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

Brokers With AUD Accounts Comparison
Broker Minimum Deposit Instruments Platforms Visit
FOREX.com logo
$100 Forex, Spot Metals MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral Visit
Interactive Brokers logo
$0 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral Visit
OANDA US logo
$0 Forex, Crypto OANDA Trade, MT4, TradingView, AutoChartist Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 Visit
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Visit
Videforex logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto TradingView Visit
Sage FX logo
$10 Forex, indices, cryptos TradeLocker Visit
Revolut logo
$0 Stocks, Cryptos Own Visit
Binarium logo
$5 Forex, Stocks, Cryptos Own Visit
Kraken logo
$10 Cryptos AlgoTrader Visit
Gemini logo
$0 Cryptos ActiveTrader, AlgoTrader, TradingView Visit
RaceOption logo
$250 Binary Options, CFDs TradingView Visit
Coinmama logo
$30 Cryptos Own Visit
Zacks Trade logo
$2500 Stocks, ETFs, Cryptos, Options, Bonds Own Visit

#1 - FOREX.com

Why We Chose FOREX.com

Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • Instruments: Forex, Spot Metals
  • Regulator: NFA, CFTC
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
  • With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.

Cons

  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.

#2 - Interactive Brokers

Why We Chose Interactive Brokers

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

- DayTrading Review Team
  • Instruments: Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
  • Regulator: FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB
  • Platforms: Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: $100
  • Leverage: 1:50

Pros

  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.

Cons

  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.

#3 - 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
  • OANDA is a reliable, trustworthy and secure brand with authorization from tier-one regulators including the CFTC
  • There's a strong selection of 68 currency pairs for dedicated short-term forex traders

Cons

  • There's only a small range of payment methods available, with no e-wallets supported
  • 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

#4 - DNA Markets

Why We Chose DNA Markets

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities, Stocks, Crypto
  • Regulator: ASIC
  • Platforms: MT4, MT5
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

Pros

  • Low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees
  • Top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • Convenient account funding with 7 base currencies, a $100 deposit and a wide range of payment methods

Cons

  • Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
  • Despite access to MT4 and MT5, there is no proprietary trading app
  • The investment offering trails alternatives, especially in terms of stocks, cryptos and commodities

#5 - IG

Why We Chose IG

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
  • Regulator: FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
  • Platforms: Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:250 (Pro)

Pros

  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis

Cons

  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges

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

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:

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.