Trade360 History and Background
Over the years, the forex industry has only rapidly advanced and made progress, especially when it comes to social trading and binary options. However, Trade360 has just entered the game with a whole different bunch of abilities that make it stand out. Based on the term everybody calls the “Wisdom of the Crowd” phenomenon, the innovative management team of capable individuals has come up with a bunch of advanced analytical tools with the help of which tradable information can be achieved. Trade360 calls their unique serve “CrowdTrading” and it simply offers outstanding CFD and currency pairs trading features. If you have ever wondered what it’s like to gain insights from crowd behaviour even before the crowd realises it, Trade360 is going to help you realise this dream in real life. Which is why they say this about Trade360: “Where Wisdom of the Crowd Meets Trading”.
Trade360 is regulated as well as authorised by CySec and possesses a license number of 202/13. It is a trade name of MPF Global Markets Ltd. Trade 360 was founded in 2013 and its headquarters are located in Limassol, Cyprus. You will be able to find Trade360’s offices in the UK, and will be pleased to know that Trade360 is further regulated by heavy regulatory bodies all across the British Isles as well as Europe.
Trade360 took major suggestions and ideas from the recent studies that took place which helped understand crowd behaviour. These studies unveiled that trends at work can be revealed even before they are reflected in the marketplace. Exclusive are the tools that have been developed, yet, while determining rates of change in sentiment against the other indicia when considered entirely together give out a prediction of future outcomes which are much better than average. Trade360 does not give you management advice, however, they give you indicators which you can use to make your own decisions.
CySec has several strict guidelines which, despite being a new financial services firm in Cyprus, Trade360 has no issues complying with. The enhanced regulation adds a lot of benefits, including better execution standards and client deposit protection. Apart from these compliances, Trade360 offers you a wide range of assets to choose from, which is about 120. It consists of indices, forex, stocks and commodities. All you have to do is choose and invest. Expiration periods could be as much as 60 to 90 days and margin calls can also take place. Margin calls may take place if you don’t remain careful. As soon as you establish a position, your account may return a spread deduction based on the chosen asset and employed leverage. You may drop out of a position whenever you wish to before the expiry date is reached. You can always keep an eye on the clearly displayed open positions and CrowdTrading data and take quick decisions. Trade360 does not accept customers from the USA for now.
Features of Trade360
Why should you go for Trade360.com? Following are the reasons:
- Founded by industry professionals in the year 2013.
- The presence of UK with official headquarters in Limassol, Cyprus.
- Minimum deposit of just $25.
- All the deposits clients make are isolated from the operating capital. The national investor protection programs protect the deposits.
- Mainly regulated by CySec, with FCA and MiFID standards applicable. Regulatory compliance all across Europe as well.
- Users can have a single account with “Practice Mode”, with Islamic accounts available as well.
- Fully internet based trading platforms. You are not required to download.
- Availability of a mobile application.
- About 40 forex pairs, 6 commodities, 58 stocks and 15 indices signify one of the widest range of assets.
- Spreads and leverage depend on the choice of the assets, and can be as high as 200:1 for currency pairs, crude, silver, gold and oil (There are chances of a margin call which leads to the closing of an open position).
- Thanks to the advanced CrowdTrading tools which inform you about the latest trading opportunities.
- Trading ideas, general marketing analysis, ebooks and a platform training guide, along with a professional support team are some of the features every customer is eligible to receive.
- You are allowed to scalp but only after a minute’s threshold on every position.
- Multi-language customer support and website.
Spreads and Leverage
Spreads and leverage depend on what asset you choose. For instance, crude, silver, gold and currency pair have a leverage of about 200:1 maximum, while there can be indices and stocks with a maximum of 20:1 leverage. Spreads also vary and might not seem the tightest but the extra overhead required to run and create the CrowdTrading regulations has to come from the revenue generated by spreads, which is the only cost the firm charges for the services it provides.
Trade360 Trading Platform
To be able to strengthen their excellent “CrowdTrading” tools, Trade360 decided to come up with their own exclusive trading platform which is entirely internet based. You can easily notice the system alerts for the latest trends as the crowd’s preferences continues to fluctuate. In case you have been using MetaTrader 4, you may find this platform a tad bit difficult, but in case you wish to trade 24/7 from anywhere, the mobile application of Trade360 is ideal. All you need to make sure is that you are connected to the internet. You can also expect proper peace of mind since all the critical information is encrypted using the latest 128-bit SSL technology, which makes it secure.
Trade360 – Crowd Trading or Social Trading?
Deposits and Withdrawals
You will find a number of banking options which include all major debit and credit cards, bank wire transfer, e-wallets, as well as other local options. You just need to make a small deposit of $25 to begin with. You will also need to send in your AML identity information (the site talks about three different kinds of information which are required by international law). Once the verification is done, withdrawals can quickly be processed without delays.
If there are any issues you face as a customer, the customer support will always be there at your disposal. It may be difficult at times to understand the service and product offering by Trade360, so never hesitate to contact support in case of questions. Trade360 normally does provide its clients with ebooks, market analysis and commentary as well as automatically generated trading ideas. The law requires Trade360 to inform you that they do not give account management services or investment advice, but it is sure to provide you with timely analytical indicators regarding the movement of trends which you can use to make your own decisions.
To Trade or Not to Trade with Trade360
Trade360 has an efficient management team which works on one goal as mentioned on the website: “By enabling our Traders to examine the movements and behaviour of the collective in real time, we empower them to better recognise market trends.” Their one of a kind value proposition is also accompanied by a wide range of assets, an excellent all-inclusive trading platform and amazing regulatory compliance by the most powerful regulators. If you wish to make your profits through an organisation that provides the most updated analytical insights and innovative thinking, Trade360 should be the only name in your mind.