|Hundreds of trading instruments||Product range excludes cryptocurrencies|
|Multi-lingual customer support||Spreads are high|
Trade360 is a CySec-registered forex CFD broker headquartered in Limassol, Cyprus. The tier-1 European regulation allows Trade360 to operate in all the countries within the European Economic Area (EEA), the UK and beyond. What sets Trade360 apart from most of the other CFD brokers is Crowdtrading, which gives a broad picture of the percentage-wise positions of the other traders.
Trade360 clients have the choice of five account types plus the swap-free Islamic account. The minimum deposits are reasonable and start at $250 for the basic account type, while individuals signing up for the VIP account have to deposit a minimum of $50,000.
The registration process is speedy, and you can start trading with deposits as low as $25. All client funds are in segregated accounts, separate from the CFD broker’s operating capital, and backed by investor protection schemes in certain countries. Irrespective of the account type, Trade360 offers the fixed spread.
Individuals registering with the CFD broker have the choice of only the patented Crowdtrading platform. While the trading terminal comes as a web and mobile application, it does not support automated trading. The product range includes forex, commodities, CFDs in shares and stock indices. Besides, traders can also access three futures contracts in commodities and stock indices.
The trading margins vary and are primarily dependent on the client’s location and the monitoring authority in that country. For instance, if you are a European or UK resident, the max permissible leverage is 30:1 in FX. However, International clients receive higher leverage that can extend up to 400:1. Besides, clients outside the purview of the CySEC are also eligible for the various bonuses offered by the CFD broker from time to time.
When it comes to client support, Trader360 provides a 24/5 bi-lingual helpdesk, although the website is accessible in 11-languages. You can reach out to the broker via phone, email, live chat or by simply filling out a ‘Contact us’ form.
Trade360 is a multi-asset CFD broker, operating since 2013 and regulated by the Cyprus Securities and Exchange Commission (CySEC). While this should ensure the safety of client deposits, the monitoring agency also has stringent guidelines in place to safeguard client privacy and data security.
If you include the one of a kind crowd trading platform, low minimum deposits, and multiple trading instruments, clients registering with Trade360 could hold an edge when it comes to CFD trading.
It is said that innovation is change that adds value, and that innovation distinguishes a leader from a follower. If you are searching for an innovative leader in the brokerage community that deals in the forex and CFD space, then Trade360.com may interest you.
The firm is neither a traditional forex broker, nor is it a binary options broker. It does offer an intuitive online trading platform that utilizes a revolutionary approach to social trading, a process they have named “CrowdTrading”. The firm has offices in London and is in compliance with regulatory regimes across Europe.
Trade 360 is a trade name of MPF Global Markets Ltd, authorized and regulated by the CySEC with license number 202/13. The company is headquartered in Limassol, Cyprus.
Trade360 was founded in 2013 by a group of professionals in the industry that desired to have a service offering “Where Wisdom of the Crowd meets Trading”, a concept currently under study that purports that the use of statistical data analysis tools on crowd behavior can actually reveal insights of favorable trends at work in the market in real time, much more quickly than with current technical methods.
The methods employed by Trade360 are proprietary and leading edge, but finding an “edge” is what trading is all about in the first place. As a relatively new firm, Trade360 has also been authorized under the stricter set of CySEC regulations that followed the crisis in Cyprus, and, as such, their clients benefit from broader deposit protections and service transparency.
Registration is simple, and $25 gets you started. No downloads are necessary. Their proprietary platform is online with a mobile application, if desired. There are 119 asset choices, including currency pairs, indices, commodities, and stocks. You specify your asset choice and amount you wish to put at risk, and then you are off and running.
It is not evident if you have actually purchased an option, a futures contract, or CFD in the background, but there is an expiration period of 60 – 90 days. You can elect to close a position at any time before expiration.
The spread is deducted from your account at the outset, and there is the possibility of a margin call, depending on the amount of leverage selected. Leverage and spreads vary by asset choice. CrowdTrading tools reflect what is hot and worthy of a second look. The rest is up to you. Unfortunately, U.S. customers are not accepted at this time.
Features at Trade360
Why trade with Trade360.com? The firm lists these reasons:
- Founded in 2013 by innovative group of industry professionals;
- UK presence and headquarters in Limassol, Cyprus;
- Full European regulatory compliance – Primary regulator is CySEC, but MiFID and FCA are incorporated, as well;
- Client deposits are segregated from operating capital and protected by investor protection programs;
- Minimum deposit is $250;
- Single account category with “Practice Mode” (Islamic account is available on request);
- Trading platform is online, including a mobile app, and no downloads required;
- Asset choices are plentiful – Forex (40), Commodities (6), Indices (15), and Stocks (58);
- Leverage and spreads vary by asset choice, as high as 400:1 for currency pairs, Gold, Silver, and Crude Oil (The possibility of a margin call and related position closure does exist with this system);
- Scalping permitted, but there is a one minute minimum on all positions;
- General market analysis, trading ideas, complimentary ebook and platform training guide, and technical account support team provided;
- CrowdTrading tools analyze sentiment changes, volatility, and % changes to suggest where trading opportunities may be shifting real time;
- Bilingual customer support and website displays in multiple languages.
If you are looking for Metatrader4, you will not find it at Trade360. Their intuitive trading platform is of their own making in order to provide their unique system of CrowdTrading tools and displays.
No downloads are necessary, since the system is entirely online, with a mobile application if you prefer to go in that direction. Open positions and assets that are worthy of a second look, depending on crowd shifting sentiment changes, are easily visible and can be modified with a single click. All data is also encrypted using the latest in 128-bit technology for security purposes.
Deposits and Withdrawals
The minimum deposit required is $100 and can be made using major credit or debit cards, ewallet services, banking wire transfers, or other popular payment methods. Withdrawal requests are handled quickly, as long the mandatory AML documentation is on file and current. The length of time may vary depending on your original deposit method, since the same service must be used in reverse.
Technical support personnel are trained to answer your questions quickly and get you familiar with Trade360’s unique product and service offering. In addition to their direct support, there are training ebooks for beginners, and once up and trading, there is market commentary and analysis, supplemented by trading ideas generated by the system.
The firm does not give investment advice, or account management services, but it does attempt to give you the best and most timely information possible for your personal decision-making process.
Trade360 – Conclusion
Trade360 is definitely an innovative entry in the forex and CFD arena, attempting to use the latest technology advances to benefit its clients. Regulatory compliance is assured, and the firm’s offering is broad in its asset choices and straightforward in its delivery of service. As this management team asserts on its website, “By enabling our Traders to examine the movements and behaviour of the collective in real time, we empower them to better recognise market trends.”
Finding an edge before the crowd does is the goal of every trader, and, for the first time, Trade360 appears to be a broker that is prepared to give you that edge in real time with its unique and proprietary service offering.
**Note: Trade360 does NOT allow Scalping
More forex broker reviews
Forextraders' Broker of the Month
ForexTime (FXTM) is an award-winning platform that certainly has the feeling of being set up by people who know what they are doing. The firm demonstrates an understanding of what helps traders make better returns, and its success can be measured by the fact that it's doubled the number of clients it supports in recent years. The fact that the broker has grown to have more than two million accounts suggests it is getting things right for clients.