Our Review of Trade360
Trade360 was founded in 2013 as the world’s first ever CrowdTrading platform. Based on the principle of ‘the wisdom of crowds’, the company’s Live Feed enables Traders to monitor major market-moving events and the movements of large groups of Traders before opening their own positions on a wide range of assets including currency pairs, stocks, commodities, indices and ETFs.
In addition to the standard Trading account, Trade360 offers a mini practice account, a demo account and a swap-free Islamic account. The standard accounts provides new Traders with a USD 50 Bonus upon phone verification, while with the practice account, Traders can earn bonuses of up USD 60 as they train. Trade360 allows you to start trading with a minimum deposit of just $250.
Commissions & Spreads
Trade360 does not charge commissions. Its highly competitive spreads vary across different assets. The spreads in pips for popular asserts include: 1.8 for EUR/USD; 5 for Crude Oil; 45 for Gold; 10 for Apple; 60 for Amazon; 480 for Dow Jones and 100 for the S&P 500.
The web-based platform is powered by ParagonEX, one of the world’s fastest and most reliable systems. At the core is the unique Live Feed, the Trader’s constantly-updated guide to market events and Crowd momentum. By clicking a Crowd Event box, the Trader can pull up details about the event or movement including background information and charts. The customisable dashboard is widely regarded as one of the most elegant and intuitive in the business, while the Mobile Trading Platform for iOS and Android offers desktop quality user experience and superior content streaming.
Deposits & Withdrawals
The deposit and withdrawal procedures for Trade360 members are straightforward and uncomplicated, with a minimum deposit of just USD 100.
The Add funds button in the top right corner of the dashboard opens up a window with everything the Trader needs to make, while the account icon next to it triggers a drop down menu leading to a simple withdrawal request window.
Traders can fund their accounts by credit or debit card, wire transfers or SEPA transfers or e-wallets. Specific payment companies are: Skrill, Safecharge, Inatec, and Neteller.
Transfers can only be initiated by the Trader through the trading platform.
The minimum withdrawal amount is USD 25, although for bank wires, the minimum amount is USD 100 and for Traders who’ve recently received the Sign-up or Practice Bonus, the minimum may vary, subject to Terms and Conditions.
All withdrawals are processed within 24 hours (on business days) of the Trader’s request. For bank transfers and credit cards, the waiting period for payment is 3-4 days and 7-10 days, respectively.
Customer support is available via email and live chat.
Regulators & Safety
Trade360 is authorised and regulated by the Cyprus Securities and Exchange Commission, which has a deserved reputation as a real stickler for the rules. Traders’ funds are securely held in segregated accounts at top-tier banks.
Trade360 provides Traders with generous leverage ratios. Major Currency Pairs are at 1:200, while Indices and ETFs are at 1:50. For Stocks, it ranges from 1:10 to 1:30, while for Commodities, it varies from 1:5 for Crude Oil to 1:480 for Silver.
Sign Up Bonuses
New Traders are offered a huge $50 Welcome Bonus, which is credited to their account right after phone verification. This Bonus doesn’t require a deposit. Alternatively, Traders can use Practice Mode, which offers Bonuses totalling up to USD 60 with the completion of a number of stages.