Pepperstone was the best currency broker based on:. View our forex broker guide matching forex trader experience levels to suitable forex brokers based on features and fees. View the best Australian based forex broker with an in-depth analysis of Pepperstone's Razor account components.
Learn about the components that combine to separate good forex brokers to the great ones for Australian traders. Used by mainly advanced Australian forex traders, this fx trading platform is commonly used by day-traders and for those using expert strategies. One of the key issues for Australian traders is the distance between the country and the trading hubs either in New York or London. Pepperstone has overcome this issue by adopting infrastructure that offers a direct fibre optic cable from their Sydney data-centre to New York.
This has minimised the latency for Australian forex traders which is why advanced traders who make split second decisions choose their ECN platform. To maximise server speeds Pepperstone partnered with Equinix which not only has one of the worlds best high-performance data-centre but at also less than 18 kilometres from Wall Street.
The results are razor thin spreads for all these fx brokers. There are two Pepperstone accounts. Their most popular account is the Razor trading forex online account providing direct access to selected deep liquidity pools. This is the true ECN currency trading environment that most experience Australian forex traders opt for. Overall, quotes come from up to 22 major banks and ECNs which allow during liquid periods spreads to be as low as 0.
PPI technology intelligently routes currency trading orders to detect liquidity hot-spots to ensure optimal pricing for Australian traders. This does not involve re-quoting but rather the traders just receives the improved price.
There are two types of accounts offered to an Australian forex trader. This includes the standard account which has no commissions or the Razor account which has the lowest spreads but commissions exist. You can learn more about these accounts on the Pepperstone account type page. There are no commissions on CFD trading and no dealing desk.
Pepperstone offers the maximum leverage level of In simplistic terms, Australian currency traders can therefore earn significantly more from their trades when the market moves in their favour or significant losses when it moves in the other. A real positive that Pepperstone provides Australian forex traders is negative balance protection. The Australian public company has an ABN Pepperstone is a relatively new Australian forex broker compared to some global players but in Australia has quickly gained a dominant market share.
They have a strong customer service team in Australia of individuals who actually trade themselves making them an excellent choice of intermediate to expert traders. This was acknowledged in when Investment trends survey of 15, Australian forex traders ranked Pepperstone number 1 in:. The customer service team in our dealings have been professional from the moment we opened an account. Their office is in Melbourne and they can be contacted over the phone, e-mail or live-chat 24 hours during weekdays when the markets are open.
As mentioned earlier, their team is highly competent but more towards intermediate and advanced forex trading Australia individuals. Those new to trading forex online in Australia may wish to consider a broker such as Easy Forex now called Easy Markets. The first deposit placed into a Pepperstone account when trading forex online will lead up to 10, Qantas points.
To achieve this, link a Qantas frequent flyers membership to the Pepperstone forex trading Australia account and then make the deposit. This only applies to the first deposit and further conditions apply. Australian forex traders receive further Qantas frequent flyer points on their ongoing trades. At the end of each month a forex traders total volume is calculated and credited as Qantas Points to eligible Qantas frequent flyer members.
Up to 10, points points can be awarded each month. These amounts can be increase during bonus periods communicated by Pepperstone. While other Australian forex brokers may offer superior joining offers, the lower spreads of Pepperstone and advanced technology make many conclude that overall they are the best forex broker in the long-term. There is no central trading location when currency trading with forex brokers both as market makers or through ECNs electronic communication networks buying and selling currency globally.
Forex accounts are offered by brokers to buy, sell and hold foreign currencies. The process for trading currency is to open a forex account, make a deposit and then trade currency pairings. With the use of leverage, currency fluctuations will lead to profits or losses. A forex trader refers to a retail currency trader who can trade most mainstream currency pairings through a forex broker. There are also institutional currency traders who make fewer but larger trades making huge impacts on currency markets.
A trade on the foreign exchange markets is the action of buying or selling a currency pairing. A trade through a broker can include CFDs including commodities, shares, indices and even bitcoin.
Forex signals is a trigger to trade a currency pairing at a specific price and often time-frame. A signal can bet forex robot or analyst generated leading a trade alert or an automated trade to be generated. This means they trade out of an Australian subsidiary and hold deposits within the country.
To make the figures relevant to Australian foreign exchange market conditions, other third-party sources were also used to collect data such as spreads and fees.
We also focus on cfd brokers such as Plus CFDs for those looking for more then just currency trading. Since the forex broker Australia comparison information on this site was created by real Australians and without assistance from the forex trading brokers the information should only be used as a guide.
This is because the information came from reviewing the providers websites and without automation. This means that human error may be present or that elements such as leverage rates or fees may change without warning. If you find any forex Australia elements that require changes please use the contact us form and state where the change s need to be made and in most circumstances these will be made promptly.
This will ensure the best broker can be found by users of the site. Australian Forex Brokers Comparison Table Australian forex brokers are an ideal match when trading forex online in Australia as: Payment Methods Reviews Promotional Bonus? What Forex Platform Is Best? Brokers By Experience Level View our forex broker guide matching forex trader experience levels to suitable forex brokers based on features and fees.
Best Australian Brokers View the best Australian based forex broker with an in-depth analysis of Pepperstone's Razor account components. What makes a great Forex Broker Review? Detachable next generation charting with level II pricing Automated options through the cTrader dedicated platform The ability to back-test and strategies or programs. This was acknowledged in when Investment trends survey of 15, Australian forex traders ranked Pepperstone number 1 in: Overall Client Satisfaction Customer Service Spreads Execution Speeds The customer service team in our dealings have been professional from the moment we opened an account.
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