Take advantage of some of Australia’s lowest CFD rates and an effective trading platform with TradeDirect365
TradeDirect365 is an easy-to-use CFD (contracts for difference) broker platform. It offers investors the opportunity to trade using CFDs on Australian, US, European and UK shares, indices, commodities and currencies.
Created by traders to suit the needs of other traders, TradeDirect365 is led by CEO and executive director Davin Clarke. Designed to make trading CFDs and forex as simple and efficient as possible, TradeDirect365 also aims to make the whole process much cheaper. With low commissions and no complex pricing plans, you can benefit from their low fee structure. In fact, a low $5 commission applies when trading CFDs on Australian stocks.
All trades can be executed quickly and precisely, and all client funds are held on trust with Westpac for added security and peace of mind. While TradeDirect365’s trading platform is user-friendly and intuitive, there’s also a wealth of online resources in the company’s education centre to help you improve your trading skills.
What can I trade with TradeDirect365?
TradeDirect365 offers an extensive range of trading options such as CFDs on Australian, US, European and UK shares, indices, commodities and currencies.
The full list of trading options is extensive, but here some of the most popular markets:
- Australia 200
- Australia SPI Direct
- Japan 225
- US SPX 500
- Wall Street
- US Tech 100
- UK 100
- Germany 30
- Australian shares equity CFDs
- US shares equity CFDs
- European shares equity CFDs
- UK shares equity CFDs
What are the features of TradeDirect365
The TradeDirect365 trading platform provides live prices for the markets it quotes. This data is easily accessible through the trading platform’s ‘price window’.
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 back testing tools and interactive tutorials.
TradeDirect365 allows you to lodge trades both online and over the phone. 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.
TradeDirect365 allows you to place limit orders, market orders and stop orders. Guaranteed Stop Loss Orders are also available if you wish to manage your risk.
As mentioned above, TradeDirect365 gives users the opportunity to trade using CFDs on Australian, US, European and UK shares, indices, commodities and currencies. An exhaustive list of trading options can be found on the company’s website.
Fast and precise trading
The trading 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.
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.Back to top
TradeDirect365 Service levels
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:
- Joint account
What support/information is available with TradeDirect365?
TradeDirect365 offers information, 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.
What are the fees when using TradeDirect365
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:
- Australian share CFDs. A 0.07 per cent commission applies (a minimum of $5 per transaction).
- Forex. 24-hour fixed spreads and no commission on Forex 0.8 pip AUD/USD, EUR/USD and USD/JPY.
- Commodities and indices. Tight 24-hour fixed spreads and no commission.
- ASX live data fee. This monthly charge costs $27.50 but it can be waived if you satisfy certain trading requirements.
What are the pros and cons of using TradeDirect365
- Low fees. TradeDirect365 prides itself on charging low fees and commissions. For example, a $5 commission applies to CFD trades on Australian stocks, or a 0.07 per cent commission for trades more than $7,150 in value.
- Over 500 ASX shares. While many other CFD platforms offer a limited amount of stocks that can be traded short, TradeDirect365 offers more than 500 ASX shares.
- Easy to use. The TradeDirect365 trading platform is intuitive and makes trading quick and simple.
- New company. There are more established names in the CFD trading market and some customers may feel more secure dealing with a bigger company with a long history in the business. However, TradeDirect365 is a ‘challenger’ company set up to offer a better deal for traders.
How do I apply for TradeDirect365?
If you want to open a TradeDirect365 account, click the ‘Open Live Account’ link from the company homepage. You will then need to select whether you want to open a corporate or trust/SMSF account, or if you want an individual account.
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.
Please note that trading CFDs carries a high level of risk and is best left to experienced traders.