ACY Securities vs Xtrade 2024

ACY Securities is not publicly traded and does not operate a bank. ACY Securities is authorized by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators, (Average Risk), and one Tier-4 regulator (High Risk). ACY Securities is authorised by the following Tier-1 regulator: the Australian Securities & Investment Commission (ASIC).

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one Tier-1 regulator (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). Xtrade is authorised by the following Tier-1 regulator: in the European Union via the MiFID passporting system.

ACY Securities is a MetaTrader-only broker with a reasonable range of markets and a balanced account offering. The broker’s research and educational content, however, could be greatly improved upon.

Xtrade offers forex and CFD traders its own newly updated and redesigned trading platform, yet with just below 500 symbols that you can trade and recent regulatory issues it trails behind the best forex brokers.

To open a trading account with ACY Securities, you'll need to make an initial minimum deposit of $50.

Xtrade requires a minimum deposit of $250 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. ACY Securities offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for banking, whereas Xtrade provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that ACY Securities offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both ACY Securities and Xtrade hold 1 global Tier-1 licenses. Xtrade holds 1 global Tier-2 licenses, while ACY Securities holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that ACY Securities (75) earned a higher Trust Score than Xtrade (74).

To compare the trading platforms of both ACY Securities and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, ACY Securities offers a better experience. With research, ACY Securities offers superior market research. Finally, we found ACY Securities to provide better mobile trading apps.

Here’s what trading platforms are available at ACY Securities:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at Xtrade:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. ACY Securities offers MetaTrader 4 (MT4), while Xtrade does not. Forex traders also appreciate the ability to engage in social copy trading. While ACY Securities offers copy trading, Xtrade does not.

ACY Securities provides traders 66 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. If you are interested in trading a full range of securities, ACY Securities offers traders access to 2200 tradeable symbols, while Xtrade offers access to 482 tradeable symbols; so ACY Securities offers 1718 more tradeable symbols than Xtrade.

We found in our testing that ACY Securities offers a more diverse selection of investment options than Xtrade, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.