ASIC, CySEC, DFSA +2 more
Forex brokers wey offer AUD accounts
The Australian Dollar, wey dem dey call "Aussie Dollar," na di official currency of Australia and e dey high for foreign exchange market. Dem first introduce am for 1910 as Australian Pound and dem kon change am to Australian Dollar in 1966. Because of how people like am, many Forex brokers dey offer AUD currency pairs for trade, some sef allow people open accounts wey dey use Australian Dollars.
To open trading account wey dey use Australian Dollar fit help you well well, especially if you be Australian citizen or you dey always use the currency. If you dey use currency wey match with your everyday life, e go save you money for conversion fees. E fit still make am easy for you to manage your trading activities and financial transactions.
Make you remember say exchange rate fit change anyhow and market conditions fit also shake, e fit change how Australian Dollar value be. Na why e good for you to sabi as things dey go for economic world and make you ask people wey sabi about finance or check reliable source before you go make decision on top trade or investment.
As you take understand wetin you go gain and wetin you go consider if you open Australian Dollar trading account, you go fit make better choice based on your personal situation and financial goals.
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
Platforms
MT4, MT5
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSA St. V, FSCA
Platforms
MT4, MT5
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CMA, FSA Seychelles +1 more
Platforms
MT4, MT5
MT5Copy tradingHigh leverage
Regulations
FSA Labuan, FSC of BVI, VFSC
Platforms
MT5, Custom
MT4MT5cTraderCopy tradingHigh leveragePAMMSignals
Regulations
CySEC, FCA UK, FSC Mauritius +2 more
Platforms
MT4, MT5, cTrader +1 more
In Australia, dem dey use floating exchange rate system, wey mean say how the value of Australian dollar (AUD) be na based on how people wan use am for foreign exchange market. People dey call AUD commodity currency, because na change for commodity prices fit dey affect the value. Australia na big exporter of commodity like iron, natural gas wey dem do liquid, and agricultural products.
As for inflation, from 2014 go reach 2021, Australia inflation rates bin dey below or around 2%. But as COVID-19 pandemic happen and war break for Ukraine, inflation rate sharply increase from 2021 up till now, e reach 8% for 2023. Still make you sabi say because the country don put interest rates high and make dem put correct fiscal policies, inflation don dey settle now. Make you know say many big economies for the world sef don face similar things wey be inflation, or the one wey worse self. Australia economy sef don manage these wahala well well pass others.
As you dey put eye for how Australia economy dey stable, make you consider say to open account wey dey use Australian dollars fit be better choice. But e good make you think about the risks wey inflation and the fees wey dem go use convert currency fit carry come if you wan decide say you go open AUD FX trading account.