April 2019 Featured CFD Broker TradeDirect365
Founded by professional Australian trader, Davin Clarke.
Davins long experience in the online trading industry is reflected not only in the operational side of the brokerage firm but also in the pricing offered.
TradeDirect365 does not use client money for hedging or any other operational purpose.
After trading for a month, traders simply email support to claim their bonus.
Stuart Young (reviewer from Online Brokers Australia) performs a review of CFD broker TradeDirect365 with Davin Clarke (Founder & CEO of TradeDirect365).
Incredibly tight fixed spreads! Below is an example of the CFD fixed spreads offered on instruments many experienced and high volume traders use:
Large variety of CFDs to trade, including fixed spread cryptocurrency CFDs.
Single Currency Trading account available. The benefits include no converting profit or loss from a foreign currency to your base currency, no swap or conversion fees, and traders know their exact dollar risk amount in their base currency without performing additional calculations.
MT4 platform available in addition to their very easy to use TD365 platform.
Australian regulated, CFD broker with fair, simple and very low cost online CFD trading accounts
. MT4 platform is available and the very easy to use TD 365 trading platform with the option for single currency trading. TradeDirect365 particularly excel in fixed spread contracts for difference (CFDs) segment with incredibly tight fixed spreads on the majority of their products!
The key mission ofOnline Brokers Australiais to make it easier for traders and investors to easily find a quality, Australian regulated, online broker who meets their needs.
This sounds as if it should be relatively easy, just look at a brokers web site and see if it suits the trading needs you have. As anyone who has already tried to do this knows, its not that easy!
Brokerage firms generally have a wealth of information on their web sites. The trouble is that sometimes there is so much information on their site that it becomes onerous to simply find the key facts you are looking for. Online Brokers Australia not only independently review each broker with a stringent set of criteria before they are even listed on the web site. If a brokerage firm doesnt meet our initial stringent requirements test, then we simply wont list or review them. Its that simple!
The effect of this policy is that brokers who are listed on the review and comparison site have met the initial requirements prior to being fully reviewed and classified.
To put it simply, we dont want to overwhelm readers with lists and even reviews of every broker in the financial markets.
Instead we provide a list of brokers that are:
Have met the initial requirements test prior to progressing to the review stage;
Have a key point of difference to the other brokers listed on our site. This is very important and while subjective, the aim is to ensure that any new broker reviewed and added to the site provides a clear alternative or key point of difference to the other brokers listed in their category;
An aggregate rating based on 5 key criteria that are critical aspects of trading through an online broker;
Suggestions on the type of trader or investor a broker or financial service provider might be most suited to.
The short video below sums up how we achieve our mission.
Stuart Young founded Online Brokers Australia in 2014 and is the reviewer of every brokerage firm or online trading product/service listed on the site.
Stuarts extensive experience in the online trading and financial services industry for more than a decade shows through in the reviews. He is a:
was previously chief moderator in Global Trading Tools trade room, providing training & coaching to traders of all levels, from entry level through to ex-bank traders;
has worked previously for an online broker and so understands the inner workings of brokerage firms and how they truly operate;
has a graduate diploma in Economics from Griffith University (GDip Econ);
In our belief that transparency is critical for any leading review and comparison site, please viewStuart Youngs LinkedIn profilefor more details on his extensive experience in the online trading industry.
How Do You Differ From Other Popular Review Sites?
– Online Brokers Australia is NOT run by faceless reviewers, hiding behind web site privacy and the anonymity of the internet! Stuart Young, Founder & Reviewer, is extremely proud of not just our online trading reviews, but our reputation in the brokerage industry;
– Brokerage firms have stated that they were pleasantly surprised to actually meet with the reviewer in person, as this is not common in the industry;
We list average spreads in trading account comparison tables
– It is a mandatory requirement for any derivatives provider we list to make their average spreads, not just the typical marketing hype from spreads, publicly available. This is the ONLY way to make an informed decision on the costs of trading with a certain brokerage company;
Stuart Young has 12+ years of experience in online trading both as a trader and previously working for a brokerage firm
. In addition, he has a GDip in Economics and was previously chief moderator with industry respected trader Davin Clarke, in their Global Trading Tools online trading room. This gives Stuart a unique perspective and invaluable experience from both sides of the trading fence;
– Our site does not provide an overwhelming list of brokers to choose from. We appreciate that choosing an online stock broker, CFD provider or FX broker can be a daunting task. This is made ever more complex by the overwhelming amount of information provided on some brokerage firm web sites. Our aim is to simplify the selection process by only listing a couple of brokers in each category who show a clear point of difference and meet our stringent initial requirements test; and
We have an excellent relationship with the brokers on our site
– Mutual respect is critical to providing a win win outcome for all involved with our business. This is includes readers of our reviews. Our relationship with the brokerage companies is built for the long-term. As Stuart talks to them on the phone, has visited many in person at their Australian offices, and is a respected trader himself, this has built a solid mutually respectful relationship.
This is an excellent question and one every single trader or investor who reads online reviews should always ask!
There are so many faceless brokerage review sites where traders dont even know who has reviewed the firm and what their experience or credentials in the online trading and broking industry are. An online trading account not only holds your open trades or positions but any cash left in the trading account. Why make such an important decision based on any online review where you can not even tell who actually wrote it, let alone the credentials and experience they have in the trading and brokerage industry.
At Online Brokers Australia we do things a little differently and were proud of it!
As stated in the prior FAQ, Stuart Youngs, Online Brokers Australias founder and reviewer, has extensive experience in the online trading and financial services industry for well over a decade. This experience is crucial in understanding the hard questions from the brokers and collating the information that traders really need to make such an important decision;
We now visit many of the brokers in person! As of 2018 and moving forward we actually go to the brokerage firms office and meet them in person.
In 2018 alone we have visited the Australian offices of the following reviewed companies:
This will continue through out 2019 with further one-on-one visits planned and keep an eye out on the review pages as well add a photo from our visit ?
It is a mandatory requirement for any Forex broker or CFD provider providing financial derivatives to make their average spreads, not just from spreads, publicly available. The brokerage firm must either display the average spreads on their own company web site or submit in writing their average spreads for the financial instruments requested by our reviewer, along with written confirmation that these trading spreads can be published on the review site. This is another area where we differ significantly from the vast majority of existing online broker comparison and reviews in Australia.
By only displaying from spreads in their comparisons, our competitors are not providing a holistic picture of the potential costs associated with trading at a specific broker. It also ensures our online trading account comparisons are comparing apples for apples, not just a figure that is generally known as a marketing tool (i.e. the from spread).
This advice relates to an investment or trading service/product. Im sure almost everyone reading this has heard advertising by property developers stating, land from $$ or house and land packages from $$. All this tells you is the absolute minimum price you can possibly pay. As we all know, this will generally be for the smallest block or worst position in the estate, and the vast majority of other properties in the development will cost you significantly more to buy.
Asking what the average price for the whole estate would give a much more accurate representation of the potential costs / fees / charges you need to factor in.
The exact same logic applies to the trading spreads (the difference between the bid and ask spread). Providers of derivatives for online trading often display only the from spread in their advertising or marketing. While trading the EUR/USD from 0 pip spread sounds attractive, in reality, traders will not receive a spread of zero every time you place a trade in their platform, and the more representative figure of what your trading costs will be is knowing the average spread for the instrument, in the trading account you are considering. Essentially this is price you will pay on average to trade (buy and sell) that instrument, and therefore wealways display the average spreads in our comparison tablesfor derivatives accounts.
We strongly suggest if the broker review or comparison youre considering does not display or comment on the average spreads in their CFD / Forex trading Australia reviews & comparisons then you are not able to make a fully informed decision as to which is the best trading account for your own needs.
Yes. Our site is dedicated to Australian traders and it is a mandatory requirement that any online broker listed or reviewed on the site is Australian regulated. If your brokerage firm does not have a current Australian Financial Services Licence (AFSL) please do not inquire about being listed on this web site.
A fullForex brokerAustralia list can also be found on our Online Brokers Directory partner site.
Contracts for Difference(CFDs) &Forex(Foreign exchange) are complex, leveraged financial products and requires a certain level of experience, so may not be suitable for everyone.CFDandForex tradingcarries a high level of risk to your capital and can result in losses that exceed your initial deposit.
Online Brokers Australiareviewsand comparisons are conducted independently, however brokerage firms / financial service providers, including their online trading platform or products listed on this web site may not suit your financial situation, personal objectives or needs. See fullRisk Disclosure.
If you are considering any financial product, you should always read the relevant Product Disclosure Statement and/or other offer document/s prior to making any financial decision. 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 trading online.
Online Brokers Australia is a stock, CFD & Forex broker comparison, and reviews company. We only list ASIC regulated brokers. Please see our About page to learn more.
Online Brokers Australiais an information service covering a variety of brokers and products for trading online. By browsing this web site and / or using our help or search tools, youre asking Online Brokers Australia to supply you with information about products available from multiple brokerage firms or financial institutions. We however do not cover every online broker or trading platform available in the market. Every attempt is made to ensure information published is correct and up to date, however no guarantee or warranty is given as to its accuracy or reliability. When clicking on an Open Live Account button, you will have an opportunity to review the products terms & conditions on the provider or brokers web site.
The broker rating displayed is only one factor to take into account when considering these products. We are not a brokerage firm, and in providing you information about brokers and online trading products, are not making any suggestions or recommendation to you about a particular firm, product or trading account. Online Brokers Australia may receive a commission, referral fee or payment from a provider when you click on a link to their brokerage firm. All reviews are conducted independently.
The online brokers, products and services included on this website may not suit your financial situation, personal objectives or needs. It is therefore important you consider if it is appropriate for your personal circumstances before making any investment decision, or apply for an online trading account. We strongly recommend you seek independent accredited financial advice before acting upon any information published on this website, or on 3rd party sites you may have visited by clicking links published on Online Brokers Australia comparison site. The use of the terms Best, Featured, Popular or Recommended are not product ratings, & are always subject to ourTerms & Conditions. If you are considering acquiring any of the financial products listed on this web site, you should always read the Product Disclosure Statement (PDS) and other offer document/s before making any investment decisions.