10TradeFX or ACY Securities – which is better for UK traders 2024? Compare 10TradeFX and ACY Securities in this detailed breakdown of their platforms, features and fees.
10TradeFX is an offshore regulated forex and CFD broker. The brand offers MetaTrader platform integration with spreads as low as 0.1 pips. The broker offers true STP and ECN execution. The low minimum deposit, social trading and funded trader account programme makes 10TradeFX appealing to new traders.
ACY Securities is a reputable CFD broker offering over 2200 instruments across forex, indices, commodities, shares and more. Regulated by ASIC, ACY Securities is a trusted broker with a strong reputation since 2011 and numerous industry awards.
Pros
I appreciate the flexible access to the MetaTrader 5 web and mobile platforms as well as TradingView charting and copy trading functionality
There are some diverse and popular asset classes on offer including forex, stocks, crypto and NFTs
I'm a fan of the comprehensive learning academy backed by London’s Association of Trading & Investment (ATI)
I like that traders can benefit from the Funded Trader program with up to $500,000 account size and 70% profit split
I feel reassured that ACY Securities is regulated by top-tier authorization, the Australian Securities and Investments Commission (ASIC), with negative balance protection and segregated client funds
I was pleased to be able to choose between the industry-renowned MT4 and MT5 terminals, as well as the respective mobile apps and additional tools like Capitalise.ai
The range of 15+ commission-free payment methods including POLi, Perfect Money, Skrill and wire transfer is competitive and aligns with top competitors
Responsive customer support is available 24/5 with local and international telephone numbers. I also found the live chat support reasonably helpful
I think the broker's range of 2200+ CFD instruments is fairly extensive and will serve any trader looking to build a diverse portfolio with low fees
I find the suite of analyst insights and educational content is comprehensive and enough to help me make informed trading decisions
Cons
I'm disappointed that the broker is regulated offshore by the Seychelles Financial Services Authority (SFSA) and is not overseen by any top-tier authority
I don't like how limited the shares offering is at 10TradeFX, putting them low in my rankings for market availability
I think it's a shame that the global entity is regulated offshore by the St Vincent and the Grenadines Financial Services Authority, so some traders may not receive the same safeguarding measures as the ASIC-regulated branch
Crypto traders will be disappointed that digital currencies are not offered
10TradeFX offers 200+ CFDs available to trade on the MT5 terminal. This is a relatively small range compared to most competitors I've reviewed. That said, the minimum deposit requirement to get started is only $50, which is great news for beginners.
I appreciate the wide range of over 2,000 CFDs at ACY Securities, encompassing global stocks, ETFs, forex, indices and commodities. New traders can get started with just $50, but I found that the best CFD prices are available for those who can deposit at least $200.
Leverage
1:600
1:500
FTSE Spread
200
1.3
GBPUSD Spread<
1.5
0.8
Oil Spread
20
0.04
Stocks Spread
29
Variable
Forex
My tests uncovered an average range of 40+ major, minor and exotic currency pairs with spreads as low as 0.1 pips and leverage up to 1:500. I like that the broker offers flexible contract sizes between 0.01 and 1 lot.
I was glad to see over 60+ major, minor and exotic currency pairs available to trade on the industry favourites, MT4 and MT5. Traders can leverage up to 1:500 and access liquidity from 16 tier-one global banks.
Assets
39
63
GBPUSD Spread
1.5
0.8
EURUSD Spread
1.5
0.4
EURGBP Spread
1.5
0.5
Cryptocurrency
There are 10+ crypto instruments available, including Bitcoin, Ethereum and Litecoin. Again, this is pretty limited for active crypto traders but I am glad to see some popular altcoins available 24/7 including Polkadot and Chainlink.