You’re interested in trading the Forex and CFD market, but you aren’t sure where to start. Not only is it regulated, but it also offers fee-free options and super-fast withdrawal and deposit methods. Margin is the amount of money you need to open a position. As the trading platform is largely dependent on your preferences, you can use both MetaTrader 4 and MetaTrader 5 to trade in the forex market. Alternatively, you can use the AUSForex WebTrader to trade in forex on your PC.
Online FX And CFD Trading Broker
If you’re an Australian resident looking to trade the foreign exchange, you should know that AUSFOREX is an offshore broker. The broker later relocated its headquarters to London in 2015, where it obtained a full license from the Cyprus Securities and Exchange Commission (CSEC). AUSFOREX offers two types of accounts: standard and micro-accounts. For the latter, the spread is usually higher. AUSForex offers a wide variety of products for trading including foreign exchange, equity indices, commodities, oil, and gold and silver.
AUSForex offers a variety of trading platforms for its clients, including MetaTrader 4 and MetaTrader 5, which is an excellent choices for beginners and seasoned traders alike. While it’s uncommon for a Forex broker to offer commission-free options, the ausforex website does. This is because of the IB referral program. In this program, you refer a customer to an Ausforex account and get daily commissions on every trade. To join, you must deposit a minimum of $1000. Most brokers require a much smaller minimum.
Regulated By The FCA, SFC, Cysec, And FSC
The FCA and SFC are the main regulatory bodies that govern financial services and the UK. These bodies give AUSFOREX a license to conduct business in the UK and provide straight-through regulation to EU countries. In addition to the FCA, CySEC and FSC regulate trading services and require AUSFOREX to participate in an Investor Compensation Fund (ICF) for retail customers.
This fund compensates retail investors in the event of a firm’s failure to meet its financial obligations or bankruptcy. CySEC and SFC regulations mean that AUSFOREX is a better option for UK residents. The FCA is a tough advocate for small investors. It aims to ensure a level playing field by regulating securities firms and enforcing its rules and regulations.
Brokers licensed by the FCA meet its standards and are protected by the FCA. The SFC is the next biggest regulator, with more than 30 brokers registered with the agency. There are over twenty companies registered in the BVI.
Super Fast Deposit And Withdrawal Methods
Whether you are a beginner or an experienced trader, Ausforex has the tools and services you need to succeed. There are two account types at AUSForex: standard and premium. Additionally, AUSForex does not offer many bonus opportunities, so meeting the requirements is not easy. Nevertheless, if you can meet these requirements, this broker is a good choice for you. The minimum deposit amount is $1,000, while the other account types are much lower.
In addition, a number of popular funding methods, including credit cards and bank transfers, are offered by this broker. The initial deposit amount is a bit high, but the fees are low and the processing time is fast. Although Ausforex does not offer a wide selection of funding methods, it has the most popular ones. The fastest way to fund your account is by using a credit card or PayPal.
AUSFOREX has two types of accounts: a standard and a micro account. The micro account option allows you to trade in as little as one micro lot. Both of these account types offer commission-free options, as long as you deposit at least $1000.
What’s Next?
AUSForex is a global online forex broker, providing trading services for all major currencies. AUSForex offers a variety of ways to trade Forex. The broker has over 300,000 traders who are active on the platform.
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