Best Brokers With AUD Accounts 2025
Dig into our top brokers offering AUD accounts based on thorough tests, reducing conversion fees and optimizing the experience for traders dealing in Australian Dollars.

James Barra

Tobias Robinson
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5 Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.6 Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5 OANDA is a well-known company that excels in quick trade executions, low deposit necessities, and impressive charting and trading platform functions. The highly-regarded brand has over 25 years of expertise and is overseen by reliable authorities like the NFA/CFTC. It provides 24/7 support for traders and offers flexible contract sizes with automated trade executions. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.5 Videforex, started in 2017, is a platform that grants access to stock, index, crypto, forex, and commodities markets through binary options and CFDs. Its specialized platform, mobile app, and integrated copy trading are suitable for new and less frequent traders. By offering market analysis tools and hosting trading contests, Videforex helps to enhance your trading expertise.
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Broker Details Comparison
Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Accounts Comparison
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Broker Popularity
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Broker | Popularity |
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Interactive Brokers |
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FOREX.com |
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Dukascopy |
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Videforex |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR provides a cost-effective platform for traders by offering low fees, narrow spreads, and clear pricing.
- Interactive Brokers was named Best US Broker for 2025 by DayTrading.com for its dedication to US traders, ultra-low margin rates, and affordable global market access.
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
Cons
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- Numerous educational materials such as tutorials, webinars, and a comprehensive YouTube channel are available to assist you in learning about the financial markets.
- FOREX.com has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
- FOREX.com provides a selection of top trading platforms and additional features. These include Trading Central research, a SMART Signals pattern scanner, trading signals, and strategy builders.
Cons
- The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
- Demo accounts have a limited time duration of 90 days, which may not be sufficient for thoroughly testing trading strategies.
- FOREX.com's MT4 platform provides around 600 instruments for trading, which is considerably less than the 5,500+ options accessible on its other platforms.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
Cons
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
Why Trade With OANDA US?
OANDA is a reputable broker for US traders. It offers user-friendly tools for analysis and a simple sign-up process. It is very trustworthy due to heavy regulation.
Pros
- There's a robust selection of 68 currency pairs for committed forex traders focusing on short-term trades.
- Traders can experience quick and dependable order execution.
- You can start trading as a beginner with no minimum initial deposit required.
Cons
- Customer support is not accessible during weekends.
- Few payment options are available and e-wallets are not supported.
- The trading markets are limited to only forex and cryptocurrencies.
Why Trade With Videforex?
Videforex caters to traders who want a simple platform for predicting the trends of major financial markets through binary options. With a swift registration process and web-based platform, it's easy to get started.
Pros
- Videforex often hosts trading contests. These competitions offer both new and experienced traders a chance to practice and win cash prizes. Trades can be made from as low as ¢0.01.
- Videforex is a rare brokerage with 24/7 multilingual video support, offering extensive help for active traders.
- Traders have the opportunity to earn up to 98% payouts on over 100 assets through the broker's binary options. This offering is comparable to competitors such as IQCent.
Cons
- Our latest tests indicate that the client terminal requires upgrades due to occasional slow and unresponsive widgets, which may negatively affect the experience for traders.
- Videforex is not authorized by a reliable regulator. This means traders may not get important protections such as separate client accounts.
- The lack of educational resources is a significant disadvantage for new traders, as top trading platforms often provide useful content like blogs, videos, and live trading sessions.
Filters
Methodology
To determine the best brokers offering AUD-denominated accounts, we leveraged our robust database of global online brokers.
We identified platforms that allow clients to deposit, trade, and withdraw funds in Australian Dollars (AUD).
Our rankings are based on overall scores derived from a comprehensive analysis of 200+ metrics, including fees, platform usability, AUD support, and regulatory compliance, all backed-up by hands-on tests.
What Is an AUD Account?
An AUD account is a trading account where all transactions, profits, and losses are recorded in Australian Dollars.
This type of account is ideal for traders in Australia as it eliminates the need for currency conversion when funding or withdrawing in AUD.
However, less than 50% of brokers we’ve evaluated offer AUD accounts.
The key benefits of an AUD account are:
- Avoid Currency Conversion Costs: Depositing and withdrawing funds in AUD means no conversion fees, reducing costs for Australian traders.
- Hedging Against FX Volatility: An AUD account minimizes the impact of unfavorable AUD/USD or AUD/EUR fluctuations on your trading capital.
- Simplified Local Transactions: It enables seamless transactions with Australian banks, potentially making deposits and withdrawals faster and more affordable.
- Alignment with Local Investments: An AUD account suits those trading Australian-listed stocks, commodities, or assets linked to the Australian economy, like ASX equities or AUD-based forex pairs.
How Do I Open an AUD Account?
Opening an AUD trading account is a breeze. Follow these five steps:
- Choose a Broker: Select a broker that offers AUD as a base currency. Focus on fees, platform features, access to Australian and global markets, and local regulatory compliance (we recommend ASIC-regulated brokers for Aussie traders).
- Register an Account: Complete the broker’s sign-up process, including providing identification and proof of residency if required.
- Select AUD as Your Base Currency: During account setup, choose AUD as your preferred account currency.
- Fund Your Account: Deposit funds in AUD directly through bank transfers or popular payment methods with Aussie traders like PayID or BPAY for minimal fees and fast processing.
- Start Trading: Once funded, you can trade Australian and global markets while avoiding the friction of currency conversions.
For instance, below you can see where I opened an AUD account at IC Markets in a snap.

Configuring an AUD trading account at IC Markets
Should I Use an AUD Trading Account?
An AUD trading account is an excellent choice if the following apply to you:
- You Live in Australia: An AUD account aligns with your local currency, simplifying tax reporting and reducing banking costs.
- You Actively Trade Australian Assets: If your portfolio includes ASX-listed stocks, Australian ETFs, or AUD-denominated forex pairs, an AUD account can eliminate exchange rate costs and delays.
- You Want to Hedge Against AUD Volatility: For Australian traders earning and spending in AUD, this account minimizes the risk of losing value due to unfavorable exchange rate movements.
- You Prefer Local Payment Methods: From our investigations, Australian-based brokers offering AUD accounts often support local payment options like POLi Payments, making deposits and withdrawals fast and convenient.
What Are the Limitations of Opening an AUD Account?
- Expensive Access to USD-Assets: Trading US-based stocks or popular forex pairs like EUR/USD in an AUD account may involve higher spreads or require conversions.
- Exposure to AUD Weakness: If the AUD weakens against major currencies like USD, the value of your holdings may decline when converted.
- Fewer Global Broker Options: Although a growing number of brokers support AUD accounts, most international platforms we’ve tested focus on USD accounts or EUR accounts, limiting your choices somewhat.