Registered in	United Kingdom
Regulated by	LFSA, FSA
Year(s) of establishment	5-10 years
Trading instruments	Forex pairs, metals, energies, indices, stocks, cryptocurrencies… 90+ instruments
Minimum Initial Deposit	$50
Maximum Leverage	1:2000
Minimum spread	0.0 pips onwards
Trading platform	MT4
Deposit and withdrawal method	Bank wire transfer, USDT, local deposit, union pay
Customer Service	24/7 Email, live chat, YouTube, Facebook, line
Fraud Complaints Exposure	No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of WeTrade

Pros:

• Regulated by FSA and LFSA, ensuring client fund safety

• Wide range of instruments including forex pairs, metals, energies, indices, stocks, and cryptocurrencies

• Multiple account types to suit different traders, including a demo account

• Competitive spreads and high leverage of up to 1:2000

• Educational resources available to traders, including an economic calendar and video tutorials

Cons:

• Limited deposit and withdrawal options, with only USDT, bank wire, and local deposit accepted for deposit and union pay and bank wire for withdrawal

• Customer support with only email and social media channels for communication

• Limited information available about the company's background and history

• No mobile trading platform available for traders on the go

• ECN account requires a minimum deposit of $3000 and charges a commission of $7 per lot traded.

What type of broker is WeTrade？

Advantages	Disadvantages
No conflict of interest	Higher spreads than market makers
Straightforward pricing	No fixed spreads
Lower trading costs	Possible requotes during volatile markets
No trading restrictions	Slower order execution than market makers

WeTrade is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. WeTrade's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since WeTrade does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.

General information and regulation of WeTrade

WeTrade is a UK registered forex broker that is regulated by the Financial Services Authority (FSA) and the Labuan Financial Services Authority (LFSA) in Malaysia. The FSA is one of the most reputable financial regulatory bodies in the world, and its oversight ensures that WeTrade operates according to strict standards of transparency and fairness. The LFSA is also a well-respected regulator and its oversight provides an additional layer of protection for traders. WeTrade's regulatory status is a significant advantage as it offers traders a level of protection and reassurance that their funds are safe and that the broker is operating within the law.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
Wide range of 90+ instruments including forex pairs, metals, energies, indices, stocks, and cryptocurrencies	No information provided on specific spreads for each instrument
Ability to diversify trading portfolio	Limited selection of cryptocurrencies compared to some other brokers
Access to a variety of markets and assets

WeTrade offers its traders a wide range of 90+ instruments to choose from, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. This provides traders with a great opportunity to diversify their trading portfolio and access a variety of markets and assets. However, the broker does not provide specific information on spreads for each instrument, which can be a disadvantage for traders who are looking for greater transparency in terms of trading costs. Additionally, the selection of cryptocurrencies offered by WeTrade is somewhat limited compared to some other brokers in the market.

Spreads and commissions for trading with WeTrade

Advantages	Disadvantages
Low spreads for all account types	Commission charged for ECN account
Zero commission for STP, VIP, and Affiliate accounts	Higher spreads for Affiliate account
ECN account offers zero spreads	Commission charged for ECN account

WeTrade offers multiple account types, including STP, VIP, ECN, and Affiliate accounts, each with different spreads and commissions. The STP account offers spreads of EURUSD from 1.8 pips, with zero commission, making it an ideal choice for beginner traders. The VIP account offers lower spreads of EURUSD from 1.0 pips, with zero commission, making it a suitable option for advanced traders. The ECN account offers zero spreads, but with a commission of $7 per lot traded, making it more suitable for high-volume traders. Lastly, the Affiliate account offers spreads of EURUSD from 2.3 pips, with zero commission, designed for traders who want to earn commission through referrals. Overall, WeTrade's spreads and commission rates are competitive and cater to different trading needs.

Trading accounts available in WeTrade

Advantages	Disadvantages
Multiple account types to choose from	Higher minimum deposit for ECN account
High leverage of 1:2000	Lower leverage may be preferred by some traders
Commission-free trading on STP and VIP accounts	Commission charged on ECN account
Demo account available for risk-free trading	Limited information on specific account features

WeTrade offers traders a choice of four account types to suit their needs. The STP and VIP accounts have a minimum deposit of 50USD and 1000USD, respectively, and both offer commission-free trading. The ECN account requires a higher minimum deposit of 3000USD but offers spreads as low as 0.0 pips with a commission of 7USD per lot. The Affiliate account has the same minimum deposit as the STP account and offers commission-free trading, but with wider spreads. Additionally, a demo account is available for traders who want to practice their trading strategies without risking real money. The high leverage of 1:2000 is available across all account types, but some traders may prefer a lower leverage.

Trading platform(s) that WeTrade offers

Advantages	Disadvantages
Well-known and widely used platform	Limited customization options
User-friendly interface	No built-in economic calendar
Supports algorithmic trading through Expert Advisors (EAs)	Limited charting capabilities
Wide range of technical analysis tools and indicators	No mobile push notifications
Supports multiple order types	Limited timeframes for backtesting

WeTrade offers its clients the MetaTrader 4 (MT4) platform, which is a well-known and widely used trading platform in the forex industry. The platform is known for its user-friendly interface and wide range of technical analysis tools and indicators, making it a popular choice among traders. Additionally, MT4 supports algorithmic trading through Expert Advisors (EAs), providing traders with automated trading capabilities. However, one of the main disadvantages of MT4 is its limited customization options, making it difficult for traders to create a personalized trading environment. Additionally, the platform lacks a built-in economic calendar and mobile push notifications, which can be a drawback for traders who rely on these features. Lastly, while MT4 supports multiple order types, it has limited timeframes for backtesting, which can be a disadvantage for traders who want to thoroughly test their strategies.

Maximum leverage of WeTrade

Advantages	Disadvantages
Allows for potential higher profits with smaller capital	Increases risk of significant losses and margin calls
Opportunity for greater market exposure and trading opportunities	Inexperienced traders may misuse high leverage, leading to significant losses
Can be useful for experienced traders with solid risk management strategies	May lead to overtrading or emotional trading due to increased potential gains or losses
May attract more traders due to the appeal of high leverage	Regulated brokers have limits on maximum leverage, which may restrict traders from taking advantage of higher leverage ratios

WeTrade offers a maximum leverage of up to 1:2000, which is relatively high compared to other forex brokers. This allows traders to potentially increase their profits with a smaller capital investment and have greater market exposure. However, high leverage also increases the risk of significant losses and margin calls, especially for inexperienced traders who may misuse it or engage in overtrading or emotional trading. Experienced traders with solid risk management strategies may find high leverage useful, but regulated brokers have limits on maximum leverage, which may restrict traders from taking advantage of higher leverage ratios.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Multiple deposit options	Limited withdrawal options
No extra fees charged	No information provided on deposit/withdrawal processing time
No minimum account required	Limited deposit options
Safe and secure transactions

WeTrade offers its clients multiple deposit options, including USDT, bank wire, and local deposits. Clients can withdraw funds via union pay and bank wire. WeTrade does not charge any extra fees for deposits or withdrawals. Additionally, there is no minimum account required, making it accessible for traders with different budgets. However, there is limited information provided about the deposit/withdrawal processing time. While WeTrade provides a safe and secure transaction environment, it offers limited withdrawal options compared to other brokers.

Educational resources in WeTrade

Advantages	Disadvantages
Multiple educational resources available	No dedicated educational section on website
Economic calendar available for keeping track of important events	Limited customization options for video tutorials
Market reports and analyst views provide up-to-date information on market trends	No interactive webinars or live training sessions
Access to a variety of indicators and TV channels for technical analysis	Limited educational resources for advanced traders
Resources available in multiple languages for wider accessibility	No in-person training or seminars provided by WeTrade

WeTrade offers various educational resources to its clients to enhance their trading skills and knowledge of the financial markets. The resources include an economic calendar, market reports, video tutorials, analyst views, indicators, and TV channels. The economic calendar keeps clients informed about important upcoming events that could affect the markets, while the market reports and analyst views provide up-to-date information on market trends. The video tutorials cover a range of topics from the basics of trading to advanced strategies, and clients can access a variety of indicators and TV channels for technical analysis. The educational resources are available in multiple languages to cater to clients from different parts of the world. However, there is no dedicated educational section on the website, and the educational resources may not be sufficient for advanced traders seeking more in-depth training.

Customer service of WeTrade

Advantages	Disadvantages
24/7 availability	No phone support
Multiple channels of communication	Response time may vary
Quick response times

WeTrade offers a comprehensive customer care service that is available 24/7 through various communication channels such as email, YouTube, Facebook, and line. This provides customers with multiple options to reach out to the support team and get their queries resolved in a timely manner. Additionally, the support team has a reputation for providing quick response times, which ensures that customers' issues are resolved efficiently. However, WeTrade does not offer phone support, which may be inconvenient for some customers who prefer to speak with a representative directly. Moreover, the response time may vary based on the communication channel used, and the nature of the query may also impact the response time.

Conclusion

In conclusion, WeTrade is a UK-based forex broker that is regulated by FSA and LFSA. The broker offers various account types, including STP, VIP, ECN, and affiliate, with competitive spreads and high leverage up to 1:2000. The broker supports various trading instruments, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. Moreover, WeTrade provides educational resources and customer support available 24/7 via email, YouTube, Facebook, and Line. Overall, WeTrade has some advantages such as competitive trading conditions, a wide range of tradable instruments, and excellent customer support, which make it an attractive option for traders. However, there are also some drawbacks such as limited deposit and withdrawal options, lack of a proprietary trading platform, and no negative balance protection. Therefore, traders should carefully consider their options and weigh the advantages and disadvantages before choosing WeTrade as their preferred forex broker.

Frequently asked questions about WeTrade

• What is the minimum deposit required to open an account with WeTrade？

• Answer: The minimum deposit required to open an account with WeTrade varies depending on the account type chosen. For the STP or affiliate account, the minimum deposit is 50 USD, for the VIP account it is 1000 USD, and for the ECN account it is 3000 USD.

• What trading platforms does WeTrade offer？

• Answer: WeTrade offers the popular MetaTrader 4 (MT4) platform for desktop, web, and mobile devices. MT4 is well-known for its advanced charting features, customization options, and automated trading capabilities.

• What are the maximum leverage levels offered by WeTrade？

• Answer: WeTrade offers a maximum leverage of up to 1:2000 for all account types, which means that traders can open positions that are up to 2000 times the size of their account balance.

• What instruments can I trade with WeTrade？

• Answer: WeTrade offers a variety of financial instruments for trading, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. In total, there are over 90 instruments available for trading.

• How can I contact WeTrade customer support？

• Answer: WeTrade offers 24/7 customer support via email, YouTube, Facebook, and Line. Traders can reach out to the support team at any time for assistance with their account or trading-related questions.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

ACY Securities Review Summary in 10 Points
Founded	2011
Registered Country/Region	Australia
Regulation	ASIC
Market Instruments	Stocks, FX, Commodities, Indices, ETFs
Demo Account	Available
Leverage	500:1
EUR/USD Spread	variable
Trading Platforms	MT4, MT5
Minimum deposit	$50
Customer Support	24/5 live chat, phone, email

What is ACY Securities？

ACY Securities, a trading name of ACY Securities Pty Ltd, is a multi-financial broker with a full license from the Australian Securities and Investments Commission (ASIC, License No. 403863). Since 2011, the company has relied on its keen insight into the market, effective demand management, client-oriented & advanced technology, and perfect educational resources to help more institutional participants and retail traders integrate into the ever-changing financial derivatives industry.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

ACY Securities offers a wide range of instruments for trading and flexible account options with low minimum deposits. They also provide a variety of educational resources to help traders improve their skills.

However, there have been reports of issues with withdrawals and slippage. It's important to approach investing with caution and to thoroughly research a broker before deciding to invest.

Pros	Cons
• ASIC-regulated	• Reports of severe slippage and withdrawal issues
• Multiple trading assets and funding options
• Demo accounts available
• MT4 and MT5 supported
• Low minimum deposit ($50)
• Competitive spreads and commissions
• Trading tools and educational resources available
• Multiple communication channels available

Note: These pros and cons are based on the information provided and may not be exhaustive.

ACY Securities Alternative Brokers

There are many alternative brokers to ACY Securities depending on the specific needs and preferences of the trader. Some popular options include:

• RoboForex - A reliable broker with a wide range of trading platforms, but with high fees and a limited product portfolio.

• Hantec Markets - A good choice for experienced traders seeking a range of markets and trading platforms, but with limited educational resources and high fees.

• Key Way Investments - A decent broker for beginners with a strong focus on education and low fees, but with a limited product range and average customer service.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is ACY Securities Safe or Scam？

Regulated by Australia Securities & Investment Commission (ASIC) is generally considered to be a positive sign for a brokerage firm, as ASIC has a good reputation for enforcing strict regulatory standards. However, negative reviews from clients about severe slippage and difficulty with withdrawals are certainly a cause for concern. It is recommended that traders carefully consider all available information and conduct their own research before deciding to trade with ACY Securities or any other brokerage.

Market Instruments

ACY Securities offers a wide range of trading instruments to its clients. With over 2200+ trading instruments, traders can access Forex, Precious Metals, Indices, Commodities, Cryptocurrencies, ETFs and Share CFDs. This allows traders to diversify their trading portfolio and take advantage of different market conditions. With so many options, traders can find opportunities in multiple asset classes and take positions based on their trading strategies. The variety of instruments offered by ACY Securities makes it a versatile platform for traders looking for diverse opportunities in the financial markets.

Accounts

Apart from demo accounts, the company offers three live account types to cater to the needs of different traders, namely Standard, ProZero and Bespoke, with minimum deposit requirements of $50, $200, and $10,000 respectively. The minimum trading volume for all these three accounts is 0.01 lots.

Leverage

ACY Securities currently provides 50:1, 100:1, 200:1, 300:1, 400:1, and 500:1 leverage to meet investors' various needs. The maximum leverage for commodities and precious metals is 1:500, the stock index is 1:100, and for share CFDs is 1:25.

While leverage can amplify potential profits, it also increases the risk of significant losses. Therefore, it's important for traders to understand the risks involved and use leverage responsibly, especially for beginner traders who should start with lower leverage until they gain more experience.

Spreads & Commissions

Spreads and commissions with ACY Securities are scaled with the accounts offered. Specifically, the spread is variable on the Standard account, and from 0.0 pips on the ProZero and Bespoke accounts.

Note that the ProZero and Bespoke accounts have a commission-based pricing structure, which means that while the spreads can be tighter, traders need to pay a commission on top of the spread. Specifically, $3/lot per side on the ProZero account and $2.5/lot per side on the Bespoke account. In contrast, there is no commission charged for the Standard account.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
ACY Securities	From 0.0 pips	No commission on Standard,$3/lot per side on ProZero, $2.5/lot per side on Bespoke
RoboForex	From 0.0 pips	$20/lot per side
Hantec Markets	From 1.2 pips	No commission
Key Way Investments	From 0.7 pips	No commission

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

ACY Securities provides clients with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for desktop, mobile, and web. These platforms are renowned for their user-friendly interfaces and advanced charting capabilities, as well as their extensive range of technical indicators and trading tools.

With MT4 and MT5, traders can customize their trading experience to suit their individual needs, and execute trades quickly and efficiently. The mobile and web versions of the platforms allow traders to access their accounts on-the-go, ensuring that they can always stay up-to-date with market conditions and execute trades at their convenience.

Overall, the availability of these well-established trading platforms can be a significant advantage for traders who are looking for a reliable and versatile trading experience.

See the trading platform comparison table below:

Broker	Trading Platforms
ACY Securities	MT4, MT5
RoboForex	MT4, MT5, cTrader
Hantec Markets	MT4, WebTrader
Key Way Investments	MT4, WebTrader

Trading Tools

ACY Securities offers a variety of trading tools to enhance clients' trading experience. Capitalise.ai is a trading automation platform that enables traders to automate their strategies using natural language. MetaTrader Scripts are designed to help traders automate some repetitive actions in the MT4 and MT5 platforms, such as opening multiple orders or closing all positions at once.

Signal Start is a platform that provides signals from third-party signal providers, which traders can use to make informed trading decisions. Forex VPS is a virtual private server service that allows traders to run their trading platform and expert advisors (EAs) 24/7 without interruptions. With these trading tools, traders can optimize their trading strategies, improve efficiency, and potentially increase profitability.

Deposits & Withdrawals

ACY Securities accepts various payment methods, including Wire Transfer (Local and International), Credit/Debit Cards, Skrill, Doku Wallet, and China Union Pay, and the minimum initial deposit requirement is $50. Bank transfer deposits are free, but your bank may charge for international payments.

ACY Securities minimum deposit vs other brokers

	ACY Securities	Most other
Minimum Deposit	$50	$100

You can make 3 free withdrawals per month, and after that, you will be charged $25 per withdrawal in your base currency, or you can wait for the new month to get your free withdrawals again. The amount you withdraw must be the same as the deposit, and you must withdraw within 20 days of the transaction.

ACY Securities processes withdrawal requests on the same day if received before 16:00 AEST; requests received after that time will be processed on the next business day. The speed of receiving and clearing funds depends on the withdrawal method chosen. Bank transfers take 2-3 business days, while card withdrawals take 3-5 business days.

See the deposit/withdrawal fee comparison table below:

Broker	Deposit Fees	Withdrawal Fees
ACY Securities	Free for most methods	3 free withdrawals/month, then $25
RoboForex	Free for most methods	Depends on the method and country
Hantec Markets	Free for most methods	Depends on the method and country
Key Way Investments	Free for most methods	Depends on the method and country

Please note that the fees may vary depending on the specific payment method used and the country of the trader. It is important to check the broker's website for the most up-to-date information on fees and charges.

Customer Service

ACY Securities provides multiple channels for clients to get in touch 24/5, including phone, email, live chat, and an online messaging system. Clients can also follow the broker on various social media platforms such as Twitter, Facebook, Instagram, YouTube, LinkedIn, and TikTok. In addition, an FAQ section is available on the website to answer common questions.

Overall, ACY Securities' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros	Cons
• Multi-channel support	• No 24/7 customer support
• Live chat support	• Some users have reported difficulties resolving issues with customer service
• FAQ section available
• Social networks updated

Note that these pros and cons are based on user feedback and experiences, and may not necessarily be representative of everyone's experience with ACY Securities' customer service.

Education

ACY Securities places great emphasis on forex education, providing a wide range of learning resources to help traders improve their trading skills and strategies. The broker offers a variety of educational materials, including webinars, e-books, and premium training resources, catering to traders at all levels, from beginners to experienced professionals.

The Market Analysis Webinar provides insight into market trends and helps traders stay up to date with the latest news and events affecting the forex market. The Forex E-books are comprehensive guides that cover various trading strategies, tools, and techniques. The Premium Training Resources are designed to provide traders with personalized education tailored to their individual needs, helping them gain a deeper understanding of the forex market and improve their trading performance.

User Exposure on WikiFX

It is important to exercise caution when investing with any broker, and this includes ACY Securities. It is concerning to see reports of severe slippage and issues with withdrawals from some users. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

As a whole, ACY Securities is a regulated and reputable broker that offers a wide range of trading instruments, multiple account types, and various trading platforms. The broker also provides traders with educational resources, trading tools, and excellent customer support. However, there have been some reports of slippage and withdrawal issues, which should be taken into consideration.

In summary, ACY Securities may be a suitable broker for experienced traders looking for a diverse range of trading options and strong support, but potential investors should be aware of the risks involved and exercise caution before investing.

Frequently Asked Questions (FAQs)

Q 1:	Is ACY Securities regulated？
A 1:	Yes. It is regulated by Australia Securities & Investment Commission (ASIC).

Q 2:	Does ACY Securities offer demo accounts？
A 2:	Yes.

Q 3:	Does ACY Securities offer the industry-standard MT4 & MT5？
A 3:	Yes. Both MT4 and MT5 are available.

Q 4:	What is the minimum deposit for ACY Securities？
A 4:	The minimum initial deposit to open an account is $50.

Q 5:	Is ACY Securities a good broker for beginners？
A 5:	No. ACY Securities is not a good choice for beginners. Though it advertises very well, there are too many complaints on the Internet. Take care!