Trade360: A CySEC Regulated Crowd Trading CFD Broker

Trade360 Review

Crowd Trading On ParagonEx And Trading On MetaTrader 5

  • CySEC regulated ✔
  • Fixed spreads from 1.6
  • 0.05 lots minimum trade
  • VIP and Islamic accounts
  • $500 minimum deposit
  • MetaTrader 5
Crowd Trading on ParagonEx • Trade360

Trade360 Review

Trade260 is a crowd trading broker offering a user friendly online trading platform called ParagonEx. However it also provides MetaTrader 5 (MT5), the successor to MT5. Trade360 offers a range of account types with added features for higher minimum deposits.

Account types and minimum deposit

Trade360 makes available the following account types. These are Mini, Standard360, StandardMT5, Gold, Platinum, VIP and Islamic360. The minimum deposit for the Mini Account is $500, the minimum deposit for the Standard account is $1000 (the minimum deposit for the StandardMT5 account is $500), the minimum deposit for the Gold account is $5000, the minimum deposit for the Platinum and Islamic 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.

MT5

MT5 is available for all account types except the Mini account.

Online trading platforms and markets

As well as MT5, Trade360 offers the ParagonEx trading platform. Markets available on the platform are Currencies, Indices, Commodities, Stocks and ETFs, with 450+ offered.

Clicking on the small line chart on the markets box on the platform brings up a chart, with time frames from tick to monthly. There are also over 50 indicators.

On the markets box, there is a trader's sentiment indicator. Trade360 uses negative balance protection to make sure the account balance does not go below $0.

Minimum trade size

The minimum trade size for the Mini account is 0.05 lots, the minimum trade size for the Standard360 account is 0.1 lots (mini lots), the minimum trade size for the Gold account is 0.5 lots, the minimum trade size for the Platinum account is 1 lot (standard lots) and the minimum trade size for the VIP account is 1.5 lots.

Crowd Trading - using information about the crowd of traders

The core indicator is on the right of the markets boxes. This is the CrowdTrading Live Feed which essentially flags markets if there has been something happening with them, for example a growth in trading, fast movement in prices or a surge in openings and tells what is the predominant sentiment to buy or sell the market.

It can also gives information about upcoming news releases and tell the trader what the crowd (of other traders) thinks the news will be (e.g. the data will be better or worse than forecast). It is like a selection of market events, with data referenced to the actions of other traders about this.

Is this useful for traders ? In some ways the more information the better in trading, but the problem is filtering this and understanding its context. So crowd trading insights aims to do this for the trader. It differs from social trading in that it seeks to provide information about markets, sourced from the actions of other traders, rather than providing information about the trading activities of individual traders.

Does it work well ? It seems to give insights into issues which an experienced trader might look for in charts, such as sudden price moves. Since there are charts with technical indicators and a range of chart types, it is also possible for the trader to perform their own analysis of a markets.

There is also a sentiment indicator, showing the percentage of buy and sells. Clicking on the market box brings up a page with a chart and further information about the market. There are time frames from 1 minute to 1 month, Bar, Candle, Colored Bar, Hollow Candle, Line and Mountain charts and 115+ technical indicators.

Spreads and leverage

Trade360's spreads are fixed in normal market conditions but vary depending on the account type. For example, for EUR/USD the spread for Mini is 4, the spread for Standard is 3, the spread for Gold and Platinum is 2 and the spread for VIP is 1.6.

Maximum leverage is .

Funding

Trade360 accepts deposits by Debit/Credit Card, Local Bank Transfer, Skrill, Neteller, Trustly and paysafecard. Withdrawals typically take 3-10 days to complete and no withdrawal fee is charged by Trade360.

Regulation

Trade360 was founded in 2013 and is a tradename of MFP Global Markets Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission, license number 202/13. Its registered office is at 116 Gladstonos Str., Michael Kyprianou House, 3rd and 4th floor, 3032, Limassol, Cyprus.

Pluses and minuses

  • Trade 360 offers crowd trading
  • Trade360 provides ParagonEx
  • Trade360 offers MT5 but not on the Mini account
  • The minimum deposit to access MT5 and ParagonEx is $500
  • Trade360 provides fixed spreads
  • Trade360 is CySEC regulated

Why Trade360 ?

At Trade360, traders can trade on a user friendly web trader which has a crowd trading news feed. This feed lets the trader see news about markets, but also gives information such as the reactions of other traders to this news, potentially letting the trader use this information to inform their own trading. For the same minimum deposit as ParagonEx, Trade360 additionally provides MT5, the successor platform to MT4, which supports a wide range of trading styles, including using a VPS when the trader wants to run strategies even when offline.

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