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Plus500 vs Trade360 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Plus500 and Trade360? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Plus500 ranks more highly than Trade360.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating expand_moreexpand_less Plus500 Trade360 IG
Overall Rating 8.2 / 10 7 / 10 9.7 / 10
Account Type expand_moreexpand_less Plus500 Trade360 IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No Yes No
Copy Trading expand_moreexpand_less Plus500 Trade360 IG
Social Trading / Copy Trading No Yes Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Plus500 Trade360 IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less Plus500 Trade360 IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Plus500 Trade360 IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Plus500 Trade360 IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading No Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals No No Yes
ETF Yes Yes Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Plus500 Trade360 IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) No Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) No No Yes
MetaTrader 5 (MT5) No Yes No
Regulatory Licenses expand_moreexpand_less Plus500 Trade360 IG
Tier-1 Licenses 4 1 7
ASIC Authorised (Australia) Yes Yes Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes No Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) Yes No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 3 1 2
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Plus500 Trade360 IG
Trading Central (Recognia) No Yes No
Forex News (Top-Tier Sources) No No Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) No No Yes
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) No No Yes
Trading Costs expand_moreexpand_less Plus500 Trade360 IG
Minimum Initial Deposit โ‚ฌ100 $250 ยฃ250.00
Average Spread EUR/USD - Standard 0.6 (as of Aug 2018) N/A 0.828 (September 2021)
All-in Cost EUR/USD - Active N/A N/A 0.365 (May 2020)
Active Trader or VIP Discounts No No Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes Yes Yes
Trading Tools expand_moreexpand_less Plus500 Trade360 IG
Watchlists - Total Fields 9 7 14
Mobile Watchlist Yes No Yes
Charting - Indicators / Studies (Total) 110 30 33
Mobile Charting - Indicators / Studies 110 116 32
Trust Factors expand_moreexpand_less Plus500 Trade360 IG
Year Founded 2008 2012 1974
Publicly Traded (Listed) Yes No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 99 75 99
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Plus500 vs Trade360 Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs Trade360.

Can I trust Plus500?

Plus500 has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Trade360?

Trade360 has a trust score of 75, giving it a "Average Risk" trust label.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker offering a wide range of CFDs from within its user-friendly trading platforms. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.

Is Trade360 a good broker?

Trade360 offers a growing range of markets and its own proprietary platform suite, alongside support for MetaTrader 5. However, spreads are higher than the industry average, and the scope of educational resources and research content are limited.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Plus500 is ASIC Authorised (Australia), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FCA Authorised (U.K.), while Trade360 is ASIC Authorised (Australia)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Plus500 is CySEC Authorised (Cyprus), ISA Authorised (Israel) and FSCA Authorised (South Africa), while Trade360 is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), NSE Authorised (India), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses unfortunately, neither Plus500 nor Trade360 are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Plus500 supports a Proprietary Platform, whereas Trade360 supports a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Plus500 offer MetaTrader? Does Trade360 offer MetaTrader?

For MetaTrader Plus500 provides neither of these, while Trade360 provides MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers., neither have MetaTrader 4 (MT4)

How do Plus500 and Trade360 differ in terms of minimum deposit? What about average spreads and funding options?

Plus500 requires a minimum deposit of โ‚ฌ100, while Trade360 requires a minimum deposit of $250. From our testing we found Plus500 offers spreads of 0.6 (as of Aug 2018), while Trade360 offers spreads of N/A. Both Plus500 and Trade360 offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.

Which brokers offers more tradeable asset classes, Plus500 or Trade360?

Plus500 offers a more diverse selection of investment options than Trade360 allowing you to trade Forex Trading, Trading - Forex or CFDs, Metals, Energies, ETF and U.S. Stocks (CFD)., neither have Spread Betting and Agriculturals Looking at total tradeable symbols, Plus500 has 1896, compared to 1062 from Trade360.

Can I trade cryptocurrency with Plus500 or Trade360?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Plus500 nor Trade360 allow you to trade physical cryptocurrencies.

Who offers more research tools, Plus500 or Trade360?

In terms of research and research tools Plus500 gives traders the following tools: Daily Market Commentary and Stock Charts. In comparison Trade360 has the tools listed here: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist and Forex News (Top-Tier Sources)




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