- Ability to trade Australian stock market CFDs
- Choice of platforms
- Cheap brokerage
- Trade over phone or online
Not so great for
- CFD trading carries risk
- Not the lowest spreads on the market
Disclaimer: Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider's PDS and consider the risks before trading.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
|Type of broker||Online|
|Available markets||30+ currencies, commodities, cryptocurrency, index CFDs, and stock CFDs|
|Minimum Spreads for Major Currencies||0.8 - 3.0 pips|
|Minimum opening balance||$0|
|Minimum Trade Size||0.1 lots|
|Support||Phone, email and live chat|
Designed to make trading CFDs and forex as simple and efficient as possible, TradeDirect365 also aims to make the whole process cheaper. With low commissions and straight forward pricing plans, you can benefit from their low fee structure. In fact, a low $5 commission applies when trading CFDs on Australian stocks.
TradeDirect365 were founded in 2014, with the goal of providing clients an up front, low commission CFD trading option. They offer tight, fixed spreads on the share market CFDs and forex markets that they offer.
Regulated by the Australian Securities and Investments Commission, with clients funds held on trust with Westpac for added security, traders who choose TradeDirect365 can have an added peace of mind that their funds are safe.
Some of the key features of trading CFDs with TradeDirect365 are:
You can trade CFDs on Australian, US, European and UK individual shares. Through the CloudTrade platform, access fixed spread, CFD trading with some of the cheapest commissions in the industry.
TradeDirect365 also allows you to trade forex, indices, commodities and cryptocurrency CFDs via the popular MetaTrader 4 platform. How and where you trade is flexible and up to you as you can log into either account by using the same login.
One of TradeDirect365's points of difference is that they allow clients to place trades both online via one of their CFD trading platforms, but also over the phone. Not many CFD or forex brokers offer this option, so it's a massive selling point if that's how you want to conduct your business.
If you need help, you can choose from the live chat option or 24/7 phone and email support. The company also offers dedicated apps for iPhone, iPad and Android devices.
Both of the TradeDirect365 CFD trading platforms provides live prices for the markets it quotes. This data is easily accessible through the trading platform's price window. You can clearly see spreads, quotes and even tick data, all side by side.
The CloudTrade platform is powered by the Swan System, which is used by many of the world's leading trading platforms and is perfect for exercising fast trades.
TradeDirect 365 is regulated by the Australian Securities and Investment Commission (ASIC) in Australia. Known as one of the most trustworthy and strict regulatory bodies in the world, their oversight ensures TradeDirect365 meets their required capital requirements, are following correct compliance guidelines and offer a course of action for clients who feel aggrieved.
Furthermore, all client funds are held on trust with Westpac for added security and peace of mind.
TradeDirect365 allows you to set up watchlists to keep track of rises and falls across a wide range of markets. This allows you to keep abreast of developments and make trades at the right time.
TradeDirect365 users can take advantage of technical analysis through the company's charting package. This includes a huge selection of customisable technical indicators, free email alerts, free backtesting tools and interactive tutorials.
TradeDirect365 offers an extensive range of CFD and forex trading options. At the top of this list is CFDs on Australian, US, European and UK shares, as well as forex currency pairs, indices and commodities markets.
The full list of trading options are extensive, but here some of the most popular markets available to trade with TradeDirect365:
CFD broker TradeDirect 365, offers traders the choice between two trading platforms.
While the CloudTrade platform is user-friendly and intuitive, if you find that you need more help or information, there's also a wealth of online resources in the company's education centre to help you improve your trading skills.
While many CFD trading platforms offer a range of complicated membership levels and pricing plans, TradeDirect365 makes its features and services available to all users.
You have the option of opening one of the following account types:
But no matter the account, trading conditions, spreads and access to trading platforms are consistent across the board.
TradeDirect365 offers a number of education and support options to users. Free comprehensive how-to guides and videos can be accessed through the company's website to provide simple, step-by-step instructions for all aspects of the trading process. There's also an FAQ section and handy glossary of terms to help you understand some of the finer aspects of trading CFDs and Forex.
If you need further assistance, TradeDirect365 offers 24/7 phone and email support. There's also a live chat option to offer immediate help with your trading queries.
One of TradeDirect365's key selling points is its low fees and commissions, which allow you to keep more of your trading profits for yourself. The following fees and charges apply:
It's worth noting that if you're trading ASX share market CFDs, you're going to need to access live data from the ASX. This is a monthly charge of $27.50, but it can be waived if you satisfy TradeDirect365's volume requirements.
If you want to open a TradeDirect365 CFD trading account, click any of the 'go to site' buttons on this page and fill out the forms on the broker's landing page. You will then need to select whether you want to open a corporate or trust/SMSF account, or if you want an individual account. Make the decision that applies to your own circumstances.
For individual accounts, you'll need to be over 18 years of age and indicate that you are aware of the risks involved with trading CFDs on margin. You'll also need to declare that you are not a resident of the United States of America. Once you've provided your name, date of birth and contact details, you can then follow the steps to set up your account. The minimum deposit is $500 and this will need to be made before you can start trading.
We rate the fees and features of both online brokers.
Invest in global currencies with help from experienced relationship managers (coming soon).
New rules impose restrictions on CFD leverage including a 20:1 cap for forex and 5:1 for stocks.
SPONSORED: Work (and play) from home stocks Kogan, Domino's and Breville are among the top performing large-cap Aussie stocks this year.
SPONSORED: October is historically the most volatile month of the year – here's why this year might be the wildest yet.
Dabble offers $0 brokerage on US stocks plus automated investments from as little as $1.
Trade ASX shares and ETFs with commissions starting at $8.
SPONSORED: You often hear people talk about whether the ASX200 is up, down or flat. So, why is it such a big deal?
CMC has become Australia's fourth broker to launch commission-free trading in 2020. Here's how it stacks up to the others.
Winner, finalists and methodology for Finder Awards 2020 Best Share Trading Platform (Features).
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.