eToro vs Trade360 Comparison

eToro vs Trade360 Comparison

eToro vs Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader, Apps1000+FCA, CySEC, ASIC
$500ParagonEx, MT5, Apps450+CySEC

eToro and Trade360 Comparison

eToro is a Social Trading Network. It provides CFD trading, Copy Trading, Social Trading and products based on the network. Trade360 is a CFD broker which supports Crowd Trading, though the ParagonEx platform. Crowd trading is aimed at adding to news and other data, by capturing the reactions of the other traders (the 'crowd') to this news.

Crowd trading it is not auto trading, it is more about bringing more information to the trader, based on the activity of the crowd of other traders. Social trading (offered at eToro) on the other hand can provide information about and from individual traders. Copy trading (auto trading) lets the trader copy the trades of selected traders on the network and is available at eToro.

Both brokers are regulated by the CySEC in Cyprus. Trade360 is also regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

eToro supports a range of trading styles, including social and copy trading. Trade360 provides support for copy trading on ParagonEx and also offers MT5.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for Trade360 is $500.

  • eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
  • Trade360 offers six account types. The minimum deposit for the Mini Account is $500, the minimum deposit for the Standard360 account is $1000 (the minimum deposit for StandardMT5 is $500), the minimum deposit for the Gold account is $5000, the minimum deposit for the Platinum and Islamic360 accounts is $10,000 and the minimum deposit for the VIP account is $50,000.
  • All Trade360 account types offer the Live CrowdTrading Feed, trading signals, 24/5 live chat and Whatsapp Support. MT5 is available for all account types except the Mini account. The Gold, Platinum, Islamic and VIP accounts offer additionally personal push and SMS notifications and exclusive market updates. Trade360 offers Trading Central.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Stocks, ETFs, Soft Commodities, Cryptocurrencies and Bonds, with 1000+ available.
  • Trade360 offers Forex, Indices, Energy, Metals, Stocks, ETFs and Soft Commodities, with 450+ available.

Cryptocurrency

  • eToro provides Bitcoin, Litecoin, Ethereum, Ethereum Classic, Ripple, Dash, Bitcoin Cash, NEO, IOTA, EOS, Zcash, Stellar, Cardano, TRON, Tezos and Binance Coin.

Spreads and leverage

eToro's typical Forex spreads are from 3, while Trade360's Forex spreads are from 1.6.

Maximum leverage for eToro is . Maximum leverage for Trade360 is .

Online trading platforms

Both brokers offer web traders and apps on tablet and mobile. Trade360 also provides MT5.

Why eToro or Trade360 ?

Those who want to trade on a user friendly online trading platform may do so at either broker. On its platform, eToro offers social and copy trading while on its platform (ParagonEx) Trade360 provides a crowd trading news feed. Crowd trading differs from social trading in that it shows the aggregate behavior of the crowd of traders, while social trading is about showing the views of individual traders. Both types of information may be used to assist the trader when making trades. Copy trading is a type of trading automation, where the trades of selected traders are copied into the trader's account.

Comparison summary

  • Both brokers provide CFD trading
  • At FCA and CySEC regulated eToro, real Stocks and Cryptos to buy are available
  • Each broker offers a user friendly trading platform
  • eToro has social and copy trading on its platform
  • Trade360 provides crowd trading on its platform
  • Trade360 also offers MT5

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