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Trade360 vs FOREX.com - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsPublished: October 21, 2020
EditorEditor: Chris CammackUpdated: November 15, 2023

Last Updated On November 15, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

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Broker Score
Risk Statement
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Acct
Trading Platforms
Funding Methods
Trading Commission
1110.503.80/ 5 69.7% of retail CFD accounts lose moneyGBP 250CySEC Regulated BrokersASIC Regulated BrokersFinansinspektionenBundesanstalt für FinanzdienstleistungsaufsichtMarket MakerCommodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices480
  • Good range of accounts
  • Wide range of assets
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
Read Review 11110.54.5/ 5 1110.503.5/ 5 11110.54.5/ 5 11110.54.5/ 5 10.50001.5/ 5 1110.503.5/ 5 111104/ 5 69.7%400:12 pips Gold, Diamond, Mini, MT5 Standard, MT5 Zero, Platinum, Standard, VIP MT5, SirixVisa, Mastercard, Bank Transfer, Skrill, NetellerFees Included in Spread
11110.54.62/ 5 Hello Chris 68% of retail CFD accounts lose moneyGBP 100FCA Regulated Forex BrokersMarket MakerCommodities, Stock CFDs, Forex, Indices, Metals910
  • Well regulated
  • Wide range of assets
  • Excellent education
  • High inactivity fees
  • Limited demo account
Read Review 111115/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 111104/ 5 111104/ 5 68%30:10.70 pips Commission, DMA Account, MT4, MT5, Standard MT4, TradingView, FOREX.com Web TraderBank Transfer, Visa, Mastercard, Maestro, PaypalFees Included in Spread

How do FOREX.com and Trade360 stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

FOREX.com

Trade360

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare FOREX.com and Trade360, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does FOREX.com or Trade360 have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that FOREX.com holds one Tier 1 and no Tier 2 licences, and Trade360 holds three Tier 1 and one Tier 2 licences.

 

Is FOREX.com financially regulated?

Yes FOREX.com was founded in 2001 and is regulated by FCA.

 

Is Trade360 financially regulated?

Yes Trade360 was founded in 2013 and is regulated by ASIC, BaFin, CySEC and Fi.

 

Based on these findings, FOREX.com earned a higher trust rating than Trade360.

Does FOREX.com or Trade360 have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that FOREX.com has overall lower trading costs than Trade360. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Trade360
1110.503.5/ 5
4.00 pips
USD 40
2.00 pips
3.00 pips
3.00 pips
USD 0
FOREX.com
111115/ 5
USD, EUR, CAD, JPY, CHF, AUD, GBP
0.70 pips
USD 7
0.70 pips
1.10 pips
1.40 pips
USD 0

 

Does FOREX.com or Trade360 offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, 0 offers support for and 0 offers support for . 

Do the brokers offer copy trading?

In this case both FOREX.com and Trade360 offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
Trade360
11110.54.5/ 5
Sirix
FOREX.com
11110.54.5/ 5
TradingView
FOREX.com Web Trader

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that FOREX.com offers a greater range and depth of instruments to trade than Trade360. FOREX.com offers 91 Forex pairs to trade and Trade360 offers 48 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, 0 offers 0 cryptocurrencies while 0 offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with 0.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that FOREX.com charges a withdrawal fee and Trade360 does not. Overall, 0 has better deposit and withdrawal processes than 0. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

FOREX.com has better educational support than Trade360. Both FOREX.com and Trade360 offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Trade360
FOREX.com

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that FOREX.com offers better research analysis than Trade360 and that both FOREX.com and Trade360 offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Trade360
FOREX.com

 

Our overall Verdict on FOREX.com

Founded in 2001, FOREX.com is an FCA-regulated broker with a 100 GBP minimum deposit suitable for serious beginners and more experienced traders. The Standard and MT4 accounts have slightly higher costs than entry-level accounts at other popular UK brokers, with spreads usually averaging about 1 pip on the EUR/USD. Experienced traders will like the DMA account with a minimum deposit of 25,000 GBP but raw spreads (0.0 pips on the EUR/USD) and some of the lowest commissions in the industry. 

FOREX.com provides support for MT4, TradingView, and its own trading platform. Experienced traders will appreciate the range of trading tools, including Trading Central, SMART Signals, and subsidised VPS hosting. Education and market analysis are both excellent, and traders will appreciate the wide range of tradable assets, including over 91 currency pairs, 5500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.

Overall, while lower spreads can be found at other brokers, FOREX.com ticks all the boxes for those looking for a wide range of assets to trade and a choice of trading platforms.

Our overall Verdict on Trade360

With a wide range of account types and its unique CrowdTrading platform, Trade360 appeals to traders looking for flexible trading conditions and those who rely on sentiment indicators to make trading decisions. Unfortunately, Trade360 also has higher minimum deposits and higher trading costs than most other brokers.

Trade360 prides itself on its unique proprietary platform, CrowdTrading, which monitors all trader activity and computes the data instantaneously to provide inspiration for trading strategies. In theory, this is particularly useful when trying to pinpoint the peak or trough of demand for a certain asset - thus informing traders when to buy or sell the same asset.

With six live accounts, Trade360 offers trading on multiple instruments, including Forex, commodities, metals, oil, indices, ETFs, and stocks.  Trading conditions at Trade360 are extremely poor compared to other market maker brokers, with spreads that start at 4 pips on the EUR/USD in exchange for a minimum deposit of 250 USD on its entry-level account.  Trading conditions improve with higher minimum deposits, and clients are afforded slightly tighter spreads, more flexibility, and increasing account benefits. Traders can also adjust their leverage to suit their risk appetite.  

Overall, Trade360 stands out for its unique approach to crowd trading and flexible trading conditions on a wide range of account choices, but the relatively high trading costs will put many traders off.

Which broker has the highest overall rating?

FOREX.com has an overall rating of 4.62 and Trade360 has an overall rating of 3.80. For more detail please read our reviews of FOREX.com and Trade360.

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