ACY Securities
We are investigating ACY Securities for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : ACY Securities
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 26 Aug 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 9011/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 22 Nov 2024
Due Diligence
Is This About You?
What We Are Investigating?
We are investigating ACY Securities for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
We are investigating ACY Securities for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
What are they trying to censor
ACY Securities, an Australian-based forex and CFD broker, has faced several allegations and adverse reports that could potentially harm its reputation. Key concerns include:
Withdrawal Delays and Fund Access Issues: Numerous traders have reported significant delays when attempting to withdraw funds. Some users experienced long waiting times or unexplained rejections of withdrawal requests, leading to suspicions about the company’s liquidity and business practices.
Spread Manipulation and Slippage: There are claims that ACY Securities manipulates spreads, especially during high-volatility periods, resulting in trades being executed at unfavorable prices. Additionally, traders have reported recurring issues with slippage, where trades are executed at prices different from those expected, leading to unexpected losses.
Poor Customer Service: Clients have expressed dissatisfaction with ACY Securities’ customer support, citing long response times, unhelpful staff, and a general lack of resolution when issues arise. This has led to frustration among traders seeking timely assistance.
Regulatory Warnings: In February 2024, Spain’s National Securities Market Commission (CNMV) added ACY Securities to its warning list, stating that the company lacks the necessary licenses to provide investment services in the local market. This inclusion among unlicensed brokers and exchanges raises concerns about the firm’s regulatory compliance in certain jurisdictions.
Alleged Censorship of Negative Feedback: Reports suggest that ACY Securities has attempted to suppress negative reviews and feedback. Traders have claimed that their critical reviews were removed or hidden on public forums and review websites, leading to accusations of the company trying to conceal its operational issues rather than addressing them transparently.
These allegations can significantly damage ACY Securities’ reputation by eroding trust among current and potential clients. Issues like withdrawal delays and spread manipulation directly impact traders’ financial outcomes, while poor customer service and attempts to censor criticism suggest a lack of transparency and accountability. Regulatory warnings further cast doubt on the firm’s adherence to industry standards.
To mitigate these reputational risks, ACY Securities might seek to remove or suppress such adverse information. By doing so, the company could aim to maintain a positive public image, attract new clients, and retain existing ones. However, addressing the root causes of these issues through improved practices and greater transparency would be a more sustainable approach to restoring and maintaining trust.
- https://lumendatabase.org/notices/44100534
- Aug 20, 2024
- FusionPoint Technologies.Co
- https://acy.com/en
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- https://www.fxstreet.com/company/acy-securities
Evidence Box
We are investigating ACY Securities for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes. Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.
He can be reached at [email protected] directly.
Many thanks to FakeDMCA.com and Lumen for providing access to their database
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How This Was Done
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
1.8
Based on 6 ratings
Samuel Wright
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trust me they are legit scammers... you cannot trust them at all.. plys they have worst customer service.... i had very bad experience with them.....
Alexander Green
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They dont respond when we try to tell them our problems this not a real its all fraud, it's all part of their scam! Too bad Google is letting them do this.Their service is very poor dont trust them.
Logan Cox
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Support is not good
Bella Webb
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ACY has the worst customer service I’ve ever experienced. When you ask a question, and they can’t handle it, they simply transfer you to their Account Managers—who, unfortunately, don’t have the answers either. I ould not recommend this broker to anyone based on their lack of support and professionalism.
Hunter Perry
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This is not a real broker—these are scammers. At the close of Friday trading on the USDRUB pair, the spread was suddenly expanded to 3 rubles, which triggered a stop out and caused my balance to drop to -11 dollars! I had two other accounts with different brokers, and nothing like this ever happened there. On top of that, they don’t respond to emails. I strongly advise never opening an account here—protect your money and stay away from this platform!
Emily Clark
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I had a terrible experience with ACY. On July 17, 2024, I deposited $505 and started trading. I made a profit of $723 and requested a withdrawal. Despite my account being fully verified, they started making unreasonable demands. First, they asked for a selfie with my passport, which I provided. Then they requested a short video of me holding my passport, which I also submitted. Now, they claim they are "reviewing my trading," delaying the withdrawal process further. The account manager is extremely rude, and the live chat support is unhelpful, with no clear information. My withdrawal is still pending, and the entire process feels unreliable and frustrating.