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CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Trading AUD/USD

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For Trading AUD/USD?

scored best in our review of the top brokers for trading aud/usd, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages
  • Leverage up to

offers one way to trade: . If you wanted to trade AUDUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being established for over years, and much more. For comparison:

Trust Score comparsion

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you'll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn't available in the following countries: . They do not offer islamic accounts either.

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
AUD/CAD Spread
AUD/CHF Spread
AUD/JPY Spread
AUD/NZD Spread
AUD/SGD Spread
EUR/AUD Spread
GBP/AUD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Spread type Fixed
EUR/USD Spread
EUR/GBP Spread
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

Forex Trading: The AUD/USD Currency Pair

The AUD/USD major currency pair is not the most popular but it is nevertheless a widely-traded pair, it is also known as the “Aussie dollar” by forex traders. The US dollar is by far the more widely traded currency of the two, recording over-the-counter (OTC) average daily turnover of US$4,438 billion (88% of the market) during 2016. The AUD recorded an average OTC daily turnover of US$348 billion (7% of the market) during the same period.

By comparison, the AUD/USD currency pair is not among the highly volatile currency pairs, recording a volatility of 0.99% during the last 10 weeks, having moved by some 71.32 pips. The currency pair opened on Monday March 6, 2017, at 0.76580, down from the previous close of 0.7596 (Bloomberg).

The Fundamental Factors Affecting the AUD/USD Currency Pair

A wide range of fundamental factors affects the rate at which the AUD/USD trades. Among these factors are the economic policies of both countries, the prevailing political climate in each location, employment rates, interest rates, and trade policies.

Major political events such as the Presidential elections that occurred in the United States in November 2016, tend to have a major impact on currencies. For example, following President Trump’s surprise win, the currency pair experienced a surge in volatility with the Aussie moving upwards just before the elections and then dropping sharply following the unexpected victory of President Trump. After reaching a 6-month intraday high of 77.72 cents on November 9, 2016, the price plummeted to 75.80 cents as it became evident that Trump could win the 2016 US Presidential elections. Although the pair stabilised somewhat following the President’s victory speech, volatility stayed buoyant for a few weeks as traders and investors adjusted to the new developments.

As 2017 progresses, the currency pair is expected to reflect investor sentiments concerning President Trump’s economic and trade policies. Fiscal policies are also expected to play a significant role in determining the rates at which these two currencies will trade throughout the year. Any rate hike decisions taken and implemented by the US Federal government, are likely to result in a strengthening of the US dollar relative to the Aussie, all other things remaining equal. President Trump’s promise of increased employment opportunities is also likely to trigger investment if realised. As traders and investors gain a clearer understanding of the US President’s policies, volatility is expected to taper off.

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