Trade360 is the brand name of Crowd Tech LTD, a Cypriot investment firm in operation since 2013. This CFD broker is active in the social trading sub-sector of the financial market and offers traders its proprietary trading platform developed for CrowdTrading, which sources trading information from all its clients to optimize the decision-making process. It attempts to capitalize on cognitive research, exploring the possibility that a crowd will make better choices than individual experts. Though a novel approach, the failure rate of 67.83% is essentially on par with well-established brokerages that deliver in-house research by seasoned professionals. Retail traders may feel more secure in taking positions in line with their peers. Overall, Trade360 seems to appeal to millennial traders who prefer a socialized approach to risk-taking.
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Regulation and Security
The Cyprus Securities and Exchange Commission (CySEC) provides the regulatory framework for Crowd Tech LTD. As an EU-regulated brokerage, it is compliant with the Financial Instruments Directive 2014/65/EU or MiFID II, and the EU’s 5th Anti-Money Laundering Directive. Per EU Directive 2014/49/EU, the Investor Compensation Fund (CIF) protects retail traders, up to €20,000, in the event of default. Since 2018, traders managing accounts within the European Economic Area (EEA) operate at a disadvantage, due to the changes to leverage.
Client funds remain segregated from corporate funds, though the custodian bank is not specified. Trade360 maintains a list of required documents in the legal section of the website, including Pillar 3, audited by PricewaterhouseCoopers, one of the globe's largest accounting firms. Pillar 3, also known as the Basel Standards, is a voluntary regulatory framework based on the adequacy of bank capital which includes stress testing and evaluation of market liquidity risk. The security of the website is outstanding, with data hosted on two different locations that require synchronization. The regulatory environment and compliance with it are spotless, and traders may fully trust Trade360 with their capital and personal documents.
Trade360 provides traders with a secure trading environment.
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The pricing environment at this market maker is generally higher than its peers, placing traders at a disadvantage. The EUR/USD spread is listed as 4.0 pips; traders who commit to a minimum deposit of $10,000 will see a reduction to 2.0 pips. Other assets also tend to be overpriced, rendering the cost structure questionable. No commissions exist, but the price difference between the bid and ask price ensures a significant client-driven revenue stream for Trade360. Swap rates on overnight positions apply, as noted on the website.
Trade360 will close open positions after 90 days of inactivity, and charge a 0.10% administration fee for hedged ones. After 21 days, hedged positions will be closed without further notice. For inactive accounts with a balance above $100, a fixed $100 fee every 45 days will be charged. For accounts below the $100 balance threshold, a lesser fee will apply, together with a notification of the account's impending closure. Deposit and withdrawals are free of charge from the broker's side, however, the broker does not disclose potential third-party costs which represent a serious misstep.
Assets are comparatively overpriced, which impacts trader profitability.
Swap rates on leveraged overnight positions are higher than competitors.
Traders should note the account inactivity and closure fees contained within the terms and conditions.
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What Can I Trade
Traders have access to 48 currency pairs, providing ample, if not slightly basic coverage of the market. Only five commodities are available, which fails to adequately complement the Forex market selection. Equities represent the bulk of assets, where 462 liquid names are listed; only seven index CFDs are listed, unfortunately. Completing the asset list are 41 ETFs; cryptocurrencies are notably absent. New traders will find the selection adequate and committed equity traders have an acceptable choice. More advanced traders will discover limitations, especially in the Forex and commodity sectors, however.
Trade360 provides basic Forex market coverage and hosts an adequate equity selection.
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The Trade360 account structure is unnecessarily complex. The apparent target market remains new millennial retail traders who prefer social trading. At present, the broker does not grant equal access to all deposits, seemingly slow to embrace a growing trend by other brokers. Spreads for the Mini account start at 4.0 pips for a minimum deposit of $500; only the CrowdTrader platform is offered. A deposit of $1,000 grants clients access to the Standard account, with a reduction in costs to 3.0 pips, and access to the MT5 trading platform.
The Gold, Platinum, and Diamond accounts feature the lowest pricing environment with a minimum spread of 2.0 pips. Besides deposit requirements of $5,000, $10,000, and $50,000, respectively, no significant difference is visible. Islamic accounts are available, though only if a minimum deposit threshold is met. Similarly, a professional account is available if certain criteria are fulfilled.
Trade360's account structure is needlessly complicated.
Qualified traders may apply for a professional account.
Professional accounts have access to higher leverage.
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The MT5 trading platform, the newer alternative to the popular MT4 platform, is available at Trade360. CrowdTrader, the in-house developed proprietary trading platform, remains at the core of Trade360, which is available as a webtrader and mobile version. It explains the absence of MT4, where third-party plugins provide identical features.
CrowdTrader provides access to real-time information based on client positions and trading behavior of Trade360, not for the selected markets as a whole. It may assist in the decision-making process. Crowdfeed, an advanced crowd trading algorithm, is located on the right side of the webtrader. It features trend spotting, trend reversal, moving fast, a surge in openings, going up, and going down alerts. An advanced charting package is advertised but worded as a fundamental technical analytics tool.
Trade360 supports the MT5 trading platform.
CrowdTrader, which supports social trading well, is at the core of Trade360's operations.
Crowdfeed, located at the right side of the webtrader, alerts traders to six events intended to allow traders to follow the crowd trading pattern at Trade360.
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Trading Central, one of the leaders in independent market research, is one of the most valuable assets at Trade360. It provides traders with sound market coverage and valuable research. Regrettably, it is not given a more prominent introduction, though it is integrated directly in the webtrader platform.
Trading Central represents a valuable asset at Trade360.
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Research and Education
Trade360 maintains a research category on its website which is updated each trading day with six trading recommendations provided by Trading Central. The short-format presentation features all necessary information plus a chart, resulting in quick, well-presented trading ideas. In-house research is not available, and an educational category was not found on the website. This broker relies entirely on the crowd to provide trading guidance to each other, generally in accordance with its business model.
Research is published each trading day, provided by Trading Central.
A brief introduction to each trading idea covers primary elements.
The chart grants traders the most valuable trade information.
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The Help Center attempts to cover the majority of questions related to Trade360. Clients have easy access to customer support via the live chat function. A webform is provided, together with a phone number and e-mail address. The products and services provided by Trade360 are operating as intended, making the use of customer support unlikely. It is available and accessible, but hours of operations are not listed.
Clients may obtain primary support in the help center.
The live chat function ensures easy accessibility in case questions arise.
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Bonuses and Promotions
Trade360 neither offers bonuses nor hosts special promotions in alignment with EU regulation.Back to Top
Opening an Account
New account openings require a name, e-mail address, password, and phone number. It grants traders access to the platform and back-office. Since Trade360 is an EU regulated entity, account verification is a necessary step. KYC and AML requirements are generally satisfied by submitting a copy of the trader’s ID and one proof of residency documents. Given the regulatory environment and compliance with it, traders can trust this broker.
The quick online application form processes new accounts, adhering to established industry standards.
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Deposits and Withdrawals
Trade360 supports bank wires, credit/debit cards, Skrill, Paysafecard, Neteller, Safecharge, Powercash, Trustly Group AB, Emerchantpay, Credorax, DIMOCO, and Phoenix Payments Ltd. No fees exist from the broker’s side, but third-party fees may apply. Per the website, processing times for withdrawal requests is up to three days. Per AML stipulations, the name on the trading account and payment processor must be identical. The overall choice is excellent, allowing traders flexibility and freedom to manage their capital flow.
Trade360 supports a wide choice of online payment processors.
The deposit process is straightforward, usually executed from the back-office.
Withdrawals may take up to three days to be processed.
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- Broker's Name : Trade360
- Headquarter : Cyprus
- Regulation : CySEC
- Type of Broker : Market Maker
- U.S. Clients Allowed :
- Minimum Deposit : $500
- Maximum Leverage : 1:30 retail, 1:400 professional
- Account 1 : Mini
- Account 2 : Standard
- Account 3 : Gold, Platinum, Diamond
- Account 4 : Professional
- Demo Account :
- Islamic Account :
- Segregated Account :
- Managed Accounts :
- Deposit Options :
- Withdrawal Options :
- ETFs :
- CFDs :
- Commodities :
- Metals :
- Oil :
- Gold :
- Binary Options :
- Indices :
- Type of Platform : MetaTrader 5, Proprietary platform, Web-based
- Platform Languages :
- OS Compatibility :
- Trading Signals :
- Charting Package :
- Market Analysis :
- Automated Trading :
- Scalping :
- Hedging :
- Mobile Alerts :
- E-mail Alerts :
- Trailing Stops :
- Guaranteed Stop Loss :
- Guaranteed Limit Orders :
- Guaranteed Execution :
- One-click Execution :
- OCO Orders :
- Interest on Margin :
- Web-based Trading :
- Mobile Trading :
- Website Languages :
- Support Hours : unspecified
- E-mail Support :
- SMS Support :
- Chat :
Pros and Cons
- Non-Forex Offering
- The “Crowd”
- Limited Choice of Platforms
- No Education Center
Is Trade360 a scam?
This broker has been in operation since 2013 and is fully compliant with its regulator. It is, therefore, a legitimate brokerage.
Is Trade360 regulated?
The Cyprus Securities and Exchange Commission (CySEC) provides the regulatory framework for Trade360.
How do I delete my Trade360 account?
The customer support team handles this request. While the account will be deactivated, the broker is required to keep records for up to seven years before destroying them entirely.
Does Trade360 offer the MT4 trading platform?
No, Trade360 offers only the MT5 platform alongside its proprietary CrowdTrader platform.
What is the minimum deposit at Trade360?
Mini accounts require a $500 deposit; full-featured accounts are available from $1,000, but $5,000 is necessary to receive the lowest cost structure.Back to Top
Trade360 is a CFD broker active in the social trading sub-sector, where it attempts to gain market share with its proprietary CrowdTrader platform. The company's idea client would be millennial traders who can appreciate the social/crowd trading aspect of the broker's offering. For this purpose, CrowdTrader, together with Crowdfeed, which alerts traders to six trends, fulfills the advertised service. Copying trades directly from the feed ensures a simple way to trade with the crowd.
Trading Central, which provides independent third-party research, represents the most valuable asset at Trade360; regrettably, it is not made available to all account types.Back to Top
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