Brokers With AUD Accounts
The Australian Dollar (AUD), also known as the ‘Aussie’, is widely traded in the financial markets. This guide will highlight some of the top brokers with AUD accounts, the benefits of choosing a platform that accepts the Australian Dollar, plus how to compare top providers.
Brokers With AUD Accounts
These are the 5 best brokers that offer accounts with AUD as the base currency:
Brokers With AUD Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Visit |
|---|---|---|---|---|
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- | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting | WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | Visit |
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$0 | Forex, Crypto | OANDA Trade, MT4, TradingView, AutoChartist | Visit |
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$5 | CFDs, Multipliers, Forex, Stocks, Indices, Commodities | Deriv Trader, MT5 | Visit |
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$0 | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade | Visit |
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$5 | Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures | MT4, MT5 | Visit |
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$200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade | Visit |
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$100 | CFDs, Forex, Stocks, Indices, Commodities | MT4, MT5, TradingView | Visit |
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$0 | CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds | MT4, TradingView, TradingCentral | Visit |
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$10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, MT4, MT5, TradingCentral | Visit |
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$100 | CFDs, Forex, Indices, Commodities, Stocks, Crypto | MT4, MT5 | Visit |
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$100 | CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral | Visit |
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$0 | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) | MT4 | Visit |
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$0 | Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos | MT4, MT5, cTrader, TradingView, AutoChartist | Visit |
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$50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | ProTrader, MT4, MT5, TradingView, DupliTrade | Visit |
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$100 | CFDs, Forex, Stocks, Indices, Commodities, Futures | FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade | Visit |
#1 - AvaTrade
Why We Chose AvaTrade
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.
"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
- Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
- Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (Retail) 1:400 (Pro)
Pros
- Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools
- WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
- There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
Cons
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
- There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
- It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here
#2 - OANDA US
Why We Chose OANDA US
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
- DayTrading Review Team
- Instruments: Forex, Crypto
- Regulator: NFA, CFTC
- Platforms: OANDA Trade, MT4, TradingView, AutoChartist
- Minimum Deposit: $0
- Minimum Trade: 0.01 Lots
- Leverage: 1:50
Pros
- Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
- The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView
- Beginners can get started easily with $0 minimum initial deposit
Cons
- The range of day trading markets is limited to forex and cryptos only
- It's a shame that customer support is not available on weekends
- There's only a small range of payment methods available, with no e-wallets supported
#3 - Deriv.com
Why We Chose Deriv.com
Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.
"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "
- DayTrading Review Team
- Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
- Regulator: MFSA, LFSA, VFSC, BFSC
- Platforms: Deriv Trader, MT5
- Minimum Deposit: $5
- Minimum Trade: 0.01 Lots
- Leverage: 1:1000
Pros
- Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
- Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates
- The low $5 minimum initial deposit suits those on a lower budget
Cons
- There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
- There's no loyalty program or rebate scheme for high volume traders
- The range of 100+ assets trails some competitors such as Quotex which offers 400+
#4 - Pepperstone
Why We Chose Pepperstone
Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
- DayTrading Review Team
- Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
- Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
- Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
- Minimum Deposit: $0
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (Retail), 1:500 (Pro)
Pros
- Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.
- Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
Cons
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
- There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
#5 - XM
Why We Chose XM
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.
"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."
- DayTrading Review Team
- Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
- Regulator: ASIC, CySEC, DFSA, FSC, FSCA
- Platforms: MT4, MT5
- Minimum Deposit: $5
- Minimum Trade: 0.01 Lots
Pros
- XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
- Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools
- The broker offers premium research including market sentiment, fundamental insights and strategy builders
Cons
- PayPal deposits are not supported
- There's $5 inactivity fee after only 3 months, though this won't affect active traders
- There is weak regulatory oversight through the global entity
What Is An AUD Account?
A base currency establishes the currency in which your account is denominated. Brokers with AUD accounts simply hold your portfolio balance and trading capital in Australian Dollars. All profits and losses will be converted into the base currency selected at account registration.
Any fees will also be reflected in the Aussie Dollar. This could include inactivity charges, account maintenance fees, and commissions.
The Australian Dollar (AUD) is the currency of the Commonwealth of Australia, replacing the Australian Pound in 1966. Domestically represented by the Dollar sign ‘$’, global brokers may also show it as ‘A$’ or ‘$AU’.
The AUD is the fifth most-traded currency in the world, behind the USD, EUR, GBP and JPY. The country’s central bank, the Reserve Bank of Australia, is responsible for setting monetary policy and maintaining the financial stability of the currency.
Brokers with AUD accounts should offer the currency at the registration stage. International investors can select AUD as a trading currency – it is not available exclusively to Australian Residents.
With that said, most platforms with AUD accounts are based or regulated in Australia so tend to appeal to local traders.
Note, some brokers may not allow account currency changes once an account is opened.
Pros Of Brokers With AUD Accounts
- Conversions – an AUD account is ideal for investors actively using the currency for trading. Capital is not lost when converting profits and losses to and from different currencies
- Speed – currency conversion requirements can slow the fund transfer process. Opening an AUD account may prevent a delay in processing profits back to your local currency if you’re based in Australia
- Payments – AUD deposits and withdrawals via local bank transfers tend to be quick, taking no longer than 1 business day. Local transfer fees are also cheaper than international wire transfers
- Accessibility – AUD accounts are the most popular option at Australian brokers. This gives traders more choice and direct access to major financial markets, including forex, stocks and commodities
- Predictability – the Australian Dollar is heavily tied to commodities. FX traders that invest in precious metals, energies and softs, may have a good understanding of what influences the value of the Aussie Dollar. This can help traders understand when it may be a good time to take a position on forex pairs that include the AUD
How To Check A Broker Offers AUD Accounts
The accounts section on a broker’s website is a good place to start. Brokers with AUD accounts also typically indicate accepted currencies on the deposits and withdrawals page.
Alternatively, visit the broker’s terms and conditions or contact the customer support team. It could also be worth clarifying if there is the ability to amend base currencies once an account has been opened, including any associated fees.
Note, some brokers only allow Australian residents to register for an account in AUD, including AvaTrade and easyMarkets.
How To Compare Brokers With AUD Accounts
Below are some key considerations when comparing brokers with AUD accounts:
- Platform – does the broker offer a leading desktop and mobile trading platform like MetaTrader 4? Get to know the features and analysis tools that can be used to help execute trades
- Assets – available trading markets vary among brokers with AUD accounts. Retail clients wanting to build a diverse portfolio may want to look for AUD brokers offering stocks, forex, commodities and cryptos
- Customer support – the best brokers with AUD accounts offer easy-access to customer support. In fact, many top platforms now offer 24/7 assistance
- Regulation – brokers with AUD accounts are likely to be authorised by the Australian Securities and Investments Commission (ASIC). The regulatory body promotes high levels of customer protection and is widely regarded in the financial markets
- Additional tools – what extra features does the broker offer? This could include educational webinars, online help centres, trading tutorials, or tips from expert traders.
Always consider your strategy when deciding which broker offers the right trading environment for you.
Final Word On Brokers With AUD Accounts
Brokers with AUD accounts are suitable for investors from Australia as well as active forex traders. Many of the top platforms are licensed with the ASIC offering retail client protections.
Check out our table of the best brokers with AUD accounts to get started.
FAQ
What Are Brokers With An AUD Account?
Brokers with AUD accounts offer the Australian Dollar as the denominated currency. This means that any capital used to trade, applicable fees, margin calculations and account history, will be displayed in Aussie Dollars.
Can Anyone Sign-Up With Brokers That Offer AUD Accounts?
Usually, anyone can open an account with AUD as the base currency regardless of residency. With that said, some international brokers limit AUD accounts to Australian residents only.
Do Brokers With AUD Accounts Offer Bonuses?
Yes, the ASIC does not restrict financial incentives offered to retail clients. Many brokers offer traders a variety of loyalty enticements such as no deposit bonuses and welcome promos. Always check terms and conditions before opening a live trading account.
What Regulation Do Brokers With AUD Accounts Hold?
Most brokers with AUD accounts are regulated by the ASIC. Investors benefit from measures designed to protect retail traders, including a cap on leverage rates, segregated bank accounts and a legal channel should a platform behave inappropriately.
Who Are The Best Brokers With AUD Accounts?
You’ll need to compare all the features on offer to find a platform that suits your trading style and risk tolerance. Use our list of the top brokers with AUD accounts to get started. We’ve reviewed many of the leading providers, covering assets, fees, tools, regulation and more.