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ACY Securities Forex Broker Review

Established in 2013, ACY Securities has become recognised as a global leader. It operates from ACY Tower in Sydney, and has additional offices in Taiwan, China and Malaysia. The company’s ECN, multi-asset trading platform gives clients the freedom to execute their trading goals, supported by state-of-the-art technology, smart educational solutions and first-class customer support.

 

Offering of Financial Investments

ACY Securities provides access to a range of forex major pairs, stock indices, precious metals, commodities and a range of CFDs. In total, it will give you access to over 60 different classes of financial instruments. Leverage trading is capped at the standard limits of 1:50, 1:100, 1:200 or 1:500 depending on the instrument.

  • Major, minor and exotic forex pairs
  • Precious metals, including gold
  • Stock indices
  • Commodities, including crude oil
  • Share CFDs

ACY Securities Trading Account Types

Trading on the ACY Securities platform is delivered through three main account types: stpECN, zeroECN and MT5XChange. The stpECN account offers fast execution speeds, liquidity from multiple banks, anonymous trading and spreads from around 1.0. The zeroECN account offers much tighter spreads (starting from as low as 0.0 pips), access to liquidity pools, and quick execution speeds. There is also a pureECN account, which is a more selective account type, and provides a premium trading experience. A minimum deposit of $20,000 is required to access this account.

 

ACY Securities Commission and Fees

The commissions you get charged will depend on the type of account you have opened with ACY Securities. The stpECN account is a zero commission account, though the spreads are much higher. The pureECN and zeroECN accounts have a $6 and $5 roundtrip commission respectively. There may be withdrawal fees charged to your account if you exceed your free transaction limit each month.

ACY Securities Platforms and Tools

Trading is delivered through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, without offering many additional features beyond the standard scalping and hedging tools that come with the MetaTrader package. While this might be a negative for newer or intermediate traders, advanced traders might not be put off by the lack of advanced features, given how customisable the MT4 and MT5 platforms are.

ACY Securities Research

The ACY Securities platform provides a range of research tools to help your trading strategy. This includes an economic calendar, market analysis webinars, forex trading e-books, and a number of premium trading resources that include trading courses.

 

ACY Securities Mobile Trading App

ACY Securities does not provide access to a dedicated trading app, with mobile trading delivered through dedicated mobile versions of the MT4 and MT5 apps. These are available in browser-based, Android, and iOS versions.

Should I Trade with ACY Securities?

Based on the findings of our ACY Securities review, we can safely say that this broker has put together a really solid package. Although not quite as feature-rich as other platforms, traders will be impressed by the excellent trading conditions that include raw spread accounts offering 0.0 pips. The ECN No Dealing Desk system provides quick execution speeds and accurate market prices. Additionally, customer support is clearly at the centre of everything that ACY Securities does – there is a multilingual customer support team on hand 24 hours a day, five days a week.

Pros

  • Good range of asset classes
  • Tight spreads
  • Good research and education materials

Cons

  • Not as feature-rich as other platforms
  • High deposit minimums on zeroECN and pureECN accounts
  • No bonus schemes for new or established users

FAQs

Who are ACY Securities?

ACY Securities is an ECN, multi-asset broker founded in 2013 in Sydney, Australia. It provides access to over 700 different asset classes, with a particular focus on the global market. Although it provides access to a range of different asset classes, it is particularly well-known as a forex broker.

Are ACY Securities trustworthy?

In terms of whether ACY Securities is legit or a scam, you will be glad to know that the firm is fully regulated to operate as a multi-asset broker, and it has licenses issued by the Australian Securities and Investments Commission (ASIC).

Is ACY Securities an ECN broker?

ACY Securities is a true ECN broker, meaning that it uses its ‘electronics communication networks’ to directly access the currency markets. From a trader’s perspective, this provides you with better price transparency and the reliability of deep liquidity, though the spreads may be higher than with an STP broker.

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