Trade360 CrowdTrading is located in Cyprus and regulated by CySec (Cyprus Securities and Exchange Commission). Cyprus is a regulated and well known by all forex brokers. They are also covered by MiFID regulation. Trade360 is a legit platform and under website allows high level of security. Trade360 gives services on English, Arabic, Turkish and Spanish.
Trade360 offers Many diffrent real accounts and with one click you can open a demo account.
The minimum deposit required to open an account is $450, which is accessible for all serious traders. Most popular stocks From US and EU are available to trade.
Maximum leverage offers are 200:1 on commodities, 20:1 on stocks, 50:1 on indices and CFDs, and 400:1 on Forex currency pairs. This is a large amount of leverage to offer, and of course customers do not have to use it all the leverage. Trade360 offers as the minimum position sizes are reasonably small (microlots are offered on Forex pairs).
The wide range of assets makes Trade360 one step further than most of the comparable brokers. Trade360 platform is providing the trader with plenty of choice regarding what to trade such as Currencies, Commodities, Stocks, Indicies, ETFS, Cyrptos (BTC, ETH, XRP, IOTA). Even taking the Forex by itself, an extremely wide range of pairs are offered.
Trade360 platform offers fix spread offers are better for beginner traders. They are not the highest out there, but they are certainly not the tightest. They are reasonably competitive for traders wanting 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.
The most unique feature is the “crowd trading” style of the platform offered, which is available both as an easy-to-se intuitive web-based interface requiring no download or maintenance, and as a mobile / tablet application available from the Apple App Store and Google Play.
Trade360 set out 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. The platform works as follows: “We monitor the trading positions and movements of different segments of Traders, and present them in an aggregated approach that's easy to understand. By examining the crowd's movements before opening a trading position, our Traders are able to make confident, well-informed trading decisions.”
This is expressed in the platform’s layout. You can select which assets to display as tickers. The layout is very clean and easy to read, you see the bid and offer prices for each that are currently in the market. At the bottom of each ticker, the percentage of traders positioned long or short of that asset is displayed in real time. This makes it easy to see at a single glance what the crowd is thinking about any instrument you are considering trading.
A quick glance at the default screen set-up by this reviewer indicated that the strongest crowd opinion was over the S&P 500 Index. 67% of traders with open positions are long, showing a clear crowd opinion. As it happens, this market is in a long-running bullish trend, which is in agreement with the crowd consensus.
This crowd sentiment feature is augmented by a ticker running down the right side of the default screen layout which highlights breaking news regarding sudden swings in crowd sentiment. This means that you do not have to keep scanning through all the instruments minute-by-minute to keep an eye on what the crowd is thinking. These “breaking news”-style sentiment shifts are also accompanied by a little commentary explaining how quickly the shifts are occurring. Examples are shown below:
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.
On the positive side, a choice of several languages is available.
Facebook and Google+ accounts may be linked in to the trading account, allowing an extra and external social dimension to the trading experience.
Trade360 CrowdTrading Bonus
A cash bonus of $50 is currently offered to new traders opening real accounts and verifies their phone numbers. There is also customer loyalty program which allows cashback per trade offering.
Customer Support Services
Trade360 offers a high quality of support services:
- General Market Analysis - Daily Market Analysis (technical & fundamental )from Trade360’s leading account managers.
- Platform Walk-Through - Complimentary eBook guide, with a full explanation of how to work with Trade360’s trading platform.
- Technical Support - Receive assistance for any technical issue that might arise.
- Account Support - Receive support for any general issues regarding your account.
- Help in Opening and/or Closing Positions - Assistance with basic trading features.
- Help with Deposit and or/Withdrawal Problems - Assistance with failed deposits, delayed withdrawals, etc.
There is no live chat function at present. Support is given by telephone and email.
Trade360’s offer best trading experiences with various assets (like Stocks, Indices, Currencies, Commodities and many Cyrptos), the platform is very user friendly and gives different taste to forex traders. Crowd sentiment feature, is very useful for beginner traders. Fix spread offers and Islamic accounts are much better than other forex brokerage companies.
- Non-Forex Offering
- The “Crowd”
- Metatrader4 Platform
- Education Center
- Fix Spreads
- Islamic Account
- Offers Cyrpto Currencies
- Trading Signals
- Min Position Sizes
- Min Deposit Amount