Trade360 Review 2024

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Trade360 is an online broker offering CFD and forex trading opportunities, alongside propriety algorithmic software, CrowdTrading. Our UK review will cover the features of Trade360, how to register for an account, minimum deposit requirements, testimonials, fees, FAQs, and more. Find out whether to sign up and start trading today.

About Trade360

Trade360 was established in 2013. The company is owned and operated by Crowd Tech Ltd, with a head office location in Cyprus. The financial broker complies with CySEC regulation and has FCA authorisation for its UK operations. The CEO emphasises the company’s aims to deliver transparency, advanced technology, and integrity. Australian cricket professional Steve Smith is the broker’s official partner.

Trading Platforms

Trade360 supports two trading platforms; MetaTrader 5 and WebTrader. The industry-established MT5 is available for free download to mobile or desktop devices. WebTrader is compatible with all major web browsers including Safari, Google Chrome, Internet Explorer and Firefox.

WebTrader

Access 500+ CFDs across multiple asset classes with sophisticated analysis tools and order options:

• Position simulator
• Economic calendar
• One-click execution
• Integrated live chat
• CrowdTrading feed
• 120+ technical indicators
• Simple, easy to use layout
• Advanced graphing instruments and charting tools

MT5

Access up to 1,000 assets using an advanced investing terminal aimed at established investors:

• 21 timeframes
• MQL-5 language
• MT5 community chat
• 82 technical indicators
• Access to expert advisors
• Built-in economic calendar
• Hedging and netting supported
• 6 orders types and 4 execution types

Assets

The broker offers CFD trading opportunities in the following markets:

• ETFs – 40+ leading products including FEZ and QQQ
• Indices – 7 index CFDs including Dow Jones and DAX 30
• Commodities – 4 commodities including gold, silver, oil, and natural gas
• Stocks – 450+ stocks from global companies such as Apple, McDonald’s, and Microsoft
• Forex CFDs – 45+ currency pairs, including majors, minors and exotics. Pairs include GBP/USD and GBP/AUD

Note, Trade360 does not offer cryptocurrency and Bitcoin trading.

Fees

The broker does not charge a commission on any transactions. Spreads are fixed and vary between account types. These are comparatively higher vs competitors and unfavourable for the lower account levels such as the Mini. The GBP/USD pair is offered at 5 pips with the EUR/USD at 4 pips. Spreads are more favourable with the higher level accounts such as the Diamond. GBP/USD and EUR/USD pairs are offered at 2 pips. Commodities such as Crude Oil are offered at 8 pips with the Mini vs 4 pips on the Diamond account.

Our broker review was disappointed to see a maintenance fee after 45 days of no activity. For UK traders this is charged at $100 or GBP equivalent. Visit the Trade360 terms and conditions section of the website for full details. The broker also charges swap rates for positions held overnight.

UK Leverage

Leverage for UK traders is aligned with ESMA regulations. Maximum leverage is capped at 1:30 for forex pairs. Indices and commodities are offered at a maximum of 1:20. All stocks and ETF assets are offered up to 1:5. Clients can select their leverage and risk appetite for every trade using the Leverage Self-Select tool.

Mobile Apps

Trade360 offers an award-winning mobile app. This is available as a free download to iOS and Android devices via the relevant app store. Access the full suite of trading platform features, so you can view your portfolio and respond to market movements while on the go.

Features of the application include:

• 500+ assets
• Position simulator
• Integrated live chat
• CrowdTrading technology
• Hundreds of technical tools
• View instrument opening hours
• Asset daily range & volatility information

MT5 also supports a mobile trading app. Access all features of the desktop version from your phone or tablet.

Deposits

Minimum deposits vary by account type, with the lowest requirement of $250 on the Mini solution. Payments are made via the ‘deposit’ button in the top right corner of the platform screen. Accepted methods include:

• E-wallets
• Credit/debit cards
• Online bank transfers

Processing times can vary, however, e-wallets usually provide instant funding.

Withdrawals

Trade360 does not charge a withdrawal fee. All funds must be withdrawn to the same payment method used to deposit. Withdrawals are made via the ‘withdraw funds’ button on the left side menu on the platform screen. KYC compliance documents must be submitted before your withdrawal can be processed. Payments are usually completed within 3 working days.

Demo Account

Trade360 offers a demo account with access to $10,000 in virtual funds. Account registration and login are required. There is no maximum time limit. These accounts are a good way to become familiar with platforms and to test strategies risk-free.

Regulation Review

The Trade360 EU affiliate is licensed as a foreign exchange broker. The company is authorised by the Cyprus Securities and Exchange Commission (CySEC). The broker also follows the Markets in Financial Instruments Directive (MiFID) and has Financial Conduct Authority (FCA) licensing for their UK services. UK traders can be assured of segregated funds and investor protection schemes.

Additional Features

Trade360 offers additional educational resources on their website. Topics include forex trading and strategies. Financial market news, a blog-style forum, and a daily market report are also supported. Informative video content is supplied on the Trade360 YouTube page. Traders can view news, announcements, world events, and product analysis within the WebTrader platform.

CrowdTrading is Trade 360’s proprietary system comprising market sentiment tools and live streaming events. Algorithms provide traders access to new trends, changes to market volume and volatility, and position surges across all assets including stocks. These features are integrated within the WebTrader platform, in an informative live event stream known as the CrowdFeed.

The broker is also associated with Trading Central, offering prime financial signals via the platform at no additional cost.

Live Accounts

The broker offers 6 account types. All Trade360 accounts offer 24/5 live chat support, CrowdFeed access, and market signals. The MT5 platform is offered to all accounts except Mini.

Account details include:

• Mini – $250 minimum deposit, $1,000 minimum line
• Standard – $1,000 minimum deposit
• Gold – $5,000 minimum deposit
• Platinum – $10,000 minimum deposit
• Diamond – $50,000 minimum deposit
• VIP – $100,000 minimum deposit, $1,000,000 minimum line

To open a live account, clients must complete an online registration form. Identification documents and proof of residency are required to comply with the broker’s anti-money laundering and KYC checks. An Islamic account is available upon request.

Pros

Highlights we found in our Trade 360 review include:

• API trading
• Mobile app
• FCA regulation
• Easy account finance
• Leverage Self-Select tool
• CrowdTrading proprietary software
• Demo account with access to virtual funds

Cons

Downsides of the Trade360 offering include:

• Zero no deposit bonus
• Negative trader reviews
• No MT4 trading platform
• High spreads for Mini Account
• High minimum deposit requirements
• Inactivity fee after 45 days of zero transactions

Opening Hours

The broker offers 24-hour weekday trading, though opening hours may vary by asset. A full list of trading hours and public holidays is published on the broker’s website. Note, withdrawals can be requested at any time.

Contact Details

Trade360 offers various customer contact options:

• Email – support@trade360.com
• Phone number – +357-25-030-622
• Online contact form – contact section
• Live chat – 24/5 Monday to Friday via the broker’s website
• Address – 116 Gladstonos, M.Kyprianou House, 3rd & 4th Floors, 3032, Limassol, Cyprus

An online help centre is also hosted on the broker’s website. This includes topics such as how to delete a Trade360.com account, login issues, or how to make a complaint.

Security

User authentication SSL protocols are active on both PC and mobile. The platforms assure high-tech encryptions and industry-standard data privacy. Deposit payments integrate 3D secure authentication. The broker also supports a 360Sheild trading protection programme. This involves top tips for trading, how to protect your funds and understanding regulation.

Should You Open An Account With Trade360?

Trade360 provides trading opportunities on the established MT5 and the proprietary WebTrader platform. The bespoke CrowdTrading software also provides a unique investing environment. UK traders should feel assured of FCA authorisation, however, it is disappointing to see a costly maintenance fee, limited trading instruments and high spreads, particularly on the lower-level accounts. There are also come concerning customer reviews online.

FAQ

Top 3 Trade360 Alternatives

These brokers are the most similar to Trade360:

1. Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
2. Admiral Markets - Admirals is a multi-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.
3. FP Markets - Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.

Trade360 Feature Comparison

Trading Instruments Comparison

Trade360 vs Other Brokers

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