Account types

Cost-free setup and maintenance

Which Account is best for you? Let us give you a hand in choosing the right account type for your trading needs.

Choose your Account Type

We offer two types of accounts.

Which account is best for you?

Whatever your trading needs are, our dedicated team has got you covered.

Standard accountRaw account
Typical EUR / USD Spread0.5 - 1.8 pips0.5 - 1.0 pips
Commission$0$3.5 per standard lot traded
Min. / Max. Trade Size0.01 lots / 100 lots0.01 lots / 100 lots
Margin Call Level80%80%
Stop Out Level50%50%
Min. Initial Deposit$100 AUD or equivalent$100 AUD or equivalent
Account Base CurrenciesAUD, USD, EUR, GBP, NZD, CAD, SGDAUD, USD, EUR, GBP, NZD, CAD, SGD
Scalping AllowedYesYes
EAs AllowedYesYes
Hedging AllowedYesYes

Why trade with Place a Trade

Our performance and security-centric system allow you to feel in control.

Great spreads

You’ll get expert support and instant reliable execution all at a fair, competitive price.

250+ markets

Open up a world of possibility with over 250 instruments across Forex, Indices, Commodities and Shares.

Expert support

Whatever your level of experience, we’re here to help you get up and running.

Fast execution

We know you need instant, reliable execution when you trade so our servers are strategically placed around the globe to make this happen.

FAQs

Essentially, the tighter the spread, the lower the cost of trading. The wider the spread, the higher it costs.

For example, let’s say EURUSD is quoted with a buy price of 1.0984 and a sell price of 1.0983. The spread can be calculated by subtracting 1.0983 from 1.0984 – giving a total spread of 0.0001 or 1 pip.

At Place a Trade, prices are quoted up to 5 decimal points.

A spread is how brokers make money from each trade. It’s essentially a commission that replaces brokerage fees and charges. In forex trading, a spread is the difference between the buy price (ask) and the sell price (bid) of a security or forex pair. The difference is usually represented in pips. When trading a position, a spread is the gap or the difference between the short position and the long position.