Account currency means the currency in which each trader wishes to maintain own funds in the brokers’ own account.
For all trading accounts of all brokers, traders must choose their account currency. All account performance such as profit, loss, margin, swap, commission, and fund amount are presented by the account currency.
Also, another important point is that once account currency is chosen, the account currency cannot be changed at later. This rule is applied for ALL brokers as far as we know.
In case trader makes or withdraws deposits by other currency which is different from account currency, currency conversion happens.
The most suitable account currency depends on each trader by reason below.
- Currency of country of residence for each trader is different, and
- Each trader has different idea which currency is the best to manage the trading account.
Especially, in case trader whose residence is outside of United States and Euro Zone choose broker, if the broker offer many options of account currency not only USD or EUR, that must be big advantage of the trader.
Therefore, when we review forex brokers, we set “Options of Account Currency” as one of evaluation criteria.
Options of account currency are actually very different among brokers. Many of brokers adopt only USD and EUR as account currency. Some brokers add other major currency such as JPY and AUD. After we reviewed many reliable brokers, our conclusion about this topic is as follows.
Answer: Best forex broker who has the most options for account currency is “Exness”.
Exness offers so many options of account currency as follows!!
|Standard Cent||USC, EUC, GBC, CHC, AUC|
|Standard||AED: United Arab Emirates dirham (United Arab Emirates)
AUD: Australian dollar (Australia)
ARS: Argentine peso (Argentina)
AZN: Azerbaijani manat (Azerbaijan)
BDT: Bangladeshi taka (Bangladesh)
BHD: Bahraini dinar (Bahrain)
BND: Brunei dollar (Brunei)
BRL: Brazilian real (Brazil)
BYR: Belarusian ruble (Belarus)
CAD: Canadian dollar (Canada)
CHF: Swiss franc (Switzerland)
CLP: Chilean peso (Chile)
CNY: Chinese yuan (China)
COP: Colombian peso (Colombia)
CZK :Czech koruna (Czechia)
DKK: Danish krone (Denmark)
DZD: Algerian dinar (Algeria)
EUR: Euro (Euro zone)
GEL: Georgian lari (Georgia)
GBP: Pound sterling (United Kingdom)
GHS: Ghanaian cedi (Ghana)
HKD: Hong Kong dollar (Hong Kong)
HUF: Hungarian forint (Hungary)
IDR: Indonesian rupiah (Indonesia)
ILS: Israeli new shekel (Israel)
INR: Indian rupee (India, Bhutan)
JOD: Jordanian dinar (Jordan)
JPY: Japanese yen (Japan)
KES: Kenyan shilling (Kenya)
KRW: South Korean won (South Korea)
KWD: Kuwaiti dinar (Kuwait)
KZT: Kazakhstani tenge (Kazakhstan)
LBP: Lebanese pound (Lebanon)
LKR: Sri Lankan rupee (Sri Lanka)
MAD: Moroccan dirham (Morocco)
MXN: Mexican peso (Mexico)
MYR: Malaysian ringgit (Malaysia)
NGN: Nigerian naira (Nigeria)
NOK: Norwegian krone (Norway)
NZD: New Zealand dollar (New Zealand)
OMR: Omani rial (Oman)
PHP: Philippine peso (Philippines)
PKR: Pakistani rupee (Pakistan)
PLN: Polish złoty (Poland)
QAR: Qatari riyal (Qatar)
RON: Romanian leu (Romania)
RUB: Rus:an ruble (Russia)
SAR: Saudi riyal (Saudi Arabia)
SEK: Swedish krona (Sweden)
SGD: Singapore dollar (Singapore)
SYP: Syrian pound (Syria)
THB: Thai baht (Thailand)
TND: Tunisian dinar (Tunisia)
TRY: Turkish lira (Turkey)
TWD: New Taiwan dollar (Taiwan)
UGX: Ugandan shilling (Uganda)
USD: United States dollar (United States)
UAH: Ukrainian hryvnia (Ukraine)
UZS: Uzbekistan som (Uzbekistan)
VND: Vietnamese dong (Vietnam)
ZAR: South African rand (South Africa)
|Pro||AED, AUD, ARS, AZN, BDT, BHD, BND, BRL, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EUR, GEL, GBP, GHS, HKD, HUF, IDR, ILS, INR, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUR(for MT4 accounts only), SAR, SEK, SGD, SYP, THB, TND, TRY, TWD, UGX, USD, UAH, UZS, VND, ZAR, MAUUSD, MAGUSD, MPTUSD, MPDUSD, MBAUSD, MBBUSD, MBCUSD, MBDUSD|
|Raw Spread||AED, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BND, BRL, BYN, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, ISK, JOD, JPY, KES, KGS, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, SYP, THB, TJS, TMT, TND, TRY, TWD, UAH, UGH, USD, UZS, VND, VUV, XOF, ZAR|
|Zero||AED, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BND, BRL, BYN, BYR, CAD, CHF, CLP, CNY, COP, CZK, DKK, DZD, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, ISK, JOD, JPY, KES, KGS, KRW, KWD, KZT, LBP, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, SYP, THB, TJS, TMT, TND, TRY, TWD, UAH, UGH, USD, UZS, VND, VUV, XOF, ZAR|
This means that Exness is one of huge forex brokers and expanding business globally, and Exness has strong system which can handle so many account currencies. Many clients who’s “Mother currency” is different from USD and EUR will obtain big benefit in Exness.
About this topic, we strongly recommend Exness for one of your brokers. In case you want to open account in Exness, please follow button below.
Also please refer to our review about Exness below.