360 Trading Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
360 Trading Account Types Explained
360 Trading offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced users. Below is a detailed overview of the available account types:
1. Standard Account
- Minimum Deposit Requirement: $250
- Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
- Leverage Options: Up to 1:30.
- Key Features: Access to basic trading tools, educational resources, and customer support.
- Target User Profile: Beginners looking to start trading with a low initial investment.
- Trading Instruments Available: Forex pairs, commodities, and indices.
2. ECN Account
- Minimum Deposit Requirement: $1,000
- Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $5 per lot.
- Leverage Options: Up to 1:100.
- Key Features: Direct market access, faster execution speeds, and lower spreads.
- Target User Profile: Intermediate to advanced traders who require better pricing and execution.
- Trading Instruments Available: Forex pairs, commodities, and cryptocurrencies.
3. Pro Account
- Minimum Deposit Requirement: $5,000
- Spread/Commission Structure: Variable spreads starting from 0.5 pips; lower commission rates.
- Leverage Options: Up to 1:200.
- Key Features: Advanced trading tools, priority customer support, and access to exclusive market insights.
- Target User Profile: Experienced traders and professionals.
- Trading Instruments Available: A wide range of forex pairs, commodities, indices, and cryptocurrencies.
4. Islamic Account
- Minimum Deposit Requirement: $250
- Spread/Commission Structure: Similar to the Standard Account; no swap fees.
- Leverage Options: Up to 1:30.
- Key Features: Complies with Sharia law; no interest or swap fees.
- Target User Profile: Muslim traders seeking a compliant trading option.
- Trading Instruments Available: Forex pairs and commodities.
5. Demo Account
- Minimum Deposit Requirement: N/A (virtual funds provided).
- Spread/Commission Structure: Simulated trading environment; spreads may vary.
- Leverage Options: Up to 1:30.
- Key Features: Allows users to practice trading strategies without financial risk.
- Target User Profile: Beginners and experienced traders wanting to test new strategies.
- Trading Instruments Available: Same as live accounts.
Account Type Comparison Table
Recommended Account Types by Trader Level
- Beginners: Standard Account
- Intermediate Traders: ECN Account
- Advanced Traders: Pro Account
- Muslim Traders: Islamic Account
- Practice Traders: Demo Account
Detailed 360 Trading Account Features
Account Features Comparison
Advantages of Each Account Type
-
Standard Account:
Low minimum deposit.
No commission fees.
Ideal for beginners.
ECN Account:
Tight spreads and faster execution.
Direct market access.
Suitable for scalpers and high-frequency traders.
Pro Account:
Advanced trading tools and resources.
Lower commission rates for high volume traders.
Access to exclusive market insights.
Islamic Account:
Complies with Sharia law.
No swap fees.
Suitable for Muslim traders.
Demo Account:
Risk-free environment for practice.
Access to all trading instruments.
Ideal for testing strategies.
Disadvantages of Each Account Type
-
Standard Account:
Higher spreads compared to ECN accounts.
Limited advanced features.
ECN Account:
Higher minimum deposit requirement.
Commission fees may add up for low-volume traders.
Pro Account:
High minimum deposit may deter beginners.
Complexity may overwhelm novice traders.
Islamic Account:
Limited to specific trading instruments.
May not offer all features available in other accounts.
Demo Account:
Virtual funds do not reflect real market conditions.
Limited duration for practice.
360 Trading Account Registration Requirements
Eligibility Criteria
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
- Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
- Identity Verification Documents Needed:
- Government-issued ID (passport or national ID).
- Proof of income (bank statement or payslip).
- Proof of Residence Requirements:
- Utility bill or bank statement showing your name and address.
- Additional Documentation for Professional Accounts: May require business registration documents or additional financial disclosures.
KYC/AML Compliance Procedures
- Verification of identity and address through submitted documents.
- Compliance with Anti-Money Laundering regulations.
- Ongoing monitoring of account activity.
Verification Time Frames
- Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.
Step-by-Step 360 Trading Account Opening Guide
Registration Process
- Visit Website and Click Registration: Go to the official 360 Trading website and find the registration button.
- Personal Information Entry: Fill out the registration form with your personal details (name, email, phone number).
- Choose Account Type: Select the account type that best suits your trading needs.
- Set Trading Preferences: Indicate your trading preferences and risk tolerance.
- Document Upload: Upload required identification and proof of residence documents.
- Account Verification: Wait for the verification process to complete.
- Fund Your Account: Deposit funds using one of the accepted payment methods.
- Start Trading: Once your account is funded and verified, you can begin trading.
Desktop vs Mobile Registration Differences
- The registration process is similar on both desktop and mobile platforms, but mobile may offer a more streamlined experience with fewer steps.
Common Registration Issues and Solutions
- Issue: Not receiving verification email.
- Solution: Check spam folder or request a resend.
- Issue: Document upload errors.
- Solution: Ensure documents are clear and meet format requirements.
Average Account Approval Time
- Typically, account approval takes between 1-3 business days.
How to Upgrade/Downgrade Account Types
- Contact customer support or use the account management section on the website to request an upgrade or downgrade.
360 Trading Demo Account Guide
Demo Account Features and Benefits
- Features: Access to all trading instruments, real-time market data, and trading tools.
- Benefits: Allows traders to practice without financial risk and test strategies.
How to Open a Demo Account
- Visit the 360 Trading website and select the demo account option. Fill out the required information and start trading with virtual funds.
Demo Account Limitations
- Limited duration for use (typically 30 days).
- Virtual balance may not reflect real trading conditions.
Virtual Balance Amount
- Demo accounts usually come with a virtual balance of $100,000 or similar.
Demo vs Live Account Differences
- Demo accounts use virtual funds, while live accounts involve real money and market conditions.
Duration/Expiry of Demo Accounts
- Demo accounts typically expire after 30 days of inactivity or upon reaching the designated trial period.
360 Trading Islamic Account Details
Swap-Free/Islamic Account Availability
- 360 Trading offers Islamic accounts that comply with Sharia law.
Eligibility Requirements
- Must provide documentation confirming religious beliefs and need for a swap-free account.
Differences from Standard Accounts
- Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.
How to Apply for Islamic Account
- Select the Islamic account option during the registration process or contact customer support for assistance.
Restrictions or Special Conditions
- Islamic accounts may have limitations on certain trading instruments or strategies.
FAQs – 360 Trading Account Types & Opening
- What account types does 360 trading offer?
- 360 Trading offers Standard, ECN, Pro, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Standard: $250, ECN: $1,000, Pro: $5,000, Islamic: $250, Demo: N/A.
- How long does 360 trading account verification take?
- Verification typically takes 1-3 business days.
- Does 360 trading offer demo accounts?
- Yes, 360 Trading offers demo accounts for practice trading.
- Can I have multiple account types with 360 trading?
- Yes, you can have multiple account types.
- Does 360 trading offer Islamic/swap-free accounts?
- Yes, Islamic accounts are available.
- What documents do I need to open a 360 trading account?
- A government-issued ID and proof of residence.
- Can I change my account type after registration?
- Yes, you can request to upgrade or downgrade your account type through customer support.
360 Trading accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .