Two brokers clash over regulation, costs, and platform choices. The matchup tests whether breadth and protections outweigh platform features.
ACY Securities edges MIFX on editorial score, due to ASIC regulation, far broader instrument coverage, and negative balance protection.
Find out which broker best suits your trader profile.
Choose ACY Securities if…
Choose ACY Securities if you want ASIC regulation, 2,200+ instruments, and negative balance protection.
Choose MIFX if…
Choose MIFX if you prefer Indonesian regulation with BAPPEBTI and OJK licences and IDR-denominated accounts.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
ACY Securities offers tighter spreads from 0.00 pips vs 1.50 pips for MIFX, reducing trading costs.
| Editorial score | 4.0/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 3.7 / 5 |
Pros
2,200+ instruments including share CFDs and ETF CFDs
TradingView integration for browser-based chart execution
ASIC regulated with Tier 1 investor protections
Raw ECN spreads from 0.0 pips at $7 round-turn commission
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ACY Securities | MIFX |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
The scores are close: ACY Securities rates 4/5 and MIFX rates 3.8/5. ACY Securities has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
ACY Securities starts from 0 pips, tighter than MIFX's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
MIFX has $30, while ACY Securities requires at least $50. This makes MIFX more accessible for traders with limited starting capital.
ACY Securities holds top-tier regulation (ASIC, FSA Seychelles), providing stronger investor protections. MIFX may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: MIFX requires a lower minimum deposit ($30), lowering the barrier to entry, and ACY Securities provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
ACY Securities lists maximum leverage of 500:1, while MIFX lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
ACY Securities charges $7 per lot on commission-based accounts. Commission details for MIFX are not currently available. Check their website for up-to-date pricing.
ACY Securities supports MetaTrader 5, TradingView, MetaTrader 4, while MIFX supports Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. ACY Securities has exclusive access to MetaTrader 5 and TradingView. MIFX has exclusive access to Proprietary Web/Mobile.
ACY Securities wins for safety and regulation with ASIC licensing and client fund segregation.
ACY Securities suits active traders with broad instruments, raw ECN spreads, and higher leverage.
ACY Securities is better suited for scalpers: tighter spreads from 0.00 pips.
ACY Securities offers MT4/MT5 and TradingView, giving broader platform choices.
MIFX offers a lower $30 minimum deposit and IDR-denominated accounts.
ACY Securities leads instrument variety with 2,200+ instruments.
Fees & Spreads 30% weight | 4.3 / 5▲ | 3.9 / 5 |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 3.9 / 5 | 3.9 / 5 |
|---|
| Founded | 2011 | 2003 |
|---|
| Headquarters | Sydney, Australia | Jakarta, Indonesia |
|---|
| Min Deposit | $50 | $30▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardCrypto | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardCrypto | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FSA Seychelles | BAPPEBTI OJK |
|---|
| Platforms | MetaTrader 5 TradingView MetaTrader 4 | Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Over 20 years of operation as an Indonesian-licensed broker
Holds both BAPPEBTI and OJK licences, full domestic regulatory compliance
Supports local Indonesian bank transfers for deposits and withdrawals
IDR account denomination avoids currency conversion costs
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
$200 minimum for ECN Ultra account
Less established brand than IC Markets or Pepperstone in Australia
Limited proprietary tools
No investor compensation scheme
No proprietary platform
Cons
Only available to Indonesian residents, no international clients
Limited asset classes compared to international brokers
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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