Trade360’s cutting-edge app for mobile devices and the web has more than a thousand different symbols. Additionally, it is compatible with MetaTrader 5, giving it a flexible platform that can be used for trading CFDs and forex. In spite of this, Trade360’s market research and educational content are severely lacking, and the spreads are far higher than those offered by competitors.
Trade360 positives & disadvantages
Pros
• The CrowdTrading technology provides trading signals that are directed by client sentiment data that is crowd-sourced.
• Provides a total of six different account types, with minimum deposits ranging anywhere from $250 to $100,000
• Offers helpful topical indices through its Industry Stock and Smart Collections offerings.
• With the Self-Select option, Traders are able to adjust the amount of leverage they use on a per-trade basis.
• The event description on the economic calendar is helpful in showing affected symbols.
• The mobile app for Trade360 provides an experience that is nearly identical to that of the web platform.
• Authorized and supervised by the Australian Securities and Investments Commission (ASIC) as well as the Cyprus Securities and Exchange Commission (CySEC).
Cons
A minimum deposit of one thousand euros is required in order to gain access to the Trading Central tools.
• Spreads are pricey, ranging from 1.8 to 4 pips on the EUR/USD pair depending on the type of account used.
• The videos covering news on the financial market are no longer relevant.
• The Daily Market Report focuses solely on providing a technical analysis of two important symbols.
• A limited amount of educational content to choose from, including only a few articles and videos.
• There are only about ten enlightening articles available.
• Trade executions have been routed to PX Exchange in Belize, which is an IFSC-regulated firm.
Trade360 Details
Crowd Tech Ltd., an investing company based in Cyprus and established in 2013, is the owner of Trade360. The Cyprus Securities and Exchange Commission has granted Trade360 the necessary licenses to operate as a regulated broker (CySEC).
The brokerage caters to thousands of customers from a variety of nations by providing them with a wide selection of products and trading platforms. In addition, news outlets have reported on Trade360’s partnership with the Australian cricket player Steve Smith.
Buying and Selling Platforms
Before registering or acquiring Trade360 login details, prospective customers have the ability to browse the online trading platform as well as MT5. However, once users have registered, they will be required to login in order to make transactions.
Trading Platform Available Online
Users of the Trade360 online system are given the ability to examine the one-of-a-kind Live Feed, which is generated through crowd trading. This feed shows the percentage of traders who are buying and selling a specific asset, which can assist you in making informed decisions. Beginners will not have any trouble navigating the internet structure, and experienced traders will appreciate how easy it is to buy or sell. A technical market analysis can also be obtained through the use of an economic calendar, a daily market report, and complex graphing capabilities, which are all offered by websites that facilitate online trading.
MT5 is a leading downloadable platform that provides users with access to trading activities in the currency and stock markets, as well as the ability to conduct out technical and fundamental analysis. MT5 is a platform that can be downloaded. MT5 is a fantastic choice for seasoned traders because it offers dozens of different indicators, several different charting formats, and a variety of complex order types. Additionally, users have the ability to customize the platform, and the platform grants access to the MetaTrader Market, from which users can acquire an assortment of tools and features.
Products
Customers of Trade 360 have access to a selection of more than 200 tradable products, including the following:
• Exchange-Traded Funds (ETFs): more than 40 Currency Pairs • Foreign Exchange (Forex):
• Commodities: four different commodities, including oil and precious metals • Stocks: hundreds of worldwide firms, like Twitter and Starbucks • Indices: seven major indices, including the Dow Jones and the Dax 40
Trading in cryptocurrencies like Bitcoin would help the broker earn a higher ranking in our evaluation, thus we’d want to see them implement that feature.
Prices, Commissions, and Spreads
When compared to larger brokers, Trade360’s spreads are relatively expensive. For example, the EUR/USD spread is 3 pips, while the GBP/USD spread is 5 pips. In addition to a commission for holding a position open over night, this broker assesses a one-time, non-refundable cost of one hundred dollars to be paid every forty-five days for account maintenance. The very expensive account maintenance cost was a source of special frustration for this review.
Additional information regarding Trade360’s pricing can be found on their website, in the “terms and conditions” section.
Trade360 Leverage
Trade350 gives its users the option to trade with leverage. On currency pairs, a maximum leverage of 1:30 is allowed; however, the bulk of these pairs are given at a leverage of 1:20. The leverage on gold is 1:30, while the leverage on other commodities is 1:20. The maximum leverage that can be used with stocks and ETFs is 1:5, whereas the maximum leverage that can be used with indices is 1:20.
Mobile Apps
Downloadable versions of the Trade360 app, complete with all of its features, can be found in both the Apple App Store and the Google Play Store. The software provides a trading experience that is user-friendly and is comparable to the one offered by the web platform. This includes the live feed for crowd trading, interactive charting of real-time rates, and daily ranges.
Various Methods of Payment
Deposits
You have a number of options available to you for funding your account, such as the use of credit or debit cards, an electronic wallet, or an online or local bank transfer. The Payment Page on the website is where all transactions and payments are processed immediately. At this time, using a credit card is the only option for making deposits via the mobile app.
Trade360 bases its minimum deposit requirements on the following categories of accounts:
The Mini costs $250, the Standard360 costs $1,000, Gold costs $5,000, Platinum costs $10,000, Diamond costs $50,000, and Islamic360 costs $10,000.
Withdrawals
Traders are required to produce a photo ID, details about their credit card, and proof of residence papers before they can submit a withdrawal request. Up to the amount of the initial deposit, Trade360 will process withdrawals using the same payment method as was used to place the deposit. Any excess amount will be paid via direct bank transfer.
Requests to withdraw funds are completed within three business days, although the amount of time it takes to receive funds depends on the payment option that was chosen.
Free Trial Account
Demo accounts are available for prospective customers to sign up for at Trade360 so that they can test out the platform. There is no minimum required deposit for this particular account. Instead, customers are given a virtual bankroll with which to experiment with the various trading products and services that are on offer from the broker.
Bonuses
At this time, Trade360 does not provide any bonuses or promotions that do not require a deposit to claim. It is against the rules for most companies that are regulated by CySEC to give bonus incentives.
Regulation
Trade360 has been granted authorization to conduct business by the Cyprus Securities and Exchange Commission (CySEC), and because it is a broker that is active throughout the European Economic Area, it is also registered with the Financial Conduct Authority of the United Kingdom (FCA). The Australian Securities and Investments Commission does not have any jurisdiction over this business (ASIC).
The investment company that is responsible for Trade360, Crowd Tech Ltd., has a membership with the Investor Compensation Fund. This body contributes to the process of ensuring that any payments belonging to a customer are repaid in the event that those funds have been improperly withheld.
In general, we are confident that Trade360 is a real and legitimate broker and does not engage in fraudulent activity. In addition to this, it came to our attention that, with a few notable exceptions, our clients have not reported any withdrawal-related difficulties.
Added Advantages and Functions
The CrowdTradingTM feature is a helpful addition that gives customers the ability to view how other customers are trading a certain asset. This tool gives a great method for judging the emotion of the market and for observing how successful traders are responding to changes in price.
Recently, this broker has also cooperated with Trading CentralTM, a tool for supporting investment decision making. This tool is now directly available within the web platform and can be used by clicking on the tool logo.
Accounts for Trade360.com
Mini, Standard360, Gold, Platinum, and Diamond are the five tiers of accounts that are available through Trade360. With the exception of the “Mini” account, which offers a minimum line of only one thousand dollars, all accounts provide access to a minimum line that is ten times the amount of the minimum deposit amount. Unfortunately, the Mini account does not come with access to MT5, but all accounts come with live chat help on the website that is available 24 hours a day, seven days a week. For account types Gold and higher, personal notifications and special video market updates are provided. Upon request, an Islamic account can also be opened for customers.
Note that Trade360 also offers a Professional account that is tailored to the needs of experienced traders. Some of the benefits of this account include leverage ratios of 1:400 and protection against negative balances.
Benefits
Trade360 is simple to use, even for inexperienced traders, and the fully featured mobile app makes it simple to trade while on the move. Additionally, the crowd trading statistics area is a rather unique feature that may be of use to a great number of customers. Additional perks include application programming interfaces (APIs), secure licensing from CySEC, favorable user reviews on forums, and the highly regarded MT5 platform.
Drawbacks
The range of available financial products is limited in comparison to those offered by larger brokers, and spreads are very wide. Traders might also be put off by the account maintenance cost, and the required minimum deposit is relatively high.
Business & Finance:
The website can be accessed at any time of the day or night, although the trading hours change based on the asset. At Trade360, the majority of currency pairings can be traded between 10 p.m. (Sunday) and 9 p.m. (Friday), while the majority of equities can be traded during typical daytime hours (Monday through Friday). The majority of indices and commodities can also be traded beginning on Sunday evening and continuing through Friday evening; however, potential customers should check out the Trade360 website for more information.
Customer Service In order to ensure that customers can reach customer service in a variety of ways, the CEO of the broker has made the following provisions:
• Chat function is available 24 hours a day, Monday through Friday, and may be accessed by clicking the speech bubble symbol located on the left side of the homepage.
• Contact form is located on the Contact page.
• Phone number is +357-25-030-622.
• Email address is [email protected].
The website also features a Help Center that contains a large number of in-depth Frequently Asked Questions pages. These pages include answers to account support questions such as how to make a complaint or delete an account.
Please take note that the address of the broker’s main office may be found on the Trade360 website.
Security for Traders
Trade360 ensures that a high level of site security as well as the safety of user data is maintained both during and after the login process. The broker takes precautions such as separating online activity and transaction information by keeping it on servers located in different parts of the world, employing a double firewall protection system, and using Verisign SSL for user authentication.
Trade360 Verdict
Trade360 is a broker that is regulated by CySEC and offers something that cannot be found elsewhere in the form of its CrowdTradingTM technology. Both the proprietary platform and the MT5 platform are risk-free and simple to operate, and the withdrawal procedure is uncomplicated. Having said that, our analysis was underwhelmed by the large spreads and the high account maintenance charge. As a direct consequence of this, Trade360 is not the option that we would select initially.
Countries That Are Allowed In
Trade360 welcomes merchants from most nations across the world, including Australia, Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, and Luxembourg.
Traders located in New Zealand, the United States of America, Canada, Iran, Korea, or Belgium are unable to utilize Trade360.
Compare Trade360
Analyze Trade360 in comparison to other brokers in the same industry that welcome clients from your region. The following brokers are the most comparable to Trade360 of those that are currently available:
1. ThinkMarkets – ThinkMarkets is a forex and CFD broker that is regulated in many jurisdictions.
2. Admiral Markets – Admiral Markets is a renowned Forex and CFD broker, and they offer the MT4 and MT5 platforms to its clients.
3. TP Global FX – TP Global FX is an offshore foreign exchange and contract for difference (CFD) broker that provides trading opportunities on more than 200 different instruments. You will have access to the MT4 and MT5 trading platforms, as well as copy trading services, with spreads starting at 0.2 pips.
4. RoboForex — RoboForex is an online broker that deals in many assets and provides advanced trading assistance.
FAQ
Is Trade360 a scam?
Trade360 is not a fraud nor a fake of any kind. This broker is part of a legitimate investment company called Crowd Tech Ltd., which is supervised by a well-known governing body for the financial industry known as the Cyprus Securities and Exchange Commission (CySEC).
Is Trade360 a broker that is subject to regulation?
This broker is subject to regulation under the European Markets in Financial Instruments Directive as a result of its location in Cyprus and regulation by the Cyprus Securities and Exchange Commission (CySEC) (MiFID).
What exactly is crowd trading through Trade360?
Traders can potentially benefit from the so-called “knowledge of the crowd” by taking advantage of a feature called crowd trading. Clients are able to view the behavior of other traders with regard to each asset, such as the percentage of traders who are buying or selling, which can assist them in identifying patterns in the market.
Does Trade360 provide trading via mobile devices?
Trade360 is a mobile software for executing trades that is compatible with both the iPhone and Android operating systems. The app features an intuitive user interface. The crowd trading function is available within the app, which may be downloaded at no cost.
How exactly does one go about withdrawing money from Trade360?
When you make a withdrawal, your cash will be refunded to you using the same mode of payment that you used to make the initial deposit. It is possible that customers will be required to present the same verification paperwork that was necessary during account registration.
Who is the owner of Trade360?
Crowd Tech Ltd., a company based in Cyprus, is the owner of Trade360. Since 2013, the well-established business has been carrying out its daily operations.
Is trade360 a hoax?
No, Trade360 is a legitimate online broker that has received positive feedback from previous clients. The clientele of this business extends to a number of different countries, and it has a proven track record.
