Trade360 Forex Broker
Basic Information
Cyprus
10-15 years Regulated in Cyprus Straight Through Processing (STP) Suspicious Scope of Business High potential riskCompany profile
Rating Index
VIP
Diamond
Trade360 Forex Broker - Complete Information Guide
1. Broker Overview
Trade360, established in 2013, operates as a global online brokerage firm specializing in forex and CFD trading. The company is headquartered in Limassol, Cyprus, and is managed by Crowd Tech Ltd., which is a private entity. Trade360 primarily serves retail traders, offering them access to a wide range of financial markets, including forex, commodities, and indices.
Since its inception, Trade360 has focused on providing innovative trading solutions that leverage crowd psychology, allowing traders to make informed decisions based on market sentiment. The broker has achieved significant milestones, including the development of its proprietary crowd trading technology, which has garnered recognition in the financial industry.
Trade360 operates under multiple regulatory frameworks, ensuring compliance with strict financial standards. This commitment to regulation has helped the broker build a reputation for reliability and transparency in its operations. The business model of Trade360 is centered around retail forex trading, enabling clients to engage in speculative trading activities across various asset classes.
2. Regulation and Compliance Information
Trade360 is regulated by two primary authorities:
- Cyprus Securities and Exchange Commission (CySEC), license number 202/13.
- Australian Securities and Investments Commission (ASIC), license number 439907.
These licenses allow Trade360 to operate within the European Economic Area (EEA) and Australia, adhering to the Markets in Financial Instruments Directive (MiFID) regulations. This regulatory framework ensures that the broker maintains high standards of investor protection, including the segregation of client funds in separate accounts to safeguard against potential insolvency.
Trade360 also participates in an investor compensation fund, which provides additional security for clients in the event of the broker's financial difficulties. The broker implements stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring compliance with international standards and protecting against fraudulent activities.
3. Trading Products and Services
Trade360 offers a diverse array of trading products, including:
- Forex Trading: With 49 currency pairs, including major pairs like EUR/USD, USD/JPY, GBP/USD, and a selection of exotic pairs.
- CFD Products: Covering various categories such as:
- Indices: Major indices like S&P 500, NASDAQ, and FTSE 100.
- Commodities: Including precious metals like gold and silver, as well as energy products like crude oil.
- Stocks: A selection of CFDs based on major companies from the US and European markets.
- ETFs: A limited range of exchange-traded funds available for trading.
Trade360 continuously updates its product offerings to meet market demands, although the introduction of new products may vary based on regulatory approvals and market conditions. The broker primarily focuses on retail trading services, catering to individual traders rather than institutional clients.
4. Trading Platforms and Technology
Trade360 provides access to two main trading platforms:
- MetaTrader 5 (MT5): A widely recognized platform known for its advanced analytical tools and features, suitable for both beginner and experienced traders.
- Proprietary Web-Based Platform: This platform is designed for ease of use, allowing traders to access market data, execute trades, and utilize crowd trading features without the need for downloads.
The broker's execution model is primarily STP (Straight Through Processing), which ensures that client orders are executed directly in the market without interference. This model enhances transparency and efficiency in trade execution.
Trade360 also offers a mobile trading app compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The broker's servers are strategically located to optimize trade execution speed and reliability.
5. Account Types and Trading Conditions
Trade360 offers several account types tailored to different trading needs:
- Mini Account: Minimum deposit of $250, spreads starting from 1.8 pips, and no commission.
- Standard Account: Minimum deposit of $1,000, with more favorable trading conditions.
- Gold, Platinum, and VIP Accounts: Higher minimum deposits ranging from $5,000 to $100,000, offering additional features like lower spreads and personalized support.
The leverage offered varies by account type and trading instrument, with maximum leverage up to 1:400 for forex and commodities. The minimum trade size starts at 0.01 lots, allowing flexibility for traders.
Trade360 also imposes overnight fees for positions held beyond the trading day, and clients are advised to check the specific conditions applicable to their accounts.
6. Fund Management
Trade360 supports a variety of deposit methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets like Neteller and Skrill
The minimum deposit requirement is $250 for the Mini Account and $1,000 for the Standard Account. Deposits are generally processed quickly, allowing traders to start trading shortly after funding their accounts.
Trade360 does not charge deposit fees, although third-party fees may apply depending on the payment method used. Withdrawals can be made through similar methods, with processing times typically ranging from 3 to 10 business days. The broker does not charge withdrawal fees, but clients should be aware of potential fees imposed by their payment providers.
7. Customer Support and Educational Resources
Trade360 offers comprehensive customer support through various channels:
- Phone Support
- Live Chat
- Social Media Platforms
The support team is available 24/5, providing assistance in multiple languages, including English, Spanish, German, and more. The broker also offers educational resources, such as webinars, tutorials, and market analysis reports, to help traders enhance their skills and knowledge.
Market analysis services provided by Trade360 include daily reports and insights, which are crucial for making informed trading decisions. The broker also offers trading tools such as calculators and economic calendars to assist traders in their planning and execution.
8. Regional Coverage and Restrictions
Trade360 primarily serves clients in the European Economic Area (EEA) and Australia, with a focus on retail traders. The broker has established offices in several countries, including Cyprus and Australia, to cater to its diverse client base.
However, Trade360 does not accept clients from certain jurisdictions, including the United States, New Zealand, and Canada, among others. Traders are advised to check the broker's website for the most current information regarding accepted countries and any specific restrictions that may apply.
In conclusion, Trade360 broker provides a robust trading environment with a variety of products and services tailored to meet the needs of retail traders. With its regulatory compliance and innovative trading technology, it remains a viable option for those looking to engage in forex and CFD trading.
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Latest Reviews
FX3517856271
Philippines
I got contacted by someone from TradeIdea-co suggesting that you should open an account Avail there %100 sign in bunos. My experience was horrible and according to reviews, which I found later, a lot of people have faced the same problem. It is not possible to withdraw your money.
Exposure
2021-09-15
烟花易冷，人事易分。
Tunisia
Hello! I want to share my experience with the Trade360 company. I don't understand people who write negative reviews about this company. I must say that this is not the case. Trade360 is stable in everything, both in services and in quality and work in general. By the way, what else I like is that they have the most adequate commissions.
Positive
2023-02-27