Trade360 Review

Author By Jeffrey Cammack Author Information Updated: November 7, 2020
Overall Rating
3.73 3.73 / 5
Rated #37 of 49 Recommended Brokers
Min. Deposit
AUD 500
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 40
Website Language
English
Support Language
English
AlertAccepts Australian Clients. Average spread EUR/USD 4.00 pips on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT5 & Sirix platforms supported. Trade360 is regulated by CySEC.

Summary

For a minimum deposit of $500, try the innovative CrowdTrading platform built by Trade 360. A market maker broker, Trade 360 asks its clients to rely on the CrowdTrading algorithm, which constantly examines Trade360 client activity, spots changes in price action and highlights these changes to help traders make better decisions.

Regulated by CySEC in Europe, Trade360 offers traders a broad range of asset choices, not just Forex.

Reviews

Regulation
111104/ 5
Trading Conditions
1110.503.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
10.50001.5/ 5
Assets Available
11110.54.5/ 5
Customer Service
111003/ 5
Beginner Friendly
Standard
Bonuses
$50 No Deposit Bonus

Account Information

Base Currencies
USD, EUR
Number of FX Pairs
48
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
3 pips
Commission
Fees Included in Spread
EUR/USD
2
GBP/USD
2
USD/JPY
2
Max. Leverage
400:1

Company Details

Company Name
Crowd Tech Ltd
Founded
2013
Office Locations
Cyprus
Trade-360-intro
Crowd Tech Ltd has been a fully-regulated market Forex broker by CySEC (license: 202/13) since 14/06/2013. In 2017, Trade360 won the Most Innovative Social Trading Technology award (European Global Banking & Finance Awards) for their investment in their proprietary CrowdTrading system which was recognised as the future of the online investment industry.

Trade360 is a market maker broker, where the broker is the market and always trading against their client base. There is nothing unsafe about trading with market maker brokers but there is a conflict of interest between the broker and trader, where one party profits as the other one loses, that can be unnerving for some.

This industry recognition and the CySEC regulation make Trade360 a safe broker to trade with.

Trading Conditions

Trade360 is a market maker broker with six different account types in addition to the free demo account.

Account Types

Trade360 offers the variety in the accounts we hope to see with brokers.  We appreciate when brokers offer mini accounts, and also know how to cater to those who trade professionally with larger capital. Mini accounts start with a minimum deposit of $500, and a standard account at $1,000. 

The mini account does not support MT4, but it does give you access to the live crowd trading feed, customer support, and trading signals.

The Gold, Platinum & VIP accounts enable you to get information faster.  This information is more signals either delivered with push notifications or SMS, exclusive market updates, and access to advisors if you ask for it.

Spreads and Leverage

It’s an asset choice that determines these two factors. Currency pairs can be leveraged to 400:1 but stocks only to 20:1.

Trade360-Spreads

Trade360 has fixed spreads; they are not the lowest compared to other players in this market, but the spread is the commission that the broker takes to be able to run the company and develop the platform. At the time of writing a full public list of these fixed spreads was not available, so after signing up, speak with the representative of the company who calls you if you need this information.

Bonus Structure

  • Earn up to $60 in real money in their practice area
  • $50 sign up bonus- no deposit required
  • Cashback rewards- These vary depending on your account

Trading Platform

Trade-360-platforms

Trade 360 uses its own online proprietary trading platform which supports their CrowdTrading Tools.  This crowd trading platform monitors all trader activity and computes the data instantaneously to provide a trading strategy for all members delivered directly to you. The system tells traders of trends and as the popularity of specific action shifts and changes. There is no MetaTrader4 unless you use a minimum of the standard account.

Deposits and Withdrawals

At Trade360, you can deposit funds using major credit cards, bank wire transfers and many e-wallets. A minimum deposit of $100 will get you started. International law demands that all brokers check your identity documents, and get a proof of residential address as a part of a global effort to combat money laundering.

Customer Support

Trade-360-markets

There is 24/5 customer service to help you register and with any of the typical problems you might encounterTraining ebooks for beginners, market analysis material and lots of general trading ideas are available.  Customer support even has a WhatsApp line if you would rather. 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Trade360 product offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Conclusion

They have developed a company motto that is based on their trading platform. An Intuitive trading platform, regulatory compliance and innovative method of analytical information make Trade360 worthy of consideration.

AlertAccepts Australian Clients. Average spread EUR/USD 4.00 pips on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT5 & Sirix platforms supported. Trade360 is regulated by CySEC.
  • Simon Dell says:

    I worked for this company and ultimately the idea was to get as many people to deposit vast sums of money. The more you deposit the more the agent would receive in commissions. Which is the only objective for this company and the job role.

    After you deposit and place a trade you would be passed onto a PTS (personal training specialist) who can’t be called a personal trading specialist as they have no personal trading experience themselves whatsoever, but will talk jargon to novices to convince them they’re experts, and have them deposit even more funds (again increasing those commissions). They’re just another sales agent who has likely been in the company 6 months longer than the other phone agents.

    Usually the calls will be based around trying to show you the trading platform (I suggest you outright reject these offers as the platform is very basic, remember the idea at the end is for you to deposit a lot of money). They’ll try to show you an opportunity with oil, gold, silver or a currency pair. Then they’ll show you some old chart information and make you feel like you missed so many opportunities to make profits. They’ll then do some calculations using the professional level multipliers (levarage) which you won’t have access to anyway to show potentially how much you could have made. Which is all irrelevant as you won’t have access to that level of levarage with your personal accounts, this part is solely designed to make you greedy and make you feel like you could have made these profits yourself. Then with that fresh in the mind it’s off to the deposit centre..

    Throughout the call they might mention 3rd party analysts, as the company itself has no analysts (this should be a red flag). Who they refer to as 3rd party analysts are bloomberg or reuters, they are news channels that are playing in the office. You could also just put these news channels on your own TV’s at home and you have access to trade 360s analysts..

    The tools they offer are the personal deposit agent (PTS), which we have covered.

    For experienced traders I’ve seen spreads on trending markets be at 128 pips!

    Crowd trading (which every brokerage has but might be called something different, even unregulated brokers have crowd trading) is where you can see what other traders are buying or selling. This is not new or something only one brokerage has, they all have it. Usually one main brokerage will have upto 7 different trading brands, and you will be able to see what all traders are trading with on their platforms. You have to remember 90% of new traders lose all their investments, so why would you follow other peoples mistakes?

    Best advise is to learn to trade yourself through materials online, baby pips is a good place to start.

    If you choose to learn through a broker like this then you will have to pay thousands for information that is available online freely or worst case scenario you won’t learn anything and just be given bad investment advice.

    Remember if a company has to try to convince you to join them and go through all that process just to get you to deposit money with them (the point of the 1hr call is solely to get you to deposit money) then are they that great of a platform to use for trading? You’d be better off going with a professional broker who couldn’t care less if you deposited or not, and doesn’t ring you 5 times a day trying to convince you to see their platform (being shown the platform is the deposit pitch)

    When I started this role we were all made to create fake names to use, and the view was that our clients were idiots who have no idea what to do with their money, so it’s better off in our pockets as commissions.

    In summary, I would avoid trade 360 as its essentially a gambling site rather than a professional brokerage. Remember even gambling sites have to be regulated in Europe, so this isn’t something that should be used as a reason to deposit your money with them. If they surgest to you to deposit with them because they’re regulated in Europe I would just laugh at them.

  • Scroll for more detailsPreviousNext
    Overall Rating
    Min. Deposit
    Regulation
    Trading Desk Type
    Trading Instruments
    Forex Pairs
    Crypto Pairs
    Pros
    Cons
    Regulation
    Trading Conditions
    Trading Platforms
    Deposit & Withdrawal
    Education & Research
    Assets Available
    Customer Service
    % Lose with this broker
    Leverage
    Spread
    Hedging
    Scalping
    Account Types
    Islamic Account
    Trading Platforms
    Funding Methods
    Trading Commission
    1110.503.73/ 5
    AUD 500
    Market Maker
    Commodities, Forex, Equities, ETFs
    48
    0
    • Good range of accounts
    • Wide range of assets
    • Wide spreads
    • Limited education
    • Limited market analysis
    • High minimum deposit
    111104/ 5
    1110.503.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    10.50001.5/ 5
    11110.54.5/ 5
    111003/ 5
    69.7% of retail investor accounts lose money when trading CFDs with this provider
    400:1
    3 pips
    Yes
    Yes
    Gold, Islamic, Mini, Platinum
    Yes
    MT5, Sirix
    Bank Transfer
    Fees Included in Spread
    1110.503.33/ 5
    AUD 50
    Market Maker
    Commodities, Cryptocurrencies, Forex, Equities
    47
    16
    • Well regulated
    • Good for beginners
    • Innovative trading tools
    • Limited education
    • Wide spreads
    11110.54.5/ 5
    110.5002.5/ 5
    111104/ 5
    110002/ 5
    10.50001.5/ 5
    111104/ 5
    111104/ 5
    71% of retail investor accounts lose money when trading CFDs with this provider
    400:1
    1 pips
    Yes
    Yes
    Professional, Standard
    Yes
    etoro
    Bank Transfer, Skrill, Paypal
    Fees Included in Spread
    1110.503.38/ 5
    USD 250
    Market Maker
    Commodities, Cryptocurrencies, Forex
    47
    4
    • Good for beginners
    • Great customer support
    • Copy trading accounts
    • Expensive withdrawals
    • Local regulation only
    111003/ 5
    110.5002.5/ 5
    111104/ 5
    111003/ 5
    1110.503.5/ 5
    111104/ 5
    11110.54.5/ 5
    73% of retail investor accounts lose money when trading CFDs with this provider
    200:1
    1.50 pips
    Yes
    Yes
    Bronze, Gold, Premium, Silver
    Yes
    MT4, Sirix
    Bank Transfer, Neteller, Mastercard, Fasapay
    Fees Included in Spread
    Visit Broker
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