ACY Securities Removes Fees for Cryptocurrency Deposits

Global multi-asset CFD broker ACY Securities has announced the elimination of payment gateway fees for cryptocurrency deposits, effective October 2, 2024. This move aims to enhance the cost-effectiveness of trading for its clients who use digital currencies to fund their accounts.

Previously, ACY Securities absorbed 1% of the 1.5% fee charged by the payment gateway for cryptocurrency deposits. With this change, the company will now cover the entire 1.5% fee, allowing clients to deposit funds without incurring additional costs.

Jimmy Ye, CEO, ACY Securities

Jimmy Ye, CEO of ACY Securities, stated: "We recognise the increasing popularity of cryptocurrency as a funding method, and our decision to remove all fees for deposits from cryptocurrency sources is designed to meet the evolving needs of our clients. This move is not only beneficial for our existing traders but also aims to attract new clients who prefer using digital currencies for their transactions. Our goal is to make trading as accessible and cost-effective as possible."

The broker notes that while it has removed all internal fees for cryptocurrency deposits, clients may still incur gas fees from their crypto wallets when conducting transactions on the blockchain. These fees, which are used to process transactions on the network, are outside of ACY Securities' control.

This update follows other recent changes at ACY Securities, including an extension of the grace period for swap-free accounts from two to four days before an admin fee is applied.

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