Trade360 is a forex broker that offers a range of account types and tools for traders, including a CrowdTrading tool that provides trading signals based on client sentiment data. The broker is regulated by ASIC in Australia and CySEC in Cyprus. However, Trade360 has some drawbacks, such as expensive spreads and limited educational content.
Trading Instruments
Trade360 offers a wide range of trading instruments for its clients to trade, including:
- Forex currency pairs, including major, minor, and exotic pairs.
- Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
- Commodities, such as gold, silver, oil, and natural gas.
- Stock indices, such as S&P 500, NASDAQ, Dow Jones, and DAX 30.
- Individual stocks from various international exchanges, including the NYSE, NASDAQ, and London Stock Exchange.
Trade360’s diverse selection of trading instruments allows traders to access multiple markets and potentially diversify their portfolios.
Trading Conditions
The spreads offered by Trade360 range from 1.8 pips to 4 pips on the EUR/USD currency pair, depending on the account type chosen by the trader.
The maximum leverage offered by Trade360 is up to 1:400, although the actual leverage available to the trader may vary depending on the instrument being traded and the account type.
The minimum deposit required to open a Trade360 account varies depending on the account type, ranging from $250 to $100,000.
Trade360 offers a proprietary trading platform that is web-based and accessible from any device with an internet connection. The platform includes a variety of trading tools and features, including the CrowdTrading tool, economic calendar, and real-time market news.
Broker allows trading 24 hours a day, 5 days a week, in most markets.
Broker also offers a range of order types, including market orders, limit orders, stop-loss orders, and trailing stop orders.
Account Types
Trade360 offers six different account types for traders, each with its own unique features and minimum deposit requirements. Here’s a brief overview of the Trade360 account types:
- Mini Account: The Mini Account requires a minimum deposit of $250 and offers access to the CrowdTrading tool, an economic calendar, and customer support. Spreads start from 2.2 pips.
- Standard Account: The Standard Account requires a minimum deposit of $1,000 and offers access to the CrowdTrading tool, an economic calendar, daily market review, customer support, and access to Trading Central. Spreads start from 2.2 pips.
- Gold Account: The Gold Account requires a minimum deposit of $5,000 and offers access to the CrowdTrading tool, an economic calendar, daily market review, customer support, access to Trading Central, and a personal account manager. Spreads start from 1.8 pips.
- Platinum Account: The Platinum Account requires a minimum deposit of $10,000 and offers access to the CrowdTrading tool, an economic calendar, daily market review, customer support, access to Trading Central, a personal account manager, and custom trading alerts. Spreads start from 1.8 pips.
- Diamond Account: The Diamond Account requires a minimum deposit of $50,000 and offers access to the CrowdTrading tool, an economic calendar, daily market review, customer support, access to Trading Central, a personal account manager, custom trading alerts, and exclusive access to thematic indices. Spreads start from 1.6 pips.
- VIP Account: The VIP Account requires a minimum deposit of $100,000 and offers access to the CrowdTrading tool, an economic calendar, daily market review, customer support, access to Trading Central, a personal account manager, custom trading alerts, exclusive access to thematic indices, and premium customer support. Spreads start from 1.4 pips.
Regulation and Security
Trade360 is a regulated broker, authorized and licensed by two of the most reputable financial regulatory bodies in the industry, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). ASIC is one of the most respected financial regulatory bodies in the world, and its licensing requirements are among the most stringent. CySEC is also a well-respected regulatory body, and it is responsible for regulating and supervising the financial activities of investment firms in Cyprus.
In addition to its regulatory status, Trade360 takes security seriously and employs a range of measures to protect the funds and personal information of its clients. These measures include:
- Segregated client funds: Trade360 keeps client funds in separate bank accounts from its own funds to ensure that clients’ funds are protected in the event of any financial difficulties faced by the broker.
- Secure platform: The Trade360 platform is secured with SSL encryption, which helps to ensure that all data transmitted between the client’s device and the Trade360 servers is encrypted and protected from unauthorized access.
- Two-factor authentication: Trade360 offers two-factor authentication (2FA) to add an extra layer of security to the client’s account.
- Customer support: Trade360 provides customer support to assist clients with any questions or concerns they may have.
Conclusion on Trade360
In conclusion, Trade360 is a regulated broker that offers a range of account types and trading instruments to suit traders of different levels of experience and trading needs. Its CrowdTrading tool is a unique feature that allows traders to see sentiment data from other traders and use this information to inform their trading decisions. The platform is user-friendly and available on both desktop and mobile devices, with a mobile app that closely matches the web platform experience. Trade360 offers customer support and provides useful features such as an economic calendar, daily market reviews, and access to Trading Central. On the downside, the spreads can be expensive, and the educational resources provided by Trade360 are limited. However, overall, Trade360 is a reputable broker that is well-regulated and takes security seriously.
I found Trade 360 really good-I was able to withdraw my funds when I needed them and the brokers were very friendly and helpful
I should add that trading on this platform is not for the fainthearted as you see the value of your investment fluctuate widley -trading in Contracts for Difference is a roller coaster ride.The good advice holds–only risk what you can afford to lose.I came out with a profit and the brokers there are good in advising hedging