Trade360 vs USGFX - Compare Trading Brokers

Trade360 vs USGFX | Online Brokerage Comparison

Trade360 vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$500MT4, ParagonEx Web Trader & Apps120+CySEC
$100MT4, MT560+ASIC

Trade360 vs USGFX Comparison

Trade360 offers the ParagonEx trading platform along with MetaTrader 4 (MT4). USGFX also provides MT4 but in addition offers the successor to MT4, MetaTrader 5 (MT5). USGFX is an STP/ECN broker, and as such can be seen as suited to traders who trade with automated trading strategies, however it does not charge Forex commissions. The bulk of its offering is Forex, and it can be seen as a broker which provides platforms and supports ways of trading used by Forex traders. Which is to say that though MT4 and MT5 are known as platforms which allow automated trading strategies (Expert Advisors) they can also be used by traders who execute their own trades and both platforms as well as having a range of charting tools have a wider support network. So traders can potentially scale their trading with these platform, and try different approaches as they wish. USGFX also supplies other tools to assist the traders who make their own trading decisions.

Trade360 offers Trading Central but perhaps even more central to its offering, is its ParagonEx platform. This platform has a crowd trading news feed. This is a feed alongside the interface which shows news about markets and market events. This news can be referenced to the reactions of the crowd of other traders to this news and their sentiments about it. So the actions of the crowd can be a way for the trader to inform their own trading decisions. The platform is also what can be classed as user friendly one, with a clear easy to grasp layout and functionality (i.e. it caters to the needs of the human trader). Both brokers have a set of account types, offering different features for higher minimum deposits. Trade360 is regulated by the CySEC in Cyprus. USGFX is regulated by the ASIC in Australia.

Quick comparison

Both brokers offer MT4, while USGFX also provides MT5 and Trade360 offers ParagonEx, with crowd trading features.

Minimum deposit and key account features

The minimum deposit for Trade360 is $500. The minimum deposit for USGFX is $100.

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • Trade360 offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and ETFs, with 120+ available.
  • USGFX offers Forex, Indices, Energy, Metals and Crypotocurrencies, with 60+ available.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.

Leverage

Maximum leverage for Trade360 (CySEC regulated) is . Maximum leverage for USGFX (ASIC regulated) is 500:1.

Online trading platforms

Both brokers provide MetaTrader 4. USGFX additionally offers MetaTrader 5. Trade360 additionally provides ParagonEx. All these platform are available as mobile (and tablet) apps.

Why Trade360 or USGFX ?

While USGFX can be seen in the light of other MT4/MT5 brokers which support STP/ECN trading, it also structures its offering to provide features for traders who wish to have access to tools to help them in their trade decision making. Trade360 also offers MT4, however it can be seen in the light as well of brokers who offer a user friendly platform experience for the trader executing their own trading decisions (based on whatever criteria they are using), with ParagonEx.

Comparison summary

  • Both brokers provide CFD trading
  • Each offer MT4
  • Trade360 additionally provides ParagonEx
  • USGFX additionally offers MT5
  • Trade360 has a crowd trading news feed on ParagonEx
  • USGFX has a lower minimum deposit

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