TradeDirect365 – what we know and have as facts about it; This is a trade name of Finsa Pty Limited, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC) under license number 422661. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Product Disclosure Statement file that the company provides CFDs trading to its clients using the market maker model. Under this model each CFD transaction creates a direct financial exposure for the provider, which may or may not be hedged in the underlying instrument. Where the financial exposure is not hedged, the market risk may increase for the market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
So far, we have not received any complaints from customers of TradeDirect365. If you have any criticism to share with us or feel annoyed by TradeDirect365, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and TradeDirect365 if you wish.