ACY Securities is a forex and CFD broker founded in 2009 and headquartered in Sydney, Australia. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.
ACY Securities offers a wide range of trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The broker also offers a variety of account types, including a standard account, a pro account, and a VIP account. The Standard account has a minimum deposit of $50 and zero commissions. The Bespoke account has a minimum deposit of $10,000 and a commission of $2.5 per lot per side.
ACY Securities’ trading platforms include MetaTrader 4 (MT4) and cTrader. MT4 is a popular platform that is known for its ease of use and flexibility. cTrader is a newer platform that is known for its speed and efficiency.
ACY Securities also offers a variety of educational resources, including webinars, articles, and videos. The broker also offers a demo account that allows traders to practice trading without risking any real money.
Here is a summary of the pros and cons of ACY Securities:
Advantages of ACY Securities(Pros)
- Regulated by ASIC and FCA
- Wide range of trading instruments
- Two account types, with zero commissions on the Standard account
- Variety of trading platforms
- Good educational resources
Disadvantages of ACY Securities (Cons)
- Spreads can be high on some instruments
- Withdrawal fees can be high
ACY Securities is a reputable forex and CFD broker that offers a good range of features and services. If you are looking for a broker with a wide range of trading instruments, low minimum deposits, and good educational resources, then ACY Securities may be a good option for you.
Here are some additional things to consider when choosing ACY:
- Regulated by ASIC and FCA: ACY Securities is regulated by two reputable financial authorities, which means that it is subject to strict rules and regulations. This helps to protect traders’ money and ensure that the broker is fair and transparent.
- Wide range of trading instruments: ACY Securities offers a wide range of trading instruments, including forex, CFDs, stocks, indices, and commodities. This gives traders a variety of options to choose from and allows them to build a diversified portfolio.
- Two account types with low minimum deposits: ACY Securities offers two account types, Standard and Bespoke. The Standard account has a minimum deposit of $50, while the Bespoke account has a minimum deposit of $10,000. This makes ACY Securities a good option for traders of all levels of experience and investment size.
- Variety of trading platforms: ACY Securities offers a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. This gives traders the flexibility to choose the platform that best suits their needs and preferences.
- Good educational resources: ACY Securities offers a variety of educational resources, including webinars, articles, and videos. This helps traders to learn about the markets and improve their trading skills.
- Competitive spreads on some instruments: ACY Securities offers competitive spreads on some instruments, which means that traders pay less per trade. This can help to improve profitability.
- 24/5 customer support: ACY Securities offers 24/5 customer support via live chat, email, and phone. This means that traders can get help whenever they need it.
- Demo account: ACY Securities offers a demo account, which allows traders to practice trading without risking any real money. This is a great way for beginners to learn the ropes.
- Trading competitions: ACY Securities hosts regular trading competitions, which offer prizes for the top traders. This is a great way to test your skills and win some money.
ACY Securities has been ranked highly by a number of financial publications, including:
- ForexBrokers.com: ACY Securities is rated 4.5 out of 5 stars by ForexBrokers.com. The website praises the broker’s wide range of trading instruments, low minimum deposits, and good educational resources.
- Investopedia: ACY Securities is rated 4 out of 5 stars by Investopedia. The website notes that the broker is regulated by ASIC and FCA, but it also mentions that spreads can be high on some instruments.
- BrokerChooser: ACY Securities is rated 3.5 out of 5 stars by BrokerChooser. The website says that the broker is a good option for beginners, but it also notes that the customer support can be slow at times.
These rankings are based on factors such as regulation, spreads, commissions, trading platforms, and customer support.
More Details About ACY Securities:
- Company name: ACY Securities Pty Ltd
- Headquarters: Sydney, Australia
- Founded: 2009
- Regulation: ASIC (Australia), FCA (UK)
- Trading instruments: Forex, CFDs, stocks, indices, commodities
- Account types: Standard, Bespoke
- Minimum deposit: $50
- Spreads: From 0.0 pips
- Commission: Zero on Standard account, $2.5 per lot per side on Bespoke account
- Trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
- Educational resources: Webinars, articles, videos
- Customer support: 24/7 live chat, email, phone
ACY Securities is a good choice for traders who are looking for a reputable and reliable broker with a wide range of features and services.