The Forex industry has seen so many innovations that it is hard to believe that it can further develop. Well, competition never sleeps, and brokers try to outdo one another, so we can only wait what is the next to come. The Forex market is an all-around market with so many benefits that keep traders active. Many traders managed to use great trading conditions to their benefit and made a lot of money thanks to a good broker and a bit of knowledge and luck. Trade 360 is a broker who uses its own original tactic to provide great trading conditions to traders. The broker is social trading-oriented and successfully incorporated a new concept to help traders in the undefined market. What the concept is about and how the original Trade 360 approach works can be found in this Trade 360 review. Continue reading to get an idea about the so-called Crowd Trading.
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Trade 360 Background Check
The broker was founded by the MPF Global Markets Ltd as a branch company specifying in the Forex industry. The broker was established in 2013 and is seated in Cyprus. As a Cypriot broker, naturally, the broker is registered with and supervised by the CySEC Commission. To extend services to the UK, the broker also secured an FCA license making the broker legit in the monarchy. With the best interest at heart, both, CySEC and the FCA, fight like lions in the dynamic market to protect the integrity, sovereignty, and transparency of the market. Trade 360 looks like any other broker who works under a bigger conglomerate, but the broker chose a unique way of business and thought of an innovative trading environment which traders seem to like.
The Concept of Crowd Trading
This concept includes following and observing what others did in the market and learning from their mistakes. Capitalize with the assistance of crowd trading for a better assessment of the market. This type of social trading enables those less experienced to learn from the experiences of more experienced colleagues and market participants. Crowd Trading goes a step further and is not only based on what others say but relies on scientific facts. Informed trading based on the assessment of collective trading enhances the trading experience. The new concept is still in the test phase, but you can join the broker to see how it works so far.
Trade 360 Platform
With the new concept, the broker also offers its proprietary platform that can match the broker’s vision. The Trade 360 platform is unique and a neatly organized browser-based platform. It offers a hundred tradable assets (CFDs, commodities, Forex, indices, etc.). The platform is trader-oriented and offers powerful tools to support the careers of many traders. The layout features many boxes by subject enabling an easy overview of the different features and options. Also, the corresponding Trade 360 mobile app is available with this broker which can be easily navigated as well.
Trade 360 offers several accounts on its fancy home-made platform. The accounts are standardized and resemble many other Forex broker accounts. Traders have 5 different accounts at their disposal. Traders can register via Google+ or Facebook as well. The first is the Mini Account with only a $100 deposit, while the Standard account requires $1,000 to enter the Forex market.
- Mini account ($100 min. deposit)
- Standard account ($1,000 deposit)
- Gold ($5,000 deposit)
- Platinum ($10,000 deposit)
- VIP Account ($50,000 deposit)
The Gold and Platinum accounts come at $5,000 and $10,000 entrance deposit, but therefore offer more conveniences. The VIP account is yet another league with required $50,000 to even use this account. VIP account usually come with very high deposits since if you want to trade like a VIP,y ou have to have VIP-like cash. All of the accounts have a 1:400 leverage and tight spreads. The spreads narrow down with the more expensive account types. Cashback can also be expected from the first to the last account type. SMS notifications and trading signals are only part of the 3 last (or the3 most expensive) accounts. If you are a Muslim, then you should know that swap-free accounts are offered as well, you just have to contact the support team for details.
Trade 360 Bonus
We already mentioned the cashback bonuses which are available with every Trade 360 account. Further, if you register with Google+ or Facebook, you can count on a $50 bonus, and $60 if you register with a live account.
When it comes to funding, the broker has not been that creative, accepting only wire transfer, credit cards (including American Express), Skrill, and Neteller. The broker tries to handle withdrawals as fast as possible, whereas your payment method plays also a big role. Ask the support team about the specificities regarding withdrawal time and payout.
The Trade 360 must be very busy since traders want to know more about the Crowd Trading concept. The Trade 360 support team is available around the clock and answers all requests duly. You can reach them via phone, e-mail, live chat, and even WhatsApp.