Trade360 vs. UFX - Compare both Brokers

Trade360 vs. UFX - Compare the Brokers

Trade360 versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$500MT5, ParagonEx450+CySEC
$100MT5, ParagonEx450+CySEC

Trade360 and UFX Comparison

These brokers are part of the same group and have similar features, providing ParagonEx with a crowd trading news feed, MT5 and a range of account types. However they differ in terms of features such as minimum deposit, lowest fixed spread and lowest minimum trade size. For example, the minimum deposit to use ParagonEx is $100 at UFX but $500 at Trade360. However the minimum deposit to use MT5 is $500 at Trade360 and $5000 at UFX. Both brokers are regulated by the CySEC in Cyprus.

Minimum deposit and account types

The minimum deposit for Trade360 is $500 and the minimum deposit for UFX is $100.

  • Trade360 provides six account types with different minimum deposits, Mini, Standard360, Gold, Platinum, VIP and Islamic360. The minimum deposit for the Mini Account is $500, the minimum deposit for the Standard360 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 Islamic360 accounts is $10,000 and the minimum deposit for the VIP account is $50,000. The minimum trade size ranges from 0.05 lots for the Mini account to 5 lots for the VIP account.
  • 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.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5.

Thus Trade360 offers one account type with a higher minimum deposit than UFX, the VIP account with a minimum deposit of $50,000 while UFX offers one account account type with a lower minimum deposit and trade size, the Micro/Mini account which has a minimum deposit of $100. Both brokers make available an Islamic account with a minimum deposit of $10,000.

Markets

Both brokers offer Currencies, Indices, Commodities, Stocks and ETFs CFDs.

Spreads and leverage

Trade360 can offer Forex spreads from 1.6 (fixed) while UFX can provide Forex spreads from 2 (fixed).

Maximum leverage for Trade360 is . Maximum leverage for UFX is .

Online trading platforms

Both brokers offer the ParagonEx platform. Trade360 offers trading down to 0.05 lots, UFX offers trading trading down to 0.0025 lots. Both brokers offers MT5, but UFX requires a minimum deposit of $5,000 for this platform and Trade360 requires a minimum deposit of $500 for this platform.

These brokers provide a news feed which aims to capture market event and the actions and reactions of traders to them. Trade360's version of this is called the Live CrowdTrading Feed. UFX's version is called MassInsights.

Why Trade360 or UFX ?

Both brokers offer MT5 and ParagonEx. UFX has a lower minimum deposit to use ParagonEx while Trade360 has a lower minimum deposit to use MT5. ParagonEx is a user friendly trading platform which has a crowd trading news feed, containing information about markets and the reactions of the crowd of other traders to this news. MT5 is a platform which supports both non-automated and automated trading and has an extensive online network. UFX offers smaller trade sizes than UFX, as its Micro/Mini account, with the lowest minimum deposit, has a minimum trade size of 0.0025 lots (one quarter of a standard micro lot).

Summary

  • Both brokers use ParagonEx
  • Both brokers offer fixed spreads
  • Both brokers provide Forex pairs, Indices, Commodities, Stocks and ETFs
  • Trade360 has a higher minimum deposit ($500 vs $100) to use ParagonEx
  • Both brokers offer a crowd trading news feed on ParagonEx
  • Trade360 has a lower minimum deposit for MT5 ($500 vs $5000)
  • On its Micro/Mini account, UFX offers small trade sizes, less than standard micro lots

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