360 TRADE Forex Broker

360 Trade Forex Broker - Complete Information Guide

1. Broker Overview

　　360 Trade, officially known as 360 Trading Networks Inc., was founded in 2013. The company is headquartered in Frankfurt, Germany, with additional offices in various regions, including the United States and Asia. As a private entity, 360 Trade is not publicly traded and operates independently within the financial markets.

　　The primary markets served by 360 Trade include forex trading, contracts for difference (CFDs), and commodities. The broker targets a diverse clientele, including retail traders and institutional investors, providing services that cater to both novice and experienced traders.

　　Since its inception, 360 Trade has made significant strides in the online trading space, particularly with its innovative crowd trading technology, which allows traders to leverage collective market insights. The firm has established a reputation for its unique approach to trading, focusing on the behavior of the trading community to inform individual trading decisions.

　　360 Trade operates under the umbrella of Crowd Tech Ltd., which is regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that the broker adheres to stringent financial standards and provides a secure trading environment.

　　The business model of 360 Trade encompasses retail forex trading and institutional services, including white-label solutions and asset management services, making it a versatile option for various trading needs.

2. Regulatory and Compliance Information

　　360 Trade is regulated by two prominent authorities: the Cyprus Securities and Exchange Commission (CySEC), with license number 202/13, and the Australian Securities and Investments Commission (ASIC). This dual regulatory framework enhances the credibility and safety of the broker's operations.

　　The licenses held by 360 Trade are valid for providing services across the European Economic Area (EEA) and Australia. The broker's compliance with the Markets in Financial Instruments Directive (MiFID) allows it to operate under strict regulatory standards, ensuring the protection of client funds and transparency in trading practices.

　　Client funds are held in segregated accounts, separate from the broker's operational capital, providing an additional layer of security. Moreover, 360 Trade participates in investor compensation schemes, which offer protection to clients in the event of the broker's insolvency.

　　To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, 360 Trade requires clients to provide identification and verification documents during the account opening process. This commitment to regulatory compliance underscores the broker's dedication to maintaining a secure trading environment.

3. Trading Products and Services

　　360 Trade offers a wide array of trading products, primarily focusing on forex and CFDs. The broker provides access to over 49 currency pairs, including major, minor, and exotic pairs, catering to the diverse trading strategies of its clients.

　　In addition to forex, 360 Trade offers CFDs on various asset classes, including:

• Indices: Traders can access major global indices, providing exposure to broader market movements.
• Commodities: The broker facilitates trading in several commodities, such as gold and oil.
• Stocks: Clients can trade CFDs on numerous stocks from leading companies worldwide.
• ETFs: A selection of exchange-traded funds is also available for trading.

　　While 360 Trade does not currently offer cryptocurrency trading, it is open to expanding its product offerings in response to market demand. The broker updates its product range periodically, ensuring that clients have access to a diverse selection of trading instruments.

　　360 Trade primarily serves retail traders, but it also provides institutional services, including white-label solutions and asset management, to cater to a broader audience.

4. Trading Platforms and Technology

　　360 Trade supports the MetaTrader 5 (MT5) platform, a popular choice among traders for its advanced features and user-friendly interface. The MT5 platform allows for algorithmic trading and provides a wide range of analytical tools to assist traders in making informed decisions.

　　In addition to MT5, 360 Trade has developed its proprietary crowd trading platform, which leverages real-time data from the trading community to offer insights into market sentiment. This innovative platform is designed to help traders make better-informed decisions based on collective trading behavior.

　　The broker provides a web-based trading platform that is accessible from any device with an internet connection, ensuring that traders can manage their accounts and execute trades seamlessly. Additionally, 360 Trade offers mobile applications for both iOS and Android devices, allowing clients to trade on the go.

　　The execution model employed by 360 Trade is primarily market-making, which facilitates quick order execution and competitive pricing. The broker's technical infrastructure is robust, with servers located in strategic locations to minimize latency and enhance trading performance.

　　360 Trade also supports API access for automated trading, enabling clients to implement their trading strategies efficiently.

5. Account Types and Trading Conditions

　　360 Trade offers a variety of account types to cater to the needs of different traders. The primary accounts available include:

• Mini Account: Requires a minimum deposit of $250. This account provides access to the crowd trading platform but does not support MT5.
• Standard Account: Requires a minimum deposit of $1,000 and includes access to MT5 and additional trading features.
• Gold Account: Requires a minimum deposit of $5,000 and offers exclusive market updates and personalized notifications.
• Platinum Account: Requires a minimum deposit of $10,000 and provides tighter spreads and additional benefits.
• Diamond Account: Requires a minimum deposit of $50,000 and offers the highest level of service and reduced trading costs.

　　360 Trade also offers Islamic accounts for clients who require Sharia-compliant trading options.

　　The leverage offered by 360 Trade varies by account type and asset class, with maximum leverage reaching up to 1:400 for professional clients. Retail clients typically have a leverage limit of 1:30 for forex trading.

　　The broker maintains competitive spreads, starting from 2.0 pips for major currency pairs. Additionally, 360 Trade imposes overnight fees for positions held beyond the trading day.

6. Fund Management

　　360 Trade supports a range of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, starting from $250 for the Mini Account.

　　Deposits are processed quickly, typically within a few hours, allowing traders to access their funds promptly. However, clients should be aware of potential deposit fees imposed by their banks.

　　Withdrawal methods mirror the deposit options, and 360 Trade aims to process withdrawal requests efficiently, with processing times generally ranging from 3 to 7 business days. The broker does not charge withdrawal fees, although clients may incur charges from their payment providers.

　　To ensure a secure fund management process, 360 Trade requires clients to complete KYC verification before processing any withdrawals. This measure is in line with regulatory compliance and helps protect against fraud.

7. Customer Support and Educational Resources

　　360 Trade provides customer support through multiple channels, including phone, email, and live chat. The support team is available 24/5, catering to clients across different time zones. The broker also offers support in multiple languages, including English and Chinese.

　　In terms of educational resources, 360 Trade provides various materials, including webinars, tutorials, and e-books. The broker also offers market analysis services, providing traders with daily insights and research reports to assist in their trading decisions.

　　Additionally, 360 Trade provides a suite of trading tools, including calculators, economic calendars, and signal services, to enhance the trading experience for its clients.

8. Regional Coverage and Restrictions

　　360 Trade primarily serves clients in the European Economic Area (EEA) and Australia, with regulatory oversight from CySEC and ASIC. The broker has established a presence in multiple countries, providing a robust trading platform for its users.

　　However, 360 Trade does not accept clients from certain jurisdictions, including the United States, Japan, Iran, and North Korea. These restrictions are in place to comply with regulatory requirements and ensure a secure trading environment.

　　In summary, 360 Trade is a reputable forex broker that offers a wide range of trading products and services, supported by strong regulatory compliance and innovative trading technology. With its unique crowd trading platform and commitment to client safety, 360 Trade remains a viable option for traders looking to engage in the financial markets.