Trade360 has been in the financial market since 2013. It is based in Limassol in Cyprus, and it is owned by a company called MPF Global Market Limited. The firm is regulated by Cyprus Securities and Exchange Commission and the license number is 202/13. Trade360 is supervised, and this means that investor’s funds are safe. The company adheres to the standards set by MiFID. Furthermore, it is under the European Union Legislation. The firm does not accept customers from the United States of America.
Features
- If you are deciding whether to join any forex broker, one of the factors to consider includes the available features. One of the features the company is known for is its crowd trading. This is an innovative feature, which helps to determine whether market sentiment can change in relation to several other market trading conditions.
- The company does not offer any trading advice, but they use effective indicators, which facilitate your trading decisions. From the CrowdTrading platform, traders can select from various trading assets. Furthermore, they provide great trading interface, this makes live trading feeds available, especially for crowd trading.
- The company would require a minimum deposit of one hundred dollars before clients could open standard live trading account with the forex broker. In addition to that, they are offering demo trading account for beginners and others who want to enhance their trading ability. The company makes available ten thousand dollars virtual money for those demo trading accounts.
Trading Platforms Supported
- The company uses trading software called CrowdTrader. The software has various trading tools and these are inbuilt to the system. Customers can always have access to them.
- The platform is easy and simple to use. The software does not require any download before you begin to use it. Moreover, you can access this platform using any web browser of your choice and different operating systems. In the same way, the company offers mobile trading application and you can use this on your mobile devices like iPads, iPods, iPhones, and versions of iOS.
- The company delivers alerts to its clients and this can help you to take your trading decisions without much difficulties. You can always be ahead of the market trend and developments within the market. Furthermore, if there is a trend reversal, the system would equally detect it.
- Moreover, they offer hundreds of trading instruments, and the platform, it is easy for users to place trade as well as monitor their trading positions. Some of the instruments available with the company include CFDs, stock, commodities, indexes, as well as the major currency pairs and so on.
- When you use the system, you are not going to exercise any fear as regards to the safety of your funds. Because of that, they use 128-bit SSL encryption system to secure the transactions and fund transfers. Traders can always monitor the market performance using live feeds. The platform has an edge because traders can always take advantage of the market and take a decision.
Deposits and Withdrawals
- The system requires a minimum deposit of one hundred dollars. With this, you can begin your live standard trading account. This is different from practice trading account. Whenever, a trader deposits the initial one hundred dollars, the company offers money back of ten dollars for that.
- To deposit money to the system, the company accepts American Express, DinersClub, JCB, Maestro, MasterCard, as well as Visa. Moreover, you can fund your account through Neteller, Skrill, as well as bank wires and so on. For any deposit you make the company does not charge any fee for that.
- Withdrawal is also not difficult with the company. Withdrawal orders can always be fulfilled within three to ten business days, but that depends on the withdrawal method you have selected. Before any withdrawals is made, it must be done through the account. Withdrawal process must be followed.
- Verifications may be required before withdrawals and it requires any government issued identification, passport, driver’s license and so on. Furthermore, you would be asked to provide a utility bill and this must not be more than three months old and full name and address of the customer must be shown.
Customer support
Trade360 offers twenty-four hours customer service support. Support is available through different channels like telephone lines, live chat, as well as email and so on. The support is available within the five trading days.
The company provides useful materials and resources that can help traders. Useful educational resources are provided for training and they are available in e-books.
Pros
- It offers bilingual support
- The company provides innovative trading system
- They make available high leverage ratio
- They provide cash reward
- Regulated broker
Cons
- They do not provide chat support
- The platform provides higher than the average spreads
- The interface is oversimplified
Conclusion
Trade360 is a regulated broker and offer different kinds of trading services. They provide the most friendly trading platform. The system is not easy to navigate and use.