Trade360 Review 2024
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trade360 provides an average offering in forex and CFD trading. With a mix of regulatory credentials and a variety of trading tools, it is a solid option but lacks standout features in some areas like education and market research.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Variety of tradeable symbols: With 1,062 tradeable symbols, it offers a broad range of trading options.
- Offers MetaTrader 5: This platform is preferred by many traders for its advanced tools and features.
- Regulated in multiple jurisdictions: Regulated by ASIC in Australia and CySEC in Cyprus.
Cons
- No MetaTrader 4 support: Many traders prefer MT4, which Trade360 does not offer.
- Limited educational resources: Does not offer a decent selection of beginner educational resources.
- Expensive spreads and fees: The rating for commissions and fees is below average.
Ratings Summary
- Investment Types - 7.5/10
- Commissions & Fees - 6.0/10
- Trading platforms - 7.5/10
- Research - 7.0/10
- Mobile Apps - 7.5/10
- Education - 6.5/10
- Overall - 7.2/10
Can I trust Trade360?
Trade360 is regulated by MiFID via Cyprus' CySEC and authorized by ASIC. However, it is not listed publicly or authorized by the FCA. ForexBrokers.com rates Trade360's trustworthiness as "Average Risk" with a trust score of 76.
Trade360 is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system
- Tier-2 Regulators - None
- Tier-3 Regulators - None
- Tier-4 Regulators - None
Is Trade360 good for beginners?
Trade360 may not be the best choice for beginners due to the lack of beginner education videos and limited educational resources. There are better options available for those new to trading.
Feature |
Trade360
|
---|---|
Education (Forex or CFDs) | No |
Client Webinars | No |
Videos - Beginner Trading Videos | No |
Videos - Advanced Trading Videos | No |
Investor Dictionary (Glossary) | No |
Trade360 commissions and fees summary
Trade360's commissions and fees are average and it does not offer active trader or VIP discounts. The average spread cost for the EUR/USD pairs is on the expensive side, and ranges by account type from 1.8 to 4 pips. Given these factors, Trade360 is a pricier choice for investors.
Feature |
Trade360
|
---|---|
Minimum Deposit | $250 |
Average Spread EUR/USD - Mini | N/A |
Average Spread EUR/USD - Standard | N/A |
All-in Cost EUR/USD - Active | N/A |
Active Trader or VIP Discounts | No |
Trade360 trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Trade360 offers a range of trading platforms and tools with an average rating. It supports MetaTrader 5 and provides a proprietary platform, making it a viable option for traders looking for varied tools.
Trading platforms offered: MetaTrader 5 and a proprietary platform.
Trading tools: Includes a range of tools, although some are locked to users based on deposit size.
Copy trading: Available, including a proprietary CrowdTrading tool that offers trading signals derived from crowd-sourced client sentiment data.
Feature |
Trade360
|
---|---|
Virtual Trading (Demo) | Yes |
Proprietary Platform | Yes |
Desktop Platform (Windows) | Yes |
Web Platform | Yes |
MetaTrader 4 (MT4) | No |
MetaTrader 5 (MT5) | Yes |
DupliTrade | No |
Trade360 trading platform screenshots
Mobile trading apps at Trade360
Trade360's mobile trading apps are rated as average, providing necessary functionalities for traders on the go but lacking some advanced features seen in top-tier apps.
Feature |
Trade360
|
---|---|
Android App | Yes |
Apple iOS App | Yes |
Mobile Economic Calendar | Yes |
Mobile Alerts - Basic Fields | Yes |
Mobile Charting - Draw Trendlines | Yes |
Mobile Watchlist | No |
Trade360 mobile app screenshots
How do I open an account with Trade360?
- Visit the Trade360 website.
- Click on "Open Account" or similar.
- Fill out the registration form with personal details.
- Verify your identity by uploading the required documents.
- Fund your account using one of the supported payment methods.
What can I trade at Trade360?
Trade360 offers 49 forex pairs and 1,062 tradeable symbols. While the number of tradeable symbols is below the industry average of 3,623, it still provides a broad range of trading options for investors.
Feature |
Trade360
|
---|---|
Tradeable Symbols (Total) | 1062 |
Forex Pairs (Total) | 49 |
Social Trading / Copy Trading | Yes |
Cryptocurrency (Physical) | No |
Cryptocurrency (Derivative) | Yes |
Spread Betting | No |
Trade360 research screenshots
Account funding at Trade360
Trade360 supports several funding options, including bank wires, Neteller, PayPal, credit cards, and Skrill.
Feature |
Trade360
|
---|---|
Visa/Mastercard (Credit/Debit) | Yes |
Bank Wire (Deposit/Withdraw) | Yes |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Neteller (Deposit/Withdraw) | Yes |
About Trade360
Trade360, founded in 2012, is a regulated broker offering forex and CFD trading. It is authorized by ASIC and regulated by MiFID, providing a range of trading instruments and platforms for its clients. However, it is not publicly traded or FCA authorized.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.