ACY Securities Review
ACY Securities is a pure MetaTrader broker with a reasonable selection of markets and a well-balanced range of account types. However, the broker's research and education content could do with some improvement.
ACY Securities is a pure MetaTrader broker with a reasonable selection of markets and a well-balanced range of account types. However, the broker’s research and education content could do with some improvement.
ACY Securities is considered to be of average risk, with an overall Trust Score of 75 out of 99. ACY Securities is not publicly traded and does not operate a bank. ACY Securities is authorized by one Level 1 (Very Trustworthy), zero Level 2 (Trustworthy), zero Level 3 (Average Risk), and one Level 4 (High Risk) supervisor. ACY Securities is authorized by the following Tier 1 regulatory body: the Australian Securities & Investment Commission (ASIC).
ACY Securities Details
| Company Name | ACY Capital Australia Limited, ACY Capital Group Pty Ltd | ||||||||||
| Country | Australia, Vanuatu | ||||||||||
| Year Open | 2013 | ||||||||||
| Headquarters | Australia | ||||||||||
| Offices | N/A | ||||||||||
| Employees | 80+ | ||||||||||
| License | VFSC 012868, AFSL 403863/474738 | ||||||||||
| Regulatory Authorities | VFSC, ASIC | ||||||||||
| USA Clients |  No | ||||||||||
| Japanese Clients |  Yes | ||||||||||
| European Clients |  Yes | ||||||||||
| Canadian Clients |  No | ||||||||||
| Restricted Countries | New Zealand, USA, Central African Republic, North Korea, Congo, Guinea-Bissau, Iraq, Lebanon, Mali, Somalia, Sudan, Yemen, Iran, Libya, Syria | ||||||||||
Platforms Supported
| Trading Platforms | MT4, MT4 WebTrader, MT5, MT5 WebTrader, Mobile | ||||||||||
| Mobile Support | MT4 Android, MT4 iOS (iPhone/iPad), MT5 Andoid, MT5 iOS (iPhone/iPad) | ||||||||||
| Trading API | Yes | ||||||||||
| Managed Accounts Featured | No | ||||||||||
| MAMM/PAMM Platform Option | Yes | ||||||||||
| MAMM/PAMM Leaderboard | Yes | ||||||||||
| Trading Platform Time | GMT + 02:00 | ||||||||||
| Observe DST Change | Yes | ||||||||||
| DST Change Timezone | Australian Eastern Standard Time (AEST) | ||||||||||
| Non-expiring Demo | No | ||||||||||
Account Options
| Account Types | Standard, ProZero, Bespoke | ||||||||||
| Min Deposit | 50 USD | ||||||||||
| Max Leverage | 30:1 for clients under Australian jurisdiction, 500:1 for clients under Vanuatu jurisdiction | ||||||||||
| Min Trade Size | 0.01 Lots | ||||||||||
| Max Trade Size | 50 Lots | ||||||||||
| Spreads | ACY Securities Spreads | ||||||||||
| Spread Types | Variable spreads | ||||||||||
| FX Pricing Decimals | 5 | ||||||||||
| Commission | ACY Securities Commissions | ||||||||||
| Rollover (Swaps) | Rollover (Swaps) ACY Securities | ||||||||||
| Stop Out Level | 50% | ||||||||||
| VPS (Virtual Private Server) | Yes | ||||||||||
Advantages
- Offers the full MetaTrader suite (MT4 and MT5).
- Offers a good selection of CFD markets.
- Competitive spreads on gold, and a commission based ProZero account with discounts that are available through an active trader program.
- Finologix charts provide a good foundation for ACY’s proprietary platform development. They are integrated into the ACY Cloud client portal.
- MT5 is available for equity trading.
- Signal Start and SoFinX are added to the social copy trading offering.
- Crowdsourcing the best day traders to compete for allocations, similar to a proprietary trading firm, through a year-long Trading Cup competition.
Disadvantages
- The per trade fee for commission-based forex accounts is higher for international clients, but is discounted if you are based in Australia.
- Standard account spreads are slightly higher than industry average; ProZero account spreads are lower, but round-turn commission is double outside Australia.
- Poorly organized educational content.
- Under its Vanuatu entity, ACY Securities is no longer onboarding clients. The broker is licensed by ASIC and the FSA of St. Vincent and the Grenadines (a jurisdiction with a Tier 5 Trust Score that offers little to no consumer protection).
