ACY Securities announces slew of developments including increased crypto offering

Karthik Subramanian

ACY Securities, one of the fastest-growing CFD brokers, has announced several developments at the brokerage aimed at making it easier and giving more choices for its clients to trade on the platform.

The first of these developments was a drastic reduction in the spread of a range of instruments for its clients in Australia. This has been implemented earlier but the company added this change in their statement to ensure that it reaches its clients and other traders who are looking for a strong and low-cost platform to trade with. The broker has also announced a drastic reduction in the commission charged to their Australian customers from A$8 per round turn to A$3 per round turn which is one of the lowest in the industry. If their Discount Levelling product is applied, it drops to a further A$2.5.

To increase the choice of instruments for the traders to trade in, the broker has also doubled its instrument offering from 800 to 1600 including CFDs of shares and ETFs of some of the major companies from all around the world giving a very wide choice to their clients. The company has also added many new commodity instruments like Zinc, Copper, Lead, Nickel, Gas and Aluminium to its platform.

Mr Justin Pooni, Head of Branding and Communications at ACY said, “The other significant development we would like to formally acknowledge is that we have more than doubled our offering across our share CFDs on the ASX, NYSE, Nasdaq and NYSE Arca Equities from 800 to over 1600. What that means is that you can now trade CFDs on over 1600 shares and ETFs including Apple, Facebook, Tesla, Amazon, SPDR S&P500 ETF Trust, VanEck Vectors Gold Miners, and the Proshares UltraPro Dow 30 to name a few”.

As part of this increase in the number of trading instruments, the company has also added the cryptos ChainLink, Stellar, EOS and Polkadot to the list of its digital asset offering which already has Bitcoin, Ripple, Ethereum, Litecoin and Bitcoin Cash. This is something that almost every trading platform has been doing in recent times due to the increased interest from the traders for trading cryptos which has been fuelled by the volatility. This volatility pushes the traders towards speculating in the cryptos rather than trying to buy and hold as they believe that they could use this speculation to make better profits than by holding cryptos. With these developments, the company hopes to empower its clients through increased choice.

Read this next

Digital Assets

Silvergate dismisses speculation of trouble, says BlockFi exposure is minimal

Crypto-friendly bank Silvergate Capital claimed on a Tuesday blog post that it had minimal exposure to crypto lender BlockFi, which filed for chapter 11 bankruptcy protection this week.

Retail FX

Fidelity launches crypto trading for retail investors

Fidelity Investments, one of the largest brokerages in the world, has officially rolled out a commission-free crypto trading product for retail investors, starting with zero-fee trading for Bitcoin and Ethereum.

Digital Assets

ECB head calls for tougher crypto regulation after FTX collapse

President of the European Central Bank, Christine Lagarde, has called on lawmakers to start working on fresh crypto regulations to protect the financial system after the collapse of the FTX exchange.

Retail FX

CySEC updates rules for regulated brokers’ cross border activity

As CySEC’s attitude of adopting more stringent licensing guidelines and operating regulations becomes ever clearer, certain aspects of the rules and operations start to come into sharper focus.

Market News

Outlook for Gold: Can the Precious Metal Regain Power?

Gold set an all-time high at $2070 on March 08, 2022, when the price skyrocketed amid investors’ worries about the military conflict in Eastern Europe.

Crypto Insider

2022 Islamic Finance recap: as the space continues to evolve, blockchain stands to play a big part

Despite the global economy being ravaged by turmoil induced by the Covid-19 pandemic over the last couple of years, the Islamic finance industry has emerged relatively unscathed

Crypto Insider

Decentralized Exchanges and Pooled Trading Platform Applications

Decentralized exchanges are one-way blockchain companies take back the power of value creation.

Crypto Insider

How to maximize the safety of your digital tokens?

Digitalization is the future of the investment world. These are the most preferred and growing investments in the world.

Institutional FX, Interviews

FIA EXPO 2022: Interview with Trading Technologies

The derivatives trading industry has gathered in Chicago to attend the FIA EXPO 2022 on 14-15 November. 

<