ACY Securities review: Is it a safe or scam?(2024)

Is ACY Securities Legit or Scam?

It’s difficult to definitively label ACY Securities as a scam based on the information provided. While the company is regulated by a reputable authority (ASIC), there have been reports of concerning issues on user platforms like WikiFX, specifically regarding severe slippage and withdrawal difficulties.

Therefore, caution is advised before investing with ACY Securities. Thorough research and understanding the potential risks are crucial before making any financial decisions.

Company Overview

Services or Products

• Trading instruments: Forex, precious metals, indices, commodities, cryptocurrencies, ETFs, and share CFDs.
• Account types: Standard, ProZero, Bespoke.
• Trading tools: Capitalise.ai (trading automation), MetaTrader scripts, Signal Start (copy trading), Forex VPS.
• Educational resources: Webinars, e-books, premium training resources.

If you have lost money to companies like OctaFX, or Lyraten ; please report it to us on our Report a Scam form.

Trading Platform & Leverages

• Platforms: MT4 and MT5 (desktop, mobile, web).
• Leverage: Varies based on instrument (maximum 500:1 for commodities and precious metals, 100:1 for stock index, 25:1 for share CFDs).

Remember: Leverage can amplify both profits and losses. Use it cautiously and with a clear understanding of the risks involved.

Spreads and Cost of Trading

• Spreads: Variable for Standard account, from 0.0 pips for ProZero and Bespoke accounts.
• Commissions: $3/lot per side on ProZero, $2.5/lot per side on Bespoke, no commission on Standard.
• Withdrawal fees: 3 free withdrawals per month, then $25 per withdrawal.

Compare different brokers’ fees to find the most cost-effective option for your needs.

License and Regulations

• Regulation: The  Australian Securities and Investments Commission (ASIC) is generally considered a positive sign for a broker. However, regulations alone don’t guarantee a scam-free experience.

Legal Warning Against ACY Securities

This section is missing from the provided content. It’s important to note that the absence of a legal warning against ACY Securities doesn’t necessarily indicate legitimacy.

Deposit and Withdrawal Methods

• Deposits: Wire transfer, credit/debit cards, Skrill, Doku Wallet, China Union Pay.
• Withdrawals: Same methods as deposits.

ACY Securities Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Dealing with an unlicensed broker exposes you to significant risks, including:

• Lack of consumer protection: Regulatory bodies offer protection and dispute resolution mechanisms for investors. Unlicensed brokers are not subject to such regulations, leaving you vulnerable in case of issues.
• Increased risk of fraud: Unlicensed brokers are more likely to be involved in fraudulent activities since they operate outside the legal framework.
• Limited access to legal recourse: If you encounter problems with an unlicensed broker, pursuing legal action becomes more challenging due to their lack of licensing and potential location outside your jurisdiction.

Client Feedback

While the provided content mentions user reports of slippage and withdrawal issues, it’s crucial to independently research client feedback from various sources to gain a more comprehensive understanding of traders’ experiences with ACY Securities.

How Can “Reviewsadvice” Help You If You Get Scammed?

If you encounter a scam, it’s essential to report the issue to the relevant authorities in your jurisdiction. Additionally, seeking legal advice from a qualified professional can help explore potential avenues for recourse.

Our professional will provide you with free consultation and recovery service recommendations to help you recover the lost funds. We will provide you with legal help if needed.

You Can report to us today by the below form