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ACY Securities vs IronFX 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between ACY Securities and IronFX? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, ACY Securities ranks more highly than IronFX.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Select Brokers

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Compare

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Overall RatingACY SecuritiesIronFX
Overall Rating 7.4 / 10 7.2 / 10
Account TypeACY SecuritiesIronFX
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingACY SecuritiesIronFX
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyACY SecuritiesIronFX
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)ACY SecuritiesIronFX
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)ACY SecuritiesIronFX
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsACY SecuritiesIronFX
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals No No
ETF Yes No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsACY SecuritiesIronFX
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
Regulatory LicensesACY SecuritiesIronFX
Tier-1 Licenses 1 2
Australia (ASIC Authorised) Yes Yes
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) No Yes
Hong Kong (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
USA (CFTC Authorized) No No
Tier-2 Licenses 0 1
Tier-3 Licenses 1 1
Research, EducationACY SecuritiesIronFX
Trading Central (Recognia) No Yes
Forex News (Top-Tier Sources) No Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) No Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes Yes
Trading CostsACY SecuritiesIronFX
Minimum Deposit $50 $50
Average Spread EUR/USD - Standard 1.2 info 1.2
All-in Cost EUR/USD - Active 0.85 info N/A
Active Trader or VIP Discounts Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) No No
Trading ToolsACY SecuritiesIronFX
Watchlists - Total Fields 7 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 30 30
Mobile Charting - Indicators / Studies 30 30
Trust FactorsACY SecuritiesIronFX
Year Founded 2011 2010
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) No info Yes info
Trust Score 75 84
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ACY Securities vs IronFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare ACY Securities vs IronFX.

Can I trust ACY Securities?

ACY Securities has a trust score of 75, giving it a "Average Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust IronFX?

IronFX has a trust score of 84, giving it a "Trusted" trust label.

Is ACY Securities a good broker?

ACY Securities is a MetaTrader broker that offers multiple assets and account types, alongside basic research and educational materials from its brands regulated in Australia and Vanuatu.

Is IronFX a good broker?

IronFX is a MetaTrader-only broker that has worked hard to rebuild its trust factor by securing additional regulatory licenses, as well as taking action to improve the brand's offerings. Spreads at IronFX are higher than the industry average, but the broker has done a nice job putting together some decent educational materials for beginners.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. ACY Securities is Australia (ASIC Authorised), while IronFX is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised).. Neither have Canada (SRO 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, ACY Securities is none, while IronFX is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses ACY Securities is Vanuatu (VFSC Authorised), while IronFX is Bermuda (BMA Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).

Which broker offers more trading platforms?

Both ACY Securities and IronFX offer a Desktop Platform (Windows).. Neither have Proprietary Platform, cTrader, DupliTrade and ZuluTrade

Does ACY Securities offer MetaTrader? Does IronFX offer MetaTrader?

For MetaTrader ACY Securities provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while IronFX provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do ACY Securities and IronFX differ in terms of minimum deposit? What about average spreads and funding options?

ACY Securities requires a minimum deposit of $50, while IronFX requires a minimum deposit of $50. From our testing we found ACY Securities offers spreads of 1.2, while IronFX offers spreads of 1.2. Both ACY Securities and IronFX offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits.. Neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, ACY Securities or IronFX?

ACY Securities offers a more diverse selection of investment options than IronFX allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, ETF and U.S. Stocks (CFD).. Neither have Spread Betting and Agriculturals Looking at total tradeable symbols, ACY Securities has 1600, compared to 340 from IronFX.

Can I trade cryptocurrency with ACY Securities or IronFX?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither ACY Securities nor IronFX allow you to trade physical cryptocurrencies.

Who offers more research tools, ACY Securities or IronFX?

In terms of research and research tools ACY Securities gives traders the following tools: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. In comparison IronFX has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

ACY Securities Review

IronFX Review

Overall winner: ACY Securities

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

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