| Headquarters: | Seychelles: office 10, floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles Cyprus: office 102, 13/15 Grigori Afxentiou, 4003, Limassol, Cyprus |
| Foundation Year: | 2012 |
| Country: | Seychelles |
| Email: | support@justmarkets.com |
| Trade Platform: | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
| Acc Funding Methods: | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
| Max: Leverage: | 1:3000* |
| Min. Deposit: | 1 |
| Base Currencies: | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
| Min. Spreads: | 0.2 pips |
Currency trading in Australia exposes the trader to one of the largest financial markets in the country. With a majority of the trading activity occurring in Sydney, it is the most active forex region in the continent. Opening a currency trading account in the region is a simple task, as all major brokers offer currency trading Australia accounts.
Currency Trading Australia: Regulatory Bodies
Currency trading in Australia is regulated according to the investment laws of the country. Australian Financial Services (AFS) is the main authority that regulates activities in the forex market. It oversees inflow and outflow of money from different sources, regulates forex brokers operating in the region, and sets up guidelines for creating an ideal currency trading environment.
The Australian Securities and Investment Commission and the Reserve Bank of Australia also have the power to supervise currency trading in the country.
Currency Trading Australia Session
Currency trading in Australia is a part of the larger Asia-Pacific session, which accounts for more than 20% of the total trading volume. Australia’s stronghold in the region is due to its developed economy, largely stable currency value, and a large community of online forex traders. News related to the AUD (Australian dollar) has a huge impact on trading in the Asia Pacific session.
However, due to the large geographical region, the Australian dollar has to face competition from the other Asian currencies. The volume of trading activity from Japan usually governs the Asia-Pacific session. Thus, the impact of the AUD on market trends is subdued in the presence of the Japanese yen (JPY). The USD/JPY takes the major portion of the trade, followed by crosses such as EUR/JPY and AUD/JPY.
Liquidity is usually not a problem with currency trading in Australia. However, AUD pairing with non-conventional currencies can result in erratic price movement.
Right broker is one of the most important consideration
Due to the regulation many brokers don’t offer and some of can’t provide trading service in Australia. So before choosing a broker make sure they are regulated to provide service in Australia.
It’s your initial step of start trading. While selecting a broker be aware of scam. Most of fraud brokers are new and accept very fast deposit and don’t offer easy withdrawal.
Another important thing is to understanding about high spread and low spread broker.