or 1:500 can be chosen by the client. The minimum trading volume is 0.01 lots and the minimum deposit is $50.
Here are the brokers account types:
- StpECN: The minimum deposit is $50 and the minimum spread for the benchmark EURUSD starts from 1.0 pip. No commissions are charged as the trading fees are incorporated into the spread.
- ZeroECN: The minimum deposit is $2,000 while the EURUSD spread is from 0 pips. A commission of $6 per lot is charged per round turn on forex trading.
- PureECN: This is the premium account reserved for professionals. The minimum initial deposit is $20,000 and the EURUSD spread starts from 0 pips. A commission of $5 is charged per round turn on forex and metals.
Swap free accounts are available from the StpECN accounts which can be converted by contacting the support team. These are Islamic friendly accounts that comply with Sharia law.
Demo accounts are freely available with $100,000 virtual trading capital for practice purposes. Demo accounts expire after 30 days and can be a good way to test out the trading platforms and your trading strategies.
As broker fees can vary and change, there may be additional fees that are not listed in this ACY Securities review. It is imperative to ensure that you check and understand all of the latest information before you open an ACY Securities broker account for online trading.
ACY Securities Support
ACY Securities have a multilingual support team that works 24 hours a day, from Mondays to Fridays. The team can be reached on instant web chat, telephone lines, email and a ‘contact form’ available on the website. On social media, ACY Securities is on Facebook, Twitter and YouTube.
ACY Securities Deposit & Withdrawal
ACY Securities does not accept cash or cheque deposits. Third party deposits are not allowed.
Here are the payment options:
- Bank wire transfer: This method is used to process deposits and withdrawals within 3-5 working days. No deposit fees are charged but the client’s bank will charge a commission. International withdrawals are charged $25 per withdrawal. For Australian banks, 3 free withdrawals are given every month after which $25 is charged.
- Electronic payments: The options available are Skrill, Doku Wallet and China UnionPay. There are no deposit commissions. Skrill withdrawals are charged at 3%.
- Credit/Debit card: All major cards are accepted. Deposits are processed instantly. Withdrawals to cards are not allowed.
ACY Securities Account Opening
If you decide to trade with ACY Securities, it is very easy to open a live trading account. Just visit the website, hover the mouse pointer on the ‘Register’ button which is on the right hand side of the menu bar to display the menu. Click on the ‘Live account’ button to display a short form. Select your country and ‘personal account’ and click ‘begin’ to display the 6-page registration form. It is imperative that you read all of the brokers policies, terms and conditions. Only proceed if you are happy and agree with them.
Enter your name, email and phone number, a 4-digit verification code is sent to the phone number for verification. The verification will timeout after 60 seconds and so must be done promptly. On the next page, fill in your personal information like address, date of birth, etc. Then, choose account type, currency, leverage and give information on your employment status and net worth. After all documentations and uploading verifications, a thank you message is displayed with the statement that the account application will be processed within 1-2 business days.
ACY Securities Summary
ACY Securities is an award winning, regulated STP broker that is still growing and expanding its services. Security of clients’ funds and trading environment is adequately provided. The spreads start from just 0 pips and trading fees are competitively low.
The MT4 and MT5 trading platforms are simple enough for new traders whislt being powerful enough to accommodate complex strategies for expert traders. The eBook and trading courses are commendable and can help traders increase their skills and knowledge.
ACY Securities offer around 660 tradable assets across multiple markets. Also, the $25 withdrawal charge on bank transfers is exorbitant. The limit of 30 days on demo accounts is not ideal for beginners who are still learning. Even experts use demo accounts to perfect their strategies and test new EAs for a sustained period of time. Limiting it to only 30 days may not be convenient to some.
The broker has comprehensive trading analysis and videos updated daily to the site with most days seeing 1-3 pieces of unique analysis and video created. They have also partnered with Finlogix to provide trading signals via this social trading platform.
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.