On-line since:
Country of origin:
Regulation:
Payment options:
Minimum account size:
Minimum lot size:
Leverage:
Spreads:
Trade360 is a brokerage company that was established in 2013. The company uses the CrowdTrading approach that is based on the Wisdom of Crowds concept. The key idea is to allow the company’s clients to analyze the behavior of a team of traders in real time mode in order to get a more accurate assessment of existing market trends and prospects for their development.
In 2017, the company received The European’s Global Banking & Finance award for “Most Innovative Social Trading Technology”.
The broker’s activity is regulated by The Markets in Financial Instruments Directive (MiFID). Trade360 was licensed by Cyprus Securities and Exchange Commission (CySEC) in 2013 under the name of Crowd Tech Ltd.
Trading conditions
Trade360 provides its clients with a large array of trading instruments, including more than forty currency pairs, stock indices, bank metals, contracts for difference, etc.
Traders can choose one of six account types: Mini ($250-1,000), Standard ($1,000-10,000), Gold ($5,000-50,000), Platinum ($1,000-100,000), Diamond ($50,000-500,000), and Islamic360. The latest type of account can be opened only by a request. Trading conditions and available services of the Islamic360 account depend on the deposit size and correlate with the corresponding conditions and services for other account types.
Professional traders can benefit from the leverage of 1:400. Access to this offer depends on the client`s jurisdiction.
Trade360 offers mobile and web trading platforms as well as MetaTrader 5 for Standard account type and higher.
Promotion
At the moment of preparing this review, there was no information about bonuses and campaigns on the official website.
Education
Trade360 does not provide education materials for newbies. However, they can make use of the FAQ section that contains a lot of information about trading.
Support Service
Traders may contact the company’s support team by means of a chat during work days. They also may use email, telephone, and the feedback request on the website.
Support is provided in English, French, Arabic, Polish, German, Spanish, Italian, and Turkish.
Deposit and withdrawal of funds
The company’s clients can deposit and withdraw funds by means of debit and credit cards, wire transfer, and such payment systems as Neteller, Skrill, Trustly, PaySafeCard, and Sofort.
Since the request is sent, it takes around three days to withdraw funds. Traders can use the same way as for depositing.
Comments left by traders
Traders mainly complain about the delay in theprocessing of the withdrawal requests, as well as about technical problems when working with the broker`s platforms.
Advantages and disadvantages:
Pros:
- wide array of trading instruments
- regulated activity
- commission-free trading
- CrowdTrading approach
Cons:
- no education materials
- big minimum deposit
