TradeDirect365 Review: Trading FX and CFDs with Confidence

Is TradeDirect365 a safe trading solution? The answer to that question is hidden in our TradeDirect365 review! If you’re considering TradeDirect365 for your CFD trading needs, let’s take a closer look at what this broker has to offer. 

TradeDirect365 Legitimacy and Company Details

Back in 2014, a proficient trader named Davin Clarke founded TradeDirect365 (TradeNation). Today, they’re known for offering competitive spreads on FX, indices, and commodities. But what’s vital to note is their regulatory status. 

They’re regulated by ASIC (Australian Securities and Investment Commission). Also, they hold an Australian Financial Services Licensee (AFSL). Besides, they’ve earned the approval of the Securities Commission of the Bahamas (SCB). These regulatory bodies guarantee that your trading experience is safe, and that’s a big plus!

A Selection of Trading Assets

TradeDirect365 offers a treasure trove of over 500 trading assets for you to explore. Here’s a quick breakdown:

• Crypto – You can check out coins like Bitcoin and Ethereum.
• Commodities – Speculate on the prices of gold and silver, or get involved in the oil market with US Crude Oil and UK Brent Crude Oil.
• Indices – Track global economic trends by trading in major indices such as the Wall Street 30, Australia 200, UK 100, and Germany 30.
• Forex – There are over 30 major, minor, and exotic currency pairs. From the EUR/USD to USD/JPY and AUD/USD, you’ve got plenty to choose from.
• Stocks – Invest in some of the world’s most renowned companies, including Amazon, Deutsche Bank, and CommBank. With over, 200 UK and US stocks, 400 Australian stocks, and 100 European stocks, you’ve got a vast selection to explore.

Keep in mind that the availability of these assets can vary based on the platform you decide to use. So, whether you’re a crypto enthusiast or a stock market aficionado, TradeDirect365 has a solid range of options for you.

Trading Platforms at TradeDirect365

Now, when it comes to trading platforms, TradeDirect365 gives you two choices – MetaTrader 4 (MT4) and CloudTrader. MT4, developed by MetaQuotes Software, is UI-friendly and comes with a set of solid technical indicators. 

On the other hand, CloudTrader stands out with its fixed spreads, lower commission fees, and the extra perk of trading stocks and crypto. 

TradeDirect365 Fees and Trading Conditions

Let’s talk numbers and fees. The trading environment here isn’t one-size-fits-all. CloudTrader, for instance, has fixed spreads, which can be a real comfort during turbulent market conditions. MT4, on the other hand, follows a floating spread system, which is typically favored by more experienced traders. 

To put it into perspective, CloudTrader offers an attractive fixed spread of 0.9 pips for ASX200, while MT4 starts at 1 pip. For the EUR/USD currency pair, CloudTrader offers 0.6 pips, while MT4 goes even lower at 0.3 pips.

But here’s the thing – there are some additional fees to consider. For CloudTrader, you’ll face a commission fee of $5 or 0.07% for stocks valued above $7,150. With MT4, it’s $1.50 per lot. If you’re into Australian share CFDs, there’s a monthly fee of AUD$27.50. Don’t forget the swap fees for overnight positions! These are calculated using the interbank interest rate plus a 2.5% finance fee. For a full breakdown of fees, you can check out their web page.

TradeDirect365 Leverage

Leverage can be a powerful tool in trading, but it’s important to use it wisely. Day traders at TradeDirect365 can access leverage up to 1:30, which aligns with the regulations set by ASIC. 

If you’re a proficient trader, you’ll have the chance to go even higher, up to 1:200. Just remember, while leverage can boost your gains, it can also magnify your losses, especially if you’re new to trading. So, proceed with caution.

Remember: Stay safe with your finances by not using suspicious brokers like Bex500.

Account Classes

Opening a TradeDirect365 Pro account comes with some solid benefits. These include monthly cash rebates (up to AUD 5000), access to higher leverage, and a lower margin close-out level set at 20%. The terms and conditions are your go-to for all the nitty-gritty details about these cash rebates.

And what about the Tradedirect365 demo account? They have that option! You can go to the Tradedirect365 login page and check the simplicity of their platform. 

Note: Forex500 has nothing to do with Plus500. They are a clone you should avoid. 

TradeDirect365 Withdrawal – Payment Methods

TradeDirect365 keeps things accessible by not imposing a minimum deposit requirement. You have a variety of deposit methods to choose from, including POLi, bank transfers, cards, and TransferWise. 

There’s one thing to keep in mind though – all payments must be made in AUD. If you’re an international customer opting for bank transfers, you may see currency conversion fees. Also, be prepared for a slightly longer waiting period for deposits. They go from 3 to 5 working days for non-Australian citizens to just 1 working day for traders within Australia.

Now, when it comes to withdrawals, TradeDirect365 offers a single method – bank wire transfers. But here’s the thing – there’s a withdrawal fee of AUD 15, which might seem a lot compared to what some other brokers charge. On the bright side, withdrawals are often processed within one working day.

Trader Feedback on Trustpilot

Checking out what other traders have to say about a broker can provide useful insights. This is a fact! TradeDirect365 has an average star rating of 3.7 on Trustpilot. 

It’s not quite a perfect score, but it’s also not bad either. Remember that reviews can be subjective, so it’s a good idea to consider them with other factors.

Note: Please avoid shady brokers like 10Trading. Keep your money safe and enjoy your trading. 

Can You Profit From Online Trading?

This is the million-dollar question and the answer is yes, you can make money from trading. Still, it’s important to approach it with the right knowledge. We are here to help with free consultations and our new AI Analysis Bot, which truly helps you make smarter and more profitable trading choices. 

Just bear in mind that while trading can lead to profits, it’s not without its risks. Your choice of leverage should align with your risk tolerance and learning of market dynamics.

Final Words

TradeDirect365 is a regulated broker that offers many assets and solid platforms for different traders. Fees and withdrawal options are factors to keep on your radar. 

Reviews from other traders can offer valuable insights, but always conduct thorough research before choosing a broker. Remember that trading involves risks, so trade wisely, and best of luck on your trading journey!

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