24Option vs Trade360 - Online Brokerage Comparison

24Option vs Trade360 | CFD Broker Comparison

24Option vs Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$250Web Trader & Apps, MT4250+CySEC, IFSC
$500ParagonEx Web Trader & Apps, MT5450+CySEC

24Option vs Trade360 Comparison

Both of these brokers offer user friendly web traders. On its web trader, ParagonEx, Trade360 provides a crowd trading news feed. This is a feed of news about markets and market events. Items of news can contain information about what other traders (the 'crowd') are doing with regard to this news and their sentiments about it. Thus this can help inform the trader about the behavior of the crowd of other traders.

24Option additionally offers offers MetaTrader 4 (MT4), while Trade360 additionally provides MetaTrader 5 (MT5), the successor to MT4. Traders may wish to automate their trading using Expert Advisors (EAs) and MetaTrader offers this capacity, as well as having charting tools and a larger a support network.

24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. Trade360 is regulated by the CySEC in Cyprus.

Quick comparison

Both brokers offer user friendly web traders and apps. 24Option also provides MT4 while Trade360 also offers MT5. Trade360 has a crowd trading news feed.

Minimum deposit and key account features

The minimum deposit for 24Option is $250. The minimum deposit for Trade360 is $500.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • Trade360 offers five account types and an Islamic account. 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. The minimum trade size ranges from 0.05 lots (Mini) to 1.5 lots (VIP). The Standard360 account has a minimum trade size of 0.1 lots (mini lots).
  • 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

  • 24Option offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, with 250+ available.
  • Trade360 offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and ETFs, with 450+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Ethereum Classic, Bitcoin Gold, Stellar and Monero.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for Trade360 (CySEC regulated) is .

Online trading platforms

24Option offers a web trader (and apps) and MT4. Trade360 provides ParagonEx and MT5. Both offer mobile apps.

Why 24Option or Trade360 ?

Traders who wish to use MT4 can find this platform at 24Option. Traders who want to use MT5 can do so at Trade360. Traders who wish to use a user friendly platform to make their own trading decisions can also find this at either broker (though each has different platforms). The trader may wish to complement their charting and fundamental analysis with other views and both brokers offer this capacity in different ways. Trade360 provides crowd trading information on its ParagonEx platform, while both 24Option and Trade360 have Trading Central, which offers information including signals and analysis.

Comparison summary

  • Both provide CFD trading
  • Each has web traders and apps
  • Trade360 offers a crowd trading news feed
  • 24Option also provides MT4
  • Trade360 also offers MT5

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