Best Brokers For AUD/USD Trading
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Compare FX Brokers For AUD/USD Trading
The AUD to USD major currency pair may not be the most popular currency cross to trade, however its popularity has surged in recent years and is now widely traded across the globe.
Known simply as “the Aussie“, the AUD/USD has become particularly popular due to Australia’s booming commodities sector and the US’ obvious economic strength. But which AUD/USD broker should you use?
This page will educate you on everything you need to know about the AUD/USD pair – its history, why people trade it, how you can get started and which AUD/USD brokers we recommend.[/vc_column_text][vc_empty_space height=”50px”][vc_column_text]
Recommended AUD/USD Broker
If you are looking to trade AUD/USD, we would recommend using TD365.com’s trading platform.
TD365 are a low-cost broker, offering tight fixed spreads all day long. Their spread on AUD/USD is just 0.6 pips and that remains fixed 24/5, even during times of extreme volatility.
This AUD/USD spread, and all others on their platform, represent excellent value for trading. This is particularly important when the markets are volatile and most other brokers widen their spreads, making a profitable trade harder to achieve.
TD365 summary;
- Low & fixed spreads 24hrs a day and 5 days a week.
- Leverage of 200:1 (or 30:1 through their ASIC licence).
- Al Brooks Price Action Course – FREE when signing up!
- Negative Balance Protection (what is this?)
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Start Trading the AUD/USD Currency Pair
In recent years, the Australian currency (AUD) has become increasingly popular amongst traders around the world.
The Aussie dollar is often considered a currency that has a high level or predictability about it. This opens itself to many trading opportunities and the potential for good profit, with relatively small risk.
To begin trading the AUD/USD forex cross, you will need to open an account with an FX broker. A forex broker will give you full access to the global financial markets.
Above, we listed our preferred FX broker (TD365.com), simply because of their low AUD/USD spread (0.6 pips) and the fact it is fixed all day long. However, we have also listed some alternative FX brokers below.
When trading the AUD/USD, always consider the following;
- Leverage: how much leverage can you access?
- Is your FX broker reputable and regulated?
- How much does your broker charge to trade AUD/USD?
- Have you utilised the benefits of stop losses and other risk management tools?
- Does your broker offer negative balance protection?
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Leading AUD/USD Brokers To Trade With:
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AUD/USD
Brokers
Who are they?
Trading Platform/s
Tier-1 Regulated?
Segregated Bank Accounts?
AUD/USD Spread
EUR/USD Spread
USD/JPY Spread
Max. Leverage
Spread Type
MT4?
Next Steps
Low-Cost FX Broker
CloudTrade, MT4
0.6 pips (Fixed)
0.6 pips (Fixed)
0.7 pips Fixed)
200:1
Fixed
Leading FX Broker
Advantage Web, MT4
From 0.5 pips
From 0.5 pips
From 0.5 pips
30:1
Variable
Fast-Growing FX Broker
cTrader & MT4
From 0.14 pips
From 0.13 pips
From 0.16 pips
30:1
Variable
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Why Trade The AUD/USD Pair?
Let’s face it – there are many currency pairs to choose from, so why trade this particular currency pair?
Volatility
There is a high interest rate differential between the US and Australia, and this means traders can benefit from high levels of volume and volatility. This typically creates more trading opportunities to turn a profit.
Performance
In the past few years, the Australian dollar has been the best performing major currency of them all. Against the USD, it has seen a 30% increase, alone!
Stability
The Australian economy has not had a recession in over 30 years, whereas most other economies have suffered several economic downturns. This says it all about the strength of the Australian economy and the AUD.
GDP
Australia’s GDP is constantly on the rise – making it a powerhouse economy and an attractive proposition.
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What Is The “AUD/USD”?
The first listed currency, AUD, is known as the base currency and the second currency, USD, is known as the quote currency.
Put simply, this exchange rate tells you how many US dollars (the quote currency) are required to purchase $1 Australian dollar (the base currency).
The AUD/USD forex pair is today the 4th most actively-traded currency pair in the world. This pair typically amounts to around 7% of the global forex market turnover, which equates to billions of dollars traded each day.[/vc_column_text][vc_empty_space height=”40px”][vc_column_text]
Fundamental Factors That Affect AUD/USD
There are a wide range of factors that may affect the pricing of the AUD/USD currency pair:
Political and Policy
Such as the US presidential elections in recent years – these tend to have a major impact on currencies. Also, new policies, natural disasters, terrorist attacks and war can all lead to vast fluctuations for the AUD/USD.
Inflationary
High commodity prices create pressure on developed regions. Australia is a commodity-based country and when commodities are highly sought after, this can strengthen the value of the Aussie dollar.
Interest Rates
Rate decisions made by both the Fed and the RBA will impact the AUD/USD rate. As an example, the Australian economy is currently performing well, so the Australian dollar will continue to increase in value.
Government Policy
Monetary policies can also heavily influence a nation’s currency.
Economic Data
Price movement can often occur around the release of key economic data. Think GDP, trade balance, retail sales and inflation – all of these can create movement in the AUD/USD currency pair.[/vc_column_text][/vc_column][/vc_row]
