Becoming a FXOpen AU Pro Trader
FXOpen AU Pro clients can trade with higher leverage as well as enjoy lower commissions.
Check if you are eligible for FXOpen AU Pro Account.
Key features
ACCOUNT CONDITIONS
As a wholesale (Pro) client, you will not be entitled to some of the protections afforded to retail clients under the Corporations Act 2001.
FXOpen AU is not required to provide a Product Disclosure Statement (PDS) or the Financial Services Guide (FSG).
Finally, you will forfeit the ability to recourse to the Australian Financial Complaints authority (AFCA).
Wholesale Clients are excluded from certain regulations such as:
No-negative protection: As a wholesale client you will have an obligation to make additional payments should your account fall into a negative balance.
Restrictions on FX/CFD: The regulator has imposed leverage restrictions and other measures such as standardised risk warnings as a way of protecting retail clients. If you choose to be a wholesale client we will not be obliged to restrict your account in this way, so these protections (and any future measures) would not apply to you.
Communication: When talking to our retail clients we need to use clear language and be very balanced when talking about risks and benefits of leveraged trading. We can use more sophisticated language when talking to our wholesale clients.
Experience: We may assume your level of experience when assessing whether our products are appropriate for you.
Best execution: When executing your orders, we owe you a duty of best execution. For retail clients we must, prioritise overall price and cost of a transaction when giving best execution. As a wholesale client, we may prioritise other factors in giving best execution, such as speed and likelihood of execution if we determine they are equally or more important than overall price. In practice, we will not change the way we execute your orders.
Pro Traders
As a Pro Trader, you can trade with higher leverage levels (up to 1:500) and keep most benefits offered to Retail Clients at no additional cost.
Data in the table based on ASIC's product intervention from March 29th, 2021.
Major FX pairs | Non-major FX pairs | Major Indices | Gold | Commodities (excluding Gold) | Minor Indices | Shares | Crypto |
up to 1:500 | up to 1:100 | up to 1:100 | 1:500 | 1:500 | 1:50 | 1:5 | 1:3 |
& Pricing
Major FX pairs | Non-major FX pairs | Major Indices | Gold | Commodities (excluding Gold) | Minor Indices | Shares | Crypto |
1:30 | 1:20 | 1:20 | 1:20 | 1:10 | 1:10 | 1:5 | 1:2 |
& Pricing