ACY Capital – A Comprehensive Review of the Vanuatu-Based Forex Broker
In this review, we will look at the features of ACY Securities. It is a regulated broker, offering three types of accounts. ACY also offers up to 1:500 leverage and a client portal. We will also discuss how the broker handles client funds and accounts. Ultimately, this review will help you choose the right broker for your trading needs.
ACY Securities is a regulated broker
ACY Securities is a Vanuatu-based company regulated by the Vanuatu Financial Services Commission. The company is known as one of the most influential Forex brokers in the industry. It offers clients ultra-fast order execution, liquidity from 16 global banks, and direct access to Equinix servers in New York. Moreover, it is regulated by ASIC and segregates client money at top-tier banks. It also offers discretionary negative balance protection.
Customers can contact ACY Securities 24 hours a day, seven days a week through telephone, email, and live chat. The broker also offers multilingual support. Its customer support team responds to queries quickly and courteously. In addition, the website provides an extensive selection of educational materials. This includes market news and an economic calendar.
Founded in 2013, ACY Securities offers cutting-edge technology to navigate the financial markets. In 2018, the company acquired Synergy Financial Markets, an Australian forex trading platform that had tens of thousands of clients globally. The acquisition expanded the company’s global presence and solidified its position as a reputable broker.
ACY Securities offers trading on over 1800 instruments and 60 Forex pairs. Customers can choose from a range of trading platforms, and commissions are low. However, there are a few drawbacks. One is that the broker is not available in the US. ACY Securities is an excellent choice if you are an Australian resident looking for a CFD broker.
It offers three types of accounts
ACY Capital has several types of accounts for traders to choose from. There are commission-based accounts, spread-only accounts, and accounts that offer both commission and spreads. Each type offers different features and benefits. These include competitive pricing, one-click trading, and risk-control capabilities.
The standard account, which is the most basic, offers free withdrawals and deposits within Australia. Withdrawals outside of Australia incur fees. Depending on the account type, the fee may be higher or lower than the fee for a deposit. There may be third-party charges for international transfers. Australian clients can make three free withdrawals a month.
If you prefer to trade on the foreign exchange market, you may want to open an account with ACY Securities. The standard account allows you to trade using spreads starting at 0.0 pips, and leverage up to 1:500. To open an account, you will need a minimum deposit of $50. Depending on your preferences, you can also choose an account with a commission. You can also open an account with a demo account, which allows you to practice trading before committing your own money.
ACY Securities offers over 63 tradable assets, including forex and cryptocurrency, as well as CFDs. The company offers MT4 and MT5 platforms. It also offers a proprietary ICHI Scalper to enhance your trading experience. However, there is one downside to ACY Securities: Its educational material is outdated and has few useful references for traders.
It offers maximum leverage of 1:500
ACY Capital allows traders to take advantage of leverage to control large amounts of capital with small initial deposits. Its leverage ratio is higher than the industry average of 1:200, meaning you can control $500 worth of assets with just $1 investment. However, it is important to use leverage carefully. While it can amplify your profits, it can also result in large losses, so it is vital to manage your risk appetite.
ACY Securities is an Australian multi-asset broker that is regulated by VFSC and ASIC. It offers access to the forex and CFD markets through MetaTrader 4 and 5 platforms. It offers leverage up to 1:500, and offers three types of trading accounts. Depending on your needs, you can use one of these accounts to trade forex, CFDs, or a combination of the three. The best part is, there are no deposit or inactivity fees.
ACY Securities offers a demo account that you can use to practice trading. The platform allows users to trade forex, shares, indices, precious metals, commodities, and ETFs. Its platform supports MetaTrader 4 and 5, the industry’s most widely used platforms. Traders can use these platforms to access their accounts, which offer a wide range of tools and features. ACY Securities offers 24/5 multilingual customer service.
It offers a client portal
ACY Capital has developed a client portal called CLOUDHUB, which provides a variety of services for its investors. The portal is accessible by logging in to your account and selecting from a number of payment methods. Funding methods include credit/debit cards, e-wallets, Fasapay, Skrill, and Duko Wallet. Withdrawal methods are most convenient through your local bank account. For international transfers, the company charges $25 USD, plus 3% merchant fees.
ACY Capital offers three different account types: spreads-only, commission-only, and spread-plus-commission accounts. Each type of account has different fees and features. In addition to commissions, each account type also charges a rollover fee on positions held longer than one day.
It offers commission-free trading
ACY Capital offers three types of accounts: commission-free, commission-only, and spread-only. Each account type is distinguished by the level of technology, pricing, and deposit and qualification requirements. The minimum deposit amount for each account type is $100. Funding fees are also part of the cost.
ACY Securities provides 24-hour customer support in several languages, including English and Spanish. Traders can contact customer support via phone, email, and live chat. ACY Securities also provides multiple online resources, including an economic calendar and news. Customers can access these resources to learn about trading and investing.
ACY Capital offers commission-free trading for some accounts. You may have to pay a small service fee if you want to withdraw funds overnight. These fees are calculated based on the difference in interest rates between two currencies. However, the spreads are lower for some accounts than others.
ACY Securities also offers CFDs on several assets. In addition to trading currencies, users can trade precious metals like gold and silver against the USD. This market is volatile, so beginners should select low leverage in this segment. They also offer CFDs on natural gas and crude oil. The spreads on these two commodities start at 0.0 pips and can be traded on MetaTrader 4 or 5 platforms.
ACY Securities also offers mobile trading through its MT4 and MT5 mobile apps. These apps are compatible with iOS and Android devices. These mobile apps have a number of features, such as real-time news feeds and push notifications.
