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ACY Securities Review

Steven Hatzakis

November 22nd, 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

ACY Securities is a MetaTrader-only broker with a reasonable range of markets and a balanced account offering. The broker’s research and educational content, however, could be greatly improved upon.

ACY Securities pros & cons

Pros:

  • Offers the full MetaTrader suite (MT4 and MT5).
  • Proprietary ICHI Scalper EA available for algorithmic trading.
  • Offers a good range of CFD markets.
  • Competitive spreads on gold, and commission-based ProZero account with discounts available via an active trader program. Finologix charts have a good foundation for ACY’s proprietary platform development and are integrated into the ACY Cloud client portal. Share trading is available on MT5.
  • Yearlong Trading Cup competition crowdsources the best day traders to compete for allocations, akin to a proprietary trading firm.

Cons:

  • Content in Market News section is outdated.
  • Per-trade fee for commission-based forex accounts is more expensive for international clients, but discounted if you are Australia-based.
  • Spreads on standard account are slightly higher than industry average; while ProZero account spreads are lower, the round-turn commission is twice as high outside Australia.
  • Educational content is poorly organized.

Overall Summary

FeatureACY Securities
Overall 4 Stars
Trust Score74
Offering of Investments 4 Stars
Commissions & Fees 4.5 Stars
Platforms & Tools 3.5 Stars
Research 3 Stars
Mobile Trading 4 Stars
Education 3 Stars

Is ACY Securities safe?

help 74
Trust Score

ACY Securities is considered average-risk, with an overall Trust Score of 74 out of 99. ACY Securities is not publicly traded and does not operate a bank. ACY Securities is authorized by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). ACY Securities is authorised by the following tier-1 regulator: the Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.

Regulations comparison

FeatureACY Securities
Year Founded2011
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses1
Tier-2 Licenses0
Tier-3 Licenses0
Trust Score74

Offering of investments

ACY Securities offers CFDs across a variety of popular asset classes that include equities, ETFs, commodities, metals, forex and cryptocurrencies.

Cryptocurrency: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.

ACY Securities offering of investments:

FeatureACY Securities
Forex Trading Yes
CFD Trading Yes
Tradeable Symbols (Total) 1600
Forex Pairs (Total)62
US Stock Trading (Non CFD) No
Int'l Stock Trading (Non CFD) No
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading / Copy-Trading Yes

Commissions and fees

ACY Securities caters to a wide variety of traders by offering both low-deposit and commission-based account options. While pricing on its Standard account is slightly higher than the industry average, the ProZero account effective spreads are slightly better than the industry average. If you reside in Australia, the all-in cost is even lower.

Account types: ACY Securities offers three account types with varying minimum deposits, spreads and commissions. Additionally, an active trader program with 10 tiers can lower your trading costs by 0.5 pips per lot if you have more than 50 standard lots in monthly volume.

Trading costs: The Standard account is commission-free with spreads averaging 1.2 pips on the EUR/USD in September 2021, and requires just a $50 deposit – but it has wider spreads than ACY’s commission-based ProZero and Bespoke accounts, where average spreads drop to 0.25 during the same period. The commission-based accounts require larger minimum deposits, starting at $200 for the ProZero account and $10,000 for the Bespoke account. The commission rate varies from $5 per round turn (RT) on the Bespoke account to $6 per RT on the ProZero. It’s worth noting again that, for residents of Australia, the commission on the ProZero account drops to $3 per RT, bringing the effective spreads to 0.55 in September 2021. That’s comparable to pricing from category leaders such as Tickmill.

Trading Cup contest: In this yearlong contest, traders are eligible to receive allocations ranging from $50,000 to $500,000 for a total of $1 million across the top five finalists. Unlike most bonuses that are volume-based, the Trading Cup contest requires at least 10 round-trip trades of any amount to be eligible — but the catch is that winners can only withdraw up to 50% of any profits and must adhere to strict money management guidelines.

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ACY Securities pricing summary:

FeatureACY Securities
Minimum Deposit$50
Average Spread EUR/USD - Standard1.2 (Sept 2021)
All-in Cost EUR/USD - Active0.85 (Sept 2021)
Active Trader or VIP Discounts Yes
Execution: Agency Broker No
Execution: Market Maker No

Mobile trading apps

Apps overview: As ACY Securities is a MetaTrader-only broker, iOS and Android versions of the MT4 and MT5 app come standard and are both available for download from the Apple iTunes store and Google Play store, respectively.

Ease of use: Most brokers now offer the MT4 and MT5 mobile apps due to the user-friendly interfaces and variety of standard features. The MT4 app makes viewing and managing positions simple and easy, but it doesn’t support algorithmic trading – for that you’ll need the desktop app.

Charting: Accessing functions such as changing the time frame or chart tap is as easy as tapping and holding the screen, which brings up the quick pie menu.

Trading tools: The Tradays app powers the economic calendar feature for both MT4 and MT5. This requires a separate installation that launches from within the MetaTrader app. Traders can also benefit from the specialized MetaTrader community features in the app, which can be accessed by logging into the MQL5 community.

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ACY Securities mobile trading:

FeatureACY Securities
Android App Yes
Apple iOS App Yes
Alerts - Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting - Indicators / Studies(Default MT5)
Charting - Draw Trendlines Yes
Charting - Trendlines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave Yes
Forex Calendar No

Other trading platforms

In addition to MT4 and MT5, there is the option to integrate ACY Securities’ ICHI Scalper plug-in for algorithmic trading; but there are no other significant add-ons to help the broker stand out from among the best MetaTrader brokers.

Platform overview: The full MetaTrader suite is available — albeit the standard, run-of-the-mill versions — for MacOS and Windows, alongside the web version that can be accessed via any modern browser.

Charting: The MetaTrader platform suite is well-known for its adaptable charting software. User-friendly and functional, it allows users to drag and drop from the default list of nearly 50 indicators. Zooming in and out and rearranging windows and tabs is a breeze on both MT4 and MT5.

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ACY Securities trading platform:

FeatureACY Securities
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
cTrader No
DupliTrade No
ZuluTrade No
Charting - Indicators / Studies (Total)(Default MT5)
Charting - Drawing Tools (Total)(Default MT5)
Charting - Trade From Chart Yes
Watchlists - Total Fields(Default MT5)
Order Type - Trailing Stop No

Market research

ACY Securities provides basic research coverage in the form of daily market analysis in written and video format. The market research articles include a good balance of written content and associated multimedia such as charts and graphs. Though ACY’s offering has variety, it still trails the best brokers in the category, such as IG and Saxo Bank.

Research overview: ACY Securities’ main research offering is its Daily Market Report video series, which is complemented by detailed written articles that cover fundamental and technical analysis.

Market news and analysis: The Latest News and Market Analysis sections of the ACY Securities website provide timely, up-to-date information. However, I found the content filed under the Market News and Trade Ideas sections to be outdated.

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ACY Securities research:

FeatureACY Securities
Daily Market Commentary Yes
Forex News (Top-Tier Sources) No
Weekly Webinars No
Autochartist No
Trading Central (Recognia) No
Delkos Research No
Social Sentiment - Currency Pairs No
Economic Calendar Yes

Education

With over 50 articles and over a dozen videos, ACY Securities has built a good foundation of content for its educational offering. It’s an impressive start, but ACY Securities still lags the best brokers in this category.

Learning center: I found ACY Securities to have good-quality educational content, on par with the industry average, in both video and written format. It also provides daily educational webinars, with at least 30 archived on ACY Securities' YouTube channel.

Room for improvement: ACY Securities’ educational offering could be improved by adding the ability to filter and organize its content by experience level. I’d also like to see a general expansion of the topics covered. Some of the best brokers in this category offer lesson programs, complete with quizzes and progress tracking.

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ACY Securities education:

FeatureACY Securities
Has Education - Forex or CFDs Yes
Client Webinars Yes
Client Webinars (Archived) Yes
Videos - Beginner Trading Videos Yes
Videos - Advanced Trading Videos No
Investor Dictionary (Glossary) No

Final thoughts

ACY Securities provides access to a decent range of markets and over 1,600 symbols by way of its offshore and Australian entities. As a MetaTrader-only broker, it also gives traders access to the powerful MT4 and MT5 trading platforms.

I was impressed by its commission-based accounts, and by tools like its proprietary ICHI Scalper. Some significant limitations come along with those benefits, however, such as sparse educational content and out-of-date research materials.

About ACY Securities

Founded in 2011, ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) and in Vanuatu, ACY Capital Australia Limited is regulated by the Vanuatu Financial Services Commission (VFSC).

2021 Review Methodology

For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure (read about Trust Score here).

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. 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." Learn more.


About the Author

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.








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