Australian CFD Provider TradeDirect365 Review

TradeDirect365 review reveals lowest fixed spread CFD provider in Australia

TradeDirect365 CFD Provider
TradeDirect365 Review Rating: 4.5 / 5

Reviewer: Stuart Young
Last Updated: 27th May, 2024Array
TradeDirect365 CFD Trading Broker

Review Summary:

TradeDirect365 Review
4.5 / 5 Reviewer
  • Low cost CFD broker ... including Australia's lowest cost ASX share CFDs!
  • Extremely tight 24 hour FIXED spreads on the majority of instruments (including Indices, Commodities and Forex CFD)
  • Lowest live ASX data fee at $27.50/month which is waived after just 2 round trips, or 4 single legs, traded on ASX CFDs in a calendar month
  • First broker in the world to offer traditional CFDs and the new revolutionary Single Currency CFDs
  • Excellent choice for equity CFD traders as their ASX CFDs have low average margin requirements, bid-ask prices match the underlying ASX shares, and all ASX share CFDs offered (over 500) can be traded short
  • Easy to use web trading platform that is great for beginners and experienced traders (& MT4 option)
  • TradeDirect365 does not use client funds for hedging purposes
  • Negative balance protection
  • Founder is one of Australia's most respected professional traders, Davin Clarke.
  • Charts are not as feature rich as other platforms, however we have been advised that new, full html5, charting package being implemented in near future
  • Although great instrument range, does not have options or "exotic" instruments. This however, won't be an issue for most traders.
Our TradeDirect365 review has finally uncovered a top quality, Australian regulated, CFD broker with fair, simple and low cost online CFD trading platforms (the easy to use TD 365 web platform and an MT4 ECN platform option). TradeDirect365 particularly excel in fixed spread contracts for difference (CFDs) segment with incredibly tight fixed spreads on the majority of their products!

Founded & developed by the highly respected professional trader, Davin Clarke, Australia's best value CFD provider has just got even better with the inclusion of an MT4 & MT5 trading platform options. Trade FOREX on the leading MT4 platform with institutional FX spreads.

Index trading

TradeDirect365 is an excellent choice for index traders as their CloudTrade web platform offers extremely tight fixed spreads like the Australia 200 index FIXED at just 0.9 and for European index traders, the platform offers some of the lowest European index spreads available anywhere! For example, trade European indices such as the Germany 40 fixed at at 0.9 point and UK 100 (FTSE100) fixed at just 0.6 point.

TradeDirect365 has also just been awarded as the winning brokerage firm in Peter Thurman’s​​ CFD Broker Review 2020, which reviewed over 30 CFD providers worldwide.

TradeDirect365's Australian Securities Exchange (ASX) share CFD offering is also excellent and will please equity CFD traders for the following reasons:
  • Lowest ASX CFD commission at only $5 or just 0.07% once trade value is above $7,150
  • No dealer spread and the bid-ask prices match the underlying ASX shares
  • Lower average margin requirements on all ASX CFDs, starting from just 5% and the highest margin rate at only 30%
  • Traders can take a long position or short position on ALL listed ASX share CFDs (over 500), as they are all shortable.

TradeDirect365 broker is not suited to those looking tightest Forex raw ECN spreads, they instead specialise in the cheapest fixed Forex market spreads of all brokers compared, however if you want the tightest ECN spreads, please view our Pepperstone review instead.

TradeDirect365 are highly recommended with an easy sign-up process, very easy to use web platform (CloudTrade), MetaTrader (MT4) option available, and the tightest 24 hour FIXED spread CFD & FX trading rates, bar none! Suitable for traders of all levels from beginners through to professional traders.
Range Of Instruments3.8
Speed of Execution4
Trading Platform Features4.4
Ease Of Use5
Customer Support4.6

Review Detail: TradeDirect365 Australian CFD Broker

Why consider TradeDirect365 for CFD Trading?

  • The review of TradeDirect365 has shown they are a strong challenger brand to the established CFD providers by giving Australian contract for difference (CFD) traders a better choice, lower cost and more efficient CFD trading. They are the stand-out lowest fixed spread forex & CFD brokerage firm in Australia.
  • TradeDirect365 was developed by well respected, professional Australian trader Davin Clarke. It came into existence because he was sick of being charged wide and variable spreads, excessive commissions and unnecessary fees.
    In an industry where obscure fees (eg inactivity fees), exorbitant overnight raising of margin requirements and manipulation of prices can be the norm, TradeDirect365 is certainly one that bucks the trend!      

    Stuart Young (reviewer from Online Brokers Australia) with Davin Clarke (founder and CEO of TradeDirect365)
    Stuart Young (reviewer from Online Brokers Australia) with Davin Clarke (founder and CEO of TradeDirect365) during TradeDirect365 review update.

  • TradeDirect365 hold all client funds on trust with Westpac (a tier 1 AA rated Australian bank), on a fully segregated basis and do not use client funds for hedging purposes.
  • Transparent cost with 24 hour fixed spreads – which means that whatever the CFD market is doing, your bid-ask spreads don’t change.
  • TradeDirect365 CFD Broker review | MT4 now available with ECN pricesMT4 and MT5 platform option now available with institutional FX spreads and some of the lowest European index spreads available anywhere! This is a fantastic feature mix and is certainly cheaper than their competitors (those trading the DAX and FTSE index MUST check out TradeDirect365’s fixed spread rates on these very popular indices).
  • From your TradeDirect365 CFD account, you’ll have access to Australian (ASX), US, European and UK share CFDs, global indices, global currencies and a range of commodities.
  • The TD 365 web trading platform was designed with simplicity and ease of use in mind, while not losing functionality.
  • Opening a trading account with TradeDirect365 is very easy. It literally takes a couple of minutes and they won’t make you jump through a whole lot of hoops to do it. Opening a demo account is simply 1 click, it couldn’t be any easier.
  • Just $25 minimum amount required to open an account
  • Licensed CFD and FOREX broker in Australia. TradeDirect365 Pty Ltd is a registered trading name of Trade Nation Australia Pty Ltd (ACN: 158 065 635) which holds an Australian financial services licence (AFSL) No. 422661 and is regulated by the Australian Securities & Investments Commission (ASIC).

Standout Pricing & Features

TradeDirect365 have an excellent offering, both on price and trading features, for ASX CFD, Forex and Index traders!

  • Lowest ASX share CFD commission at only $5 or just 0.07% once trade value above $7,150
    This is 30% cheaper than IG Markets, which is listed as Australia’s largest CFD provider
  • ALL listed ASX share CFDs (over 500) can be traded short.
  • Lower margin requirements on all ASX CFDS starting from just 5% and the highest margin rate at only 30%. (Source: TradeDirect365 ASX CFD Margins and GSLOs document)
  • ASX Data fee is AU$27.50 per calendar month. This data fee is fully rebated if you make 4 single leg trades (or 2 round turn trades) on any ASX share CFD within a calendar month.
  • Web platform has tight 24hr fixed spreads, with NO commission, on FOREX (eg fixed 0.4 pip AUD/USD)
  • Some of the best spreads I’ve ever seen on a variety of instruments, such as Germany 40 fixed at 0.9 point, UK 100 fixed at 0.6 point and, FX ECN spreads from 0.1 pip with a commission of just 30 cents per mini contract ($10,000) or $3 per full size FX contract ($100,000)! Micro lots also available.
  • TradeDirect365 have also just been awarded as the winning brokerage firm in Peter Thurman’s​​ CFD Broker Review 2020, which reviewed over 30 CFD providers worldwide.

TradeDirect365 Single Currency CFD Trading

The benefits of single currency CFDs include:
  • No converting profit or loss from a foreign currency to your base currency;
  • No swap or currency conversion fees; and
  • Traders know their exact dollar risk amount in their base currency without performing additional calculations.

TradeDirect365 are the first in the world to offer this unique product with clear benefits. Below is an example of how this works:

TradeDirect365 Single Currency CFD trading example

To enable Single Currency CFDs, simply go to your Account Summary section and add an account type. Select CloudTrade Single Currency Trading. It really is this easy!

Professional Traders – Wholesale Trading Account

The Professional (or “Pro”) account offered by TradeDirect365 is a trading account which offers additional benefits above the retail account such as access to higher leverage up to 200:1, a lower margin close out level of 20%, Dedicated Account Manager, Monthly cash rebates (T&Cs apply) and more, if you qualify as “wholesale clients” under Sect 761G of the Corporations Act of Australia.

TradeDirect365 Pro Account Leverage

If you qualify for a TradeDirect365 Pro Account, you’ll have access to the higher leverage shown in the table below which is not available to retail clients.

TradeDirect365 Professional trader account leverage

Pro Account Eligibility

TradeDirect Pro accounts are ONLY available to professional clients. This is an Australian Australian legislative requirement with strict adherence.

If you satisfy the requirement of ONE of the two tests below, you could be eligible for a TradeDirect365 Pro account:

Professional trader test - Sophisticated/Accredited investor and/or Wealth tests

Review of TradeDirect365’s Key CFD Trading Advantages

Low Cost CFD Accounts with cheapest ASX CFDs


TradeDirect365 Provides Two Trading Platforms

TradeDirect365 provides two platform options… the incredibly easy to use TD 365 CloudTrade CFD trading platform, plus an MT4 trading platform option.

TradeDirect365 CloudTrade CFD Platform Review

CloudTrade CFD Platform

CloudTrade is TradeDirect365’s web-based (with mobile app) CFD trading platform.

This account offers very tight fixed spreads, 24/5 over all of their Index, Forex, Commodities, Stocks and Cryptocurrency CFDs.

MT4 Trading Platform

TradeDirect365 MT4 Trading Platform Review

Trade Direct 365 second platform is MetaTrader 4 (MT4), arguably the world’s most popular trading platform.
Their offering comes with a comprehensive set of features, including Expert Advisors (EAs).

Tight variable spreads are combined with incredibly low commission of $1.50 per side (for a full lot) across foreign exchange, commodities and indices.

Compare CFD Trading Platforms

Compare TradeDirect365 CFD trading platforms

TradeDirect365 Broker FAQs

TradeDirect365 offer three CFD trading platforms:
  • CloudTrade Web Platform – An easy to use CFD platform for beginners;
  • MetaTrader 4 (MT4); and
  • MetaTrader 5 (MT5).
Click to compare TradeDirect365’s CFD trading platforms.

Yes. TradeDirect365’s key point of difference is tight fixed spreads on their CFD instruments.
Click here to see how they compare with other CFD providers!

You’ll find the best review sites have the following, simple to confirm, characteristic … they are NOT run by “faceless” reviewers, hiding behind web site privacy and the anonymity of the internet.

Stuart Young - Online Brokers Australia Reviewer and FounderStuart Young (Founder) draws on over 10 years trading experience in his broker reviews. Experience from prior roles in a trading room and working for an Australian brokerage firm complement his hands-on, in-depth experience in the Contract for difference trading industry.

Don’t take a leap of faith opening a CFD trading account when you don’t know who has written the review, or more importantly, their credentials!
Click to read Stuart Young’s full TradeDirect365 review.

Trade Direct 365 offer three key types of trading account:

Currently there are none available.

TradeDirect365 CFD trading reviewed | cheapest fixed spreads

Contracts for Difference (CFDs) are a complex, leveraged financial product. They require certain levels of experience and therefore might not be appropriate for everyone. Trading CFDs carries a high level of risk to your capital and can result in financial losses which may exceed your initial deposit. Please ensure you understand all the risks involved.
If you consider opening an account, or obtaining any of the financial products listed on this TradeDirect365 review web page, you should always read the Product Disclosure Statement (PDS) and other offer document/s before making any investment decisions. If you are unsure of the risks, or have any doubt whether you have sufficient financial resources or experience to trade these products, you should take professional advice before opening any opening a CFD trading account with TradeDirect365.
Last Updated: 27th May, 2024
Your capital is at risk. Forex & CFD trading can result in losses that exceed your initial deposit. Please ensure you fully understand the risks involved.