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ACY Securities review
Start trading with an award-winning CFD and forex broker.
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0.0 pip
Minimum Spreads for Major Currencies
Over 60 currencies including majors, Indices, crosses and exotic FX pairs.
Available markets
MetaTrader 4
MetaTrader 5
Platforms
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Details
| Type of broker | Online |
|---|---|
| Available markets | Over 60 currencies including majors, Indices, crosses and exotic FX pairs. |
| Minimum Spreads for Major Currencies | 0.0 pip |
| Commission | $3 round trip |
| Minimum opening balance | $50 |
| Minimum Trade Size | 0.01 Lot |
| Leverage | 30:1 |
| Platforms | MetaTrader 4 MetaTrader 5 |
| Support | Phone, email, and livechat |
| Go to site More Info |
About ACY Securities
ACY Securities is a forex and CFD provider that offers low-cost trading to its clients.
Starting in 2013 in Sydney, ACY Securities is an award-winning broker that prides itself on having cutting-edge technology allowing investors faster execution.
It is a MetaTrader-only broker, but offers a range of products and markets starting from relatively small minimum deposit limits.
What can I trade?
ACY Securities offers you the chance to trade CFDs across a variety of asset classes including:
- Shares
- ETFs
- Commodities
- Metals
- Forex
- Cryptocurrencies
Key features
Low deposit and fees
One of the main features of ACY Securities is its low deposit and fees on its accounts, particularly those who live in Australia.
MetaTrader 4 platform
MetaTrader 4 (MT4) gives you access to advanced charting, automated trading and customisable dashboards.
With ACY you can trade over 110 CFDs including forex, indices, commodities, gold and digital currencies, available on both mobile or desktop platforms.
MetaTrader 5 platform
Not only will you gain access to the popular MT4 but you can also trade with MetaTrader 5 (MT5) through ACY.
Through this platform, ACY offers 1,800 instruments across CFDs on shares, forex, indices, commodities, precious metal, ETFs and cryptocurrencies, through either desktop or mobile.
Mobile trading app
Like many other CFD providers, ACY is also available as a mobile app.
For the most part, functionality between desktop and mobile remains fairly similar.
The easy-to-use app, which is available on both iOS or Android, will allow you to seamlessly use most trading tools, while charts can be viewed by tapping and holding the screen.
On the downside, algorithmic features, such as using computer codes and chart analysis to enter and exit positions are unavailable on the mobile app. If you want to trade based on a strategy such as price movements or volatility levels, you'll need to stick with your desktop.
Account types and fees
| Standard | ProZero | BeSpoke | |
|---|---|---|---|
| Initial minimum deposits | $50 | $200 | $10,000 |
| Minimum trading volumes | 0.01 lot | 0.01 lot | 0.01 lot |
| Spreads from | Variable | 0.0 pips | 0.0 pips |
| Commission starts from | Zero | $3/lot per slide | $2.5/lot per slide |
| Leverage up to | 30 to 1 | 30 to 1 | 30 to 1 |
| Global stocks | Through MT5 | Through MT5 | Through MT5 |
Is ACY legit?
ACY Securities is legit.
The broker is authorised by the Australian Securities and Investment Commission (ASIC) which is considered a tier-1 (high-trust) jurisdiction.
The company also operates overseas, meaning it is regulated by foreign advisers.
Market research
This is one of the areas where ACY Securities could improve compared to its competitors.
While it does offer market research articles, seminars, ebooks, free training webinars 3 times per week every week and a daily market report video series which can help you get started, these features are not as comprehensive as some of its larger competitors.
Support available for customers
Headquartered in Australia, ACY offers support 24 hours a day, 5 days a week.
You can get help in a few ways:
- Live chat
- Email support
- Via phone
- Contact us form
Pros and cons
Pros
- Offers both MetaTrader 4 and MetaTrader 5
- Offers a range of CFD markets
- Competitive spreads
- Share trading available through its MetaTrader 5
Cons
- Education resources behind its peers
- Per-trade fee for commission-based forex account is on the higher side
How to open an account with ACY
Opening an account with ACY is a relatively simple process and follows most standard CFD brokers.
- Fill out a questionnaire including your personal details and information about your trading history and current experience.
- Upload documents to verify your details.
- Fund your account.
- Find the stocks, CFDs or commodities you want to trade.
- Start trading.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
