ACY Securities is a major forex broker and has received a lot of praises from Intelligence Commissioner users. They have established themselves as an industry leader.
ACY Securities, a CFD broker situated in Sydney, Australia, provides a diverse choice of tradable instruments and easy-to-use MetaTrader platforms. It is regulated by ASIC and offers competitive spreads, social trading, and substantial instructional materials. With a minimal minimum deposit and a variety of account types, ACY Securities is excellent for both new and experienced traders looking for dependable and cost-effective trading solutions.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is ACY Securities Regulated? Do They Have a License?
ACY Securities, a multi-asset CFD broker formed in 2011 and based in Sydney, Australia, stands out in the currency market. ACY Securities has established itself as a popular alternative for traders globally, because to its vast range of tradable instruments, regulatory reliability, and user-friendly platforms. This article presents a thorough examination of ACY Securities, emphasizing its numerous services, regulatory status, trading platforms, competitive spreads, social trading choices, educational resources, and funding ways
ACY Securities stands out as a renowned and adaptable forex broker, with a diverse variety of trading instruments, competitive spreads, and a strong regulatory environment. Its user-friendly MetaTrader platforms, extensive training resources, and novel social trading options make it an appealing alternative for traders of all skill levels. Additionally, the broker’s commitment to cheap trading costs, flexible funding alternatives, and a low minimum deposit requirement add to its appeal. Whether you are a rookie trader wishing to begin your trading career or an experienced trader looking for enhanced tools and competitive conditions, ACY Securities offers a dependable and dynamic platform to satisfy your trading requirements.
ACY Securities offers approximately 2,200 traded instruments, making it a flexible platform for traders. These instruments include forex, major, minor, and exotic currency pairs; stocks, which include shares in leading global companies such as Apple and Tesla; exchange-traded funds (ETFs) that provide exposure to various sectors; popular digital currencies such as Bitcoin; major global indices such as the Dow Jones; and commodities, which include metals such as gold and energy products such as WTI oil. This broad selection enables traders to diversify their portfolios and study many marketplaces from a single platform.
ACY Securities is overseen by the Australian Securities & Investment Commission (ASIC), a Tier 1 regulator noted for its strict requirements. This regulation increases traders’ trust and security since ASIC requires strict adherence to financial and operational requirements. The broker’s adherence to these regulations ensures a safe trading environment for clients, preserving their funds and interests.
Checking the regulatory status of a forex broker is essential. However, there are multiple tiers of regulation as well.
Some popular regulatory authorities include FCA and CFTC.
Whether its ACY Securities or another forex broker, it’s best to check if they are regulated by one (or more) of these authorities:
Commodity Futures Trading Commission (CFTC) – United States:
The CFTC is an independent agency of the U.S. government that regulates the futures and options markets. It also oversees the forex market, particularly ensuring the integrity of transactions and protection against fraud and manipulation.
National Futures Association (NFA) – United States:
The NFA is a self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency, and OTC derivatives. It ensures that every firm or individual conducting futures and forex business with the public must be registered and must comply with strict standards.
Financial Conduct Authority (FCA) – United Kingdom:
The FCA is a financial regulatory body in the UK that oversees financial markets, including forex. It ensures that financial markets operate with integrity and that consumers are protected.
Australian Securities and Investments Commission (ASIC) – Australia:
ASIC is an independent Australian government body that acts as Australia’s corporate regulator. It oversees financial markets and services, ensuring that financial markets are fair and transparent, and it also regulates forex brokers.
Financial Services Authority (FSA) – Japan:
The FSA in Japan oversees banking, securities, and exchange, as well as insurance sectors to maintain the stability of Japan’s financial system. It regulates forex trading and brokers to ensure the protection of investors.
Swiss Financial Market Supervisory Authority (FINMA) – Switzerland:
FINMA is responsible for financial regulation in Switzerland. It oversees banks, insurance companies, and financial markets, including forex brokers, ensuring they operate within a secure and transparent framework.
Cyprus Securities and Exchange Commission (CySEC) – Cyprus:
CySEC is the financial regulatory authority of Cyprus, which is a popular jurisdiction for forex brokers. It supervises and controls the operation of the Cyprus Stock Exchange and regulates forex brokers to ensure compliance with international standards.
Investment Industry Regulatory Organization of Canada (IIROC) – Canada:
IIROC oversees all investment dealers and trading activities on debt and equity marketplaces in Canada, including the forex market, ensuring that firms adhere to high standards of conduct.
Monetary Authority of Singapore (MAS) – Singapore:
MAS is the central bank and financial regulatory authority of Singapore. It oversees various financial institutions and markets, including forex, ensuring they are well-regulated and stable.
Financial Sector Conduct Authority (FSCA) – South Africa:
The FSCA is responsible for market conduct regulation and supervision of financial institutions in South Africa, including forex brokers, to ensure fair treatment of customers and the integrity of financial markets.
These regulatory bodies play a crucial role in maintaining the integrity of the forex market by enforcing rules and regulations, ensuring transparency, and protecting traders and investors from fraudulent activities.
Checking the regulatory status of brokers like ACY Securities is quite beneficial. It inspires trust in the brand.
Trading Conditions and Deposit/Withdrawal Methods at ACY Securities
ACY Securities provides the whole MetaTrader suite, including both the MT4 and MT5 platforms. These platforms are well-known for their powerful charting tools, automated trading features, and user-friendly interfaces. MT4 is a popular choice due to its strong performance and extensive library of custom indicators and expert advisors (EAs), but MT5 is an enhanced version that includes more timeframes, advanced analytical tools, and an integrated economic calendar. These platforms are available to both beginner and expert traders, boosting their trading experience with advanced tools and functions.
ACY Securities is known for its competitive spreads, which start at 0.0 pips on the ProZero account. This feature is especially appealing to traders wanting to reduce trading costs. With spreads starting at 0.0 pips, the broker provides some of the industry’s tightest spreads, which benefit high-frequency traders. Popular currency pairs such as AUD/USD, EUR/USD, and USD/JPY have spreads that normally range between 1 and 5 points during all trading sessions.
Aside from forex, low spreads are provided on commodities such as gold, WTI oil, equities, indices, and cryptocurrencies. Traders can pick between ECN and Dealing Desk account types, allowing for more versatile trading techniques. For accounts with ultra-low spreads, commissions begin at $2.50 a lot per side, lowering overall trading expenses for high-volume traders. The broker focuses on ultra-fast execution to reduce slippage and assist traders take advantage of tight spreads. These elements contribute to ACY Securities’ reputation for providing cheap spreads, which appeals to traders who value low trading fees and rapid execution.
Social and Copy Trading Options
ACY Securities has increased its social and copy trading solutions by incorporating Signal Start and SoFinX. These platforms enable traders to follow and replicate the methods of successful traders, giving them the opportunity to learn and perhaps profit from the experience of others. Social and copy trading can be especially useful for inexperienced traders who want to acquire insights from expert traders without having to undertake substantial market research themselves.
Low minimum deposit and Multiple account types
ACY Securities has a modest minimum deposit requirement of $50, making it suitable for beginners and small-scale traders. This low entrance barrier allows new traders to begin trading without making a big financial commitment, allowing them to acquire expertise and confidence before committing more money.
The broker offers a variety of account types to accommodate different trading styles and expertise levels. These account types include the Standard Account, which is suitable for beginner traders and offers competitive spreads and no commissions; the ProZero Account, which is designed for professional traders and offers spreads starting at 0.0 pips and low commissions; and the Islamic Account, which is swap-free and adheres to Islamic finance principles. The availability of numerous account types allows traders to choose the account that best meets their trading needs and preferences.
ACY Securities is committed to helping traders improve their skills and expertise through its numerous educational offerings. These resources include regular webinars on a variety of trading topics, comprehensive e-books on trading strategies and market analysis, step-by-step video tutorials on how to use trading platforms and tools, and daily and weekly market analysis reports that provide insights into market trends and potential trading opportunities. These training tools are intended to assist traders improve their market knowledge and develop efficient trading methods.
ACY Securities runs an annual Trading Cup competition in which day traders compete for allocations, similar to a proprietary trading company setup. This tournament offers traders an exciting opportunity to demonstrate their talents and earn rewards, while improving their trading experience. The competitive environment motivates traders to fine-tune their methods and strive for higher performance.
ACY Securities accepts a variety of deposit and withdrawal options, ensuring ease and flexibility for its customers. These methods include bank transfers, which are secure and dependable but may entail third-party costs; credit/debit cards, which provide immediate financing with no deposit fees; and e-wallets such as Skrill and Neteller for quick and easy transactions. ACY Securities does not charge deposit fees; however, third-party merchant fees may apply depending on the payment method utilized.
ACY Securities offers free withdrawals for the first three withdrawals every month, saving regular traders money. However, after the third monthly withdrawal, a fee of $25 (in the base currency) is imposed every withdrawal. Bank wire transfers have a $25 fee each withdrawal.
There are no inactivity fees, so traders can keep their accounts without paying further expenditures. Currency conversion fees may occur if the withdrawal currency differs from the account currency. The broker has a “return to source policy,” which means withdrawals can only be made to the original financing source. Deposits are often free and quick, although withdrawal requests are executed the same day if received by 14:00 AEST; otherwise, they may be processed the following working day.
Overall, ACY Securities has lower non-trading fees than other brokers, with free deposits and restricted free withdrawals per month. Traders should be aware of any third-party fees or currency conversion costs that may apply to their transactions.
ACY Securities offers a variety of risk management solutions to help traders protect their cash and manage their exposure properly. These tools include stop-loss and take-profit orders, which allow traders to specify the levels at which their positions will be automatically terminated. This helps to prevent potential losses while locking in profits.
The broker also provides margin call and stop-out levels, which are intended to safeguard traders against negative balances. When the margin level goes below a specific threshold, the broker will send a margin call, requiring the trader to deposit more funds or liquidate some holdings. If the margin level continues to fall and hits the stop-out level, the broker will immediately terminate some or all of the trader’s positions to avoid additional loss.
You should always check the trading conditions of a forex broker.
That’s primarily because they have a direct impact on your potential returns. Moreover, each forex broker such as ACY Securities has distinct trading conditions.
A major part of checking the trading conditions of a broker is to verify their deposit and withdrawal methods.
In the case of ACY Securities withdrawal, you can see that there are multiple options available.
It makes them accessible to traders. Furthermore, it ensures that people can trade freely.
Some major aspects to keep in mind are:
1. Spreads:
- Fixed Spreads: These remain constant regardless of market conditions. They are generally higher than variable spreads but provide predictability in trading costs.
- Variable (Floating) Spreads: These fluctuate based on market volatility and liquidity. They can be lower than fixed spreads during normal market conditions but can widen significantly during high volatility.
2. Leverage:
- Leverage allows traders to control a larger position with a smaller amount of capital. It is expressed as a ratio (e.g., 100:1, 200:1). Higher leverage can amplify both potential profits and potential losses.
3. Margin Requirements:
- Margin is the amount of money required to open a leveraged position. Brokers set margin requirements based on the leverage ratio. For example, with 100:1 leverage, a $1,000 position would require a $10 margin.
4. Minimum Deposit:
- The minimum amount required to open an account varies by broker. Some brokers offer accounts with no minimum deposit, while others may require hundreds or thousands of dollars.
5. Trading Platforms:
- Brokers provide various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and proprietary platforms. The choice of platform affects the tools, charts, and features available to traders.
6. Execution Methods:
- Market Execution: Orders are executed at the best available price in the market. There may be slippage, especially during high volatility.
- Instant Execution: Orders are executed at the price shown on the platform. If the price changes before execution, the order may be rejected (requote).
Keep in mind that shady forex brokers stop making payments and keep the money to themselves. Hence, you should always check the broker reviews to see if the broker’s payment methods work properly.
We recommend working with a reliable and trusted broker.
ACY Securities Customer Service: Do They Handle Complaints Well?
ACY Securities is devoted to providing exceptional customer service to its clients. The broker provides 24-hour client service via a variety of channels, including live chat, email, and phone. This ensures that traders may get help and address issues quickly, regardless of their location or time zone.
Good customer service is vital for any trader.
You should always check if a forex broker remains accessible to its customers and whether it offers multiple contact channels or not.
The most popular ways for recent customers are live chat and email.
While email is becoming a bit obsolete, it is still among the most common methods for a customer to contact the support staff of a broker.
In the case of ACY Securities, it’s clear that they offer proper customer support with a significant variety of ways to contact them.
According to multiple users, ACY Securities’s customer support is quite active and responds promptly to general queries and grievances.
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ACY Securities Reviews: What Do Others Say?
Based on user-submitted reports, most of the ACY Securities reviews are quite positive.
Customers praise the company for its prompt customer service and trader-friendly conditions.
However, it’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
While ACY Securities doesn’t seem like a shady broker, many others rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why we recommend doing extensive research on forex brokers before finalizing your selection.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of ACY Securities, however, we noticed that their reviews are legitimate.
Unlike their competitors, it seems ACY Securities has put in a lot of resources into providing its traders with specialized customer service. This way, their customers remain happy and satisfied with their experience.
Also, we didn’t notice many significant ACY Securities complaints. However, if you have any ACY Securities reviews to share, feel free to contact us or share them in the comment section.
You should always look out for consumer complaints. The most common complaints in forex are usually regarding:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about ACY Securities? You can share your complaint in the comment section or submit an anonymous tip.
Is ACY Securities Legit Or a Scam?
ACY Securities is a regulated entity. They are licensed and operate under the watch of a major financial regulator.
So, it’s clear that ACY Securities is a legit forex broker.
You should avoid working with unregulated brokers. The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind the unregulated broker can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
However, that’s not the case with ACY Securities. It’s clear in our ACY Securities broker review that they are a legitimate entity and enjoy a positive reputation in the market.
Can You Trust ACY Securities?
ACY Securities is a well-regulated and trustworthy forex broker that provides a wide selection of trading products and competitive trading conditions. With powerful MetaTrader platforms, numerous training resources, and novel social trading opportunities, the firm caters to traders of all skill levels. In addition, the low minimum deposit requirement and various funding alternatives make it accessible to a wide range of individuals.
The broker’s commitment to offering exceptional customer service, combined with its strong risk management capabilities, adds to its appeal. Whether you are a rookie trader wishing to begin your trading career or an experienced trader looking for enhanced tools and competitive conditions, ACY Securities offers a dependable and dynamic platform to satisfy your trading requirements.
ACY Securities, with its robust regulatory framework, extensive trading services, and commitment to client satisfaction, is well-positioned to continue growing and meeting the needs of traders around the world. The broker’s emphasis on education and continual growth guarantees that it remains a popular choice among traders looking for a thorough and dependable trading experience.
All the evidence suggests that ACY Securities is legit. However, we recommend checking out more options before finalizing your choice.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of their reliability.
Frequently Asked Questions
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