ACY Securities Forex Trade Platform and Broker Review

ACY Securities Forex Trade Platform and Broker Review

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ACY Securities Broker Review

ACY Securities, formerly trading as SynergyFX, is a popular Australian forex broker that provides access to over 700 instruments

ACY Securities was established in 2011 and is headquartered in Chatswood, Australia, with main offices in China and Taiwan. ACY Securities has about 200 employees across all of its offices and generates $6.44 million in sales. 

Is ACY Securities Regulated?

Yes, ACY Securities is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

According to the broker’s official website, ACY Securities is under regulation for providing licensed investment and brokerage services within the jurisdiction that both ASIC and VFSC operate. 

ACY Securities’ regulations guarantee several important client protection measures, including segregated client funds, an anti-money laundering policy, and the implementation of a secure privacy policy. 

Is ACY Securities Regulated in the United States?

No, ACY Securities is not regulated in Virginia or any other US state. 

Is ACY Securities Regulated in Europe?

No. ACY Securities is not regulated in Europe but is regulated in Australia and Vanuatu. 

Is ACY Securities regulated in a Tier-1 Jurisdiction?

According to the official  ACY Securities website, ACY Securities is regulated under Tier-1 jurisdiction. 

When a broker is licensed in a Tier-1 jurisdiction, it means they can offer licensed investment services in specific countries, namely Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is ACY Securities regulated in Tier-2 Jurisdiction?

According to the official ACY Securities sources, ACY Securities is not regulated under Tier-2 jurisdiction. 

With Tier-2 jurisdictional licensing, an entity will be able to provide licensed services in specific countries. These include the British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in ACY Securities?

ACY Securities offers its clients access to either MetaTrader 4 or MetaTrader 5. Both of these are highly popular choices from the MetaQuotes offering. 

  1. MetaTrader 4 from ACY Securities offers traders a wide range of features including advanced charting, automated trading, and a fully customizable dynamic dashboard.

Users can take positions with ACY's MT4 platform on over 700 CFDs including shares, FX, indices, commodities, ETFs, and much more. The platform is available on desktop, mobile, and tablet versions.

  1. MetaTrader 5 from ACY Securities offers flexible lot sizes, level II pricing, and advanced tools. Users can hedge their current positions, access partial order filling, and view full level II market depth. 

Does ACY Securities Have a News Blog for Forex News?

Yes. ACY Securities has a free news blog available on its official website. Traders can access the blog directly from the News section on the broker’s website, and see the latest news, market analysis, and trade ideas. 

Does ACY Securities Have a Traders Dashboard?

No, ACY Securities does not provide a Traders Dashboard. Some brokers will offer a Traders Dashboard as an additional tool by which users can oversee various data streams about currency price fluctuations and fundamental analysis. 

Does ACY Securities Have an Educational Section?

Yes, ACY Securities has an education system for Forex Traders. To join the education system, users can simply navigate to the Education section to access the various free educational resources offered by ACY Securities. 

What is the content of ACY Securities Forex Education?

There are different lectures under the various educational categories. These categories include eBooks, Trading Courses, and Seminars and Webinars. 

The EBooks section consists of seven lectures, which are listed below. 

  1. Importance of choosing the right company
  2. Forex industry
  3. Fundamental analysis
  4. Technical analysis
  5. Risk management
  6. How George Soros broke the bank of England 
  7. Successful Trading is an art form. 

The Trading Course teaches users how to develop their trading edge, using a framework which Chief Market Analyst has honed over the last 15 years of trading in the markets. Traders must sign up to join the Trading Course.

The Seminars and Webinars consist of various topic events for which traders can register. Some of the latest topics include Live Market Review; and Forex, Indices, Stocks, and Precious Metals.

Is ACY Securities Legit?

Yes, ACY Securities is a legit Forex Broker and Trade Platform. ACY Securities has ASIC and VFSC legal certificates to perform Forex Broker and trading services.

Is ACY Securities Safe?

ACY Securities is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in two global jurisdictions, as described below:

  • ASIC regulates ACY Securities in Australia
  • The VFSC regulates ACY Securities in Vanuatu

ACY Securities holds client funds in segregated accounts and is a member of independent external dispute resolution schemes.

Is ACY Securities a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, online support, and cryptocurrencies, ACY Securities is a good broker. 

  1. In terms of trading speed, ACY Securities offers ultra-fast execution and direct access to its Equinix servers in New York and Asia, with execution speeds under 30ms.
  2. In terms of security, ACY Securities safeguards its clients’ information through SSL encryption and 2-step authentication procedures. 
  3. In terms of online support, ACY Securities offers a live chat button on the contact page of its website. This allows prospective traders and existing clients to resolve any queries they might have in real-time.  
  4. In terms of cryptocurrencies, clients can trade the top five cryptocurrency CFDs, including Bitcoin, Ripple, Ethereum, Litecoin, and Bitcoin Cash, without a Crypto wallet. 

What is the Offering of Investment in ACY Securities?

Offerings of ACY Securities can be found below.

Feature ACY Securities
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does ACY Securities have Nasdaq?

No, ACY Securities does not offer traders the option of trading CFDs on the Nasdaq 100 Stock Index. The 100 largest global companies have their stocks listed on the Nasdaq, which is an American stock exchange and the second largest in the world. 

What are the Awards of ACY Securities?

Forex Trading Platform ACY Securities’ awards are listed below.

  1. In the FX168 2020 Brokers Billboard Annual Awards, ACY won the award for Premium Multi-Asset Broker in Asia, citing a large range of CFDs across MT4 & MT5.
  2. ACY was awarded the World Finance Forex Awards for the Best Partnership Program
  3. In 2020, ACY was named “Best Multi-Asset Broker in Australia 2020” by the leading tech magazine Technology Era. 
  4. Synergy FX was recognized as the 2015 Australian Best Forex Broker by the Global Financial Market Review.
    The Phoenix portfolio of Synergy FX was awarded the Best Currency Management Fund in 2015 by GFMR, a highly recognized online financial publisher.
  5. Awarded the ‘Best Forex Broker at the International Business Summit Malaysia.
  6. Granted ‘Chinese Most Influential Brand Financial Institution' by Voice Mook 2018 (the first half).
  7. Awarded as the ‘Influential Forex Broker' by China Financial Online.

How to Use ACY Securities for Forex trading?

To use ACY Securities, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older
  3. They should be able to afford the minimum deposit of $50

If a Forex Trader has the conditions above, they can open a forex trading account to use ACY Securities. 

How to open a Forex trading account with ACY Securities?

To open a Forex Trading account with ACY Securities, a trader should follow the steps below.

  1. Navigate to the registration area on ACY Securities’ official website. This can be found under the Accounts section
  2. Fill out the online registration form. This consists of six parts, including Personal Details, About You, Investment, Experience, Terms and Conditions, and Confirm ID.
  3. Submit the online registration form
  4. Upon approval, ACY Securities’ client support team will contact you with details on launching your Trader Account

What is the Forex Trader Account Types with ACY Securities?

Forex Trading Platform and Financial Asset Management Institution ACY Securities have 5 different account types. Every Forex trading account type has different features and conditions with ACY Securities. 

ACY Securities Account Types are listed below. 

  1. Demo Account

  2. Standard Account

  3. ProZero Account

  4. Bespoke Account

  5. Islamic Account

  • Demo Account

ACY Securities offers a free demo account that will allow users to test out the trade features on the MetaTrader platforms, as well as the trading conditions, before deciding to sign up for a live account. 

  • Standard Account

The Standard account from ACY Securities allows traders to use any trading strategy in the global CFD marketplace. 

Users receive deep aggregated liquidity from 16 liquidity providers to avoid a conflict of interest among ACY, clients, and liquidity providers. This ensures you get access to the most robust and dynamic trading environment. The Standard Account will have the following benefits:

  • Start with as low as $50
  • Zero commissions
  • Variable spreads
  • Trade positions from 0.01 lots
  • ProZero Account

The ACY ProZero trading account is the most popular account type from the broker, not only because it provides the power and flexibility that active traders need, but because it delivers a stable trading environment in terms of pricing. 

The ProZero account type offers premium trading conditions including ultra-fast execution of orders and deep interbank liquidity so active traders can trade their way. 

The ProZero trading account gives users access to the most competitive spreads, which includes FX pairs from 0.0 pips. For active and high-volume traders, the $US3/lot per side, allows users to reduce their overall trading costs. 

  • The Bespoke Account

ACY’s Bespoke trading account is designed with the professional trader in mind. With ultra-low-cost of trading, premium services, and the potential to customize pricing, the bespoke account offers a tailored trading environment.

The bespoke account allows clients to benefit from spreads as low as 0.0 pips and low commissions starting from just USD 2.5 per side. By using ACY's connectivity to the Equinix NY4 in New York, users are given access to low-latency execution and tight spreads throughout the trading day.

  • Islamic Account

Muslim traders can access the global CFD markets on ACY Securities’ Islamic Swap-free account and benefit from no interest or swap charges on any open positions as well as full Arabic support with their very own dedicated account manager. 

On the Islamic Account, users can trade FX and CFDs across indices, commodities, precious metals, and cryptocurrencies with no restrictions on Expert Advisors (EAs) or high-frequency trading.

The Swap-free trading account incurs no swaps or interest on overnight positions and is based on ACY Securities’ Standard account under either MT4 or MT5 trading platforms.

Instead of paying overnight swaps or interest, an administration fee on each position is debited from the account.

How to Withdraw Money from ACY Securities?

To withdraw money from ACY Securities, the following should be done:

  • Submit a withdrawal request on the Client Portal, Cloud Hub. 
  • Withdrawals are processed in 1 to 2 business days

How many days do deposits take with ACY Securities?

The speed of receiving and clearing of funds may vary depending on the different withdrawal methods. Bank transfers will take 2-3 business days. Card withdrawals take 3-5 business days.

What are the costs and fees with ACY Securities?

There are three types of costs with ACY Securities, namely commissions, spreads, and swaps, as well as some additional trading fees. 

A Trading Cost is charged to the trader by the broker in return for the use of its brokerage services. It represents how a broker will make a profit, and typically consists of spreads, commissions, and swaps. 

The Forex Trading Fees with ACY Securities are below. 

Commissions: 

ACY Securities does not charge any fees or commissions for the Standard account. For the proper account, the commission charges vary depending on the denominated currency, as listed below. 

  • USD account, USD 6
  • AUD account, AUD 8.5
  • EUR account, EUR 5.5
  • GBP account, GBP 5
  • NZD account, NZD 9
  • CAD account, CAD$8
  • JPY account, JPY700

Spreads: 

  • Major FX pairs around 0.8 pips and 0.2 pips with the proper account. Major indices such as the FTSE 100 are around 1.4 pips, and crude oil is around 0.030 with Standard Account pricing.

Swaps:

Swap charges are applied to positions held open overnight, so it is good to know when this rollover will occur. 

  • The rollover occurs daily at 23:59-00:00 GMT (11:59-12:00 AEDT).
  • All FX Daily 00:00-23:59 (Monday Open 00:00, Friday Close 23:59)
  • Metals Daily 01:00-23:59 (Monday Open 01:00, Friday Close 23:59)
  • You will get charged 3 days Swap rates on Wednesdays.

What are the Trading Fees with ACY Securities?

ACY Securities’ Trading Fees consist of commissions, fees, and swaps. 

ACY Securities does not charge you for funding your trading account by bank transfer. However, if you're based outside of Australia your bank may charge you to make an international payment; this amount will vary from bank to bank.

What is the minimum deposit in ACY Securities?

The minimum deposit amount required to open a Standard Account with ACY Securities is $50.

What are the contract specifications in ACY Securities?

Feature ACY Securities
Forex Trading Yes
CFDs 700+
Forex Pairs 40+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 5
Social Trading  Yes

Does ACY Securities have promotional offers?

No, ACY Securities does not provide promotional offers or bonuses to its new or existing clients. The Australian Securities and Exchange Commission (ASIC), which regulates the broker, recently placed restrictions on the offering bonuses. 

Does ACY Securities have a welcome bonus?

No, ACY Securities does not have a welcome bonus.

However, ACY Securities is a few brokers that use a no-dealing desk execution model, which means your trades are automatically put through the markets without delay.

Does ACY Securities have a deposit bonus?

No, ACY Securities does not offer a welcome bonus.  This is because ACY Securities’ regulators restrict the broker from offering a deposit bonus. 

Is there a commission-free trade bonus in ACY Securities?

No, ACY Securities does not offer a commission-free trade bonus. However, the broker does offer low commissions and a competitive spread on most of his trades. 

Is there a VIP bonus in ACY Securities?

No, ACY Securities does not offer a VIP bonus. VIP clients will enjoy tailored trading conditions from the Bespoke Account.

Can you start trading with no money at ACY Securities?

No, you cannot start trading with no money at ACY Securities. This is because ACY Securities does not offer any deposit bonus, therefore traders will need to deposit their funds when opening a Trader Account.

How does leverage work with ACY Securities?

Leverage is a much-used mechanism in Forex trading today. It involves a trader using funds borrowed from the broker to increase their trading position. Leverage is expressed as a ratio and offered at varying levels.

Traders can use leverage with ACY Securities by logging into their accounts and setting the leverage ratio in the account settings. Professional traders can apply for bespoke leverage ratios.  

Where are the headquarters of ACY Securities?

ACY Securities is headquartered in Chatswood, Australia, with main offices in China and Taiwan.

Who is ACY Securities’ CEO?

The CEO of ACY Securities is Jimmy Ye. He has an entrepreneurial Fintech background and was recognized in the 2019 Australia-China Future Forum for his contribution to financial services

What are the social media accounts of ACY Securities?

Traders can follow ACY Securities on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn

How many employees do work for ACY Securities?

According to the official LinkedIn profile, ACY Securities has up to 200 employees.

What are the opinions about ACY Securities?

ACY Securities is a well-regulated global broker that offers an excellent trading environment. Trader accounts are affordable and provide access to an exceptionally wide range of over 700 instruments, while bespoke account solutions are also available for professional traders. 

The broker offers the full MetaTrader suite for an advanced and user-friendly trading experience, complemented by ultra-fast execution speed and excellent customer support

What are ACY Securities Contests?

ACY Securities does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

ACY Securities didn't perform any Forex Contest in the past. For future forex exchange contests and competitions, ACY Securities didn't perform any official announcements yet.

Does ACY Securities have online support?

Yes, ACY Securities has an online support team for Forex trade account users. The team can be contacted via the dedicated chat button under the Contact section of the broker’s website.  

Does ACY Securities offer demo accounts for Forex trading?

Yes, ACY Securities offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Navigate to the demo account registration portal on the broker’s website

  2. Fill in the fields on the online registration form. You will have to provide personal information like your full name, email address, and contact details

  3. Select the trading platform for which you would like to create a demo version

  4. Choose your preferred base currency

  5. Click “Register” to submit your online application. The details for your demo account will be emailed to your inbox

Does ACY Securities have a mobile app for Forex trading?

Yes, ACY Securities offers a mobile app version of both the MetaTrader 4 and MetaTrader 5 platforms. 

The MT4 mobile app is compatible with iPhone, iPad, and Android system or Windows system devices.

The mobile app gives instant live quotes and allows users to take positions in 41 currency pairs including the Forex Majors, Index CFDs, Precious Metals, and Commodity CFDs.

 

The MT5 mobile app allows users to review, edit, change and execute all their orders from their iPhone, iPad, Android system, or Windows system devices.

 

Does ACY Securities publish an economic calendar?

An economic calendar is provided to traders to allow them to monitor upcoming important economic announcements from around the world which may have a direct effect on commodity and currency prices.  

ACY Securities does offer an economic calendar. ACY Securities’ economic calendar provides information on financial events, forecasts, and historical data.

 

What is the communication information of ACY Securities?

ACY Securities has four telephone numbers and four local addresses. 

ACY Securities’ main telephone number is: 1300 729 171

ACY Securities’ main local address is:  Level 18, 799 Pacific Highway, Chatswood NSW 2067

Alternate phone numbers are:

International: +61 2 9188 2999

China: 950 4059 5638

Taiwan: 02 5594 4927