TradeDirect365 Review

TradeDirect365 is an Australian owned and operated online trading company which specialises in CFD and forex traded instruments. Since its inception in 2013, TradeDirect365 has gone on to establish themselves as one of the most up and coming online trading company’s by offering some of the lowest fixed spreads on CFD and forex brokering in Australia. The company was developed by a highly successful, professional trader who wanted to provide his clients with a fair, affordable and top quality trading platform through a low-cost, transparent pricing approach. The introduction of TradeDirect365 into the trading world has unquestionably been a huge game changer for the Australian financial industry and as a result is creating some serious stir among competitors. The senior manager of the company, a very well respected trader himself, wanted to establish a company that offered a better choice in CFD providers through increased efficiency, and low-cost trading.

In an industry categorised by extreme commissions, price manipulation, excessive fees as well wide and variable spreads, TradeDirect365 is breaking all the trends. In order to establish what exactly the company offers to its clients and who these may best be suited to, a review of TradeDirect365 has been provided below.

Trading with TradeDirect365

TradeDirect365 provides a variety of account options to suit the needs of all traders. The types of accounts available to open include:

  • Individual/Personal Account
  • Joint Account
  • SMSF/Trust Account
  • Corporate Account

Clients with a TradeDirect365 online account will be provided with access to an array of global marketplaces that span across Australia, Europe, the US and the UK. Users are also able to trade a variety of instruments including share CFDs, global currencies, global indices and a range of commodities. The trading platform was designed to be very user-friendly as well as having sophisticated functionality. When compared to other platforms, TradeDirect365 functionality and ease of use is clearly evident. Further features of the platform include:

  • Simple and easy to navigate dashboard
  • A free Demo Account of the platform which can be opened in just 1 click. Users are provided with $20,000 in virtual funds to invest in on this account.
  • Minimum opening amount required is just $25.00
  • Transparent prices with 24-hour fixed spreads – therefore the market does not impact on your trades as your spreads do not change
  • No commission on forex trades
  • Only $5 commission (then 0.07%)on ASX CFDs
  • Australia 200 with a fixed 0.9 spread during the day session, an initial margin of just $33 per unit and $0 commission rate.
  • Client funds are held with a AA rated tier 1 bank (Westpac Bank) and are not used for hedging purposes
  • More than 450 ASX listed share CFDs can be traded short
  • Significantly lower margin rates, ranging between just 5-30%
  • MetaTrator4 platform now available for clients
  • ECN pricing with straight through processing
  • Institutional spreads
  • One of the cheapest rates available with the best fixed spreads for US and European Index trades
  • Excellent customer service
  • Extremely user-friendly trading platform
  • Low margin requirements on all ASX CFDs
  • Hedging facilities available with the ability to trade both long and short on the same product
  • Guaranteed Stop Loss Orders as well as Trailing Stops are also available to help minimise risk
  • Regulated by the Australian Securities and Investments Commission (ASIC)

In addition to the low-cost trading provided as well as the simple yet feature-packed platform, TradeDirect365 also offers their clients a variety of educational tools. These resources assist in increasing traders knowledge of the marketplace, as well as providing them with the confidence and reassurance needed to perform their desired trades within these environments.   

TradeDirect365 Summary

TradeDirect365 is an innovative, top quality Australian online trading company, providing their clients with the lowest fixed spreads available on a very user-friendly, feature packed trading platform. Since their establishment in 2013, the company has been making waves in the financial industry by breaking all of the trends that previously governed CFD and forex trading. TradeDirect365s low-cost, transparent and fair approach to their offerings is what really sets them apart from the rest. Over-promising and under-delivering has typically been the approach that dominated quality share providers, however what we found to be the most refreshing aspect of TradeDirect365 is the company’s delivery on their offerings, which can be evidently seen in their fixed spreads and low commissions rates. It should also be noted though that the company’s low-cost offerings does not in any way impact on the quality of their trading platform. TradeDirect365s online platform is one of the simplest, user-friendly devices available, with an array of analytical tools and charting options provided for clients to utilise.