ACY Securities has enhanced its Swap-Free account offering following a comprehensive review of its product suite.
The CFD broker has announced that the time before an admin fee is applied to Swap-Free accounts has been extended from 2 days to 4 days.
The decision will provide Islamic Account users with greater value and flexibility as the Swap-Free Account, which is designed to meet the needs of traders who follow Sharia law, now offers an extended period before an admin fee is applied.
With more time to manage their positions without incurring any additional fees, Swap-free account users are provided enhanced flexibility in their trading strategies while ACY Securities maintains the highest standards of client service, the broker clarified.
“Adjustment to the Swap-Free Account is a direct result of listening to client feedback”
Jimmy Ye, CEO of ACY Securities commented: “Our focus has always been on creating a trading environment that best serves our clients’ needs. By updating the time before the Swap-Free account is charged an administration fee from 2 days to 4 days, we’re delivering added flexibility to traders. This adjustment to the Swap-Free Account is a direct result of listening to client feedback and our ongoing review of how we can best meet the needs of our traders.”
ACY Securities has been increasingly targeting Muslim traders. A recent move was the appointment of Dr. Nedal Alchaar as Chief Economist for its Middle East and North Africa (MENA) division. Dr. Alchaar brings to the table a treasure trove of experience in finance, economics, and academia, having previously served as Syria’s Minister of Economy and Trade, among other roles.
His contributions to Islamic Finance have not gone unnoticed. Among his many accolades are His Highness Sheikh Mohammed Bin Rashid Al Maktoum Prize for Banking Excellence in 2006, and two nominations for The Nobel Prize. Arabian Business Magazine also ranked him as the eighth most influential business figure in the Arab World.
The hiring of Dr. Alchaar underlines ACY’s commitment to melding top-tier expertise with its core values of client-focus and technological innovation. His vast experience and insights into Islamic Finance could prove instrumental as ACY seeks to expand its footprint in the MENA region and wider Muslim world.
ACY Securities launched LogixTrader
ACY Securities recently launched LogixTrader, a proprietary trading platform that provides traders with innovative tools and technology to give them an edge on their trading journey.
ACY Securities’ LogixTrader features:
- a seamless, web-based trading experience across all devices that does not require users to download or install any applications to begin trading;
- a user-friendly interface and a range of innovative tools designed to provide traders of all levels with a competitive edge;
- a built-in economic calendar covering real-time economic events and updates;
- reliable risk management with guaranteed stop loss and take profit orders with no slippage, at no additional cost;
- dynamic margin which offers tiered leverage based on trading volume, offering a higher
leverage for lower volumes; - intuitive trading units that simplify the complexity of traditional lot sizes.
