Company

Spread

for AUDUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

AvaTrade

Offers four ways to trade: Forex, Spread betting, CFD trading, and options trading

 Offers Bitcoin, Ethereum, Dash, Ripple and Litecoin
AvaTrade
See Details Try a Demo
Your capital is at risk
€/£/$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
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  • Market Maker
  • DMA
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Trust Score:

AAA

Used by:

200,000

Established in:

2006

Regulated by:

Central Bank of Ireland, ASiC ...

Plus500

Offers two ways to trade: CFDs, Forex

Plus500
See Details Try a Demo
Your capital is at risk
£100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

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  • Market Maker
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Trust Score:

B

Used by:

155,000

Established in:

2008

Regulated by:

Financial Conduct Authority (F...

See DetailsTry a Demo
Your capital is at risk

eToro

Offers two ways to trade: CFD trading, and social trading

eToro
See Details Try a Demo
Your capital is at risk
$50Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

AAA

Used by:

6,000,000

Established in:

2006

Regulated by:

Financial Conduct Authority, C...

See DetailsTry a Demo
Your capital is at risk

London Capital Group

Offers one way to trade: Forex

London Capital Group
Your capital is at risk
$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

IG

Offers four ways to trade: Forex, Spread Betting, CFD, Stock trading and Binary options

IG
Your capital is at risk
£200Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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See Methods
  • Live chat
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  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

ETX Capital

Offers three ways to trade: Forex, Spread betting, CFD and Binary options

ETX Capital
Your capital is at risk
$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

Core Spreads

Offers one way to trade: Forex

Core Spreads
Your capital is at risk
£1Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

City Index
Your capital is at risk
£25Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
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  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

XTB

Offers one way to trade: Forex

XTB
Your capital is at risk
$1Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk

XM

Offers five ways to trade: Forex, Commodities, Equity Indices, Precious Metals, Energies

XM
Your capital is at risk
$5Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
See Details
Your capital is at risk
CFDs are leveraged products and can result in the loss of your capital. 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 AvaTrade
For Trading AUD/USD?

AvaTrade 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 AvaTrade scored highly in:

  • 11+ years in business
  • Offers 250+ instruments
  • A range of platform inc. MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.0 pips
  • Used by 200,000+ traders
  • Allows hedging
  • 5 languages
  • Leverage up to 1:400

AvaTrade offers four ways to trade: Forex, Spread betting, CFD trading, and options trading. 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.

AvaTrade have a AAA trust score, which is v. good. This is largely down to them being regulated by Central Bank of Ireland, ASiC , FSA, FSB and BVI, segregating client funds, being established for over 11 years, and much more. For comparison:

Trust Score comparsion

AvaTrade Plus500 eToro
Trust Score AAA B AAA
Year Established 2006 2008 2006
Regulated by Central Bank of Ireland, ASiC , FSA, FSB and BVI Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Financial Conduct Authority, CySEC
Uses tier 1 banks
Company Type Private Public 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 AvaTrade is (& Isn’t)
Suitable For

As mentioned, AvaTrade allows you to trade in four ways: Forex, Spread betting, CFD trading, and options trading.

Suitable for:

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

Not Suitable for:

  • Share Dealing

To trade with AvaTrade, you'll need a minimum deposit of $100. AvaTrade offers a range of different account types for different traders including a micro account, mini account, vip account.

Finally, AvaTrade isn't available in the following countries: US, Belgium, Canada & Singapore.

Part 3

A Comparison of AvaTrade vs. Plus500 vs. eToro


Want to see how AvaTrade stacks up against Plus500 and eToro? 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.
AvaTrade Plus500 eToro
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.0 0.01% 3.0
GBP/USD Spread 1.8 0.01% 4.0
USD/CAD Spread 1.80.02%3.0
USD/JPY Spread 0.90.02%2.0
DAX Spread 1.5 0.01% 100.0
FTSE 100 Spread 1.0 0.02% 100.0
S&P500 Spread 0.25 0.02% 100.0

Comparison of account & trading features

AvaTrade Plus500 eToro
Spread type Fixed B AAA
EUR/USD Spread 2006 2008 2006
EUR/GBP Spread Central Bank of Ireland, ASiC , FSA, FSB and BVI Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Financial Conduct Authority, CySEC
Crude Oil Spread
Gold Spread Private Public 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.

Other popular Forex Pairs

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