Review of AUSFOREX
AUSFOREX provides currency trading services and CFD online contracts for individual investors, traders, fund managers, and other financial institutions. It started in the year 2003 in Melbourne, Australia. Since 2005 Australian Securities and Investment Commission (ASIC) has certified and synchronized AUSFOREX.
To provide better global services, AUSFOREX moved its headquarters to London, UK in 2015, where it was registered as a designated Representative (AR) of a company licensed by the Financial Conduct Authority (FCA).
The minimum deposit for opening an investment account in AUSFOREX is 1000 USD, which is slightly too high because most brokers require less. You can start from $ 200 with AxiTrader and only $ 1 for FxOpen or CMC Markets, all of them authorized by FCA.
AUSFOREX offers both MetaTrader 4 and MetaTrader 5. The popular MetaTrader4 (MT4) platform has all forms and shapes: desktop, web, and mobile. Most investors prefer this fully customizable and feature-rich online trading platform. MT4 AUSFOREX provides an excellent chart package. It comes with 20 popular technical indicators (including SMA, MACD, Bollinger Bands and RSI) and various Expert Advisors (EAs).
Moreover, you can trade straight forward from the graphs on MetaTrader 4, one click; hedging and API trading are also available. Additionally, AUSFOREX launched the successor to MT4, MetaTrader 5, possibly because the creator of both platforms, MetaQuotes, announced that he would soon stop updating and selling the older version. MT5 is a platform with many resources. It comes with most of the advanced functions of its predecessor and several others.
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