ACY Securities Launches MetaTrader Xchange

Sydney-based stockbroker ACY Securities rolled out its MetaTrader5 platform called MT5 Xchange. The Australian Securities and Investments Commission-regulated broker offers hundreds of stocks from a few of the largest companies worldwide.

The firm gives access to Nasdaq, the New York Stock Exchange (NYSE), and the Australian Stock Exchange (ASX). 

ACY’s new platform provides access to almost 1,000 instruments. Users also have a 1:500 leverage on foreign exchange, metals and oil. The service has free commissions, but clients must have a minimum deposit of $50.

Jimmy Ye, co-founder and director, said that the MT5 Xchange gives traders access to all major asset classes. It has a full range of FX currency pairs, indices, commodities, and cryptocurrencies, with access to advanced ordering options.

The feature also gives users the ability to hedge their positions and diversify their trading portfolios. Leverage on offer across an entire share offering is 1:25. 

Users can access the new stocks MetaTrader 5 platform via the firm’s website on desktop, mobile, and on the web.

ACY Thrives with Other AU Brokers

ACY Securities’ confidence came as Aussie brokers thrive over high volatility courtesy of COVID-19. The firm saw record trading volumes and new trading accounts in February and even surpassed the volumes in March. 

He said new clients are signing up for the exchange, not only from those living in Australia. He claims this revealed the virus’s and the volatility’s international nature. 

Another Australian brokerage firm GO Markets said there was a material increase in trading volume with market volatility. As markets deal with unprecedented themes, stocks are bound to feel the rush.

Some companies, such as the two above, claim that today’s trading activity represents an opportunity. Automated trading could provide higher volumes in volatile markets.

Most traders, investors, and brokers are greatly affected by the uncertainty of today’s economic stimuli. Demand overweighed the supply for gold, which also affects all brokers and liquidity providers. 

Because of this, investors should exercise extreme caution over these unpredictable market conditions.