Much of the reviews that can be found on the worldwide web speak well of Trade360’s reputation as online brokerage. A majority of the positive testimonies allude to its trading accounts’ sound offerings, namely:
- The account classifications being defined by trading size
- Offering of Copy Trading
- Offering of an Islamic Account
- Lower spreads for accounts of Higher Grade
Considering these alone, both seasoned traders and novice traders could easily be enticed to enlist the services of the broker. Not to sing on top of an already loud choir, this review only aims at detailing the positive points that people within the online trading community only say without proper explanation.
On the onset, it can be assumed that Trade360 is a wholly reliable brokerage that traders would benefit from signing up with.
This review is a result of months spent with the brokerage, Trade360. By actually signing up for a trading account with the firm, the review team was able to perform an exhaustive test on the firm’s offers and services.
The review had also looked into the many functions of Trade360’s website. In so doing, it would be able to effectively assist interested parties to make an informed decision on whether they should enlist the services of the firm. To serve this cause, the review team had focused on the following facets in its examination:
- The regulatory bodies that sanction all of Trade360’s activities
- The trading instruments that the firm gives access to
- The trading platforms that Trade360 offers
- The trading accounts that are available to Trade360 clients
About Trade 360
Owned by Crowd Tech Ltd, Trade360 specializes in giving its clients access to the CFDs and the Forex markets. But what separates Trade360 to its contemporary brokers is its niche in what is called Crowd Trading. This is a feature that displays the behaviour of traders within the parameters of the present market conditions.
Trader360 was established back in 2013. It goes under the regulation of the Cyprus Securities and Exchange Commission (CySEC) that allows the firm to trade within Cyprus.
Its regulation and years of industry experience factor into the trust that its clients extends to it. Also through its factors, the firm’s legitimacy is affirmed.
Offers and Services
Accessible Trading Instruments
Trade360 gives access to a numerous financial markets with a total of 200 trading instruments. These include the following:
The brokerage allows for the trading of 4 commodities, including precious metals like Gold and oil.
Foreign Exchange Currency Pairs
Trade360 allows access to over 40 currency pairs
The firm allows its clients to trade over 40 ETF CFDs
The firm makes 7 popular indices available, including Dow Jones and the Dax 30
Numerous global companies can be accessed by Trade360 which include leading industry players, Starbucks and Twitter.
The review team observes that these asset classifications and the number of such to which Trade360 clients are given access to are more than enough to build strong and well-rounded investment portfolios. One thing that the review team could suggest however is for the broker to contemplate on opening its doors to cryptocurrencies, an asset that a number of its contemporaries are offering. This could prove beneficial for both Trade360 and its clients, given that the digital currency trading industry had become a lucrative endeavour.
Detailed in the table below are the offers that each of the firm’s trading accounts offer.
|FEATURES||TRADING ACCOUNT TYPES|
|Live Crowd Trading Feed||YES||YES||YES||YES||YES|
|24/5 Live Chat Support||YES||YES||YES||YES||YES|
|Personal Push & SMS Notifications||NO||NO||YES||YES||YES|
|Exclusive Market Updates||NO||NO||YES||YES||YES|
What automatically jumps out of the table of offers for the review team are the following:
- The costly initial minimum amount for each trading account
- The little differences of offerings that each trading account has with respect to the trading account type
Trade360 provides leveraged trading. Refer to the figures below:
- Maximum leverage of 1:30 on Forex
- Gold at 1:30
- Other Commodities at 1:20
- Stocks and ETFs at 1:5
- Indices at 1:20
Spreads and Commissions
When one is to refer to other brokerages, it can be observed that Trade360 spreads may be seen as costly. The following stand:
- A Spread of 3-5 Pips and GBP/USD
- A $100 fixed fee for a 45-day account maintenance
- Commissions for positions held overnight
The review team actually expected for the fees to be less. Seeing the figures here brings feelings of apprehension and even disappointment to the team, something that can easily be rectified by Trade360.
Gains Full Circle: Trade with Trade360 Today!
The only points for criticism here are the costly spreads and the discrepancy of offers with consideration to each trading account. Apart from these, it is easy to see that trading through Trade360 allows for profitable gains.
The review team then advises that the points mentioned be contemplated upon. But even without the changes, trading conditions with Trade360 are highly likely to turn out good results.