Trade360 vs. UFX - Compare both Brokers

Trade360 vs. UFX - Compare the Brokers

Trade360 versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$500MT4, ParagonEx120+CySEC
$100MT4, ParagonEx450+CySEC

Trade360 and UFX Comparison

Both Trade360 and UFX have similar platforms, in that both brokers use the ParagonEx Web Trader, offer a crowd trading news feed and are part of the same group. Apart from the platform, there are differences covering such features as minimum deposit, the availability of MT4 on their respective trading accounts and smallest trade size.

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 StandardMT4 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. The Gold, Platinum and VIP accounts offer additionally personal push and SMS Notifications, exclusive market updates and SMS trading signals.
  • 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 have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.

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's spreads are fixed. EUR/USD spreads are 1.8, DAX30 spreads are 3.8, Gold spreads are 0.45 and Oil spreads are 0.05.
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

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

Online trading platforms

On their ParagonEx web traders, both brokers offer over 50 technical indicators. Both brokers provide candlestick, OHLC, line, hollow candles, Heikin-Ashi, Bar Forest, area, HLC, coloured bar HLC, dot chart and line dot charts and time frames from tick to 1 month.

Trade360 offers trading down to 0.05 lots, UFX offers trading trading down to 0.0025 lots. Both brokers offers MT4, 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.

The platforms are visually similar, with markets boxes and the crowd trading news feed on the side. Trade360 and UFX say that account balances cannot go negative.

Why Ttrade360 or UFX ?

Both brokers offer MT4 and ParagonEx. UFX has a lower minimum deposit to use ParagonEx while Trade360 has a lower minimum deposit to use MT4. 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. MT4 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 MT4 ($500 vs $5000)
  • On its Micro/Mini account, UFX offers small trade sizes, less than standard micro lots

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