YOUR CURRENCY
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To acquire the product, customers must:

• Be natural persons aged 18 years or older
• Have an Australian residential address
• Have an eligible eToro trading account
• Read, understand and accept the product’s terms 

The AUD account offers you a more localised trading experience, and means that you can deposit, hold and fund trades in your local currency, rather than having to convert to USD by default upon depositing. This allows you more choice, plus you don’t have to pay conversion fees when you trade AUD-based assets.

There are several potential advantages to making trades using funds from your AUD account:

• Reduced conversion costs: There are no conversion fees when you fund trades of AUD-based assets, with your AUD account. There are also no conversion fees when you transfer (i.e., deposit or withdraw) between your own local bank account and your eToro AUD account.
• Convenience: You can access your funds in AUD, and invest directly from the trade execution screen with no need to manually deposit or withdraw to or from your USD-based investment account. 
• Choice of currency: You can hold funds in AUD (in your AUD account) or USD (in your USD account), which allows you to decide how to manage both your currency strategy, and exposure between USD and AUD. 

AUD account services are available to residents of Australia.

Yes. You can hold AUD currency in your AUD account and USD currency in your USD account concurrently. This allows you to decide how to manage your currency strategy and exposure between USD and AUD.

Currently available for trades with underlying (“real”) assets, and USD-based CFD trades.

It’s important to understand how the currency conversion and trade execution process work, when you open a position on eToro using funds from your AUD account. 

• When you open any position on the eToro investment platform with funds from your AUD account, your AUD funds are converted to USD, and moved to your USD account, from where your trade is executed.  (There are no conversion fees incurred for the conversion to USD described above.)
• If the asset you are buying is USD-based, then no further currency conversion is required.
• If the asset you are buying is AUD-based, we will convert your funds to AUD, but we will not charge you any conversion fees.
• When buying assets based in AUD: while your order is pending, changes to the USD exchange rate at the time of conversion may impact the price of the position you are trading, affecting the price to buy, or the proceeds you receive.
• For out-of-hours and limit order trades, the funds will be converted to USD when you create the order and will be held in USD while your order is pending. Note that if you cancel the order, the funds may be returned to your USD balance, and not to your AUD account. 
• Trading with your AUD account is available for real stocks and cryptoassets. You can also open a USD-based CFD trade from your AUD account. Copy and Smart Portfolio investments can only be made using USD funds.
• If your USD account has a negative balance, the option to select your AUD account on the trade screen will be disabled. You will need to add funds to your USD account, to bring it back to at least zero in order to enable trading with your AUD funds.

• Closing a position with proceeds going to your AUD account follows a similar process to when you open a position using funds from your AUD account. 
• The proceeds from your closed trade are first converted to USD (if not already in USD), then to AUD, and then transferred to your AUD account.
• If your position is based in AUD, we charge no conversion fees to send the proceeds.
• If you wish to send funds from your copy investments to your AUD account, you can use the Stop Copy and Keep feature, which will put the underlying assets in your eToro investment portfolio, and from there, you can close the position to your AUD account.

Trading Fees

• When opening and closing positions with funds from your AUD account, our regular trading fees apply. Learn more here.
• These fees are initially calculated in USD, then converted to AUD, and included in the amount taken from your AUD account upon opening or closing a position. 

Conversion fees

• There are zero conversion fees when trading AUD-based assets using funds from your AUD account.
• Conversion fees may apply when trading non-AUD-based assets using funds from your AUD account.

To deposit funds into your AUD account:

1. Log in to the eToro platform.
2. Click on the Wallet tab.
3. Under AUD account, click Add Funds.
4. Enter the amount you want to deposit and follow the instructions.

To transfer funds between your AUD account and your USD account. 

1.  Log in to the eToro platform.

2. Click on the Wallet tab.

3. Tap “‘Transfer +”’ or “‘Move funds”’

4. Select the amount you want to transfer between accounts

AUD account services are provided by eToro AUS Capital Limited.

We hold your funds in a designated client money trust account with a fully regulated Australian bank, in accordance with the Australian client money rules. This ensures that your money remains safe and separate from eToro’s own funds. We cannot use your funds for any purpose other than processing your payment transactions –— meaning we cannot invest them, lend them, or use them for our own operations. In the unlikely event of eToro Money Australia’s insolvency, your funds are safeguarded and remain fully recoverable, other than any reasonable costs associated with returning them to you.