Trading forex on margin

D

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?
 
You may want to contact IB, but Forex seems to be excluded and allowing margin, according to this article:

https://ibkr.info/article/2101
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You need a broker in some form to access the market. They do not work for free and you either pay a margin or a commission - this is unavoidable - no such thing as a free lunch (or trade).
 
Margin is the amount of money that a trader needs to put forward in order to open a trade. When trading Forex on margin, you only need to pay a percentage of the full value of the position to open a trade.
 
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