Fineco Bank vs ACY Securities Comparison
Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Fineco Bank and ACY Securities? Our independent database powered by our unbiased research will help you compare Fineco Bank vs ACY Securities side-by-side.
What is Trust Score?
Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.
Can I trust Fineco Bank?
Fineco Bank has a Trust Score of 95, giving it a "Highly Trusted" Trust Score Label.
Can I trust ACY Securities?
ACY Securities has a Trust Score of 75, giving it a "Average Risk" Trust Score Label.
Is Fineco Bank a good broker?
Founded in 1999, FinecoBank is a highly trusted brand regulated in multiple Tier-1 jurisdictions and listed on the Italian Stock Exchange. It's worth noting that traders aren't permitted to open online accounts with Fineco unless they are a resident of the U.K. or Italy (or are applying as EU residents at an actual Fineco branch office). Traders that are able to open an account with Fineco will find a large number of tradeable markets and multiple proprietary trading platforms, including FinecoX and the PowerDesk desktop platform.
Is ACY Securities a good broker?
ACY Securities, regulated in Australia and Vanuatu, offers the full MetaTrader suite (including MetaTrader 5) as well as a decent range of CFD markets and a balanced account offering. That said, ACY's market research and educational content have room for improvement, and the spreads available within the broker's standard account are a bit higher than average.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. Fineco Bank holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). ACY Securities, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, unfortunately, neither Fineco Bank nor ACY Securities are China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Fineco Bank is none, while ACY Securities is Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).
Which broker offers more trading platforms?
Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Fineco Bank offers a Proprietary Platform and Desktop Platform (Windows), whereas ACY Securities supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade
Does Fineco Bank offer MetaTrader? Does ACY Securities offer MetaTrader?
For MetaTrader Fineco Bank provides neither of these, while ACY Securities provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do Fineco Bank and ACY Securities differ in terms of minimum deposit? What about average spreads and funding options?
Fineco Bank requires a minimum deposit of $0, while ACY Securities requires a minimum deposit of $50. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Fineco Bank supports Bank Wire (Deposit/Withdraw) for funding and deposit methods, whereas ACY Securities supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)
Which broker offers more tradeable asset classes, Fineco Bank or ACY Securities?
When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Fineco Bank delivers a more diverse selection of investment options than ACY Securities, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting.
We also keep track of each broker’s total number of tradeable symbols; Fineco Bank offers 126, and ACY Securities offers a total of 1600 tradeable symbols.
Can I trade cryptocurrency with Fineco Bank or ACY Securities?
Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Fineco Bank nor ACY Securities allow you to trade physical cryptocurrencies.
Who offers more research tools, Fineco Bank or ACY Securities?
Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Fineco Bank delivers the following research tools: Stock Charts and Forex News (Top-Tier Sources). ACY Securities, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. Neither have Autochartist and Trading Central (Recognia)
Overall winner: Fineco Bank
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.