Forex- AU Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
The URL of the site has all changed without being able to withdraw money, and now I can't even open it. It may have changed to a site called evolve. Not recommended.
In the rapidly evolving landscape of forex trading, forex-au emerges as a noteworthy player in the Australian market. This review synthesizes insights from various sources to provide a comprehensive overview of the broker's offerings, user experiences, and expert evaluations. Overall, forex-au is characterized by competitive trading conditions, a user-friendly platform, and robust regulatory compliance, making it an appealing choice for both novice and experienced traders.
Note: It is crucial to recognize that different entities may operate under the same brand name, which can affect user experiences and regulatory compliance. This review aims for fairness and accuracy by referencing multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 7 |
| Customer Service and Support | 8 |
| Trading Experience | 7 |
| Trustworthiness | 9 |
| User Experience | 8 |
We rate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.
Founded in the early 2000s, forex-au has established itself as a reputable forex broker catering to Australian traders. The broker primarily operates under the oversight of the Australian Securities and Investments Commission (ASIC), ensuring a high level of regulatory compliance. Forex-au offers a range of trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with advanced tools for market analysis and trade execution. The broker allows trading across various asset classes, including forex, commodities, and cryptocurrencies, making it a versatile choice for traders looking to diversify their portfolios.
Regulated Geographic Areas:
Forex-au is regulated by ASIC, which imposes stringent standards on brokers operating in Australia. This regulatory oversight ensures that forex-au adheres to high operational standards, providing traders with a sense of security regarding the protection of their funds.
Deposit/Withdrawal Currencies/Cryptocurrencies:
Forex-au supports multiple deposit and withdrawal methods, including bank transfers and credit cards. The broker accepts Australian dollars (AUD) for transactions, making it convenient for local traders. Additionally, forex-au has begun to embrace cryptocurrencies, allowing deposits and withdrawals in popular digital currencies.
Minimum Deposit:
The minimum deposit required to open an account with forex-au is competitive at AUD 100. This low entry barrier makes the broker accessible to novice traders who may not wish to commit large sums of money initially.
Bonuses/Promotions:
Forex-au occasionally offers promotional bonuses to attract new traders. However, the specifics of these promotions can vary, and it is advisable for traders to check the broker's website for the latest offers and terms.
Tradeable Asset Classes:
Forex-au provides access to a wide range of asset classes, including major and minor currency pairs, commodities, and cryptocurrencies. This diversity allows traders to implement various trading strategies and capitalize on market opportunities.
Costs (Spreads, Fees, Commissions):
The broker's trading costs are competitive, with spreads starting from 0.6 pips for major currency pairs. Forex-au does not charge inactivity fees, which is a significant advantage for traders who may not trade frequently. However, it is essential for traders to review the fee structure carefully, as commissions may apply depending on the account type.
Leverage:
Forex-au offers leverage of up to 30:1 for retail traders, in line with ASIC regulations. This leverage level allows traders to amplify their positions while managing risk effectively.
Allowed Trading Platforms:
Traders can access forex-au through various platforms, including MT4 and MT5. These platforms are known for their user-friendly interfaces and advanced charting capabilities, catering to both beginner and experienced traders.
Restricted Regions:
While forex-au primarily serves Australian residents, it may have restrictions on clients from certain countries due to regulatory requirements. Traders are encouraged to check the broker's website for specific details regarding region restrictions.
Available Customer Support Languages:
Forex-au provides customer support in English, ensuring that Australian traders can easily communicate their queries and concerns. The broker offers multiple support channels, including live chat and email, to assist traders promptly.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 7 |
| Customer Service and Support | 8 |
| Trading Experience | 7 |
| Trustworthiness | 9 |
| User Experience | 8 |
Account Conditions:
Forex-au offers a competitive range of account types, catering to different trading styles. The minimum deposit requirement of AUD 100 makes it accessible for beginners. The broker's lack of inactivity fees is also a notable advantage, allowing traders to maintain their accounts without penalty.
Tools and Resources:
While forex-au provides essential trading tools, including educational materials and market analysis, there is room for improvement in the depth of resources available to traders. Enhanced educational content could further assist novice traders in developing their skills.
Customer Service and Support:
Forex-au's customer support is well-rated, with users reporting quick response times and knowledgeable representatives. The availability of support in English ensures effective communication for Australian traders.
Trading Experience:
The trading experience with forex-au is generally positive, with competitive spreads and a reliable execution speed. However, some users have noted that the platform could benefit from additional features to enhance the overall trading experience.
Trustworthiness:
Forex-au is highly regarded for its regulatory compliance under ASIC, which adds a layer of trust for traders. The broker's commitment to transparency and the security of client funds further enhances its reputation.
User Experience:
Overall, users report a satisfactory experience with forex-au, citing its user-friendly platform and competitive trading conditions. However, some traders have expressed a desire for more advanced features to cater to their trading needs.
In conclusion, forex-au stands out as a solid choice for traders in Australia, offering a blend of competitive trading conditions, regulatory compliance, and user-friendly platforms. As with any broker, potential users should conduct their research and consider their trading needs before making a decision.
