TRADEDIRECT365

About company:

TradeDirect365 is an Australian broker that offers trading in CFDs, currencies, indices, stocks.

 

About company. Fund security

TradeDirect365 is a brand of Finsa Pty Limited which is regulated by the Australian Securities and Investment Commission (AFSL No. 422661).

 

According to ASIC requirements, the minimum capital that brokers must have is AU $ 1,000,000. In addition, regulated companies must report on their activities. Client funds are held in a Level 1 AA bank (Westpac Bank) and are not used for the broker's personal purposes.

 

A regulator like ASIC is rated by some experts as average in terms of security. However, it is the only supervisory authority on the continent, and over 500 companies are under its authority.

 

Trading conditions

The company offers several types of accounts: personal, corporate, trust and joint accounts.

 

Spreads and commissions

The broker's commission starts at $ 5. And spreads from 0.8 pips.

 

For Forex trading, the required margin is usually 0.5% depending on the instrument.

 

For CFDs, it ranges from 5% for the most liquid stocks to 30% for illiquid stocks. Margin requirements are reduced when stop loss is set at the time of order. The calculation is based on the distance of the current trading price to the stop loss level.

 

Leverage

TradeDirect365 has set maximum leverage at 1: 200 on currency pairs. The leverage for CFDs is 1:20. These are not the highest leverage ratios in the industry, but it is worth remembering that high leverage brings not only more income, but also more losses. If you are confident in your abilities and know how to manage risks, you can find brokers with leverage up to 1: 1000 in our rating.

 

Trading platform

The broker offers to trade on the trading platform of the same name. TradeDirect365 is an intuitive trading app for beginners and professional traders alike.

 

Clients get access to:

 

stop loss orders; free demo recording; world stock exchanges for CFD trading; full featured charting program; automatic advisors and experts; your trading statistics.

 

TradeDirect365 provides access to its main trading platform via iPhone, Android mobile, iPad, Android Tablet and Windows Tablet.

 

TradeDirect365 also provides access to MT4 and CloudTrade.

 

The only difference with MT4 versus CloudTrade is the number of global markets you have access to. On MT4 TradeDirect365 you cannot trade individual CFDs. But you can access the Forex, Index Markets and Commodity CFDs.

 

additional services

TradeDirect365 has its own analyst who provides technical analysis reviews on a daily basis. The site also contains educational materials. In addition, several trainings and webinars are offered.

 

Support service

The broker offers professional 24/5 phone and email support, and a live chat function is available from 9:00 to 17:00 Mon-Fri.

 

Ways of payment

There are several ways to fund an account: bank transfer and Bpay. The broker draws the attention of traders to the fact that it accepts money only from personal accounts of the same name. This requirement is applied in accordance with the ASIC's anti-money laundering regulations.

 

Finsa Pty Limited can only return money to customers to the bank accounts from which the deposit was made.

 

TradeDirect365 customers can also use BPAY to deposit funds. You must enter your personal account from a computer or mobile device and follow the instructions to transfer money.

 

Money is usually credited to the account within 1-2 business days. Broker's main currency: Australian dollars. If you have deposited US dollars or euros, then they will be converted to the base currency.

 

Pros:

 

demo account; regulated broker; selection of trading platforms.

 

Minuses:

 

small selection of payment methods.