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Trade360 Review

FX Author By Jeffrey Cammack Author Information Updated: September 18, 2020
Overall Rating
3.24 3.24 / 5
Min. Deposit GBP 500
Max. Leverage 20:1
Min. Spread 1.8 pips
Regulators CySEC
Regulator Origin CySEC
Trading Desk Type

Summary

For a minimum deposit of 500 USD, you can try the innovative CrowdTrading trading platform built by Trade360. The CrowdTrading algorithm constantly examines Trade360 client activity, spots changes in price action and highlights these changes to help traders make better decisions.

A market-maker broker regulated by CySEC in Europe, Trade360 also lets clients try out this inventive new way to trade on a broad range of asset choices, not just Forex.

Reviews

Regulation 1110.50
Trading Conditions 11000
Trading Platforms 11110
Deposit & Withdrawal 11110.5
Education & Research 10.5000
Assets Available 11110.5
Customer Service 11100
Beginner Friendly Poor
Bonuses
Our Review Process

Trading Conditions

Minimum Deposit GBP 500
Base currencies USD, EUR, GBP, AUD
Number of FX Pairs 48
Hedging Allowed No
Scalping No
Islamic Account Yes

Average Spreads

EUR / USD 3
GBP / USD 5
USD / JPY 4

Company Details

Company name Crowd Tech Ltd
Founded 2013
Website www.trade360.com/en-gb
Type Market Maker
Regulators CySEC
Office locations Cyprus

Deposit & Withdrawal Methods

Supported Platforms for Trade360

Is Trade360 Safe?

Trade360 is the trading name of Crowd Tech Ltd, which has been a fully-regulated by CySEC (license: 202/13) 2013. In 2017, Trade360 won the Most Innovative Social Trading Technology Award (European Global Banking & Finance Awards) for its proprietary CrowdTrading system which was recognised as a unique and valuable trading methodology.

Trade360 is a market maker broker, where the broker is the market and always trades against its client base. There is nothing unsafe about trading with market maker brokers but there is a conflict of interest between the broker and trader, where one party profits from the other’s loss, which can be unnerving for some.

The industry awards and the CySEC regulation make Trade360 a safe broker to trade with, even if we are not entirely sold on the idea of CrowdTrading. 

Trading Conditions

Trade360’s USP is its insistence on CrowdTrading as a core part of its product. The Trade360 CrowdTrading platform 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 you when to buy or sell the same asset.

Trade360 is a market maker broker with six different account types in addition to the free demo account – but spreads are much wider than other, more traditional, brokers.

Account Types

Trade360 offers a wide variety of accounts, with spreads tightening at each account level in return for a higher minimum deposit. While this is fairly normal for a broker, it is strange to see an account referred to as a Mini Account and still require a 500 USD minimum deposit. We assume that Trade360 aims to cater to those who trade professionally with a larger capital base.

The Mini Accounts has a minimum deposit of 500 USD, and a Standard Account requires 1,000 USD. The Mini Account does not support MT5, but it does give you access to the live CrowdTrading feed, customer support, and trading signals.

The Gold, Platinum & VIP accounts have tighter spreads but also enable you to get information faster. This information is more signals either delivered with push notifications or SMS, exclusive market updates, and access to advisors if you ask for it.

Spreads and Leverage

It’s an asset choice that determines these two factors. Currency pairs can be leveraged to 400:1 but stocks only to 20:1. Be aware that in Europe and the UK, maximum leverage on currencies is 20:1.

Trade360 has fixed spreads and while they are wide compared to other brokers, many traders believe it is worth it due to the unique nature of Trade360’s platform. The minimum spread on the Mini Account is 4 pips for the EUR/USD pair. On the VIP Account (which requires a 50,000 USD deposit) the same pair has a spread of 1.6 pips. 

Deposits and Withdrawals

Trade360 supports all major credit cards, bank wire transfers and many e-wallets and a minimum deposit of 500 USD will get you started. International law demands specific ID protocols be adhered to, so you will be expected to confirm your identity. No fees are charged for deposits or withdrawals but withdrawals will take 3-14 business days, depending on the withdrawal method.

Trade360 for Beginners

Trade360 is not necessarily the best broker for beginners – this is for a number of reasons; there are high minimum deposits on all account types, educational material and market analysis are essentially non-existent and the CrowdTrading experience can be confusing for new traders. 

Customer Support

Customer support is available 24/5 via telephone, email, live chat and fax. 

Trading Platform

Trade360 uses its own online proprietary trading platform which supports their CrowdTrading Tools – this is available online and as a downloadable app for iOS and Android.

Support for MT5 is also offered, though it is not available on the Mini Account – so will be out of reach of many beginner traders.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Trade360 offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Trade360 Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Trade360 would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.04% of retail investor accounts lose money when trading CFDs with Trade360. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall

An interesting new approach to Forex trading that may not be for everyone, though many of Trade360’s clients do believe it to be superior. Otherwise, Trade360 are a fairly expensive market maker with limited platform options and a poor product offering for new traders.

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 1110.50 3.24 / 5 11110.5 4.18 / 5 11110.5 4.39 / 5
Minimum Deposit GBP 500 GBP 100 GBP 250
Regulation
CySEC CySEC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
ASIC ASIC
FSCA FSCA
Trading Desk Type
Trading Instruments Commodities, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, Blends
Forex Pairs 48 50+ 50+
Crypto Pairs 18 6
Pros
  • Good range of accounts
  • Wide range of assets
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
  • Dealing desk
  • Limited education
  • High minimum deposit
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11000 2 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 10.5000 1.5 / 5 11000 2 / 5 1110.50 3.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Customer Service 11100 3 / 5 11110 4 / 5 11110 4 / 5
% Lose with this broker 63.04% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider
Leverage 20:1 30:1 30:1
Spread 1.8 pips 0.9 pips 0.6 pips
Hedging No Yes Yes
Scalping No Yes Yes
Account Types
  • VIP (Vip)
  • Retail (Standard)
  • Live (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , Sirix MT4 , MT5 MT4 , MT5
Funding Methods Visa, Mastercard, Maestro, Skrill, Neteller POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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Overall Rating 1110.50 3.24 / 5 11110.5 4.18 / 5 11110.5 4.39 / 5
Minimum Deposit GBP 500 GBP 100 GBP 250
Regulation
CySEC CySEC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
ASIC ASIC
FSCA FSCA
Trading Desk Type
Trading Instruments Commodities, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, Blends
Forex Pairs 48 50+ 50+
Crypto Pairs 18 6
Pros
  • Good range of accounts
  • Wide range of assets
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
  • Dealing desk
  • Limited education
  • High minimum deposit
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Conditions 11000 2 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 10.5000 1.5 / 5 11000 2 / 5 1110.50 3.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Customer Service 11100 3 / 5 11110 4 / 5 11110 4 / 5
% Lose with this broker 63.04% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider
Leverage 20:1 30:1 30:1
Spread 1.8 pips 0.9 pips 0.6 pips
Hedging No Yes Yes
Scalping No Yes Yes
Account Types
  • VIP (Vip)
  • Retail (Standard)
  • Live (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , Sirix MT4 , MT5 MT4 , MT5
Funding Methods Visa, Mastercard, Maestro, Skrill, Neteller POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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Alert Most retail CFD accounts lose money. Your capital is at risk.

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