Read our comprehensive Trade360 Forex Broker Review and judge out it is a scam or not .The Trade 360 is an online broker with an appetite to innovate and bring good results to traders who want to try their hands on FX, CFDs and commodity trading in general. The reason why they are worth reviewing here is because Trade360 Forex broker has gone a notch higher in introducing an entirely new genre of trading capabilities for their clients. They call it ”Wisdom of the Crowd” phenomenon or Crowd Trading if you like. In addition to this, www.Trade360.com offers a set of complex analytical tools which are specialized in producing useful information based on the new concept. So if you want to learn about them before joining, this Trade360 Review will give you insights better than the scam reviews that you possibly see about this broker.
Background Of Trade 360 Forex Broker Industry
They’ve existed for a while now (since 2013), although the concept of Crowd Trading was only introduced the other day. It is worth noting that this broker is based in Cyprus, and is currently regulated by CySEC under license no 202/13. That’s a good place to start in reviewing Trade360, although it is never a guarantee that they will serve their customers as promised. Actually, this broker is a trade name of MPF Global Markets Ltd, so their activities are directly influenced by that brand. Their headquarter is domiciled in Cyprus, although they have offices across the UK. These proof about the registration and regulation of this broker gives ample proof against any scam .
Unique features offered by Trade 360
(a) Crowd Trading concept
The Trade360 Broker Account makes work easier by incorporating the Crowd Trading concept. This concept is actually concerned with collecting traders’ information and aggregating the data into a form that can be understood by other traders. For example, if traders are focused on GBPUSD pair from across the globe, then you will likely see this data expressed in average form. Therefore, instead of just relying on the analytical instruments which they provide, they will say that 60% of traders have chosen to go long or short on that particular currency pair. This information is further backed by complements that tell you how long the trend has been in place and whether or not it is likely to stay or reverse soon. You can therefore make your review judgement based on what other traders are thinking, hence the term ”Wisdom of the crowd” as applied in trading and it really helps for trading with Trade360 account.
(b) They offer segregated accounts
As a Trade360 client, your deposit will be segregated from the opening capital before being secured by the national investor protection programs which are in place. You don’t have to worry about the safety of your funds and profits in general.
(c) No downloading files
With Trade360, there is no downloading any software since every trading activity is performed on the internet. No complex downloads that eat bandwidth. Mobile apps are also available for those who want to trade on the go.
(d) Minimum deposit of $25 only
This feature has ensured that all traders are able to test their trading skills to see how they can perform in the real markets. You can review your skills here , Once you’re confident of your skills in the Trade360 demo account and convinced against any sort of scams, you can always open a live account to start making money.
(e) They offer a wide range of trading instruments
Whether you’re into Forex, stocks, indices or commodities, Trade360 Forex Broker Account will provide it all for you. There are 40 currency pairs, 15 indices, 58 stocks and 6 commodities to trade.
(f) Decent leverage across different trading instruments
Our Trade360 review finds that leverage varies depending with the trading instrument which you are using. You should generally expect a leverage of up to 200:1 on currency pairs, oil, gold and silver. Take note that the potential of a margin call existing is real, so fund your account sufficiently or take smaller lot positions to avoid getting kicked out of a position prematurely and never complain of scam .
(g) Technical a Analysis Instruments and Support is provided
The Trade360 offers technical review instruments, trading ideas, e-books and customer support to help you make an informed choice while trading. There is no shortage of resources that can help you get started and learn trading.
But even though scalpers are welcomed aboard, there is a restriction on how they can scalp. According to Trade360 Account you can only scalp after a 1 minute threshold on individual positions. That’s a major setback which scalpers wouldn’t want to hear.
Platforms For Online Trading At Trade 360
This Forex broker offers online trading for those who want to sharpen their skills on demo account. You can actually access demo account both on desktop and mobile devices. They also allow micro-lot trading as well.
Apparently, the Trade360 broker doesn’t put emphasis on Metatrade4 which many traders across the world prefer. Instead, they have a mobile app which does a very good job in helping traders read and enter the markets at appropriate positions. So if you are an addict of Matatrade 4, you’ll be in for disappointments. But if you don’t mind which platform you are using, then you have the advantage of trading anywhere with the peace of mind that comes with knowing that your funds are protected by the latest 128-bit SSL technology.
Deposits and withdrawals
Our review finds that there is a wide range of deposit methods allowed at Trade360 account. All the deposit methods are credible which show that this Forex broker is not a scam. You can do so with Visa, MasterCard, American Express, Skrill, Neteller etc. You may only withdraw through the same method which you used to fund your account. A big disadvantage here is that withdrawals can take very long. They say that clients should wait between 3-10 business days. There is no need to keep traders waiting when rivals of Trade360 Forex Broker are processing withdrawal requests in less than 15 minutes.
Bonuses and promotions
Again this Trade 360 Forex Broker has a $50 bonus no-deposit promotion. They don’t charge commissions on open positions. But you have to claim the bonus in order to get it. Otherwise, your default deposit will take effect in all your trading activities.
Support is available through phone and email but not through chat. Most traders prefer chat support because it’s quicker than email and is also convenient. But if you’re okay with phone support, then this won’t be an issue for you.
Secondly, Trade360 offers ebooks on how to get started with them. They also provide general market analysis and reviews to help traders make an informed choice. Finally, they provide account support for all issues that may affect your account. Not a simple scam cases reported against them
Is Trade 360 Forex Broker A Scam ?
Is Trader 360 scam or not? Apparently, some reviews have considered the downsides of this broker and decided to label them a fraud . It is therefore common to see Trade360 scam reviews on the internet. But in the real sense, this broker is not a scam. These reviews are labeling them as fraud simply because of the few negatives here and there.
Trade 360 Review Conclusion
Generally, Our review concludes that Trade360 is not a scam or a bad broker. They’ve been working to ensure good customer experience while making sure that their users will profit rather than lose trades. So far, they’ve got enough tools and resources to make this a reality. Therefore, as per our Trade360 review there is no reason to worry trading fearing scam as long as you’ve read their terms and conditions and are willing to follow them.