Trade360 Review 2023: Account Options, Trading Hours, Security Measures, Pros and Cons

Trade360 emerges as a premier CFD and forex broker, setting itself apart with its expertise in crowd trading. This article examines the nuances of the Trade360 platform, exploring its login process, key attributes, regulatory framework, and seamless withdrawal procedures. Discover if Trade360 aligns with your trading aspirations.

Trade360 in Detail

Founded in 2013, Trade360 operates under Crowd Tech Ltd, an esteemed Cypriot investment firm. The brokerage stands as a regulated entity sanctioned by the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment for its clients.

Exploring Trade360's Offerings

Offering to a diverse global clientele, Trade360 boasts an array of products and trading platforms. Notably, it has garnered attention for its collaboration with renowned Australian cricketer Steve Smith.

Dive into the Trading Platforms

Online Trading Platform: Insights at Your Fingertips

Prospective users gain a glimpse into the online trading platform and MT5 even before the registration phase. Once registered, users seamlessly access the platform, initiating trades effortlessly.

The Trade360 online system presents the distinctive Live Feed, a product of crowd trading that showcases the buying and selling trends among traders for specific assets. This invaluable insight aids decision-making processes. The user-friendly layout caters to novices, enabling one-click transactions. Furthermore, the website encompasses an economic calendar, daily market reports, and advanced graphical tools for comprehensive technical market analysis.

MT5:

Trade360 is having a MT5 platform, a cutting-edge downloadable platform, empowers users with access to forex and stock market operations. It facilitates both technical and fundamental analysis, equipped with an extensive array of indicators, diverse charting options, and intricate order functionalities. This platform is a haven for seasoned traders seeking customizability and access to the MetaTrader Market, offering a plethora of downloadable tools and features.

Kindly note that this brokerage does not support MT4.

Diverse Product Offerings at Trade360

Extensive Array of Tradable Instruments

At Trade360, clients gain access to an impressive selection of over 200 tradeable products, ensuring a diverse and comprehensive trading experience:

• ETFs: Choose from a collection of 40+ ETF CFDs.
• Forex: Engage in trading with over 40 currency pairs.
• Commodities: Explore 4 commodities, including precious metals and oil.
• Stocks: Access hundreds of global companies such as Twitter and Starbucks.
• Indices: Trade across 7 prime indices, including Dow Jones and the Dax 40.

A Call for Enhanced Offerings

To enhance its standing and broaden its appeal, this review suggests the inclusion of cryptocurrency trading, particularly the inclusion of popular options like Bitcoin.

Spreads, Commissions, and Fees

Insights into Trade360's Cost Structure

Trade360's fee structure presents a few considerations for traders:

• Spreads: The broker exhibits relatively higher spreads compared to larger peers. Notably, EUR/USD holds a spread of 3 pips, while GBP/USD stands at 5 pips.
• Account Maintenance Fee: A fixed $100 fee is charged for account maintenance every 45 days, which this review finds as a drawback.
• Commission for Overnight Positions: Additionally, there's a commission applied for holding positions open overnight.

Detailed Fee Information

For a comprehensive understanding of Trade360's fees, interested parties can refer to the terms and conditions section on the broker's website.

Leveraged Trading with Trade360

Trade360 presents opportunities for leveraged trading, with varying leverage limits across different instruments:

• Forex Pairs: Maximum leverage of 1:30 is available, although the majority are offered at 1:20. Gold exhibits a leverage of 1:30, while other commodities hold a 1:20 leverage.
• Stocks and ETFs: A maximum leverage of 1:5 is applicable.
• Indices: Leverage offered stands at 1:20.

Accessible Trading through Mobile Apps

Trade360 provides a fully featured mobile app, accessible for download on both the Apple App Store and Google Play Store. The app mirrors the online platform, offering a user-friendly interface. It includes features like the live feed for crowd trading, interactive real-time rate charts, and daily range tracking for an engaging and convenient trading experience.

Managing Payments with Trade360

Deposits

Funding your Trade360 account offers a variety of methods, including:

• Credit/Debit Cards
• eWallet
• Online/Local Bank Transfer

Payments are conveniently facilitated through the website's Payment Page. Please note that currently, deposits via the mobile app are limited to credit card transactions.

Minimum Deposits by Account Type:

• Mini Account: $250
• Standard360 Account: $1,000
• Gold Account: $5,000
• Platinum Account: $10,000
• Diamond Account: $50,000
• Islamic360 Account: $10,000

Withdrawals

For initiating a withdrawal request, traders need to furnish:

• Photo-ID
• Credit Card Details
• Proof of Residence Documentation

Trade360 processes withdrawals using the same payment method employed for deposits, refunding up to the initial deposit amount. Any excess is settled via direct bank transfer.

Withdrawal requests undergo processing within three business days. However, the duration for fund reception hinges upon the chosen payment method.

Demo Account:

Prospective clients at Trade360 can access a demo account without the necessity of an initial deposit. This account provides a virtual bankroll, enabling exploration of various trading products and familiarization with the broker's services.

Insights into Bonuses and Promotions

Currently, Trade360 does not feature promotional deals or no deposit bonuses, consistent with regulations governing most CySEC-regulated firms.

Regulatory Compliance and Client Protection

Trade360 holds licenses from prominent regulatory bodies:

• Cyprus Securities and Exchange Commission (CySEC)
• Registered with the UK’s Financial Conduct Authority (FCA) within the European Economic Area

However, it is important to note that the company is not under the regulation of the Australian Securities & Investments Commission (ASIC).

Investor Protection Measures

The parent company, Crowd Tech Ltd, subscribes to the Investor Compensation Fund. This safeguard ensures the return of client funds if they are wrongfully withheld.

Overall Assessment

Our evaluation confirms Trade360 as a credible and authentic brokerage. Despite minor exceptions, customer experiences have not indicated widespread withdrawal issues.

Value-Adding Features

The inclusion of CrowdTradingTM stands as a notable enhancement. This feature allows clients to observe and analyze other clients' trading behaviors, offering valuable insights into market sentiment and successful trader reactions to price movements.

Collaborative Enhancements and Account Offerings at Trade360

Innovative Partnerships

Trade360 recently teamed up with Trading CentralTM, an investment decision support tool. This integration is seamlessly accessible within the online platform via the tool logo.

Diverse Account Levels

Trade360 presents five account tiers: Mini, Standard360, Gold, Platinum, and Diamond. Each account grants access to a minimum line, except for the ‘Mini’ account, which offers a minimum line of 1000 USD. While the Mini account doesn't support MT5, all other accounts provide 24/5 live chat support on the website. Account types starting from Gold level offer personalized notifications, exclusive video market updates, and an Islamic account is available upon request.

Professional Account for Seasoned Traders

For professional traders, Trade360 offers a specialized Professional account. This account comes with advantageous features, including leverage ratios of 1:400 and protection against negative balance.

Trading Hours and Customer Support

Trading Accessibility and Support Options

Trade360’s website is accessible 24/7, yet trading hours vary based on assets. Forex pairs are tradable from 10 pm on Sunday to 9 pm on Friday. Stocks are available for trading during normal weekday hours, while most indices and commodities can be traded from Sunday evening to Friday evening. For specific details, prospective clients should refer to Trade360's website.

Customer Support

Clients have diverse options to reach customer support, curated by the broker’s CEO:

• Live Chat: Accessible 24/5 Monday to Friday via the speech bubble icon on the homepage.
• Contact Form: Available on the Contact page.
• Phone: +357-25-030-622
• Email: support@trade360.com

Additionally, the website hosts a comprehensive Help Centre featuring extensive FAQ pages addressing account support queries.

Trader Security and Broker Assessment

Robust Security Measures

Trade360 ensures a high level of site security and data protection throughout and post-login. The broker implements various measures, including separate servers across geographical locations to segregate online activity and transaction information, a dual firewall protection system, and Verisign SSL for user authentication.

Verdict on Trade360

As a CySEC-regulated broker, Trade360 distinguishes itself through CrowdTradingTM technology. The proprietary and MT5 platforms offer security and user-friendliness, although our review identified concerns regarding wide spreads and significant account maintenance fees. Consequently, Trade360 may not be the top choice for all traders.

Pros and Cons of Trade360

Advantages:

• CrowdFeed technology for real-time market trend data.
• WebTrader 4 and MetaTrader 5 trading platforms.
• Insights from Trading Central.
• Regulators in Cyprus and Australia.
• A diverse range of markets available upon request, including foreign exchange, commodities, stocks, ETFs, and cryptocurrencies.

Disadvantages:

• Wide spreads starting from 2.0 pips for EUR/USD pair.
• Minimum deposit requirement of 250 USD.

Trade360 Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.