TradeDirect365 vs SimpleFX

TradeDirect365 vs SimpleFX Comparison Table 2023
TradeDirect365 Review 2023	SimpleFX Review 2023
Review 3	Review 4.2
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
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
Full range of investments with a particularly strong suite of Australian stocks No minimum deposit makes the broker accessible to beginners Access to the MT4 desktop, web and mobile platform Low, fixed spreads that provide transparent costs Trusted broker regulated by the ASIC Free demo account	API & VPS support SimpleFX crypto coin Fast customer service Beginner-friendly platform Multi-currency single account Lightning fast Bitcoin payments Community forum to share trading ideas Crypto staking solution with no starting deposit
Cons
CloudTrader has an outdated interface Market research trails the best brokers No copy trading service	Weak regulatory oversight No MetaTrader 5 integration Limited non-crypto funding methods
Awards
	The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw Best Mobile App 2020 - Rankia Awards The Best Trading Platform, Finance World Expo 2019 - Zug Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Instruments
CFDs, Stocks, Indices, Forex, Commodities, Cryptocurrencies	Forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
MT4	MT4
Payment Methods
Credit Card Debit Card POLi TransferWise Wire Transfer	Bitcoin Payments Credit Card Ethereum Payments FasaPay Neteller Skrill
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
USD EUR GBP AUD	USD EUR GBP
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Australian Securities Exchange CAC 40 Index France Dow Jones Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Aluminium Copper Gold Oil Silver Zinc	Gold Natural Gas Silver
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.
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
BTC ADA DASH EOS ETH LTC NEO XLM TRX	BTC BHC LTC ETH ETC XRP LNK WAV XTZ YFI ADA DOT EOS NEO BNB XMR
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

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