ACY Securities is a financial markets broker established in 2011 with benefits such as offering over 2,200 trading instruments, leverage up to 1:5,000, and under 30ms executions.
Is this broker a good choice for trading Forex symbols? Let's review ACY Securities and its pros & cons comprehensively to find out!
Company Information & Regulation
ACY Securities is a multi-asset broker in the world of online trading. Based on the data from Crunchbase and official sources, this company with the legal name ACY Securities Pty Ltd. was Founded in 2011 and is headquartered in Sydneny, Australia. Regulating Bodies:
- Australian Securities and Investments Commission (ASIC)
- Vanuatu Financial Services Commission (VFSC)
The company has two offices in these locations:
- Tower B, Level 18, 799 Pacific Hwy, Chatswood NSW 2067
- North Tower, Level 14, Suite 4, 80 Collins Street, Melbourne VIC 3000
Key Specifics
To give you a clear picture of what ACY Securities offers, here's a table summarizing its key specifics:
Broker | ACY Securities |
Account Types | Standard, ProZero, Bespoke |
Regulating Authorities | ASIC, VFSC |
Based Currencies | USD, AUD, GBP, EUR, CAD, JPY, NZD |
Minimum Deposit | $50 |
Deposit Methods | Credit/Debit Cards, E-wallets, Bank Wire Transfer, China Union Pay, BTC & USDT, Local Payment Methods (Varies by Region) |
Withdrawal Methods | Credit/Debit Cards, E-wallets, Bank Wire Transfer, China Union Pay, BTC & USDT, Local Payment Methods (Varies by Region) |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:5000 |
Investment Options | Copy Trading |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5, LogixTrader |
Markets | Forex, Indices, Commodities, Stocks, ETFs, Crypto |
Spread | From Zero on ProZero and Bespoke Accounts |
Commission | From Zero on Standard Account |
Orders Execution | STP |
Margin Call/Stop Out | 100%/50% |
Trading Features | Economic Calendar, Forex VPS |
Affiliate Program | Yes |
Bonus & Promotions | 30% Credit, 10% Credit |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, Live Chat, Phone Call, Ticket |
Customer Support Hours | 24/5 |
Trading Accounts: Features & Comparison
ACY Securities offers a range of account types to support different trading opinions and experience levels. Let's break down the main account types:
Account Type | Standard | ProZero | Bespoke |
Min. Deposit | $50 | $200 | $10,000 |
Max. Leverage | 1:5000 (via LogixTrader) | 1:500 | |
Min. Trading Volume | 0.01 Lot | ||
Each account type is tailored to meet specific trading needs, allowing traders to choose the one that best aligns with their strategy and goals. The Standard Account is perfect for those just starting out, while the Pro and Zero Accounts suits seasoned traders looking to optimize their trading costs.
Opening and Account and Verification on ACY Securities
Getting started with this company is a done with filling a form. Here's a quick guide to help you sign up your account:
- Navigate to the brokerage's official website;
- Click "Open an Account" or "Start Trading";
- Provide your full name, email, phone number, and country of residence on the form;
- Create a suitable and safe password;
- Read and agree to the Privacy Policy;
- Verify your email address by entering the received code.
Now, you have completed the registration with ACY Securities. For verification, you'll need to provide:
- Proof of Identity (e.g., passport, driver's license)
- Proof of Address (e.g., utility bill, bank statement)
Trading Platforms and Software
ACY Securities offers three trading platforms, one of them developed by its own team. In this section, we will take a quick look at each:
MetaTrader 4 (MT4): A very popular trading platform with customizable dashboard and advanced tools for charts and technical analysis
MetaTrader 5 (MT5): Next-generation platform for MT4 with Level II Pricing and 21 trading timeframes
LogixTrader: Proprietary trading platform, suitable for those looking for higher leverage and helpful features at the same time
Does ACY Securities Work with Fair Spreads and Commissions?
The broker offers a very competitive spreads and commissions model across its account types:
Account Type | Standard | ProZero | Bespoke |
Spread | Variable | From 0 Pips | |
Trading Commission | Zero | $6 per Lot | $5 per Lot |
There are no prices and costs other than for trading. In other words, there are no inactivity, deposit, and withdrawal fees.
Payment Methods and Options
ACY Securities provides an extensive variety of deposit and withdrawal options to cater to its global client base:
- Credit/Debit Cards (Visa, Mastercard)
- Bank Wire Transfer
- E-wallets (Skrill, Neteller, Perfect Money, SticPay, and Bitwallet)
- China Union Pay
- Bitcoin and USDT
- Local payment methods (varies by region)
The broker's diverse range of payment options ensures that traders from different regions can easily fund their accounts and withdraw their profits.
Copy Trading & Investment Methods for Passive Earning
Per our investigations on the website, the discussed broker does not provide any investment options directly. However, it does offer a copy trading service through its own website in the "SoFinX" platform and another website called "Tradingcup", with these benefits:
- Advanced technology for copy trading in a smooth way
- Transparent performance data on all traders
- Enables becoming either a signal provider or a follower
ACY Securities Bonuses And Promotions
The broker, similar to some of its competitors, offers bonuses and promotions to new clients. However, it's important to note that these offers may vary depending on your region and are subject to change:
- 30% Credit Bonus: Receive a 30% additional credit on up to $1,000 of your initial deposit on the broker.
- 10% Credit on Deposit: Upon depositing between $2,000 to $50,000, a 10% credit bonus will be added to your account.
Always read the terms and conditions carefully before participating in any promotional offer. Remember that bonuses often come with specific trading volume requirements and other conditions that must be met before you can withdraw the bonus funds or associated profits.
How to Contact Support: When Are They Available?
Typically, there are three main channels to contact the support team on companies. ACY Securities provides these usual contact methods:
- Live Chat: Through the official website for quick queries.
- Email: For more detailed inquiries via support@acy.com.
- Phone: +61291882999
- Ticket: On the broker's website
Support is available in multiple language, but there's no 24/7 services offered by ACY Securities. This could be considered a drawback in the opinion of some traders.
Trust Ratings and Evaluations
ACY Securities has generally received both positive and negative reviews from traders and industry experts on websites such as Trustpilot and ForexPeaceArmy. Here's a summary of their trust scores and reviews:
- Trustpilot: 6 out of 5 with more than 390 reviews and 75%+ five-star scores
- ForexPeaceArmy: 8/5, based on 60 scores
While the positive scores outnumber the negative ones, it's important to conduct your own research and consider your personal trading needs when choosing a broker, especially with some complaints about the broker's services.
Conclusion And Final Words
ACY Securities serves as a multi-asset broker with benefits such as a proprietary platform called LogixTrader, 3 live account types, and a high-tier supervising authority which is ASIC.
However, there are some negative reviews and worrying complaints on accounts getting blocked. Also, some of the 5-star reviews on ForexPeaceArmy have been removed for allegedly being fake.
Therefore, we suggest you to proceed with extreme caution and conduct comprehensive research if you are considering ACY Securities.
