Overall AUSFOREX is considered a trustworthy and safe broker. AUSFOREX has an overall rating of 7 out of 10 and is regulated by the FCA.
AUSFOREX at a Glance
| Broker's Name | Ausforex |
| 📍 Headquartered | London, United Kingdom |
| 📅 Year Founded | 2003 |
| ⚖️ Regulating Authorities | Financial Conduct Authority (FCA), Hong Kong Securities and Futures Commission (SFC), Cyprus Securities |
| 🌐 Countries not accepted for trade | Japan, Iran, Cuba, Sudan, Syria, Belgium, and North Korea |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $1 000/R14 700 USD |
| 💳 Deposit Options | Wire transfer, credit, or debit cards |
| 💳 Withdrawal Options | Wire transfer, credit, or debit cards |
| 💻 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📱 OS Compatibility | Mobile, Web |
| 📈 Tradable assets offered | Forex, Index, Crude Oil, Gold and Silver, and CFDs. Forex trading include |
| 👨💼 Languages supported on Website | English and Chinese |
| 👥 Customer Support Languages | English and Chinese |
| 📆 Customer Service Hours | 24 hours per day, seven days per week |
| 👉 Open a account | 👉 Click Here |
Min Deposit
USD 1,000
Regulators
FCA, SFC, CySEC, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Its headquarters relocated to the United Kingdom in 2015 to serve the global market better.
AUSFOREX Review – 19 Key Point Quick Overview
As one of the world’s leading online trading brokers, AUSFOREX offers online dealing services to private investors, institutions, banks, and brokerages.
AUSFOREX-Overview
According to research in South Africa, AUSFOREX is an online FX and CFD broker that was founded in 2003 in Australia. AUSFOREX was approved by the Australian Securities and Investments Commission (ASIC) in 2005. With the move to London, AUSFOREX also successfully obtained UK Financial Conduct Authority (FCA) regulation, supervision by the Hong Kong Securities and Futures Commission (SFC), and supervision by the Cyprus Securities and Exchange Commission (CySEC).
They specialize in Foreign Exchange (Forex) and Contracts for Difference (CFDs), and clients are given 24-hour access to the global financial markets through the MetaTrader4 and MetaTrader5 trading platforms.AUSFOREX is committed to the development of an exclusive trading platform, devoting considerable resources to constantly deliver system improvements.
Its dedicated and experienced staff comes from varied international financial backgrounds, with lots of expertise and knowledge at the service of clients and partners.
AUSFOREX maintains offices in London, Cyprus, Beijing, Shanghai, Malaysia, and Vancouver and does not offer services to clients located in Japan, Iran, Cuba, Sudan, Syria, Belgium, and North Korea.
AUSFOREX Safety or Security
One of the best means of determining the safety of a broker like AUSFOREX is to establish which regulating authorities are watchdogs over its actions.
AUSFOREX is now licensed by the following regulatory bodies:
The Financial Conduct Authority (FCA) EEA, Regulatory Number: 803268;
Hong Kong Securities and Futures Commission (SFC) Class III Licensing, Regulatory Number: BLU727;
Cyprus Securities and Exchange Commission (CySEC) supervision, supervision number: 350/17.
AUSFOREX has been authorized and regulated by the Australian Securities and Investments Commission (ASIC) since 2005 and strives to adhere to the regulations of the other authorities to the best of their abilities. This includes all client funds being held in fully segregated client trust accounts at East West Bank and ARMBUSINESSBANK. With client funds being kept separate from AUSFOREX’s company funds, it will not and cannot be used to pay back creditors if AUSFOREX were to go insolvent.
AUSFOREX Sign-Up Bonus
AusForex does not offer any of the above bonus opportunities but offers an IB referral program for when a trader refers a friend or family member to register a real account with the broker. In order to share the benefit, a trader needs to have someone sign up with his unique referral link. The trader may then receive commissions daily, based on the new customer’s trading activity.
Min Deposit
USD 1,000
Regulators
FCA, SFC, CySEC, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
AUSFOREX Accounts Types
A forex account at AUSFOREX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
In the case of AUSFOREX two account types, STP and ECN, are offered, both accessible through the popular MetaTrader4 platform. The ECN account offers lower spreads, but involves a commission of $10 per standard lot, while the STP account provides commission-free trading and comparatively high spreads.
Both the STP Account and ECN Account require a Minimum deposit of $1,000 USD and in reality, choosing an account comes down to weighing two choices:An account with above-average spreads but no commission fees, or an account with amazing spreads but higher-than-average commission charges.
Micro lots are available for trade on both account types and there are MAM and PAMM account options with this broker.AUSFOREX also offers a free 30-day demo account, an excellent way to practice, so consider opening one of these accounts if you’re not as experienced as you’d like to be.
| 🥇ECN Account | 🥈 STP Account |
| Minimum Deposit required: 1 000/R14 700 USD | Minimum Deposit required: 1 000/R14 700 USD |
| Maximum Leverage available: 1:400 | Maximum Leverage allowed: 1:400 |
| Spreads: 0.5 pips | Average Spreads: 2.0 pips |
| Commission: $10 per standard lot round-turn | Commission: None |
| Micro lots are available on both account and MAM and PAMM account options are also available. |
How to Open an AUSFOREX Account – Step-by-Step Guide
The AUSFOREX review process of opening a new account is fully digital, hassle-free, and fast. Similar to a bank, if you want to register a forex trading account with AUSFOREX for the first time, you will be required to go through a basic “know your customer” process.
This will allow AUSFOREX to make sure that your submitted personal details are correct and that the safety of your funds and your account details are ensured. After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.
To open a live AUSFOREX account you only need to follow three simple steps:
Step 1: Navigate to the demo account registration portal.
Click on the Demo account on the left-side
Step 2: Fill information in
Registration – fill in and submit the online account application form on the AUSFOREX website
Step 3: Provide the required information.
Provide identification and authentication of your identity documents
Fund and activate your trade account through one of the various means
AUSFOREX Trading Platforms
A forex trading platform is in essence the software provided by AUSFOREX to its clients to carry out their trades.A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.
The decision about which platform to choose will always depend on what a client would like to trade. AUSFOREX offers both MetaTrader4 and MetaTrader5.
MetaTrader4
The popular MetaTrader4 (MT4) platform is available for desktop, web, and mobile, is fully customizable and feature-rich, therefore preferred by most traders. You can trade directly from charts on MetaTrader4, and get one-click execution, hedging, and API trading.
MetaTrader5
MetaTrader5 is a multi-asset platform equipped with most of the advanced features of its predecessor, plus some more. Trading with AUSFOREX gives you the choice between the MetaTrader4 and MetaTrader5 platforms.
AUSFOREX Fees, Spreads, and Commissions
Aus forex offers variable spreads on the ECN account that start from 0.5 pips on EUR/USD.
Fees, spreads, and commissions are mentioned on the company spread list so that traders know what to expect when trading with Ausforex. These entail the following:
Aus forex offers variable spreads as an STP/ECN brokerage.
Spreads characteristically amount to around 2.0 pips on EUR/USD, which is quite high.
On the ECN account spread is significantly lower, about 0.5 pips on EUR/USD.
The ECN account, however, involves a commission of $10 round turn, so trading costs for this pair are around 1.5 pips per lot, the commission included.
AUSFOREX Deposit and Withdrawal
The minimum deposit for opening a trading account with AUSFOREX is $1000/R14 700, which is high. Clients of AUSFOREX can make deposits to and withdrawals from their accounts via credit or debit cards, (Visa, MasterCard, Maestro) and bank wire. Popular e-wallets such as Skrill and Neteller are not supported. Clients can deposit funds in GBP, EUR, USD, AUD, and SGD. For cards, the deposit time is listed as real-time.
For wire transfers, the website lists the deposit time as “five business days or so”.Withdrawals are available via the same methods as deposit: wire transfer and Visa/MasterCard and withdrawal fees for all card methods are listed as free. For wire transfers, fees may be charged by your bank and can range from $0-$30, even as high as $50, so this is something you have to check with your bank. Withdrawal via wire transfer usually takes 1-5 working days to reach your account, depending on the bank. The time frame for all cards is listed as real-time.
AUSFOREX Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss. Leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1.
Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.Margin is the amount of collateral to cover any credit risks that may arise during your trading operations.
It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
The maximum leverage rates at AUSFOREX are up to 1:400, which is considered average, yet many other FCA-regulated brokers offer similar or even higher leverage rates. The lowest leverage option is 1:50, meaning that you would be trading with fifty times the funds that you have sitting in your account. When creating an account, you can also choose 1:100, 1:200, 1:300, and finally 1:400 as your leverage options.
AUSFOREX Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading, currency trading, or FX trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Along with currency exchange markets, commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and investors’ preference for these financial derivatives is credited to their major role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.
Indices
Equity indices, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market, or they can represent a specific set of the largest companies in a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Apart from forex trading, long-term investing in gold and other precious metals is worldwide a popular way of portfolio risk management during times of inflation or economic or political uncertainty.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Such conditions can decrease or increase demand for consumer services related to these energies.
Since oil trading is a globalized, 24-hour market and its prices in constant motion, it is an ideal instrument for day traders who look for fast movements.
AUSFOREX offers trading on the most liquid and prestigious financial markets, including forex, equity indices, oil, gold and silver, and commodities.
AUSFOREX Customer Support
Potential traders need to make sure the broker company they choose will offer support whenever they may need it, in order to help customers easily find the exact answers to their questions and offer them the best user experience. In the case of AUSFOREX customer service for transactions and accounts is provided 24/7 and available in multiple languages. You can choose between Live Chat or email.
AUSFOREX Education
Before starting to trade, potential clients of AUSFOREX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. If AUSFPREX’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.
AUSFOREX offers a Learning Centre on its website where new traders can find trading examples, explanations on CFDs and trading examples for CFDs, information on order types, and a section devoted to common problems. A financial calendar and global news are also available.
AUSFOREX Research
To be able to trade with confidence and success, potential traders should do as much possible research about this kind of speculative trading before commencing, but also preceding every daring deal. This will ensure that they don’t lose money unnecessarily and on the other hand trade as profitably as possible.AUSFOREX offers market information, an economic calendar, and a global news section on its website.
AUSFOREX Awards
Although being an awarded company instills extra confidence in traders, AUSFOREX doesn’t mention any awards on its website.
AUSFOREX vs Etoro vs XM – A Comparison
| 🔎 Broker | 🥇AUSFOREX | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $1 000/R14 700 USD | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ❌ No | ☑️ Yes | ☑️ Yes |
| ➖ Min. Spread | 1.3 pips | 3 | 1 |
| ➕ Max. Leverage | 1:400 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
AUSFOREX Pros and Cons
| ✔️ Pros | ❌ Cons |
| 1. ASIC-regulatedl | 1. No Islamic accounts |
| 2. Various platforms and trading solutions | 2. Requires $10,000 for Core Pro account |
| 3. MT4 available | 3. Binary options trading limited to only 12 assets |
| 4. High leverage levels | |
| 5. Competitive spread | |
| 6. MT4 servers hosted by Equinix | |
| 7. Requires only $250 |
Conclusion
AUSFOREX can be summarily described as a worthwhile company for potential traders, as it offers trading in various currency pairs and CFDs on two great platforms. Its spreads are not the tightest in the forex industry and the initial deposit required is high.
There isn’t a large variety of funding choices, but popular methods are offered, and deposits and withdrawals are also free of fees. Processing times are also fast.
You might also like: Ausforex Account Types Overview
You might also like: Ausforex Demo Account – Step by Step
You might also like: Ausforex Fees and Spreads
You might also like: Ausforex Islamic Account Overview
You might also like: Ausforex Minimum Deposit
You might also like: Ausforex Sign-up Bonus
Min Deposit
USD 1,000
Regulators
FCA, SFC, CySEC, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Disclaimer
AUSFOREX warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
Before deciding to trade the products offered by AUSFOREX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
AUSFOREX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.
Therefore AUSFOREX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
What is AUSFOREX?
AUSFOREX is an online trading platform that provides access to forex, commodities, indices, and cryptocurrency markets. The platform offers both standard and ECN accounts, and clients can trade using MetaTrader 4 or MetaTrader 5.
Is AUSFOREX regulated?
Yes, AUSFOREX is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL) number 305539. This ensures that AUSFOREX operates with transparency, fairness, and accountability.
What is the minimum deposit to open an account with AUSFOREX?
The minimum deposit to open an account with AUSFOREX depends on the type of account you want to open. For a Standard account, the minimum deposit is $100, while for an ECN account, the minimum deposit is $2,000.
What payment methods are available for deposits and withdrawals?
AUSFOREX accepts a range of payment methods, including bank wire transfers, credit/debit cards, and various online payment systems such as Skrill, Neteller, and FasaPay. Withdrawals are typically processed within 24 hours, and there are no fees for deposits or withdrawals.
What kind of educational resources does AUSFOREX offer?
AUSFOREX provides a range of educational resources, including webinars, trading guides, and a glossary of forex trading terms. Clients can also access a demo account to practice trading in a risk-free environment. In addition, AUSFOREX offers a range of analysis tools, including daily market updates, technical analysis, and economic news.
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