The forex industry has undergone a fundamental revolution that has seen traders edge mostly towards binary option or social trading. Trade360 operates under MPF Global Market Ltd whose headquarters is in Limassol, Cypress. The firm that was established in 2013 has regulations from CySEC. Trade360 operates through ‘Wisdom of Crowd’ phenomenon where a group of professionals has designed innovative tools. These tools can study people, analyze people and extract tradable information from them. The firm has crafted a concept of studying crowd behavior to predict how the market is likely to look like. This concept which is dubbed ‘crowd trading’ use the information it gets from people to help in currency pairs and CFDs to the next level. Well, now should we call it, “Trade 360- Where Crowds’ wisdom meets the market’’.
On top of CySEC, Trade360 has also complied with other regulators across Europe.
Types of accounts, Deposits, and Withdrawals
Accounts are open to all non-US citizens and available to over 140 nationals.
To open an account with Trade360, you must submit your AML identification as required by the international laws. There’s a single account that is dubbed ‘Practice Mode’ but the firm has special accounts for Muslim traders. The minimum deposit is $100 that can be submitted via debit and credit cards, ewallet, bank wires and several local options. Trade360 does prompt withdrawals.
There are various market options including, currency pairs (40), commodities (6), stocks (58) and indices (5).
The firm has designed its own proprietary trading platform that’s backed by Crowd trading tools and is fully online. This system will automatically send signals to traders about the trading opportunity. Scalping is allowed but restricted to after a minute trading position. MT4 enthusiasts find themselves isolated but who can resist 24*7 trading basis? It’s not essential to make complicated downloads in order to trade. Besides, there’s a mobile application that enables traders to trade even away from their routine desktops. Personal details and trading session data are encrypted using the latest 128-bit SSL Technology to safeguard traders from system hacks.
Spreads and Leverage
Leverage and spread are dependent on currency pairs, commodities, stocks and indices. Leverage for currency pairs and some commodities like gold, silver, and crude oil can be as high as 400:1. Leverage of stocks and indices are mainly 20:1.
Spreads also vary and aren’t very tight. The firm obtains its revenue from spread through Crowd Trading Protocols which is the only charges from Trade360.
Beginners and customers’ aid
Be assured to obtain answers to all your questions every day. The inquiries can range from account opening issues, settings, registrations to accessing helpful information. Trade360 avails ebooks, trading ideas, market commentaries and daily analysis. The firm has denied the accusation of offering account management and investment advice, but Trade 360 has constantly told its clients that they only give clues to directions trade may take and leave decision-making to them. International laws oblige brokers not to decide for clients.
Trade360 website support numerous language options and the customer care staffs are also bilinguals.