Recensione del broker Trade360

Is it Safe?

Trade360 is owned by Crowd Tech Ltd, a Cypriot investment firm founded in 2013, strictly regulated under ESMA’s Markets in Financial Instruments Directive II (MiFID II).  It is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Deutsch Securities and Investment Commission (ASIC), and is registered in the Marshall Islands.  See below for details:

• Trade 360 Europe is operated by Crowd Tech Ltd and is authorised and regulated by CySEC license: 202/13.
• Trade360 Italia is operated by Sirius Financial Markets Ltd (ABN # 36 142 189 384) with regulation by the Deutsch Securities & Investments Commission (ASIC) under licence no. 439907 (AFSL).
• Trade360.finance is owned by ST Services LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

Deutsch traders will be trading with the Deutsch subsidiary of Trade360, which is licenced and regulated by the Deutsch Securities and Investment Commission (ASIC). 

In early 2021, ASIC tightened its restrictions on CFD trading to better protect traders. As a result, Trade360 clients in Italia will have a leverage limit of 30:1 for Forex trading and will be provided negative balance protection, meaning that traders can never lose more money than they have in their trading accounts. In addition, ASIC regulations ensure that Trade360 keeps its operational funds segregated from client accounts, but also prevent Trade360 from offering promotions or bonuses. 

While the additional protection offered by ASIC regulation is welcome, some Deutsch traders may find the low leverage levels and lack of bonuses at Trade360 restrictive. The only way around these restrictions is to trade with a broker which does not have ASIC regulation, which of course then means less protection.

Trade360 is a market maker broker, where the broker is the market and always trades against its client base. There is nothing unsafe about trading with market maker brokers but a conflict of interest can exist between the broker and trader, where one party profits from the other’s loss, which can be unnerving for some.

Trade360 has won numerous awards over the years, including Best Gold Trading Broker 2020 (The European Global Business Awards), and the Most Innovative Social Trading Technology Award 2017, 2020 (European Global Banking & Finance Awards) for its proprietary CrowdTrading system which was recognised as a unique and valuable trading methodology.  In 2015, 2016, and 2019 it won the Forex Innovator Award (AtoZ Forex.com Broker Awards) for its dedication to the development of the most innovative trading tools. 

Overall because of the long track record of responsible behaviour, strong international regulation, and wide industry acclaim, we consider Trade360 a trustworthy and safe broker.

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Trading Fees

Trade360’s trading fees are higher than other similar brokers.

Like many other brokers, Trade360 offers three live accounts with higher minimum deposits linked to tighter spreads and increasing benefits (for more detail on Trade360’s account types, click here).

Minimum deposits are higher than average across all the account types, with the entry-level account requiring 250 USD to open. Most entry-level accounts at other similar brokers will have a 100 USD minimum deposit if they have any requirement at all.

Trade360’s accounts were assessed to compare the costs to those of other brokers. When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Unfortunately, Trade360 does not publish the average spreads for each account, so these calculations were based on the minimum spreads.

Trading Cost Formula: Spread x Trade Size + Commission = Cost in Secondary Currency (USD):

As you can see from the table above, trading costs are built into the spread on two of Trade360’s accounts, and traders are charged a commission on its Expert Account.  

Spreads are generally wider than average at Trade360 – the average cost for trading one lot of EUR/USD among other similar brokers is about 9 USD per lot.  As you can see from the table above, this is only achievable on the Expert Account, which requires a minimum deposit of 1,000 USD.  

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Broker

Condizioni di trading

Valute base

EURUSD (Standard)

Commissione

Costo di Trading (Standard)

EURUSD (migliore)

GBPUSD (migliore)

USDJPY (migliore)

Trade360

3.5/ 5

4.00 pips

USD 0

USD 40

2.00 pips

3.00 pips

3.00 pips

IronFX

3/ 5

USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK

2.20 pips

USD 0

USD 22

0.00 pips

0.00 pips

0.00 pips

FP Markets

5/ 5

USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD

0.00 pips

USD 6

USD 6

0 pips

0.10 pips

0 pips

Swap Fees

The other main trading cost to consider is the overnight swap fee. This is charged on trades held open overnight and is derived from the difference between the interest rates of the two currencies being traded. Trade360’s swap rates are published on its website for each financial instrument. Trade360 charges swap fees of 3.75 USD on the EUR/USD for a long position, and 0.036 USD for a short position.

Compared to other similar brokers, Trade360’s initial and ongoing costs are high. The minimum deposit on the entry-level account is higher than at other brokers and spreads are wider than average across two of its three account types.

Non-trading Fees

Trade360’s non-trading fees are average compared to other similar brokers.

Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.  These fees can significantly affect your profitability and so should be carefully scrutinised.

However, at Trade360 no fees are charged for deposits or withdrawals, but it charges high inactivity fees on dormant accounts. Trade360 will close open positions after 90 days of inactivity, and charge a 0.10% administration fee for hedged positions. After a further 21 days, hedged positions will be closed without further notice. For inactive accounts with a balance above 100 USD, a fixed fee of 100 USD will be charged every 45 days. 

Overall, although Trade360 does not charge fees for deposits or withdrawals, it charges relatively high inactivity fees.  

Account Opening

Trade360’s account-opening process is easy and accounts are available for trading immediately.

Deutsch traders can open an account at Trade360, but need to meet the minimum deposit requirements of each account to do so:

• Standard Account: 250 USD
• Premium Account: 500 USD
• Expert account 1,000 USD

Trade360 offers both corporate and individual accounts, but we will outline the process for opening an individual account:

1. Register an account.  This can be done by clicking on the “Register Now” button.  Traders are required to fill in their personal information (name, email address), and create a password.
2. Traders will then be taken on a tour of Trade360’s Crowdtrading platform.  
3. The next step is to make a deposit (click here for more on deposits and withdrawals).
4. Once a deposit has been made, clients will have to take an Appropriateness test.  This is a responsible move on the part of the broker in an industry that is often accused of an irresponsible approach to consumer safety.  
5. Once the trader passes the Appropriateness Test, they are able to choose their account type, leverage, and preferred platform.  
6. The next step is to confirm your identity.  Trade360 will need two documents from you:
   1. A photo ID (passport, driver’s license, or national ID card) and; 
   2. A secondary ID (a bank or utility statement with your full name and address dated in the last three months).

We advise you to read Trade360’s risk disclosure, customer agreement, and terms of business before you start trading. 

Overall, Trade360’s account-opening process is quick, efficient, and accounts are generally ready for trading immediately. 

Trade360 offers three account types, which is average when compared to other market maker brokers, but the initial and ongoing costs are generally higher.

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A market maker with two commission-free instant execution accounts, and one market execution commission-based account,  Trade360 offers trading on multiple assets, including Forex, commodities, indices, ETFs, and stocks. For more on Trade360’s trading assets, click here.  

Trade360 offers three live accounts with tighter spreads linked to higher minimum deposits.  While this is relatively normal for a broker, it is strange to see an entry-level account that requires a 250 USD minimum deposit. Additionally, spreads start at 1.8 pips on the EUR/USD, which is much wider than the industry average.  Most other brokers will offer an average spread of 1 pip (EUR/USD) and a minimum deposit of 100 USD or less on their entry-level accounts. We assume that Trade360 aims to cater to professional traders with a larger capital base.  

Support is offered for the MT5 platform and its proprietary CrowdTrading Feed platform, which monitors all trader activity and computes the data instantaneously to provide inspiration for trading strategies.  Deutsch traders can access a maximum leverage of up to 400:1, and minimum trading volumes are at 0.01 lots.  Lastly, Trade360 allows hedging and scalping, and offers Islamic accounts.

Standard Account

The Standard Account is Trade360’s entry-level account with a minimum deposit of 250 USD and extremely wide spreads starting at 4.00 pips on the EUR/USD.  The Standard Account does not support MT5, but it does give you access to the live CrowdTrading feed, customer support, and trading signals.

Premium Account

The Premium Account requires a minimum deposit of 500 USD.  Variable spreads are wide compared to other market makers, starting at 1 pips on the EUR/USD.  Support is offered for the MT5 platform and the live CrowdTrading Feed.

Expert Account

The market-execution Expert Account requires a minimum deposit of 1,000 USD.  Variable spreads start at 0 pips on the EUR/USD, which is tighter than other similar brokers, and a commission of 7 USD per lot is charged.  Expert Account-holders also have access to MT5. 

Demo Account

At Trade360, prospective clients can register for a demo account to try out the platform. The demo account does not require a deposit, and clients receive a virtual bankroll to explore the different trading products available.

In line with Anti-Money Laundering policies, Trade360 does not accept payments from third parties and only accepts funds received directly from the named trading account holder. 

It offers a range of payment methods, including credit cards or debit cards (Visa or Mastercard), bank wire transfers, b-wallets, and e-wallets (such as Skrill and Neteller) and requires a minimum deposit of 250 USD to open an account.  Trade360 does not charge deposit or withdrawal fees, and while deposits are generally instant, withdrawals are only processed within three business days and can take up to 14 days to reach your bank account, depending on the withdrawal method.

Unfortunately, there is not much information regarding deposits and withdrawals on Trade 360’s website, which is not consumer-friendly.  For example, it doesn’t specify details about any of the payment methods. 

Base Currencies (Trading Account Currencies)

Trade360 offers three base currencies, which is limited compared to other brokers, and Deutsch traders will also be disappointed that there is no AUD trading account option.

At Trade360, traders can only choose from three base currencies: USD, GBP, and EUR. This is limited compared to most other international brokers, who sometimes have accounts denominated in up to 10 base currencies. It is also disappointing for Deutschs who will likely have bank accounts denominated in AUD and will have to pay conversion fees on all deposits and withdrawals.  Conversion fees can make trading expensive, and are usually not presented on the fee report, but affect profitability

For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with an AUD account, there will be a small conversion fee for every trade made.

Overall, Trade 360 offers fewer trading account currencies than most other large international brokers and doesn’t offer accounts denominated in AUD. 

Trading Platforms

Trade360’s platform support is average compared to most other brokers.  

Trade360 uses its own online proprietary trading platform, which supports its CrowdTrading Tools – this is available online and as a downloadable app for iOS and Android.

Support for MT5 is also offered, though it is not available on the Mini Account – so it will be out of reach of many beginner traders.

CrowdTrading Platform

Trade360’s CrowdTrading environment is comprised of two main elements: CrowdFeed, a live, real-time feed of market events, and a sentiment indicator that shows how the masses of online traders are reacting. The platform remains at the core of Trade360’s unique offering.   

CrowdFeed is a live feed showing major market events and ongoing asset-related trends. Each event includes buy/sell percentages for an asset plus information comparing the current market action with the norm.  Irregularities are highlighted, enabling the trader to immediately see the event and evaluate its cause and outcome. Additionally, the unique CrowdTrading Sentiment Indicator appears alongside each asset, gauging the buys and sells in the system at any given moment.

CrowdFeed essentially attempts to capitalize on cognitive research, exploring the possibility that a crowd will make better choices than individual experts. Although this may be an advantage for beginner traders who may be learning the ropes of CFD trading, traders should be aware that 67.83% of traders still lose money with this broker, which is essentially on par with well-established brokerages that deliver in-house research by seasoned professionals.

Metatrader 5

Continuing its predecessor’s reputation (MT4), the MT5 platform provides traders with everything they need to trade the financial markets.  It incorporates all of the key features of MT4 and an optimised environment for EA trading. Features include 38+ preinstalled technical indicators, 44 analytical charting tools, three chart types, 21 timeframes, additional pending order types, detachable charts, trailing stop, Depth of Market, and an integrated Economic Calendar.

The benefit of Trade360 offering a third-party platform such as MT5 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker.  Additionally, there are thousands of plugins and tools available for the MetaTrader platforms.  

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Broker

Scelta della piattaforma

Copy Trading

Piattaforme

Trade360

4.5/ 5

No

MT5

Sirix

IronFX

4/ 5

Sì

MT4

FP Markets

5/ 5

Sì

MT4

MT5

cTrader

IRESS

Mobile Trading

Trade360’s mobile trading support is average compared to other brokers.

Like most other brokers, Trade 360 offers mobile versions of both its platforms – the CrowdTrading platform and MT5.

The award-winning CrowdTrading app is available for Android and iOS and provides all the same features as the desktop version.  Clients can change leverage, check out an asset’s volatility, and access various technical analysis tools, including Trading Central. It also has a live chat feature and a position simulator.  Overall, clients find this mobile app easy to use and understand.

MT5 is also available on Android and iOS.  Traders should be aware that there is some loss in functionality when compared to the desktop trading platform, including reduced time frames and fewer charting options, but traders can close and modify existing orders, calculate profit and loss, and trade on the charts.  

Trading Tools

Trade360’s trading tools are severely limited compared to other brokers.

Trading Central is provided free to all account holders at Trade360.  Trading Central amalgamates automated AI analytics with the investment advice of registered expert analysts worldwide who maintain a watchful eye over fundamental, technical, news, and sentiment developments. The company maintains 24-hour global coverage so as to place the next set of signals within a holistic framework, thus providing the best of all possible worlds.  Overall, Trading Central is an excellent analysis tool, and Trade360 does well to offer this to its clients.  

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Broker

Calendario economico

Autochartist

Trading Central

Trading View

VPS gratuito

Trade360

No

No

Sì

No

No

IronFX

Sì

No

Sì

No

Sì

FP Markets

Sì

Sì

No

Sì

Sì

Trade360’s range of financial instruments to trade is limited compared to most other brokers.

Trade360 offers tradable assets across five categories, including Forex, commodities, indices, shares, and ETFs:

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• Forex: Trade360 offers 48 Forex pairs for trading, an average range compared to most other brokers.  These include majors, minors, and exotics.  Maximum leverage is up to 1:30 for major pairs.
• Commodities: Trade360 only offers trading on four commodities, which is limited compared to most brokers.  Commodities include gold, silver, oil, and natural gas. The leverage is up to 1:20 on commodities.
• Indices: Trade360 offers trading on 7 indices, again limited compared to most other brokers.   Leverage is up to 1:20 on indices.
• Share CFDs: Trade360 offers trading on over 120 share CFDs, which is a limited selection compared to most other brokers. These include some of the major US and European shares on the market. Leverage on share CFDs is up to 1:5.
• ETFs: Trade360 has an impressive range of ETFs.  There are over 42 ETFs for trading, including the VIXY.  Leverage is up to 1:5 on ETFs.

Apart from the wide selection of Shares and decent Forex offering, Trade360 has a disappointing range of CFDs. 

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Trade360 for Beginners

Trade360 is not the best broker for beginners for a number of reasons:

• Minimum deposit requirements are high on all account types.
• Educational and market analysis materials are essentially non-existent; and
• The CrowdTrading platform can be confusing for new traders. 

Educational Materials

The educational materials available at Trade360are virtually non-existent, making it a poor choice for beginner traders.

The educational content at Trade360 is limited to a glossary of terms.

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Broker

Corso per principianti

Corso avanzato

Formazione ben strutturata

Qualità della formazione

Webinar

Trade360

No

No

No

Basso

No

IronFX

No

Sì

No

Alta

Sì

FP Markets

Sì

No

Sì

Media

Sì

Market Analysis

Compared to other large international brokers, Trade360’s market analysis materials are severely limited.   

Trade360’s market analysis materials consist of two sections: The Financial Market News (which is only updated once a week) and a Daily Market Report.  The Daily Market Report content is provided by Trading Central, a third-party research provider.   

Customer Support

Customer support is available 24/5 via telephone, email, live chat, a contact form, and fax in 13 different languages.

For the purposes of this review, we found the customer support responsive and knowledgeable.