Trade360 Review
Trade360 was established in 2013 by a group trading entrepreneurs and technology specialists who wanted to open up trading to all people around the globe.
Broker: Trade360
Official website: www.trade360.com
Leverage: 1:30 | 1:500
Regulation: CySEC, ASIC, MFSC
Min. Deposit: 450 US$
HQ: Cyprus
Platforms: MT4 & CrowdTrader
Found In: 2013
Trade360 Licences
ST Services Ltd - Authorized by FSC, Marshall Islandsreg number. 83416
Crowd Tech Ltd - Authorized by CySEC, Cyprus.registration number. 202/13
SIRIUS FINANCIAL MARKETS PTY LTD - authorized by ASIC (Australia)registration no. ABN 36 142-189 384 ACN 42 189 384
What is Trade360?
Trade360, an international brokerage company, was established in Marshall Islands. However, traders began to look for entities that are regulated and established branches in Australia and Cyprus.
Trade360 eventually acquired financial brokers from Australia and Cyprus, making it possible for European traders (Best Forex Trading Platform Australia), to trade safely. These entities are overseen and regulated by local authorities. These are therefore considered safe investment options.
Overview
Trade360 offers high-quality trading conditions through its Australia and Cyprus entities. (Read more about Australia headquartered broker FP Markets). Opening an account is simple and straightforward.
Negative responses can also be made about the broker who was involved with the international entity.
We will be looking at more details in Trade360 Reviews. However, we recommend that you thoroughly read the details as we only advise trading with entities subject to serious regulations.
Pros
CrowdFeed technology that provides real-time data on market trends
Its trading platforms are WebTrader4 and MetaTrader5
Trading ideas and insights from Trading Central
Regulators are in Cyprus and Australia
A variety of markets such as foreign exchange, commodity, stock. ETFs and cryptocurrencies are available upon request
Cons
Cannot accept clients from some countries
Inactivity fees apply for lack of trading
The minimum deposit is 450 USD
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐
Support ⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 3.4
Trade360: Is it safe?
Trade360 isn't a scam. It has a long history of operation. Previously, it was an offshore company. Now it regulates CySEC (see CySEC regulated TriumphFX review). ASIC licenses that have lower Forex risk are also available.
Is Trade360 a legitimate site?
The most important question is: Trade36 now operates through three entities. One entity is still located in the Marshall Islands, where audit requirements and audit by the authorities are quite basic.
Trade360 is not the only entity that is located in Cyprus. Crowdtech company was established under appropriate laws. It has a particular obligation to ESMA rules. ASIC, which oversees Forex trading and is responsible for registering Australian entities, is also regulated.
We would recommend that you open an account with Trade360's under-regulated entities. These conditions will be aligned with customer protection rules to ensure you have layers of safety.
Leverage
Leverage levels are dependent on the entity and the regulatory obligations that have been set by authorities in specific jurisdictions. Similar to European traders, Australian traders can access high leverage ratios even for professional traders. However, they will be restricted in their use of leverage.
High leverage is also allowed by the international proposal. However, you need to be careful how you use it and learn how to properly apply it. Your losses could multiply as much as your potential gains.
1 to 500 is offered primarily for professionals.
Retailers in Cyprus may have access to ratios such as 1:30
Australian traders entities can have a maximum of 1 to 500
Types of accounts
The first deposit can be made for as low as 450$ or as high at 50,000$ for the Diamond account. There are also Islamic accounts available upon request but requiring a minimum of 10k$.
Although the Mini Account does not support MT5 trading, the Client can still choose to trade on that platform. The client will receive push notifications and exclusive market updates from the broker.
Trade Instruments
Trade360 is a technology-based platform that offers trading CFDs for Currency Pairs, Commodities and Stocks.
Fees
The Trade350 fees terms and the exact costs you will have to pay for trading services are mainly built into a variable spread that is available for all account types. Spreads are lower for higher grade accounts. You can also request a customized solution to your trading needs. You should also consider fees such as funding and inactivity. See the Trade360 fee table.
Spreads
Trade360 spreads can be variable and are based on market conditions. Spreads will decrease if the account type is of a higher quality. We are aware that Trade360 spreads can be quite high when compared to industry peers. Spreads are higher than those offered by the Standard account, even if the account is of the highest quality.
There is not clear information on spread conditions available through the website. See an example spread by account type below. We couldn't find any statistics about its spread. It is better to access the Demo account to see conditions.
Compare fees with BlackBull Markets, another popular broker.
Withdrawals and deposits
Trade360 Review's last point is about funding methods. These will allow you send money into your trading account.
Deposit Options
Deposit options are available in a variety of ways, with the most popular methods supported. However, you should verify the laws and conditions of each jurisdiction as methods and minimum deposits can vary depending on entity rules.
Bank wire transfers
Credit and Debit Cards
Skrill, ewallets
Minimum deposit
Trade360 Minimum deposits are 100$ for Standard accounts, while the international offering requires a minimum 250$ for Mini accounts. Conditions vary. Each account type has a minimum line that defines the account size.
Trade360 Minimum Deposit vs Other Brokers
Withdrawals
Trade360 doesn't mention any charges for withdrawals or deposits. However, your bank or payment provider might waive certain fees due to international policies. You should check with them for their fees. You have several withdrawal options, including bank transfers, ewallets and cards.
Trade Platforms
Web Trading
Trade360 was founded on the fintech company Fintech. It also created an intuitive interface platform that is based only on CrowdTrader. The software is well-respected for its ability to customize and offer many assets.
Traders can still use MetaTrader5 if they wish, except for those who have Mini accounts, which does not support MT5.
Mobile Platform
Trade360 has developed its Trade360 app for iPhone, iPad and Android to keep you up-to-date. This is a very user-friendly software that allows you to manage your trading from anywhere.
Desktop Platform
You can trade the markets manually or automatically, but you also have the option to engage in social trading with copy Trader or copy master accounts via Desktop Platform. This means you can copy master accounts and make money from trading without interruption by simply copying orders. MT5 platform is a trading platform that offers innovative trading features and professional-level analysis for traders.
Customer Support
Trade360 has established a Customer Support service in every region where it operates. This is to help traders find relevant answers and high quality answers. The team can be reached via Live Chat, Emails or telephone lines within 24 hours.
Education
Trade360 doesn't offer any education or courses for beginners. Online trading courses and Webinars that include education materials are not available. Only research tools are available for traders on the platforms. You can also find the Daily Market report online. There is also a social trading option that allows traders to share their trading ideas.
Conclusion
Trade360 Review revealed that brokers' trading conditions can be suitable for traders who trade CFD instruments and engage in social trading via the proprietary platform or MT5. You have the option to trade manually, or copy trades from Copy Accounts. This makes investment opportunities more attractive, but if education is required, you should look for another regulated broker.
There are some negative experiences and responses with the broker, especially with international entities. We strongly recommend that investors do extensive checks before opening an account at Trade360. Better yet, sign in only to regulated Trade360 entities in Australia or Cyprus.