<a href="https://tradedirect365.com.au/" rel="noopener noreferrer" target="_blank">TradeDirect365</a> stands as a beacon in the world of CFD trading, regulated by the meticulous ASIC. Delving into this comprehensive review, we will navigate through the labyrinth of available platforms and applications, explore the myriad trading instruments at your disposal, scrutinize demo accounts, minimum deposits, and fees. Stick with us as we unveil the verdict on TradeDirect365. <img src="https://cdn.forexoverflow.io/images/1697749236711-i5pafajyrk8xiqf-tradedirect365.png"><h2> </h2><h2>About the Company</h2> Founded back in 2014 by the sagacious trader, Davin Clarke, TradeDirect365 has carved its niche by offering fixed, yet remarkably tight spreads on a diverse range of assets, including forex, indices, and commodities. A noteworthy feature that sets them apart is the absence of a minimum deposit requirement, a welcoming gesture to frugal traders seeking cost-effective CFD trading solutions.This enterprise is not only registered with the Australian Securities and Investment Commission (ASIC) but also boasts the privilege of holding an Australian Financial Services Licensee (AFSL). Furthermore, it has secured the imprimatur of the Securities Commission of the Bahamas (SCB). To ensure the sanctity of client funds, they nestle them in segregated accounts and provide the safeguard of negative balance protection. <h2>Diverse Assets &amp; Markets</h2> TradeDirect365 is your gateway to an expansive treasure trove of 500+ instruments, available for trading as CFDs. These include:<ul><li>Cryptocurrencies: A bountiful selection of 10 cryptocurrencies, featuring stalwarts like Bitcoin and Ethereum.</li><li>Commodities: Speculate on the prices of Gold, Silver, US Crude Oil, and UK Brent Crude Oil.</li><li>Indices: Engage in the trading of six global indices, encompassing the Australia 200, Wall Street 30, UK 100, and Germany 30.</li><li>Forex Pairs: Dive into the world of forex trading with access to 30+ major, minor, and exotic currency pairs, including the EUR/USD, USD/JPY, and AUD/USD.</li><li>Stocks: A cornucopia of more than 400 Australian stocks, 200+ UK and US stocks, and 100+ European stocks, featuring titans like Amazon, Deutsche Bank, and CommBank.</li></ul>Please take note that access to these instruments may vary depending on your chosen platform. Regrettably, day traders cannot partake in cryptocurrency or stock trading through the MT4 terminal.<h2> </h2><h2>Trading Platforms</h2> TradeDirect365 offers a duo of powerful platforms: the MetaTrader 4 and their proprietary web and app-based CFD trading platform, CloudTrader. Both platforms are readily accessible for use or direct download from the TD365 website. The venerable MT4, crafted by MetaQuotes Software in 2005, welcomes both neophyte investors with its user-friendly interface and seasoned traders with its Expert Advisor feature, facilitating the creation of trading bots. On the other side of the spectrum, the CloudTrader terminal beckons with its simplicity, boasting one-click trading and the security of guaranteed stop-loss orders. It sweetens the deal with more competitive trading conditions, including fixed spreads, reduced commission fees, and a lower minimum order requirement. Moreover, it opens the gates to stock and cryptocurrency trading, a privilege not extended by the MT4. <h2>Executing Trades on CloudTrader: A Simple Guide</h2> <ol><li>Log into your TradeDirect365 account.</li><li>Choose the asset you wish to trade.</li><li>Input the position parameters, including the order size and any stop-loss orders.</li><li>Click 'submit' to open the position.</li><li>Keep a vigilant eye on the status of your open trade using the widget at the bottom.</li><li>When the time is ripe to close the position, click the 'X' under the 'close' column, and then hit 'submit' in the ensuing window.</li></ol><h2> </h2><h2>Spreads &amp; Fees</h2> As daylight and darkness differ, so do spreads and fees between MT4 and CloudTrader. The CloudTrader terminal adheres to a fixed spread model, a boon for day traders navigating the tempestuous seas of market volatility. In contrast, the MT4 platform employs a floating spread system, a siren song to the experienced trader. Consider this: On CloudTrader, the ASX200 boasts a fixed spread of 0.9 pips, whereas on MT4, it starts at 1 pip. The EUR/USD currency pair, a beloved trading pair, showcases a fixed spread of 0.6 pips on CloudTrader, whereas on MT4, it's a tad tighter at 0.3 pips. These spreads stand as a testament to the broker's competitive edge, consistently trumping those of its online peers. Moreover, there is a commission fee of $5 or 0.07% on stocks valued above $7,150 when using CloudTrader. As for MT4, it imposes a fee of $1.50 per lot. Should you opt for Australian share CFDs, a monthly fee of AUD$27.50 comes into play. However, this fee is gracefully waived if you execute two round-turn trades within a month. For the night owls, swap fees rear their heads for overnight positions. These fees are derived from the interbank interest rate coupled with a 2.5% finance fee. A comprehensive trading fee schedule is available on the broker's website, dissected by instrument and platform. <h2>TradeDirect365 Leverage</h2> Day traders revel in the leverage, soaring up to 1:30 under the wings of the Australian-based TradeDirect365. This encompasses a maximum 1:30 leverage on major currency pairs and 1:20 on global indices, dutifully adhering to the regulations mandated by the ASIC.Professional traders, on the other hand, unfurl the sails of even greater leverage, soaring up to 1:200. For investors who have pledged allegiance to the SCB-registered entity, this lofty 1:200 leverage is also on the table.<h2> </h2><h2>Mobile Apps</h2> Both platforms, MetaTrader 4 and CloudTrader, are donned in the attire of mobile apps, rendering day trading accessible on the go. The mobile applications shine with their intuitive dashboards and unwavering order executions. The bespoke TradeDirect365 application, in particular, stands as the embodiment of simplicity, a muse for newcomers.Aspiring traders can saunter into the realm of demo accounts, taking each app for a test drive, ultimately deciding which one resonates with their trading aspirations. <h2>Payment Methods</h2> DepositsTradeDirect365 extends the warmest of welcomes with no minimum deposit requirements, making trading accessible to investors of all stripes. The avenues for deposit include bank wire transfers, credit/debit cards, POLi, and TransferWise. Yet, a shadow looms in the form of currency restrictions, as all payments must be made in AUD. International customers find solace in bank transfers, but currency conversion fees may rear their heads. On that note, international bank transfers cap at a maximum fee of 20 AUD.The deposit timeline unfurls as 3 to 5 working days for non-Australian residents and a nimbler 1 working day for traders within Australia. This timeline does skew slightly longer in comparison to some of its peers, who often offer near-instant account funding. Day traders have the privilege of selecting their account currency from AUD, USD, EUR, or GBP. How to Deposit Using Bank Wire TransferFor the fastest transaction times, traders can funnel funds directly through mobile banking. A critical detail is to include their unique account number as the reference for precise allocation:<ul><li>BSB Number: 034-008</li><li>Bank Account Number: 188015</li><li>Bank Name: Westpac Banking Corporation</li><li>Account Name: Finsa Pty – Trade Direct 365 Client AUD</li><li>Bank Address: 115 Queen Street, Brisbane, QLD 4000, Australia</li></ul> WithdrawalsThe solitary method for withdrawals is bank wire transfers, regrettably accompanied by a fee of 15 AUD. This fee, though, emerges as a notable drawback when compared to alternatives. As for the withdrawal timeline, it spans up to a single working day. <h2>TD365 Demo Account</h2> TradeDirect365 extends a hand to both novices and experts by offering demo accounts on both the CloudTrader and MetaTrader 4 platforms. To embark on this journey, one simply needs to create an account with TradeDirect365, and the doors to these terminals swing open. The CloudTrader demo account ushers in users with a princely sum of $10,000 in virtual funds, while the MT4 paper trading profile bestows $50,000 in virtual riches.<h2> </h2><h2>Deals &amp; Promotions</h2> Alas, the halls of TD365 do not echo with the cadence of financial rewards or bonus incentives for new or existing retail investors. This policy aligns with the ASIC regulations, signaling that such enticements are not on the horizon. <h2>Regulation &amp; Licensing</h2> TradeDirect365 bears the mantle of regulation by the Australian Securities and Investment Commission, a mantle worn since 2016. This ASIC accreditation endows it with the trust of traders, as the regulatory body imposes rigorous guidelines on its licensees to safeguard the interests of traders. These measures encompass the segregation of clients' funds from the company's capital, a robust anti-money laundering policy, and the provision of negative balance protection to retail investors. Moreover, the ASIC diligently tends to complaints regarding the broker. Furthermore, TD365.com, operating under the umbrella of Trade Nation Ltd, also bears the imprimatur of the Securities Commission of the Bahamas (SCB), specifically under SIA-F216. This entity stretches its arms to embrace traders across the globe, and though it may not bask in the same limelight as the ASIC, its inclusion serves as a promising testament to the broker's credibility. It's essential to note, though, that clients hailing from the USA are not in the fold. <h2>Additional Features</h2> The treasure trove of offerings at TradeDirect365 extends beyond trading itself. The platform showers users with insightful blog posts, each one a beacon of wisdom titled 'The Secrets Of CFD Trading.' These posts delve into specific indexes, illuminate the intricacies of certain indicators, provide information and tips on trading commodities and metals, and much more. As of now, the repository houses a treasure trove of 20 blog posts, each illuminating a unique facet of the trading world. In addition to the written wisdom, the broker's YouTube channel sparkles with eight informative videos. These videos are a boon to traders, offering insights into the art of CFD trading. Topics span from 'how to customize your trading charts' to 'how to place a stop-loss order.' Not leaving any stone unturned, TradeDirect365 has thoughtfully included a glossary page, a sanctuary for the most commonly used investing phrases. Here, traders can decode the mysteries of terms like 'gapping' and 'increment size.' Moreover, they can avail themselves of practical tools designed to empower their trading journey, including dividend projections, upcoming market expiry times, and updates on trading hours. One noticeable absence, however, is the absence of copy trading, a feature increasingly favored by beginners looking to ride the coattails of more seasoned traders. <h2>TradeDirect365 Account</h2> At TradeDirect365, simplicity reigns, offering a single CFD trading account for all retail traders. The differentiating factor lies in the choice of platform: MT4 or CloudTrader, each offering a distinct trading experience. MetaTrader 4For aficionados of MetaTrader 4, here's what you can expect:<ul><li>CFD and FX trading</li><li>24/5 customer support</li><li>Variable spread pricing model</li><li>Minimum order size of 0.01 lots</li></ul> CloudTraderMeanwhile, CloudTrader woos traders with:<ul><li>CFD trading</li><li>24/5 customer support</li><li>Minimum order size starting at $0.10</li><li>Fixed spread pricing model</li></ul> Single Currency CFD AccountOne of the trump cards in TradeDirect365's deck is the single currency CFD account. This unique account wields the denomination of the CFD 'stake,' rather than tying itself to the market being traded. For instance, CFD contracts on the S&amp;P 500 would conventionally be rooted in USD, regardless of the account currency. This novel approach offers a panacea for traders, sparing them the torment of currency conversion fees and the administrative hassles of converting P&amp;L back to their account denomination. Furthermore, users savor the ease of account management based on their home currency, eliminating the need to grapple with foreign monetary values.<h2> </h2><h2>Trading Hours</h2> The heartbeat of daily trading varies, synchronized to the market and asset in focus. Forex pairs typically unfurl their wings from 23:00 to 21:00 (GMT), while stocks and indices follow the cadence of their local markets. Each month, the TradeDirect365 website dons a fresh coat of information, updating clients on market expiries and closures. To keep positions afloat beyond the stipulated expiry, a simple tête-à-tête with the broker's customer support team works like magic. <h2>Customer Support</h2> TradeDirect365 extends its benevolent arms with customer support services available 24/5, spanning from Monday at 7 AM to Saturday at 7 AM (GMT). Communication avenues include email and phone:<ul><li>Email – <a href="mailto:support@TradeDirect365.com.au" rel="noopener noreferrer" target="_blank">support@TradeDirect365.com.au</a></li><li>Phone – 1 800 886 514 (for AU residents) or 61 2 8310 4713 (international)</li><li>Office Address – Level 17, 123 Pitt Street, Sydney, NSW 2000</li></ul> For those who demand immediacy, a live chat service is at your disposal, accessible both through the broker's website and platform. When we subjected the live chat feature to a trial run, a response arrived within a mere two minutes, a performance that holds its ground against alternative brokers. <h2>Security &amp; Safety</h2> Safety is paramount at TradeDirect365. Retail investors are cradled in the arms of a guaranteed stop, a comforting measure that minimizes risks. The MT4 terminal, a citadel of data transmission, fortifies its walls with encryption, making it impervious to the prying eyes of would-be hackers.Additionally, it's prudent to enhance your security measures by implementing two-factor authentication or employing one-time passwords, fortifying your defense on the MT4 platform.<h2> </h2><h2>Pros and Cons</h2> Pros<ul><li>A comprehensive spectrum of investments, with a notable emphasis on Australian stocks.</li><li>No minimum deposit requirement, rendering it a welcoming haven for newcomers.</li><li>Access to the MT4 platform, available on desktop, web, and mobile.</li><li>Low, fixed spreads, ensuring transparent costs.</li><li>Regulation by the ASIC, a stamp of trust and security.</li><li>A free demo account, inviting exploration and learning.</li></ul> Cons<ul><li>CloudTrader's interface lags behind, yearning for a modern makeover.</li><li>Market research trails behind industry leaders.</li><li>The absence of copy trading, a valuable tool for novice traders.</li></ul> The annals of trading history paint a favorable picture of TradeDirect365. It unfurls a wide spectrum of financial instruments, draped in tight and fixed spreads. While its doors are open to clients from across the globe, it is the most hospitable to Australian traders, offering a range of local payment methods. For those with a discerning eye on fees, the most attractive rates are found on Australian trading assets. <h2>TradeDirect365 Broker Details</h2> <img src="https://cdn.forexoverflow.io/images/1697749646251-t7zegy3gywl2ia6-tradedirect365-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

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Dive into our in-depth TradeDirect365 review for 2023. Explore platforms, spreads, and everything you need to know about this leading CFD broker. Uncover the pros and cons, and make an informed decision on your trading journey.

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