Trade360 Review 2022
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| Trade360 Facts & Figures | |
|---|---|
Trade360 offers multiple financial instruments and a live trader sentiment feed. |
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| Instruments | Forex, CFDs, indices, shares, commodities, ETFs |
| Demo Account | Yes |
| Min. Deposit | $250 |
| Payments | Visa, Trustly, Skrill, Neteller, Wire Transfer, emerchantpay, Paysafecard, Bitcoin Payments, SafeCharge, Diners Club |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC |
| MetaTrader 4 | No |
| MetaTrader 5 | Yes |
| cTrader | No |
| DMA Account | No |
| ECN Account | No |
| Social Trading | Yes |
| Copy Trading | No |
| Auto Trading | No |
| Signals Service | Yes |
| Mobile Apps | Yes |
| Islamic Account | Yes |
| Awards | Most Innovative Social Trading Technology 2017 - European Global Banking & Finance
Forex Innovator 2016 - ATOZFOREX.COM |
| CFD | |
|---|---|
Access multiple financial markets with CFDs. | |
| Leverage | 1:30 Retail, 1:400 Professional |
| FTSE Spread | N/A |
| GBPUSD Spread | 5 |
| Oil Spread | 7 |
| Stocks Spread | Variable |
| Forex | |
Trade close to 50 currency pairs. | |
| GBPUSD Spread | 5 |
| EURUSD Spread | 3 |
| GBPEUR Spread | 5 |
| Assets | 46 |
| Stocks | |
Trade shares in global companies and 7 major indices. | |
Trade360 is an online broker offering CFD and forex trading opportunities, alongside propriety algorithmic software, CrowdTrading. Our UK review will cover the features of Trade360, how to register for an account, minimum deposit requirements, testimonials, fees, FAQs, and more. Find out whether to sign up and start trading today.
About Trade360
Trade360 was established in 2013. The company is owned and operated by Crowd Tech Ltd, with a head office location in Cyprus. The financial broker complies with CySEC regulation and has FCA authorisation for its UK operations. The CEO emphasises the company’s aims to deliver transparency, advanced technology, and integrity. Australian cricket professional Steve Smith is the broker’s official partner.
Trading Platforms
Trade360 supports two trading platforms; MetaTrader 5 and WebTrader. The industry-established MT5 is available for free download to mobile or desktop devices. WebTrader is compatible with all major web browsers including Safari, Google Chrome, Internet Explorer and Firefox.
WebTrader
Access 500+ CFDs across multiple asset classes with sophisticated analysis tools and order options:
- Position simulator
- Economic calendar
- One-click execution
- Integrated live chat
- CrowdTrading feed
- 120+ technical indicators
- Simple, easy to use layout
- Advanced graphing instruments and charting tools
Web platform
MT5
Access up to 1,000 assets using an advanced investing terminal aimed at established investors:
- 21 timeframes
- MQL-5 language
- MT5 community chat
- 82 technical indicators
- Access to expert advisors
- Built-in economic calendar
- Hedging and netting supported
- 6 orders types and 4 execution types
MetaTrader 5
Assets
The broker offers CFD trading opportunities in the following markets:
- ETFs – 40+ leading products including FEZ and QQQ
- Indices – 7 index CFDs including Dow Jones and DAX 30
- Commodities – 4 commodities including gold, silver, oil, and natural gas
- Stocks – 450+ stocks from global companies such as Apple, McDonald’s, and Microsoft
- Forex CFDs – 45+ currency pairs, including majors, minors and exotics. Pairs include GBP/USD and GBP/AUD
Note, Trade360 does not offer cryptocurrency and Bitcoin trading.
Fees
The broker does not charge a commission on any transactions. Spreads are fixed and vary between account types. These are comparatively higher vs competitors and unfavourable for the lower account levels such as the Mini. The GBP/USD pair is offered at 5 pips with the EUR/USD at 4 pips. Spreads are more favourable with the higher level accounts such as the Diamond. GBP/USD and EUR/USD pairs are offered at 2 pips. Commodities such as Crude Oil are offered at 8 pips with the Mini vs 4 pips on the Diamond account.
Our broker review was disappointed to see a maintenance fee after 45 days of no activity. For UK traders this is charged at $100 or GBP equivalent. Visit the Trade360 terms and conditions section of the website for full details. The broker also charges swap rates for positions held overnight.
UK Leverage
Leverage for UK traders is aligned with ESMA regulations. Maximum leverage is capped at 1:30 for forex pairs. Indices and commodities are offered at a maximum of 1:20. All stocks and ETF assets are offered up to 1:5. Clients can select their leverage and risk appetite for every trade using the Leverage Self-Select tool.
Mobile Apps
Trade360 offers an award-winning mobile app. This is available as a free download to iOS and Android devices via the relevant app store. Access the full suite of trading platform features, so you can view your portfolio and respond to market movements while on the go.
Features of the application include:
- 500+ assets
- Position simulator
- Integrated live chat
- CrowdTrading technology
- Hundreds of technical tools
- View instrument opening hours
- Asset daily range & volatility information
Mobile trading
MT5 also supports a mobile trading app. Access all features of the desktop version from your phone or tablet.
Deposits
Minimum deposits vary by account type, with the lowest requirement of $250 on the Mini solution. Payments are made via the ‘deposit’ button in the top right corner of the platform screen. Accepted methods include:
- E-wallets
- Credit/debit cards
- Online bank transfers
Processing times can vary, however, e-wallets usually provide instant funding.
Withdrawals
Trade360 does not charge a withdrawal fee. All funds must be withdrawn to the same payment method used to deposit. Withdrawals are made via the ‘withdraw funds’ button on the left side menu on the platform screen. KYC compliance documents must be submitted before your withdrawal can be processed. Payments are usually completed within 3 working days.
Demo Account
Trade360 offers a demo account with access to $10,000 in virtual funds. Account registration and login are required. There is no maximum time limit. These accounts are a good way to become familiar with platforms and to test strategies risk-free.
Regulation Review
The Trade360 EU affiliate is licensed as a foreign exchange broker. The company is authorised by the Cyprus Securities and Exchange Commission (CySEC). The broker also follows the Markets in Financial Instruments Directive (MiFID) and has Financial Conduct Authority (FCA) licensing for their UK services. UK traders can be assured of segregated funds and investor protection schemes.
Additional Features
Trade360 offers additional educational resources on their website. Topics include forex trading and strategies. Financial market news, a blog-style forum, and a daily market report are also supported. Informative video content is supplied on the Trade360 YouTube page. Traders can view news, announcements, world events, and product analysis within the WebTrader platform.
CrowdTrading is Trade 360’s proprietary system comprising market sentiment tools and live streaming events. Algorithms provide traders access to new trends, changes to market volume and volatility, and position surges across all assets including stocks. These features are integrated within the WebTrader platform, in an informative live event stream known as the CrowdFeed.
The broker is also associated with Trading Central, offering prime financial signals via the platform at no additional cost.
Trading Central
Live Accounts
The broker offers 6 account types. All Trade360 accounts offer 24/5 live chat support, CrowdFeed access, and market signals. The MT5 platform is offered to all accounts except Mini.
Account details include:
- Mini – $250 minimum deposit, $1,000 minimum line
- Standard – $1,000 minimum deposit
- Gold – $5,000 minimum deposit
- Platinum – $10,000 minimum deposit
- Diamond – $50,000 minimum deposit
- VIP – $100,000 minimum deposit, $1,000,000 minimum line
To open a live account, clients must complete an online registration form. Identification documents and proof of residency are required to comply with the broker’s anti-money laundering and KYC checks. An Islamic account is available upon request.
Pros
Highlights we found in our Trade 360 review include:
- API trading
- Mobile app
- FCA regulation
- Easy account finance
- Leverage Self-Select tool
- CrowdTrading proprietary software
- Demo account with access to virtual funds
Cons
Downsides of the Trade360 offering include:
- Zero no deposit bonus
- Negative trader reviews
- No MT4 trading platform
- High spreads for Mini Account
- High minimum deposit requirements
- Inactivity fee after 45 days of zero transactions
Opening Hours
The broker offers 24-hour weekday trading, though opening hours may vary by asset. A full list of trading hours and public holidays is published on the broker’s website. Note, withdrawals can be requested at any time.
Contact Details
Trade360 offers various customer contact options:
- Email – support@trade360.com
- Phone number – +357-25-030-622
- Online contact form – contact section
- Live chat – 24/5 Monday to Friday via the broker’s website
- Address – 116 Gladstonos, M.Kyprianou House, 3rd & 4th Floors, 3032, Limassol, Cyprus
An online help centre is also hosted on the broker’s website. This includes topics such as how to delete a Trade360.com account, login issues, or how to make a complaint.
Security
User authentication SSL protocols are active on both PC and mobile. The platforms assure high-tech encryptions and industry-standard data privacy. Deposit payments integrate 3D secure authentication. The broker also supports a 360Sheild trading protection programme. This involves top tips for trading, how to protect your funds and understanding regulation.
Should You Open An Account With Trade360?
Trade360 provides trading opportunities on the established MT5 and the proprietary WebTrader platform. The bespoke CrowdTrading software also provides a unique investing environment. UK traders should feel assured of FCA authorisation, however, it is disappointing to see a costly maintenance fee, limited trading instruments and high spreads, particularly on the lower-level accounts. There are also come concerning customer reviews online.
FAQ
Is Trade360 A Scam?
Our review confirms Trade360 is not a scam, though there are negative trader reviews online. Still, the broker is owned by a genuine investment firm, with a respected license from the FCA and the CySEC.
Is Trade360 A Regulated Broker?
Yes, Trade360 is regulated by the FCA, CySEC and follows the European Markets in Financial Instruments Directive (MiFID). UK traders are afforded certain regulatory protections should they open a live account.
Does Trade360 Offer A Demo Account?
Yes, Trade360 offers a demo account with access to $10,000 virtual funds. This is a great tool for aspiring traders or those wishing to test the broker’s services before they start trading.
How Can I Contact Customer Support For Trade360?
The best way to contact Trade 360 is via the live chat channel in the trading platform. Other methods include using their telephone number +357-25-030-622, email support@trade360.com, or the online contact form.
Is Trade360 Legit And Safe?
Yes, this is a legit broker, though there are some concerning reviews online. The broker allows for leveraged trading across various asset classes. Trade360 also conforms to FCA and CySEC regulations.
Trade360 vs Other Brokers
If you want to compare Trade360 with other brokers, use the detailed comparisons below.
Trade360 vs |
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| Trade360 offers multiple financial instruments and a live trader sentiment feed. | ||