The trading industry is developing at an exponential rate. Binary options and social trading have been the two most known recent additions to trading possibilities. But there are brokers that try to implement one more trading feature – CrowdTrading. Find everything out in our honest Trade360 Review!
Leverage: 1:200 Licences: CySEC
Min. Deposit: 25 USD Bonus: N/A
Spreads: from 1.8 pips US Clients: No
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Trade360 Broker at a Glance
Being developed in 2013, Trade360 broker is owned by the company Trade360 Ltd that is located in Limassol, Cyprus. It has also got an office in the UK, which gains additional trust to this broker. As all brokers located in Cyprus it holds the CySEC license, with unique number 202/13.
As has been mentioned before by the Trade360 review, this FX broker tries to widen your trading possibilities using the CrowdTrading tool. So if you are not a fan of charting and technical analysis, you can try CrowdTrading by Trade360!
Trade360 CrowdTrading Review
Being one of the unique features at Trade360, this type of trading allows traders to base their trading decisions not only on technical analysis and news but on a few additional factors.
CrowdTrading shows how real traders decided to trade specified instrument. It displays percentage of all traders decided to buy and how many to sell. Also, it shows the division of traders in your country as well as best performing traders registered with Trade360.
Additionally, this feature allows you to see forecasts on market reactions for future events. Moreover, if the event has already passed, CrowdTrading shows you if the prediction was correct or not, so you will know whether you should rely on traders or trade on your own. This feature will be useful for both type of traders, those trading with a trend and those who trade on the turnaround points.
Trade360 Trading Accounts
Being focused on CrowdTrading, this broker does not have a wide choice of accounts to offer to you. In fact, during Trade360 review we spot only real account and demo account. The best part of your Trade360 Real Account is that you will be able to register for it using your Facebook or Google+ account. This means no pain with verification emails and additional passwords, just one-click login and you are ready for real Forex trading. Another awesome feature of real account is that minimum deposit is just 25 USD. So you do not need to get a lot of money for your deposit in order to start CrowdTrading with this Forex broker.
The best feature of demo account is that it also allows you to test CrowdTrading possibilities. So, if you are not sure that CrowdTrading will work for you, you can go to demo account and try it there.
Trade360 Reviews of Trading Platforms
Implementation of the new features in the Forex trading often requires add-ons to platforms or development of the custom trading platforms. Trade360 review found out that this broker is offering their own trading platform to traders. The platform is available right in your browser, so there is no reason to download anything to your computer.
Overall, platform feels comfortable and does not require any adjustment. It allows you to see multiple instruments at once in the form of small icons or open full view on the specific instrument. Furthermore, it offers bunch of indicators, that allow you to make technical analysis. The best part of the Trade360 trading platform is that the CrowdTrading field is shown on every screen, so you will always be up-to-date with traders’ forecasts about movements.
Additionally, Trade360 made sure that the crowd trading will also be available on your mobile devices. So, if you want to trade basing on predictions of traders on your mobile device, just download Trade360’s app from Google Play or App Store and you can start!
Trade360 Review of Deposits and Withdrawals
Making deposits with Trade360 is rather easy, especially since there are a lot of funding methods available. In addition to standard for the Forex industry wire transfers and credit card payments, you will be allowed to use eWallet payments via such systems as Skrill, Neteller, Sofort and others.
The withdrawal of your profits at Trade360 can be made via same method as a deposit. So if you have made a deposit via Skrill, your withdrawal will have to be made via this payment system as well. Be aware that all withdrawals that have total amount higher than your deposit will be made via bank transfer only. Such withdrawals usually take from 7 to 10 days.
Trade360 Forex Client Support
It is important for good Forex broker to be always available for contact from its clients. Good customer support can make big difference in the time when something is not working properly.
When you sign-up with Trade360 Forex broker, you will be given an opportunity to contact them via various methods. Firstly, this broker has got live chat that is online 7 days in a week, 24 hours per day.
Additionally, Trade360 review found out that you can reach this broker via e-mail. Support speaks English, Dutch and German.
Trade360 Forex Review Conclusion
It has already been told that the main unique feature of this broker is its CrowdTrading system. It allows traders with low trading experience find support of their trading decisions in the predictions of the professionals. Additionally, this system is perfectly implemented into broker’s trading platform. Another awesome feature of this broker is low deposit amount that is required for start of your trading. For all of its positive sides and innovations, Trade360 review gives this FX broker 3.5 out of 5 stars!