Australian CFD Provider TradeDirect365 Review

Review Summary:

Review Detail: TradeDirect365 Australian CFD Broker

Why consider TradeDirect365 for CFD Trading?

• The review of TradeDirect365 has shown they are a strong challenger brand to the established CFD providers by giving Australian contract for difference (CFD) traders a better choice, lower cost and more efficient CFD trading. They are the stand-out lowest fixed spread forex & CFD brokerage firm in Australia.
• TradeDirect365 was developed by well respected, professional Australian trader Davin Clarke. It came into existence because he was sick of being charged wide and variable spreads, excessive commissions and unnecessary fees.
  In an industry where obscure fees (eg inactivity fees), exorbitant overnight raising of margin requirements and manipulation of prices can be the norm, TradeDirect365 is certainly one that bucks the trend!      

  

  
  
• TradeDirect365 hold all client funds on trust with Westpac (a tier 1 AA rated Australian bank), on a fully segregated basis and do not use client funds for hedging purposes.
• Transparent cost with 24 hour fixed spreads – which means that whatever the CFD market is doing, your bid-ask spreads don’t change.
• MT4 and MT5 platform option now available with institutional FX spreads and some of the lowest European index spreads available anywhere! This is a fantastic feature mix and is certainly cheaper than their competitors (those trading the DAX and FTSE index MUST check out TradeDirect365’s fixed spread rates on these very popular indices).
• From your TradeDirect365 CFD account, you’ll have access to Australian (ASX), US, European and UK share CFDs, global indices, global currencies and a range of commodities.
• The TD 365 web trading platform was designed with simplicity and ease of use in mind, while not losing functionality.
• Opening a trading account with TradeDirect365 is very easy. It literally takes a couple of minutes and they won’t make you jump through a whole lot of hoops to do it. Opening a demo account is simply 1 click, it couldn’t be any easier.
• Just $25 minimum amount required to open an account
• Licensed CFD and FOREX broker in Australia. TradeDirect365 Pty Ltd is a registered trading name of Trade Nation Australia Pty Ltd (ACN: 158 065 635) which holds an Australian financial services licence (AFSL) No. 422661 and is regulated by the Australian Securities & Investments Commission (ASIC).

Standout Pricing & Features

TradeDirect365 have an excellent offering, both on price and trading features, for ASX CFD, Forex and Index traders!

• Lowest ASX share CFD commission at only $5 or just 0.07% once trade value above $7,150
  This is 30% cheaper than IG Markets, which is listed as Australia’s largest CFD provider
• ALL listed ASX share CFDs (over 500) can be traded short.
• Lower margin requirements on all ASX CFDS starting from just 5% and the highest margin rate at only 30%. (Source: TradeDirect365 ASX CFD Margins and GSLOs document)
• ASX Data fee is AU$27.50 per calendar month. This data fee is fully rebated if you make 4 single leg trades (or 2 round turn trades) on any ASX share CFD within a calendar month.
• Web platform has tight 24hr fixed spreads, with NO commission, on FOREX (eg fixed 0.4 pip AUD/USD)
• Some of the best spreads I’ve ever seen on a variety of instruments, such as Germany 40 fixed at 0.9 point, UK 100 fixed at 0.6 point and, FX ECN spreads from 0.1 pip with a commission of just 30 cents per mini contract ($10,000) or $3 per full size FX contract ($100,000)! Micro lots also available.
• TradeDirect365 have also just been awarded as the winning brokerage firm in Peter Thurman’s​​ CFD Broker Review 2020, which reviewed over 30 CFD providers worldwide.

TradeDirect365 Single Currency CFD Trading

• No converting profit or loss from a foreign currency to your base currency;
• No swap or currency conversion fees; and
• Traders know their exact dollar risk amount in their base currency without performing additional calculations.

TradeDirect365 are the first in the world to offer this unique product with clear benefits. Below is an example of how this works:

Professional Traders – Wholesale Trading Account

TradeDirect365 Pro Account Leverage

If you qualify for a TradeDirect365 Pro Account, you’ll have access to the higher leverage shown in the table below which is not available to retail clients.

Pro Account Eligibility

TradeDirect Pro accounts are ONLY available to professional clients. This is an Australian Australian legislative requirement with strict adherence.

If you satisfy the requirement of ONE of the two tests below, you could be eligible for a TradeDirect365 Pro account:

Review of TradeDirect365’s Key CFD Trading Advantages

TradeDirect365 Provides Two Trading Platforms

TradeDirect365 provides two platform options… the incredibly easy to use TD 365 CloudTrade CFD trading platform, plus an MT4 trading platform option.

CloudTrade CFD Platform

CloudTrade is TradeDirect365’s web-based (with mobile app) CFD trading platform.

This account offers very tight fixed spreads, 24/5 over all of their Index, Forex, Commodities, Stocks and Cryptocurrency CFDs.

MT4 Trading Platform

Trade Direct 365 second platform is MetaTrader 4 (MT4), arguably the world’s most popular trading platform.
Their offering comes with a comprehensive set of features, including Expert Advisors (EAs).

Tight variable spreads are combined with incredibly low commission of $1.50 per side (for a full lot) across foreign exchange, commodities and indices.

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