Score

7.26 /10
Good

ACY Securities

Australia

10-15 years

Regulated in Australia

Market Making(MM)

High potential risk

A

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Comparison

Quantity 181

Exposure

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Score

Regulatory Index8.38

Business Index8.47

Risk Management Index0.00

Software Index7.54

License Index8.38

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

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Danger

ES CNMV
2024-02-05

Danger

FR AMF
2023-07-13
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MY SCM
2022-01-01
INVESTOR ALERT LIST
ACY Securities

Broker Information

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Company Name

ACY Securities Pty Ltd

Company Abbreviation

ACY Securities

Platform registered country and region

Australia

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-10
  • The number of the complaints received by WikiFX have reached 155 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to Withdraw

ACY's international foreign exchange issue has not been resolved. Now you can get commission rebates after posting this article. It's so shameless.

ACY Xiwan International's foreign exchange backend has closed your order, and the problems have not been solved one after another. Now it sends an email saying that the transaction can be rebate. It is so shameless. I can't get the principal. Are you still trading on your platform? ACY is so stupid and has no brains

2023-12-15 20:37
Unable to Withdraw

The fraudulent platform is exceedingly destructive.

Not long ago, a friend said that he lost money while trading forex on ACY and no longer wanted to continue trading. Now he wants to withdraw money, but can't. Many people around me now believe that ACY is a fraudulent platform. The reasons given by the platform are as follows: first, the withdrawal method is wrong, second, the withdrawal information is wrong, and third, the platform's deposit and withdrawal channels are under forex controls. I think ACY did it on purpose. Among the forex fraudulent platforms, this kind is called a Ponzi scheme, which means you get the money and run away. If an investor encounters a forex platform that refuses to withdraw money, the first thing that comes to mind is to contact the regulatory department of the forex platform to lodge a complaint. If the forex platform accepts stricter supervision, investors should be able to get their funds back. But in most cases, such fraudulent platforms are not regulated, and investors can only resolve them through legal channels. But most of the time, nothing happens in the end. For example, on the ACY platform, most investors currently have not withdrawn their funds. Forex is a very popular investment project nowadays. More and more newcomers are blindly entering the investment market, making the forex a target for scammers. The endless emergence of black platforms has turned the forex market into a mess! Moreover, these mixed platforms are constantly using new tricks to deceive investors, so that investors will fall into the trap if they are not careful! Just like my friend's withdrawal from the ACY forex platform was rejected. At first, the platform blamed the agent's account for being abnormal, but the agent seemed to have "disappeared", and then the platform customer service could not be contacted, and even There is no way to open the official website! In the end, investors investigated and found that this was actually a platform that defrauded investors of their funds! In fact, for investors, no matter what investment they make, the choice of platform is the top priority! After all, many investors now go bankrupt because they mistakenly entered the black platform! So in the face of scams under the guise of forex trading platforms, how can we effectively avoid such platforms with unsafe factors when there is no way to identify the platform as a black platform? Nowadays, black platforms use false propaganda to attract investors to deposit money and use any means to obtain their hard-earned money. Can investors just let it be at their mercy? In fact, you can be more careful: first of all, many black platforms currently do not have forex trading licenses. They can only steal the licenses of formal forex platforms, buy a foreign domain name, register a similar broker name, and clone all the information from the formal platform. It is difficult to distinguish between true and false. Secondly, I mentioned above that another type of black platform is purely a case of fraud, which is to register a shell company with a similar name, claiming to be funded by a foreign central bank, or a regular platform, and hook up a number of internationally renowned securities firms. , investment bank investment, subject to state supervision, in fact, this information is false.

2024-04-16 20:27
    Sources
    ACY Securities · Company summary
    ACY Securities Review Summary in 10 Points
    Founded 2011
    Registered Country Australia
    Regulation (AUS) in Australia
    Market Instruments Stocks, FX, Commodities, Indices, ETFs
    Demo Account Available
    Leverage 500:1
    EUR/USD Spread Low
    Trading Platforms MT4, MT5
    Minimum deposit $50
    Customer Support 24/5 live chat, phone, email

    What is ACY Securities?

    ACY Securities is a multi-financial broker regulated by the Commonwealth of Australia Regulatory Authority (AUS) in Australia. Since 2011, the company has relied on its keen insight into the market, effective demand management, client-oriented & advanced technology, and perfect educational resources to help more institutional participants and retail traders integrate into the ever-changing financial derivatives industry.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    What is ACY Securities?

    Pros & Cons

    ACY Securities offers a comprehensive trading experience with access to multiple assets through the industry-standard MT4/MT5 platforms. It shines in stringent regulation in Australia, low minimum deposits required, competitive spreads and commissions, trading tools, educational resources, and more. However, some traders have reported issues with severe slippage and withdrawals. While ACY provides demo accounts for practice, it's crucial to evaluate the potential drawbacks alongside the benefits before committing to a live account.

    Pros Cons
    • Strictly regulated in Australia • Reports of severe slippage and withdrawal issues
    • Multiple trading assets and funding options
    • Demo accounts available
    • MT4 and MT5 supported
    • Low minimum deposit ($50)
    • Competitive spreads and commissions
    • Trading tools and educational resources available
    • Multiple communication channels available

    Note: These pros and cons are based on the information provided and may not be exhaustive.

    ACY Securities Alternative Brokers

    There are many alternative brokers to ACY Securities depending on the specific needs and preferences of the trader. Some popular options include:

    RoboForex - A reliable broker with a wide range of trading platforms, but with high fees and a limited product portfolio.

    Hantec Markets - A good choice for experienced traders seeking a range of markets and trading platforms, but with limited educational resources and high fees.

    Key Way Investments - A decent broker for beginners with a strong focus on education and low fees, but with a limited product range and average customer service.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is ACY Securities Safe?

    Currently, ACY Securities has two entities regulated by the Commonwealth of Australia Regulatory Authority (AUS) in Australia. The only difference lies in license type: ACY SECURITIES PTY LTD holds a Maket Making license under license no. 403863 and ACY CAPITAL PTY LTD holds a STP license under license no.474738.

    Is ACY Securities Safe?
    Is ACY Securities Safe?

    Market Instruments

    ACY Securities offers access to over 2200+ trading instruments, covering Forex, Indices, Commodities, Cryptocurrencies, ETFs, Shares as well as Futures. This allows traders to diversify their trading portfolio and take advantage of different market conditions. With so many options, traders can find opportunities in multiple asset classes and take positions based on their trading strategies. The variety of instruments offered by ACY Securities makes it a versatile platform for traders looking for diverse opportunities in the financial markets.

    Market Instruments

    Accounts

    In terms of accounts offered, both demo accounts and live trading accounts are available on the ACY Securities platform.

    Demo Accounts

    ACY Securities demo accounts are funded with $100,000 in virtual funds, replicating the real trading experience. Traders can access over 2,200 tradable assets through the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, allowing them to familiarize themselves with the platform's features and functionalities before committing real capital.

    Accounts

    Live Trading Accounts

    For live trading accounts, ACY Securities presents three options: Standard, ProZero, and Bespoke. The Standard account requires an initial minimum deposit of $50, with subsequent minimum deposits set at $50 as well. Both the ProZero and Bespoke accounts mandate a higher initial minimum deposit of $200 and $10,000, respectively. Regardless of the account type, all three options allow traders to open positions with a minimum trading volume of 0.01 lot. Notably, while the Standard account offers swap-free (Islamic) trading, this feature is not available for ProZero and Bespoke accounts.

    Live Trading Accounts

    All account base currencies are available in USD, AUD, EUR, GBP, NZD, CAD, JPY, targeting traders from a broader range of areas.

    Leverage

    ACY Securities currently provides 50:1, 100:1, 200:1, 300:1, 400:1, and 500:1 leverage to meet investors' various needs. The maximum leverage for commodities and precious metals is 1:500, the stock index is 1:100, and for share CFDs is 1:25.

    While leverage can amplify potential profits, it also increases the risk of significant losses. Therefore, it's important for traders to understand the risks involved and use leverage responsibly, especially for beginner traders who should start with lower leverage until they gain more experience.

    Spreads & Commissions

    Spreads and commissions with ACY Securities are scaled with the accounts offered. Specifically, the spread is variable on the Standard account, and from 0.0 pips on the ProZero and Bespoke accounts.

    Note that the ProZero and Bespoke accounts have a commission-based pricing structure, which means that while the spreads can be tighter, traders need to pay a commission on top of the spread. Specifically, $3 per lot per side on the Bespoke account, 2.5/lot per side on the Bespoke account. In contrast, there is no commission charged for the Standard account.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    ACY Securities From 0.0 pips No commission on Standard,$3/lot per side on ProZero, $2.5/lot per side on Bespoke
    RoboForex From 0.0 pips $20/lot per side
    Hantec Markets From 1.2 pips No commission
    Key Way Investments From 0.7 pips No commission

    Note: Spreads can vary depending on market conditions and volatility.

    Trading Platforms

    ACY Securities provides clients with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for desktop, mobile, and web. These platforms are renowned for their user-friendly interfaces and advanced charting capabilities, as well as their extensive range of technical indicators and trading tools.

    With MT4 and MT5, traders can customize their trading experience to suit their individual needs, and execute trades quickly and efficiently. The mobile and web versions of the platforms allow traders to access their accounts on-the-go, ensuring that they can always stay up-to-date with market conditions and execute trades at their convenience.

    Trading Platforms
    Trading Platforms

    Overall, the availability of these well-established trading platforms can be a significant advantage for traders who are looking for a reliable and versatile trading experience.

    See the trading platform comparison table below:

    Broker Trading Platforms
    ACY Securities MT4, MT5
    RoboForex MT4, MT5, cTrader
    Hantec Markets MT4, WebTrader
    Key Way Investments MT4, WebTrader

    Trading Tools

    ACY Securities offers a variety of trading tools to enhance clients' trading experience. Capitalise.ai is a trading automation platform that enables traders to automate their strategies using natural language. MetaTrader Scripts are designed to help traders automate some repetitive actions in the MT4 and MT5 platforms, such as opening multiple orders or closing all positions at once.

    Signal Start is a platform that provides signals from third-party signal providers, which traders can use to make informed trading decisions. Forex VPS is a virtual private server service that allows traders to run their trading platform and expert advisors (EAs) 24/7 without interruptions. With these trading tools, traders can optimize their trading strategies, improve efficiency, and potentially increase profitability.

    Trading Tools

    Deposits & Withdrawals

    ACY Securities offers approximately 20 funding options including China Union Pay, QR codes, credit/debit cards, e-wallets (PayTrust, DragonPay, Skrill, Neteller), bank transfers, and cryptocurrencies (USDT, BTC, ETH). Minimum deposits range from $50 to $1,000 depending on the method. No deposit fees are charged, and processing time is typically within 24 hours. The platform targeting traders globally with multi-currency support.

    Deposits & Withdrawals

    ACY Securities minimum deposit vs other brokers

    ACY Securities Most other
    Minimum Deposit $50 $100

    You can make 3 free withdrawals per month, and after that, you will be charged $25 per withdrawal in your base currency, or you can wait for the new month to get your free withdrawals again. The amount you withdraw must be the same as the deposit, and you must withdraw within 20 days of the transaction.

    ACY Securities processes withdrawal requests on the same day if received before 16:00 AEST; requests received after that time will be processed on the next business day. The speed of receiving and clearing funds depends on the withdrawal method chosen. Bank transfers take 2-3 business days, while card withdrawals take 3-5 business days.

    See the deposit/withdrawal fee comparison table below:

    Broker Deposit Fees Withdrawal Fees
    ACY Securities Free for most methods 3 free withdrawals/month, then $25
    RoboForex Free for most methods Depends on the method and country
    Hantec Markets Free for most methods Depends on the method and country
    Key Way Investments Free for most methods Depends on the method and country

    Please note that the fees may vary depending on the specific payment method used and the country of the trader. It is important to check the broker's website for the most up-to-date information on fees and charges.

    Customer Service

    ACY Securities provides multiple channels for clients to get in touch 24/5, including phone, email, live chat, and an online messaging system. Clients can also follow the broker on various social media platforms such as Twitter, Facebook, Instagram, YouTube, LinkedIn, and TikTok. In addition, an FAQ section is available on the website to answer common questions. Overall, ACY Securities' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    Pros Cons
    • Multi-channel support • No 24/7 customer support
    • Live chat support • Some users have reported difficulties resolving issues with customer service
    • FAQ section available
    • Social networks updated

    Note that these pros and cons are based on user feedback and experiences, and may not necessarily be representative of everyone's experience with ACY Securities' customer service.

    Education

    ACY Securities places great emphasis on forex education, providing a wide range of learning resources to help traders improve their trading skills and strategies. The broker offers a variety of educational materials, including webinars, e-books, and premium training resources, catering to traders at all levels, from beginners to experienced professionals.

    The Market Analysis Webinar provides insight into market trends and helps traders stay up to date with the latest news and events affecting the forex market. The Forex E-books are comprehensive guides that cover various trading strategies, tools, and techniques. The Premium Training Resources are designed to provide traders with personalized education tailored to their individual needs, helping them gain a deeper understanding of the forex market and improve their trading performance.

    Education

    Conclusion

    As a whole, ACY Securities is a regulated and reputable broker that offers a wide range of trading instruments, multiple account types, and various trading platforms. The broker also provides traders with educational resources, trading tools, and excellent customer support. However, there have been some reports of slippage and withdrawal issues, which should be taken into consideration.

    ACY Securities may be a suitable broker for experienced traders looking for a diverse range of trading options and strong support, but potential investors should be aware of the risks involved and exercise caution before investing.

    Frequently Asked Questions (FAQs)

    Is ACY Securities regulated?

    Yes. It is regulated by the (AUS) in Australia.

    Does ACY Securities offer demo accounts?

    Yes. Demo accounts funded with $100, 000 in virtual funds are offered.

    Does ACY Securities offer the industry-standard MT4 & MT5?

    Yes. Both MT4 and MT5 are available.

    What is the minimum deposit for ACY Securities?

    The minimum initial deposit to start trading is $50.

    Is ACY Securities a good broker for beginners?

    No. ACY Securities is not a good choice for beginners. Though it advertises very well, there are too many complaints on the Internet.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    News

    NewsACY Securities Eliminates Fees for Cryptocurrency Deposits

    ACY Securities eliminates cryptocurrency deposit fees, offering zero-fee deposits for traders. The update improves cost-effective trading with crypto deposits.

    WikiFX
    2024-10-08 15:16
    ACY Securities Eliminates Fees for Cryptocurrency Deposits

    NewsACY Securities Launches Live Copy Trading on Tradingcup Platform

    ACY Securities introduces live Copy Trading on Tradingcup, revolutionizing access to trading strategies for the community with a $52.6M investment to date.

    WikiFX
    2024-04-04 13:33
    ACY Securities Launches Live Copy Trading on Tradingcup Platform

    ExposureACY SECURITIES rejected the Pakistan Trader’s Withdrawal Request.

    One trader from Pakistan named Usman recently has come forward with allegations against ACY SECURITIES, claiming that the broker rejected his withdrawal request after he made substantial profits. Usman, a young individual from a financially challenged background, deposited $1800 in November and managed to generate a profit of $5700. However, his hopes were shattered when his withdrawal request of $200 was denied by ACY SECURITIES.

    WikiFX
    2023-12-20 17:35
    ACY SECURITIES rejected the Pakistan Trader’s Withdrawal Request.

    NewsACY Securities launches demo Copy Trading

    Australia-based broker, ACY Securities, has unveiled an upgraded version of Tradingcup, introducing innovative features such as an exclusive beta of a copy trading service. The latest release includes a new demo copy trading functionality, allowing users to test the copy trading experience.

    WikiFX
    2023-12-05 17:45
    ACY Securities launches demo Copy Trading

    User Reviews

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    Mahve
    more than one year
    ACY Securities is fantastic! Their spreads are low and competitive, making trading more profitable. Plus, they offer a wide range of market instruments to choose from.
    ACY Securities is fantastic! Their spreads are low and competitive, making trading more profitable. Plus, they offer a wide range of market instruments to choose from.
    Translate to English
    2024-07-12 18:03
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    Huikn
    more than one year
    Does not offer services to retail clients and individual investors. The information and contact details provided on this website are intended for institutional (corporate) clients’ use only. If I am an individual investor I can't trade Forex market on ACY Securities?
    Does not offer services to retail clients and individual investors. The information and contact details provided on this website are intended for institutional (corporate) clients’ use only. If I am an individual investor I can't trade Forex market on ACY Securities?
    Translate to English
    2024-04-19 13:37
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