Australian (ASX) Stock Market Forum

Forex/CFD broker account

Joined
Dec 8, 2014
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Hi,

I'm looking at trading some Forex/CFD's and am currently analyzing brokers. One question I have is - what advantages/disadvantages are there if I my account funds are stored in non-AUD (e.g. USD). I expect to the majority of instruments (but not all) I'll be trading will be US based.

One advantage I see to AUD is that I know straight away how much is in my account. One disadvantage I see to having a USD/EUR account is that my account funds are then subject to market fluctuations.

Anyway, I'm very keen on your thoughts?

Regards
 
Joined
Apr 18, 2014
Posts
53
Reactions
0
Hi,

I'm looking at trading some Forex/CFD's and am currently analyzing brokers. One question I have is - what advantages/disadvantages are there if I my account funds are stored in non-AUD (e.g. USD). I expect to the majority of instruments (but not all) I'll be trading will be US based.

One advantage I see to AUD is that I know straight away how much is in my account. One disadvantage I see to having a USD/EUR account is that my account funds are then subject to market fluctuations.

Anyway, I'm very keen on your thoughts?

Regards
:xyxthumbs
 

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