ACY Securities vs FOREX.com - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: October 12, 2023

Last Updated On October 12, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

Select brokers to compare

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Broker Score
Risk Statement
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.08/ 5 N/A of retail CFD accounts lose moneyAUD 50ASIC Regulated Forex BrokersVanuatuECN/DMACommodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices639
  • Great platform choice
  • Low minimum deposit
  • Great customer support
  • Wide range of assets
  • Limited educational material
  • Limited market analysis
Read Review 111104/ 5 11110.54.5/ 5 11110.54.5/ 5 111003/ 5 1110.503.5/ 5 11110.54.5/ 5 111104/ 5 030:11 pips Bespoke, ProZero, Standard MT4, MT5Bank Transfer, Visa, Mastercard, Maestro, Paypal, Trustly, Skrill, Neteller, PerfectMoney, UnionpayFees Included in Spread
11110.54.62/ 5 Hello Chris 68% of retail CFD accounts lose moneyAUD 100FCA Regulated BrokersASIC Regulated Forex BrokersBest Forex Brokers in SingaporeCySEC Regulated BrokersCayman Islands Monetary AuthorityMarket MakerCommodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals918
  • Well regulated
  • Wide range of assets
  • Excellent education
  • High inactivity fees
  • Limited demo account
Read Review 111115/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 111104/ 5 111104/ 5 68%200:10.70 pips Commission, DMA Account, MT4, MT5, Standard MT4, MT5, FOREX.com Web Trader, TradingViewBank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, PaypalFees Included in Spread

How do FOREX.com and ACY Securities stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

ACY Securities

FOREX.com

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare FOREX.com and ACY Securities, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does FOREX.com or ACY Securities have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that FOREX.com holds four Tier 1 and no Tier 2 licences, and ACY Securities holds one Tier 1 and no Tier 2 licences.

 

Is FOREX.com financially regulated?

Yes FOREX.com was founded in 2001 and is regulated by ASIC, MAS, CIMA, CySEC and FCA.

 

Is ACY Securities financially regulated?

Yes ACY Securities was founded in 2011 and is regulated by ASIC and VFSC.

 

Based on these findings, FOREX.com earned a higher trust rating than ACY Securities.

Does FOREX.com or ACY Securities have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that FOREX.com has overall lower trading costs than ACY Securities. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Commission
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
ACY Securities
11110.54.5/ 5
USD, AUD, EUR, GBP, NZD, CAD, JPY
1.00 pips
USD 0
USD 10
0.30 pips
1.60 pips
1.20 pips
Forex.com
111115/ 5
USD, EUR, CAD, JPY, CHF, AUD, GBP
0.70 pips
USD 0
USD 7
0.70 pips
1.10 pips
1.40 pips

 

Does FOREX.com or ACY Securities offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, 0 offers support for and 0 offers support for . 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both ACY Securities and FOREX.com offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
Forex.com
11110.54.5/ 5
FOREX.com Web Trader
TradingView

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that FOREX.com offers a greater range and depth of instruments to trade than ACY Securities. FOREX.com offers 91 Forex pairs to trade and ACY Securities offers 63 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, ACY Securities offers 9 cryptocurrencies while FOREX.com offers 8 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with ACY Securities.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that FOREX.com charges a withdrawal fee and ACY Securities does not. Overall, FOREX.com has better deposit and withdrawal processes than ACY Securities. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

FOREX.com has better educational support than ACY Securities. Both ACY Securities and FOREX.com offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
ACY Securities
Medium
Forex.com
High

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that FOREX.com offers better research analysis than ACY Securities and that both ACY Securities and FOREX.com offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
ACY Securities
Forex.com

 

Our overall Verdict on FOREX.com

Forex.com does not onboard clients who are residents of Australia and New Zealand. CityIndex is the Australian sister company also owned by StoneX. Check out CityIndex as an alternative to Forex.com

Founded in 2001, Forex.com is a well-regulated broker with high minimum deposits and low fees that is more suited to serious beginners and more experienced traders. Beginners with low minimum deposits will be put off by the high trading costs on Forex.com's entry-level Standard and MT5 accounts. But experienced traders will be interested in the Commission and DMA accounts, with minimum deposits of 100 USD and 25,000 USD respectively. These accounts have some of the most competitive spreads (0.0 pips on the EUR/USD) combined with some of the lowest commissions in the industry. 

Forex.com provides support for MT4, MT5, and its own trading platform and experienced traders will appreciate the range of trading tools on offer, including Autochartist, Trading Central, Trading View, SMART Signals, and subsidised VPS hosting.  

Education and market analysis are both excellent and experienced traders will appreciate the wide range of tradable assets, including over 91 currency pairs, 4500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.

Overall, Forex.com ticks all the boxes for those with higher minimum deposits looking for a wide range of assets to trade and a choice of trading platforms.

Our overall Verdict on ACY Securities

ACY has a large number of instruments on the MT4 and MT5 platforms and a variety of low-cost trading accounts, and we were pleased to find that Australians will benefit from local ASIC regulation.

ACY Securities’ commission-based accounts have spreads that start at 0 pips (EUR/USD) in exchange for commissions of between 5 and 6 USD, which is highly competitive. Experienced traders will also appreciate the wide range of instruments on offer, including 60+ Forex pairs and over 1600 share CFDs.

Overall, ACY Securities has excellent regulatory oversight, a range of low-cost accounts with a wide range of tradable assets, decent educational and market analysis materials, and a good selection of trading tools, making it a good option for Australian traders.

Which broker has the highest overall rating?

FOREX.com has an overall rating of 4.62 and ACY Securities has an overall rating of 4.08. For more detail please read our reviews of FOREX.com and ACY Securities.

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