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Saxo vs ACY Securities 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between Saxo and ACY Securities? We’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, Saxo ranks more highly than ACY Securities.

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Compare

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Overall Rating Saxo ACY Securities
Overall Rating 9.7 / 10 7.4 / 10
Offering of Investments 10 / 10 8.0 / 10
Commissions & Fees 9.5 / 10 8.5 / 10
Platform & Tools 10 / 10 7.5 / 10
Research 10 / 10 6.5 / 10
Mobile Trading 10 / 10 7.5 / 10
Education 8.0 / 10 6.5 / 10
Account Type Saxo ACY Securities
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No No
Copy Trading Saxo ACY Securities
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency Saxo ACY Securities
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) Saxo ACY Securities
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Saxo ACY Securities
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments Saxo ACY Securities
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info Yes Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Saxo ACY Securities
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses Saxo ACY Securities
Tier-1 Licenses info 7 1
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education Saxo ACY Securities
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info Yes Yes
Autochartist info Yes No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs Saxo ACY Securities
Minimum Deposit info $0 $50
Average Spread EUR/USD - Standard info 1.1 info 1.2 info
All-in Cost EUR/USD - Active info 0.9 info 0.85 info
Active Trader or VIP Discounts info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No No
Trading Tools Saxo ACY Securities
Watchlists - Total Fields info 60 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 64 30
Mobile Charting - Indicators / Studies info 64 30
Trust Factors Saxo ACY Securities
Year Founded info 1992 2011
Publicly Traded (Listed) info No No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Trust Score info 99 75
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Saxo 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 Saxo and ACY Securities? Our independent database powered by our unbiased research will help you compare Saxo 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 Saxo?

Saxo has a Trust Score of 99, 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 Saxo a good broker?

Saxo is a highly trusted broker that operates multiple banks and holds regulatory licenses in a wide range of reputable international jurisdictions, earning it one of the highest Trust Score ratings in our database. Simply put, Saxo ranks at – or near – the top of practically every category. Traders and investors at Saxo gain access to an incredible platform experience (including on mobile) alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. Saxo also supports a variety of third-party platforms, including the immensely popular TradingView platform. That said, minimum deposits at Saxo are steep; minimum deposits start at €2,000 for the broker's entry-level account offering and go as high as €1,000,000 for a VIP account.

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. Saxo holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Hong Kong (SFC Authorised), Japan (SFC Authorised), Singapore (MAS 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), CBI Authorised (Ireland), 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, Saxo is UAE (DFSA/Central Bank Authorised), while ACY Securities is none.. Neither have China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses Saxo 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 Saxo offers a Proprietary Platform and Desktop Platform (Windows), whereas ACY Securities supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does Saxo offer MetaTrader? Does ACY Securities offer MetaTrader?

For MetaTrader Saxo 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 Saxo and ACY Securities differ in terms of minimum deposit? What about average spreads and funding options?

Saxo 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 Saxo supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) 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, Saxo 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 Saxo 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), Social Trading / Copy Trading, 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; Saxo offers 70000, and ACY Securities offers a total of 2200 tradeable symbols.

Can I trade cryptocurrency with Saxo 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 Saxo nor ACY Securities allow you to trade physical cryptocurrencies.

Who offers more research tools, Saxo 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. Saxo delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. ACY Securities, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. Neither have Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

Saxo Review

ACY Securities Review

Overall winner: Saxo

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announcementPlease note:

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.


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