Min. Deposit: $100
EUR/USD Spread: Fixed and floating
Accepts US Clients: No
Platforms: MT4, MT5
Web trading: Yes
Mobile trading: Yes
Live chat: Yes
Currencies accepted: USD, EUR, GBP
Overall Rating: 4.04/5
Trade360 Review: Trade360, a fast rising force within the world of Forex is a strong and highly reputable broker and has ascended the ranks since its inception in 2013. Its trading platform uses cutting edge technology from Paragonex, a technological powerhouse within the trading industry. Trade360 also offers the MT4, for those who are used to the long standing industry standard. Trade360 grants you access to numerous trading instruments, such as CFDs, indices, commodities, metals, countless currency pairs and most major stocks. With over 200 trading options, you can trade every major asset and use every major market event you your advantage. They also send you emails, push notifications, SMS messages and even have someone call you (depending on your account type) to alert you to every trading opportunity. The best part about Trade360 (aside from its easy to use platform), is that it is incredibly accessible to traders of all skill levels. Don’t mistake the fact that it’s easily accessible to mean that it is elementary – far from it. It means that EVERYONE, on all trading levels, can communicate with someone at their level of market expertise. Speaking of access, they have a dedicated team of support technicians who are available in over 10 different languages and on a 24-hour basis. Not only that, they can be reached on a multitude of media. From emails to WhatsApp, phone calls to Skype, there’s always someone sure to be there to assist you on the other end. Trade360 provides forex services to most international countries besides United States, Australia, New Zealand, Canada, Iran, North Korea, Algeria, Myanmar, and Cyprus.
LICENSING AND REGULATION
Trade360 is a tradename of MFP Global Markets Ltd, which is authorised and regulated by the Cyprus Securities and Exchange Commission. Its license number is 202/13, and registered office at 116 Gladstonos Street, Michael Kyprianou House, 3rd and 4th floors, 3032, Limassol, Cyprus.
Trade360 has come a long way since 2013. The mobile app bugs (which used to cause frequent phone freezes and unexpected exits) are now buried in the sands of the past. Both their standard online platform and their mobile apps are extraordinarily reliable. You won’t see any slippage or delay in any of your trades.
In accordance with the requirements of CySEC, Trade360 keeps clients’ funds in segregated accounts. To simplify, that means the company doesn’t use traders’ money to fund its own business operations. Failure to comply with these regulations (which are frequently checked) can lead to the loss of licensure. On top of this, Trade360 also offers negative balance protection, meaning that you can’t lose more money in your account than you’ve invested. The bottom line is that your money is safe
Trade360 offers six different types of accounts: Mini, Standard, Gold, Platinum, VIP, and Islamic. Listed in the table below is a comprehensive list of the benefits each account type provides.
BONUS AND OFFERS
Trade360 offers a variety of promotions. A $60 practice bonus, $50 phone verification bonus, and deposit bonuses. The practice bonus is simple and straight forward. You earn $60 for successfully completing practice trades. All you have to do is deposit afterwards and the money is yours! The $50 phone verification bonus is exactly as it sounds. Simply log in to your Trade360 account (which will already have if you’ve practiced). Then enter your phone number into the top of the screen and then click the “Send Code” button. Once you receive it, just enter it in your required field and BAM! You have your $50 bonus. Just be okay with them calling – it’ll be one of their friendly customer support agents to help guide you through their site (More on their customer service later). In addition, deposit bonuses are also available. Trade360’s Cashback rewards are its latest and greatest feature. This customer loyalty program (which you are automatically enrolled in upon initial deposit) is based on your deposit amount. What essentially happens is that you (the trader) receive a specific percentage returned to you on every trade that you open. This means that the more you invest, the more you’ll receive. No matter if you lose or gain on the actual trade, the money (which comes with NO strings attached) you get back is your money!
Trade360’s offers an advanced platform on which you are granted access to over 200 tradable assets - including all major currency pairs, leading stocks, indices, and commodities. As was mentioned before, utilizing the strength a state-of-the-art system, Trade360 invokes the concept of “CrowdTrading”. Trade360 uses an in-house source which has created a set of innovative analytical systems that produces real-time information on the latest trading trends. Essentially, they have gotten rid of the crowded and cluttered screens which most trading experts have traditionally used and simply made a streaming live feed to let you know when a trading trend happens AS it is happening. This means you can see what all other stories, or the “Crowd” (hence the term “CrowdTrading”) are doing at that exact moment. Simply put, by assessing trader behaviour across the world you will be alerted via the Live Feed regarding every trend on ALL assets offered. As if that wasn’t enough, you have access to all graphs and controls you are used to using on the MT4 platform. This same platform is also available for your Smartphone on both Google Play and iOS.
DEPOSIT AND WITHDRAWAL OPTIONS
There are no charges or fees for deposits. It provides straightforward deposit and withdrawal options depending on the country you live. Your deposit options include both credit and debit cards (Visa, Discover, and MasterCard). You can also deposit via Skrill, Neteller, Bitcoin, as well as bank transfers. Online and offline bank wires are also offered. Regarding withdrawals, all you have to do is submit a few documents (in order to verify that it is indeed you). However, withdrawals can only be processed and transferred via the payment method used to place your initial deposit (which can be a little inconvenient). According to their site, all withdrawals are processed within 24 hours upon your request. For bank transfers the waiting period is 3-4 days. For credit cards the wait is between 7-10 business days.
COMMISSIONS AND SPREADS
Spread Type: Fixed EUR/USD spread on a Gold account membership: 2 Leverage: 1:400
Trade360’s recently upgraded customer support team is available 24 hours a day via phone, WhatsApp, Skype, email and online chat (through their site). Their friendly representatives are extremely helpful and are experienced in all aspects of the trading world. Any question asked is answered competently, in a multitude of languages, and on a level which is appropriate to you. Regardless of whether you are experienced in trading or not, they have someone who can talk to you in a way in which you’ll understand.
As mentioned before, the mobile app crashes/quits are a thing of the past. So, going forward, there are very few concerns that come to mind. Having to submit paperwork for withdrawal might be inconvenient, however it’s hardly cause for concern as it is standard across the industry – beware of other companies who don’t! All-in-all Trade360 has thrust itself into the world of Forex and has become one of the best trading brokers within the industry.
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