Trade360 review and ratings

Established 2013
Location Estonia Cyprus Marshall Islands
Regulation CySEC, FCA, Finanstilsynet, BaFin, AFM, SFSA, EFSA, FIN-FSA, CNVM, FSMA, FKTK, HFSA, CMVM, SMA, CONSOB, PFSA, CNMV, MFSA, Bank of France
Offices Tallinn, Limassol, Majuro
Broker type MM
Leverage up to 1:100 (1:30 for EU clients)
Deposit from 500 USD
Spreads high  high
Platforms Web MetaTrader 5 Specific Social Platform
Instruments Currencies Indices Metals Energies Stocks ETFs
Funding methods Wire Transfer Credit Cards Skrill Neteller Trustly SafeCharge

Company information

Trade360 group includes 3 related companies.

Trade360 EE - located in Estonia, regulated by the Estonian Financial Supervision Authority (EFSA).
Trade360 MH - legally registered entity located in the Marshall Islands, but not regulated by any government agency.
Trade360 CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).

Trade360 is also licensed and supervised by different EEA (European Economic Area) regulatory bodies: FCA (UK), Finanstilsynet (Norway), BaFin (Germany), AFM (Netherlands), SFSA (Sweden), EFSA (Estonia), FIN-FSA (Finland), CNVM (Romania), FSMA (Belgium), FKTK (Latvia), HFSA (Hungary), CMVM (Portugal), SMA (Slovenia), CONSOB (Italy), PFSA (Poland), CNMV (Spain), MFSA (Malta), Finanstilsynet (Denmark), Bank of France (France).

Availability

Trade360 group accepts clients from all over the world, excluding USA and some jurisdictions where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
6 Indice Futures Based on baskets of different blue-chip stocks.
3 Metal Spot CFDs Based on Gold, Silver and Platinum.
2 Energy Futures Based on Crude Oil (WTI) and Natural Gas.
400+ Stock CFDs Based on shares of US, UK and EU companies.
40+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

Trade360 is a CFD & forex broker operated by the Marshall Islands-registered company ST Services Ltd for international clients, and by the Cyprus-registered company Crowd Tech Ltd for EU/EEA-based clients.

In Europe, Trade360 is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the European Securities and Markets Authority (ESMA), which ensures that the broker can legally operate as a regulated entity in all EU and EEA member states. Looking up the company in the databases of various European financial regulators confirms its status as a regulated and ESMA-approved broker.

However, it is also worth mentioning that for traders based outside of Europe, Trade360 is essentially an unregulated offshore-based broker. As a result of this, requirements such as segregation of client funds from the broker’s own funds does not apply. In return, however, trading leverage for non-European traders is significantly higher, and the sign-up and verification procedures may also be easier to go through than it typically is with strictly regulated brokers.

Trade360 offers several different account types for its traders, including a Mini account, a Standard360 account, a Gold account, a Platinum account, a VIP account, and an Islamic360 account. These account types all have different minimum deposit requirements, ranging from USD 5,000 to USD 500,000.

With the exception of the Mini account, all of Trade 360’s trading accounts gives access to the very popular MetaTrader 5 (MT5) platform. Additionally, the broker provides all account holders with trading signals and a “live crowd trading feed,” which essentially is a social trading feature that allows users to see how other users are trading.

Trading accounts with Trade360 can be funded with all the usual methods, which includes Visa, MasterCard, Skrill, and Neteller. Special about this broker, however, is that it also accepts some of the less popular payment cards like American Express (AmEx), Maestro, and Diners Club, in addition to the online payment service Trustly.

Trade360’s selection when it comes to available trading assets is actually pretty good, with far more assets to choose from than most competitors offer. Most notably, the company has done a great job offering a large number of stocks as contracts-for-difference (CFDs), with stocks from hundreds of different companies available via the MT5 platform.

In addition to individual stocks, Trade360 also boasts a strong line-up of exchange traded funds (ETFs), forex pairs, and a number of commodities, including precious metals, oil, natural gas, and even corn.

Unfortunately for traders interested in trading some of the assets offered by Trade360, the spreads offered by this broker are not particularly attractive. For the EUR/USD currency pair, which is typically the pair with the lowest spreads available, spreads range from 1.6 to 4, depending on the account type. This clearly places Trade360 in the high end as compared to most other forex & CFD brokers.

On the other hand, one thing we appreciate about Trade360 is that customer support is readily available via everything from phone to WhatsApp, chat, email, and even fax for those who still use that. This means that reaching out to support with any issue that arises should be easy, no matter where in the world the trader is located.

In conclusion, we would like to reiterate that even though Trade360 is not among the cheapest brokers out there, it does offer some benefits to those who want to try out the concept of “crowd trading” with a broker that is regulated in the EU. As usual, the social trading/crowd trading experience comes at a slightly higher price than just standard forex & CFD trading. However, for traders who enjoy the experience or who would like the extra guidance that it offers, this price could definitely be worth it.

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