GBP AUD - British Pound to Australian Dollar

GBP/AUD Online Chart

Trade Forex CFDs with Plus500

Trade the most popular Forex pairs like GBP/AUD, AUD/USD and EUR/AUD at Plus500. Use our advanced trading tools to protect your profits and limit losses. Trade Forex with up to 1:300 leverage. With as little as 100$ you can gain the effect of 30 000$ capital!

What is Forex?

Foreign exchange, or Forex, is the world's largest financial market; it is a market with a huge average daily trading volume of $5 trillion. Plus500 offers 24-hour CFD trading on FX pairs, opening at 08:00 Sydney time on Monday mornings, and running through to 16:00 New York time on Friday afternoon. In basic terms, Forex refers to the purchase of one currency against another. Plus500 offers CFD trading on over 70 different currency pairs.

In the world of Forex, there are 3 primary markets:

  • Spot Forex Market – The physical exchange of a currency pair, taking place on the spot date (generally, this refers to the day of the trade plus 2 days - “T+2”).

  • Forward Forex Market – An Over the Counter (OTC) contract to Buy or Sell a set amount of a currency at a certain price at a future date.

  • Forex Futures Market – A Forex futures contract is an exchange-traded contract to Buy or Sell a specified amount of a given currency at a predetermined price on a set date in the future.

Forex vs. Forex CFDs

The basis of forex trading is the exchange of a certain amount of one currency against another. For instance, if you were to purchase GBP/USD, you would profit if the pound appreciated against the US dollar (GBP/USD moves higher) or lose money if the exchange rate falls (GBP/USD moves lower).

CFD trading allows you to place leveraged trades on currency pairs, speculating on the movement of the underlying instrument. Rather than settling (or delivering) a set amount of base currency, CFDs are cash-settled, based on the difference between the opening and closing prices of a pair of currencies.

One of the key features of CFD trading is that by using leverage you can increase your trade size while committing a relatively small amount of capital. You should keep in mind that while increasing your exposure magnifies potential profits, it also magnifies potential losses.