Trade360 was a CySEC-regulated company that offers online trading services to clients all over the world. Established in 2013, Trade360 has quickly become a leading provider of trading services. As a regulated firm, Trade360 operated in accordance with the strict standards set by the Cyprus Securities and Exchange Commission (CySEC).
That provides clients with the assurance that their investments are being managed by a trustworthy and reliable company. However, they shut down the business in January 2023 and voluntarily renounced their license.
In addition, we recommend reading our reviews about brokers XTrade, ET Finance, and Libertex.
|Broker status:||Regulated Broker|
|Regulated by:||No regulation|
|Owned by:||Crowd Tech Ltd|
|Supported Platforms:||MT5/ CrowdTrader|
|Minimum Deposit:||100 USD|
|Cryptocurrencies:||YES – BTC, ETH, LTC|
|Types of Assets:||Forex, Commodities, Indices, Shares, Crypto|
|Maximum Leverage:||1:30 for EU Citizens / 1:500 for AU Citizens|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Trade360 Is A Regulated Broker With License?
Crowd Tech LTD follows the regulatory framework provided by the regulatory body CySEC. investors within the European Economic Area have experienced losses due to leverage developments since 2018 according to Trade360 reviews.
However, checking the database of Tier 1 regulators like FCA, BaFin, or ASIC didn’t bring any results about the Trade360 broker. That is unfortunate since we always recommend companies with those regulations.
Trade360 is a broker that has a reliable trading platform with advanced features but it’s not licensed. Moreover, they stopped their operations in January 2023.. Unfortunately, 70% of clients in the reviews are complaining about the services of this broker.
Reasons for Using a Regulated Broker for Trading
In the world of trading, transparency, and security are vital. Traders seek brokers who provide clarity on trading conditions and withdrawal policies. Regulation plays a crucial role in ensuring these aspects. With regulations in place, traders have someone to turn to in case something goes wrong – the regulators.
What Platforms Does Trade360 Offer? – Available Trade Software
Trade360 offers the traditional MetaTrader5 trading platform. However, the company’s proprietary platform, CrowdTrader, remains at the core of its trading services, and users tend to prefer the mobile and web versions of it.
The CrowdTrader platform gives users real-time access to data based on customer positions and Trade360’s sentiment analysis. Additionally, the web trader’s right corner features an advanced crowd trading algorithm called “Crowdfeed,” which can identify trends, pullbacks, volatility, waves of opportunities, and price fluctuations.
Trade360 has created an app that is compatible with iPhone, Android, and iPad. The app provides users with convenient access to their trading accounts. Besides that, allows them to manage their trading activities from anywhere. This useful software gives traders the freedom and flexibility to stay in control of their trading on the go.
Unlike MetaTrader5, which relies on third-party plugins to provide similar features, the CrowdTrader platform gives users real-time access to data based on customer positions and Trade360’s sentiment analysis. This data can be useful in supporting traders’ decision-making processes.
It’s just a matter of a preference choice between such platforms, but with Trade360 broker both are reliable.
MT5 as the leading platform is self-explanatory. Many traders got used to it and they stick to it. It offers a vast of advanced features like social and copy trading, advanced indicators, chart customizations and many more. You wouldn’t make any mistake choosing any of these.
Trader’s Reviews of Trade360
The overall rating on Trustpilot for this broker is 1.4 unfortunately. Besides good regulation, they have a lot of negative reviews. More than 70% of clients had complaints about this broker. A total number of 390 reviews, comes up as a big number. Check out yourself.
What Financial Instruments Does Trade360 Include?
This broker provides a vast selection of assets across various asset classes. However, the broker’s leverage options are limited to a maximum of 1:30 in adherence to regulatory requirements. That is a positive aspect when trading CFDs.
Some of the assets are.
- Forex – USD/GBP, USD/SEK, AUD/SGD
- Commodities – natural gas, platinum, silver
- Indices – FTSE100, DowJones, AU200
- Shares – Starbucks, Tesla, Microsoft
- Cryptocurrencies – BTC, BCH, LTC
Trade360 Service Countries
Trade360 offers its services to a few countries:
- United States
However, there is a more comprehensive list of countries that interested parties can check themselves. Some clients from the countries mentioned have expressed dissatisfaction with the broker’s services. Mostly with the withdrawal procedures, as evidenced in Trade360 reviews.
List of Trade360 Account Types
The broker only offers 3 different account types:
- Classic – 450$
- Premium – 10.000$
- Zero Spread – 50.000$
The broker offers better trading conditions in terms of spreads for every higher account. For classic and premium accounts there is an available Islamic account. However, if traders want to test everything out they can do that through a demo account provided by Trade 360 broker.
Can Customers Open A Free Demo Account?
Good thing is that this broker offers a demo account as an option. However, trading with virtual funds is not reliable because it’s not the same psychology when you are investing in virtual and real funds.
Therefore, traders should be extremely careful. But to have it as an option is always a good choice.
The main difference between professional and retail accounts is in leverage. Due to ESMA rules, they are not allowed to provide leverage 1:30 to retail and EU traders. However, if traders comply with certain qualities to become professional they can upgrade their account to professional. For retail traders, it might be dangerous.
Trade360 Deposit and Withdrawal Policies
The Trade360 broker provides many deposit and withdrawal methods like cards, wire transfers, Neteller, Skrill and many more e-payment methods. According to the company policy, they accomplish withdrawals within 7 days and they don’t charge any fees for withdrawals. However, the third-party service provider might charge a fee.
Nevertheless, even besides a regulation and transparent policy, some customers have expressed themselves in Trade360 reviews as unsatisfied with withdrawal procedures.
Trade360 Details of the Terms and Conditions
Brokers like Trade360 that are licensed by a trusted regulator have very plain and clear conditions. Even though they have clear conditions for trading, they don’t have clear rules for customer service. According to Trade360 reviews, they are harassing their clients, which is not by many laws.
Leverage, Spreads, and Fees
Due to precise regulations, this broker offers leverage up to 1:30 for retail traders. However, they have an exclusive offer for professionals to get leverage 1:500. Traders can expect averaged spreads, on some accounts starting from 0 pips.
We already mentioned the broker doesn’t charge fees for withdrawals but they charge an inactivity fee.
What Should I Do If I Have Trade360 Problem?
If you had any troubles with Trade360 trading company, feel free to share your story with us. But before that, you can reach their regulator and see what might be a solution to your problem.
Many clients don’t know what to do in such situations. Therefore, we have formed an expert team for assistance. To get advice on any topic regarding trading contact us.
What Is Trade360?
Trade360 is a Cyprus-based company offering FX and CFD trading services worldwide since 2013.
Is Trade360 a Regulated Broker?
Not anymore, since January 2023. Trade360 renounced it’s trading license and backed out of business.
Is Trade360 Available in the United States or the UK?
This broker is offering services to both mentioned countries according to Trade360 reviews.
Does Trade360 Offer a Demo Account?
Yes. Through both of their platforms, you can test trading conditions and features with virtual funds.