Trade360 vs USGFX - Compare Trading Brokers

Trade360 vs USGFX | Online Brokerage Comparison

Trade360 vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$500MT5, ParagonEx450+CySEC
$100MT5, MT460+ASIC

Trade360 vs USGFX Comparison

Trade360 offers the ParagonEx trading platform along with MetaTrader 5 (MT5). USGFX also provides MT5 but in addition offers MetaTrader 4 (MT4). 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 MT5, while USGFX also provides MT4 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 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.
  • 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 available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • Trade360 offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and ETFs, with 450+ 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 5. USGFX additionally offers MetaTrader 4. Trade360 additionally provides ParagonEx. All these platform are available as mobile (and tablet) apps.

Why Trade360 or USGFX ?

Traders who want to trade on MT5 may do so at either broker. Those who want to trade on MT4 can find this platform at USGFX. Traders who wish to trade on a user friendly platform supporting crowd trading can do so on ParagonEx at Trade360. This said, USGFX supports social and copy trading.

Comparison summary

  • Both brokers provide CFD trading
  • Each offer MT5
  • Trade360 additionally provides ParagonEx
  • USGFX additionally offers MT4
  • Trade360 has a crowd trading news feed on ParagonEx
  • USGFX supports social and copy trading

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