Forex becomes one of the favorite choices in trading. Many traders in various countries buy and sell currencies in forex market and try to gain profits from the trading. In Australia, many people are also interested in forex. Professionals and new traders are involved in the forex trading and that is why there are also many choices of australian forex brokers that can be found. For traders, choosing right broker becomes essential steps. It cannot be denied that features and services offered by the broker provide nice opportunity for brokers so they are able to gain benefits.
In this case, there are many choices of brokers that operate in Australia. For the forex broker, IC Markets become one of the best choices currently. IC Markets can provide some great benefits. In term of its instruments and assets, there are many choices so trading in currency pairs can give many variations to choose. Then, it has low spread and it starts from 0 pips. In order to help traders, some tools and assistances are provided. There are risk calculators that will be helpful to calculate and predict the potential risks. This can be useful especially for the new traders. There are also spread monitoring and other tools or resources to use.
Next, there is AMarkets. Traders who look for brokers with good safety, this can be one of the best choices. Its operation is licensed and regulated. FSA and FCA are two regulators that monitor the operation of the broker and these two are top-tiered regulators. Next, it provides access to have passive income by using its copy trading services. New traders who want to learn and gain profits can subscribe professional traders and copy their trades. Then, tools are provided to assist the trading activities.
FxPro becomes next choice. In term of regulators, even FxPro has more regulators than AMarkets. FCA and CySEC are some of them. There are also FSCA and SCB. Thus, safety does not become serious problems when you are trading with this broker. Then, it provides easy and fast access to open account so there will not be complicated process that will take time to get an account and start trading. As for the fees and commissions, traders can get benefits because they can be free of charge when they are depositing and withdrawing. Regarding fees and commissions, there can also be other opportunities and it can be checked in Traders Union for further information.
In addition, there is also SaxoBank brokerage. This is broker that can be choices especially for traders with huge source of funds because its minimum deposit is quite high for new traders to afford. The broker has started its operation since 1992. However, when it was established, it was with the name of Midas. Later on, it starts to use the name of SaxoBank. The saxotraderpro is regulated by FSA so its operation is quite safe for traders. Currently, its services are accessible in around 170 countries. Then, its services also got award in 2017 as the best platform for trading especially for the active traders. The award was given by ADVFN International Financial Awards.
