ACY Securities has announced that it will support The Inter-university Table Tennis Association (ITTA) as a major sponsor for their upcoming 2019 flagship event. ITTA is a not-for-profit student run organisation with the aim of promoting the sport of table tennis across Australia and beyond. Justin Pooni, Head of Marketing & Communications said that ACY...
- Is ACY Capital safe or a scam?
- Trading Platform
- Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
What is ACY Capital?
ACY Capital is a Sydney, Australia based Forex and CFD trading provider which along with main purpose offering education on a range of trading techniques and strategies developed for both novice traders or experienced ones, retail or corporate.
The company brings trading service solutions with an aim to support those who would like to be successful in the market, by the open access to everything that is needed. Since the beginning of their operation, ACY is in cooperation with OANDA as a provider of educational services, which is one of the biggest world Forex broker.
However, due to the company expanding, ACY serves an additional office in Shanghai and Shenzhen, China, which brings an efficient service to customers even further.
10 Points Summary
|🖥 Platforms||MT4, MT5|
|📉 Instruments||Forex, Gold and Silver CFDs, Index CFDs, Oil or Gas CFDs|
|💰 EUR/USD Spread||0.8 pips|
|🎮 Demo Account||Provided|
|💳 Minimum deposit||100 US$|
|💰 Base currencies||AUD, USD|
|📚 Education||Huge educational department|
|☎ Customer Support||24/5|
The ACY Capital provides execution through No Dealing Desk model, performed with no dealer intervention with no requotes through streamed real time prices presented with tight forex spreads, high speeds and low latency.
Margin trading including Forex with 40+ currency pairs, Gold and Silver CFDs with commission free super-tight spreads, Index CFDs and Oil or Gas CFDs. Through their established ECN/ STP execution model you will get at truly competitive costs with an averaged spread EUR/USD 0.8 pips, Gold 0.20$ and Oil 0.025.
In addition, the broker supports its clients with the full range of services that includes a huge educational department that was timely rewarded by awards. The daily market analysis videos and reviews, market news, customizable courses and a variety of advanced educational tools.
Is ACY Capital safe or a scam?
To trade through a safe trading environment is a crucial factor for any investor, thus choosing a regulated broker with a license from reputable authority is the first step. ACY Capital is an ASIC (Australia) authorized broker which complies with the requested regulations, learn more why trade with ASIC regulated brokers by the link.
In accordance with regulatory requirements, all client funds are kept in segregated accounts of the tier-one bank that ensures that the funds can’t be used for any other purpose.
Also, the broker complies with strict policies in regards to operation, payments and all provided transactions ensuring trustable operation. Yet, ACY went even further while provides Professional Indemnity Insurance for up to 2.5M$ in any claim.
As a majority of technological forex companies, the ACY Capital chooses to mainstay at industry leader MetaTrader4. MT4 offers one of the best possible experiences in trading through one-click trading option, automatic trading systems that are performed with the support of EAs, risk controls and a variety of powerful functions.
The platform provides real-time experience through the powerful charts feature, which MT4 is famous for along with built-in free technical indicators to support various trading tactics with real-time requotes.
You may also use different versions of the platform that are suited for each one needs via desktop or web versions, along with mobile applications. Moreover, ACY Capital supports newer version MT5 too, which brings even more sophisticated possibilities on trading performance and offers truly competitive conditions for various strategies.
Last, but not the least is a range of contests and competitions that ACY Capital held on a regular basis allowing you to learn and polish skills with interesting opportunities and even gain very valuable prices. Tack the most recent contests through the official website to engage into one of them.
Further on, ACY developed three account types which makes you a choice between an account with spreads only through stpECN account or with a commission by zeroECN and pureECN accounts. Account types are not defined only by the technology they use and more competitive pricing according to the trading size, but also with a deposit and qualification requirements.
ACY Capital spreads as mentioned presented by the account type you trade with, as an example you may refer to the table below for averaged spread offering, which is starting from 0 pip spread. There is no commission for stpECN Account, while zeroECN Account includes the commission fee of $6 USD per lot and pureECN Account charges fee of $5 USD per lot.
Also, always consider rollover or overnight fee as a cost, which is charged on the positions held longer than a day. As well you may compare fees to another popular broker Pepperstone.
For corporate clients or managers, ACY developed a range of MAM or PAMM accounts, that brings a unique solution for traders who are managing multiple accounts simultaneously that makes management an easy process. The accounts comply with an MT4 platform through flexible distribution and trading performance managed through an intelligent allocation model.
While trading with ACY Capital you are able to operate with powerful tool leverage, which increases your potential gains through its possibility to multiple initial accounts. Yet, learn how to use leverage correctly, as leverage may increase your potential loses as well.
While trading with ACY Capital you are able to use high leverage levels like 1:200, 1:400 or 1:500 for professional proved traders, since Australian regulation ASIC still allows these ratios to be used.
Deposits and Withdrawals
What is also great, ACY made the account management easier by its developed CLOUDHUB, which is a client portal with a variety of services to both retail and corporate clients. The HUB allows to monitors the account performance, conduct transaction and view the statistical data.
For the funding methods themselves, there are various payment options which accept Credit/debit card, Fasapay/Duko Wallet, Skrill, China Union Pay and Bank Transfers (incl. Internet Banking Transfer)
As for the minimum deposit amount, it does depend on the account type you are planning to trade with. However, the first grade standard account requires only 100$ at the beginning.
The client can withdraw capital by submitting a withdrawal request at any time. Also, ACY Capital don’t charge you for funding 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 and is solely your responsibility.
For withdrawals, International Transfer (Your receiving bank account is ouside of Australia) will incur $25 USD service charge per withdrawal, Skrill – 3% merchant fee per withdrawal, yet free withdrawal allowed for Australia local bank transfer up to three times per month.
The ACY Capital review concludes a brokerage firm as a customer-centric online trading provider, which is committed to fair trading conditions and best available solutions in terms of technology, pricing and support. As long as the ACY is an ASIC regulated broker, there are no doubts about their compliance with the laws and reliability.
Furthermore, the company provides an extensive educational solution that is developed to the trader’s need, while the level of expertise is counted, which also excellently serves for some Forex Industry leaders as an educational platform.
Apart from that, the company delivers STP trading access that conducts offering through the competitive, the most common markets and allowance to use any suitable strategy through a quite low spread.
Nevertheless, we would be glad to know your personal opinion about ACY Capital, so share your experience in the comment area below, or ask us for some additional information.
- August 08, 2019 at 09:08 PM Read more
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