Trade the Australian dollar vs the Canadian dollar with Sweden’s only STP forex broker.

Speculate on the interplay of two powerhouse commodity currencies rooted in resource-rich economies. Start trading AUD/CAD with a Scandinavian Markets forex trading account.

  • Trade on MT4, MT5 and cTrader
  • 0.8 pips average spread
  • Up to 1:200 leverage

AUD/CAD contract specifications

Check the contract specifications for trading AUD/CAD with Scandinavian Markets.

InstrumentAustralian dollar vs the Canadian dollar
Base currencyAUD
Quote currencyCAD
Contract (Lot) size100,000 AUD
Minimum order size1,000 AUD
Point value1 CAD
Leverage/margin requirements1:200 (0.5%)
Commission$7 per lot
Tripple rolloverWednesday
Swap long (points)-6.54
Swap short (points)-0.455
Trading sessionSunday to Friday from 21:05 to 20:55

When you trade AUD/CAD, the base asset is the Australian dollar, and the quote asset is the Canadian dollar. The contract size, which is often referred to as the lot size, is 100,000 AUD. The smallest order size you can place is 1,000 AUD, also called a micro-lot or 0.01 lots. Orders can only be submitted in increments of 1,000. Therefore, you cannot place an order for 1,600 AUD/CAD; the second smallest order you can create is for 2,000.

AUD/CAD is quoted with five digits. The fourth digit is known as the pip, and the fifth digit is known as a point. The value of a pip depends on the position size. If the position is 1 lot, the pip value will be 10 CAD. If the contract size were 0.01 lots, the pip value would be 0.1 CAD.

The minimum margin requirement to open 1 lot of AUD/CAD is 1%, meaning you’d need 1,000 AUD or the equivalent amount in your trading account to open the position. To open a 0.01 lot position of AUD/CAD, you’d need 10 AUD of margin.

Currency profiles

How to trade AUD/CAD

When you go long AUD/CAD, you’re technically buying Australian dollars with Canadian dollars, expecting the Australian dollar to appreciate and the Canadian dollar to depreciate. When you short AUD/CAD, you’re technically selling Australian dollars to buy Canadian dollars, expecting the AUD to appreciate. When you close the trade, your profit or loss will be calculated in CAD.

When you trade forex using contracts for difference (CFDs), you don’t need to own either of the currencies in the trading pair. For example, if your trading account balance is denominated in British pounds, you can still trade AUD/CAD. The purpose of a CFD is to enable traders to hold positions and speculate on the price of one currency against another without owning the underlying currency. When a position is closed, it’s always settled in cash by increasing the balance in your trading account.

Costs to trade AUD/CAD

There are different costs when trading forex with Scandinavian Markets. Besides market fluctuations, three primary factors influence your trading profitability: commissions, spreads and swaps.


The spread is the difference between the bid and ask price. When you enter a long position, your order is opened using the ask price, which is the highest of the two quotes. When a long trade is closed, you are selling, which means the bid price is used, which is the lower of the two quotes. Therefore, the difference between the bid and ask price impacts your profitability.
The diagram below shows how an unprofitable position loses more and how a profitable one earns less due to the spread.


Commissions are charged when you open and close a trade. The currency you are charged depends on your trading platform and account balance. This example assumes the commission is $7 per lot (100,000 AUD). Once adjusted according to the trade size of 0.1 lots (10,000 AUD), the commission becomes $0.35 to open and $0.35 to close. If the CAD/USD exchange rate is 1.38, the total commission is 0.97 CAD.


A swap is a fee for holding positions past a cutoff time. Swaps are primarily influenced by the interest rate differential of the base and quote currencies. However, swap rates change daily due to continuously fluctuating exchange rates. Swap rates vary depending on whether your position is long or short. In this example, the swap rate for a long AUD/CAD position is -0.475 pips, and 0.012 pips for a short position.

Ready to trade AUD/CAD?

Speculate on the rising and falling price of the Australian dollar against the Canadian dollar by joining Scandinavian Capital Markets. Start with a demo account or test our conditions with a live free trial.

Why trade with us


We are one of the few remaining STP brokers. We execute all orders with well-capitalised liquidity providers and industry-leading ECNs.

Impeccable reputation

We've been in the market for over a decade and maintain an unblemished record with our retail, professional and institutional clients worldwide.


1What is a commodity currency?
A commodity currency is a currency from a country whose economy depends heavily on exporting certain raw materials or commodities, such as oil, gold, or agriculture. Examples include the Australian Dollar (AUD), Canadian Dollar (CAD), and the Norwegian Krone (NOK).
2What is a minor currency pair?
A minor currency pair, also known as a cross-currency pair, is a currency pair that does not include the US Dollar, such as AUD/CAD, EUR/GBP or EUR/AUD.
3Can I practice trading with a demo account?
Yes, most forex brokers offer demo accounts where you can practice trading with virtual money, allowing you to gain experience without risking real capital. You can open a demo account with Scandinavian Markets from our website.
4Can I lose all my money trading forex?
Yes. Forex trading carries significant risks, and it's possible to lose all of your invested capital, especially when using high leverage.
1Why do exchange rates continuously change?
Exchange rates fluctuate continuously due to factors like economic data releases, central bank actions, political events, market sentiment, and shifts in supply and demand for a particular currency.
2Are all my trades STP?
Yes. Scandinavian Capital Markets never takes the other side of your trades. We send 100% of our order flow to external counterparties.
3How do forex brokers make money?
Forex brokers often make money through commissions each time you place a trade. In exchange for paying a commission, we try to offer the most competitive spreads in the industry, whereas some brokers make money from the spread, which increases the difference between the buy and sell price.