TradeDirect365 vs XM

TradeDirect365 vs XM Comparison Table 2023
TradeDirect365 Review 2023 XM Review 2023
3
4.4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.

Bonus Offer
$50 No Deposit Bonus When You Register A Real Account, Deposit Bonus Up To $5000, Free VPN Service
Promotions

Improve The Speed & Reliability Of Your Trades With The XM VPS

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." "XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education."
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
  • Beginner-friendly education tools including podcasts and expert-led webinars in 16 languages
  • Premium research including market sentiment, fundamental insights and strategy builders
  • Accessible trading accounts with a $5 minimum deposit and easy account opening
  • Powerful MT4 and MT5 platforms available via web, desktop or mobile
  • Reliable 24/7 customer support in over 30 languages
  • Hugely respected brand with 30+ industry awards
  • Transparent fees with spreads from 0.6 pips
  • 1000+ instruments including 50+ forex pairs
Cons
  • CloudTrader has an outdated interface
  • Market research trails the best brokers
  • No copy trading service
  • $5 inactivity fee
  • Traders from the US not accepted
Awards
  • The Best Crypto CFDs 2022 - Financial Expo Egypt
  • Best FX Service Provider 2022 - City of London Wealth Management Awards
  • Best MT4/MT5 Broker 2021 - DayTrading.com
  • Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards
  • Best Trading Experience 2021 - Ultimate Fintech
  • Best FX Service Provider 2021 - City of London Wealth Management Awards
  • Best Broker in Customer Service 2020 - FX168
  • Best Customer Service Experience 2020 – Global Business Awards
  • Global Forex Broker of the Year 2020 - Global Forex Awards
  • Best FX Service Provider for 2020 - City of London Wealth Management Awards
Instruments
CFDs, Stocks, Indices, Forex, Commodities, Cryptocurrencies Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $5
Trading Platforms
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, SCB ASIC, CySEC, DFSA, FSC
Margin Trading
Yes Yes
Margin Rate
0.2%
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android & Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
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 $15
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • ZAR
  • CHF
  • SGD
  • PLN
  • HUF
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. Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading.
Leverage
1:200 1:1000
FTSE Spread
0.4 1.5 pts (var)
GBPUSD Spread
0.8 1.9 (var)
Oil Spread
3.0 0.03 (var)
Stocks Spread
0.14% (Aus) 0.002 (var)
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. XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.
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.

XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.

GBPUSD Spread
0.8 1.9
EURUSD Spread
0.6 1.6
EURGBP Spread
0.6 1.8
Assets
30+ 55+
Currency Indices
  • USD
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. XM offers crypto trading through CFDs. This means you can speculate on rising and falling prices with leverage. XM offers a good range of cryptocurrencies, including major tokens like Bitcoin.
Spread
From 1 Variable
Coins
  • BTC
  • ADA
  • DASH
  • EOS
  • ETH
  • LTC
  • NEO
  • XLM
  • TRX
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • ADA
  • XLM
  • EOS
  • NEO
  • TRX
  • DASH
  • MIOTA
  • XMR
  • ZEC
  • ETC
  • BTG
  • OMG
  • QTUM
  • BTT
  • NANO
  • AAVE
  • ALG
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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