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ACY FX Review - Is it scam or safe?

Acy FX Review - is acy.com scm or good forex broker?

RATING: 3 / 2 REVIEWS ACY FX
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Trading Accounts

 

Account type Minimum deposit Minimum trade size Maximum leverage Spread           
Standard $100 0.01 1:500 From 0.8 pips on EUR/USD

 

ACY FX offers its clients a single account type with maximum leverage up to 1:500, variable spreads and no commission fees.  Micro lots are available for trade and, of course, the broker also provides free practice accounts, which are always appreciated by newbies or anyone who wishes to test ACY FX’s services.

 

PAMM and MAM services are also available with this broker,

 

The Company. Security of Funds

 

Company

Country

Regulation

ACY Capital Pty Ltd. 

Australia

ASIC

 

Founded in 2013, ACY FX is a Sydney-based forex trading and education service provider. It offers trading in more than 40 currency pairs, as well as CFDs on various Indices, precious metals, Oil & Gas on the MetaTrader 4 platform.

 

ACY FX is a registered trading name of ACY Capital Pty Ltd., which is regulated by the Australian Securities and Investments Commission (ASIC).

 

ASIC requires licensed companies to meet certain requirements and to comply with various rules. and Australian brokers must hold at least $ 1 million in order to operate legitimately, and to keep clients’ money in segregated trust accounts, among other things. 

 

Unlike other European brokers (Cyprus and UK-based ones), however, Australian ones are not covered by any compensation scheme.

 

Another thing worth mentioning is that ACY FX has strong presence in the Chinese market. In 2017, it opened an international office in Shenzhen, China. In 2014, the broker even has established strategic partnership with OANDA Australia to deliver education services for Chinese speaking traders in Australia and New Zealand in Chinese.

 

Trading Conditions

 

Minimum Initial Deposit

Traders are required to deposit $100 in order to open an account with ACY FX, which is an average initial amount. In comparison, both Plus500 and easyMarkets (which hold ASIC licenses, among others) require $100 as a start.

 

Average Spreads & Commissions

ACY FX offers commission-free trading and competitive variable spreads, starting from 0.8 pips on EUR/USD. So, the typical spreads of this broker are around 1 pips for this pair, which is on the lower end of average.

 

By comparison, easyMarkets offers spreads fixed at 1.0 pips on EUR/USD and also charges no commission. For further information, you may look up real-time spreads of 15 leading brokers here.

 

Maximum Leverage

Clients of ACY FX use leverage ratios up to 1:500, which is considered high, however many brokers offer similar or even higher leverage levels. EasyMarkets, for example, offers leverage up to 1:400.

 

Nonetheless, be careful with high leverage, because it also means greater risk of losses.

 

Trading Platforms

 

This broker supports the industry’s standard trading platform, MetaTrader 4, available as a desktop, web version and mobile apps.

 

MT4 is globally popular, because it is a reliable trading platform and provides all the tools and features a trader needs:  a number of technical indicators, advanced charting package, a wide range of Expert Advisers (EAs) and extensive back-testing environment.

 

 Acy Fx web MT4. Click to enlarge.

 

Methods of Payment

 

ACY FX offers its clients a variety of deposit/withdrawal methods: via credit card, bank wire transfer, Skrill, and China UnionPay.

 

Conclusion

 

Trading conditions offered by Australian brokerage ACY FX are attractive: competitive spreads, commission-free trading and STP execution. To sum things up, here are the advantages and drawbacks with regards to ACY FX:

 

Pros Cons 
Regulated broker  No choice of trading platforms & accounts
Competitive spreads, no commission fees  
STP execution  
MT4 available  

 

Latest news about ACY FX
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Traders` reviews for ACY FX

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Broker Bandar

Broker brengsek memalukan yang secepatnya harus anda tinggalkan, saya trading di ACY ini diawali dengan Promosi panggilan telpon dari Karyawan ACY yang mengatakan sebagai AKUN MANAJER ACY, dan akhirnya saya mempercayainya dan bergabung trading, pertama tama trading berjalan dengan lancar namun ternyata begitu saya mulai mendapatkan profit demi profit ternyata segalanya menjadikan berbalik menjengkelkan dan memuakan, ACY ini ternyata Broker Curang, Mt4 nya dibuat sering macet, disaat saya mau take profit justru spread dibuat melebar, spread ACY dikatakan mulai dari 0.8 tapi wow..spread ternyata bisa jadi gila sampai 12 ponit lebih disaat saya trading malam jam 24.00, sehingga ACY ini bisa mencurangi posisi profit supaya jadi flotingloss dan akhirnta profit jadi loss, dan bahkan acy ini juga melawan arus trading, jika saya masuk posisi Buy sepertinya akan dibuat Sell, Mt4 dibuat lama, dan begitu mt4nya hidup kembali ternyata posisi trading saya sudah menjadi floting loss yang besar, dan yang sangat menjengkelkan ternyata grafik mt4nya kadang kala berlawanan dengan grafik broker lain yang sedang berjalan. Di broker lain posisi stik lilin naik tapi di ACY ini malah turun, jadi waspadalah untuk para trader ! jangan terkecoh oleh Kebaikan Iklan Pertama broker ACY ini, segera tinggalkan saja broker ini, sebelum anda mendapatkan kekecewaan dan uang anda habis dicurangi seperti saya.

Translated by Google:

The embarrassing embarrassing broker that you should leave immediately, I am trading in ACY starting with the Promotion call from ACY Employees who say ACCOUNTS ACHIEVERS ACCOUNTS, and finally I trust and join trading, first trading runs smoothly but it turns out once I start to get profit for profit turned out to make everything turning annoying and sickening, this ACY was Broken Brokers, Mt4 was made often jammed, when I want to take profit instead spread made wide, spread ACY is said to start from 0.8 but wow..spread turned out to be crazy to 12 pounds more when I trade the night at 24.00, so this ACY can cheat the position of profit to be flotingloss and akhirnta profit so loss, and even this acy also against the flow of trading, if I enter the position Buy seems to be made Sell, Mt4 made long, and so mt4nya life to mbali turns out my trading position has become a big floting loss, and a very annoying mt4nya graph is sometimes opposite to other brokers charts that are running. At another broker the candle stick position goes up but in ACY it's actually down, so beware for the traders! do not be fooled by the Good Advertising First broker ACY, just leave this broker, before you get the disappointment and your money ran out like me.

Brengsek 05/30/2018

bad customer handle

I joined ACY from their promotion 4 months ago. Initially their agent often contact new client, but as time goes by i cant reach my agent. Their customer service very late to respond. Someday they arrange promotion & contest and sent to their client and after that they reject their client to claim their promotion and broke their T&C. Even they have very attractive program (drawing prize maserati and benz SL500), but i cant believe this broker anymore.

wiyono 09/20/2017
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