Trade360 Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Apr 24, 2022
Find out all details about the Trade360 Trading Account here.
There’s nothing wrong if you dream of becoming a pro-lever trader.
But make sure you are starting your trading journey on a fully responsive trading account, or your dream won’t take a while to become the worst nightmare.
Such as, you might have heard lots of great things about the Trade360 broker, but hardly a few discussions about the Trade360 trading account, which is a significant subject above all.
After all, it plays a decisive role in every trading move you plan.
Therefore, this article covers in-depth information on the key features, benefits, charges, and trading account variations that can change your ultimate decision for Trade360.
So let’s begin.
Trade360 Trading Account and Benefits
Trade360 Trading Account can be an obvious choice for many traders, mainly because it is backed by a reliable and well-regulated name.
One can trade multiple financial instruments on the trading accounts by Trade360.
But the most significant benefit is, you are exposed to a diverse set of trading accounts and not compelled to stick to a single trading account.
A separate trading account indicates you can choose what you want for your trading rounds.
However, this may have a significant drawback attached too. For instance, we can’t forget charges and spreads that vary in every trading account.
In addition, a few things may still insist you on reversing your decision. Apart from that, the overall features and performance of the trading account by Trade360 work pretty well for traders.
The rest of this trading account we’ll be covering in detail in the discussion ahead. So stay tuned with us till the end.
Fill up the Form – Open Forex Trading Account Now!
Find Trading Account Services of other Forex Brokers
Trade360 Trading Account Charges
|Trading Account Charges|
|Account Type||Mini Account||Standard 360 Account||Gold Account||Platinum Account||VIP Account|
|Initial Deposit||500 USD||1000 USD||5000 USD||10,000 USD||50,000 USD|
|Spread||5 pips||5 pips||3 pips||3 pips||2 pips|
|Leverage||1;30 (Retail) 1;400 (Professional)||1;30 (Retail) 1;400 (Professional)||1;30 (Retail) 1;400 (Professional)||1;30 (Retail) 1;400 (Professional)||1;30 (Retail) 1;400 (Professional)|
Charges can be extremely frustrating if they aren’t reasonable. A similar issue you may have to deal with in Trade360 Trading Account because charges are high.
But fortunately, the broker makes a separate trading account available so that each user can trade an asset at a reasonable charge rate.
However, when it comes to spreads, they are a bit costly at Trade360 as compared to another broker.
To simply put, GBP/USD has a spread of 5 pips EUR/USD of 3 pips which is higher than standard brokers. Moreover, $100 account maintenance charges for every 45 days also make it a bit costly because the broker usually charges AMC after a year.
Some hidden charges or transaction charges can also be the biggest concern for traders at Trade360.
So make sure you review and understand the full criteria of charges linked with trading at Trade360. Else, you can suffer for maximum profitability.
Types of Trade360 Trading Account
|Types of Trading Account|
|Trading Desk Type||Dealing Desk, STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||No|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||No|
It’s no surprise that trading facilities, features, and charges are decided by the diversity of Trade360 trading accounts.
But luckily, trading on each Account is commission-free except for spreads that are the primary source of earning to the broker.
Here are the total five trading accounts by the Trade360 Online Trading platform.
Mini Account is best for beginners and retail traders.
To access this trading account, you are required to submit $500 as an initial deposit amount.
After that, you can access trading facilities on the go. The Account has fixed spreads of 4 pips, and leverage can be accessed anything between 1:30 and 1:400.
Standard 360 Account
A Standard 360 Account is an excellent alternative to a mini account because you get a bit of benefit in this Account. But you are required to submit $1000 to get access to this Account.
Spreads have been kept fixed at five pips. Apart from that, a Commission-free trading facility is available in the Standard Account. However, leverage is also similar to Mini Account.
Gold Account is recommended for professional users only because you are asked to submit 5000 USD to access the lowest spreads compared to the previous trading account.
Spreads are fixed at three pips. Commission-free trading is also possible.
However, the Leverage ratio again is similar in gold accounts – 1:30 (Retail traders) and 1:400 (Professional traders)
Platinum Account is definitely not an excellent alternative for retail/professional traders as well because right from the beginning, you are asked to keep a minimum deposit balance whopping – 10,000 USD, which is certainly more than other options.
Although three pips don’t make sense in any way because of the same facilities you are offered in Gold Account; you are asked to submit half the minimum deposit amount asked in Platinum Pack.
Apart from that, a Commission-free facility is also available here, and no additional leverage is provided.
In the end, you see a VIP Account that is more advisable for big enterprises and not for individual traders because you are asked to maintain 50,000 USD as a minimum balance in your trading account.
Leverage is offered between 1:30 and 1:400, but spreads are lowest – 2 pips only. The commission-free trading benefit is also received.
Trade360 Account Opening and Trading Process
After this detailed discussion over the trading charges at Trade360 Trading Account, it’s time to have a look at the step-by-step tutorial on account opening and trading process at Trade360.
- First, visit Trade360 official website and submit your email-id to sign-up at Trade360
- Sign-up details would provide you direct access to a demo account to have a virtual trading experience.
- To start live trading, choose one trading account from VIP, Standard, Gold, Mini, and Platinum Account.
- Submit minimum deposit amount as asked in every Account in different figures
- Download MT5 trading platform or use Web-trader facility that broker provides
- Link MT5 trading platform with Trade360 user-ID and start trading
Before you execute your first order, make sure you have reviewed charges and spreads associated with every trading instrument.
You can trade currencies, commodities, indices, stocks, CFDs, and much more at Trade360. The broker provides you access to 500+ tradable instruments.
However, the stock trading process is limited to buy and sell activities, but crypto trading, currency trading, CFDs, and other trading instruments follow a distinct buying/selling rule.
Fortunately, a demo account provides you with in-depth guidance on trading assets in a particular market. Also, educational resources assistance by Trade360 helps you a lot in that.
Find Different Trading Account Types of Forex Brokers
Trade360 Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
Now let’s talk about the critical features of the Trade360 Online Trading platform. Why should you consider it? These features are the best answer.
A multi-asset trading platform
Trading 360 is a multi-asset trading platform.
You can trade stock, commodities, indices, cryptocurrencies, currencies, and much more via this trading platform.
The broker makes 500 tradable instruments available to its users, which is a great thing.
A Regulated Broker
Trade360 is CySEC regulated. CySEC stands for Cyprus security exchange commission which is believed to be one of the most trusted and popular regulators all the way from Cyprus.
You can trade assets at the Trade360 trading platform in multiple languages. English, Hindi, French, German, whichever language you want, simply go to the language menu and get Trade360 trading services in your desired language.
As discussed in the article above, Trade360 provides you access to multiple trading accounts. You can select the best one from mini, standard, gold, platinum, and VIP trading Account that you find the best fit for your trading adventure.
In addition, a demo account facility is also available.
Trade via MetaTrader 4 and Web-trader
You can start trading at MetaTrader 4 and Web-trader and capture a quick and smart trading experience.
Check out Online Trading Services of FOREX Brokers
Trade360 Trading Account – Conclusion
After covering lots of good and bad things about the Trade360 Trading Account, now it’s very easy to reach an ultimate decision.
Trade360 is a costly option at many points but a great alternative because you are offered multiple assets to trade out, of which the maximum is crypto-currencies and CFDs.
In every trading account, you can access 1:30 and 1:400 leverage which is a great thing. Demo accounts and educational material are also available in multiple languages.
Even though spreads and minimum trading balance conditions are high, still it is reasonable because you are offered multiple trading accounts to find the best one.
Trade360 Online Trading – FAQs
Here is the list of FAQs related to the Trade360 trading account:
Does Trade360 Provide Online Trading?
Yes. Trade360 provides online trading services to traders worldwide.
The broker is headquartered in Cyprus and is CySEC-regulated, making it easy to trust Trade360.
If we talk about trading facilities, there’s no offline procedure involved.
You open an account and start trading at Trade360 online. Educational content is also available online.
What Are The Commission and Charges In Trade360?
Commission and charges in the Trade360 trading account don’t exist because the broker predominantly makes income from Spreads that vary from one trading account to another.
To simply put, the broker offers a total of five trading accounts- mini account, standard account, gold account, platinum account, and VIP account.
Hence, spreads in every Account are different. However, AMC and overnight fees are levied on the users.
Does Trade360 Provide Demo Account Trading?
Yes. Trade360 provides a demo account to its users.
This virtual trading account is the best source to grasp the basics of trading and learn advanced trading execution all at once.
There’s no need to fund your Account with a minimum deposit amount, nor is there a need to worry about trading charges; it is a free trading platform solely intended for educational purposes.
Is Trading Free At Trade360?
Trading isn’t free at Trade360.
Even though the broker makes commission-free trading facilities available to users, still you should know that the Trade360 commission’s primary income source is spread.
The broker makes a commission for itself from the difference between the bid and asks the price. Overnight fee and AMC is also levied on trading accounts.
Does Trade360 Provide Spot Metals Trading?
Yes. Trade360 provides spot metals trading. You can trade gold, oil, and lots of other great instruments at the Trade360 trading platform, where you are exposed to a total of 500+ tradable instruments, each in a different market.
In a nutshell, you can trade currencies, cryptocurrencies, stocks, and commodities via the Trade360 trading platform.
What Are Spot Metals Trading Charges At Trade360?
Spot Metals trading charges at Trade360 vary from one trading platform to another.
It’s worth noting that trading is commission-free at Trade360 because the broker’s commission is primarily built on the difference between the bid and ask price of the trade you execute.
Hence, spot metal trading charges also vary at the Trade360 trading platform.
Does Trade360 Provide Stock Trading?
Yes. Trade360 provides stock trading.
The broker offers its users access to more than 500 tradable instruments, and stocks/shares of some of the most popular companies can also be found here.
Simply choose your desired trading account and start trading stocks online for any amount.
Before, make sure you do not forget to consider charges and trading fees on every asset.
What Is Spread At Trade360?
Trade360 provides competitive spreads on each trading instrument.
To simply put, the lowest spreads can be found in a VIP trading account at only two pips and the highest in a mini account at five pips.
You can review each trading account separately for more information, which is a good practice for making a well informed trading decision.
Is Trade360 Safe For Trading?
Yes. Trade360 is safe for trading. The trading platform is CySEC regulated and has been operational since 2013.
Hence you are less likely to encounter trust issues.
Does Trade360 Provide Trading Tips?
Yes. Trade 36 provides trading tips to its users. In short, you are exposed to blogs, video tutorials, glossaries, and demo accounts at Trade360.
But don’t expect any assistance for trading during the live market.
The broker provides no support during live trading hours except for trading tools, indicators, and charts.
Fill up the Form – Open Forex Trading Account Now!
Most Read Articles
|Forex Trading – Know Everything|
|Forex Broker – Know Everything|
|Why Trade in Forex?|
|How to Trade Forex?|
|Forex Trading Strategies|
|Forex Trading Tips|
|Become a Successful Forex Trader|
|Best Forex App|
|Top Forex Broker|
|Best Forex Trading Books|