TradeDirect365

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TradeDirect365 Review

  • TradeDirect365 is a regulated broker
  • TradeDirect365 has lower trading costs
  • TradeDirect365 offers fixed spreads
  • Low margin requirements
  • Simple and intuitive trading platform
  • Free demo account
  • Access to Australian, UK, US, and European stocks
  • Several trading platforms
  • TradeDirect365 can invest as little as $25
  • Superior customer service delivery
  • Guaranteed stop loss orders and trailing stops
  • Limited charting package
  • Limited range of markets
  • Company is relatively new

TradeDirect365 is a CFD and forex broker based in Australia. The organization offers traders the opportunity to participate in markets using CFDs on Australian, UK, US, and European shares, currencies, indices, and commodities. TradeDirect365 was founded by Davin Clarke, a successful trader who understands what traders expect from a good trading system. TradeDirect365 is regulated by the Australian Securities and Investments Commission (ASIC).

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TradeDirect365 is a trading name that is owned by Finsa Pty Ltd. Launched in 2014, the organization has chosen to focus on efficient service delivery, ensuring that clients can trade in a cost-effective manner. This they have done by charging low commissions with no complex pricing plans. In an industry where price manipulation, extreme commissions, excessive fees, and wide and variable spreads have become the order of the day, TradeDirect365 manages to offer relief.

Exchange Platform

TradeDirect365 offers traders extremely user-friendly and intuitive trading platforms that allow them to trade the global markets without hassles. The company’s clients can trade via the following trading platforms:

CloudTrade

CloudTrade is TradeDirect365’s core trading platform. The web-based application is feature rich and flexible. CloudTrade allows traders access to:

  • An advanced charting package
  • Allows them to create their own watchlists
  • Guaranteed stop loss orders
  • Automated trailing stop orders
  • Limit, stop, take profit, as well as if-done orders
  • The platform grants traders access to the most popular stock exchanges in the world
  • CloudTrade offers record keeping and reporting functionalities
  • Free demo account
  • Order tickets

MT4

In addition to CloudTrade, TradeDirect365 clients are provided access to the MT4 trading platform. The MT4 platform allows traders to access index, forex, and commodity CFD markets. However, clients cannot trade the individual share CFDs through this platform. The MT4 offers expert advisors (EAs), which enable traders to automate their trades with a customized expert advisor that best suits their trading needs.

MT4 also offers advanced charting capabilities to allow users to trade and analyze the technical aspects of the market all in one go. Besides these, MTV offers several other user-friendly features that will benefit the trader. They include an easy-to-use interface, the ability to overlay analytical studies, multi-language features, regularly updated news feeds, analytical tools, etc.

Mobile Trading

Traders can access the main TradeDirect365 trading platform through mobile apps on Android, iOS, and Windows devices.

Exchange Market

One of TradeDirect365’s many advantages is that it allows traders to access various global markets. The company focuses on the following markets:

  • Share CFD offering: TradeDirect365 offers traders over 500 share CFDs to trade on the Australian Securities Exchange (ASX). In addition, users can trade over 200 UK stocks, as well as more than 200 US and European stocks.
  • Index CFDs: TradeDirect365 gives traders access to more than 40 forex pairs through either the CloudTrade platform or MT4 trading platform.
  • Forex CFDs: TradeDirect365 clients can trade all the index CFDs from around the world.
  • Commodity CFDs: TradeDirect365 allows its users to trade commodity CFDs like gold, silver, Brent Crude, and US Crude.

Deposit and Withdrawals

TradeDirect365 does not accept cash. Instead, TradeDirect365 clients can fund their accounts in either of two ways:

Bank Transfer/Wire Transfer

Traders who wish to trade with TradeDirect365 can deposit funds into their account via bank transfer using the following details:

Account Name: TD365 Client Money Segregated Trust Account
BSB Number: 034008
Account Number: 188015
Swift Code: WPACAU25

Note that TradeDirect365 only accepts and refunds money to the source account from which the funds were initially received. As such, account holders must ensure to use their own bank accounts for funds transfer.

BPAY

TradeDirect365 clients can also deposit funds into their trading account using internet or telephone banking. To make a deposit, log in to your bank’s online or telephone banking portal, then follow the on-screen prompts. To make payments, traders will be required to provide a Biller Code and Customer Reference number. The customer reference number is your TradeDirect365 account number, while the Biller Code is 225052. You can find your BPAY customer reference number by logging into your TradeDirect365 account and selecting the “My Account” option top right of the screen. Next, choose the “Transfers” option, then select “BPAY.” You should see your unique customer reference number there.

Help and Support

You can contact TradeDirect365 via phone or email. Alternatively, users can reach the company by chatting live with a customer care representative. Telephone and email support are available 24/5, Monday-Friday, while the live chat feature is available from 9 am to 5 pm, Mondays to Fridays.

  • Phone: Traders who reside in Australia can reach support via 1800 886 514 (press “1). Clients who live outside Australia can contact support by telephone through +61 (0)2 8310 4713
  • Email: TradeDirect365 can get professional and prompt support via email at [email protected]
  • Live chat: TradeDirect365 users can use the live chat feature on the company’s website, www.TradeDirect365.com.au

Security and Fairness

TradeDirect365’s parent company is regulated by ASIC and holds AFSL number 422661. As required by the regulator, TradeDirect365 clients’ funds are held in a segregated client account with Westpac, a Tier 1, AA-rated Australian financial institution.

Its regulated status by a very powerful central authority confers on TradeDirect365 the status of a trustworthy company that can be held accountable.

Conclusion

TradeDirect365 is a top-quality, innovative brokerage firm with no significant disadvantages. The firm provides clients with an extremely user-friendly trading platform, a free demo account, transparent pricing, and does not charge commission on forex trades.

Besides, the broker is regulated by none other than the reputable ASIC and holds client funds in an AA rated tier 1 bank. TradeDirect365 offers guaranteed stop loss orders and trailing stops, which help to lower risk. The broker also provides information and education options in a bid to equip traders with knowledge of the entire trading process.

It is not often that you see a broker excel in so many areas where others have failed. As such, we would recommend this company.

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TradeDirect365 Reviews by Traders
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1 2 3 4 5 6 7 8 9 10
Peterpan1
153 reviews
Review date 10/06/2018
1 2 3 4 5 6 7 8 9 10
TradeDirect365 is a regulated brokerage with a low cost barrier to entry. They offer several trading platforms and low margin requirements.
TradeDirect365 has a limited range of assets and lacks some of the more advanced charting capabilities I rely on.
BooRadley
133 reviews
Review date 08/06/2018
1 2 3 4 5 6 7 8 9 10
TradeDirect365 is regulated brokerage that offers competitive spreads and fees on an intuitive trading platform.
TradeDirect365 has a limited trading experience and have an unproven reputation.
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