ACY Securities is a Forex ECN and CFD broker regulated by the Australian Securities and Investments Commission (ASIC), offering to trade on 63 tradable assets across Forex, Indices, Commodities and Cryptocurrencies on MetaTrader 4 for Desktop, Web and Mobile.
GFTrade is a global Forex and CFD broker that is primarily based in Singapore as well as St.Vincent and Grenadines. It is regulated by the FSA and offers low entry for minimum capital requirements, as well as low spreads on the trading of 60 assets across currencies, metals, cryptos, indices, energies and stocks.
|#||Broker's Features||ACY SECURITIES Availability||GFTRADE Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare ACY Securities vs Gftrade.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. ACY Securities offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Cryptocurrency, Futures, while Gftrade offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. ACY Securities is , while Gftrade is DMA, ECN, No dealing desk, STP.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. ACY Securities is regulated by ASIC, while Gftrade regulated by FSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Languages Available: Next lets have a look at each broker's different Language options. ACY Securities offers Chinese, English, Vietnamese, while Gftrade offers Chinese, English, German, Hindi, Indonesian, Itali Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. ACY Securities offers China UnionPay, Credit/Debit Cards, Local Transfer, Neteller, PayPal, Skrill different payment methods for each account types, while Gftrade offers bitcoin, Credit/Debit Cards, FasaPay, Neteller, Skrill, Union Pay payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, ACY Securities makes MT4 available to clients, while Gftrade offers MT4.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Gftrade is more reliable based on our criteria above. Only Gftrade offers demo account, allowing you to test their platform to see which is suitable for you. Gftrade has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Gftrade has a wider range of languages in which customer service is offered making the broker more accessible. As Gftrade offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.