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Reviewed by: and verified by Steve Miley (The Market Chartist)

General

Broker:
Trade360
Founded:
2013
Regulator:
CySEC
Platform:
CrowdTrader
Payment Methods:
Visa, Mastercard, Maestro, JCB, DinersClub, American Express, Skrill, Wire Transfer

Features

Pros

Crowd Trading Platform
Cashback Rewards
Provides signals

Cons

Does not support Metatrader4
No managed accounts


Trade360 Review

Founded in 2013, Trade360 is a registered trade name of MPF Global Markets Ltd. Based in Limassol, Cyprus, the company is authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license number 202/13 and also has offices in the United Kingdom. In addition, Trade360 is approved by regulatory organizations in Europe and the UK, and it complies with the Markets in Financial Instruments Directive (MiFID).

Trade360 Website

The company’s official website is located at www.trade360.com and a screenshot from its home page is shown below.

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Trade360’s bases its innovative crowd trading platform on studies indicating that the analysis of group behaviour can reveal market trends before they show up in prices or exchange rates. The company’s proprietary trading tools measure rates of sentiment change relative to other indicators that provide above average forecasts of future trends. While the company does not provide trading advice, you can use their indicators to influence your own trades.

Trade360 Features

Trade360 provides its clients access to a wide variety of trading assets via its user-friendly online Crowd Trading platform. The company’s unique and intuitive dealing interface offers live data feeds and provides a useful solution for those interested in basing their trading decision on crowd behaviour.

Regarding accounts, Trade360 allows traders to open one standard live trading account with a $25 minimum initial deposit. The company currently offers a promotional real money bonus of up to $50 for trading if you register with them and give them your mobile phone number. You do not need to make any minimum deposit if you take advantage of this promotion.

Supported Trading Platforms

Trade360 developed its own proprietary crowd trading platform – known as CrowdTrader – with a variety of custom built tools that crowd traders will find especially useful. This innovative platform is exclusively accessible online using just about any modern browser or operating system, so no downloading is required. A mobile app is also available for those who like to trade on the go using iPhone, iPad and Android devices. Nevertheless, those traders who wish to use Metatrader4 will be disappointed, since Trade360 does not support that popular trading software.

The CrowdTrader system alerts you to possible trend developments as those instruments popular with the crowd shift. It allows you to both monitor positions and execute trades in hundreds of trading instruments, including a variety of currency pairs, commodities, stocks, indexes and CFDs. The company helps assure the safety of your personal and transaction data by using the latest 128-bit SSL encryption technology.

Traders can watch the system’s live feed to observe market trends happening and shifting in real time. This lets traders choose what positions to take based on the “Wisdom of the Crowd” that the system displays.

Trade360 Platform

The following screenshot shows the basic functionality and some of the trading instruments you can deal in via Trade360’s CrowdTrading web interface. The platform offers mini charts, daily price extremes and execution capabilities, in addition to market movement and crowd information that traders can use to help them go with the flow of any market they are trading.

Deposits and Withdrawals

Trade360 has a minimum deposit amount of $25, and they currently offer new clients a $50 joining bonus that they can use to start trading with. The broker accepts deposits made with credit cards, which include: Visa, MasterCard, Maestro, JCB, DinersClub and American Express. In addition, you can use Skrill and Neteller to fund trading accounts, and bank wire transfers are also accepted. The company charges no fees on deposits.

Withdrawals from Trade360 accounts usually take from three to ten business days depending on which withdrawal method you select. Making withdrawals is somewhat complicated. You will first need to get started by logging into your Trade360 account, choosing “withdraw funds” from the dropdown menu in the upper right, and then entering the requested information.

You must also upload some images, starting with an image of a valid driver’s license, passport, or government issued identification. You will also need an image of a recent utility bill less than three months old with your full name and home address printed on it. You must also include a clear image of the front and rear of the credit or debit card to be used for the withdrawal to the account you wish to credit. For security reasons, you should probably hide most of the card information and just leave your name and the last 4 digits of the card’s number visible.

Customer Support

Trade360 offers 24/5 support via live chat, email and phone. Their customer service people seem very helpful and are readily available to assist clients around the clock during trading days. They can be particularly useful when registering an account, setting up your trading platform, or even if you need help understanding how to use a crowd trading approach in your trading plan.

Trade360 understands that their approach to trading is unusual, so their staff is especially pleased to assist those unfamiliar with crowd trading concepts. They also provide educational materials – including training e-books for those new to crowd trading – in addition to market analysis, market commentary, and system-generated trade suggestions.

Finally, although the company does not give investment advice or manage trading accounts for clients, they do provide signals or clues as to how trends might be developing in the markets. Traders who understand crowd trading methods can use such signals in their own process of making trading decisions to improve their profitability.

Trade360 Conclusion

Overall, Trade360 is a well-regulated broker offering an unusually innovative trading service that gives clients the ability to execute trades in a wide variety of markets based on crowd trading concepts.

The company’s relatively easy to use proprietary online trading platform has integrated charts and offers potentially useful crowd trading information, with versions available for all popular mobile devices. Trade360 also has a very low minimum required deposit and currently offers a decent starting bonus.

On the downside, this broker lacks support for the popular MetaTrader trading platform, and its account funds withdrawal process appears to be rather cumbersome. The company’s website also seems rather difficult to navigate through, and trading spreads seem significantly wider than those currently offered by other brokers.

Editor

Having started his online career back in 2005, over the years, James has written for scores of websites, covering online poker, eSports, Forex trading, binary options, and digital ledger technology... Continued

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