AUSFOREX Account Type

　　AUSFOREX offers its clients two main types of trading accounts: the STP (Straight Through Processing) account and the ECN (Electronic Communication Network) account. Both accounts require a minimum deposit of $1,000 and provide access to the popular trading platforms MetaTrader 4 and MetaTrader 5.

STP Account

• Minimum Deposit: $1,000
• Maximum Leverage: 1:400
• Average Spreads: 2.0 pips
• Commission: None

ECN Account

• Minimum Deposit: $1,000
• Maximum Leverage: 1:400
• Spreads: 0.5 pips
• Commission: $10 per standard lot round-turn

　　Additionally, AUSFOREX offers an Islamic account option for Muslim traders adhering to Sharia law, which does not incur overnight fees.

AUSFOREX Broker Account Opening Process

　　To open an account with AUSFOREX, follow these steps:

• Registration:
• Visit the AUSFOREX website and fill in the online account application form.
• Provide Identification Documents:
• Submit necessary identification documents such as a passport or drivers license and proof of address (e.g., utility bill).
• Deposit Funds:
• Fund your account with a minimum of $1,000 via available methods like credit/debit cards or wire transfer.
• Account Activation:
• Your account will be activated within 24 hours after the verification of your documents and deposit.

　　Once your account is set up, you can start trading across various instruments, including Forex, commodities, and CFDs.