Hi guys, I am total newbie in online forex and
this is my first post/ question here. I do apologize if this has been discussed/answered before.
I am an importer and I need to convert $AUD to foreign currency now and then (2-3 times per month)
I was doing this through one of 'big five' bank Forex - until I've discovered www.forex.com online real-time brokers.
After downloading their free practicing account I realized this is exactly what I need- if I were in US.
So I've started searching for an Australian broker which would offer the same or similar service.
Unfortunately I am still unable to find local online broker. Their software is
either way old-fashioned (not really much fancier than my banks two-button interface) or
not stable (frozen screen etc, something I've never had problem with forex.com)
The reason I would prefer local broker
is convenience in depositing / withdrawing funds in $AUD and to a degree I would feel much more
comfortable to hand over my money to ASIC regulated firm. I play with real money, use no leverage
and I am not concern about squeezing very last 0.01 of a cent either way, but I would like to
be more proactive, follow exchange rates in real-time and receive better deal on exchange than what I'm getting now
which is quite frankly just peanuts.
Could anyone please recommend Aussie forex broker firm that would suit my requirements?
Alternatively I would like to hear from anyone trading with forex.com and their experience (real account, not practice)
Your prompt reply would be greatly appreciated. Thanks in advance.