Trade360
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Diverse trading instruments including forex, commodities, indices, and stocks
- User-friendly proprietary trading platform with crowd trading feature
- Robust customer support available 24/5 in multiple languages
- Flexible account types catering to various trader needs
Cons
- High spreads compared to competitors
- Limited educational resources for beginners
- Access to advanced tools requires high minimum deposits
- Customer support response times can be slow
- Withdrawal issues reported by users
Basic Information
User Reviews
Trade360 Overview
Trade360 is a forex broker established in 2013 and headquartered in Cyprus. It operates under the regulatory supervision of the Cyprus Securities and Exchange Commission (CySEC). The broker has built a reputation for providing a secure trading environment, ensuring client funds are protected through segregation and regulatory compliance. Trade360 has been operational for around 10-15 years, catering to both retail and professional traders with a diverse range of trading options.
The broker offers a variety of trading instruments including forex, commodities, and indices, enabling clients to access multiple markets. Trade360 provides a user-friendly trading platform that is designed to meet the needs of various trading styles. Customers can benefit from robust customer support available in multiple languages, ensuring assistance is accessible at all times. Unique features, such as the proprietary crowd trading system, further distinguish Trade360 in the competitive forex landscape, providing traders with valuable insights and tools to enhance their trading strategies.
Is Trade360 Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is Trade360 Regulated and How Are Client Funds Protected?
Trade360 is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring that the broker operates within a framework that provides a level of oversight and compliance with financial regulations. This regulatory status contributes to its legitimacy, making it a regulated and safe choice for traders. Client funds are protected through segregation from the broker’s corporate funds, which helps prevent misuse of assets. Additionally, Trade360 is part of the Investor Compensation Fund, which insures eligible clients’ funds up to €20,000, further enhancing the safety of clients’ investments. The broker adheres to strict regulatory measures, providing transparency and fostering a secure trading environment for its users.
Trading Products and Services
What trading instruments does Trade360 offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | 40+ |
| Commodities | Gold, Oil | Many |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Many |
| Cryptocurrencies | BTC, ETH | Many |
Trade360 offers a diverse range of trading instruments that cater to various trading styles and preferences. With options spanning across forex, commodities, indices, stocks, and cryptocurrencies, traders can find suitable products that align with their investment strategies. This diversity allows both novice and experienced traders to engage in the markets confidently, facilitating opportunities for portfolio diversification and flexible trading approaches. The inclusion of multiple asset categories ensures that users can adapt their strategies based on changing market conditions, thus enhancing their overall trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does Trade360 Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners | Accessible with a low minimum deposit, user-friendly trading tools | Ideal for newcomers to trading |
| Professional Account | Experienced traders | High leverage options, lower spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services and trading solutions | Requires corporate documentation |
| Islamic Account | Islamic traders | Swap-free, compliant with Sharia law | Available upon request |
| Demo Account | All traders | Practice trading without risk | Perfect for testing strategies |
Account Opening Process
To open an account with Trade360, prospective clients need to follow a straightforward process. First, they must submit personal information including their name, email, and phone number. Subsequently, employment and financial information will be required to ensure suitability for trading. Identity verification is also necessary, which includes providing a form of ID and proof of address. Once the account is set up, users have the flexibility to upgrade to a professional account in the future as their trading experience and needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 2.0 | $0 | Standard spreads apply |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 | Costs included in spreads |
| Cryptocurrencies | Variable | 0.1% | Depends on market volatility |
Other Fees
Trade360 may impose various fees, which include deposit and withdrawal fees that can vary based on the chosen payment method. Additionally, an inactivity fee may be applicable if an account remains dormant for a specified period. Users should also be aware of potential currency conversion fees when trading different asset classes. Overnight interest is charged based on the position held overnight, which can affect overall trading costs.
Trading Platforms and Apps
What Trading Platforms and Apps Does Trade360 Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Trade360 Proprietary Platform | Web (All Browsers), iOS, Android | Secure login (encryption), market search, multiple order types, price alerts, technical indicators | Demo accounts, crowd trading |
| MT5 | Windows, macOS, iOS, Android | Secure login (encryption), advanced charting tools, algorithmic trading, real-time alerts | VPS, demo accounts |
| Web Version | Web (All Browsers) | Secure login (encryption), market search, one-click trading, push notifications | Demo accounts |
Trade360 provides a range of trading platforms suitable for various trader needs. The proprietary platform offers crowd trading features, allowing users to analyze market trends effectively. The MT5 platform is ideal for traders seeking advanced tools and algorithmic trading capabilities, while the web version ensures easy access from any browser. All platforms prioritize secure logins and efficient market search tools, ensuring a reliable trading experience. Trade360 supports mobile trading with dedicated apps, enhancing convenience, and offers real-time alerts to keep traders informed about market movements.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min €100, Max €10,000/day | EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min €50, Max €5,000/transaction | EUR, USD |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min €10, Max €20,000/day | EUR, USD |
| Cryptocurrency | Instant | No platform fee | Min €20, Max €10,000/transaction | EUR, USD |
Minimum Deposit
Trade360 requires a minimum deposit of €50 for retail accounts. This amount may vary depending on the payment method selected and the account type. Corporate and professional accounts may have different deposit requirements.
How to Withdraw
To withdraw funds from your Trade360 account, follow these steps:
- Log in to your Trade360 account.
- Navigate to the “Withdrawal” section in the account dashboard.
- Select your preferred withdrawal method from the options available.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits set by Trade360.
- Complete any necessary verification steps, if prompted.
- Submit your withdrawal request, and you will receive a confirmation of the transaction.
Customer Support
Trade360 Customer Support Overview
Support Channels
Trade360 provides multiple contact methods to assist customers effectively. Traders can reach out via:
- Email: Customers can send inquiries to support@trade360.com.
- Live Chat: A live chat feature is available on the website for immediate assistance.
- Telephone: Traders can contact the support team at +357 – 25 – 262 – 200 or +357 – 25 – 583 – 294.
- Social Media: Trade360 maintains a presence on various social media platforms for additional support and updates.
Service Availability
Trade360 offers customer support that is available 24/5, ensuring that assistance is accessible during the trading week. The support team is multilingual, providing help in several languages to cater to a diverse clientele.
Frequently Asked Questions
Yes, Trade360 is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with financial regulations. Client funds are protected through segregation from the broker’s corporate funds and participation in the Investor Compensation Fund, which insures eligible clients’ funds up to €20,000.
Trade360 offers a diverse range of trading instruments including forex (40+ major pairs), commodities (such as gold and oil), indices (like S&P 500 and NASDAQ), stocks (both US and UK), and cryptocurrencies (such as BTC and ETH), catering to various trading styles and preferences.
Trade360 provides several account types: Retail Accounts for beginners with low minimum deposits, Professional Accounts for experienced traders with high leverage options, Corporate Accounts for corporate clients with customized services, Islamic Accounts that are swap-free, and Demo Accounts for practice trading without risk.
Trade360 offers multiple support channels including email at support@trade360.com, live chat on their website for immediate assistance, and telephone support at +357 – 25 – 262 – 200 or +357 – 25 – 583 – 294. Their support team is available 24/5 and provides assistance in multiple languages.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.