Trade360 Review 2020

Trade360 review
Trade360 Fees Explained

• Trade360 doesn't charge withdrawal fees
• Trade360 does charge a fee for inactive accounts.
• Trade360 does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Trade360 Fees Compare Against Other Brokers

Trade360 review
Trade360 Minimum Deposit

Trade360 require a minimum desposit of 1 GBP/USD when opening an Trade360 trading account.

A minimum deposit is the minimum amount of money required by Trade360 to open a new online brokerage account with them.

Dont be scared off by brokers like Trade360 charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

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Trade360 Withdrawal Fees

Trade360 doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Trade360 for example allow you to withdraw your funds to a Neteller account, and a bank account via a wire transfer.

Trade360 review
Trade360 Inactivity Fees

Trade360 does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

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Trade360 Desposit Fees

Trade360 does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

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Trade360 Commission Fees

Trade360 does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Trade360 review
Trading on Trade360 web platforms and other applications

Trade360 offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

Trade360 also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Trade360's platforms

Trade360 Trading benefits :

• Offers STP
• Low min deposit

Trade360 Trading Accounts Offered :

• Mini account
• Standard account
• STP account
• Islamic account

Can I try Trade360 before I buy?

Trade360 offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

Trade360 withdrawal and funding methods.

Please note that the list of payment methods below depend on the Trade360 Entity and the Clients Country of Residence.

Trade360 offer the below funding payment methods. learn more about Trade360

• Credit cards
• Bank Transfer
• Neteller

How can I start trading with Trade360?

When opening a trading account with Trade360, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Trade360 trading platforms here.

Losses can exceed deposits

Performing trades with Trade360

With Trade360, the minimum and maximum trade requirements vary depending on the trader and the instrument. As Trade360 offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Trade360

To trade effectively with Trade360, it's important to get a have a good understanding of the Trade360 trading tools and the markets.

Trade360 offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Trade360.

Take time to look around the Trade360 platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Trade360

Trade360 support a limited number including

Trade360 have a double AA grade support rating because Trade360 offer live chat and email support in multiple languages.

Livechat Support at Trade360

Trade360 does not offer LiveChat Support.

Email Support at Trade360

We sent several emails to Trade360 and answer times overall were excellent. The fastest response from Trade360 was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Trade360, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Trade360.

Phone Support at Trade360

We called Trade360 and the call was answered very quickly. The call was answered in less than 5 minutes.

The Trade360 phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Trade360 team by calling in varying languages. Trade360 made an effort to make sure our queries were answered.

Overall great phone support from Trade360.

See how Trade360 Support Compares Against Other Brokers

What you will need to open an account with Trade360

As Trade360 is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Trade360 Brand may be different.

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Trade360's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Trade360 you can visit the Trade360 trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.trade360.com/ on 12th August 2018.

Trade360 review written by Andrew Blumer and Mark Hansen