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Trade3603 min read
Broker Review
Trade360 offers customers an independent trading platform where you can trade CFDs and Forex products. Coining the term CrowdTrading, Trade360 is owned by ST Services LTD. and is recognized as the operators previously behind MPF Global Markets LTD. Nowadays, Trade360 supports the trading of commodities, currencies, indices, ETFs, and stocks in the form of contracts-for-difference. This broker offers highly competitive online trading conditions and itself the CFD trading platform is guaranteed to be safe.
Platforms
82
Usability
70
Assets
73
Users rating5 Votes
65
Pros Broker
CrowdTrading algorithm
Hundreds of trading instruments
Provides signals
No commission or withdrawal fees
Cons Broker
Limited choice of platforms
No education center
No scalping allowed
No account management services
75
Overall Broker Rating
Visit Broker

Review of the company

Trade360, founded in 2013, is a trademark of ST Services LTD, which is licensed and regulated by the CySEC under license № 202/13, which supports more than 200 traded financial instruments. This company is also authorized by the Financial Instrument Market (MiFID) to provide financial services for citizens of the EU. Trade360 offers customers the opportunity to trade a fairly extensive range of CFDs. Social trading is now a popular type of trading because it helps beginners to copy trades from more experienced traders. CrowdTrading is a way to interact with the best traders to better assess the state of the markets.

Trading platforms

While most brokers use the MT4, Trade360 uses its own unique design platform, which supports their CrowdTrading tools – it is built on a web basis and is also available for mobile devices iOS and Android. The platform features a simple, clean and intuitive interface that makes it easy for anyone to trade there. The broker also offers the MT5 platform, but it is available for more experienced traders, since this platform is not available for mini accounts, which means novice traders will not be able to use it.

Trade360 differs from other brokers by constantly showing what professional investors do. This is not about the so-called “copy trading” when orders are placed automatically, but about general tips for improving trade. An example of such a message looks like this: EUR / USD fell 0.3% in the last 7 minutes. You can also link your Facebook and Google+ accounts to your trading account. This allows for an additional and external social dimension for your trading experience.

Account types

Trade360 has six different types of accounts, each of which consists of the level of preparation of the trader and the size of his capital, where the minimum deposits vary from 500 to 50,000 US dollars. You can create a trading account with a deposit of $500. Then you will be assigned a so-called “mini” account. Trade360 offers new entrants a no deposit bonus of $50 if the phone number is confirmed. Available account types are: Mini, Standard, Gold, Platinum, Diamond and Islamic. It is worth noting that this broker offers a real-time demo account for all participants after registration plus the swap-free Islamic account.

Trading education

You will not find educational trading guides, articles, or video on the site, only a category “Help Center” with general questions, so it is better for beginners to find another broker. This may be due to the fact that Trade360 is aimed at professional traders to make trading decisions instead of more traditional methods. Note that for each trader the most appropriate and successful approach to trading can be different. It’s best to try several different approaches and find the one that works best for you.

Methods of payment

Trade360 supports the most popular methods deposit, however, like many other brokers: Credit Cards, PayPal, AmEx and JCB. In addition, you can use Skrill and Neteller to replenish trading accounts, bank transfers are also accepted. Each of these methods is safe to use and impervious to third-party interception, so you don’t have to worry. The company does not charge a commission for deposits. Withdrawals usually take 3 to 10 business days, depending on the withdrawal method you choose. Once the verification is done, withdrawals can quickly be processed without delays.

Customer service

Customer service is bilingual and the website is available in multiple languages. Because CrowdTrading is a relatively new concept, there are inevitably many questions, and support is always there to help. You can reach them via phone, e-mail, live chat, and even WhatsApp. Customer service is available 24/5 to help you with any problems you may encounter.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.