AUD/USD Forex Brokers

Written by Zornitsa Stefanova
Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.
, | Updated: May 14, 2024

The following top list of reputable brokers covers a range of brokers that enable forex enthusiasts to trade the AUD/USD currency pair with a low spread.

1Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money
2FP Markets
Rating: 4.8 ⭐
73.85% of retail CFD accounts lose money
3IG
Rating: 4.1 ⭐
70% of retail client accounts lose money
4Pepperstone
Rating: 4.5 ⭐
75.5% of retail investor accounts lose money
5Saxo Bank
Rating: 3.7 ⭐
65% of retail investor accounts lose money
6eToro
Rating: 4.2 ⭐
51% of retail investor accounts lose money
7XTB
Rating: 3.7 ⭐
80% of retail investor accounts lose money
8AvaTrade
Rating: 4.5 ⭐
76% of retail investor accounts lose money
9Global Prime
Rating: 4.1 ⭐
74-89% of retail CFD accounts lose money
10Libertex
Rating: 4.0 ⭐
74.91% of retail investor accounts lose money

Top 10 brokers offering the lowest spread for AUD/USD

  1. Fusion Markets is a broker that has been offering its services to traders since 2017, and it is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

    The minimum spread at Fusion Markets is dependent on one’s account type, with Classic users being able to enjoy spreads that start at 0.9 pips. The spread for AUD/USD can go as low as 0 pips for those with a Zero account, however, while the average for this account type is listed at 0.04 pips.

    If you are eager to begin your trading journey with Fusion Markets, know that the registration process will not be cumbersome, and you will be given deposit methods like Visa, PayPal, Skrill, and other options to pick from when you go to top up your account.

    Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
  2. Dozens of currencies are available to FPMarkets clients, and an individual may also choose to trade shares, metals, commodities, ETFs, and other financial instruments if they make the decision to create an account at FPMarkets. At FP Markets, the spreads for standard accounts start at 1.0 pips, and the average for AUD/USD appears to be 1.3 pips. These low spreads are among the many factors that have resulted in the broker’s Trustpilot score standing at an almost perfect 4.8.

    It should also be stressed that FPMarkets is suitable for both veteran traders and those new to the forex market. User-friendly platforms like MT4 and cTrader are among the available options, and the content centered around education encompasses webinars, podcasts, a range of courses in video form, and more.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.23% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  3. 3. IG

    IG is a well-established name in the world of forex, and its roots date all the way back to 1974. Licensed by the financial regulators of the UK, Germany, Australia, Cyprus, and Switzerland, to name a few, IG is a broker that performs well when it comes to the user experience. IG’s market selection is excellent, as are its security measures, and the broker supports both MT4 and its own platform.

     

    The spread of the AUD/USD pair tends to average at under 1.0 pips, often falling to 0.6 pips. Thus, traders who are planning on AUD/USD with low spreads will definitely find IG to be a suitable option.

    CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
  4. If you are looking to trade currencies or try out other financial instruments, Pepperstone is an excellent option to consider. The broker’s spreads are generally quite low, with the minimum retail spread of AUD/USD being listed as 1.00 pip, while the average is usually 1.20 pips.

    As the broker is licensed by the Cyprus Securities and Exchange Commission, Britain’s Financial Conduct Authority, and other strict regulators, the maximum leverage that non-professionals can utilize at Pepperstone is 30:1. Between its various licenses, selection of markets, the option to utilize fantastic platforms like MT5 and more, many traders have decided to make Pepperstone their broker of choice, and this is reflected in its excellent 4.6 score on the review platform Trustpilot.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  5. Established in 1992, Saxo Bank is among the most reputable online brokers in the international forex market. Its low spreads are just one of the broker’s many perks, and the minimum spread when it comes to AUD/USD is 0.7 pips for retail clients, which is almost identical to the minimums spread for individuals using Saxo Bank’s Platinum and VIP accounts (0.6 pips).

    Saxo Bank is one of the pioneers when it comes to online trading platforms, and, to this day, the only software available at Saxo Bank is the broker’s own proprietary platform. While this might be an issue for those used to popular options like MT5 and others, it should be noted that Saxo Bank’s platform does not take long to get used to for experienced traders and is generally considered to be excellent. Of course, it is also suitable for traders on the go, given the app that is compatible with both Android and iOS devices.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
  6. Popular among traders the world over, eToro is a broker that has earned a 4.2 score at Trustpilot and that adheres to the rules of the UK’s Financial Conduct Authority, ASIC, and more. Its spreads are considered to be relatively low by many, and the broker lists the AUD/USD pair’s spread in particular to start at 1 pip.

    The broker’s help center includes a wealth of information on practically anything one would need as an eToro user, but if you find that you might need further assistance, you can get in touch with the broker’s support staff at any time during weekdays.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
  7. 7. XTB

    Established in 2002, XTB has been providing services to forex traders for over two decades. It is known for having tight spreads, and the ones tied to AUD/USD are particularly low. At the time of writing, the minimum AUD/USD spread at XTB stands at 0.00015 pips.

    XTB’s situation in terms of platforms is a bit unique in the modern forex market, seeing as the broker only offers its own in-house developed platform dubbed xStation 5. A mobile version named xStation is also available. If you are a retail trader, do note that you are eligible for negative balance protection due to XTB’s licensing.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  8. AvaTrade is a broker that opened its virtual doors in 2006 and is a trusted name among forex traders. In terms of regulation, AvaTrade performs with flying colors: entities like the Central Bank of Ireland, the Polish Supervisory Authority, and ASIC, among others, have granted AvaTrade a license.

    If you are looking for variety when it comes to financial instruments, AvaTrade will be an excellent option as it offers a range of currency pairs, ETFs, and much more. AvaTrade’s spreads tend to be low, and the spread for AUD/USD is listed as 1.1 pips for retail clients and 0.8 for Pro users.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  9. Global Prime gives its users the opportunity to use whichever platform they are most comfortable with, with choices including MT4, MT5, cTrader, and TradingView. Its selection of pairs includes both majors and minors, and AUD/USD is included.

    The broker has a good Trustpilot score of 4.3, with most positive feedback written by users being centered around users’ positive experiences with Global Prime’s customer support, trading conditions, and low spreads. Indeed, Global Prime’s spreads tend to be competitive. The minimum spread for standard accounts has been set at 0.9 pips, but users who go with the broker’s Raw account option can enjoy spreads starting at zero.

    Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
  10. Libertex operates under the regulatory oversight of the Cyprus Securities and Exchange Commission, one of the most trusted and reputable financial supervisory bodies in the forex sphere.

    This broker’s catalog encompasses a wide range of financial instruments, including currency pairs like EUR/USD, EUR/JPY, USD/CAD, GBP/NZD, and AUD/USD, to name a few. Traders can also rest assured that the spreads offered by Libertex tend to be low, with the average spread for AUD/USD in particular being 0.1 pips.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

About the AUD/USD Currency Pair

AUD/USD is the currency pair involving the Australian dollar and the US dollar, where the former is the base currency. It essentially shows us how many US dollars are needed to purchase one Australian dollar. Many refer to AUD/USD as the “Aussie,” and it is a major currency pair that is among the most popular ones when it comes to forex trading. It is, therefore, practically impossible to run across a forex broker that has not included AUD/USD in its selection of markets. Of course, this also gives aspiring Aussie traders plenty of brokers to pick from, and the ones we have listed above tend to offer the lowest spreads for this pair.

The AUD/USD can be influenced by a range of factors, and this includes economic indicators such as inflation and the Bank of Australia raising interest rates. Commodity prices, in particular, can be especially influential. This can be attributed to Australia’s top exports being raw materials.

What is spread in Forex trading?

Each currency pair has two prices: the bid price and the ask price. The former is the price of selling the currency, while the latter dictates how much is needed to buy it. The difference between the two is the spread, and it is generally preferred for it to be as low as possible, as it makes it easier for traders to make a profit.

What is the lowest spread for AUD/USD

Technically, the AUD/USD pair can have a zero spread if one has chosen to go with a zero-spread account at their broker of choice. In general, however, the spread will be dependent on the broker, especially for retail traders. At IG, for example, the minimum spread for this pair is 0.6 pips. In contrast, the minimum AUD/USD spread in XTB is listed as 0.00015.

How long are AUD/USD markets open?

As is the case with all other forex pairs, you can trade AUD/USD at almost any time. The forex market is open 24 hours a day, after all, but only during weekdays. Of course, there are times that are busier, and for AUD/USD, this tends to be between 19:00 and 04:00 GMT.

We should also stress that the exact time the forex market opens and closes is also reliant on where one resides. If you are in Australia, for instance, you will not be able to trade forex until the clock hits 7 am AEST on Mondays.

Trading AUD/USD with a Leverage

Leveraged trading is practically synonymous with forex, and it is a crucial aspect of the foreign exchange market in general. It makes it possible for AUD/USD traders to control large positions by borrowing money from their broker. It also gives traders the opportunity to meet the typical 100,000 lot size requirement without much difficulty.

Leverage has the potential to amplify one’s profits, but it also makes trading risky as the potential losses also grow with the leverage one utilizes. Margin calls, which happen when the trader’s margin falls below the requirement mandated by the broker, are also a potential risk. If a position is margin called, the trader needs to deposit money to cover the margin requirement, or the position might be closed automatically. Of course, one can close the position themselves.

All in all, AUD/USD traders should carefully consider what leverage they are comfortable using and take care to not fall victim to using excessive leverage, since the consequences can be major.


You might also be interested in exploring these top forex brokers: