deposit:
- $1
Trading platform:
- MT4
- CloudTrade
- 0%
TradeDirect365 Review 2024
deposit:
- $1
Trading platform:
- MT4
- CloudTrade
- 0%
Note!
We’ve identified your country as US
Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.
We’ve selected the Top 5 Best Brokers in US for you:
Summary of TradeDirect365 Trading Company
TradeDirect365 is a high-risk broker with the TU Overall Score of 2.51 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TradeDirect365 clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. TradeDirect365 ranks 367 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
TradeDirect365 has non-standard conditions. Among popular CFD brokers, only TD365 offers trading in a single currency, avoiding conversion costs. Narrow fixed spreads are a conceptual advantage, as the trader knows exactly how much they will pay for a trade, and the vicissitudes of the market do not affect the price. Otherwise, the conditions are equally comfortable: two trading platforms from which to choose, no trading commissions or withdrawal fees, a wide selection of assets, and high leverage. Unfortunately, the broker does not offer investment options or a referral program, and there are no promotions or special offers for traders. However, traders can start trading with bonuses in the form of rebates from Traders Union, which partially reimburses traders for the cost of spreads.
TradeDirect365 (“TD365”) is an Australian broker, which offers CFDs (contracts for difference) on various assets like currency pairs, indices, stocks, cryptocurrencies, and commodities. One unique feature of the platform is the ability for traders to work with selected currencies, regardless of the asset they are trading. For example, if the account currency is dollars, then when trading the DAX index (represented in EUR), the trader still trades in dollars. This approach eliminates conversion costs. TradeDirect365 allows trading through its proprietary CloudTrade CFD platform or on the classic MetaTrader 4 platform (and on their respective desktop and mobile versions). The broker stands out from its competitors by offering fixed spreads. For example, the spread for AUD/USD is always 0.6 pips, and there are no trading commissions. TD365 clients can open one of three account types: Personal, Corporate, or the Self-Managed Superannuation Fund (SMSF) account. The Personal account has the Pro option, which features increased leverage. For example, on a Personal account, the maximum leverage for indices is 1:20, while on the Pro account, it is 1:200.
💰 Account currency: | USD, GBP, EUR, AUD, ZAR, NOK, DKK, SEK |
---|---|
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | 1:200 |
💱 Spread: | Fixed, depending on the asset |
🔧 Instruments: | CFDs on currency pairs, cryptocurrencies, indices, stocks, and commodities |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with TradeDirect365:
- Traders can choose from thousands of CFDs, categorized into five groups of the most popular assets.
- A narrow and fixed spread in most cases allows paying the lowest fee possible.
- All CFDs are traded without commission, the broker charges only the spread.
- Trading can be done on a personal computer or mobile device using convenient platforms.
- Leverage varies between 1:5 to 1:200, which increases the profit potential flexibly.
- Standard features such as stop-loss orders and advanced features like Negative balance protection (NBP) are available.
- Technical support is available through various communication channels and operates 24/5.
👎 Disadvantages of TradeDirect365:
- The platform’s operations are limited in the United States, Japan, China, and some other countries.
- The broker offers a wide range of assets for trading, but traders should note that these are all CFDs.
- The Pro account has many competitive advantages, but it does not come with protection against NBP.
Evaluation of the most influential parameters of TradeDirect365
Trade with this broker, if:
- You are looking for wide range of CFDs. With this broker, traders can choose from thousands of CFDs, categorized into five groups of the most popular assets, providing a diverse range of trading opportunities.
- You would want a narrow and fixed spread in most cases, which allows you to pay the lowest fee possible. This can be advantageous for cost-conscious traders looking to minimize trading expenses. Further, all CFDs are traded without commission; the broker charges only the spread. This transparent fee structure may be appealing to traders who prefer commission-free trading.
Do not trade with this broker, if:
- You belong from one of the broker’s restricted list of countries. The broker’s operations are limited in the United States, Japan, China, and some other countries.
- You are looking for Negative Balance Protection (NBP) as The Pro account, despite having competitive advantages, does not come with protection against NBP.
Table of Contents
Geographic Distribution of TradeDirect365 Traders
Popularity in
TradeDirect365 Latest Comments for 2023 i
Share your experience
- Best
- Last
- Oldest
Expert Review of TradeDirect365
The company was founded in 2014, has headquarters in Sydney, Australia, and is regulated by ASIC (Australian Securities and Investments Commission). The broker’s conditions are defined by fixed spreads and the absence of trading commissions. Spreads on most transactions are lower than the market average, so traders’ costs are minimal (plus there are no deposit or withdrawal fees). The broker offers only CFDs on currencies, cryptocurrencies, stocks, indices, and commodities. In total, there are several thousand assets, and the pool is constantly growing. In terms of trading conditions, excluding the advantage of spreads, TD365 offers typical features. Individuals can open Personal or Pro accounts. The Pro account has increased leverage and some other benefits. However, there are also disadvantages — professionals do not have protection against negative balance.
Traders can use of stop loss, take profit, and other useful risk management tools; plus, long and short positions can be opened. The broker does not limit its clients in strategies, styles, or trading methods. The maximum leverage on a Personal account is 1:30, while on a Pro account, it is increased to 1:200. This is more than enough for high-profit potential with insufficient equity. Clients can work using MT4 and CloudTrade platforms. TradeDirect365 does not set a minimum deposit. Overall, the broker takes great care with clients’ funds. For example, traders’ accounts are separated from the company’s accounts. The broker opens them in Westpac Bank, which is one of the leading deposit banks in Australia. Thus, considering the mentioned factors, the company offers its clients a favorable and largely unconventional proposal. Unfortunately, it does not provide bonuses, investment options, referral programs, or other solutions for passive income.
Dynamics of TradeDirect365’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Some brokers offer their traders passive income. It does not necessarily have to be cryptocurrency staking or dividend stocks. Copy trading services can also be considered as an investment, which provides practical benefits by giving investors real experience from successful colleagues. Another type of passive income is referral programs. However, they are relative, because in reality, to generate any significant income, traders need to communicate a lot on the internet and preferably have a popular blog. TradeDirect365 clients do not have access to any of these solutions, meaning they can only profit by actively trading CFDs.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Why TradeDirect365 does not offer affiliate programs:
The essence of any referral program is that trader posts their link on the internet, which other traders can use to register with the broker. They bring the link’s owner bonuses in the form of a percentage of the deposit or a fixed payout. Why does the broker need this? In this simple way, they can expand their customer base without investing in advertising, as traders themselves promote them. However, if the platform is already popular, there may be no need for a referral program. Experts believe that TD365 does not offer a referral program for this very reason.
Trading Conditions for TradeDirect365 Users
If a broker provides multiple account types, the minimum deposit requirements for each account almost always differ. TradeDirect365 clients who are individuals can open a Personal or Pro account, and in both cases, they do not need to deposit a certain amount. They gain full access to the platform after registration and verification. Then, a trader can deposit $100, $500, $1000, or more and start trading. The trader also chooses their own leverage. Leverage depends on the asset type. For example, it can be 1:5 for stocks, while the maximum leverage for currency pairs is 1:30. If the trader upgrades to a Pro account, the leverage increases up to 1:200 for currency pairs. It’s not mandatory for a trader to use leverage. As for technical support, it operates 24/5. Technical support specialists can be contacted by phone, email, or LiveChat.
$1
Minimum
deposit
1:200
Leverage
24/5
Support
💻 Trading platform: | CloudTrade, MT4 |
---|---|
📊 Accounts: | Personal, Pro, demo |
💰 Account currency: | USD, GBP, EUR, AUD, ZAR, NOK, DKK, SEK |
💵 Replenishment / Withdrawal: | Visa/MC bank cards, bank transfer, TransferWise, POLI |
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | 1:200 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 Spread: | Fixed, depending on the asset |
🔧 Instruments: | CFDs on currency pairs, cryptocurrencies, indices, stocks, and commodities |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Orders execution: | No |
⭐ Trading features: | The available financial instruments are only CFDs, with a wide selection of assets. Spreads are fixed, and there are no trading commissions or withdrawal fees. The leverage is moderate, and there are no restrictions on trading strategies. |
🎁 Contests and bonuses: | Rebates from Traders Union |
Comparison of TradeDirect365 with other Brokers
TradeDirect365 | RoboForex | Eightcap | Exness | FBS | NPBFX | |
Trading platform |
CloudTrade, MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4 |
Min deposit | $1 | $10 | $100 | $10 | $1 | $10 |
Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:200 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0.2 points | From 0.4 points |
Level of margin call / stop out |
No | 60% / 40% | 80% / 50% | No / 60% | 40% / 20% | No / 30% |
Execution of orders | No | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution, Market Execution |
No deposit bonus | No | No | No | No | $5 | No |
Cent accounts | No | Yes | No | No | Yes | No |
Broker comparison table of trading instruments
TradeDirect365 | RoboForex | Eightcap | Exness | FBS | NPBFX | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | No | Yes | Yes | Yes | Yes | Yes |
Crypto | Yes | No | Yes | Yes | No | Yes |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | No | Yes |
ETF | No | Yes | No | No | No | Yes |
Options | No | No | No | No | No | No |
TradeDirect365 Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Personal | 3$ | No |
Pro | 3$ | No |
With a fixed spread and no trading commissions, traders do not need to spend much time calculating fees. This significantly simplifies trading and makes it more financially advantageous. Traders Union is currently only discussing accounts for individuals, as conditions for companies (legal entities) may be different. Below is a table comparing TradeDirect365’s average fees to those of its two competitors. This allows traders to visually see why it is more advantageous to work with TradeDirect365 (at least in terms of commissions).
Broker | Average commission | Level |
TradeDirect365 | $3 | Medium |
RoboForex | $1 | Low |
Pocket Option | $8.5 | High |
Detailed review of TradeDirect365
TradeDirect365 is a CFD broker, which means it offers CFDs (contracts for difference) instead of actual assets. The maximum trading leverage on a Personal account is 1:30 with margin requirements of 3.33%. First-tier organizations, primarily large banks operating internationally, act as liquidity providers. The broker ensures high execution speed through the use of an advanced technology stack, such as dedicated virtual servers. The same applies to the CloudTrade trading platform, developed by TradeDirect365 specialists. The platform competes confidently, with MT4/5 in terms of simplicity, functionality, and adaptability to the specific needs of the user.
TradeDirect365 by the numbers:
-
9 years in brokerage business.
-
Minimum deposit is $1.
-
5 asset groups.
-
Minimum trade is $0.10.
-
Technical support is available 24/5.
TradeDirect365 is a convenient broker for working with CFDs
Platforms that offer only CFDs are CFD brokers. These financial instruments have many advantages like CFDs are traded with leverage, you can access any market from one platform, both long and short positions are available, and it offers protection against negative balance (NBP). The uniqueness of trading CFDs with TradeDirect365 lies in the use of a pre-selected currency, which avoids conversion costs. For example, if a trader uses dollars, but trades indices that support EUR, all his transactions are conducted in dollars without the need for conversion (avoiding exchange rate differences). Additionally, TradeDirect365 offers CFDs from different asset groups, allowing the usage of various strategies and confidently diversifying risks.
TradeDirect365’s analytical services:
-
Dividend Projections. A unique feature that allows tracking of dividend payments for stocks included in the selected index. Dividend payments always impact stock prices, so it is important to consider them in advance.
-
Market Expiries. Periodically, contracts for specific assets expire. If the expiration is acceptable to the trader and the position is automatically settled, no action is required. However, if the trade needs to roll over the contract to the next cycle, they need to contact the broker. The contract expiration tracking service helps to not miss the moment.
-
Market Closures. Sometimes, regional markets may be closed due to major national holidays or other significant events, this service allows the trader to take such situations into account when planning to trade.
Advantages:
This broker offers two account types for individuals, with the only conceptual difference being increased leverage for the Pro account. A trader does not need to worry about which account to choose, as they get comfortable trading conditions in either.
The company offers thousands of CFDs on five asset groups: currencies, cryptocurrencies, stocks, indices, and commodities.
Fixed spreads are often very profitable. In addition, the broker does not charge trading commissions.
The MetaTrader 4 trading platform is a classic and is suitable for both beginners and professionals due to its simplicity and convenient functions. The broker’s cloud-based solution, CloudTrade, is also practical and some traders even believe it is better than the other alternatives.
Withdrawals can be made through major channels such as bank cards, bank transfers, and online payment systems. The broker does not charge commissions and there is no minimum limit, giving the trader full control over their financial decisions.
Guide on how traders can start earning profits
If you are a legal entity, you need to open a corporate account. If you want to establish a Self-Managed Superannuation Fund (SMSF), register a Trust account. For all other cases, individuals can open Personal or Pro accounts. These accounts are similar in basic parameters: all assets are available, and trading with leverage is possible on MT4 or the CloudTrade trading platforms. The difference is that with the Pro account, the leverage is much higher, and the margin stop out level is set at 50%. However, clients who choose the Pro account lose protection from a negative balance and are unable to trade U.S. stocks. Also, their complaints are not considered by the AFCA (Australian Financial Complaints Authority). Therefore, private traders should choose an account type based on their understanding of the optimal risk-to-profit ratio.
Account types:
The standard practice is to first open a demo account, trade on it for a while, and then switch to a real account. All account types are available for the MT4 platform, however, the demo account is not available in CloudTrade. The number of traded assets is not determined by the account type.
Investment Education Online
A successful trader is constantly developing. He actively trades different instruments, reads books on trading, and participates in webinars. It allows him to meet the dynamically changing demands of the market. For additional support, many brokers offer educational programs to their clients, ranging from simple FAQs to comprehensive courses. TradeDirect365 follows a similar approach, the company’s website has a “Learn” section where text materials dedicated to working with CFDs are regularly published. It also includes a “Glossary of CFD Terms”, its “Platform User Guide”, as well as “Video User Guides” that explain the specifics of working with the platform.
As you can see, TD365 offers quite a lot of practical and useful information. However, this is more important for beginners, as professionals are unlikely to find anything unique for themselves.
Security (Protection for Investors)
There are three main criteria to distinguish a real broker from a fraudster. The first is regulation. The broker must not only be officially registered as a financial organization but also have a license from a regulator that confirms that it fulfills its obligations to clients. TradeDirect365 is regulated by ASIC. The second is the age of the company. In this review, Traders Union is reviewing a platform that has been operating successfully for 9 years. The third criterion is online reviews. TU experts have analyzed over 100 traders’ opinions and have not found any confirmed cases where TradeDirect365 has withheld funds from clients or deceived them in any other way.
👍 Where can you go for help
- To the broker’s technical support or legal department
- To the Australian Securities and Investments Commission (ASIC)
👎 There is no point in contacting
- The local financial control authorities, if you are not a resident of Australia
Withdrawal Options and Fees
-
If a trader has opened a demo account, he will trade with virtual funds, and will not make any profit.
-
Real accounts (Personal and Pro) require making a deposit and trading with real money.
-
When a trader is successful, he receives profit and increases his balance, which is displayed in the user account.
-
A trader can submit a withdrawal request for funds at any time via their user account.
-
The broker does not set a minimum withdrawal amount, and the trader does not pay a commission for this action.
-
Funds can be withdrawn via bank transfer, Visa/MC card, TransferWise, or POLI systems.
-
The trader withdraws funds as he wishes at any frequency, and applications are processed promptly.
Customer Support Service
Technical support is needed by every broker, as it is one of the most crucial infrastructures. The fact is that all traders sooner or later encounter situations that they cannot resolve on their own. The quality of the FAQs section, the intuitiveness of the website interface, and other advantages of the broker are sometimes simply not sufficient. When a trader faces a disputed issue, he contacts support. If the specialists work only limited hours, are difficult to reach, slow to respond, or incompetent, the trader becomes disappointed with the broker and will most likely switch to a competitor. TradeDirect365 understands this well, which is why they offer 24/5 support via phone, email, and LiveChat.
👍 Advantages
- Users can contact customer support even if they are not registered on the website
- All the most popular and efficient communication methods are available.
- Broker’s specialists respond even during nighttime on weekdays
👎 Disadvantages
- On weekends a trader is alone with his problem
So, if you already work with TradeDirect365 or are only planning to register with this broker, you can use the following contact options to receive competent answers to your question:
-
Phone numbers for residents of Australia.
-
Phone numbers for non-residents of Australia.
-
Email.
-
LiveChat on the website, or in the user account.
If you live in Sydney, visiting the company’s office may be convenient for you. However, it is better to check the working hours in advance, preferably by phone.
Contacts
Foundation date | 2014 |
Registration address | Level 17 123 Pitt Street, Sydney, NSW 2000 |
Official site | https://tradedirect365.com.au |
Contacts |
Email:
support@TradeDirect365.com.au,
Phone: 1800 886 514 (+2) +61 2 8310 4713 |
Review of the Personal Cabinet of TradeDirect365
To start working with this broker, you need to register and verify your account, and then make a deposit. TU’s experts have prepared the brief step-by-step guide below.
Go to the broker’s website and click on “Open Account”, you can also click “Start Trading Now”.
Read the comments on the page carefully and choose the account that suits you. In this example, Traders Union is opening a sample but real Standard account for an individual, so click “Open Personal Account”.
Specify how to address you. Enter your first and last name, date of birth, and email address. Think of a password and enter it twice. In the third block, enter your phone number, and information about your residence with the postal code. Click “Next”.
Answer a few questions about your trading experience and practical skills. Click “Next”.
Next, a few words about your income. This information will not be obtained by third parties, it is needed to individualize the offer. Select the account currency and trading platform. Then check the boxes, agreeing to the terms and conditions of cooperation. Click “Next”.
Answer a few more simple questions, this is mostly about trading theory. Your answers will help the broker to understand how prepared you are to trade. Click “Finish”.
Enter your email address that you provided during registration. You will receive an from the broker. Read the instructions and send scans/photos of documents confirming your identity. Once the managers verify the authenticity of the documents, you will gain full access to the functionality of your user account. The verification status is displayed in “My Profile”, under the “Legal documents” tab.
Click “Add a new trading account” in the left menu. Choose an account type and preferred trading platform. Click “Create a new trading account”. Follow the on-screen instructions to make a deposit and download the platform. Once the funds are received by the broker, you will be able to start trading.
Your TradeDirect365 user account also provides access to:
Trading accounts. The section provides a dashboard for the trader’s active trading accounts, as well as functionality for opening a new demo or real trading account.
My profile. Here, the trader can update personal information, view verification status, and change the password for the MT4 trading platform.
Payments. As the name suggests, this menu has three features — deposit funds, withdraw funds from the account balance, and view the payment history.
Articles that may help you
FAQs
Do reviews by traders influence the TradeDirect365 rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about TradeDirect365 you need to go to the broker's profile.
How to leave a review about TradeDirect365 on the Traders Union website?
To leave a review about TradeDirect365, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about TradeDirect365 on a non-Traders Union client?
Anyone can leave feedback about TradeDirect365 on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Traders Union Recommends: Choose the Best!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.