- Jump to:
- Curated List of The 10 Best Forex Brokers for AUD/USD Trading
- How AUD/USD Trading Works for Traders and Brokers
- FAQ
Our team of expert traders tested several regulated and trustworthy forex brokers and compiled a toplist with the best brokers for trading AUD/USD. Each broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.
- Fusion Markets 74-89% of retail's CFD accounts lose money
- FP Markets 73.85% of retail investor accounts lose money
- Global Prime 74-89% of retail CFD accounts lose money
- Pepperstone 75.5% of retail investor accounts lose money
- Axi The vast majority of retail client accounts lose money
- XM Group 72.82% of retail investor accounts lose money
Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.
Curated List of The 10 Best Forex Brokers for AUD/USD Trading
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.
- Brand
- Trading platforms
- Minimum deposit
- Regulations
- Trading instruments
- Spreads
- Leverage for Forex CFDs
- Leverage for Crypto CFDs
- Leverage for Indices CFDs
- Deposit methods
- Withdrawal Methods
- Commission per Lot
- Contact details
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.