ACY Securities, one of the world’s fastest growing premium multi-category CFD brokers, has announced a drastic reduction in its spreads and commissions on major currency pairs, gold and oil, as well as ‘a doubling of the instruments available for customers from 800 to just over 1600.
The Sydney-based multi-regulated broker this morning released a statement saying the 3 developments are part of its overall mission to empower clients through low trading costs and increased product choice.
Justin Pooni, Brand and Communications Manager at ACY, said the company always works hard to ensure competitive negotiation costs for clients at all levels and to provide as much choice as possible when it comes to the number of instruments available to customers.
Mr. Pooni made three separate statements today regarding each of the major announcements.
Reduced spreads for Australian customers
Mr Pooni said that while substantial spread reductions were automatically applied to Australian customers some time ago, he wanted to raise more awareness of what he described as a significant development for the benefit of traders.
“When it comes to trading costs, we are always working hard to achieve the most competitive spreads for our clients. We are delighted to have already implemented significant spread reductions for clients of our Australian entity on all major currency pairs including AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY, as well as on Gold and oil (WTI), ”Pooni said. in an interview today.
Commission reduction for Australian customers
“On top of that, we have reduced the ProZero account commissions for our Australian customers from A $ 8.50 round trip to just A $ 3. It costs just $ 1.50 per lot per side and is one of the lowest commissions in Australia when looking at gross commission-only accounts. But it does not stop there. If you apply our leveling discounts it could drop even further to a ridiculously low round trip of A $ 2.5, truly representing one of the most competitive commission cost structures available anywhere in Australia ”.
Doubled the number of instruments to over 1,600
The other big news shared today by ACY in a written statement was of course the doubling of the instruments.
Mr Pooni complimented the statement saying:
“The other important development that we would like to officially recognize is that we have more than doubled our offer on our CFD stocks on ASX, NYSE, Nasdaq and NYSE Arca stocks from 800 to over 1600.
This means that you can now trade CFDs on over 1,600 stocks and ETFs including Apple, Facebook, Tesla, Amazon, SPDR S & P500 ETF Trust, VanEck Vectors Gold Miners and Proshares UltraPro Dow 30 to name a few ” .
Mr Pooni went on to say:
“For the commodities traders among us, in addition to the massive increase in trade-related products, we have also added a new range of new solid commodities to include copper, lead, zinc, nickel, gas and aluminum. This is all in addition to our already extensive basic product offering ”.
New (hard) commercial products offered:
Earlier this year, ACY Securities announced the appointment of Clifford Bennett as new Chief Economist and an extension of a multi-year, multi-million dollar partnership with Socceroos legend and former Everton star Tim Cahill.
See highlights from the partnership announcement in 2019.
Watch TVC 2020 – over 500,000 views.
Watch TVC 2021 – almost a million views.
About ACY Securities
ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC AFSL: 403863). Registered Address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorizes us to provide our services to Australian residents or businesses. Only Australian residents and businesses can be integrated with ACY.
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