FX.co ★ TradeDirect365  - Broker rating, review and comments

About company

TradeDirect365 is a trading name of Finsa Pty Limited which is regulated by the Australian Securities and Investment Commission (ASIC). Forex brokers regulated by ASIC must adhere to strict licensing requirements. First of all, the licensed broker should have at least 1million AUD as its operating capital. Secondly, all clients’ funds must be held in a segregated account with a top-tier Australian bank (Westpac Bank) and cannot be used for the company’s purposes. Despite such strict requirements, some experts do not consider the ASIC a reliable regulator. However, there are not many options left since this is the only supervisory body on the continent, with over 500 companies operating under its regulation.

Trading conditions

• CFDs, Forex, commodities, stocks, bonds, cryptocurrencies, and indices available for trading
• guaranteed Stop Loss orders
• 4 types of trading accounts
• free demo account
• Expert Advisors
• commissions apply
• funds deposit within 1-2 days
• welcome bonus
• analytics advisor
• educational materials, trade courses, and webinars
• glossary with over 60 terms

Trading platform

TradeDirect365 offers its clients to work on two trading platforms: MetaTrader 4 and CloudTrade.

Advantages of МТ4:

• narrow variable spreads
• low commissions
• user-friendly interface
• wide choice of trading tools: one-click trading, customizable charts, expert advisors, and technical indicators
• MQL for coding

Advantages of CloudTrade:

• great variety of markets to trade in
• pending orders, guaranteed stop loss, and automatic stop orders
• over 15 types of charts
• 90 technical indicators and more than 30 graphic tools
• web-based platform
• mobile and tablet app

Support service

With TradeDirect365, customers can reach the support team by phone, email, or via live chat. The support service is available 24/5.

Traders’ reviews

The reviews available on the net are quite contrasting. Some traders complain about slow money withdrawal and point out that real trading conditions differ from those specified on the website. Others praise the broker for a wide choice of trading instruments and an affordable minimum deposit. In any case, we recommend that you thoroughly study the information on the broker’s official website and other sources before making any decision on further cooperation.

Advantages:

• regulated broker
• low minimum deposit
• great variety of trading instruments
• user-friendly МТ4 trading platform
• narrow fixed spreads
• welcome bonus
• free demo account
• Expert Advisors

Disadvantages:

• small leverage
• limited number of payment methods
• commissions apply