TradeDirect365 Review

Richard Montana | May 25, 2022

TradeDirect365 (TD365) is a brokerage company that was set up to provide an affordable and easy way to trade Stocks, Indices, Forex, Cryptos & Commodities. You can trade with TD365 using cutting edge platforms, including the brokers proprietary CloudTrade platform and the popular MetaTrader 4 (MT4) platforms, for web, desktop and mobile devices. The broker offers commission free trading with tight fixed spreads, fast trade execution speeds and leverage up to 1:200. They have a very competitive range of trading products and services that are suitable for clients of all experience levels and trading styles.

Pros / Cons
  • Regulated brokerage firm
  • Large range of trading instruments
  • User-friendly MetaTrader 4 platform
  • Proprietary CloudTrade platform
  • Commission free trading
  • Tight fixed spreads
  • Fast trade execution speeds
  • Minimum $1 deposit
  • Single currency accounts
  • Free demo trading accounts
  • Negative balance protection
  • Segregated client funds
  • Limited market news & analysis provided
  • USA traders not accepted
  • No Islamic accounts

Summary

TradeDirect365 (TD365) is the trading name of Finsa Pty Limited. The broker was founded in 2014 by a professional trader in Australia with offices in Sydney, London and the Bahamas. The brokers main selling point is its fixed spreads and trading fees since it was set up in the light of the founder’s personal trading experience where he was charged excessive trading fees in the past. As an agile trading business, they are continuously looking to tighten their pricing.

TD365 Broker Features

TD365 Broker Features

TD365 offers two trading platforms with the popular MetaTrader 4 platform and its own proprietary web trading platform. Both of the provided platforms are easy to use with an abundance of features and functionalities to cater for new and experienced traders alike. The broker also offers a variety of learning tools including trading articles and video tutorials. This helps emphasise the focus that they put on traders knowledge and skills, to help support informed trading decisions.

TradeDirect365 has more than 900 stock CFDs with underlying assets drawn from the world’s top stock exchanges. It is also possible to trade all these stock CFDs in the base currency of one’s choice no matter the country of origin of the stock exchange. TradeDirect365 was the first broker to offer this service known as ‘single currency trading’.

TD365 Tight Spreads

TD365 Tight Spreads

Whilst the cost saving advantages are a key component of TD365, the support for clients is the brokers primary focus. Traders regularly move from a competitor to TD365 just on the back of the way the support team helps them with their thorough understanding of the market instruments and the trading tools available to clients.

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Regulation

The broker has an Australian entity (TradeDirect365) and global entity (TD365). The main difference between the two is the leverage offered and regulation. I personally wouldn’t have any issue opening an account and trading with either entity. Both are regulated which gives me the peace of mind that they are a broker who can be trusted to operate in an honest and transparent manner.

The Australian entity of TradeDirect365 is a brand operated by Finsa Pty Ltd which is authorized and regulated by the Australian Securities and Investment Commission (ASIC). It has the license number AFSL No. 422661.

TradeDirect365 provides security for its client’s funds by banking them in segregated accounts separate from the company’s own funds. These funds should never be used for hedging purposes or by the broker for the running of its internal operations. The brand also offers negative balance protection which helps to ensure that clients do not lose more than the deposits in their account.

The global entity TD365.com is a registered business name of Trade Nation Ltd (Registration Number 203493 B), which is authorised and regulated by the Securities Commission of the Bahamas (SCB), with license number SIA-F216.

TradeDirect365 primary market is Australia but accepts clients from all over the world excluding residents of the United States, China or Japan and some other countries where restrictions apply. If you find that your country is not accepted, please feel free to browser our broker reviews for an alternative option.

Platforms

TD365 offers two trading platforms. The broker proprietary CloudTrade platform is the preferred choice of clients. It features tight fixed spreads, and the hugely popular “single currency stake size”, where your stake size is always denominated in your local currency. They also offer the industry standard MetaTrader 4, with tight variable spreads.

MetaTrader 4 Platform

TradeDirect365 gives you the option to trade via the popular MetaTrader 4 (MT4), one of the world’s leading forex and CFD trading platforms. MT4 offers you great flexibility, scalability, advanced technical and analytical tools along with automated trading capabilities. You can trade forex, commodities and indices on the platform. MT4 is available for both desktop and mobile devices. The MT4 desktop platform can be downloaded for Windows, Mac and Linux operating systems whilst the MT4 mobile trading app can be downloaded from the Apple store for iOS devices and the Google play store for Android devices. I really like how versatile the platform is. You can seamlessly access your account between devices depending on what is most convenient for you at the time.

TradeDirect365 MetaTrader 4 Platform

TradeDirect365 MetaTrader 4 Platform

MT4 is my platform of choice, primarily because it was the first platform that I learnt how to use when I began trading many years ago. I have never felt the need to switch to anything else as it does everything that I need it to and more. I especially like the automated trading features and fact that MT4 is available through most brokers. If you learn a proprietary platform that is unique to a particular broker, you will need to start from scratch should you switch brokers at a later date. This is another key advantage of MT4. I use the desktop platform for running my trading robots and the mobile app to check the progress of my traders whenever I feel like it.

CloudTrade CFD Platform

The CloudTrade CFD platform is the proprietary forex/CFD trading platform developed by TD365. It comes in two versions; web trader and the mobile version. The web trader version runs on the web browser and requires no downloads or installations. It is always updated and does not depend on operating system. The mobile version is apt for trading on the go. It is designed for iOS/Android devices and can be downloaded from the respective app store. You can trade forex, commodities, indices, stocks and cryptocurrencies on this platform. CloudTrade is the only platform that provides Single Currency Trading Accounts and Fixed spreads. I found it very easy to use and was able to do everything from analysing the charts to placing and managing trades without any issues. I like that it has a modern and intuitive interface that is easy on the eyes.

The CloudTrade platform has a very simple interface that is easy to use. Clients can customize it according to their individual trading preferences. In addition to pending orders, the platform features guaranteed stop losses and automated trailing stop orders. The charting package is powered by ChartIQ; an American based fintech firm that specializes in html charting solutions and general financial software solutions. Over 15 chart styles can be displayed on up to 12 timeframes from 1 minute to 1 month. It comes with over 90 technical indicators and over 30 drawing tools.

The web trader version of the platform can be used on multiple web browsers while the trading app is available on both the Apple store and Google Playstore for mobile phones and tablet devices.

TradeDirect365 CloudTrade Platform

TradeDirect365 CloudTrade Platform

Tools

MetaTrader 4 Trading Tools

All the features on the MetaTrader 4 platform are available to clients of TradeDirect365. These include the excellent charting packages and its huge range of built-in trading tools such as technical indicators, expert advisors (EAs) and scripts. I think there is more than enough tools for most traders. Whichever way you plan on trading, you can easily create a customised template to match your strategy. You can also develop your own customised trading tools using the MQL programming language and MetaEditor interface that is built-in the MT4 platform.

MetaTrader 4 Tools

MetaTrader 4 Tools

There is also the MetaTrader market where you get the opportunity to download free and paid external trading tools which they can use on the platform including trading signals, technical indicators and expert advisors. There are more tools than you will possibly ever need. I often like to browse the market place and try out new indicators to see if they are worth implementing within my trading strategies. Sometimes I will go through hundreds before I find something useful, but it is well worth the effort.

Education

User Guides

TD365 has a number of trading video guides on its website that provides detailed information on how to use the CloudTrade CFD platform. The videos teach some important lessons like ‘how to place a trade’, customizing charts, using stop loss, etc. I think this can be a great place for beginners to start and to familiarise yourself with the brokers platform.

TradeDirect365 Trading Videos

TradeDirect365 Trading Videos

Trading Glossary

This page on the website is dedicated to the listing of CFD terms and phrases as well as their explanations. This is particularly useful for beginner traders. There are over 60 trading terms included within the brokers trading glossary. I appreciated how they are explained in a short and concise manner.

CFD Trading Tips

This section offers more detailed articles on various aspects of trading online. It has around 12 articles which are more of tips on how to become an expert in trading cryptos, how to trade online, CFDs, indices, etc.

FAQ

This is a compilation of commonly asked questions about trading on TradeDirect365. It also includes questions on trading in general so traders can learn from the answers given.

Educational Course

The broker has partnered with world renowned trader and educator, AL BROOKS, to bring you an exclusive educational offer. Al Brooks has developed two Price Action Courses exclusively packaged for TD365. These courses can cost a lot of money so I think it is admirable that the broker is providing clients with lots of helpful content free of charge. It shows me that they care about their traders and want to encourage informed trading decisions.

Beginner Course

Open an account with TD365 and you will receive access to 27 units and 6 ½ hours of content. No need to fund your account – they are happy for you to build or refresh your trading skills before you start.

Advanced Course

For traders who really want to improve their skills to the next level , they are giving you access to another 60 hours of advanced content. Simply fund your account with at least USD500 to qualify.

Markets

TD365 offers a complete assortment of asset classes across the global financial markets. The fixed spreads across all products ensures pricing transparency.

From commodities to stock indices, from FX to individual stocks, as well as cryptocurrencies and bonds, the TD365 product selection will cover your trading needs.

The tight fixed spreads across all products ensures a pricing transparency you rarely find anywhere in the trading world. Your trading costs are reduced to a minimum with thin Bid-Ask spreads, and instant execution helps to ensure a smooth trading experience.

The index trade instruments such as the Australia 200, German 30, and the UK 100 are amongst the most popular on their platforms. The following instruments are available for trading online via the TD365 platform.

TD365 Trading Instruments

TD365 Trading Instruments

Index Trading

TD365 is one of the world’s best value providers for trading global indices. You can trade positions on all the major worldwide indices on the one platform and enjoy no commission on continuous contracts and very competitive fixed spreads.

No more facing widening spreads just when the market starts to heat up and you want to place your trade.

  • Trade UK 100 intra-day at just 0.4
  • Trade SP500 intra-day at just 0.14
  • Trade DE 30 intra-day at just 0.9
  • Trade Wall St 30 intra-day at just 1

Forex Trading

Trading Forex with TD365 allows you to trade the price movement of a currency pair without having to actually purchase any foreign currency. TD365 offers you exceptional value in trading Forex with very tight spreads on the major Forex pairs. You can also trade with 1:200 leverage on a range of Forex pairs, meaning you can trade a position with as little as 0.5% margin requirement.

TD365 also gives you the advantage of fixed spreads. You can trade knowing that the spread on your position will always be fixed for the trading session, and will not widen during peak trading times.

  • Trade EUR/USD at just 0.6 points
  • Trade EUR/GBP at just 0.6 points
  • Trade USD/JPY at just 0.7 points
  • Trade AUD/USD at just 0.6 points

Commodity Trading

TD365 offers you a global reach across all asset classes. Trade commodities on tight fixed spreads, including agricultural products such as wheat and corn, energy products such as oil and gas and metals such as gold and silver.

You can take advantage of low trading costs and trade with 1:200 leverage, meaning you only need 0.5% of the total trade value to open a position. You can also trade the market in both directions and open either a Long Trade (you think the market will go up) or a Short Trade (you think the market will go down).

  • Crude Oil at 0.3 spread
  • Gold at 0.4 spread
  • Silver at 0.2 spread

Cryptocurrency Trading

TD365 offers all the major cryptocurrencies on fixed spreads, including Bitcoin and Ether. You can go long and go short, all in your base currency. Trade Cryptocurrency with TD365 and you can place your trades quickly and easily, with low costs, flexible leverage and tight fixed spreads.

  • Bitcoin at just 30 points
  • Ether at just 1 point
  • Ripple at just 0.24 points

Stock Trading

Trade global stocks with TD365 on a wide range of stocks listed on global markets including UK, US, and Europe. The spreads on US stocks are as low as 2 cents on either side of the market price.

They offer incredibly tight fixed spreads across their entire stock selection. With stock spread trading, you only need to provide a small margin (mostly 5% of the stock value) and you can speculate on the price either going up or going down.

  • com at + 2c on market buy and sell price
  • Apple Computers Inc at + 2c on market buy and sell price
  • Facebook Inc at + 2c on market buy and sell price
  • Unilever (UK Market) at 0.1%

Dividend Projections

When you own a stock the price of the underlying stock will fall on an ex-dividend date, and you will receive the dividend.  When spread trading a stock, the price of the underlying stock will still fall on an ex-dividend date, but you will not receive the dividend as you do not own the stock.  For this reason, TD365 will offset the fall in stock price due to dividends on any Stocks you are trading with them. Each week they publish the estimated price adjustment due to company dividends on each Index.

Accounts

Personal Account

TradeDirect365 offers a standard account for client’s personal use. This account was designed for individual traders.

Corporate Account

This account was designed by TradeDirect365 for corporate entities and institutional traders. These classes of traders deal with large amounts of money which require a robust platform offering that this account supports.

Trust/SMSF Account

TradeDirect365 created this account for trust funds and pension funds which handle money on behalf of employees for their future retirement through their self-managed super funds (SMSF).

Demo Account

There is a demo account that clients can use to learn practical trading, test strategies and get a feel of the TradeDirect365 trading environment. On the CloudTrade CFD platform, demo accounts can be accessed with one click. The demo account is preloaded with $10,000 virtual funds.

Fees

TradeDirect365 offers competitive trading fees and fixed spreads which start from 0.6 pips and 0.8 pips on EURUSD and GBPUSD respectively.

The only trading commission the broker charges is on stock trading which is $5 or 0.07% on stocks valued above $7,150. There is no commission on the other trading instruments.

Support

The customer service department of TD365 is available 24/5, you can contact them at any time from Sunday 10pm and Friday 10pm (UK time). They can be contacted through phone, email, instant web chat or through the ‘get in touch with us’ form on the brokers website.

TD365 client support and trading infrastructure have been developed from real, experienced traders, not just coders and salespeople. From my experience, they were prompt and polite in their responses to a variety of different questions that I put forward to them.

Funding

Bank Transfer

You can deposit and withdraw funds from TradeDirect365 through bank transfer. This is the only method that the broker allows for withdrawals presently. The process takes 3-5 business days for non-Australians while it takes a day for Australian residents. Only Australian dollars can be paid in or withdrawn through this method. There is a charge on international bank transfers up to a maximum of AUD 20. The broker can process withdrawals within a business day using this method but an additional AUD 15 is charged for this option.

Debit/Credit Cards

The broker accepts credit/debit cards for only deposits. Only cards issued by Visa and MasterCard are allowed. Card deposits are processed instantly. Australian dollars, US dollars, British pounds and Euros can be used for payments. TD365 does not charge any fees for credit/debit card transactions but the underlying charges from the card companies will be passed on to the clients.

POLi Internet Banking

Clients can make only their deposits using POLi internet banking which offers online payments. Deposits are usually instant. It is however restricted to Australian residents and the Australian Dollar is the only currency that can be used.

Transferwise

You can make use of the online money transfer service from Transferwise to make deposits on TradeDirect365. However, you can only send the money in Australian Dollars.

Verification of the client’s bank account that is used for payment is needed in order to comply with anti-laundering regulations. Third party payments are not allowed as payments are only accepted from accounts under the same name as the trading account holder.

TradeDirect365 Funding Options

TradeDirect365 Funding Options

Signup

To start trading online with TradeDirect365, you can go to the brokers website and click on the ‘open account’ button. You will be taken to the live trading account page where the links to the account opening forms for the three different accounts namely: personal account, corporate account and Trust/SMSF account. There are links to important documents on the page you can view at your perusal such as ‘client agreement form,’ product disclosure statement, etc.

Clicking on the ‘create your account’ tab for the personal account gets you to a page where you will have to fill an online application form with your personal and contact details, then, click ‘next’. Input your details on the next page which includes source of funds, employment status and tick the various agreements’ checkboxes. Click ‘finish’ to create your new trading account. You will be automatically logged into the clients’ area of the brokers website. From there, you can verify your account, deposit funds and commence live trading only once you feel ready to do so.

TradeDirect365 Broker Account Registration

TradeDirect365 Broker Account Registration

Conclusion

TradeDirect365 is an Australian broker that is regulated, offering clients around the globe competitive trading conditions such as tight spreads, low fees and rapid trade execution speeds. The broker has a low minimum deposit requirement along with a large number of stock CFDs from top global exchanges available to trade. You can also trade Indices, Forex, Cryptocurrency and Commodities.

Clients have the ability to choose between the MetaTrader 4 platform and its proprietary CloudTrade CFD web trading platform. Both platforms support mobile trading via apps for iOS and Android devices.

TD365 Summary

TD365 Summary

TD365 is one of the only brokers in the world that offers Single Currency Stake Trading, while offering fixed spreads at the same time. It is for this reason that they are one of the most cost-effective brokers in the world.

The broker plans to keep delivering on trader help through knowledge and skills transfer as well as ongoing support. This helps differentiate them from sales focused competitors and builds long lasting client relationships. As they continually develop new products and services the key goal is to give clients the best chance of success through low cost and efficient systems.

TradeDirect365 Logo

Min $1 Deposit

TradeDirect365 (TD365) is a regulated broker that offers Forex, Crypto, Indices, Commodities & Stock trading online with very competitive trading conditions, including no commission fees, tight fixed spreads & fast trade execution speeds.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

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