Trade360

Trade360 Review

Trade360 was established in 2013 as the world’s first ever platform for CrowdTrading. It is based on the principle of ‘wisdom of crowds’. The Live Feed of the company allows traders to monitor the major market-moving events and the movement of large groups of traders before they open their own positions on a broad range of assets, which includes currency pairs, commodities, indices, stocks, and ETFs.

Trade360 is an online forex and CFDs trading platform that was established in 2013. It is under the brand name of Cyprus Investment Firm (CIF) – MFP Global Markets Ltd. Trade360 trading platform has been recognised as being an innovative broker because it has brought a new dimension to the world of online trading. Trade360’s trading platform uses a concept called the “Wisdom of the Crowd.” This concept is different to traditional online trading where the success is weighed heavily on the individual ability to choose the winning trades.

Social Trading at Trade360

In the world of online trading, Trade360 has revolutionised the markets with its establishment of a unique, innovative method called Crowd trading.

There are several of tools comprised within the CrowdTrading Algorithm. These tools identify patterns in traders’ activity and display sharp changes on particular assets. All this then helps traders to make profitable and informed trading decisions.

Though there are some similarities with Signals trading, CrowdTrading is actually something different. You don’t copy the trades of a specific signals provider, but you instead follow a whole market trend, which is formed by a group (crowd) of traders at a particular time.

The belief of Crowd trading is that collective knowledge of a large group of individuals is often more accurate than the knowledge of a single expert.

You can link Facebook and Google+ accounts into the trading account. This allows for an extra and external social dimension to your trading experience.

Tradeable Assets

Currencies, stocks, and indices

Account Types

Trade360 only offers traders a standard type of trading account. It is relatively affordable for anyone to open an account with a required deposit minimum of {currency}100. You can fund your trading account through a range of methods like credit/debit cards, eWallet or wire transfer. The processing time for withdrawals takes between 3 to 10 business days. Trade360 provides Cashback Rewards program, through which Trade360 offers cash back to its traders on any trade that the trader makes, be it sell or buy. Trade360 does not accept U.S citizens as clients.

Type of Broker

No Dealing Desk

Platforms

Unlike the majority of brokers in the trading industry, Trade360 makes use of a proprietary trading platform that utilises the social phenomenon called the collective wisdom. The service is called “CrowdTrading” by Trade360. It uses the insights gained from observing the trading behaviour of the trading crowd. It is a new way of trading that is based on scientific research that is seen when a group is faced with the same options, on average they tend to make the same choice.

The platform monitors trading positions and price movements across the different spectrum of traders within the trading community, and it presents the data in a format that is easy to understand. The traders on Trade360 can observe the behaviour of the trading crowd before deciding to make their own decision how to trade.

Bonus

Trade360 provides two types of bonuses – a deposit bonus and a no deposit bonus. For information on current promotions please see Trade360 Terms & Conditions.

Deposit Bonus

Cashback

With Trade360, traders are rewarded for each trade that they make. Trade and get paid. Look for the Cashback icon in the asset box to see the Cashback amount that you will get. The bigger the trade, the greater your reward.

No Deposit Bonus

Cashback rewards get rewarded for each trade that you make. The unique system provides personalised atomised trading targets and grants Cashback on each and every opened deal. The amount of cashback goes according to the account size and type.

Deposit Options

Credit card, iDeal, Giropay, Skrill, Neteller, Sofort. Wire transfer

Withdrawal Methods

Credit card, iDeal, Giropay, Skrill, Neteller, Sofort. Wire transfer

Customer Support

Trade360 provides round the clock customer support in multiple languages. The support is available by live chat, telephone, and email. The support staff is professional and experience, and they generally answer all emails within 24 hours.

Languages

Customer support is available in English, Arabic, Russian and French

Ease of Use

Trade 360 provides its clients with trading signals, which are system generated. Traders can use these trading signals to determine the developing trends in the market. Traders who are familiar with methods of crowd trading can use these signals and incorporate them into their trading plans. As well as their expertise in crowd trading, Trade360’s website also has a broad array of educational materials, which includes training e-books for those new to crowd trading.

Why Trade at Trade360

For beginner traders, Trade360’s “crowd trading” methodology is a welcoming change for them. By relying on the collective wisdom of the trading crowd, beginner traders can have more confidence that their trading decisions are going in the correct direction.

To see how Trade360 ranks against other industry-leading trading platforms see our comparison charts. Read user reviews, see ratings and compare the best online trading platforms, features, fees, and more.