ACY Securities review
- Minimum Spreads for Major Currencies
- 0.0 pip
- Available markets
- Over 2,200 instruments across CFDs on shares, forex, indices, commodities, precious metal, ETFs and cryptocurrencies
- Platforms
- MetaTrader 4
MetaTrader 5
Our verdict
Trade CFDs on stocks, forex, crypto and commodities on MT4 or MT5.
ACY Securities is an award-winning broker that allows you to trade CFDs on over 2,200 instruments across 6 asset classes - including forex and crypto. The broker also offers low-cost-trading, strong analytic tools and fast execution.
With a number of assets to trade across, a high Trust pilot score and competitive trading fees, ACY would suit most active traders.
Pros
-
Offers both MetaTrader 4 and MetaTrader 5
-
Offers a range of CFD markets
-
Low deposit limits
-
Competitive spreads
-
Share trading available through its MetaTrader 5
-
Demo accounts for new investors
Cons
-
CFDs are risky - make sure you're fully aware of these risks before you decide to start trading
-
Educational resources lacking
-
You can't purchase shares or any other asset - you trade via CFDs only
Details
Forex details
| Type of broker | Online |
| Available markets | Over 2,200 instruments across CFDs on shares, forex, indices, commodities, precious metal, ETFs and cryptocurrencies |
| Minimum Spreads for Major Currencies | 0.0 pip |
| Commission | $0 |
| Minimum opening balance | $50 |
| Minimum Trade Size | 0.01 Lot |
| Leverage | 30:1 |
| Platforms | MetaTrader 4 MetaTrader 5 |
| Support | Phone, email, and livechat |
| Go to site More Info |
CFD details
| Type of broker | Online |
| Available CFD markets | Australian Stocks, Bonds, Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices, Metals (CFDs only) |
| Commission - ASX 200 Shares | No commission |
| Minimum Opening Deposit | $50 |
| Minimum trade size | 0.01 lots |
| Platforms | MetaTrader 4 MetaTrader 5 |
| Support | Phone, email, and livechat |
| Go to site More Info |
About ACY Securities
ACY Securities is a CFD provider that offers low-cost trading to its clients.
Starting in 2013 in Sydney, ACY Securities is an award-winning broker that prides itself on having cutting-edge technology, allowing investors faster execution.
It is a MetaTrader-only broker but offers a range of products and markets starting from relatively small minimum deposit limits.
What can I trade?
ACY Securities offers you the chance to trade CFDs across a variety of asset classes, including:
- Shares
- Exchange-traded funds (ETFs)
- Commodities
- Metals
- Forex
- Cryptocurrencies
Key features
Low deposit and fees
One advantage for Aussie investors is its low deposit and fees for those who live in Australia.
MetaTrader 4 platform
MetaTrader 4 (MT4) gives you access to advanced charting, automated trading and customisable dashboards.
With ACY you can trade over 110 CFDs including forex, indices, commodities, gold and digital currencies, available on both mobile and desktop platforms.
MetaTrader 5 platform
Not only will you gain access to the popular MT4 but you can also trade with MetaTrader 5 (MT5) through ACY.
Through this platform, ACY offers 2,200 instruments across CFDs on shares, forex, indices, commodities, precious metal, ETFs and cryptocurrencies, through either desktop or mobile.
LogixTrader
ACY also offers its own web-based trading platform designed for both beginners and experienced traders. It includes advanced charting tools and order types, as well as a demo account.
Mobile trading app
Like many other CFD providers, ACY is also available as a mobile app. For the most part, functionality between desktop and mobile remains fairly similar.
The easy-to-use app, which is available on both iOS and Android, will allow you to seamlessly use most trading tools, while charts can be viewed by tapping and holding the screen.
On the downside, algorithmic features, such as using computer codes and chart analysis to enter and exit positions, are unavailable on the mobile app. If you want to trade based on a strategy such as price movements or volatility levels, you'll need to stick with your desktop.
Account types and fees
| Standard | ProZero | Bespoke | |
|---|---|---|---|
| Initial minimum deposits | $50 | $200 | $10,000 |
| Minimum trading volumes | 0.01 lot | 0.01 lot | 0.01 lot |
| Spreads from | Variable | 0.0 pips | 0.0 pips |
| Commission starts from | Zero | $$1.50/lot per side | $1.50/lot per side |
| Leverage up to | 30 to 1 | 30 to 1 | 30 to 1 |
| Global stocks | Through MT5 | Through MT5 | Through MT5 |
Is ACY legit?
ACY Securities is legit.
The broker is authorised by the Australian Securities & Investments Commission (ASIC) which is considered a tier-1 (high-trust) jurisdiction.
The company also operates overseas, meaning it is regulated by foreign advisers.
Market research
This is one of the areas where ACY Securities could improve compared to its competitors.
While it does offer market research articles, seminars, ebooks, free training webinars 3 times per week every week and a daily market report video series which can help you get started, these features are not as comprehensive as some of its larger competitors.
Support available for customers
Headquartered in Australia, ACY offers support 24 hours a day, 5 days a week.
You can get help in a few ways:
- Live chat
- Email support
- Via phone
- Contact us form
How to open an account with ACY
Opening an account with ACY is a relatively simple process and follows most standard CFD brokers.
- Fill out a questionnaire including your personal details and information about your trading history and current experience.
- Upload documents to verify your details.
- Fund your account.
- Find the stocks, CFDs or commodities you want to trade.
- Start trading.
Your reviews
Cameron Finder
Writer
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