Trade360 Review 2023

2.5
/ 5
Trade360 is #109 in our CFD broker rankings.

Trade360 offers multiple financial instruments and a live trader sentiment feed.


Trusted

Demo Account

Award Winning

Trade Signals
$250
MT5, TradingCentral
Forex, CFDs, indices, shares, commodities, ETFs
-
Neteller, Wire Transfer, Bitcoin Payments, Visa, Trustly
and 5 more

Forex Trading

Trade close to 50 currency pairs.

Stocks Trading

Trade shares in global companies and 7 major indices.

CFD Trading

Access multiple financial markets with CFDs.

Crypto Trading

Not Available

Awards

  • Most Innovative Social Trading Technology 2017 - European Global Banking & Finance
  • Forex Innovator 2016 - ATOZFOREX.COM

Trade360 is a CFD and forex broker that specialises in crowd trading, a feature that displays trader behaviour within current market conditions. This review will cover the main features of the Trade360 platform, including login, key features, regulation, and the withdrawal process. See if Trade360 is the right broker for you.

Trade360 Details

Trade360 is owned by Crowd Tech Ltd, a Cypriot investment firm founded in 2013. Trade360 is a regulated broker with licensing from the Cyprus Securities and Exchange Commission (CySEC).

Offering a range of products and trading platforms, the brokerage’s thousands of clients span multiple countries. Trade360 has also made the news for partnering with Australian cricket player Steve Smith.

Trading Platforms

Prospective users can view the online trading platform and MT5 before registering or receiving Trade360 login details, but once registered, users will be prompted to login to execute trades.

Online Trading Platform

The Trade360 online system allows users to view the unique Live Feed, generated through crowd trading, which displays the percentage of traders that are buying and selling a certain asset to help inform your decisions. The online layout is accessible to beginners and traders can buy or sell in a single click. Website trading also offers an economic calendar, a daily market report, and advanced graphing capacity to provide technical market analysis.

Trade360 Online Trading Platform
Trade360 Online Trading Platform

MT5

MT5 is a leading downloadable platform that gives users access to trading operations in the forex and stock markets, alongside the ability to carry out technical and fundamental analysis. Boasting dozens of indicators, multiple charting types, plus complex order types, MT5 is an excellent option for experienced traders. The platform also allows for customisation and provides access to the MetaTrader Market, where clients can download a range of tools and features.

MT5 platform
MT5 platform

Note, this broker does not offer MT4.

Products

Clients of Trade 360 can choose from over 200 tradeable products, including:

To improve its rating in this review, we’d like to see the broker introduce trading in cryptocurrencies, such as Bitcoin.

Spreads & Commission

Trade360 spreads are relatively costly compared to larger brokers: EUR/USD has a spread of 3 pips and GBP/USD of 5 pips. This broker also charges a $100 fixed fee for account maintenance every 45 days, in addition to a commission for holding position open overnight. This review was particularly disappointed to see the high account maintenance fee.

Further details of Trade360 fees can be found on their website in terms and conditions.

Trade360 Leverage

Leveraged trading is available with Trade350. Maximum leverage of 1:30 is available on forex pairs, although the majority are offered at 1:20, with gold at 1:30 and 1:20 on other commodities. The maximum leverage available for stocks and ETFs is 1:5 and for indices, it’s 1:20.

Mobile Apps

A fully-featured Trade360 app is available for download on both the Apple App store and Google Play store. The software offers a user-friendly trading experience similar to the online platform, including the live feed for crowd trading, interactive charting of real-time rates, and daily ranges.

Trade360 mobile trading
Trade360 mobile trading

Payment Methods

Deposits

You can finance your account using a variety of methods including credit/debit cards, eWallet, and online/local bank transfer. Payments are made directly via the websites’ Payment Page. Deposits using the mobile app are currently only possible via credit card.

The minimum deposit required by Trade360 depends on the account:

Withdrawals

To submit a withdrawal request, traders must provide photo-ID, credit card details, and proof of residence documentation. Trade360 processes withdrawals using the same payment method that was used to place the deposit, up to the value of the initial deposit, and any additional amount is paid via direct bank transfer.

Withdrawal requests are processed within three business days, although the time to receive funds depends on the payment method used.

Demo Account

At Trade360, prospective clients can register for a demo account to try out the platform. This account does not require a deposit to be made. Instead, clients receive a virtual bankroll to explore the different trading products available and the broker’s services.

Bonuses

There are currently no promotions or no deposit bonus deal offerings at Trade360. Most CySEC-regulated firms are prohibited from offering bonus incentives.

Regulation

Trade360 holds a license from the Cyprus Securities and Exchange Commission (CySEC), and because this broker operates in the European Economic Area, it is also registered with the UK’s Financial Conduct Authority (FCA). The company is not regulated by the Australian Securities & Investments Commission (ASIC).

The investment firm behind Trade360, Crowd Tech Ltd, is subscribed to the Investor Compensation Fund. This body helps ensure that any funds belonging to a client are returned if they are inappropriately withheld.

Overall, we’re comfortable Trade360 is a legit and genuine broker and not a scam. We were also pleased to see that aside from a few exceptions, customers haven’t experienced withdrawal problems.

Additional Features

CrowdTradingTM is a useful addition that allows clients to see how other clients are trading an asset. The tool provides for an excellent way to judge market sentiment and see how successful traders are reacting to movements in price.

Trade360 CrowdTrading
Trade360 CrowdTrading

Recently, this broker has also collaborated with Trading CentralTM, a tool for investment decision support, which is now available directly within the online platform by clicking on the tool logo.

Trade360 Accounts

Trade360 offers five account levels: Mini, Standard360, Gold, Platinum and Diamond. All accounts allow access to a minimum line ten times that of the minimum deposit amount, bar the ‘Mini’ account which offers a minimum line of 1000 USD. Unfortunately the Mini account does not provide access to MT5, but all accounts offer 24/5 support via live chat on the website. Personal notifications and exclusive video market updates are available to account types from Gold upwards, and an Islamic account is available upon request.

Note that Trade360 also caters to professional traders through a Professional account, with advantages including leverage ratios of 1:400 and negative balance protection.

Benefits

Trade360 is user-friendly for the beginner trader and the fully functional mobile app makes trading on-the-go easy. The crowd trading statistics section is also a relatively unique attribute that many clients may benefit from. Other benefits include APIs, safe CySEC-licensing, positive customer testimonials on forums and the esteemed MT5 platform.

Drawbacks

The selection of financial instruments is small compared to larger brokers and spreads are comparatively high. The account maintenance fee may also be off-putting for traders and the minimum deposit requirement is steep.

Trading Hours

The site is available 24/7 but trading hours vary depending on the asset. At Trade360 the majority of forex pairs can be traded between 10 pm on Sunday and 9 pm on Friday and the majority of stocks can be traded Monday to Friday during normal day-time hours. Most indices and commodities can also be traded from Sunday evening until Friday evening, but prospective clients should check the Trade360 website for full details.

Customer Support

The broker’s CEO has ensured clients have several options to contact customer support:

The website also hosts a Help Centre with many in-depth FAQ pages where account support queries such as how to delete an account or make a complaint can be answered.

Note the broker’s headquarters address can be found on the Trade360 website.

Trader Security

Trade360 guarantees a high level of site security and data protection during and after login. The broker takes steps such as the use of separate servers in different geographical locations to separate online activity and transaction information, a double firewall protection system, and Verisign SSL for user authentication.

Trade360 Verdict

Trade360 is a CySEC-regulated broker offering something unique through its CrowdTradingTM technology. The proprietary and MT5 platforms are safe and easy to use while the withdrawal process is straightforward. With that said, our review was disappointed with the wide spreads and hefty account maintenance fee. As a result, Trade360 wouldn’t be our first choice.

Accepted Countries

Trade360 accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Trade360 from New Zealand, United States, Canada, Iran, Korea, Belgium.

Payment Methods

Trade360 Details

Minimum Trade 0.01 lots
Regulated By CySEC
Islamic Account Yes
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
ELWs No
REITs No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Social Trading Yes
Trade Signals Yes
Guaranteed Stop Loss No
Commodities
  • Gold
  • Silver

CFD Trading Details

FTSE Spread N/A
GBPUSD Spread 5
Oil Spread 7
Stocks Spread Variable
Leverage 1:30 Retail, 1:400 Professional

Forex Trading Details

GBPUSD Spread 5
EURUSD Spread 3
EURGBP Spread 5
Assets 46

Compare Trade360

Compare Trade360 with similar brokers that accept traders from your location. Among available brokers these are the most similar to Trade360:

  1. OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
    Go to OANDA
  2. Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
    Go to Webull
  3. Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
    Go to Forex.com

Trade360 Comparison Table

Compare Trade360 With Similar Brokers
Trade360 OANDA Webull Forex.com
Rating 2.5 4.5 4.4 4.5
Markets Forex, CFDs, indices, shares, commodities, ETFs Forex Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options
Demo Account Yes Yes Yes Yes
Minimum Deposit $250 $0 $0 $100
Minimum Trade 0.01 lots $0 $5 $1
Regulators CySEC CFTC, NFA SEC, FINRA CySEC, IIROC, NFA, CFTC, FCA, CIMA, CIRO
Bonus $5,000 welcome bonus with a deposit of $500 Six free stocks
Education No Yes Yes Yes
Platforms MT5, TradingCentral MT4, TradingView, AutoChartist MT4, MT5, TradingView, AutoChartist, TradingCentral
Leverage 1:30 Retail, 1:400 Professional 1:30 EU, 1:200 Global 1:200
Payment Methods 10 12 3 8
Visit Visit Visit Visit
Review Trade360
Review
OANDA
Review
Webull
Review
Forex.com
Review

Compare Trading Instruments

Compare the markets and instruments offered by Trade360 and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Trade360 Trading Instruments
Trade360 OANDA Webull Forex.com
CFD Yes No No Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes No Yes
Oil No No No Yes
Gold Yes Yes No Yes
Copper No Yes No No
Silver Yes Yes No Yes
Corn No Yes No No
Crypto No Yes Yes Yes
Futures No No No Yes
Options No No Yes Yes
ETFs No No Yes No
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Trade360 vs Other Brokers

Compare Trade360 with any other broker by selecting the other broker below.

Trade360 vs

FAQ

Is Trade360 a scam?

Trade360 is not a scam or a hoax. This broker is owned by a genuine investment firm, Crowd Tech Ltd, which is regulated by a respected financial authority – the Cyprus Securities & Exchange Commission (CySEC).

Is Trade360 a regulated broker?

This broker is regulated by CySEC and based in Cyprus, and as such is also subject to regulation by the European Markets in Financial Instruments Directive (MiFID).

What is Trade360 crowd trading?

Crowd trading is a feature that may help traders make decisions based on the ‘wisdom of the crowd’. Clients can see how other traders behave with each asset, i.e. what percentage are buying or selling, which may help them spot market trends.

Does Trade360 offer mobile trading?

Trade360 offers a mobile app available for both iPhone and Android which provides a user-friendly interface for executing trades. The app is free to download and also offers the crowd trading feature.

What is the withdrawal process at Trade360?

Withdrawal funds are returned using the same payment method as the initial deposit. Clients may need to show the same verification documentation required at account registration.

Who owns Trade360?

Trade360 is owned by Cypriot firm – Crowd Tech Ltd. The established company has been in operation since 2013.

Is trade360 a hoax?

No, Trade360 is a legit online broker with good customer testimonials. The company has clients in multiple countries and a strong track record.

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Trade360 offers multiple financial instruments and a live trader sentiment feed.