Trade360 delivers the platform that is based on the crowd wisdom. For instance, the trader can see how other users evaluate the asset price, whether they open “buy” or “sell” position. The concept seems to be well-developed, this is why we decided to write the entire Trade360 review.
About the Company
As we have discovered, Trade360 platform launched in the year 2013. The website is owned and is being operated by MPF Global Markets Ltd. Is Trade360 legit? The company is licensed and regulated by CySEC and has headquarters in Limassol, Cyprus. Trade360 has also the office in the UK.
The website is multilingual, which is pretty good. The user can choose among English, Spanish, Italian, Dutch and German version of the website.
Trade360 Forex broker caters for different types of traders by offering 5 real accounts to choose. Besides live account, the user can enter free practice mode to test the platform properties.
By applying for Mini or Standard 360, traders need to fulfill the minimum deposit requirement of $100 to start off. Just like in all other account packages, the trader may enjoy live CrowdTrading feed, trading signals, cashback rewards, 24/5 live support and also support via WhatsApp.
Next goes Gold. The initial deposit requested here is $1,000. New features in this account type include personal push & SMS notifications, exclusive market updates and SMS trading signals. If the trader selects Platinum account, he will receive the increased cashback bonus as the extra feature.
The last account is VIP. As the name suggests, VIP account owners receive various privileges such as more personalized approach and exclusive promotions. However, this lucrative service requires quite big deposit – $50,000.
It is also important to admit that Trade360 offers Islamic Account upon submitting the request to the customer support.
To welcome new traders on the platform, Trade360 offers 3 promotions. The first one to mention is $50 no deposit bonus is given for validating the phone number. Next is so-called Practice Bonus. The broker rewards the trader with free $60 for trading for learning through the platform’s practice mode. Additionally, Trade360 offers cashback promos for all its clients.
Trade360 offers excellent proprietary platform. No download is required, because the platform is purely web-based. Furthermore, it is possible to launch the platform using Android or iOS devices.
The asset choice is focused on the most vigorously traded instruments. The asset classes include Forex, Commodities, Stocks and Indices. The total number of instruments is around 120.
The maximum leverage available is 1:400 for currency trading, which is quite high as many Trade360 opinions notice. For stocks and commodities, max leverage is 1:20. As for the spreads, they vary depending on the asset. For example, EUR/USD spread is 1.8 pip. Another fact worth mentioning is that Trade360 allows scalping strategies, but only if the position is opened for at least 1 minute.
There are many positive Trade360 reviews which rate the quality of client support high. Ours is definitely among them. The broker offers several methods to reach the support agents, namely phone, fax, email, live chat and WhatsApp. The support is well-trained and proficient enough to assist in different issues.
Deposits & WIthdrawals
In order to deposit or withdraw funds, Trade360 provides access to the arsenal of different payment methods. Thus, the trader can use credit/debit cards, e-wallets, wire transfers. To become eligible for withdrawals, the user must submit the necessary documentation.