The AUD/USD is fondly known as the “Aussie” among investors. It is one of the currency pairs that are heavily influenced by the global prices of commodities the likes of coal, gold, crude oil and others. This is due to the fact that Australia is a major exporter of the commodities in question.
Whether the AUD/USD can be seen as a minor or major pair is debatable, and different investors hold different opinions on the matter. Consequently, its designation varies from broker to broker. Sometimes, it is listed along with majors, such as the EUR/USD, while in other cases, it is under the minors category. This makes picking an AUD/USD broker a bit trickier than other pairs.
How AUD/USD Trading Works for Traders and Brokers
The AUD/USD comprises free-floating currencies. What this entails is that instead of being fixed, both the US dollar and Australian dollar’s respective exchange rates are determined by supply and demand as opposed to their rates being fixed. This makes the AUD/USD susceptible to volatility, which, in turn, creates ample opportunities for trade.
The base currency in this pair is the AUD. In contrast, the US dollar is the quoted currency, which means the pair is quoted in USD, and trading is based on the number of US dollars it takes to buy a single Australian dollar. Lots are the basis upon which trading is conducted. There are several lot sizes within the forex market, and the largest one is the standard, which consists of 100,000 units.
The AUD/USD can be traded by individual investors five days a week, and the market is open 24 hours a day. This, however, does not mean that the market actually closes at the weekends. On the contrary, the weekends are when banks, hedge funds and other large entities are the only participants. There was a point in time where said institutions were the sole entities able to actually take part in the FX market as a whole, but the popularisation of online trading made the feat possible for the ordinary investor as well.
Top AUD/USD Trading Brokers
Making the decision comes down to knowing what you want from a broker, and finding a website which fits your personal criteria. Such aspects often include things like the banking solutions available, that is, the variety of deposit and withdrawal methods, and whether the broker offers the solution most convenient for you. In addition, keeping oneself safe is crucial, which is why it is best to go for brokers that are regulated by reputable financial regulatory bodies.
Finally, it will do a trader good to look for a broker that features their favourite tools while still offering competitive spread for the AUD/USD, which is why we have focused on brokers that offer relatively tight forex spreads.
- 1. eToroMin Deposit
- Majority of jurisdictions: $50
- UK and USA: $20
- Deposit made via bank transfer: $500
- Cayman Islands, French Polynesia, Gibraltar, Iceland, Isle Of Man, Jersey Island, Kuwait, Lithuania, Reunion Island: $1,000
- Israel: 10,000
- All other eligible locations: $200
CommissionsN/ASpread1 pip averageLeverage EU30:1Leverage non-EU30:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
- Deposits are free.
- $5 withdrawal fee.
- $10 monthly inactivity fee after 1 year of inactivity.
Founded in 2007, eToro has established itself as one of the best brokers on the market for FX investors that are fans of copy trading. eToro has an Editor’s Choice section where you can find accomplished investors who have performed well in recent months, which can be of great help when you are searching for someone to copy. This technique is easy to execute at eToro, as the process is automated, allowing you to simply allocate how much of your funds will be tied to the actions of the investor you wish to copy.
As for the more traditional aspects of AUD/USD trading, investors are able to use leverage of 30:1 at most, and the pip count tends to hover at around 1 pip.
When it comes to its security and credibility, eToro is regulated by some of the most trustworthy regulatory bodies in the trading sphere, and this includes the Australian Securities & Investment Commission and the Financial Conduct Authority. Investors are also encouraged to enable two-factor authentication, which becomes a requirement after the first deposit into an account has been made. This means that from that point onwards, you will receive an extra code you will need to input each time you log in. Finally, if you have a device with biometric security capabilities, you can also utilise them at eToro as well.
- 2. AdmiralsMin Deposit$50Fees
- Deposits are free with the exception of Skrill: 0,9%, min. 1 EUR / USD
- Withdrawals: 1 free withdrawal request every month.
- Inactivity fee: €10 per month
- Currency conversion: 0.3%
- Opening a live or Demo account: free
Leverage EU20:1Leverage non-EU
- Min spread: 0.1
- Average spread: 1 pip
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Retail: 20:1
- Pro: 500:1
Admiral Markets is a reputable broker that is regulated by the Financial Conduct Authority, the Estonian Financial Supervision Authority, the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the Jordan Securities Commission. If you are a client of Admiral Markets, you can secure your account with two-step authentication. Moreover, your funds are held in segregated accounts away from company funds, ensuring your money is safe even if Admiral Markets is ever declared insolvent.
Trading on the world wide web is not always smooth sailing. Aggravating situations can happen, and all investors should be able to rely on their broker for assistance in fixing potential problems. Being able to get a quick answer to an inquiry is also crucial. Admiral Markets offers email and telephone support to its users, and the exact number and email are reliant on where you reside. Moreover, Admiral Markets’ customer support is available in multiple languages, including but not limited to French, English, Romanian and Spanish.
Admiral Markets features tight spreads for the AUD/USD forex pair. The minimum is 0.1 pips, and the typical spread is around just 1 pip. Retail investors have a 20:1 limit in terms of the leverage. As for professionals, the 500:1 leverage is the highest option.
- 3. FP MarketsMin Deposit$100FeesDeposits are free. Withdrawal fees:
CommissionsN/ASpreadFrom 0.0 pipsLeverage EU30:1Leverage non-EUUp to 500:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Credit/Debit Cards (Visa, Mastercard): free
- Domestic and international bank wire: free
- Neteller: 2% up to $30 + country fees (if applicable) per $45,000 transaction
- FasaPay: 0.50%
- PayTrust, Dragonpay, Paylivre, XPAY: 1.5%
- Perfect Money: 0.5% (USD) or 2% (other currencies)
- Cryptocurrency: blockchain fees applicable
- MPSA: 7.25%
- FairPay: 0.5% + $10 flat fee for Virtual Card
- STICPAY: 5% for bank wire, 2.5% for wallet
- Rupee Payments UPI: 5.75%
- RAPID: 1%
- Virtual Pay: 2%
- LuqaPay, Pagsmile: 3%
- Fasapay: 0.50%
FP Markets was founded in 2005. It is based in Australia, and this broker offers its products to investors from a wide range of locations across the world. There is no commission at FP Markets when it comes to forex pairings, including the AUD/USD, as all trading fees are covered by the spread. The forex spreads at FP Markets can be as low as 0 pips, while the leverage in the EU is 30:1. The maximum leverage offered by FP Markets is 500:1. Additionally, FP Markets will not charge you for deposits, while withdrawal related fees are dependent on the method you have chosen.
FP Markets makes use of MetaTrader’s 4 and 5 platforms. Investors can download dedicated software on their desktop computers, while a web version that works for both account types is also offered by the broker.
You will also have access to a number of useful tools, the first of which is a VPS, which stands for Virtual Private Server. Myfxbook is also quite useful if you wish to copy trade. Professional investors can take advantage of the Multi-Account Manager.
Notable is the presence of the so-called “Trader Tools” feature, which provides you with a variety of tools. This includes daily news, an economic calendar, an alarm manager, a correlation trader and matrix, stealth orders, and more.
- 4. Forex.comMin Deposit$100FeesNo deposit fee.CommissionsCommission account: $5 commission per 100KSpreadFrom 0.8 pipsLeverage EU30:1Leverage non-EU30:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Forex.com’s catalogue consists primarily of CFDs and forex trading. Its tools are numerous, and there is something for any type of AUD/USD investor. Beginners, for instance, can use the broker’s demo account in order to practise what was previously learned through theory. Powered by Chasing Returns, Performance Analytics will allow you to analyse your actions. There is a scorecard, your performance between long and short trades, and more.
You will also be able to keep up with the latest trades and major financial and economic events through forex.com’s news tools. This includes, but is not limited to, a live streamed news feed, an economic calendar, and Markets 360, which allows you to follow your market of choice and access a lot of information. Investors also have the opportunity to enable price, trade and order alerts. As for the spreads, the AUD/USD spreads start at 0.8 pips, while the leverage limit is 30:1.
Apart from the web and desktop solutions in terms of platforms, traders can also download a mobile Forex.com application on their smartphone device. The app is available on both the Google Play store and the Apple Store. Investors will have no trouble navigating its menus, and they can receive market notifications. In addition, performance analytics and other tools can easily be accessed through the app.
- 5. City IndexMin Deposit
- UK: £100
- Australia: A$150
- Singapore: $150
CommissionsN/ASpread1 pipLeverage EU30:1Leverage non-EU30:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Currency conversion: 0.5%
- $15 monthly inactivity fee after two years of inactivity
City Index was founded all the way back in 1983, making it one of the older forex brokers on the market. The account creation process is streamlined, and once you provide all the necessary information, you can also undergo verification. In general, verification does not take too long. In addition, it is best to enable two-factor authentication immediately once you have registered, as it is a feature that greatly improves the security of your account.
Trading the AUD/USD will usually involve a spread of 1 pip on average, and the platforms that you have at your disposal are a web trader and MT4, which is software many investors are familiar with. Additionally, mobile applications are an option as well, and they can be downloaded either from the App Store or Google Play. In addition, tools such as performance analytics and Smart Signals can assist you in managing the risks involved with trading the AUD/USD. The following guaranteed stop-loss orders are available:
- Stop Loss
- Trailing Stop
- Limit Order
You can also make use of an economic calendar, and City Index also has an excellent news section that will keep you up to date and allow you to read the trading analysis of the broker’s experts.
- 6. TickmillMin Deposit$100Fees
- No deposit or withdrawal fees
- No inactivity fee
- Pro: 2 per side per 100,000 traded
- Retail: no commission
- VIP: 1 per side per 100,000 traded
Leverage EU20:1Leverage non-EU
- Min: 0.0
- Typical: 0.1
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.
- Retail: 1:1 min, 20:1 max
- Pro: 1:1 min, 500:1 max
Tickmill is a broker that has been in operation for over a decade. It focuses on forex trading, stock indices and oil, precious metals, bonds, cryptocurrencies and stocks. In terms of the foreign exchange, there are over 60 currency pairs available.
The deposit methods include bank transfer, credit or debit card, as well as e-wallets such as Neteller, Paypal and Skrill. Last but not least, you can also use PaySafeCard, DotPay and Sofort. You should also keep in mind that withdrawals need to be conducted via the banking solution you chose to deposit money into your account. If this is not an option for you, you will need to contact Tickmill directly when you wish to withdraw.
Tickmill has several account options, and it is according to this that your AUD/USD leverage will change. Retail investors are limited by a spread between 1:1 and 20:1. Pro traders, on the other hand, also have a minimum spread of 1:1, but the maximum is 500:1. The AUD/USD spreads are tight at Tickmill. The spread can reach 0.0 pips at a minimum, and it will usually be 0.1 pips on average.
- 7. FxviewMin Deposit$5FeesFfxview will not charge clients for depositing or withdrawing.CommissionsStandard commission: $1 per $100,000 each way.SpreadAround 0.1 pipsLeverage EU20:1Leverage non-EU
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.76% of retail client accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Retail: 20:1
- Pro: Up to 300:1
Fxview is an ECN broker based in Cyprus. Forex investors who trade at Fxview can use either MetaTrader 4 or 5, and ActTrader is another option. Meta Trader 5 and ActTrader are both available to AUD/USD investors on the go as well.
The tools on offer are numerous. If you are an experienced trader and have deposited $5,000, a VPS service is available for free. In addition, the Trader’s Tool Box includes features such as an alarm manager, a correlation matrix and trader, and a market manager, among others. A mini chart, order history, symbol information, and a linear regression indicator are among the indicator packages you can find at Fxview. Naturally, traders can also make use of the autochartist software, which includes technical indicators, performance and volatility statistics and a risk management tool. Finally, you can calculate your profit and loss, commission, and margin easily, thanks to the broker’s array of trading calculators.
The spread of the AUD/USD instrument is floating, and although it is around 0.1 pips in general, it will often fall to 0 pips. As for the leverage, 20:1 is the lower limit, which is what retail traders have access to. Professionals, on the other hand, can have a leverage of up to 300:1.
- 8. VantageMin Deposit
- Standard: $200
- Raw: $500
- Pro: $10,000
- Vantage will not charge you for deposits or withdrawals
- There is no inactivity fee
Spreadfrom 0.3 pipsLeverage EU30:1Leverage non-EUUp to 500:1Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
- Standard: no commission
- Raw: from $3 per lot per side
- Pro: $1.5 per lot per side
Account creation at Vantage is straightforward. Verifying your identity does not take too long, and you will not run into any complications when you send your documents to the broker’s team. In addition, you can choose between several account types:
- Standard: minimum deposit of $200, no commission, spreads from 1 pip
- Raw: minimum deposit of $500, commission from $3 per lot per side, spreads from 0 pips
- Pro: minimum deposit of $10,000, commission from $1.5 per lot per side, spreads from 0 pips
All account types have access to the entirety of Vantage’s catalogue products wise. This includes trading on the foreign exchange, along with indices, precious metals, soft commodities, energies, and CFDs. Additionally, investors can use MetaTrader 4 or 5 regardless of which account type they have, and the same goes for the Web Trader. In addition, both users with iOS and Android devices have access to the platforms’ mobile applications.
When it comes to the AUD/USD spread in particular, it starts at 0.3. Pro clients have a leverage limit of 500:1. The leverage of EU users is 30:1 at a maximum.
If you are new to trading the AUD/USD, Vantage has also provided an array of educational resources that will aid you as you make your first step into the forex world. You can test that knowledge and hone your skills with a demo account that will provide you with virtual funds to trade with.
- Min Deposit
FeesDeposits are free excluding:
- Standard: $50
- ProZero: $500
- Bespoke: $10,000
- China Union Pay: 1.30% - 2.50%
- Neteller and Skrill: subject to respective wallet’s fees.
- Broker-to-broker transfer: Subject to bank transfer fees
Spread0.5 pips averageLeverage EU30:1Leverage non-EU
- Standard: zero
- ProZero: $3 perlot per side
- Bespoke: $2.5 per lot per side
RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose. ACY Capital Australia Limited (VFSC: 012868) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The KIS and Terms are available upon request or registration. If there is any advice on this site, it is general advice only.
- ASIC locations: 30:1
- Elsewhere: 500:1
ACY Securities is licensed by the Australian Securities and Investments Commission and the Vanuatu Financial Services Commission. This broker provides its services with the popular MetaTrader 4 and MetaTrader 5 platforms. You can opt for the desktop client or the web trader either way, and there are apps available on the major smartphone operating systems.
Although many traders prefer to stick to one instrument, there are also those who like to change things up from time to time and invest in a variety of products. ACY Securities is excellent for such individuals, since its catalogue includes a lot of options besides forex. Precious metals are available, for instance, as are indices, ETFs, and shares. Those interested in the AUD/USD’s status as a commodity pair will also be able to branch out in investing in commodities at ACY securities.
AUD/USD traders will find that the spread is often in the realms of 0.5 pips. As for the leverage, it ranges between 30:1 and 500:1.
Clients who have inquiries or are in need of assistance have several options in terms of contacting a representative of ACY Securities. Telephone is your first choice, and the broker has both an international phone line as well as dedicated numbers for Australia, Mainland China, and Taiwan. Communicating through email is also possible. Lastly, traders can opt for live chat if they wish.
- 10. CMC MarketsMin Deposit$0Fees
- $10 a month after one year of inactivity
- CMC Markets does not charge for deposits
- £15 for international bank transfer
- Free for all other methods.
CommissionsN/ASpreadMin spread: 0.70 pipsLeverage EU30:1Leverage non-EU500:1Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
- Holding cost (buy): 0.0041% (charged)
- Holding cost (sell): 0.0026% (charged)
CMC Markets is a reputable broker that is listed on the London stock exchange. The Financial Conduct Authority and the Australian Securities and Investments Commission are the bodies responsible for regulating this broker, and its catalogue includes trading on the forex market, CFDs, indexes, cryptocurrencies, treasuries, shares, and commodities. The trading methods themselves are either CFDs or spread betting.
CMC Markets features a plethora of guides that cover topics relevant to AUD/USD investors. The articles that concern trading and the forex market, in particular, are suitable for inexperienced investors. Additionally, clients can make use of webinars and seminars which too are useful in assisting you in learning more about trading. Finally, the platform trading section is the largest of educational resources available. This is welcome, seeing as CMC Markets features Next Generation, an excellent platform that, although well-designed, still requires some getting used to before you can master it. A demo account will help you get some hands-on experience in trading without any of the risks involved when real money is involved.
AUD/USD traders will find that this instrument’s spread is 0.70 pips at a minimum. As for non-trading fees, you will not be charged anything by CMC Markets for depositing into your account. Additionally, almost all withdrawal methods are free, excluding international bank transfer that has a fee of £15. Finally, take care to keep your account from becoming dormant, as one year of inactivity leads to a $10 monthly fee until your balance is exhausted. If you have no money left in your account, you will not be charged further.