On-line since: About the company: TradeDirect365 is an Australian broker that offers trading CFDs, currencies, indices, and shares. About the company. Safety of funds TradeDirect365 is a brand of Finsa Pty Limited, which is regulated by the Australian Securities and Investments Commission (AFSL No.422661). According to the ASIC requirements, the minimum amount of funds that brokers must have is AUD 1,000,000. In addition, regulated companies must report on their activities. Customers' funds are held in an AA level bank (Westpac Bank) and are not used for the private purposes of the broker. Some experts estimate the ASIC as average in terms of security. However, it is the only supervisory authority on the continent, and there are over 500 companies regulated by it. Trading conditions The company offers several types of accounts: personal, corporate, trust, and joint accounts. Spreads and commissions The broker’s commission starts from $5. Spreads are as low as 0.8 pips. The required margin for trading currency is usually 0.5% depending on the instrument. The required margin for CFD varies from 5% for the high liquidity assets to 30% for low liquidity shares. Margin requirements are reduced when stop loss is set simultaneously with placing an order. The calculation is based on the distance from the current trading price to the stop-loss level. Leverage TradeDirect365 offers the maximum leverage of 1:200 for currency pairs. The leverage for trading CFDs is 1:20. This is not the highest leverage in the industry. However, a trader should remember that high leverage brings not only high income but also bigger 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 conduct trading on its own trading platform. TradeDirect365 is a user-friendly application, where both beginners and professional traders can work. TradeDirect365 clients get access to:
TradeDirect365 provides access to its main trading platform via iPhone, Android mobile, iPad, Android Tablet, and Windows Tablet. TradeDirect365 clients can also use MT4 and CloudTrade. The only difference between MT4 and CloudTrade is the number of global markets that a trader has access to. On MT4 TradeDirect365 you cannot trade individual CFDs, but you can work with currencies, indices, and CFDs on commodities. Additional services TradeDirect365 has its own analyst, who provides clients with daily technical analytical reviews. The website also has educational materials. In addition, several training courses and webinars are offered. Support service The broker provides professional support 24/5 by phone and email. Live chat is available from 9.00 to 17.00 Monday to Friday. Payment methods There are several ways to make a deposit: bank transfer and BPAY. The broker accepts money only from personal accounts of the same name. This requirement is applied in accordance with the anti-money laundering regulation used by the ASIC. Finsa Pty Limited allows its clients to withdraw money on the bank accounts used for depositing. TradeDirect365 clients can also use BPAY to make a deposit. It is necessary to log into your account from a computer or a mobile device and follow the instructions to transfer money. Money is usually credited to the account within 1-2 business days. The main currency of the broker is the Australian dollars. If you have deposited US dollars or euros, they will be converted into the base currency. Advantages:
Disadvantages:
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I felt terrible using their platform, the execution was slow, the price cannot be locked exactly. So bad.
I'm trading with TradeDirect365. This broker is a fairly superior broker. I am using their STP account since my strategy is not a day trading strategy and it is save my money! STP has not any commissions even spreads are very low. They also let me use my custom EA and technical indicators in the MT4 terminal. I started my STP account with $500 and then trade with this for almost 2 months and I made $450. End of the last month I withdraw my partial profit of $300 using Skrill and they processed my withdrawal within 6 hours. I did not meet any obstacles during the whole path. TradeDirect365 is a good broker.
In my case, I don't find TradeDirect365 is a reliable and financially stable. There have been occasions where prices were frozen. Support service is not good either. Today my account is approaching margin call so I deposited some money this afternoon to make sure that I have enough equity.
Leverage that they provide up to 1:200 which good for me that use small capital to trade. Withdrawal and deposit process good on time. Platform mt4 works well for me to generate income and fast execution to take all my orders after I click the order button. Trade Direct 365 is totally reliable broker to me. They never lie to their traders and I've been getting a lot of profit after joining them. Beginning o this month I made a withdraw request. My withdrawal amount was $350 and they send it my Bank Transfer account after one day. They got my recommendation and 5 stars.
I have the worst trading experience on the TradeDirect365 platform. Which always delay to open or close a trade and the chart are different from the current market. It can be freeze without any notifications. I think TradeDirect365 broker can't able to provide good service. While they don't support any major or popular payment gateway but I had closed my account immediately by withdrawal all of my invest via BankTransfer.
Oh, I love my trading experience at TradeDirect365. I have been with them for almost a year now and so far, my trading activities are going really well. I love trading the major currency trades even though they are highly volatile because the platform could handle it well. I know I made the right choice of broker.
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