Best forex broker for Australia 2022 🔥 TOP 3 🔥 - YouTube

hello and welcome to my review of the top 3 4x  brokers in australia there are uh three different  

brokers i'll be looking at not necessarily in  any particular order the first one is avatrade  

this is a brokerage firm that's actually based  out of dublin ireland but has uh offices around  

the world very well known but around for  ages so it has a reputation over the years  

of providing plenty of trading opportunities and  support for customers in multiple markets we'll  

take more of a look at forex obviously but they  do offer indices shares commodities etfs bonds  

so let's click here on forex trading  and as it loads up it gives you you know  

a 30 000 foot overview of it um they do uh options  as well as spot so that certainly uh does help you  

can also do social trading such as uh ava social  duplitrade and zulu trade and etc so uh when you  

get involved with trading you can pick either  to follow other traders or you can look at

doing it on your own through your own research  so when we click on the forex uh you can see  

that 401 leverage is pretty standard across  most pairs there are going to be some like the  

euro ruble 20 to 1 but plenty of markets here  you can see that almost 60 pairs and 4x alone  

the nice thing about this of course is that you  also have um you know stocks that you can trade  

just a huge amount of stocks um airbnb moderna  um you know you have british ones as well  

you also have um you know italian etc commodities  pretty extensive as far as commodities are  

concerned you know palladium cotton you know  some of the ones that you don't see all the time  

indices all of the big indices  as well as some smaller ones

so that certainly gives you  plenty of opportunities fx options

101 leverage and those of course give you uh quite  a bit of opportunity as well as far as getting a  

hold of them straightforward phone number they  also have live chat the phone of course works  

well the markets are open so 24.5 regulated in  australia as well as the uk and multiple other  

jurisdictions so certainly not a problem trading  platforms well you have the metatrader ecosystem  

of course you have avatrade go which is your  mobile platform ava options which features their  

options in general this is their online  trading platform it reminds me of trading view

with a little bit more functionality it's been  around for ages so they've done quite a bit of  

work out of back testing uh the uh updates are  frequent so that of course helps quite a bit as  

well as far as education is concerned they do  have you know pretty decent education section  

they have um books videos webinars um you know  so like right here what's going on with gamestop  

they're they're throwing a webinar on that i'm  recording this uh during the gamestop melt up  

trading ebooks videos um you know anything from  using the platform to indicators that type of  

thing economic indicators so solid uh well  known around the world really can't go wrong  

so etoro is going to be a little  bit different in the sense that um  

it is built originally based upon the social uh  trading platform they were the uh in original  

brokerage that had the social trading where  you would just follow other traders so  

uh that of course is um something that they're  quite well known for you can see stocks etfs  

uh cryptocurrencies and then cfds cfds on etoro

you can see uh the top ones indices  currencies commodities and stocks  

so for example you get a  stock like lloyds of london  

burberry uh hsbc currencies you know all the ones  that you would expect really not a huge surprise  

trading um these are the copy traders that i had  mentioned previously so let's go to currencies

it'll load up the quickie platform this is  like the web trader platform and you can see  

you know most of the currencies you would expect  to see pretty much anywhere um there are a few  

exotics like the chinese offshore um but really  most of these are going to be the ones that you  

see in most brokers for mexican peso turkish  lira um euro polish lotte and then as you go  

on it does get a little bit more exotic not  bad though uh the 52 currency are available

so

when you get to fees

you've got um zero commission for stocks no  management fees you can open up a free account um

you on the cfds only pay the spread  of course currencies are from one pip

here you can see one pip euro dollar new zealand  dollar two and a half aussie one gives you a good  

idea of the type of spreads these are pretty  good spreads considering it's more or less  

a straightforward um spread based  broker it's not a uh ecn as it were

go to the health help center and you can get quite  a bit of education on various aspects of trading  

at etoro uh deposited in my account you click on  that you can deposit via credit card bank transfer  

uh klonna klarna so fort e wallet like a  paypal scroll net teller pretty typical

go to the top markets again

so as far as leverage is concerned you  could see 30 to 1 for major currency pairs  

20 to 1 for non majors such as euro kiwi gold  and major indices 10 to 1 for commodities and  

five to one for stocks two to one for uh  cryptocurrency so a lot of these will be um  

you know similar to european uh brokerage firms  going back to the front page you can see that  

education is fairly strong here at etoro um they  have podcasts of a daily market review video  

tutorial so if you go to the video tutorials it'll  be things how to trade trading for beginners pro  

trading they are working on currently trading  school click on that it will teach you how to  

trade all along like uh learn trade now  register for a course there's a classroom  

a virtual track classroom uh that you can take  advantage of plenty of education plenty of news  

again like i say in all of these videos you  will obviously want outside information as well  

not just with your broker but etoro's pretty  good about providing everything that you need  

then finally plus 500 regulated of course  in australia and the uk and multiple other  

countries around the world allows you to trade  just about anything you can think of in the cfd  

sphere you click on forex and you can  see you can trade uh over 60 pairs  

with up to one to 300 leverage um so very um  robust if you will plus 500 has been around  

forever so that should not be an issue as  far as whether you know them or know other  

people that know of them as far as getting  a hold of the company they have 24 7 uh chat  

support but they also have phone numbers that  you can call while the markets are open the um

investment categories just gives you  the world at your fingertips so to speak  

uh the company you know you can look on about us  

uh all the companies that they are all  the football teams that they sponsor  

obviously they have a lot of money otherwise they  wouldn't be sponsoring some of these big clubs

uh as um as far as deposits are concerned  you can see that it's all there is no um  

third party you can do a bank transfer um you can  deposit money and select your um specific type uh  

credit card debit card uh there are e-wallets  that you can use as well pretty straightforward

the um

4x section again up to 300 now that's going to be  your majors uh your miners of course are going to  

be different uh you can see the platform  there that is their proprietary platform  

so when you go to the faqs

it has here clearly the regulators um you can  follow that link it'll show you all the different  

countries around the world  that they are regulated with um

all the information on trading how to avoid a  margin call pretty much straightforward stuff  

go back to the front page here  you can see there's their platform  

it is a good platform it is a platform  that a lot of traders do like um

there's all of your e-wallet

they also have the uh online platform  that you can use on your cell phone  

um it does give you the opportunity to  have different types of charting packages

and it just goes from there really it is one of  the more um well-known brokers around the world  

you can see uh 430 000 active customers uh they  have done 84 million trades and and continue to  

go you can see all the disclosure here about who  all they are regulated by uh seychelles uh scissek  

fca the australian regulators of course  um and a few others monetary policy of  

our monetary authority of singapore as far as  education is concerned there you know there's  

news and market insights i wouldn't get too  crazy about this this really isn't their thing um

you know trader's guide it's just some basic  information it does give you you know some basics  

to look at but again this is more about having  access to the world so when you look at these  

etoro is going to be for social trading more than  anything else that's where they've always shined  

um plus 500 and have a trade both are very  similar in the sense that they offer you  

so much in the way of trading opportunities  and that's really where it's going to shine  

all three of them are heavily  regulated and well-known brokers  

you're not going to have issues with deposits or  protecting your trading the capital at any of them