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Trade360 is a Cyprus-based broker, regulated by CySEC. The company offers both a demo and a real money account. The minimum deposit required to open an account is $250.

Accounts

Leverage offered ranges from maximums of 400:1 on commodities, 20:1 on stocks, 50:1 on indices and CFDs, and 400:1 on Forex currency pairs (microlots are offered on Forex pairs). This is a large amount of leverage to offer and clients do not have to use it all as the minimum position sizes are reasonably small.

Trade360 offers a wide range of assets, beyond the offering of most comparable brokers. The spreads offered on most of the tradable instruments are not the highest, but most certainly not the tightest and are competitive for traders, who are fans of very high leverage with low deposits.

Accounts may be set up very quickly by sending initial copies of required documentation by email, and can be funded by Credit or Debit Card, eWallet, or Bank Wire. Withdrawals take between 3 and 10 business days, and are paid out using the same method in which the original deposit was made.

Accounts may not be opened by U.S. citizens.

Platforms

Proprietary Web Trader

Trade360 offers one single trading platform: an advanced web based proprietary trading platform. The platform requires no download or software installation and has a built-in, charting package, including one-click trading. It is intuitive and easy to use, and very unlikely to cause any navigation problems for anyone.

The platform includes an innovative social trading element, where within the actual platform itself you can see what the crowd is doing, giving traders the chance to learn from other traders and exploit the wisdom of the crowd.

Mobile

Trade360 offers its proprietary platform as a mobile application free of charge, 24 hours a day and is available wherever there is mobile coverage. All the same functionality as the web-based platform is offered.

Features

The most unique feature this broker offers is the “crowd trading” style of the platform offered. This feature is available both as a web-based interface requiring no download or maintenance, and as a mobile/ tablet application available from the Apple App Store and Google Play.

Trade360 explains the logic of the Crowd Trading style by claiming that scientific research suggests that large samples of people faced with the same choice simultaneously tend to produce a statistically accurate average choice.

Instrument “lookups” are available ranked by popularity, volatility, and % daily change. When you select a particular instrument to trade, it opens up with a new view which shows the net amount of traders long and short from your country, as well as globally.

This new view also shows a technical chart which frankly is rather limited. Only a very few indicators and other technical studies are available, and time frames are limited to 5 minutes, 1 hour, daily and tick charts.
A multiple language choice is available.

Social

Facebook and Google+ accounts may be linked in to the trading account, allowing an extra and external social dimension to the trading experience.

Customer Support Services

Trade360 offers a wide range of support services, with the exception of any kind of managed account or investment advice:

  • General Market Analysis;
  • Platform Walk-Through;
  • Technical Support;
  • Account Support;
  • Help in Opening and/or Closing Positions;
  • Help with Deposit and or/Withdrawal Problems.

There is no live chat function at present. Support is given by telephone and email.

Conclusion

The key positives in Trade360’s offer are low minimum deposits, an extensive crowd sentiment feature, a very wide of assets and an easy-to-use, intuitive trading platform.

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