Trade360 CFD Review
Average Review
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Trade360 is the brand name of Crowd Tech LTD, a Cyprus based brokerage firm that was founded in 2013. Trade360 is a CFD and Forex Broker, that is active in the social trading sub-sector of the financial market and offers traders the CrowdTrading feature, which extracts data from all of its clients and analyses trends to provide the trader with the best possible trading options.
Basically, Trade360 capitalizes on cognitive research, which explores the possibility that a crowd will make better choices than individual professionals. It has been reported that Trade360 appeals to millennial traders who prefer a social approach to trading. The broker uses CrowdTrading technology and the MetaTrader 5 platform, which is popular among brokers all over the world and it appears that traders feel more comfortable trading on these platforms.
Trade360 IS governed by the Cyprus Securities and Exchange Commision often referred to as CySec. Cysec provides a regulatory framework for Crowd Tech LTD and as an EY-regulated brokerage, it complies with the Financial Instruments Directive 2014/65/EU or MiFID and the EU’s 5th Anti-Money Laundering Directive. It also complies with the EU Directive 2014/49/EU, and the Investor Compensation Fund which protects all retail traders up to €20,000 in the event of default. Since 2018, traders managing accounts within the European Economic Area operate at a disadvantage, due to the changes in leverage.
Traders funds are segregated from corporate funds and a custodian bank has not been specified. Trade360 stipulates a list of required documents on the official website. This includes Pillar 3, which is audited by Price Waterhouse Cooper, one the world’s most renowned accounting firms. Pillar 3 is also referred to as the Basel Standards, is another regulatory framework based on the adequacy of bank capital which includes stress testing and evaluation of market liquidity risk. The website is secure and hosted in two different locations that require synchronization. The regulatory environment and compliance is excellent and traders can feel secure knowing that Trade360 is safe and reliable.
Register your Trade360 account through Coin Insider and receive a FREE Personal Account Manager to walk you through your account setup process.
It is important to note that Trad360’s pricing environment is generally higher than its peers. Many traders may count this as a disadvantage. The EUR/USD spread is listed as 4.0 pips and traders who make a minimum deposit of $10,000 will see a reduction to 2.0 pips. The other assets on offer tend to be overpriced. There is no commission charged, however, it is important that traders are made aware of the price difference between bids and ask price. Trade360 closes open positions after three months of inactivity and a 0.10% fee is charged. Hedged positions will be closed without further notice. Inactive accounts with a balance above $100, a fixed $100 fee every 45 days will be charged. Accounts below $100 balance threshold, will be charged a lesser fee. Traders will be notified whenever an account is closed. Deposits and withdrawal fees are not charged from the broker, but the broker does stipulate potential third-party costs.
Traders have access to over 45 currency pairs, which provides ample market coverage. There are only five commodities available. Equities make up the bulk of assets, where 462 liquid names are listed; only seven index CFDs are listed. The asset list is made up of 42 ETFs, this does not include cryptocurrencies. Traders who are new to the market may find this selection reasonable, while equity traders have an acceptable choice. More experienced traders will discover that there are limitations, especially in the Forex and commodity sectors.
Trade360 offers clients the choice between six different accounts. Each account holds a different features. It is important to note that Forex Islamic accounts are also available for traders. Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and what the regulatory requirements are. However, every account enables access to the broker’s own live Crowd. All of these accounts are commission free and come with varying minimum deposits and services. These accounts include, Mini, Standard 360, Gold, Platinum, VIP and Islamic360. Every account enables access to the broker’s own live CrowdTrading feed where users can see what other traders are doing. Accounts may not be opened by U.S. citizens.
Here is a breakdown of minimum deposits for each account:
Eligible traders have the opportunity to be classified as Professional clients according to CySEC rules. Professional clients have access to increased leverage up to 1:400 and no ICF entitlement. The traders who are classified as Professional clients are usually experienced traders who have been active on trading platforms and trading environments for some time. Islamic accounts that comply with the Sharia are allowed upon request.
Trade360 offers traders several deposit methods. The deposit options available depend on the residing country of the trader. This includes bank wire transfers, Debit/credit cards and online payments. Furthermore, VISA, MasterCards, American Express, Neteller, Skrill and Trustly are verified payment methods.
Trade360 offers a variety of trading instruments that can be traded online, such as:
Trade360 provides the MT5 trading platform, which is the newer alternative to the popular MT4 platform. CrowdTrader is also available and is the in-house developed proprietary trading platform, which remains the core of Trade360. CrowdTrader is available as a webtrader as well as the mobile version. It has identical features to the MT4 trading platform. CrowdTrader also provides access to live information based on the trader’s positions and trading behavior. Crowdfeed is the advanced crowd trading algorithm, which can be found on the right side of the webtrader. Crowdfeed has significant features such as trend spotting, trend reversal, moving swiftly, a surge in openings, going up and going down alerts.
| Pros | Cons |
| ✔️ Regulated by the CySec authority. | ❌ Unfortunately, Trade360 is not available to Iran, Canida and the USA. |
| ✔️ Traders have access to the MT5 and brokers proprietary online platform. | ❌ No trading academy or academic resources. |
| ✔️ CrowdTrading technology is available, which provides the trader with useful information on other traders sentiments. | ❌ Higher spreads compared to other brokers. |
| ✔️ Six different account types and deposit options. | ❌ No binary options available. |
Trading Central is considered to be one of the leaders in independent market research and one of the most significant assets of Trade360.
Opening an account is fairly easy and should take about 20-30 minutes. Upon landing on the official website, there is a register now button in the top right corner of the site. Here, traders will have to complete a registration form, where they will be prompted to fill in some basic information such as, email address, contact details and residing country. It is important that new traders provide information that is accurate, for verification purposes. If the information is entered incorrectly the account will fail verification and no trading will be allowed until verification is successful.
The economic calendar is a significant feature of Trade360, because it provides fundamental analysis. This feature is available on the website and on the other two trading platforms. The economic calendar shows dates and times of important economic events and their forecasted effects on the volatile cryptocurrency and financial markets. The economic calendar also shows past events and their impact.
The CrowdTrading can be found on the right hand side of the official website. This feature updates the trader with market data in real time.
Here are the data types:
Trading Central provides expert technical analysis that is available at no cost to traders who have made a minimum deposit of $1,000. Trading central is reported to be a certified financial research firm that provides some trading tools and technical and fundamental analysis on trading tools.
While Trade360 does not provide extensive guides on trading and the cryptocurrency market, there is information on the official website that explains terms such as, commodities, indices, stocks, ETFs, CFDs and Forex.
Trade360 does have an active customer service team that is dedicated to assisting traders with any enquiries or problems that they may encounter on the platform. The customer service line is available 24- hours a day, five days a week. Customer service can be reached via email, telephonically or on the live web chat available on the official website. A contact us form is also available on the official website. There is also a comprehensive FAQ section that is available online.
Trade360 has won a few awards in recent years. Here is a list of awards the company has acquired:
The European’s Global Business Awards recognises excellence across the world of commerce. It is awarded to companies that measure success “beyond the balance sheet”, providing product innovation, contributing to society and soundly stewarding the environment so as to become benchmarks by which industry results are judged. In its words:
“Trade360 has revolutionised the concept of Online Trading with the introduction of CrowdTrading – a unique, technologically advanced approach to the trading of CFDs on Currency Pairs, Commodities, Stocks and Indices.”
The European’s Global Banking & Finance award for “Most Innovative Social Trading Technology” is awarded for contributing to the state-of-the-art in online financial trading. Trade360’s accomplishment is based on the dedication and investment that have resulted in the unique design and valuable trader experience of the company’s ground-breaking CrowdTrading technology. The system provides valuable insights into real-time market trends, representing the future of the online investment industry.
In 2016, Trade360 was awarded the AtoZ Forex.com “Forex Innovator” award for a second straight year and in 2019 for the third time! A true technological innovator, Trade360 is dedicated to developing the latest trading tools to offer the most enhanced trading experience possible.
Trade360 may be fairly new on the market, but it is dedicated to servicing its clients in the best way possible. The award-winning CrowdTrading technology is a bonus feature that is designed to help traders make successful trades. Trade360 is regulated by CySEC which ensures that all traders are safe and secure on the platform. CySEC has stringent rules and regulations which protects traders against fraud and scams. Trade360’s spreads are higher than its competitors but the technology is innovative and has been designed for the best interest of the trader. In summary, we can conclude that Trade360 is a broker providing good quality service to its clients.
Credit Card, Debit Card, Prepaid Card, eWallet, Online Bank Transfer, Local Bank Transfer
New clients can simply make the deposit via the website’s secure Payment Page. If you choose to fund your account via local Bank Transfer, simply instruct your bank to wire the funds from your account into our bank account.
The best step to take when experiencing any difficulties with making a deposit is to contact our Support Team as soon as possible. The customer support team is available for 24 hours.
To prevent identity theft, money laundering, and financial fraud, Trade360 is required by international regulatory authorities to have all prospective clients verify their identity by submitting identification documents – a procedure known as “Know Your Customer”, or “KYC” for short.
In order to adhere to the “Know Your Customer” procedure, we require the following documentation:
On the official site you will be able to submit documents, once the registration process begins you will be prompted to do this.
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| Term | Definition |
| Contract for Difference (CFD) | A Contract for Difference is a well-known type of financial derivative instrument, much like indices, commodities, currencies,etc. |
| Contracts for Difference (CFDs) | A formal agreement between two parties/people to pay the difference in price from when the contract was opened until the contract is closed. |
| CFD Trading | Investors have the option to go short (sell a CFD) if they think a price will decrease or go long (buy a CFD) if they think the price will go up. |
| Margin | The margin refers to the minimum deposit required. |
| Initial Margin | The initial amount required in order to open the position. It is often also referred to as an initial deposit. |
| Average True Range | ATR refers to the measure of market volatility over a specific period of time. |
| Back Testing | Back testing occurs when a strategy is put to the test, by using historical data for validation. |
| Base Currency | The first listed currency in a pair. |
| Commodity CFD | A type of CFD that derives its value for an underlying commodity it’s meant to track. |
| Consolidation Market | A market that is stagnant, neither moving up or down. |
| Currency Pair | Forex is trading in currency pairs. It refers to the price quoted in terms of the relative values of one currency against another. |
| Leverage trading | Also referred to as margin trading. The process in which an investor borrows a large amount of money from a broker to open a larger position. |
| Leverage ratio | The amount of leverage/money provided by a broker to trade a leveraged product. The amounts typically offered are 5:1, 10:1 and 30:1. |
| Maintenance margin | The amount of minimum funds needed to keep positions on the account open. |
| Used Margin | The amount of money that is currently used to keep positions open. |
| Equity | The total value in an investors account. |
| Free Margin | Funds available on an account to trade with (not currently being used by open positions). |
| Overnight charges | A Fee charged by a broker for holding a position over night. It is also referred to as an overnight financial charge and is linked to the interest rate of the currency being traded. |
| Buy position (“going long”) | A long position is the purchasing of an asset, with the expectation that its value will increase. |
| Sell position (“going short”) | A short position refers to the sale of an asset. with the expectation that its market value is set to fall. |
| Slippage | The difference between a requested market price and the actual price the trade was filled at. |
| Debt-To-Equity Ratio | The ratio of the total debt of a company to the amount of capital that shareholders have invested in the company. |
| Derivatives | A financial instrument that obtains its price from underlying security, index, currency pair or commodity. |
| Donchian Channel | An indicator that has two boundary lines determined by the highest and lowest points. |
| Downtrend | A series of lower highs and lower lows in the cryptocurrency market. |
| Earnings Per Share (EPS) | The profit the company makes is divided by the number of outstanding shares the company has. |
| Ex-Dividend Date | The very first day, a buyer of a share no longer obligated to a payment of the dividend the stock (or CFD) offers. |
| Exposure | The sum total value of all your positions in the market at any particular time. |
| Finance Charge | The price charged to hold a given position from one trading day to the next. This charge is generally calculated, based on the country’s cash rate plus a small interest charge. |
| Fixed-Dollar Model | A certain fixed-dollar model, where a certain amount is allocated to risk on any given day. |
| Fixed Percent Risk Per Trade | This refers to a risk management model where a certain amount of money is allocated to overall trading capital. |
| Forward Testing | Testing a strategy in real time, while the movements in price unfolds. |
| Fundamental Analysis | A method developed to evaluate the value of a company relies on financial statements, PE ratios, future growth projections and company financial statements. |
| Post-market Auction | The last available trading opportunity for the day before the market closes. |
| Pre-Market Auction | The identical matching out of prices |
| Price-to-Earnings Ratio (PE) | Determining the projected worth of a project by dividing the current market price by the earnings per share. |
| Product Disclosure Statement (PDS) | A document held by every financial services company, to provide to their clients regarding their products or services. This document will outline how the product in question worked, its potential benefits, and associated risks. |
| Pyramiding | A rule where traders add to their existing position(s) in an attempt to maximize the potential profits on winning trades. |
| Range-Bound Trading | Trading in a range where the value fluctuates between two main points. The two points are typically referred to as “Support” and “Resistance.” |
| Return On Equity (ROE) | The return a company generates based on the net assets they hold. |
| Return On Investment (ROI) | The amount of return you’ve realized on your deposited capital. |
| Scaling In | Initiating a trade by opening a small position in order to determine your readiness to bring it up to a normal position. |
| Scaling Out | Gradually closing your trade as it moves in your favor or reaches some specified profit objective. |
| Technical Analysis | Any mathematical formulas used over the price and/or volume history of the market in an effort to determine the probable next move of any particular asset. |
| Volatile Breakout Trading | A type of trading strategy that attempts to take advantage of short, sharp movements in the market over relatively short periods of time. |
| Volume | A measure of the number of shares or contracts that are solidified over a set period of time. |
| Trend-Following Trading | A trading strategy that attempts to profit from markets that tend to move either up or down for extended periods of time. |
| Trend Line | A line drawn across a chart to line up successively higher bottoms in up-trending markets |