Trade 360 is one of the leading brokers when it comes to a new phenomenon in the trading world: crowd trading. The idea may sound like a fancy one, but simply put is looking for the overall trading direction of the crowd and trading with it. Or, in plain English, trade with the trend.
It is regulated broker by the CySEC and follows the MiFID (Markets in Financial Instruments Directive) and therefore we cannot think of a trade360 scam. Conditions necessary for a broker to be regulated are so strict as we can safely assume that regulation comes with a 100% safe broker.
Trade360 Broker Review: What does the company represent?
The overall idea behind the trade360 forex broker is to bring the wisdom of the crowds to the benefit of each and every individual investor. That being said, it should be a great way to know the overall trend both from a technical and a fundamental point of view (like positioning before important economic events) and therefore a way to rightly position on the forex market.
The broker is offering trade opportunities in currency pairs, commodities, stocks, CFD’s (contracts for difference) and indices, so we can say it is offering access to the vast majority of financial products.
Start with Trade360Trade360 Broker: Trading accounts offered
Any trade360 broker review should start with a closer look at the trading accounts offered and overall what are the general trading conditions. It is not clear from the broker’s website if there is more than one type of an account available for opening, so we can safely assume that everyone will get the same general trading conditions: spreads, commissions, etc. , no matter how bit the initial deposit is.
This is not necessarily a bad thing as it allows for the broker to be more flexible in areas like customer support and trade execution, as well as liquidity offered in tough times when a market is moving aggressively.
Funding an account and making a trade360 withdrawal as well should be easy as, on top of all the major credit cards that are accepted, Skrill and Neteller are there as well.
Sign-up with Trade360Trade360 Reviews: Trading Platforms Offered
Trade360 is offering an interesting trading platform that is not like the standard MetaTrader 4 and 5, but it is adapted to the needs and ambitions of its crowd trading principle.
After one goes through the trade360 sign in process, which is supposed to be a simple one, an online trading platform opens with instruments like the ones you see on the image below.
Of course that the instrument list can be adapted to whatever the interest of a trader are, and the most important tool in the overall trading platform is the column on the right side, the so-called sentiment line.
The idea behind it is to look for the overall direction traders are positioning and trade in the same one if you are a follower, or the opposite if you are a contrarian. The principle is a wonderful one for understanding crowd positioning and looking at markets from a different point of view.
A trade360 app is available for download as well, so accessing the trading platform from a mobile device can be accomplished.
Trade360: Deposits and Withdrawals
While depositing is fairly easy, instantly in the case of using a credit card or up to three days in the case a bank wire is used, withdrawals are easy to be made as well. A trade360 withdrawal will be made on the same account the initial payment came from and will be assisted by customer support representatives in case something goes wrong.
Trade360: Customer Support
While there is no online chat available, there is a whole button in the main menu dedicated to customer support. This comes to underline the importance of customer support for trade360. So yes, it seems that the “is trade360 legit” question is answered here.
Trade360: Opening an Account
By clicking the Join Us button, a pop-up window with trade360 log in and trade360 sign in buttons appears. If you are a new customer, signing up can be done with your Facebook or Google+ credentials.
Trade360 Review Conclusion
It seems that trade360 crowd trading concept is a successful one and the reviews claiming trade360 scam are not well founded. Easy access to the market as well as the unprecedented sentiment column accessed with a simple trade360 login makes this a good partner to have when trading financial markets. Also, the fact that one can trade from the same account a huge variety of instruments should come as a plus.
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