Introduction to ACY Securities
ACY Securities is an Australian-based forex and CFD broker providing trading services to clients globally. Although they are regulated by ASIC, recent experiences from traders have brought into disrepute their credibility and commitment to fair trading practices.
Company Name: ACY Securities
Websites: https://acy.com/en/
Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown.
Regulatory Warning: Not recommended by the review website like Report scams.
Withdrawal Issues and Fund Restrictions
One of the most troubling concerns about ACY Securities is the withdrawal challenge. There are several users who have claimed that after depositing into their trading account via a credit card or via Neteller, they then could not withdraw using a credit card or Neteller, and were forced to use an international bank transfer which proved to be very costly. There are also users, that claimed they could only withdraw $15,000 per day and that payees received money in numerous transactions from nameless payees which raises security and transparency issues.
Blocked Accounts and Profit Cancellation
Several users claimed that, after they made profits, their trading accounts were suddenly locked by ACY, with ACY simply setting their profits to $0. While this indicates possible unethical practices in allowing clients to access their legitimate profits.
Poor Support and Not Very Useful Support
Customer service is another genuine issue. Several traders have said that support does not provide rapid responses, and some have experienced unprofessional behavior from the support staff when there are issues involving urgent funds or an account balance.
What Are the FAQs?
Q1: Is ACY Securities regulated?
Yes, ACY Securities is regulated by ASIC, however, being regulated does NOT mean they are ethical.
Q2: Will I be able to easily withdraw my profit?
Many users have reported slow and limited withdrawals especially if it is a large amount.
Q3: Is my trading account safe?
There are accounts of accounts being blocked and of profits being reset, which don’t bode well for safety.
How to Recover Funds from ACY Securities Scam
If you’ve been scammed by ACY Securities, you can still take steps to recover your lost money. Visit Report Scam to file a report and receive expert assistance.
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