Trading forex on margin

Discussion in 'Forex' started by dakr, Jan 31, 2020.

  1. dakr

    dakr

    Want to check whether I understand this correctly.

    It appears that as a retail trader residing in Australia, I can't trade on margin:

    https://www.interactivebrokers.com.au/de/index.php?f=6438&p=forex

    Bottom of page says:
    Due to regulatory restrictions, Interactive Brokers does not currently offer margin lending to natural persons who are residents of Australia

    If true then IB account is pretty useless in Australia. I can only trade on a few pairs and cannot trade on margin.

    Am I reading this right?
     
  2. guru

    guru

  3. padutrader

    padutrader

    contact some other broker
    that may be IB specific company policy.
     
  4. dakr

    dakr