TradeDirect365 vs SimpleFX
TradeDirect365 Review 2023 | SimpleFX Review 2023 |
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3
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4.2
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Founded by professional trader Davin Clarke in 2014, TradeDirect365 is registered in Australia to provide retail traders with half a thousand CFD products at competitive fees and leverage up to 1:30. The firm is regulated by the ASIC, which is a top-tier regulator and offers fee-free and fast deposit methods. A beginner-friendly web platform is available alongside the popular MT4. |
SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts. |
Comment by Reviewer | |
"TradeDirect365 is the best fit for Aussie traders due to the support for local payment methods, ASIC oversight, and competitive fees on Australian trading assets. TradeDirect365 will also suit beginners looking for a fixed-spread account, which can provide upfront transparency on trading fees." | "SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Stocks, Indices, Forex, Commodities, Cryptocurrencies | Forex, indices, shares, commodities, cryptocurrencies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, SCB | |
Margin Trading | |
Yes | Yes |
STP Account | |
No | Yes |
ECN Account | |
Yes | No |
DMA Account | |
No | Yes |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS, Android + Web Trader |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Yes |
Copy Trading | |
No | No |
Social Trading | |
No | Yes |
Trade Signals | |
MT4 | Yes |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$0 | 3% |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Our team was impressed with the range and depth of CFD products available, with more than 500 instruments available on both MT4 and the firm's proprietary CloudTrader. You can go long or short on forex, stocks, indices, commodities and cryptos. | Go long or short on over 170 CFDs with high leverage up to 1:500. The broker's social community is also a great place to pick up CFD strategy tips and trading ideas. |
Leverage | |
1:200 | 1:500 |
FTSE Spread | |
0.4 | 1.3 |
GBPUSD Spread | |
0.8 | 1.2 |
Oil Spread | |
3.0 | 0.03 |
Stocks Spread | |
0.14% (Aus) | Variable |
Forex Trading | |
TradeDirect365 offers 30 forex pairs with fixed spreads from 0.6 pips on the AUD/USD and EUR/USD. Retail investors can trade forex with 1:30 leverage and pro traders with 1:200 leverage. | SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels. |
Forex App | |
TradeDirect365 offers the CloudTrader app. The beginner-friendly application is available on Apple and Android devices and offers one-click trading, customizable charts, and basic account management. |
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GBPUSD Spread | |
0.8 | 1.2 |
EURUSD Spread | |
0.6 | 0.9 |
EURGBP Spread | |
0.6 | 0.9 |
Assets | |
30+ | 60 |
Cryptocurrency | |
DeFi enthusiasts can trade 10 different tokens at TradeDirect365, including Bitcoin and Ethereum. These instruments are available with both of the firm's supported platforms at competitive prices. You can trade crypto 24/7. | SimpleFX offers popular crypto coins including Bitcoin and Ethereum paired with the USD. Traders benefit from feature-rich analysis tools as well as a bespoke staking service where capital can be used for margin trading. |
Spread | |
From 1 | From 0.0001 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
Auto Market Maker | |
No | No |
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More Comparisons | |
TradeDirect365 vs |
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