Trade360 Broker Overview
- Website: https://www.trade360.com/
- Website Availability: No
- Address: NA
- Warning Notices: Financial Conduct Authority (United Kingdom)
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Trade360 seemed to have made an entry into the online trading world as a true market-disruptive player with its introduction of the concept of “CrowdTrading.” The platform advertised itself as drawing real-time market trend observations through the collective wisdom of traders. Adding advanced analytical tools, real-time insights, and a collective decision-making system turned Trade360 into a haven for retail traders. However, is that reputation still there?
What is Trade360?
Trade360 was born in the year 2013, and it is also registered in Cyprus. The platform was set to offer trade in Forex, CFDs, Indices, and whatnot. The main point of sale was CrowdTrading, a concept based on the idea that “if everybody’s doing it, then everybody’s doing it right.” Such collective data could provide more robust trade insights than individual analysis could do.
Along with this, the company claims to fall under the regulation itself by CySEC and further considers and complies with MiFID directives that work to better guarantee transparency, integrity, and protection of clients.
Growing Concerns and Red Flags
However, Trade 360 seems to have raised some doubt among the various platforms created by clients such as Trustpilot.
Real User Experiences
- “This person deposited $48,000 across two accounts, one belonging to his spouse and the other to himself. After the money was paid, the company stopped all communications and kept on providing various excuses for why it was unable to return the money. Eventually, I was forced to file a complaint to recover what was mine.”
- “I lost $85,000. They were constantly enticing me to put in more money. Whenever I hesitated to deposit any further funds, they disappeared off the radar.”
- Most users say the site is down, and the FCA has banned Trade360 from providing financial services, which proves that it was lawlessly working.
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