FXTM vs Trade360 - Compare Trading Brokers

FXTM vs Trade360 | Online Brokerage Comparison

FXTM vs Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$5MT4, MT5250+FCA, CySEC, FSCA, FSC
$500MT4, ParagonEx Web Trader & Apps120+CySEC

FXTM vs Trade360 Comparison

Each of these brokers offers MT4. FXTM also provides MT5 (which is the successor to MT4). Trade360 offers ParagonEx. This platform has a crowd trading news feed, which means that it can have news about markets and market events with information about what the group of other traders (the crowd) is doing and what their sentiments are with regard to this information.

FXTM has a very low minimum deposit. This is because it offers a Cent account, which is a setting for MT4 and MT5 which allows these platform to be denominated in cents, and therefore allowing the trader to place orders with trade sizes lower than a standard micro lot. Thus the trader may potentially trade with a smaller account size.

FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa. Trade360 is regulated by the CySEC in Cyprus.

Quick comparison

Each offers MT4. FXTM also provides MT5, while Trade360 offers ParagonEx. FXTM has a lower minimum deposit, Trade360 offers crowd trading.

Minimum deposit and key account features

The minimum deposit for FXTM is $5. The minimum deposit for Trade360 is $500.

  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.
  • 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 StandardMT4 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. 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

  • FXTM can offer slightly different numbers of CFD instruments for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more CFD instruments on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.
  • Trade360 offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and ETFs, with 120+ available.

Leverage

Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for Trade360 (CySEC regulated) is .

Online trading platforms

Both brokers provide MT4. FXTM additionally offers MT5. Trade360 provides ParagonEx. All these platforms are available as mobile (and tablet) apps.

Why FXTM or Trade360 ?

Traders who wish to use MT4 can find this platform at either broker, though FXTM offers STP/ECN accounts, which the trader trading automated strategies may find of interest. Traders who want to trade with MT5 can find this platform at FXTM. Those who would like to use crowd trading information of a user friendly platform, could be interested in Trade360's ParagonEx.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • FXTM also provides MT5
  • Trade360 offers ParagonEx
  • FXTM has a very low minimum deposit
  • ParagonEx offers a crowd trading news feed

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