AusForex Account Types

AusForex offers a variety of account types tailored to meet the diverse needs of traders. The main account types include:

• STP Account (Straight Through Processing)
• Minimum Deposit: $1,000
• Maximum Leverage: 1:400
• Average Spreads: 2.0 pips
• Commission: None
• ECN Account (Electronic Communication Network)
• Minimum Deposit: $1,000
• Maximum Leverage: 1:400
• Spreads: 0.5 pips
• Commission: $10 per standard lot round-turn
• Islamic Account
• Designed for Muslim traders who follow Sharia law, this account is free from swap fees. Specific conditions may vary, and traders interested in this option must contact customer support for details.
• Demo Account
• Available for 30 days, allows traders to practice and test strategies in a risk-free environment using virtual funds.

AusForex Broker Account Opening Process

To open an account with AusForex, follow these simple steps:

• Registration
• Fill in and submit the online account application form available on the AusForex website.
• Provide Identification
• Submit required identification documents for verification, such as a passport or driver's license, along with proof of address (e.g., utility bill).
• Deposit Funds
• Fund your account with a minimum deposit of $1,000 using available payment methods, including credit/debit cards or wire transfers.
• Account Activation
• Your account will be activated within 24 hours after the verification process is complete, allowing you to start trading.

By following these steps, traders can easily set up their accounts and begin their trading journey with AusForex.