Trade360 ReviewCategory: Reviews | Author: Trading Brokers | Date: November 17, 2022
Trade360 is an online trading broker that gives you convenient access to the markets where you can trade hundreds of CFD instruments including forex, stocks and commodities. You can choose to trade on web, desktop and mobile using the powerful MetaTrader 5 (MT5) or utilise the brokers very own proprietary trading platform which implements its innovative Crowd Trading technology. This unique feature supports traders by giving insights and data on how other traders approach the markets. You can use this data to help you decide where the market may be heading and make informed decisions. The broker also has a good selection of other trading tools which you can get access to at no extra cost, like the brilliant Trading Central analysis software. I found them to have quite competitive trading conditions overall including commission free accounts, spreads starting at just 0.0 pips and rapid trade executions speeds. They have a nice variety of account types for different trading styles and flexible funding methods for quick and easy account funding.
Pros & Cons
- Over 500 CFDs on stocks, commodities, indices and currency pairs
- Robust trading platforms for all of your devices
- Lots of trading tools for comprehensive market analysis
- Commission free trading accounts available
- Floating spreads starting from just 0.0 pips
- Crowd Trading sentiment analysis technology
- Professional market analysis via Trading Central
- Good choice of account types and funding options
- Free demo trading accounts
- Dedicated customer service team
- Cannot accept clients from some countries
- Limited educational content for beginners
- Minimum $450 deposit is not the lowest
- Inactivity fees apply for lack of trading
- Large deposit required for tighter spreads
Trade360 is an online forex and CFD broker that was founded by experienced technology experts. Established in 2013, the broker has gained popularity with its innovative technology and proprietary trading platform. It offers a good variety of over 500 financial instruments to trade on its online platform as well as the advanced and powerful MT5 platform. It is a regulated brand that has its headquarters in Cyprus, a popular destination for European brokers. In its ‘best execution policy’ document, Trade360 states that its liquidity provider is ‘PX Exchange’ and it is the sole execution venue for all client orders. Trade360 only acts as agents to all clients’ transactions. This means that you should get your trades placed at the best available market prices at all times. The broker has been honoured with awards on a few occasions in recognition of its excellent services in the area of innovation. The support staff is a click away, thanks to the integrated live chat. Just type in your question and get an immediate response – in real time, from a real team member.
When it comes to choosing a trading broker, regulation is one of the most important things to look out for. This is because a regulated broker can provide certain protection that an unregulated broker cannot. Trade360 is operated by Crowd Tech Ltd, who are regulated by the Cyprus Securities and Exchange Commission (CySEC). This means that the broker needs to comply with the rules and regulation that have been put in place to protect investors. It can help to give peace of mind that they will operate in an honest and transparent manner in order to comply with the regulators.
Clients’ deposits should be maintained in segregated bank accounts as directed by the regulator. These funds cannot used by the broker for its day to day operations; rather they can only be used to fund traders’ positions. They must not be used by the broker irrespective of its financial position. The European clients are protected by the Investors Compensation Fund (ICF) which is like an insurance scheme for Cypriot investment firms.
In strict compliance with its Anti-Money Laundry policy, all clients must be verified before their withdrawal requests can be approved. ‘Know Your Customer’ procedures are used for this verification exercise. It entails providing a ‘proof of address’ and a ‘proof of identity’. Secured Socket Layer (SSL) encryption technology has been implemented by Trade360 to provide digital security to its platforms, website and payment processing portals. This is to deter hackers and cyber identity thieves who might want to steal clients’ login details, credit card info, or other sensitive information.
The broker does not offer its services to residents of Australia, New Zealand, Canada, Iran, North Korea, Belgium and the USA. If you discover that you cannot open an account with the broker for whatever reason, please feel free to look through our broker reviews for some alternative options.
With an easy layout and total accessibility, this is the brokers proprietary platform that uses an innovative technology known referred to as ‘Crowd Trading’. This technology is based on wisdom of the crowd and data analysis from traders. This sentiment data can help traders to excel when they know exactly how other traders are approaching the markets in real time. I have used sentiment analysis myself in the past and found trading against the crowd to actually give me an edge. When you consider that a large percentage of retail investors lose money, there is some logic to trading in the opposite direction to them.
This is web-based platform which is great as it can run on any operating system that has a web browser. This means you can access it from any device, even if you don’t have your own to hand. There are also trading apps that I think are ideal for managing positions and following the markets when not at your computer. The Trade360 WebTrader platform is the default platform available to all clients upon registration and it is available in 10 languages which is great if your native language isn’t English.
- The ‘buy’ and ‘sell’ prices of all the instruments are displayed in real time
- Account management options including deposits, withdrawal requests and account verification documents upload
- Traders’ trends are displayed for every instrument showing percentage of ‘buy’ and ‘sell’ orders, known as the sentiment
- Advanced charting using 6 chart styles on 10 timeframes from 1 minute to 1 month
- The live ‘feed’ section shows the crowd generated events such as trend spotting, trend reversal, surge in opening, growth in trading, going up, etc
- About 115 technical indicators and over 20 analytical tools are available
- Trading Central analysis is available from the platform
MetaTrader 5 (MT5) is an advanced trading platform built for professional CFD Trading. The platform is sophisticated, fast and loaded with essential tools for trading and analytics. It is also very user-friendly which makes it a popular choice for traders of all experience levels. Its capabilities can be extended significantly through the use of plugin apps developed with the MQL5 programming language which is based on C++. Trade360 provides MT5 as a downloadable windows desktop application.
I think MT5 is an excellent platform for anyone who wants to get really stuck into market analysis. It has everything you need to build complex trading strategy templates for manual trading. You can find signals based on your own preferred method of analysis and take advantage of a great variety of trading tools. I also find the platform to be perfect for automated trading. You can turn your manual strategies into trading robots and back test them over historical tick data using the built-in multi-currency strategy tester. Whatever your trading style, MT5 can handle it all from analysis to placing and managing orders with the utmost efficiency.
MetaTrader 5 Features
- The market watch window displays the fluctuating values of the ‘bid’ and ‘ask’ prices of all the instruments in real time. This market watch is customizable
- Advanced charting using multiple chart windows; up to 100 at the same time
- 3 chart styles display each asset price on up to 21 time frames
- It has 38 inbuilt technical indicators which can be extended with plugin apps
- It has the ‘Auto Trading’ feature which activates Expert advisors (EAs); trading robots scripted with the MQL5
- The ‘Market’ tab gives access to the MQL5 market where traders can buy EAs, indicators, etc
- The calendar tab displays the economic calendar
This is the mobile version of the Trade360 proprietary platform. It is developed for iOS and Android devices. The app is modern, sleek, user-friendly and very convenient for monitoring the markets and trading on the go. You can download the app for free and take Trade360’s revolutionary Crowd Trading technology with you everywhere to see how traders around the world buy and sell their favourite assets.
Trade360 App Features
- Live quotes of all tradable assets
- Trade360 innovative CrowdTrading technology is fully featured
- Switch between practice and real accounts with one tap
- Deposit funds, request withdrawal and view account history
- Place orders using multiple orders, modify or close orders
- Set price alerts for favourite instruments
- Up to 8 chart styles displayable on 10 timeframes
- Over 115 technical indicators
The Trade360 WebTrader platform is packed with tools from the simplest moving average and oscillators, through fractals and pivot points, you can quickly assess trends and volumes, and mark your charts to your heart’s content. Then you have the extensive choice of trading tools in the MT5 platforms for conducting chart analysis as simplistic or complex as you need it to be. You can also get loads more free and paid tools from the MQL marketplace or create your own using the MQL editor. If you don’t have the coding skills to do so, you could always hire a freelancer to help bring your manual and automated trading systems to life. If that wasn’t enough, Trade360 also provide some standalone tools to make sure you have the right resources to analyse the markets to make informed decisions.
This calendar is an important tool in fundamental analysis. It is available on the website and also on the two trading platforms which I think makes it easier to access. The economic calendar shows the dates and times of important economic events and their forecasted effects on the financial markets. Traders speculate a lot before and after these events. The calendar also shows the history of past events and their impacts. I think this is a vital tool and I always like to try and check the news before making any trade decision.
This feature is found on the right hand side of the proprietary online trading platform. It keeps updating the trader with market data in real time. Here are its data types:
- Trend Spotting: Shows the percentage of clients buying or selling a particular asset.
- Trend Reversal: Displays when there is a sudden change in trend direction of an asset.
- Moving Fast: Shows the rapid buy or sell of an asset within a short time interval.
- Surge in Openings: Shows when an asset experience more than the normal number of open positions within a time interval.
- Growth in Trading: Shows the percentage trading volume of an asset.
- Going Down: Shows the downtrend percentage of an asset.
- Going Up: Represents an uptrend.
This is one of my favourite trading tools so it is great to see that expert technical analysis powered by the fantastic Trading Central is available at no cost to traders who deposit at least $1,000. Trading Central is a certified financial research firm that provides trading tools and incisive technical and fundamental analysis on a wide variety of trading instruments. I think it is brilliant for automatically scanning the markets to alert you when there are signals according to your preferences. It can literally save you from hours of needing to watch charts.
Trading Central provides traders with open, close and directional data for tradeable assets throughout the day. They are usually generated using complex algorithms, then filtered and confirmed by human analysts to be used as a complement to daily fundamental indicators. The software amalgamates automated AI analytics with the investment advice of registered expert analysts located around the world who maintain a watchful eye over fundamental, technical, news and sentiment developments. Used carefully, a trader can also modify an open position in accordance with new data. The company maintains 24-hour global coverage so as to place the next set of signals within a holistic framework, thus providing the best of all possible worlds.
There is a limited amount of educational resources on the Trade360 website, including some handy trading guides. However, there certainly isn’t enough to educate the absolute beginner. If you fall into that category, then you may want to consider IronFX instead. They have lots of educational content to bring you up to speed with the markets.
There is a good range of multiple CFD asset classes, including stocks, ETFs, commodities, indices and Forex. You can trade on CFDs for oil & gold, Nikkei & Nasdaq, and CFDs for stocks from Apple to Yum! Whatever your interests, there is something for everyone to trade. If you want an even greater selection, have a look at RoboForex as they have thousands of CFD instruments.
- Forex Pairs
- Stock CFDs
It is good to see that Trade360 have a nice variety of account types to choose from depending on your capital and platforms that you wish to use. All accounts have access to trade online using the brokers platform incorporating the innovative Crowd Trading technology. Islamic360 swap-free accounts that comply with Sharia law are available on request as are professional accounts for those of you who qualify. Practice accounts are also available at no risk to the traders and come preloaded with $10,000 virtual currency. These can be a good way to familiarise yourself with the trading platforms and practice your trading strategies.
- No commission per lot
- Variable spreads
- Spreads from 1.8 pip
- Leverage 1:30
- Micro Lot Trading (0.01)
- All trading instruments
- $450 minimum deposit
- No commission per lot
- Variable spreads
- Spreads from 1 pip
- Leverage 1:30
- Micro Lot Trading (0.01)
- All trading instruments
- $10,000 minimum deposit
- $7 commission per lot
- Variable spreads
- Spreads from 0 pips
- Leverage 1:30
- Micro Lot Trading (0.01)
- All trading instruments
- $50,000 minimum deposit
I would say the classic account could be a good option for those who are new to trading online and just want to get a feel for trading in a real environment. However, the spreads and great for scalping. If you are using scalping strategies like myself then you would probably be looking at the zero-spread account. It has spreads from just 0.0 pips and a pretty standard $7 commission fee. It could still work out cheaper than the premium account that has no commission fee but overall, I think the difference would be negligible unless you are trading significant volume. The problem is the zero spread account has a large $50,000 deposit requirement which may be unachievable for most. If you are using scalping systems and do require spreads from as low as 0.0 pips, then you may want to have a look at Pepperstone. They can give you access to zero pip spreads with a minimum deposit of just $200. The following account types are available:
Trade360 customer service department is always available 24/5, when the markets are open. They can be reached on phone, email, fax and through the online web chat facility on the website. A ‘Contact us’ form is also available on the support page of the website. This form can be used by enquirers to ask questions. The support team usually reply via email within 24 hours. A FAQ page is provided with answers to about 70 questions likely asked by prospective clients. This can be a quick way to get an answer to questions that you may have without needing to wait around for support. Trade360 is on various social media channels inclduing Facebook, Twitter, and YouTube.
Trade360 has a good variety of several payment options for you to make deposits and withdrawals to and from your trading account. I was especially pleased with the availability of digital wallets as I find this to be the most convenient way for me to move funds between my trading accounts. It is worth pointing out that the payment options available to you depend on your country of residence. They don’t support crypto funding but Hankotrade do if that is something that you are looking for in a broker.
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Overall, I think Trade360 is a good broker that focuses it services on their clients which is very important. Its award-winning innovative Crowd Trading technology is designed to help you succeed by improving your market analysis and is something that I haven’t seen from many other brokers. I can also trade with confidence knowing that the brand is regulated by CySEC meaning that it must follow the stringent rules that are implemented to protect investors, which includes client fund segregation.
You can trade a great choice of over 500 instruments on user-friendly platforms that are packed with all of the tools most traders will ever need. The partnership with Trading Central is very beneficial as the analysis from the research firm are comprehensive and frequently updated. This can help you to sport trading signals and make informed decisions.
Despite the positives, there are some areas in which I feel there is room for improvements. Trade360 does not have a trading academy on its website so the educational content is lacking. The required deposit to get access to 0.0 pip spreads is also very high compared to brokers who have similar conditions available for just $5, such as XM Group.
If you are not a scalper and can see past these minor hiccups, I think they are worth at least trying out on a demo account to begin with to see if they can meet your induvial needs. Otherwise, please feel free to take a look at our best brokers for some other options.
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