Any UK brokers with AUD account? | Forex Factory

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Any UK brokers with AUD account?

  • #1
  • First Post: Aug 28, 2015 12:49am Aug 28, 2015 12:49am
hello folks,

I would like to open a few accounts with UK brokers with an AUD account.

no need to exchange AU dollars into other currencies while depositing and withdrawing.
your money is safer because of the 50k pound guarantee.

thank you for your help.
  • #2
  • Aug 28, 2015 12:58am Aug 28, 2015 12:58am
If I am not mistaken, FXCM UK has AUD account.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Aug 28, 2015 2:12am Aug 28, 2015 2:12am
thank you FF, I will have a look.....
  • #4
  • Aug 28, 2015 2:41am Aug 28, 2015 2:41am
Certainly Axitrader UK as well...
  • #5
  • Aug 28, 2015 4:39am Aug 28, 2015 4:39am
thanks CX, I`ll have a look and appreciate your response.....
  • #6
  • Aug 28, 2015 5:20pm Aug 28, 2015 5:20pm
Quoting yonnie
hello folks, I would like to open a few accounts with UK brokers with an AUD account. no need to exchange AU dollars into other currencies while depositing and withdrawing. your money is safer because of the 50k pound guarantee. thank you for your help.
Hi Yonnie,

I notice your forum profile mentions that you live in New Zealand. You may be interested to know that FXCM's UK-regulated entity offers an NZD account.
  • #7
  • Aug 28, 2015 6:55pm Aug 28, 2015 6:55pm
Quoting yonnie
hello folks, I would like to open a few accounts with UK brokers with an AUD account. no need to exchange AU dollars into other currencies while depositing and withdrawing. your money is safer because of the 50k pound guarantee. thank you for your help.
Hi, I'm in nz and going to be opening fxcm uk account shortly
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8
  • Edited 7:04pm Aug 29, 2015 5:53pm | Edited 7:04pm
Quoting Jason Rogers
{quote} Hi Yonnie, I notice your forum profile mentions that you live in New Zealand. You may be interested to know that FXCM's UK-regulated entity offers an NZD account.
having lived in Oz as well, I still have my main investments there so I really need an AUD account.

will my deposit go into an AUD bank account at your bank OR
is it just a base account with FXCM and your bank changing AUD to GBP and charging me a fee?

what is the leverage in the UK account?
hedging allowed?
  • #9
  • Aug 29, 2015 9:19pm Aug 29, 2015 9:19pm
Quoting yonnie
hello folks, I would like to open a few accounts with UK brokers with an AUD account. no need to exchange AU dollars into other currencies while depositing and withdrawing. your money is safer because of the 50k pound guarantee. thank you for your help.
money seems pretty safe in oz too with the likes of pepperstone ( segregated trust account) ?
Never said I was Batman,all I'm saying is you'll never see us together.
  • #10
  • Aug 30, 2015 4:47am Aug 30, 2015 4:47am
hello headfake,

actually I do have an account with Pepperstone.
good spread and reasonable swap.

I know the money is in a segregated account, but there is nothing stopping them from taking the money out and take off to the beach in Florida. say goodbye to your money - no redress from the Oz government.

thats why I`m keen to open a couple of UK accounts with a government guarantee.

but also with high leverage (less money with the broker for margin) and reasonable swap.
I think the leverage at FXCM is quite low.
  • #11
  • Aug 30, 2015 5:40am Aug 30, 2015 5:40am
Quoting yonnie
hello headfake, actually I do have an account with Pepperstone. good spread and reasonable swap. I know the money is in a segregated account, but there is nothing stopping them from taking the money out and take off to the beach in Florida. say goodbye to your money - no redress from the Oz government. thats why I`m keen to open a couple of UK accounts with a government guarantee. but also with high leverage (less money with the broker for margin) and reasonable swap. I think the leverage at FXCM is quite low.
Makes sense, let us know who you go with.
Never said I was Batman,all I'm saying is you'll never see us together.
  • #12
  • Aug 30, 2015 5:26pm Aug 30, 2015 5:26pm
Quoting yonnie
hello folks, I would like to open a few accounts with UK brokers with an AUD account. no need to exchange AU dollars into other currencies while depositing and withdrawing. your money is safer because of the 50k pound guarantee. thank you for your help.
That's if the bank fails not the broker.
  • #13
  • Aug 30, 2015 6:12pm Aug 30, 2015 6:12pm
hello lasty,

that`s not how I understand it.

if your UK broker is registered and regulated by the FSA, FCA etc. in the UK and it goes under, the UK government will guarantee your account up to 50,000 GBP with that broker.

anybody care to comment?
  • #14
  • Aug 30, 2015 10:35pm Aug 30, 2015 10:35pm
you are correct Yonnie on the 50K guarantee which is what is happening to Liquid markets. They have a shortfall in their account to cover their clients balances.
I was looking at similar UK broker with AUD.
Another one that I found out that has AUD is atom8.
Let me know who you decide.
  • #15
  • Aug 31, 2015 2:14am Aug 31, 2015 2:14am
Quoting lasty
{quote} That's if the bank fails not the broker.
hello lasty,

I`ve looked in this a bit more.

FSCS says that once a broker is regulated by FCA, it is also a member of the Financial Services Compensation Scheme (FSCS) and a trader would be covered for up to 50k GBP.

if you have a different view, please elaborate here.
  • #16
  • Aug 31, 2015 2:16am Aug 31, 2015 2:16am
Quoting ChanhXanh
Certainly Axitrader UK as well...
unfortunately Axitrader UK does not accept kiwi or ozzie traders.....
they have to sign up with Axitrader AU.
  • #17
  • Aug 31, 2015 2:27am Aug 31, 2015 2:27am
so far I have the following UK brokers with an AUD account:


atom8 100:1 to max. 300:1, over the weekend down to 30:1
FOREX.com UK 400:1 - no hedging
FXCM 50:1 no hedging
hantec markets 500:1
London Fx 100:1
Plus500 UK 200:1 no hedging
Sucden Financial 200:1
Swissquote 500:1

any comments about these brokers or any other broker most welcome
  • #18
  • Sep 1, 2015 4:31am Sep 1, 2015 4:31am
Atom8 has AUD accounts and offers weekend leverage up to 200:1. Weekend does not drop to 30:1.
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  • #19
  • Sep 2, 2015 6:48am Sep 2, 2015 6:48am
I`ve looked into Atom8 again and I cant see the 200:1 you mention for the weekend.

all I see is 100:1 account drops to 30:1 in the weekend and the other leverages are all relative.
so 200:1 drops down to 60:1 and 300:1 down to 90:1.
  • #20
  • Sep 2, 2015 6:20pm Sep 2, 2015 6:20pm
Quoting yonnie
hello folks, I would like to open a few accounts with UK brokers with an AUD account. no need to exchange AU dollars into other currencies while depositing and withdrawing. your money is safer because of the 50k pound guarantee. thank you for your help.
Quoting Jason Rogers
{quote} Hi Yonnie, I notice your forum profile mentions that you live in New Zealand. You may be interested to know that FXCM's UK-regulated entity offers an NZD account.
Quoting yonnie
{quote} having lived in Oz as well, I still have my main investments there so I really need an AUD account. will my deposit go into an AUD bank account at your bank OR is it just a base account with FXCM and your bank changing AUD to GBP and charging me a fee? what is the leverage in the UK account? hedging allowed?
Hi Yonnie,

I apologize, but in my previous post, I provided outdated information to you. FXCM is no longer able to offer trading services to New Zealand residents, because we are not regulated there.

If you have a residence in Australia, then you can still open an AUD-denominated account with us, but it would have to be through our FXCM Australia entity.
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