First and foremost, you will be required to meet a minimum deposit amount of $250. When it comes to the trading platform itself, you’ll be offered a number of options to suit your personal investment needs. Most traders at the site will use the native https://investmentsanalysis.info/ online trading platform.
XM Broker Review: Forex & CFDs Trading Platform, All You Need to Know
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Withdrawals from a Trade360 account usually take between three and ten business days depending on the withdrawal method. The screenshot below shows the basic functionality of Trade360’s CrowdTrading platform and some of the instruments that can be traded through their web interface. The platform gives information on market movements and what the crowd is doing, in addition to execution capabilities.
Very very bad job with Trade360
Still, we would like to see more in the way of blogs, interviews, and video tutorials from the firm’s lead traders or specially invited industry experts. The broker can be reached via live chat, email, phone, and Whatsapp. Unfortunately, the offer is limited to English-speaking customer service; German-speaking employees can only be found in exceptional cases. The support team members have a high level of competence, and our Trade360 test always seemed particularly committed and concerned about the well-being of the customers. The broker is monitored and regulated by the Cypriot CySec and thus works according to the European Union’s strict MiFID criteria.
Conditions in trading: STP broker with no hidden fees
The practical processes such as stop-loss orders, take-profit orders, and trailing stops ensure that the planned trading strategy can be implemented optimally and in part automatically. In this way, operating errors are largely avoided, and there is no stress when the optimal time for opening or closing a position has to be determined manually. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- Most CySEC-regulated firms are prohibited from offering bonus incentives.
- This allows you to access the trading arena through your desktop browser, so there’s no need to download or install any software.
- However, at up to 20%, this is lower than the Trade360 new customer bonus.
- There are four different trading platforms available with the broker, as well as the mobile trading option.
- It is important to note that between 74-89% of retail investors lose money when trading CFDs.
The less than optimal trading fees are offset by the bonus program, one of the best in the broker industry. Customers can receive cashback for active trading, and there is also a bonus for deposits. All spreads can be found in a clear table on the broker’s website. The spreads for the more exotic currency pairs are significantly higher than for the majors. In addition to the beginner’s “practice trading” account mentioned previously, the broker offers money back on every trade made with the initial $100 deposit. The higher the initial deposit, the more Cashback Trade360 will pay out.
That is evidenced by the awards the business has won, earning the likes of Best Trading Broker and Most Innovative Social Trading Technology at the European Global Business Awards. And these aren’t dusty old awards with cobwebs from yesteryear – they were earned in 2020. The basic value catalog of Trade360 includes not only the currency pairs but also numerous CFDs. These can be traded on conditions that are as good as the currencies. The spreads are somewhat slightly below the industry average, but a very attractive bonus program is offered. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
It is available and accessible, but hours of operations are not listed. We also like the fact that Trade360 gives you a number of options when it comes to choosing your preferred platform. This includes the broker’s proprietary online trading platform, an iOS/Android mobile app, and even MetaTrader5 compatibility. The deposit can be made through the usual payment service providers.
Recently, this broker has also collaborated with Trading CentralTM, a tool for investment decision support, which is now available directly within the online platform by clicking on the tool logo. Overall, we’re comfortable Trade360 is a legit and genuine broker and not a scam. We were also pleased to see that aside from a few exceptions, customers haven’t experienced withdrawal problems. Withdrawal requests are processed within three business days, although the time to receive funds depends on the payment method used. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. We are insights-driven and outcomes-based to help accelerate returns on your investments.
There are more than 200 tradeable assets and CFDs at Trade360 spread across the usual product range. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. This broker is regulated by CySEC and based in Cyprus, and as such is also subject to regulation by the European Markets in Financial Instruments Directive (MiFID). If you have experience trading with Trade360 please share your personal review of the broker and what you think are strong and weak points. Trade360 guarantees a high level of site security and data protection during and after login.
This is more suited for those of you that are looking for a more advanced trading arena and thus – comes jam-packed with heaps of trading features, charting tools, and technical indicators. Fancy finding out whether or not the broker is Trade360 right for your personal trading needs? We cover the ins and outs of how the platform works, who it is suitable for, what fees you need to be made aware of, and more. Then do a fake profit for you and encourage you to add more funds .