ACY Securities Minimum Deposit

ACY Securities -Minimum Deposits

 

 

ACY Securities Minimum Deposit

 

The initial minimum deposit amount starts from $50.

 

ACY Securities requires various initial minimum deposit amounts depending on the type of account the trader opens, and this can be broken down as follows:

  • StpECN – initial minimum deposit of $50 or ZAR72 and $50 minimum deposit thereafter
  • ZeroECN – initial minimum deposit of $2,000 or ZAR 37,668.98 and $100 minimum deposit thereafter which amounts to ZAR 1,883.45.
  • PureECN – initial minimum deposit of $20,000 or ZAR 376,689.80 and $100 minimum deposit thereafter which amounts to ZAR 1,883.45

 

Traders should note that the initial minimum deposit amount and minimum for deposits thereafter are indicated in USD and that the conversion to South African Rand was done as per the current exchange rate on the day that this article was written.

ACY Securities is a broker which is authorized and regulated by the ASIC in Australia and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

 

The ACY Securities minimum deposit when opening a real account is low when compared to other brokers and in addition, ACY Securities does not charge any deposit fees when traders fund their trading accounts.

Traders will need to make sure of fees that may be waived by their payment providers in case there are fees that are charged on transactions when depositing funds into the trader’s ACY Securities trading account.

 

ACY Securities offers clients the following ways in which funds can be deposited into the trading account:

  • Credit/Debit Card
  • Wire Transfers
  • E-payments including Skrill, Doku Wallet and China Union Pay

 

ACY Securities supports the following deposit currencies in which traders can fund their accounts:

  • USD
  • AUD
  • NZD
  • GBP
  • EUR
  • CAD
  • JPY
  • SGD

 

Step by step guide to deposit the minimum amount

 

As soon as the trader has registered for a live account with ACY Securities and the account has been verified and approved, the trader can follow these steps to deposit the minimum amount into the trading account:

  1. The trader can log into their client portal – Cloudhub.
  2. As soon as the trader is logged in, they can select ‘Cash Management’ and ‘Deposit’.
  3. The trader can then select the currency in which they wish to fund their account and proceed to deposit the minimum amount.

 

Third-party payments are strictly prohibited, traders need to ensure that funds are paid from the account that they have registered on ACY Securities or funds will be returned to its source should it be detected that a third-party payment was made.

Traders should take note that depending on the payment method used, some transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

 

Pros and Cons

 

PROS CONS
1.      Low minimum deposit amount 1.      Only a few e-wallet payments are supported
2.      No deposit fees
3.      Variety of payment methods supported
4.      Variety of deposit currencies

 

FAQ

 

What is the minimum deposit for ACY Securities?

$50.

 

How do I make a deposit and withdrawal with ACY Securities?

 

ACY Securities offers the following popular deposit and withdrawal methods:

  • Credit/Debit Card
  • Wire Transfers
  • E-payments including Skrill, Doku Wallet and China Union Pay

 

ACY Securities prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.

 

Does ACY Securities charge withdrawal fees?

Yes. $25 is charged per withdrawal as a service fee for international bank transfers outside of Australia.

 

How long does it take to make a withdrawal?

 

  • Credit/Debit Card – Instant.
  • Wire Transfers – Up to 7 business days.
  • E-payments including Skrill, Doku Wallet and China Union Pay – Up to 24 hours.

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