Abstract:Trade360 claims to be the trading name of Crowd Tech Ltd, a Cyprus-registered online trader and financial services company founded in 2013 that provides forex, spreads, stocks, and other trading services to retail and professional traders. Direct license, regulatory number: 202/13.
General Information & Regulation
Trade360 is the trading name of Crowd Tech Ltd, a Cyprus-registered online trader and financial services company founded in 2013 that provides forex, spreads, stocks, and other trading services to retail and professional traders. Crowd Tech Ltd is authorized and regulated by the Cyprus Securities and Exchange commission, with regulatory license number 202/13.
Markets Instruments
Tradable financial assets tradeable on the Trade360 platform include Forex currency pairs, commodities, indices, ETFs, and stocks. While the most common product, precious metals, is not available on the Trade360 platform.
Trade360 Minimum Deposit
Trade360 offers six different trading accounts: Mini (minimum initial deposit of $/£/€250), Standard (minimum initial deposit of $/£/€1,000), Gold (minimum initial deposit of $/£/€5,000), Platinum (minimum initial deposit of $/£/€10,000), Diamond (minimum initial deposit of $/£/€50,000), and VIP accounts (minimum initial deposit of $/£/€100,000). In general, the minimum account opening amount set by Trade360 is slightly higher compared to the industry as a whole.
Trade360 Leverage
Trade360 offers maximum leverage of 1:30 for retail clients and 1:400 for professional traders, 1:30 for forex, 1:20 for Gold and indices, and 1:5 for stocks and exchange-traded funds.
Spreads & Commissions
Compared to most brokers, Trade360 offers higher spreads, such as 3 pips for EURUSD and 5 pips for GBPUSD, much higher than the industry standard. In addition, Trade360 also charges a $100 account maintenance fee every 45 days and a commission for open positions overnight, the overall fees too high.
Trading Platforms
Trade360 says it offers three trading platforms for investors, namely the online trading platform, MT5, and mobile trading platform.
Deposit & Withdrawal
Trade360 supports traders to access their accounts via credit/debit cards, e-wallets, and online/local bank transfers.
Customer Support
The Trader360 customer support can be reached through telephone, email, live chat, as well as some social media platform, like Facebook, Twitter, Linkedin, Instagram, and so on. Additionally, there is also a “Help Center” for traders to find most common answers.