ACY FX review
This broker was not featured in our 2022 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
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Based in Sydney, Australia, ACY FX is a dedicated provider of Forex trading education, offering its clients an extensive range of trading strategies and techniques that fit the needs of both experienced and novice traders. Their industry lading service gives clients access to a selection of trading instruments via a trading partner as well as tailored education solutions for traders with courses to suit all levels of investor from the beginner to the most experienced. Through the broker’s high quality MT4 trading platform, clients can enjoy narrow Forex spreads as well as low latency, high speed executions for a faster and more effective trading experience. As there is no dealing desk, there are no requote prices and no dealer intervention, with all of the best available ask and bid prices from the broker’s liquidity partner being streamed in real time to the MetaTrader 4 trading platform. Although ACY FX only offer a single account type to suit the needs of all types of investor from the most experienced to those just starting out in the financial markets, this broker does offer potential clients the opportunity to open a demo account in order to test the functionality of the trading platform. A demonstration account is free to open and it is quick and easy to register from the broker’s web page. A demo account allows undecided investors to try out a range of strategies and experiments before they commit any of their own funds or make a final decision about whether or not this is the right broker for them.
Available Instruments for Trading
ACY FX uses the user friendly and popular MetaTrader 4 trading platform – one of the most commonly found throughout the online Forex broker industry. Suitable for use by both amateur and professional traders, its simple, visually appealing interface offers a selection of impressive trading tools and technical indicators, excellent customisability to suit the preferences of each individual investor and optimal reliability and speed of trade execution. The following instruments can be traded through the easily accessible platform:
- Forex – investors can choose from more than 40 different currency pairs, including all of the major pairings and some more exotic pairs. No commissions or price requotes are guaranteed.
- Gold and Silver – traders can enjoy commission free trading in copper, silver and gold with extremely tight spreads and rapid executions 5 days per week.
- Indices – clients can trade global stock market indices across the following: DAX30, UK100, S&P500 and AUS200.
- Oil and Gas – clients can trade energy products such as natural gas and crude oil, buying or selling UKOil, and USOil from the MT4 trading platform.
- Chinese Yuan – a more unusual option, clients can even trade in offshore Yuan (USD/CNH)
The MetaTrader 4 Trading Platform Features and Benefits
The MT4 trading platform is well known for its customisable charts, user friendliness and EA trading capabilities. Some of the features of this platform include:
- Free charting in multiple windows
- Inbuilt advance analysis indicators and tools
- Rapid order execution
- No requotes
- Free access to MQL4 language tools
- Free access to signal providers
- Compatible with EAs
Widely used by Forex traders all over the world, the desktop version of MetaTrader 4 is popular throughout the financial industry for many reasons, but not least because of its compatibility with Expert Advisors which allows for automated trading. This software can be quickly and easily downloaded onto a PC for an efficient and effective trading experience.
MetaTrader 4 iOS
Increasing numbers of investors prefer to trade from their mobile devices like smartphones and tablets thanks to the convenience of being able to access trading accounts at any time and in any place. Trading on the move is possible when investors download the MetaTrader 4 iOS software to their Apple mobile gadget.
MetaTrader 4 Android
Anyone who has an Android mobile device or smartphone can download the MetaTrader 4 Android software which allows quick and easy access to all of the primary features of the trading platform from the palm of their hand.
MetaTrader 4 App
Mobile users with iOS, Blackberry, Windows or Android devices can download the MetaTrader 4 app which is specially designed to give clients immediate convenient access to all of the site’s trading instruments and customisable indicators anywhere and any time. Some of the features of the app include:
- Ability to manage positions with a single touch of a button
- Ability to review balances and equities
- Live streaming of Forex quotes
Customer Service Options provided by ACY FX
ACY FX offers a number of different ways in which their customer service team can be contacted in order to address any queries, problems or issues. Clients can either write to the company headquarters in Australia or call one of the two contact numbers – one for Australian clients and one for international customers. There are also two email addresses provided, one for sales and one for customer support. For Chinese speaking clients, there is also a web form provided on the website.
When all things are taken into consideration, ACY FX has many advantages to offer potential clients. The excellent choice of assets and instruments for trading is a definite benefit and, as this operator offers both desktop and mobile versions of the popular MetaTrader 4 platform, traders can be sure that they will enjoy an efficient and rapid trading experience, with all of the tools, indicators and customisable features that they would expect of a market leading trading platform. There are, however, some downsides. One of the primary drawbacks of choosing this operator is that there is only one type of trading account available and this may deter professional traders who would prefer to trade in high volumes and would appreciate the benefits that come with a dedicated VIP account such as those provided by some other brokers. The limited customer support contact methods are another potential drawback as there is no live chat or Skype facility to obtain rapid responses to queries.
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