All brokers in the world claim the title of best broker in the world. This is also the case for the broker ACY Securities. In fact, this platform is not yet unanimous. The proof is that some traders recommend it, while others advise against it to those around them. It is therefore necessary to shed light on the quality of this broker. To do so, here is a full ACY Securities review.
ACY Securities, Who is it?
First of all, it should be remembered that ACY Securities is a broker. That is to say, a brokerage firm that offers its trading services against remuneration. In addition, you should know that ACY Securities is an Australian broker. In fact, you can find one of its offices at Level 18/799 Pacific Hwy, Chatswood NSW 2067, Australia.
In fact, this broker is more or less recent, since it was founded only in 2013. From its creation to the present day, ACY Securities has attracted many traders thanks to what it offers. Indeed, ACY Securities promises its clients the best investment conditions, as well as resources to improve as a trader.
Either way, this ACY Securities review will let you know if this broker keeps its word.
Best Broker for Beginners July in 2024
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Investir avec ACY Securities en juillet c’est Profiter de :
- several hundred financial instruments
- affordable spreads and trading fees
- the assistance of its customer service
- good trading platforms
- its leverage
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ACY Securities: Broker Market Maker or ECN?
At first glance, it is necessary to mark the difference between an ECN broker and a Market. First, you should know that the Market Maker broker makes its own market. He is therefore your counterparty, and he offers you the fastest order execution. Then you have the ECN broker which transmits your orders on the real exchanges. It is therefore not your counterpart, but its quality of execution is not optimal.
Regarding ACY Securities, it is an ECN broker. So you do not risk having conflicts of interest with this broker, but the risk of slippage is greater there.
Key Information on ACY Securities
If you want to have a brief overview of what ACY Securities is, then find out some essential information about it.
KEY INFORMATION ACY Securities | |
Creation date | 2011 |
Regulation |
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How to Open a Trading Account in July 2024
1. Go to the site Vantage 2. Complete the Registration Form 3. Make a First Deposit (€1000 recommended) 4. Start Trading! |
What is the Leverage Available on the ACY Securities Broker?
It can be said without a doubt that ACY Securities is an efficient broker in terms of leverage, just like Vantage FX. In fact, this broker grants you a margin of 1: 500. This maximum leverage is enough to give more power to your trades. However, do not forget the risk behind good leverage. So, exercise restraint on this element, otherwise you risk losing a lot of money.
Instruments Available on ACY Securities
After talking about its leverage, now see what you can trade with ACY Securities. In fact, the broker offers more than 700 instruments divided into 5 asset classes. You have for example:
- forex
- raw materials
- Indices
- actions
- FNB
In view of this interesting variety, we can therefore say that ACY Securities has a good product offering. Although the offer ofeToro is better, we give it a positive ACY Securities review.
How to Trade in July 2024
1. Open a Trading Account on Vantage 2. Make a First Deposit (€1000 recommended) 3. Start Trading! |
Deposits and Withdrawals on ACY Securities
You can transact on ACY Securities in various ways. We can cite as an example:
- Bank transfers
- electronic wallets or e-wallet
- credit/debit cards
In addition, these means of payment offer acceptable transaction times. It will therefore be via these methods that you will make your first deposit on the brokerage site. The latter is taxed at a minimum value of $ 50. Of course, this minimum deposit amount changes depending on the type of account.
In sum, the ACY Securities review is positive when it comes to deposits and withdrawals. This is because the broker allows for fast, easy and secure transactions.
How to Contact ACY Securities?
When you encounter difficulties, or if you have any questions, you can contact ACY Securities. Indeed, the broker has set up a customer service that operates 24 hours a day, Monday to Friday. Here are the contact details to remember to reach this service:
- tel: + 61 2 9188 2999
- E-mail : [email protected]
- live chat
Since ACY Securities offers these different payment methods, we can therefore give it a positive opinion. However, customer serviceAvaTrade is better, since it is available 24/7.
ACY Securities Trusted Broker or NOT in?
This part of the ACY Securities opinion allows you to be fixed on the reliability of this broker. So, to demonstrate whether this broker is trustworthy, two things must be taken into account. First, its history of fraud, and then its regulations.
History of Fraud on ACY Securities
ACY Securities is a completely irreproachable broker, in the sense that it has never cheated. In addition, the broker has always behaved well vis-à-vis its customers. However, a few reviews say it is a thief, but there is no concrete evidence. We cannot therefore take these assertions at face value. Especially since some traders do not understand the difference between losing money trading and being robbed. In sum, ACY Securities may not be the safest broker, but it is not a thief.
ACY Securities Regulations
Like XM, ACY Securities is a regulated broker. Indeed, it is regulated by several authorities. For example, you have:
- ASIC: Australian Securities and Investment Commission
- VFSC: Vanuatu Services Commission
As you can see, these are international regulatory bodies. So, if ACY is regulated by them, it means that you can trust this broker. On this, our ACY Securities opinion is positive.
ACY Securities France does it exist?
If you live in France, then you need a broker established in your country of residence. Otherwise, the broker must have at least one site dedicated to French traders.
To get back to basics, we cannot say that ACY Securities France exists. In fact, this broker does not have an office in France. The proof, its only headquarters are located in Australia, Egypt, and a few other nations.
Nevertheless, ACY Securities admits several languages of expressions. Among these, you find French. So this is proof that this broker is somewhere designed for French-speaking traders.
ACY Securities: Broker AMF or not?
Before anything else, let’s first remember what AMF is. It is in fact the Financial Markets Authority. Indeed, the AMF is the major body which controls the entire stock market investment sector in France. So, without its approval, any broker is declared illegal in this country.
Given the various regulations of ACY Securities, it is clear that it is not an AMF broker. However, this broker is not mentioned on the AMF blacklist. It can therefore be used from France, but by registering under another jurisdiction.
What are the Fund Protection Measures on ACY Securities?
From the outset, it can be said that ACY Securities has taken the necessary steps to safeguard your money.
First, when you deposit your money, ACY separates your funds from theirs. Indeed, your money will be in the Commonwealth Bank. You therefore have the assurance that the broker cannot use your money to cover his losses.
Then, ACY Securities also provides a compensation fund for customers. In fact, this hedging program stems from ASIC regulation. Thus, in the event of the insolvency of the broker, you receive money as compensation.
So our ACY Securities opinion can only be positive. This broker has thought of everything to secure your funds.
Awards Received by ACY Securities
Is ACY Securities an award-winning broker? Of course, he won several accolades throughout his career. This therefore means that the performance of the broker is appreciated by experts and the general public. So, here are some of the most significant trophies in the history of ACY Securities.
Trading Accounts Available on ACY Securities
Thanks to this broker, you can invest according to the profile that suits you. As a result, ACY Securities offers several types of accounts.
- First, you have the standard account available at $50 investment, with variable spreads.
- Then you have the module ProZero which takes no spread and costs $200 minimum deposit.
- Finally, you can invest without spread on the account Bespoke with $10 base investment.
Apart from all these modules, ACY Securities offers you a free demo. So you can practice before the actual trading.
Despite all this, the ACY Securities opinion is not completely positive on this issue. In fact, the broker does not offer a swap-free Islamic account. This is a limit that is detrimental to ACY Securities.
What are the Fees Applied on ACY Securities?
To function properly, most brokers charge three types of fees (swaps, spreads, commissions). This is also the case for ACY Securities. So, in this part of the review, we examine these different fees.
Spreads
First of all, we must consider the issue of spreads. This is in fact the primary source of compensation for ACY Securities. Here is some data collected on forex spreads.
S | spreads |
EUR / USD | 1.3 |
GBP / USD | 1.8 |
USDJPY | 0.8 |
AUD / CAD | 1.3 |
EUR / JPY | 1.7 |
Commissions
After controlling the average level of spreads, you can observe the commissions. In fact, on ACY Securities, they vary depending on the account.
Thus, for a ProZero module, you pay a commission of $3/lot side. On the other hand, if you use a Bespoke account, you only support $2,5/lot side.
The level of Swaps
In line with all other brokers, ACY Securities also applies variable swaps. So, to inquire about these data, you can take a look at its product specifications.
In the end, it can be said that the ACY Securities opinion on the issue of fees is positive. It is therefore a flexible broker despite everything.
ACY Securities Trading Platforms
Unlike Roboforex, this broker only offers two trading software. First, you have MetaTrader 4. This is actually the most popular trading platform. This supports the basic functions, as well as automatic trading.
Then, ACY offers you MetaTrader 5 which is more efficient than MT4. Indeed, this software allows you to trade all asset classes more quickly.
Besides these two platforms, this broker no longer offers anything. As a result, the ACY Securities opinion is negative on this point, even if MT4 and MT5 are quality software.
Slippage and Order Execution on ACY Securities
First of all, we must first know what slippage is. It is simply a price slippage. This therefore occurs when the order does not execute at the price you want. So the consequences can be both positive and negative.
Fortunately, ACY Securities has good providers of the
cash. In addition, it gives you an execution speed of 30 milliseconds/order. So you can easily fight slippage. Once again, the ACY Securities review is positive.
The ACY Securities Training Program
You can refine your trading strategies with the ACY educational program. These include in particular:
- Webinars & seminars
- trading course
- E-Book
- Forex Trading Guide
Despite this great education offer, Admiral Markets is still better in terms of education. Nevertheless, we can grant a positive ACY Securities opinion for this time.
Trading Tools Available on ACY Securities in
Given its different platforms, ACY Securities therefore accepts the following trading tools:
- graphs
- technical indicators
- calculators
- Expert Advisor bots
- economic calendar
ACY Securities Bonuses
Like most non-ESMA brokers, ACY Securities also offers bonuses. For example, you have the welcome promotional offer. This actually amounts to 60% of your initial deposit. So, to be eligible for this bonus, you must deposit at least $ 500. Thus, you receive free money for trading.
The Partnership Program on ACY Securities
Apart from the trading offer, ACY Securities also allows you to become a partner. To do this, you must first choose your type of affiliation in the “ACY PARTNERS” section. Next, one needs to complete the registration forms and submit them to the broker. Finally, all you have to do is wait for a response from the broker.
At the end of this process, you will therefore receive a commission for your collaboration with ACY Securities.
ACY Securities VS Other Brokers?
How can you be sure of the quality of ACY Securities without comparing it to other brokers? So, discover this comparative table which compares ACY with the best brokers of the moment.
Broker | Strong points | Customer Notes | |
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Avantages and Disadvantages
ACY Securities is a broker that can be improved. Indeed, it also has its weaknesses and strengths. Here is the report of hisvantages and disadvantages.
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Conclusion: What Can We Think of ACY Securities?
In short, this broker is quite a good option, but not the best. Furthermore, this ACY Securities review shows all the qualities of this site. Also, it allows you to see that ACY suffers from a lack of Islamic account. Because of this small detail, we advise you instead Vantage FX. The latter is therefore the best broker.
Should we trust ACY Securities?
In view of these different regulations, and its good character, you can trust ACY Securities.
Where does ACY Securities obtain its Liquidity?
In fact, ACY Securities works with almost 16 different banks. These are therefore the real ACY Securities liquidity providers. They compete to bring you the best prices and in the shortest time.
What Strategies Are Allowed on ACY?
To be clear, there is no prohibited strategy on ACY Securities. As a result, you can invest in the way that suits you. You are therefore free to practice scalping, hedging, and all other investment techniques.
❔What are the Different Base Currencies on ACY?
Your ACY trading account can have the following currencies as its base currency: AUD, USD, EUR, JPY, CAD, GBP, NZD, and SGD.
❓Can I have several different accounts on ACY Securities?
Of course. In fact, ACY Securities is not limited to just one account. You can create a second one if you wish.
If you have already used ACY Securities, tell us what you think about it in the comments.
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