Australia-based retail and CFD broker ACY Capital has rebranded itself as ACY Securities following the acquisition of Synergy FX announced six months ago. Under the new banner, the trading company will offer FX, indices, crypto and commodities as well as trading education services.
Set to continue its global expansion, ACY Securities will be rolling out a line up of new products and services in the coming months, which include a new MT5 trading platform, securities trading, a new client portal with advanced account management dashboard, and new MAM System which will be part of the next technology product launch.
The acquisition of Synergy FX, which took place in H2 2018, allowed the firm to be integrated into ACY’s forex and CFD business, whilst still maintaining the Synergy FX brand. Jimmy Ye, Director of ACY Capital Group, had commented on the deal . “Technology and education are keys for businesses in financial and derivative industry. Acquiring Synergy FX represents an important opportunity for the group to grow our footprint globally and especially hometown Australia. Combining Synergy FX’s impressive track record with ACY Capital’s in-house capabilities in financial insight, demand management and state of art technology and education puts us in a unique position to assist more institutions and retail traders to take advantage of the changing derivative industry.”
ACY Securities Pty Ltd (AFSL 403863) and ACY Capital Pty Ltd (AFSL 474738) are authorized and regulated by the Australian Securities and Investments Commission.
Christian Dove, CEO of Synergy FX, said that its brokerage could improve its solutions for traders by accessing ACY Capital’s scale, multi-technology solutions, educations and strong balance sheet. In early 2019, Dove was appointed Chief Executive Officer at EverForex Financial after spending almost a decade with Synergy Financial Markets which he founded. He commented on his executive move, pointing out that since selling Synergy last year “I have been looking for new opportunities. Both I and EverForex are very excited about our potential together in the future.”