Trade360 was born out of Crowd Tech Ltd’s vision to provide all-around trading services to a wide range of clients. The main feature of Trade360 is its social trading, which functions similarly to copy trading that allows traders to study and imitate the trading activities of expert traders on the same platform.
Trade360 Regulation and Licenses
Since Trade360’s headquarters is located in Cyprus, it is naturally regulated by the Cyprus Securities and Exchange Commission. Trade360 has since expanded its jurisdiction and acquired a license to operate in Europe by registering under the Financial Conduct Authority. This tier-1 regulation has given the broker the rights to provide financial services in the European Economic Area and the United Kingdom.
To protect its clients from too much losses or financial theft, Trade360 has registered under the Investor Compensation Fund, which entitles each client account to a €20,000 worth of insurance. Account segregation from the broker’s main corporate funds is also strictly implemented to protect all client funds from financial misuse.
Trade360 has partnered with MetaTrader5 in providing quality services to their clients. The user-friendly interface and great functionality of this platform works well with Trade360’s vision of well-rounded services. Other than that, Trade360 also provides its own trading platform whose main feature is personalization.
This platform was specifically designed to be an all-around platform for different financial markets. You can trade currencies, cryptocurrencies, commodities, indices, and CFDs here. MT5 was launched in 2010 when the markets were booming and especially when cryptocurrencies were gaining widespread popularity.
The main advantage of this platform is that it is trader-oriented. It was built to be customized, which means that each trader can personalize this platform to his preference. He can choose to highlight specific data or market updates above others, depending on his personal trading style. Since it was developed by Trade360 itself, you can expect great functionality and well-rounded features from this platform.
Trade360 Trading Conditions
Each broker has its unique features and approach to trading. Usually, these are make-or-break factors that may attract or repel potential clients. When it comes to Trade360, its main magnet feature is its social trading, but it has other great features aside from that.
- Scalping is allowed
- The minimum deposit amount is $25 for its basic account.
- You can test the waters with its free demo account
- Trading platforms can be accessed online; there is no need to download desktop platform versions
- The Trade360 platform offers a mobile version to provide efficient access
- Leverage can go up to 400:1
- Spreads vary but remain competitive
- Real-time notifications about trading opportunities
- Multilingual customer support team
- Wide range of trading instruments, including 40 currency pairs
Trade360 Research Materials
Trading Central provides most of the research and educational materials found on the Trade360 website. However, this broker does maintain a full-fledged research category that updates daily to cater market news and important market events. The research materials on Trade360’s website provide basic information on forex, stocks, and cryptocurrencies. It also has a chart that organizes market updates and real-time data to enable traders to formulate their own trading strategies.
Although there are the basic research materials that discuss the most important concepts of trading, such as forex terminologies, Trade 360’s educational materials are lacking. There is insufficient data on market analysis, trading strategies, and forecasts. This lack of educational materials may be due to Trade 360’s concept of research community. The crowd of traders are encouraged to share ideas with each other to build educational materials on the platform. However, this does not seem to be working.
Trade 360 Review Conclusion
Trade360 is an innovative broker that provides quality trading services in many markets including foreign exchange. They have competitive features such as a low minimum deposit amount, high leverage, and a multilingual customer support team. Its vision of providing well-rounded quality services has certainly influenced its clients, which is now a wide and diverse range. These features have made Trade 360 widely accessible to many around the world.
This broker has acquired multiple licenses, which means that it has a wider range of legal jurisdiction to provide services to. Clients are also assured that their funds are safely kept in trusted banks. Additionally, funds are segregated and insured in case of theft or financial loss. These security features do make Trade360 an attractive choice for potential traders.