FOREX.com vs Trade360 - Online Brokerage Comparison

FOREX.com vs Trade360 Comparison

FOREX.com vs Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50Advanced Platform, MT4, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$500ParagonEx, MT4120+CySEC

FOREX.com and Trade360 Comparison

Both of these brokers offer MT4, allowing the trader to automate trading strategies with Expert Advisors (EAs). Trade360 like FOREX.com provides a platform for discretionary trading. FOREX.com's Advanced Platform allows the trader to use or program signals to appear on the chart (to some extent at least automating charting analysis).

Trade360 on the other hand has a news feed with crowd trading information. The idea is to let the trader use information about the aggregated behavior of other traders, to inform their own trading. So both brokers aim to support automated and discretionary trading.

They each are CFD brokers. FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan. Trade360 is regulated by the CySEC in Cyprus.

Quick comparison

Both offer trading on MT4 and web traders. Trade360's web trader provides crowd trading.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for Trade360 is $500 (the minimum deposit to use MT4 is $500).

  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.
  • Trade360 offers five account types and an Islamic account, with CFD trading. The minimum deposit for the Mini Account is $250, the minimum deposit for the Standard360 account is $1000 (for a StandardMT4 account it 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 account) to 5 lots (VIP account).
  • All Trade360 account types offer the Live CrowdTrading Feed, trading signals, 24/5 Live Chat and Whatsapp Support. MT4 is available for all account types except the Mini account. The Gold, Platinum and VIP accounts offer additionally personal push and SMS Notifications, exclusive market updates and SMS trading signals.

Markets

  • On MT4, FOREX.com offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies, with 300+ available.
  • Trade360 offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and ETFs, with 120+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • Trade360's spreads are fixed, from 1.8 for EUR/USD, 0.45 for Gold and 0.05 for US Crude Oil.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for Trade360 is .

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. Trade360 offers ParagonEx and MT4.

Comparison summary

  • Both are CFD brokers
  • Both offer MT4 (Trade360 has a higher minimum deposit for this)
  • Trade360 has crowd trading with ParagonEx
  • FOREX.com offers the Advanced Platform (with programmable chart signals)
  • Both are regulated

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