Is Trade360 Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with Trade360 try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether Trade360 is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker Trade360
Trade360 is a CFD stockbroker that has been providing services since 2013. The company offers CFD trading in five asset classes - currency pairs, stocks, stock indices, commodities (metals and energy products), and ETFs. Trading in cryptocurrency assets is available only upon special request. Trade360 is a global brand that unites three divisions: CrowdTech Ltd. (Cyprus), Sirius Financial Markets Pty Ltd. (Australia), and ST Services Ltd. (Marshall Islands). The regulators are CySEC 202/13 (Cyprus Securities and Exchange Commission) and ASIC ACN: 142 189 384 (Australian Securities and Investments Commission).
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | from 250 USD |
| ⚖️ Leverage: | Up to 1:400 for professionals. For retail clients, it’s up to 1:30. |
| 💱 Spread: | from 2.0 pips (for type Gold account) |
| 🔧 Instruments: | CFDs for currency pairs (37), shares (450), indices (10), and raw materials (4), ETF (40). Upon request, cryptocurrencies (9) are available |
| 💹 Margin Call / Stop Out: | 50%/25% |
Pros and cons of Trade360
👍 Advantages of trading with Trade360:
•CrowdFeed technology that provides real-time data on market trends.
•Its trading platforms are WebTrader 4 and MetaTrader 5.
•Trading ideas and insights from Trading Central.
•Regulators are in Cyprus and Australia.
•A variety of markets such as foreign exchange, commodity, stock. ETFs and cryptocurrencies are available upon request.
👎 Disadvantages of Trade360:
•High spreads are from 2.0 pips for the EUR/USD pair.
•The minimum deposit is 250 USD.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is Trade360 Regulated? Broker’s license
Security (Protection for Investors)
Trade360 is an international brand with three divisions. Each division operates under the requirements of the regulators of the country of its jurisdiction.
CrowdTech Ltd. operates under a license from the Cyprus Securities and Exchange Commission (CySEC), license number 202/13. Under the Markets in Financial Instruments Directive (MiFID II), the company is allowed to provide brokerage services in the European Economic Area. A division of Sirius Financial Markets Pty Ltd. authorized and regulated by ASIC, the Australian Securities and Investments Commission, license number 439907.
👍 Advantages
- Client funds are segregated from Trade360 capital and held in segregated bank accounts
- Investor funds are protected by the European Compensation Fund up to €20,000
- In case the broker violates the obligations prescribed in the offer, the client can file a complaint with the regulators
👎 Disadvantages
- To open an account, you must provide detailed financial information
- Without verification, you cannot make a deposit and withdraw funds
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by Trade360, which you can see below.
Experts at Traders Union have analyzed the trading and non-trading fees of Trade360. There are no commissions on any accounts, they are included in the fixed spread (the difference between the best buy and sell price). Non-trading fees are $100 to maintain an inactive account every 45 days. The broker neither charges commissions for depositing funds, nor for their withdrawal. In this case, commissions can be on the side of the client’s bank.
| Account type | Spread (minimum value) | Withdrawal commission |
| Mini | from $40 | No |
| Standard | from $30 | No |
| Gold | from $20 | No |
| Platinum | from $20 | No |
| Diamond | from $20 | No |
Brokers that are similar to Trade360
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of Trade360 conditions with its closest competitors.
Comparison of Trade360 with other Brokers
| Trade360 | RoboForex | Pocket Option | Exness | Libertex | 4XC | |
|---|---|---|---|---|---|---|
Trading platform |
No |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
Libertex, MT5, MT4 |
MT5, MT4, WebTrader |
Min deposit |
No |
$10 |
$5 |
$10 |
$100 |
$50 |
Leverage |
No |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
No |
From 0 points |
From 1.2 point |
From 1 point |
From 0.1 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
No |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
$50 |
Cent accounts |
No |
Yes |
No |
No |
No |
No |
Trade360 is an investment and trading broker based on CrowdFeed technology with a focus on clients from the Eurozone and Australia.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
Libertex is a reputable broker. It would be worthwhile to look at the platform as a technical solution. It will appeal to those who can not imagine their life without gadgets and are eager to keep up with the time.
The broker is suitable for traders with a basic trading experience, who are prepared to start trading on a real account right away.
Conclusions
Trade360 is a quite reliable broker for trading. Trade360 operates on the license of a reliable jurisdiction and its operation is regularly monitored. However, the company does not offer the best trading conditions compared to competitors. You can choose this broker and not worry about the safety of your funds, but there are better options in terms of trading conditions.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.