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Trade360 Broker Review

FX Scouts By Jeffrey Cammack Updated: October 9, 2019
Average Score
2 / 5
Min. Deposit USD 240
Max. Leverage 30:1
Min. Spread 1.8 pips
Regulators CySEC
Regulator Origin CySEC
Broker Type Market Maker

Summary

For a minimum deposit of $500, try the new and innovative Crowd Trading platform built by Trade360. At Trade360 this approach means that traders are empowered to recognise the market trends based on the actions of the trading crowd. Regulated by CySEC in Europe, Trade360 lets clients trade a broad range of asset choices, not just Forex.

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Trading Conditions
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Deposit & Withdrawal
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About our review process

Trading Conditions

Minimum Deposit USD 240
Base currencies USD, EUR, GBP, AUD
Number of FX Pairs
Hedging Allowed
Scalping
Swap-Free Accounts

Average Spreads

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

Company Details

Company name Silver Success LP
Founded 2013
Website Visit Website
Type Market Maker
Regulators CySEC
Office locations Cyprus

Deposit & Withdrawal Methods

Supported Platforms for Trade360

Trade360 Broker Detailed Review

Is Trade360 Safe?

Crowd Tech Ltd has been a fully-regulated market Forex broker by CySEC (license: 202/13) since 14/06/2013. In 2017, Trade360 won the Most Innovative Social Trading Technology award (European Global Banking & Finance Awards) for their investment in their proprietary CrowdTrading system which was recognised as the future of the online investment industry.

Trade360 is a market maker broker, where the broker is the market and always trading against their 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 as the other one loses, that can be unnerving for some.

This industry recognition and the CySEC regulation make Trade360 a safe broker to trade with.

Trading Conditions

Trade360 is a market maker broker with six different account types in addition to the free demo account.

Account Types

Trade360 offers the variety of the accounts and appreciate when brokers offer mini accounts – the only difference here is that this account is not so mini. Trade360 account types cater for those who trade professionally with a larger capital base.

Mini accounts start with a minimum deposit of $500, and a standard account at $1,000. The mini account does not support MT4, but it does give you access to the live crowd trading feed, customer support, and trading signals.

The Gold, Platinum & VIP accounts 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.

Trade360 has fixed spreads; they are not the lowest compared to other players in this market, but the spread is the commission that the broker takes to be able to run the company and develop the platform. At the time of writing a full public list of these fixed spreads was not available, so after signing up, speak with the representative of the company who calls you if you need this information.

Trading Platform

Trade360 uses its own online proprietary trading platform which supports their CrowdTrading Tools. This crowd trading platform monitors all trader activity and computes the data instantaneously to provide a trading strategy for all members delivered directly to you.

The system tells traders of trends and as the popularity of specific action shifts and changes. There is no MetaTrader4 unless you use a minimum of the standard account,

Deposits and Withdrawals

Trade360 supports all major credit cards, bank wire transfers and many e-wallets and a minimum deposit of $100 will get you started. International law demands specific ID protocols be adhered to, so you will be expected to confirm your identity.

Bonus Structure

  • Earn up to $60 in real money in their practice area
  • $50 sign up bonus- no deposit required
  • Cashback rewards- These vary depending on your account

Customer Support

There is 24/5 customer service to help you register and with any of the usual daily problems you might encounter. Training ebooks for beginners, market analysis material and lots of general trading ideas are available. Customer support even has a WhatsApp line if you would rather.

Overall

They have developed a company motto that is based on their trading platform. An Intuitive trading platform, regulatory compliance and innovative method of analytical information make Trade360 worthy of consideration.

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

Compare Brokers

Overall Rating 2/5 4/5 4/5
Minimum Deposit USD 240 USD 100 USD 100
Regulation
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review
Trading Conditions 1 / 5 4 / 5 4 / 5
Trading Platforms 3 / 5 3.5 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
% Lose with this broker 67.6% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 76.60% of retail investor accounts lose money when trading CFDs with this provider
Leverage 30:1 30:1 30:1
Spread 1.8 pips 0.7 pips 0.9 pips
Hedging
Scalping
Account Types
  • Vip,Professional
  • Standard
  • Mini
Trading Platforms MetaTrader4, WebTrader, Sirix MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader
Funding Methods Visa, Mastercard, Maestro, Skrill, Neteller Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
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Trade360

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Overall Rating 2 / 5 4 / 5 5 / 5
Min. Deposit USD 240 USD 100 USD 100
Regulation
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review Read Full Review
Trading Conditions 1 / 5 4 / 5 4 / 5
Trading Platforms 3 / 5 3.5 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
Risk Disclaimer 67.6% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 76.60% of retail investor accounts lose money when trading CFDs with this provider
Leverage 30:1 30:1 30:1
Spread 1.8 pips 0.7 pips 0.9 pips
Hedging Allowed No Yes Yes
Scalping Allowed No Yes Yes
Platforms MetaTrader4, WebTrader, Sirix MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader
Funding Visa, Mastercard, Maestro, Skrill, Neteller Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal

Share your knowledge

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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