We are one of Australia’s Best Value CFD Providers

At TradeDirect365, we believe that lower trading costs = better returns to clients (all else being equal) and that all CFD brokers should be upfront about their trading costs (many are not!). We want to lead the charge in this area – we offer a transparent and upfront pricing approach, so our clients know exactly how much they’ll be charged for every trade.

How Do We Compare?

 

• Australia 200
• ASX Stocks
• Wall St 30
• Germany 30
• UK100
• Spot Gold

• 0.9
• $5 or 0.07%
• 1
• 1
• 1
• 0.3

CMC Markets

• 1*
• $7 or 0.09%
• 1.4*
• 1*
• 1*
• 0.3*

IG Markets

• 1
• $8 or 0.10%
• 1.6
• 1
• 1
• 0.4*

Saxo

• 1
• $6 or 0.10%
• 1.4*
• 1*
• 1*
• 0.6*

City Index

• 1
• $5 or 0.08%
• 1.6
• 1
• 1
• 0.3*

* = Variable spreads (all other spreads are Fixed).  All figures highlighted in the table can be found on the websites of respective brokers (as at 18 July 2018). 

From the table above, you can see that we are one of Australia’s best value CFD brokers – and we’re only getting started! The table only compares a couple of popular markets, however we’re sure you’ll find us more than competitive across the board.

Trading Cost Considerations;

• If it sounds too good to be true…
  Does a broker claim things such as “FX spreads from 0.2 pips” or “Trade from as low as 0.6pts” etc? Claiming they offer the lowest spreads in the industry is great but will you ever get spreads that low…. Unlikely!

• Fixed or Variable spreads?
  Does a broker charge fixed or variable spreads? This is crucial – more on this below.

• Commission Fees?
  Do they charge commissions? How much? Most brokers will only charge a commission fee on stock CFD trades – but please confirm with your broker.

• Unnecessary Fees
  Some brokers are particularly well-skilled at adding on additional, unnecessary fees. Be wary of things like;
  • Inactivity fees (yes, seriously, some brokers do charge this!)
  • Account maintenance fees
  • Phone trading order fees
  • Account closure fees

What’s The Difference Between Fixed and Variable Spreads? 

As the name suggests, fixed spreads remain constant and do not change throughout the day, even when there is market volatility. With fixed spreads you will know how much you’re going to be charged each time you trade.

Variable spreads, on the other hand, do not remain constant and change throughout the day. One minute a broker may offer a 1pt spread, the next minute the spread might be 3pts – greatly increasing your trading costs. Be wary of CFD brokers that offer “spreads from” (i.e. “trade AUD/USD from 0.2 pips“) or “minimum spreads” (i.e. “trade AUD/USD, our minimum spread is 0.2 pips“) as their quoted best spread is one you’ll probably never receive.

Conclusion?

We might be biased but we believe that fixed spreads offer far greater transparency and value for CFD traders. TradeDirect365 offer tight, 24-hour fixed spreads on all our markets, so our clients can rest assured that they will not be influenced by any external market information, and will not be subject to large spikes in the spreads.

5 Benefits of Trading with TradeDirect365

• Tight, Fixed spreads: trade the Aussie 200 index with a fixed spread of 0.9pts or AUD/USD & EUR/USD at just 0.8 pips – all fixed spreads throughout the day
• No Commissions: we do not charge commissions on continuous contracts for Indices, Commodities, Cryptocurrencies and FX
• We are ASIC-Regulated: TradeDirect365 is a trading name of Finsa Pty Limited (ACN 158 065 635 and AFSL No. 422661)
• Simple Trading Platform: our trading platform is fast & efficient – Find out more about our trading platforms here.
• Guaranteed Stop-Loss Orders: you can trade with a guaranteed stop, providing you with excellent risk management tools.