ACY Securities Review
ACY Securities is an Australian Forex and CFD broker that offers ECN trading via the user-friendly MetaTrader 4 (MT4) & MetaTrader 5 (MT5) trading platforms for desktop, web and mobile devices running on iOS or Android. The broker has tight spreads, low fees, reliable trade execution speeds and over 700 trading instruments across various asset classes including Forex, Indices, Cryptocurrency, Commodities, ETFs & Stocks. They also provide traders with a good range of educational resources, managed accounts and excellent customer support.
Pros / Cons
- Easy to use MT4 & MT5 trading platforms
- 700+ trading instruments
- Tight spreads
- Low commission fees
- STP executions with no dealing desk
- Range of account deposit & withdrawal options
- Very comprehensive educational resources
- MAMM/PAMM accounts
- Finlogix social trading platform
- Multi-jurisdictional regulated broker
- Won multiple industry awards
- Excellent customer support
- No USA clients
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.
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ACY Securities Overview
ACY Securities was founded in 2013 in Melbourne, with the core business focus to provide cutting-edge technology to assist traders navigate the global financial markets. The brokers wide network of top tier liquidity providers and investment in advanced trading platforms and technology, aim to provide an efficient and fast execution to all traders using the ECN trading model. They operate on the key values of transparency, client-focus and technology.
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 brokers products and services whilst increasing its global clientele.
It is also worth mentioning that in 2014, ACY Securities partnered with the world’s fifth largest forex enterprise OANDA, to provide professional market analysis, educational tutorials and forex trading training to their clients.
Today, the broker offers ultra-low spreads from 0.0 pips, low trading fees and rapid execution speeds. Over 700 assets can be traded on the intuitive 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 broker has deep interbank liquidity from 16 of the world’s biggest 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, at the best available prices.
ACY Securities has been honoured with multiple awards in recognition of its online trading services. In 2020, ACY was named ‘Best Multi-Asset Broker in Australia in 2020’ by leading tech magazine Technology Era. The decision was made based on the range of products, platforms, education & market analysis. 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
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 only 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.
To ensure that the client’s funds are properly used and safe, ACY provides several modes of deposit and withdrawal, including Credit Card, bank transfer and international Transfer.
ACY AU and ACY LTD have Professional Indemnity Insurance for their respective clients, in compliance with ASIC’s Regulatory Guide 126 and VFSC’s Professional Indemnity Insurance requirements.
ACY Securities Countries
Whilst ACY Securities welcome clients from around the globe, they cannot accept clients from the USA. Clients from Mainland China, Hong Kong, Macau, Taiwan, Vietnam, Indonesia and Japan are onboarded with ACY LTD. 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
You have the choice to trade the global CFD markets from any of the brokers easily accessible trading platforms including the MetaTrader 4 and MetaTrader 5 platforms, which are used by millions of Forex & CFD traders all around the globe. They are well known for being very user-friendly and having a plethora of trading tools for conducting in-depth analysis whilst ensuring a seamless trading environment for desktop, web and mobile devices. Whether you choose to trade on MT4 or MT5, execution speeds at ACY are ultra-fast.
MetaTrader 4 (MT4)
MT4 is one of the most popular trading platforms used by traders around the globe, especially when it comes to forex trading. The MT4 platform is widely used primarily because of its excellent features and built-in tools that offer a comprehensive trading experience for users of all experience levels. ACY Securities clients have access to the MT4 WebTrader, MT4 desktop and the mobile apps for iOS and Android smart devices.
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 over historical data in the MT4 strategy tester 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.
Take a position with ACY’s MT4 platform on over 700 CFDs including shares, FX, indices, commodities, ETFs and much more.
MetaTrader 4 Web Platform
The MT4 for Web platform provides customers with a comprehensive set of tools and features. Traders can use Windows, Mac and Linux operating systems and the platform and trading accounts are protected by the highest possible security measures.
ACY’s MT4 for Web platform enables traders to connect to global financial markets at any time from any location. It is widely used by experienced traders due to its speed, ease of use, and reliability.
MetaTrader 4 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. The MT4 app is especially useful for those who wish to analyse the markets and place trades whilst on the go.
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) level II pricing, built-in economic calendar, multi-currency strategy tester and the ability to trade stocks in addition to FX, commodities and indices. Trade over 700 instruments on ACY’s powerful MetaTrader5 platform, including CFDs on shares, FX, indices, commodities, precious metals, ETFs and cryptocurrencies.
MetaTrader 5 Web Platform
The MT5 for Web platform provides customers with a comprehensive set of tools and features all within a convenient browser.
You get access to the same level II pricing, deep liquidity feeds and spreads from 0.0 pips, all from your web browser.
MetaTrader 5 Mobile App
Never miss a trading opportunity no matter where you are in the world with our mobile version of MT5. You can review, edit, change and execute all your orders from your iPhone, iPad, Android system or Windows system devices.
ACY Securities Trading Tools
The MetaTrader platforms should contain more than enough trading tools for even the most demanding of traders. However, ACY do provide some additional trading tools to help with your daily trading activities.
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 have a useful economic calendar 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.
Economic calendars are usually incorporated as part of a fundamental analysis of trading strategy. They can be a great way to quickly and easily keep up to date with the latest market news and the impact that they can have on the market.
Finlogix is a free social trading platform that connects like-minded traders and investors together in the one place. The Finlogix platform is a great place for both new and experienced traders to learn and share their thoughts and trade ideas on any stock or instrument they want. It is one of the largest and most active community of traders in Australia.
ACY Securities Education
ACY Securities offer a wide range of free learning resources to help traders at all levels – whether new or professional traders – to help improve their trading techniques and strategies.
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 news contains articles on weekly market analysis and outlook. It is prepared by ACY Securities analysts. The articles are presented using diagrams, charts and videos. They can help to inspire potential trading ideas and keep you up to date with the latest market happenings.
ACY Securities run free trading webinars by their market analyst, covering technical analysis, fundamental analysis, risk management and live charting reviews and setups to name a few of their topics. Each webinar is very informative, runs for a good amount of time and suitable for traders of all experience levels.
If you have a live trading account with ACY, you can have access to over 15 individual forex related market reports and tools including daily market analysis and live market summary.
Premium Training Resources
ACY clients can take advantage of premium forex training resources with access to over 60 forex trading tutorials and videos that cover extensive and in-depth trading topics and views. Gain access to the Market Research section which contain event calendars, news, market summaries, chart analysis, live market summaries and trading calculators.
ACY Securities Instruments
ACY Securities offer a very generous selection of FX currency pairs (minor, major & exotic), cryptocurrencies, indices, commodities, precious metals, ETFs and over 700 stock CFDs across the NYSE, Nasdaq and ASX markets. With ACY, traders can take a position on hundreds of the world’s biggest companies such as Apple, Facebook, Tesla and BHP through some of the world’s most highly regarded exchanges.
ACY Securities Accounts & Fees
Whether you’re new to trading or a seasoned professional, ACY have three excellent account types on offer that include the Standard account, ProZero account and Bespoke account. You can choose the account that suits your needs and get started today.
For every account type, a leverage of up to 1:500 can be chosen by the client (varies depending on location and experience). The minimum trading volume is 0.01 lots and the minimum deposit is from $50. The account currency types are USD, AUD, EUR, GBP, NZD, CAD, JPY. Generally speaking, the more that you deposit, the lower the spreads and commission fees.
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.
The minimum deposit is $200 while the EURUSD spread is from 0 pips. A commission of $6 per lot is charged per round turn on forex trading.
The minimum initial deposit is $10,000 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 standard 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
The ACY Securities team is on hand to support all of your trading needs. They a highly professional, experienced and dedicated customer service team that provides every customer with personalised and high-quality customer support. The multilingual support team that works 24 hours a day, from Mondays to Fridays.
The team can be reached on instant web chat, telephone, email and a ‘contact form’ available on the website. On social media, ACY Securities is on Facebook, Twitter, Instagram & YouTube. The ACY headquarters are in Sydney, Australia with other offices around the globe including in China & Taiwan.
We found the ACY support team to be very prompt, polite and efficient in their response to a variety of different questions.
ACY Securities Deposit & Withdrawal
ACY Securities have a good choice of convenient account deposit and withdrawal 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 PayPal, POLi, Neteller, Skrill, PayTrust, Perfect Money, fasapay, Trustly, dragonpay, UnionPay. There are no deposit commissions. However, third-party payment processors may charge a fee.
- 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 ‘Open an Account’ button which is on the right-hand side of the menu bar to display the menu. Select your country and account type, then complete 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.
ACY Securities FAQ
What is ACY Securities minimum deposit?
ACY Securities have a minimum deposit requirement starting from just $50 depending on the type of trading account that you choose.
- The minimum deposit to open a standard account with us is $50.
- The minimum deposit to open a ProZero account is $200.
- The minimum deposit to open a premium bespoke account is $10,000.
This is relatively low when compared to some brokers who require a minimum deposit of $500 or more. It enables you to try the brokers products and services with a small investment amount to see if they are suitable for your needs before committing more funds.
How do I deposit money into ACY Securities?
You can quickly and easily fund your ACY Securities account via different funding methods including Wire Transfer (Local and International), Credit Card and Debit Card, Skrill, Doku Wallet, China Union Pay, PayPal and Neteller. Simply login to your ACY client portal – Cloud Hub, and select Cash Management, then click on Deposit.
The speed of receiving and clearing of funds may vary depending on the different withdrawal methods. Bank transfers will take 2-3 business days. Card withdrawals take 3-5 business days. It is important to note that third-party payments are no allowed. Funding options can vary depending on your location.
What are ACY Securities deposit fees?
ACY Securities don’t charge you for funding your trading account by bank transfer. However, if you’re based outside of Australia your bank may charge you to make an international payment; this amount will vary from bank to bank.
How do I withdraw money from ACY Securities?
As with deposits, you can submit a Withdrawal request on the ACY client portal (Cloud Hub). Withdrawals are processed within 1-2 business day. However, due to unforeseen circumstances, withdrawals may take longer. They process withdrawal requests on the same day if your request is received before 14:00 AEST. Requests received after 14:00 AEST might not be processed until the next business day.
Credit Card funded accounts are only allowed for Bank Wire withdrawal. You need to provide the broker with the bank account details on the Client Portal (Cloud Hub) to be approved prior before putting through a withdrawal request.
What are ACY Securities withdrawal fees?
ACY Securities provide free withdrawal for Australia local bank transfers up to three times per month. When your local withdrawal exceeded three times within the same month, you will be charged $25 USD per additional withdrawal. Alternatively, you can wait until the new month to get your free withdrawal again.
International Transfer (Your receiving bank account is outside of Australia) will incur $25 USD service charge per withdrawal. Skrill will incur 3% merchant fee per withdrawal. These fees are generally very competitive when compared to other brokerages.
What is ACY Securities commission fee?
ACY Securities don’t charge you any fees or commissions for trading on the standard account. For the proZero account, the commission charge is USD$6 or AUD$8.5 per standard lot. For the bespoke account type, you can contact the account management team directly to negotiate the commission fee depending on your trading volume.
Are there any ACY Securities inactivity fees?
No, ACY Securities does not charge a fee for inactive accounts. This ensures you do not receive any unexpected dormant account fees should you not access your ACY account for a sustained period of time.
What are ACY Securities account types?
ACY Securities offer standard, proZero and bespoke accounts, allowing you to choose whichever best suits your trading style. You can have up to two accounts. Your trading accounts can be in AUD, USD, EUR, GBP, CAD, SGD, NZD and JPY.
With the standard Account you benefit from competitive market pricing, no commission to pay, and a minimum deposit of just $50.
The proZero account gives you direct access to tier-1 liquidity providers for tight spreads. The minimum deposit is $200, and they charge USD$6 (for USD account) and AUD$8.5 (for AUD account) commission per round turn lot.
The bespoke account also gives you direct access to the tier-1 liquidity providers for tight spreads. The minimum deposit is $10,000. You can ask your ACY account manager to find out more about special pricing.
Is there an ACY Securities demo account?
Yes, there is an ACY Securities demo account which comes preloaded with virtual funds and is completely free to use. The demo account has been created to give traders simulated trading environment and familiarity with the brokers pricing and the platform. A demo trading account can be a great way to familiarise yourself with the provided trading platforms and practice your trading strategies risk free.
You can open as many demo accounts as you wish. By default, the demo account only has 30 days trial period. If you would like to continue using the platform, you can always apply for a live account or renew the demo account.
The demo and live account are identical in terms of how they work and the prices they show. The only difference is that trades on demo accounts are executed on the brokers server, while live account trades are executed on the interbank markets. As a result, the fill prices may be slightly different due to the available liquidity on the interbank markets.
It is also important to keep in mind that demo trading does not take into consideration human emotions such as fear, anger and greed, all of which can have an impact on trading performance.
What are ACY Securities spreads?
ACY Securities have very competitive variable spreads that range from 0 pips to 2-3 pips, depending on your account type, the currency pair and market conditions. The broker implements the STP trade execution model where all trades are priced directly from liquidity providers. Trades are executed at the best bid and best offer available prices at any given moment.
On the MetaTrader platform, you will see each symbol (FX pair) has two prices which correspond to the bid price and the ask price. An ask price represents the price at which you can buy a base currency; the bid price represents the price at which you can sell the base currency. The difference between the bid price and the ask price is the spread, where brokers make profits.
What is ACY Securities leverage?
ACY Securities offer leverage up to 1:500 for FX, Metals and Crude Oil, and up to 1:100 leverage for Indices CFDs. Due to market conditions or liquidity condition changes, they reserve the right to adjust down your leverage as necessary by providing you immediate notification. In addition, leverage can vary depending on your account balance, location and trading experience.
Leverage allows you to open a position size greater than you would have been able to without it. If you would like to change your leverage, you can do it yourself from the ACY client portal – Cloud Hub.
For example, if a trader has an account of $5,000 and no leverage, they would be able to open a maximum position size of $5,000. If the same trader has an account of $5,000 and 1:30 leverage, they would be able to open a position size up to $150,000 ($5,000 x 300 leverage).
Whilst trading with leverage means the potential profit can be greater, it also means the risk is significantly increased. It is therefore imperative that you have a clear understanding of leverage, how it works and the increased risk involved before trading online with leveraged positions.
What are ACY Securities margin & stop-out levels?
The margin level determines the deposit that is required to keep open positions. To open and hold positions, a trader must have sufficient funds to secure it. Free margin determines the capital that remains on the account to open subsequent positions, and to cover the changes in the balance resulting from price movements from already opened positions.
As a client of ACY Securities, you are required to maintain a minimum required amount of Margin before issuance of a Contract.
When your margin level reaches 100% or lower, you’ll receive a margin call through platform notice.
Your margin level percentage is the last number listed on your balance bar at the bottom of your platform. The calculation for your margin level percentage is this:
(Equity/Margin) x 100 = margin level percentage
If your margin level percentage dropped below 50%, the platform will trigger auto close out orders.
If your Equity only covers 50% of the Margin Requirement for your open positions, your worst offending Position (the contract with the largest loss) will be automatically closed out at the first price available.
Do ACY Securities allow hedging, scalping & expert advisors?
Yes, ACY Securities let you use your EA or Forex robot on their platform. You can also hedge and use scalping strategies, provided you do not breach any of the brokers terms and conditions. Basically, traders are free to use any legal strategies on the ACY platform.
Is there an ACY Securities Islamic account?
Yes, ACY Securities has tailored a specific trading account to for those of Muslim faith who are, according to Sharia Law, unable to earn or pay interest due to their religious beliefs. Traders of Muslim faith can take advantage of the most popular trading account, offering a swap free trading environment, with no interest fees being credited or debited.
What are ACY Securities trading instruments?
ACY Securities have a generous selection of trading instruments, with something for everyone to trade. This includes FX pairs, precious metals, global stock indices, ETFs and popular Cryptocurrencies such as Bitcoin & Ethereum.
How do I open an ACY Securities live account?
Opening a live account with ACY Securities is simple. Just click on Register a Live Account on the brokers website and complete the required information. Once your account application has been approved by the accounts department, you will receive a notification message that includes your login ID and password.
How do I verify my ACY Securities account?
You can verify your ACY Securities account with a proof of identification and address. This can be a passport, drivers licenses, national identity card, utility bill or bank statement no more than 3 months old. They will usually verify your documents within a few business hours.
What is ACY Securities trading platform?
ACY Securities offer the popular and user-friendly MetaTrader platforms for web, desktop and mobile devices. You can choose between the MetaTrader 4 and MetaTrader 5 platforms. Both platforms are loaded with tools, features and functionality, to ensure an intuitive and enjoyable trading experience for all users.
Where can I download ACY Securities platform?
You can download the ACY Securities MetaTrader platforms completely free of charge from the brokers website. They also have a web platform that runs directly in your web browser without the need to download or install any additional software. Furthermore, you can download the MetaTrader app from the relevant app store on your mobile device.
Where is ACY Securities located?
Founded in 2013, ACY Securities is based in Sydney, Australia.
Is ACY Securities regulated?
Yes, ACY Securities holds different regulated license as follow:
ACY Securities Pty Ltd Licensed with Australian Securities and Investments Commission (ASIC), with AFSL number 403863.
ACY Capital Australia Limited Licensed by Vanuatu Financial Services Commission (VFSC), with VFSC Number: 012868.
This regulation helps to give clients the peace of mind that they are using an honest and transparent broker that must ensure that they comply with rules and regulations that are put in place to protect investors.
What countries do ACY Securities accept?
Whilst ACY Securities welcome clients from around the globe, the brokers services are not directed toward soliciting citizens or residents of any jurisdiction that would be contrary to local law or regulation. They cannot accept clients from the United States.
Is ACY Securities a scam?
No, ACY Securities is not a scam. They are a regulated and well-respected online brokerage that has been offering clients very competitive trading conditions since 2013.
How can I contact ACY Securities support?
ACY Securities have an excellent multi-lingual customer support team that are on had 24.5 to answer all of your questions. You can reach them via telephone, email, live chat and social media. We found them to be very prompt, polite and efficient in their responses to a variety of questions that we asked them.
ACY Securities Summary
ACY Securities is an award winning and regulated broker that is still growing and expanding its industry leading trading services to a global clientele.
The broker has very low spreads starting from just 0.0 pips, fast trade execution speeds and low trading fees. There is a great selection of over 700 Forex & CFD trading instruments for traders to choose from.
The provided MT4 and MT5 trading platforms are user-friendly enough for new traders whilst being powerful enough to accommodate the most complex strategies for expert traders.
The eBook and trading courses provided are commendable and can help traders increase their skills and knowledge. This emphasises that the broker wants to encourage informed trading.
ACY Securities 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 partnered with Finlogix to provide trading signals via this social trading platform.
They also put great emphasis on security of clients’ funds and offer excellent customer support in a prompt and friendly manner.
Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, they 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.