
ACY Securities Review
Overall, ACY Securities is considered an average risk, with an overall Trust Score of 74 out of 100. ACY Securities is licensed by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). ACY Securities offers three different retail trading accounts namely a Standard Account, ProZero Account, and Bespoke Account. ACY Securities is currently not regulated by the CBN in Nigeria.

- Louis Schoeman
Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ
Min Deposit
USD 50
Regulators
ASIC AFSL
Trading Desk
MetaTrader 4
Crypto
Yes
ACY Securities – At a Glance
🏛️ Headquartered | United States |
🏛️ Nigerian Based Office | No |
👍 Accepts Nigerian Traders? | Yes |
📅 Year Founded | 2001 |
📱 Nigerian Office Contact Number | None |
⚖️ Regulation | NFA, CFTC, FCA, ASIC, FSA, IIROC, CIMA, SFC, MAS |
🔎 License Number | Cayman Islands – 25033 |
⚖️ CBN Regulation | None |
✴️ Regional Restrictions | Singapore, New Zealand, Belarus, Iran, Yemen, and other countries on the OFAC list |
☪️ Islamic Account | Yes |
📈 Demo Account | Yes |
📈 Retail Investor Accounts | 3 |
📊 PAMM Accounts | No |
📊 Liquidity Providers | Anonymous |
💰 Affiliate Program | Yes |
📊 Crypto trading offered? | Yes |
🚀 Offers a Nigerian Account? | No |
💻 Dedicated Nigerian Account Manager? | No |
📈 Maximum Leverage | 1:400 |
📈 Leverage Restrictions for Nigeria? | No |
💳 Minimum Deposit (₦) | 41,000 NGN equivalent to $100 |
💳 Nigerian Naira Deposits Allowed? | Yes |
💰 Active Nigerian Trader Stats | 1.3 million |
📈 Active Nigerian-based Forex.com customers | Unknown |
💰 Nigeria Daily Forex Turnover | $1.25 million+ |
💳 Deposit and Withdrawal Options | • Credit Card • Debit Card • Bank Wire Transfer • Skrill • Neteller |
💰 Segregated Accounts with Nigerian Banks? | No |
💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 •FOREX.com Platform |
💰 Tradable Assets | • Forex • Precious Metals • Indices • Commodities • Cryptocurrency • Engergies |
🌐 Offers USD/NGN currency pair? | No |
🌐 USD/NGN Average Spread | N/A |
📈 Offers Nigerian Stocks and CFDs | None |
👨💼 Languages supported on Website | English and Simplified Chinese |
👥 Customer Support Languages | Multilingual |
👥 Customer Service Hours | 24/5 |
👥 Nigerian-based customer support? | No |
💰 Bonuses and Promotions for Nigerians | None |
✴️Education for Nigerian beginners | Yes |
📊 Proprietary trading software | Yes |
💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
✔️ Is ACY Securities a safe broker for Nigerians? | Yes |
✔️ Rating for ACY Securities Nigeria | 9/10 |
✔️ Trust score for ACY Securities Nigeria | 99% |
👉 Open an account | 👉 Open Account |
ACY Securities Review – 16 key points quick overview:
ACY Securities Overview
👉 According to research in Nigeria, Australian-based ACY Securities was created in 2011 with the primary goal of providing innovative technologies to help retail traders navigate the global financial markets.
👉 ACY Securities is headquartered in Australia and there is no local office in Lagos, Nigeria. While ACY Securities is not regulated by the Central Bank of Nigeria, the broker is well-regulated by The Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
👉 Nigerian traders who use the ECN trading model can rely on the broker’s extensive network of top-tier liquidity providers and investment in innovative trading platforms and superior trading technology. They adhere to the principles of openness, client-centeredness, and ensure that the varying needs and objectives of traders are met.
👉 With its relocation to Sydney and its relationship with OANDA, the 5th biggest FX firm in the world, the company shifted its headquarters there in 2014. ACY Securities’ cooperation with ACY enables ACY to provide services such as expert forex market education, up-to-date analysis, and personal trading instruction.
👉 In addition, the move to Sydney was also a turning point in the company’s worldwide growth, as it launched operations in China and other Asian nations shortly thereafter. Synergy Financial Markets (SynergyFX), a major Australian forex dealer, was acquired in 2018 and the company’s client base expanded throughout the globe.
👉 The broker subsequently relaunched itself as ACY Securities, with an easy-to-understand logo that emphasizes its emphasis on technology and a broad variety of trading products.
👉 This ACY Securities Nigeria review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders who deal with ACY Securities is as follows:
➡️️ Australia – 37%
➡️️ Columbia – 13.3%
➡️️ Egypt – 6.6%
➡️️ Philippines – 5.6%
➡️️ Russian Federation 4.4%
Popularity among traders who choose ACY Securities
🥇 While ACY Securities focuses on the Australian market, the broker accepts Nigerian traders, placing it in the top 100 forex brokers for Nigerian traders.
Regulation and Safety of Funds
While ACY Securities is not regulated by the Central Bank of Nigeria (CBN), the broker is well-regulated as follows:
️ Australia – ACY Securities Pty Ltd (‘ACY AU’) is regulated, authorized, and licensed by the Australian Securities and Investments Commission under AFSL 403863.
️ Vanuatu – ACY Capital Australia Limited (ACY LTD) is both regulated and authorized by the Vanuatu Financial Services Commission under license number VFSC 012868.
Internationally renowned institutions such as the Commonwealth Bank of Australia and the HSBC are used to store client money. Customers’ orders and trading positions should only be funded using monies held in segregated trust accounts that are not accessible to the broker’s day-to-day activities.
Compliance with this policy is required by law, hence the records are meticulously preserved and audited. As required by ASIC’s Regulatory Guide 126 and the VFSC’s Professional Indemnity Insurance standards, both ACY Australia and ACY Limited are covered by Professional Indemnity Insurance.
An impartial external dispute resolution mechanism is a member of ACY Securities. To guarantee that the trading experience that Nigerian traders have with ACY Securities is the best possible, complaints are first examined internally by professional support and the compliance team.
ACY AU and ACY LTD customers have the option of lodging complaints with the independent external resolution schemes, AFCA and VFSC, respectively.
ACY Securities asks all customers to produce comprehensive and correct evidence of identification and address when creating a live trading account due to anti-money laundering rules around the globe.
When making deposits and withdrawals, the trader’s bank account must be in the same name that they registered an ACY Securities account. This is attributable to the fact that payments made by a third party are not permitted.
The Privacy Policy Statement of ACY Securities outlines the firm’s commitment to upholding its privacy responsibilities. Personal information that the broker gathers from people who apply for or use services is described in this privacy policy.
ACY Securities Account Types and Features
ACY Securities offers Nigerian traders a choice between three retail investor accounts, each catering for different experience levels.
️ Standard Account
️ ProZero Account
️ Bespoke Account
Live Trading Accounts
Standard Account
This is the typical and entry-level account that is standardized and suits most retail traders. The trading conditions and features that traders can expect are indicated below.
Account Feature | Value |
💳 Initial Minimum Deposit (₦) | 3877 NGN equivalent to $5 |
🔎 Minimum Trading Volume | 0.01 lot |
📈 Swap-Free Account Option | Yes |
📊 Average Spreads on Major Forex Pairs | • AUD/USD – 1.3 Pips • GBP/USD – 1.6 Pips • EUR/USD – 1 Pip • USD/JPY – 1.2 Pips • XAU/USD – $0.2 • WTI/USD – $0.04 |
💰 Forex Commissions per round turn | None |
🔨 Precious Metals Commissions per round turn | None |
📱 Commissions on Indices per round turn | None |
🚀 Maximum Leverage Ratio | From 1:30 to 1:500 depending on region and experience |
💸 Account Base Currency | USD, AUD, EUR, GBP, NZD, CAD, JPY |
👥 One-on-one Service | Yes |
📈 Access to Market Analysis | Yes |
💵 Deposit Fees | None |
📉 Share CFDs offered on MT5 | • ASX – 290+ • NYSE – 820+ • NASDAQ – 450+ • ARC – 110+ |
💻 Margin Requirement on MT5 | 20% |
📲 DMA share CFD Exchanges on MT5 | ASX, NYSE, NASDAQ, ARC |
ProZero Account
The ProZero Account is suited to experienced traders who want the best trading conditions. This account is perfect for algorithmic traders, scalpers, high-frequency traders, and other advanced traders.
Account Feature | Value |
💳 Initial Minimum Deposit (₦) | 83,000 NGN equivalent to $200 |
📈 Minimum Deposit after the initial | 20,700 NGN equivalent to $50 |
🔎 Minimum Trading Volume | 0.01 lot |
📈 Swap-Free Account Option | No |
📊 Average Spreads on Major Forex Pairs | • AUD/USD – 0.0 Pips • GBP/USD – 0.0 Pips • EUR/USD – 0.0 Pips • USD/JPY – 0.0 Pips • XAU/USD – $0.06 • WTI/USD – $0.034 |
💰 Forex Commissions per round turn | • USD – US$6 • AUD – AU$8.5 • EUR – €5.5 • GBP – £5 • NZD – NZ$9 • CAD – CA$8 • JPY – ¥700 |
🔨 Precious Metals Commissions per round turn | • USD – US$6 • AUD – AU$8.5 • EUR – €5.5 • GBP – £5 • NZD – NZ$9 • CAD – CA$8 • JPY – ¥700 |
📱 Commissions on Indices per round turn | None |
🚀 Maximum Leverage Ratio | From 1:30 to 1:500 depending on region and experience |
💸 Account Base Currency | USD, AUD, EUR, GBP, NZD, CAD, JPY |
👥 One-on-one Service | Yes |
📈 Access to Market Analysis | Yes |
💵 Deposit Fees | None |
📉 Share CFDs offered on MT5 | • ASX – 290+ • NYSE – 820+ • NASDAQ – 450+ • ARC – 110+ |
💻 Margin Requirement on MT5 | 20% |
📲 DMA share CFD Exchanges on MT5 | ASX, NYSE, NASDAQ, ARC |
Bespoke Account
This is the professional account offered to Nigerian traders who understand the risks involved with trading, and who can manage their exposure to risks. This account provides traders unlimited access to a wide range of global markets.
Account Feature | Value |
💳 Initial Minimum Deposit (₦) | 4,157,900 NGN equivalent to $10,000 |
📈 Minimum Deposit after the initial | 20,700 NGN equivalent to $50 |
🔎 Minimum Trading Volume | 0.01 lot |
📈 Swap-Free Account Option | No |
📊 Average Spreads on Major Forex Pairs | • AUD/USD – 0.0 Pips • GBP/USD – 0.0 Pips • EUR/USD – 0.0 Pips • USD/JPY – 0.0 Pips • XAU/USD – $0.05 • WTI/USD – $0.034 |
💰 Forex Commissions per round turn | • USD – US$5 • AUD – AU$7 • EUR – €4.5 • GBP – £4 • NZD – NZ$7.5 • CAD – CA$7 • JPY – ¥600 |
🔨 Precious Metals Commissions per round turn | • USD – US$5 • AUD – AU$7 • EUR – €4.5 • GBP – £4 • NZD – NZ$7.5 • CAD – CA$7 • JPY – ¥600 |
📱 Commissions on Indices per round turn | None |
🚀 Maximum Leverage Ratio | From 1:30 to 1:500 depending on region and experience |
💸 Account Base Currency | USD, AUD, EUR, GBP, NZD, CAD, JPY |
👥 One-on-one Service | Yes |
📈 Access to Market Analysis | Yes |
💵 Deposit Fees | None |
📉 Share CFDs offered on MT5 | • ASX – 290+ • NYSE – 820+ • NASDAQ – 450+ • ARC – 110+ |
💻 Margin Requirement on MT5 | 20% |
📲 DMA share CFD Exchanges on MT5 | ASX, NYSE, NASDAQ, ARC |
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
ACY Securities offers Nigerian Muslim traders the option of converting their Standard Account to a Swap-Free Islamic option, exempting them from overnight fees or swaps.
Muslim traders must note that there are additional administration fees applied as follows:
️ Major Currency Pairs – forex, metals, indices, and cryptocurrency – a flat fee of US$2.50 per day, per lot.
️ Minor Forex Pairs – forex, metals, indices, cryptocurrencies – a flat fee of US$5 per day, per lot.
️ Exotic Pairs – forex, metals, indices, and cryptocurrencies – a flat fee of US$10 per day, per lot.
Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and ACY Securities offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Min Deposit
USD 50
Regulators
ASIC AFSL
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
60+ ECN pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Account Registration
Account registration with ACY Securities is extremely easy and Nigerians can simply navigate to the official website and select the blue “Open an Account” banner to start the process. According to the official ACY Securities website, it takes just 4 minutes to complete the process.
Traders can select whether they wish to register a personal or business account, provide their country of residence, title, and some personal and contact information. Traders can provide additional information regarding their income and profession, their trading experience, and proceed by uploading their proof of identity and residency.
Once this information has been reviewed and checked against the submitted documents, the account will be approved, and traders can make the minimum deposit to start trading.
Range of Markets
ACY Securities offers more than 1,800 financial instruments that can be traded across:
️ Forex
️ Precious Metals
️ Indices
️ Commodities
️ Shares
️ ETFs
️ Cryptocurrency
ACY Securities | CM Trading | RoboForex | |
💰Forex | Yes | Yes | Yes |
🔨 Precious Metals | Yes | Yes | No |
💰 ETFs | Yes | No | Yes |
📊 CFDs | Yes | Yes | No |
📈 Indices | Yes | Yes | No |
💵 Stocks | Yes | Yes | Yes |
💳 Cryptocurrency | Yes | Yes | Yes |
💰 Options | No | No | Yes |
💸 Bonds | Yes | No | Yes |
🔋 Energies | Yes | No | Yes |
ACY Securities Broker Comparison
Admirals | FBS | TD Ameritrade | |
⚖️ Regulation | FCA, ASIC, CySEC, EFSA, JSC | IFSC, CySEC | SEC, SFC, FINRA |
📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Admirals Mobile Ap | • MetaTrader 4 • MetaTrader 5 • FBS Trader • CopyTrade | • TD Ameritrade Web • TD Ameritrade Mobile • thinkorswim mobile • thinkorswim web |
💰 Withdrawal Fee | Yes | Yes | No |
📈 Demo Account | Yes | Yes | Yes |
📊 Min Deposit | 400 NGN | 400 NGN | 400 NGN |
💰 Leverage | • 1:30 Retail • 1:500 Professional | Up to 1:3000 | 1:2 |
💳 Spread | From 0.0 pips | From 0.0 pips | None |
✴️ Commissions | From $0.02 | From $6 | From $0 |
💳 Margin Call/Stop-Out | Stop-out from 50% | 40% and 20% | None |
📊 Order Execution | Market/Exchange | STP, ECN | None |
💰 No-Deposit Bonus | No | Yes | No |
💰 Cent Accounts | No | Yes | No |
📊 Account Types | • Trade.MT5 • Invest.MT5 • Zero.MT5 • Bets.MT5 • Trade.MT4 • Zero.MT4 | • FBS Cent Account • FBS Micro Account • FBS Standard Account • FBS Zero Account • FBS ECN Account • FBS Crypto Account | • Standard Accounts • Retirement Accounts • Education Accounts • Speciality Accounts • Managed Profiles • Margin Trading Account |
⚖️ CBN Regulation | No | No | No |
💵 NGN Deposits | Yes | Yes | No |
💳 Nigerian Naira Account | No | No | No |
👥 Customer Service Hours | 24/5 | 24/7 | 24/7 |
🛍 Retail Investor Accounts | 6 | 6 | 2 |
☪️ Islamic Account | Yes | Yes | No |
ACY Securities Vs CM Trading Vs RoboForex – Broker Comparison for Range of Markets
ACY Securities | CM Trading | RoboForex | |
💰Forex | Yes | Yes | Yes |
🔨 Precious Metals | Yes | Yes | No |
💰 ETFs | Yes | No | Yes |
📊 CFDs | Yes | Yes | No |
📈 Indices | Yes | Yes | No |
💵 Stocks | Yes | Yes | Yes |
💳 Cryptocurrency | Yes | Yes | Yes |
💰 Options | No | No | Yes |
💸 Bonds | Yes | No | Yes |
🔋 Energies | Yes | No | Yes |
Trading and Non-Trading Fees
Spreads
ACY Securities charges the spread according to the trading account that Nigerian traders use along with the financial instrument that is being traded. These spreads are also influenced by the market conditions on the day of trading because they are variable/floating.
The spreads that traders can expect are as follows.
➡️ Standard Account | • AUD/USD – 1.3 Pips • GBP/USD – 1.6 Pips • EUR/USD – 1 Pip • USD/JPY – 1.2 Pips • XAU/USD – $0.2 • WTI/USD – $0.04 |
➡️ ProZero Account | • AUD/USD – 0.0 Pips • GBP/USD – 0.0 Pips • EUR/USD – 0.0 Pip • USD/JPY – 0.0 Pips • XAU/USD – $0.06 • WTI/USD – $0.034 |
➡️ Bespoke Account | • AUD/USD – 0.0 Pips • GBP/USD – 0.0 Pips • EUR/USD – 0.0 Pip • USD/JPY – 0.0 Pips • XAU/USD – $0.05 • WTI/USD – $0.034 |
Commissions
The commissions that Nigerian traders can expect will depend on the account they use and the financial instrument that they choose to trade. Typical commissions start from US$% on the Bespoke Account.
Overnight Fees, Rollovers, or Swaps
Overnight fees are charged when traders keep their positions open for longer than 24 hours. ACY Markets provides a comprehensive schedule of the market hours along with US daylight savings time. Nigerian traders can also access the trading hours on their MetaTrader platform for every instrument.
Some typical swap rates are as follows:
️ EUR/USD – buy swap -3.75 and sell swap -0.34
️ GBP/USD – buy swap -2.33 and sell swap -1.28
️ USD/JPY – buy swap -0.78 and sell swap -2.76
️ AUD/USD – buy swap -1.44 and sell swap -1.21
Deposit and Withdrawal Fees
ACY Securities does not charge any deposit fees. However, the following withdrawal fees are charged:
️ $25 service charge per withdrawal on International Transfers
️ Skrill – 3% merchant fee per withdrawal
️ If traders withdraw more than three times in the same month, they will be charged $25 per additional withdrawal.
Deposits and Withdrawals
ACY Securities offers the following deposit and withdrawal methods:
️ Credit Card
️ Debit Card
️ Wire Transfer
️ Skrill
️ Neteller
️ China Union Pay
️ Doku Wallet
Min Deposit
USD 50
Regulators
ASIC AFSL
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
60+ ECN pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
How To Minimize Risk While Trading?
1. Use Stop Losses
👉 A stop loss is a trading technique that takes you out of losing trades at a predetermined level in order to limit your losses. Utilize stop losses to ensure a 1:1 risk-reward ratio and above in all your trades in order to limit losses and maximize profits on each trade. For example, if you’re setting your stop loss at 50 pips below your entry point, set your take profit at least 50 pips above your entry point.
👉 A 1:2 risk-reward ratio and above will ensure that you remain profitable even if the majority of your trades are losing trades. Using a 1:2 risk-reward ratio means that you should place your stop loss at 100 pips if you have a profit target of 200 pips and so on.
👉 If you are a more aggressive trader, you can use a 1:3 risk-reward ratio, where you risk 100 pips for a profit target of 300 pips.
2. Use Proper Lot Sizes
👉 Trading using proper lot sizes is crucial to your success as a trader. That’s because the lot size determines the value of each point of the currency pair you are trading. A standard lot typically refers to 100,000 units of the base currency you are trading. Therefore, trading a standard lot of the EURUSD currency pair puts the value of each point at USD 100.
👉 The lot sizes you trade should be proportionate to the amount you are willing to risk on each trade, which is directly related to the size of your account and your risk appetite.
3. Control Your Losses
👉 You should only risk 2% or less of your trading account on each trade. This will ensure that you can survive any losing streak while minimizing the drawdown on your trading account.
👉 Remember: losses in forex trading are not linear. A 50% loss would require a 100% gain in order to recover your original trading account level.
4. Use Leverage Carefully
👉 Most forex brokers offer to trade with leverage, and with Exness traders can enjoy up to 1:Unlimited leverage. While trading with leverage is one of the great advantages of trading forex, it can also increase the risk of losses if used incorrectly. Leverage works as a ratio, meaning that if you trade with USD 10 at a leverage of 1:50 your market investment will be USD 500. This means that, if your investment moves in a favourable direction, your profits would be 50x bigger than they would have been without leverage. However, this also means that your losses if the currency moves in an unfavourable direction would be 50x greater as well. Traders are therefore reminded to apply leverage with care.
5. Choose The Time Of Day That You Trade
👉 Most traders tend to ignore the impact of the time of day that they trade. However, traders who are active during periods of less volatility tend to be more profitable than traders who trade during periods of high volatility.
👉 The high volatility periods for different currency pairs vary, but can generally be summarized as the opening hours of the Asian sessions, the London/European sessions, and the New York/American sessions.
👉 Experienced traders who are trading European currency pairs, such as EURUSD and GBPUSD, typically trade during off hours from 7PM to 11AM GMT. However, this data applies to range of traders who trade following the existing trends but might differ for traders using other trading strategies, such as scalping.
6. Buy The Rumor, Sell The News
👉 Many traders like to stay abreast of news that affects the forex market, but this is very hard to do given that it is near-impossible to accurately predict what will happen at any given time across the globe. However, experienced traders typically keep abreast of economic releases from different countries, which generally have an impact on many currency pairs.
👉 In most cases, markets typically discount the news based on investors’ expectations, which means that by the time the news is released, the big moves in the affected currency pairs would have already taken place. Therefore, it is important to make trades related to major news events way before the actual news is released.
Alternative Brokers to Exness
➡️ TD Ameritrade
➡️ AvaTrade
➡️ ACY Securities
➡️ FXCM
➡️ Pepperstone
➡️ Webull
All About ACY Securities’ Rebate System
How much rebate can I pay back?
👉 Rebate percentage can be set to be anything between 0% and 100%.
Payment schedule
👉 Rebates are paid daily to the selected referred clients who have closed any trades within the last 24 hours. Daily payments need to be approved by the partner.
👉 Once rebates are set up from your PA, rebates will be automatically calculated for the selected referred clients every time you receive rewards. Total daily rebates will then await your approval in the Approval section of the Rebates tab, or be automatically distributed if you have selected automated approval on rebates for specific referred clients; more information about this is available in the article about how to manage rebates.
ACY Securities Education and Research
ACY Securities offers the following Educational Materials:
️ eBooks
️ Webinars
️ Trading Courses
ACY Security Affiliate Program
ACY Securities offers a comprehensive affiliate program that can be accessed from the official website by selecting “ACY Partners” from the homepage. With ACY Securities, partners can obtain access to the following key features:
️ 24/5 dedicated and multilingual customer support
️ Real-time reporting is done through ACY.Cloud
️ Customizable deals as well as flexible commission structures
️ Finlogix widgets that have an affiliate tracking code
️ Access to a personal account manager
️ Bespoke tailored solutions
ACY Securities has a dedicated team of liquidity providers that ensure that partners and clients have access to the best execution across a wide range of instruments. This ensures that the best variable spreads are available on all trading products, starting from as low as 0.0 pips EUR/USD, subject to market conditions and other factors.
Partners can enjoy comprehensive solutions and they can choose from a broad range of financial widgets that can be easily dragged and dropped and that automatically incorporate affiliate tracking codes into the HTML code. Partners can simply copy and paste the pre-made code onto the partner website, and they have access to a wide range of state-of-the-art financial widgets.
Verdict on ACY Securities
ACY Securities is a well-known broker and has received several accolades throughout the years that it has been in operation. Tech publication Technology Era awarded ACY Securities with the award “Best Multi-Asset Broker Australia” in 2020, along with World Finance awarding the broker with “Best Partnership Programme Australia” in 2020.
ACY Securities is a well-known and well-respected broker. The company’s success in Australia has allowed it to expand its services to customers across the globe, where it maintains a high quality of service.
There are more than 1,800 tradable instruments that are accessible at ACY Securities, and the broker also provides good instructional materials and ECN market access. Customers outside of Australia, on the other hand, such as Nigerian traders, could be deterred by the fees associated with international withdrawals.
ACY Securities Pros and Cons
✔️ Pros | ❌ Cons |
ACY Securities is well-regulated and has a high level of trustworthiness | Nigerian traders cannot deposit funds in Nigerian Naira and there is no NGN-based account |
There are over 1,800 trading instruments offered, most of which are leveraged products and include contracts for difference | Currency conversion fees may apply |
Popular trading platforms are offered | The demo account expires after 30 days |
There are low commissions charged on trades | There are limited deposit currencies and base account currencies |
There are educational resources offered for beginner traders to ensure that they can navigate complex instruments | There are additional fees charged on the Islamic Account |
There are MAMM and PAMM accounts offered | There are expensive withdrawal fees charged |
There are several flexible payment methods supported including bank transfers, Skrill, credit and debit card payments, and more | |
There is a social trading platform offered through Finlogix | |
Mobile trading apps are offered through MetaTrader | |
Nigerian traders can expect competitive spreads | |
The broker has won several awards and offers a dedicated customer service team |
Frequently Asked Questions
Is ACY Securities a fake or scam?
No, ACY Securities is not considered a fake or scam as it adheres to strict regulations by ASIC and VFSC.
Which financial instruments can I trade with ACY Securities?
You can trade over 1,800 instruments spread across the following asset classes:
- Forex
- Precious Metals
- Indices
- Commodities
- Shares
- ETFs
What account types does ACY Securities offer?
ACY Securities offers:
- Standard Account
- ProZero Account
- Bespoke Account
What is the overall rating for ACY Securities out of 10?
The overall rating for ACY Securities is 8/10.
Is ACY Securities suitable for beginner and professional traders?
Yes, ACY Securities caters to both beginner and professional traders in Nigeria.