BrokersView

Search
Download
English
Sign In

acy securities

Newest

Popular

I understand the ACY Securities mentioned that they are regulated by less reputable bodies, how do I make sure my fund is safe when I trade with ACY Securities?
Niloy
Philippines
2022-02-07
ANSWER ACY Securities is a brand name of ACY AU and ACY LTD. ACY Securities Pty Ltd (ACY AU), under the domain of https://acy.com.au/en, is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). ACY Capital Australia Limited (ACY LTD), under the domain of https://acy.com/en, is regulated by the Vanuatu Financial Services Commission (VFSC). For more details about this broker, please check our full ACY Securities review. ASIC has become one of the most competent broker regulation standards worldwide. It has quite strict requirements, including risk limitation, bonus prohibition, and consumer enlightenment. Therefore, dealers overseen by ASIC is considered to be reliable brokers compared to unregulated or weak-regulated ones. However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under strong regulation. That means, if you are interested in ACY Securities and are about to deal with this broker, you'd better avoid onboarding your account on its offshore license. You can ask their official customer service where will they onboard your account. It is much safer to onboard your account to its Australia ASIC license.
See more

Hot Topics

Most Viewed

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.