ACY Securities
  • Minimum Deposit: $50
  • Trust Score: 75
  • Tradeable Symbols (Total) : 1600

Your new home to trade global markets.

thumb_up_off_alt Pros

  • Offers the full MetaTrader suite (MT4 and MT5).
  • Proprietary ICHI Scalper EA available for algorithmic trading.
  • Offers a good range of CFD markets.
  • Competitive spreads on gold, and commission-based ProZero account with discounts available via an active trader program. 
  • Finologix charts have a good foundation for ACY’s proprietary platform development and are integrated into the ACY Cloud client portal.
  • Share trading is available on MT5.
  • Yearlong Trading Cup competition crowdsources the best day traders to compete for allocations, akin to a proprietary trading firm. 

thumb_down_off_alt Cons

  • Content in Market News section is outdated.
  • Per-trade fee for commission-based forex accounts is more expensive for international clients, but discounted if you are Australia-based.
  • Spreads on standard account are slightly higher than industry average; while ProZero account spreads are lower, the round-turn commission is twice as high outside Australia. 
  • Educational content is poorly organized.

Overall Summary :

FeatureACY Securities
Overall4 Stars
Trust Score74
Offering of Investments4 Stars
Commissions & Fees4.5 Stars
Platforms & Tools4 Stars
Research3.5 Stars
Mobile Trading Apps4 Stars
Education3.5 Stars

Is ACY Securities safe?

ACY Securities is considered average-risk, with an overall Trust Score of 74 out of 99. ACY Securities is not publicly traded and does not operate a bank. ACY Securities is authorized by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). ACY Securities is authorised by the following tier-1 regulator: the Australian Securities & Investment Commission (ASIC).

Regulations comparison:

FeatureACY Securities
Year Founded2011
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses0
Tier-3 Licenses1
Trust Score74

Offering of investments:

ACY Securities offers CFDs across a variety of popular asset classes that include equities, ETFs, commodities, metals, forex and cryptocurrencies.

Cryptocurrency: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents.

1634633141

ACY Securities offering of investments:

FeatureACY Securities
Forex TradingYes
CFD TradingYes
Tradeable Symbols (Total) 1600
Forex Pairs (Total)62
US Stock Trading (Non CFD)No
Int’l Stock Trading (Non CFD)No
Social Trading / Copy-TradingYes
Cryptocurrency (Physical)No
Cryptocurrency (CFD)Yes
Crypto Disclaimer (UK)Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 72-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Commissions and fees :

Acy 300x250 1
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 72-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ACY Securities caters to a wide variety of traders by offering both low-deposit and commission-based account options. While pricing on its Standard account is slightly higher than the industry average, the ProZero account effective spreads are slightly better than the industry average. If you reside in Australia, the all-in cost is even lower. 

Account types:

 ACY Securities offers three account types with varying minimum deposits, spreads and commissions. Additionally, an active trader program with 10 tiers can lower your trading costs by 0.5 pips per lot if you have more than 50 standard lots in monthly volume.

Trading costs: 

The Standard account is commission-free with spreads averaging 1.2 pips on the EUR/USD in September 2021, and requires just a $50 deposit – but it has wider spreads than ACY’s commission-based ProZero and Bespoke accounts, where average spreads drop to 0.25 during the same period. The commission-based accounts require larger minimum deposits, starting at $200 for the ProZero account and $10,000 for the Bespoke account. The commission rate varies from $5 per round turn (RT) on the Bespoke account to $6 per RT on the ProZero. It’s worth noting again that, for residents of Australia, the commission on the ProZero account drops to $3 per RT, bringing the effective spreads to 0.55 in September 2021. That’s comparable to pricing from category leaders such as Tickmill.

1634717903

Trading Cup contest: 

In this yearlong contest, traders are eligible to receive allocations ranging from $50,000 to $500,000 for a total of $1 million across the top five finalists. Unlike most bonuses that are volume-based, the Trading Cup contest requires at least 10 round-trip trades of any amount to be eligible — but the catch is that winners can only withdraw up to 50% of any profits and must adhere to strict money management guidelines.

ACY Securities pricing summary:

FeatureACY Securities
Minimum Deposit$50
Average Spread EUR/USD – Standard1.2 (Sept 2021)
All-in Cost EUR/USD – Active0.85 (Sept 2021)
Active Trader or VIP DiscountsYes
Execution: Agency BrokerNo
Execution: Market MakerNo

Mobile trading apps:

Apps overview: As ACY Securities is a MetaTrader-only broker, iOS and Android versions of the MT4 and MT5 app come standard and are both available for download from the Apple App Store and Google Play store, respectively.

Ease of use: Most brokers now offer the MT4 and MT5 mobile apps due to the user-friendly interfaces and variety of standard features. The MT4 app makes viewing and managing positions simple and easy, but it doesn’t support algorithmic trading – for that you’ll need the desktop app. 

Charting: Accessing functions such as changing the time frame or chart tap is as easy as tapping and holding the screen, which brings up the quick pie menu.

Trading tools: The Tradays app powers the economic calendar feature for both MT4 and MT5. This requires a separate installation that launches from within the MetaTrader app. Traders can also benefit from the specialized MetaTrader community features in the app, which can be accessed by logging into the MQL5 community. 

Gallery

ACY Securities mobile trading:

FeatureACY Securities
Android AppYes
Apple iOS AppYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingNo
Charting – Indicators / Studies30
Charting – Draw TrendlinesYes
Charting – Trendlines MoveableNo
Charting – Multiple Time FramesYes
Charting – Drawings AutosaveYes
Forex CalendarNo

Other trading platforms

In addition to MT4 and MT5, there is the option to integrate ACY Securities’ ICHI Scalper plug-in for algorithmic trading; but there are no other significant add-ons to help the broker stand out from among the best MetaTrader brokers

Platform overview: The full MetaTrader suite is available — albeit the standard, run-of-the-mill versions — for MacOS and Windows, alongside the web version that can be accessed via any modern browser.

Charting: The MetaTrader platform suite is well-known for its adaptable charting software. User-friendly and functional, it allows users to drag and drop from the default list of nearly 50 indicators. Zooming in and out and rearranging windows and tabs is a breeze on both MT4 and MT5.

Gallery

ACY Securities trading platform:

FeatureACY Securities
Virtual Trading (Demo)Yes
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
Social Trading / Copy-TradingYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
cTraderNo
DupliTradeNo
ZuluTradeNo
Charting – Indicators / Studies (Total)30
Charting – Drawing Tools (Total)15
Charting – Trade From ChartYes
Watchlists – Total Fields7
Order Type – MarketNo

Market research

ACY Securities provides basic research coverage in the form of daily market analysis in written and video format. The market research articles include a good balance of written content and associated multimedia such as charts and graphs. Though ACY’s offering has variety, it still trails the best brokers in the category, such as IG and Saxo Bank. 

1634633141

Research overview: ACY Securities’ main research offering is its Daily Market Report video series, which is complemented by detailed written articles that cover fundamental and technical analysis. 

Market news and analysis: The Latest News and Market Analysis sections of the ACY Securities website provide timely, up-to-date information. However, I found the content filed under the Market News and Trade Ideas sections to be outdated. 

Gallery

ACY Securities research:

FeatureACY Securities
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
AutochartistNo
Trading Central (Recognia)No
Delkos ResearchNo
Social Sentiment – Currency PairsNo
Economic CalendarYes

Education

With over 50 articles and over a dozen videos, ACY Securities has built a good foundation of content for its educational offering. It’s an impressive start, but ACY Securities still lags the best brokers in this category. 

Learning center: I found ACY Securities to have good-quality educational content, on par with the industry average, in both video and written format. It also provides daily educational webinars, with at least 30 archived on ACY Securities’ YouTube channel. 

Room for improvement: ACY Securities’ educational offering could be improved by adding the ability to filter and organize its content by experience level. I’d also like to see a general expansion of the topics covered. Some of the best brokers in this category offer lesson programs, complete with quizzes and progress tracking.

Gallery

ACY Securities education:

FeatureACY Securities
Has Education – Forex or CFDsYes
Client WebinarsYes
Client Webinars (Archived)Yes
Videos – Beginner Trading VideosYes
Videos – Advanced Trading VideosNo
Investor Dictionary (Glossary)No

Final thoughts

ACY Securities provides access to a decent range of markets and over 1,600 symbols by way of its offshore and Australian entities. As a MetaTrader-only broker, it also gives traders access to the powerful MT4 and MT5 trading platforms. 

I was impressed by its commission-based accounts, and by tools like its proprietary ICHI Scalper. Some significant limitations come along with those benefits, however, such as sparse educational content and out-of-date research materials.

About ACY Securities

1634633141

Founded in 2011, ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) and in Vanuatu, ACY Capital Australia Limited is regulated by the Vanuatu Financial Services Commission (VFSC). 

2022 Review Methodology

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research. 

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.  

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. 

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.