Number of new users
--
The proportion of funding
6 months
The minimum deposit required to open a real trading account with Ausforex is $1,000. This amount is relatively high compared to many other forex brokers, which can make it less accessible for beginner traders or those with smaller capital.
Ausforex primarily offers two types of accounts: the STP (Straight Through Processing) account and the ECN (Electronic Communication Network) account. Both account types require a minimum deposit of $1,000. This uniformity means that traders must consider their trading style and preferences rather than the deposit amount when choosing between account types.
Access to Advanced Trading Features: A higher minimum deposit allows traders access to advanced trading tools and features that may not be available with lower deposit accounts.
Potential for Higher Leverage: With a minimum deposit of $1,000, traders can access higher leverage options, potentially increasing their trading capacity.
Segregated Accounts: Funds are held in segregated accounts, providing an additional layer of security for traders' capital.
Professional Trading Environment: A higher minimum deposit often indicates a more serious trading environment, attracting experienced traders and fostering a professional community.
Variety of Trading Instruments: Traders can access a wide range of instruments, including forex, indices, commodities, and CFDs.
High Barrier to Entry: The $1,000 minimum deposit may deter novice traders or those with limited funds from participating in the forex market.
Less Flexibility for Smaller Traders: Smaller traders may find it difficult to allocate such a significant amount of capital, limiting their trading options.
Potential for Increased Risk: Higher deposits can lead to larger losses if trades do not perform well, increasing the financial risk for traders.
While the minimum deposit remains consistent across regions, traders should be aware of local regulations and currency exchange rates that may impact their effective deposit amount.
Compared to other forex brokers, Ausforex's minimum deposit of $1,000 is on the higher end. For instance, many brokers like FXOpen allow for deposits as low as $1, while others like AxiTrader require only $200. This comparison highlights that Ausforex may be more suited for traders who are serious about their trading endeavors and have sufficient capital.
Ausforex offers several deposit methods to facilitate funding for trading accounts. These include:
Ausforex accepts deposits in several currencies, including USD, EUR, GBP, AUD, and SGD. Traders should ensure they deposit in the same currency as their account to avoid currency conversion fees.
For speed and convenience, credit/debit cards are recommended due to their real-time processing. However, for larger deposits, bank transfers may be more suitable despite the longer processing time.
If Ausforex provides a mobile app, the deposit steps are generally similar:
Once a deposit is completed, funds are typically credited to the trading account:
This comprehensive guide provides all the essential information regarding the Ausforex deposit process, ensuring that traders are well-informed and prepared to fund their accounts efficiently.
Compare broker deposits: low/no minimums, forex no-deposit bonuses. Start trading with minimal funds.