Trade360 Review

MIN. DEPOSIT $25
Up to 400:1
Up to $60 BONUS
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Trade360
Up to $60
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Overview

Company Information   Trade360 is one of the newest Forex online brokers that offers a unique trading experience and great social features. The company owning the brand is TradelB Ltd.,… more

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Details

Broker Trade360
Website URL https://www.trade360.com/en-GB/
Founded 2013
Headquarters Limassol, Cyprus
Support Number +44-203-695-8525
Support Email support@trade360.com
Support Types Phone, Live, Chat, E-mail
Languages English, Dutch, German
Minimum 1st Deposit $25
Minimum Trade Amount 0.05 lots
Bonus Up to $60
Payout Up to 400:1
Free Demo Account Yes
Regulated Yes
Regulation Cyprus Securities Exchange Commission (CySEC); Markets in Financial Instruments Directive (MiFID)
Account Types Live, Islamic, Practice
Deposit Methods Visa, MasterCard, Maestro, American Express, Diners Club, Skrill, Neteller
Withdrawal Methods Visa, MasterCard, Maestro, American Express, Diners Club, Skrill, Neteller
Types of Assets Forex, Commodities, Stocks, CFDs, Indices
Account Currency USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

 

Trade360 is one of the newest Forex online brokers that offers a unique trading experience and great social features. The company owning the brand is TradelB Ltd., and it launched its online services in 2013. The company’s headquarters are located in Limassol, Cyprus. It’s a fully regulated broker that operates under the authority of CySEC in Cyprus and is MiFID compliant. The company is currently pending a registration approval from the FCA in the UK. Trade360 takes a new approach in offering online brokerage services by providing traders with the new concept of CrowTrading. This common type of trading is based on the principle that a combined knowledge is better than that of a single individual. Interacting with other traders about strategies, market analysis, and trading experience is critical in the modern world. This allows beginner and expert traders to share their knowledge and profit by testing new strategies or relying on old ones.

 

Trading Information

 

Trade360 currently offers one account type. It’s called the “Standard” account and has a very low $25 deposit requirement. This is done on purpose. The goal of the company is to bring together traders on equal terms and not divide them into classes. It significantly improves the overall knowledge by putting traders in the same trading environment. The spreads offered are variable and can go as low as 2.3 pips for majors. The typical spread is around 2.8 pips. While not high these spreads are small enough to be competitive in the online brokerage industry. Trading instruments offered for this account are Forex, Stocks, CFD’s, Indexes and ETF. The assets are leveraged differently depending on the instrument and can go from 1:20 to 1:200. The margin call level is at 50%, and the stop out level is at 4%. The number of currency pairs offered is 120 and is way above the industry standard. All the features offered by Trade360 make it a real competitor for the top names in the brokerage world. Let’s see more about the CrowdTrading Platform.

 

Trading Platforms

 

As mentioned before Trade360 have not gone the usual way and have made their platform. People who are fond of the Metatrader4 platform might be disappointed a bit because the CrowdTrading platform is a lot different. It offers enough instruments and features that can be appreciated by beginner and expert traders but are nowhere near the levels of complexity of the MT4. That being said the platform is a crowd pleaser. It doesn’t require additional installation and downloads, and you can use it directly from your browser. This is great because compared to the MT4 we rarely see it with a web-based platform. Recently the company launched their application which you can find in the Apple App Store and the Google Play store. The customizable interface will make expert traders happy because they can create their personalized trading environment. And let’s not forget that, unlike the MT4 this platform offers a lot of social interaction and free access to trading strategies.

 

Security and Customer Services

 

The security at Trade360 is provided by the SSL encryption that protects your personal data. It means that your personal information is invulnerable to hacking attempts. The “segregated account” option gives you a piece of mind that your funds are kept separate from the company’s operational funds. The money is deposited into tier 1 bank accounts and can only be accessed if you want it. The customer support is also at a very high level. You have a ton of ways to contact the client care team. There are a couple of phone numbers you can call, an email and a postal address of their office in Limassol, Cyprus. The Live Chat support system is great, and you can ask any questions even before you make an account. The website is translated into three languages (English, Dutch, and German). This is not the best language support we’ve seen on the market, but it’s sufficient enough. The educational materials you can find on their website are just superb. There is information about everything you need to know about trading or using the CrowdTrading platform. There is a help center where you can find helpful information on deposits, withdrawals or the frequently asked questions.

 

Deposits and Withdraws

 

Depositing money into your Trade360 account is made easy, and there are plenty of money transfer methods. The minimum deposit as mentioned is $25, and there is no indication on what the maximum could be. The withdrawal process is also easy. You can use the same method you used to deposit the money, but remember to send your AML identity information first. This will substantially reduce the processing times, and there wouldn’t be any delays when there are cross-border restrictions. The usual processing time for a withdrawal request is 24 hours (on a business day). And the time it takes for the money to appear in your bank account goes from 3-4 business days to 10 business days at most.

 

Deposit Bonus and Loyalty Programs
The first bonus offered by Trade360 is called the “Practice bonus.” The company will give you rewards to up to $60 if you join their Practice account. You can earn real money without risking anything. The second bonus is the “Get $50 for your phone number”. You just need to login into your registered account enter your phone number and you’ll get a bonus of $50. The final bonus is their up to 40% deposit bonus. The more money you deposit, the bigger your bonus percentage becomes.

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