.png){kind=small}
We performed our tests with a Standard Account, opened with ACY Securities Pty Ltd, which is regulated by ASIC, using the MT5 desktop platform and MT5 mobile platform. Some features and services may vary depending on where you reside. Established in 2011, ACY Securities is a multi-asset CFD broker with its headquarters in Sydney, Australia. It offers over 2,200 tradable instruments, ranging from forex currency pairs and global indices to commodities, equities, ETFs, and even cryptocurrencies.
ProZero and Pamm accounts
Some significant limitations come along with those benefits, however, such as sparse educational content and out-of-date research materials. It’s important to note that while ACY Securities is regulated in multiple jurisdictions, its recent operations in St. Vincent and the Grenadines do not provide traders with any regulatory protection. In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
- It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.
- At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
- ACY Securities provides a comprehensive array of tradable instruments, ranging from forex and commodities to indices, stocks, ETFs, and cryptocurrencies.
- I would like to thank Yazeed Alkhatib, who deals with you with all kindness, and thank you to the entire staff of this company.
Is ACY Securities suitable for scalping?
Yes, you can practise trading on a demo account with ACY Securities. This account is loaded with $100,000 of virtual funds and expires after 30 days. However, you can always create a new one using a new email and password. The move to Sydney also marked the beginning of international expansion for the firm, which soon opened offices in China and other countries in Asia. 2018 saw the company acquire leading Australian forex dealer, Synergy Financial Markets (SynergyFX), and its customer base expanded around the world.
You can choose to trade CFDs on over 1,600 instruments covering stocks, forex, indices and commodities. ACY Securities offer CFDs on over 2,200 different trading instruments including forex, metals, indices, commodities, ETFs and shares. Many firms choose only to offer proprietary software, which can often be clunky, slow and under-developed. ACY Securities chooses to operate with reliable MetaTrader platforms because they are known and trusted by traders around the globe.
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. The education section on ACY Securities’ website serves as a comprehensive resource hub for traders of all skill levels. ACY Securities offers three types of accounts, including spread-based and commissions-based accounts. ACY Securities provides 24/5 customer support via online chat, phone, and email. I experienced the promptness and professionalism of the broker’s support team. This selection of options is sufficient for mobile-based trading.
Add a Review
Traders should understand the differences between regulations to evaluate whether the broker suits their needs. Whether you want to get to grips with the platform or try out some trading strategies risk-free, demo accounts are a great way to refine your skills. Our ACY Securities found that the broker offers a demo account loaded with $100,000 in virtual funds. This account expires after 30 days and it is easy to switch to a live account at any time. Open a live trading account and start trading the global markets on our MT4 or MT5 trading platforms with your choice of trading accounts. There is a very high degree of risk involved in trading securities.
I prefer using a mobile app when I don’t have access to the coinspot reviews desktop platform, but need to monitor the market and open positions. While the app is helpful in certain circumstances, it is not as efficient as the desktop platform, which remains the primary solution for traders who require fast and active trading capabilities. From my estimation, ACY Securities provides competitive fees for GBP/JPY, Gold, WTI Oil, Apple, Tesla, Dow Jones, and Bitcoin at its Standard Account.
The broker’s research and educational content, however, could be greatly improved upon. The broker stands out for its versatile deposit and withdrawal options, including cryptocurrencies. My research indicates that ACY Securities also excels in research support, particularly due to its in-house market analysis and integration of valuable third-party tools.
Compare Trading Instruments
If you have experience trading with ACY Securities please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by ACY Securities and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare ACY Securities with the top 3 similar brokers that accept traders from your location.
For clients observing the Muslim faith, it’s important to note that the Islamic Account option is exclusively available with the Standard Account. Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day. The company is a reputable broker and has been recognised with several awards.
How long does it take to withdraw money from an ACY Securities account?
Despite the initial time and effort required, traders who invest in this learning, ultimately gain a powerful tool that helps achieve better trading results. While beaxy exchange review the general look of the MetaTrader 5 platform may seem a bit outdated, I find the platform fairly intuitive and easy to learn. However, for novice traders who have never had experience with this platform, it may initially appear overwhelming. ACY Securities provides the standard MT5 offering, so those who have previously used the platform with other brokers will be ready to trade in a couple of minutes. ACY Securities customer support is available 24/5 via online chat, email, and phone. During my tests, I posed various inquiries to the customer support team through live chat asking about negative balance protection, types of accounts, and typical spreads and swap rates.
Deposits are also free of charge for Australians but international users may be charged for international bank transfers. If you contact ACY Securities customer support, they can convert your account to a swap-free Islamic account. Swap-free accounts are halal, not haram, and compliant with Sharia law. Swap-free trading is only available under the Standard account type. This ACY Securities account type starts with a minimum deposit of $200 and spreads can be as low as 0.0 pips.
Additionally, the broker does not charge any non-trading fees offering a more cost-effective trading environment. My research showed that the company is not publicly traded and does not operate a bank. Clients can find the regulatory details in a separate section of the broker’s website. The details of the broker’s account offering are placed in the Account Types page. ACY Securities has a dedicated education portal that provides a range of forex learning resources designed to help traders at all levels.