Table of Content
Trade360 Review – All You Need to Know About This Firm
Table of Content
Trade360 broker was a trusted provider of online trading services across the globe. Besides they were regulated by CySEC since 2013. Their operations were guided by the strictest standards set by the regulatory body. However, clients still couldn’t rely on Trade360 for trustworthy and dependable management of their investments.
Despite its reputation, in January 2023, the company unexpectedly closed all operations and voluntarily renounced its license. This fact is not surprising. If you check all the facts in this Trade360 review you will find out why that happened.
|Leverage||1:30 / 1:500|
|Review Rating||1.4 on Trustpilot|
|Broker Type||Non-licensed scam broker|
|Spread||From 0.0 pips|
Is Trade360 a Legit Brokerage? Safety and Regulation
Crowd Tech LTD complied with the regulatory framework established by CySEC. As per Trade360 reviews, investors within the European Economic Area have encountered losses due to leverage developments since 2018. However, when checking the databases of Tier 1 regulators like FCA, BaFin, or ASIC, no information was found on the Trade360 broker.
This is unfortunate as companies with these regulations are typically favorable. In the trading world, transparency and security are of utmost importance. Moreover, traders seek brokers who provide clear information on trading conditions and withdrawal policies.
Regulations play a crucial role in ensuring these aspects. Especially, as they provide a reliable source for traders to turn to in case of any issues or concerns.
Trading Software Overview
Trade360 provides the traditional MetaTrader5 trading platform. But its proprietary platform CrowdTrader is the core of its trading services and is preferred by many users. Especially the mobile and web versions. The CrowdTrader platform offers real-time access to data based on customer positions and Trade360’s sentiment analysis.
In addition, the web trader has an advanced crowd trading algorithm called “Crowdfeed” located in the top right corner. Those can identify trends, pullbacks, volatility, waves of opportunities, and price fluctuations.
Trade360 also offers convenient apps. Those are compatible with iPhone, Android, and iPad, providing users with easy access to their trading accounts. That allows them to manage their trading activities from anywhere. Unlike MetaTrader5, Crowdtrader relies on third-party plugins to provide similar features. However, the CrowdTrader platform provides real-time access to data. Which can be useful in supporting traders’ decision-making processes.
Overall, both platforms are reliable. Ultimately comes down to personal preference when choosing between them.
Trade360 Account Types Available
The broker provides only three types of accounts:
- Classic with a deposit requirement of $450,
- Premium with a deposit requirement of $10,000,
- and Zero Spread with a deposit requirement of $50,000.
With each higher account, the broker offers better trading conditions in terms of spreads. Islamic accounts are available for both Classic and Premium accounts. Trade 360 broker provides a demo account for traders who wish to test the platform’s features. A demo account is a good option. But it is important to note that trading with virtual funds may not accurately reflect the psychology of trading with real funds. So traders should exercise caution.
The main difference between professional and retail accounts is the leverage. Due to ESMA regulations, the broker cannot offer leverage greater than 1:30 to retail and EU traders. However, traders can upgrade to a professional account if they meet certain criteria, but retail traders should be aware that it may be risky.
Trading Instruments at Trade360
Trade360 broker offers a wide range of assets across various asset classes. That includes:
- Forex pairs – USD/GBP and USD/SEK,
- Commodities – gold, platinum, crude oil
- Indices – FTSE100, DowJones, S&P 500
- Shares – Nvidia, Intel, McDonald’s
- Cryptocurrencies – BTC, BNB, ETH
However, it’s important to note that the maximum leverage offered is 1:30. Which complies with regulatory requirements and can be seen as a positive aspect when trading CFDs.
Even though spreads start at 0.0 pips, be sure it’s not for free. Most traders are charging those raw spreads through commission fees. That’s why Tier 1 regulated brokers are favorable. They provide transparent trading conditions without any shady factors.
Deposit and Withdrawal Process
Trade360 broker offers a variety of deposit and withdrawal methods. Such as cards, wire transfers, Neteller, Skrill, and other e-payment methods. The company’s policy states that withdrawals are processed within seven days and there are no fees charged by the broker.
However, a third-party service provider may charge a fee. Despite having transparent policies some customers in Trade360 reviews have expressed dissatisfaction with the withdrawal procedures.
Retail traders can enjoy leveraging up to 1:30 in compliance with ESMA rules. However, professional traders have an exclusive opportunity to obtain leverage up to 1:500. The broker offers average spreads, and some accounts may start from 0 pips.
While Trade360 does not charge fees for withdrawals, they do impose an inactivity fee.
Got Scammed by Trade360? Get Your Money Back!
If you have encountered any difficulties with the Trade360 trading company, don’t hesitate to share your experience with us. It is not uncommon for clients to be uncertain about what to do in these situations, which is why we have an expert team on hand to assist. If you need advice on any trading-related topic, please feel free to reach out to us.
Don’t let this broker get out with your money. Our fund recovery team is available anytime. Most of the time a chargeback is the easiest solution. If you have made a transaction with a crypto-wallet it will be more complicated. But not impossible.
Contact us now to get a free consultation!
- A company that backed out of business.
- Renounced license.
- High leverage.
- 70% of the reviews rated 1-star.
FAQs About Trade360 Broker
Is My Money Safe With Trade360?
No. Firstly, they left the business. Secondly, they renounced their license. Therefore, all T&Cs are not applicable anymore.
How Long Do Trade360 Withdrawals Take?
According to some Trade360 reviews they took forever. In the end, the broker didn’t approve any withdrawal requests.
What Trading Asset does Trade360 Offer?
They were providing forex, commodities, indices, shares and cryptocurrency assets.