For Australian residents, forex trading via CFDs is one of the best options available for passive trading. Traders can choose a high-yield strategy or a low-risk one. Regardless of your preference, forex avatrade Australia offers a range of tools for both novice and experienced traders. It also offers the Copy Trading tool that allows you to mirror the position of an experienced forex trader. For example, if you invest $1,000 into an experienced forex trader, you’ll be able to replicate 10% of their profit.
Forex avatrade australia offers a large number of trading pairs and a variety of financial instruments. Its trading platforms offer trading in major and minor currencies. Additionally, traders can explore exotic currency pairs. AvaTrade is a regulated broker and offers leverage of up to 1:30 on major currencies and 1:20 on minor and exotic currencies.
Avatrade has a solid track record and a high trust rating. It also offers negative balance protection and segregates funds in top-tier Australian banks. This broker has won numerous awards and accolades in the industry. If you want to trade in specialty instruments, Avatrade Australia is a good choice.
For Australian residents, Avatrade offers a free live trading account with a minimum deposit of 100 AUD. You can fund your account through Skrill, Webmoney, Neteller, or ETF, and withdrawals take just one to two business days. The company provides round-the-clock customer support, and a large library of educational videos and tools.
ASIC regulates financial providers in Australia. Brokers regulated by ASIC display their license number on their website to let investors know they are approved to operate in Australia. ASIC also monitors their activities to protect Australian investors. This ensures that the trading platform you choose is legitimate. When choosing a forex broker, make sure to check out ASIC’s reputation.
Avatrade has a robust blog covering daily market movements and offers regular market commentary. It also has a comprehensive Economic Calendar, which offers a wide range of fundamental data. This allows you to gauge historical trends and volatility. You can even click on the “impact” button to find out how a particular event will affect the market. However, you need to sign up for premium content if you want to access these features.
While there are other important currencies to watch, AUDUSD is one of the most popular in the forex market. This currency pair is valued at about $1.30. Its value is inversely correlated to the US dollar, and is a good choice for investors who want to diversify their portfolio.