If you are reading this article, you’re likely having trouble deciding whether Trade360 or eToro is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Trade360 vs eToro review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- eToro vs Trade360 - Verdict
 |  | |
Headquarters | Israel | Cyprus |
Regulators | ASIC, CySEC, FCA, FSA | CySEC |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2007 | 2013 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $50 - $10,000 | $500 |
Negative Balance Protection | N/A | |
Trading Platform(s) | Proprietary platform | MetaTrader 5, Proprietary platform, Web-based |
Average Trading Cost EUR/USD | N/A | 1.8 pips ($18.00) |
Average Trading Cost GBP/USD | 2.2 pips | 1.8 pips ($18.00) |
Average Trading Cost WTI Crude Oil | $0.05 | $0.07 |
Average Trading Cost Gold | $0.45 | $0.20 |
Retail Loss Rate | 74% | N/A |
Minimum Raw Spreads | 0.8 pips | N/A |
Minimum Standard Spreads | 1.3 pips | N/A |
Minimum Commission for Forex | $0.00 | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
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Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
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Trade360 caters to clients since 2012 and has built its business behind its proprietary CrowdFeed. It also added MT5 but only presents traders with the out-of-the-box version. Trade360 offers clients trading signals provided by Trading Central, but the educational section for beginner traders lacks depth. eToro remains a leader among social trading platforms, with more than 13,000,000+ traders using CopyTrader and CopyPortfolios. It also enjoys a distinct leadership position among cryptocurrency traders due to its market-leading asset selection. Regrettably, only its sub-standard proprietary trading platform is available, while no value-added services exist.
Available Markets
Forex traders at Trade360 and eToro only have 49 currency pairs, a below-average choice, and some are disabled at Trade360. The former adds 0 cryptocurrencies versus 93 at the latter, which is the most among online multi-asset brokers. Trade360 only features four commodity CFDs and nine index CFDs, while eToro counters with 31 and 13, respectively. Both brokers have the bulk of their assets in equity CFDs and ETFs. Trade360 maintains 544 against 2,000+ at eToro, but also adds 13 theme-based portfolios. eToro presents a visible edge with its asset selection, executing well for equity and cryptocurrency traders.
| | |
Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
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Typical Spreads and Fees
Clients at Trade360 must accept one of the highest pricing environments. The EUR/USD shows a minimum spread of 4.0 pips or $40 per 1.0 standard lot. eToro counters with 1.0 pips or $10. Neither is competitive, but Trade360 is unacceptable. The same applies to spreads on other assets, where the commission-free cost structure becomes more expensive versus a commission-based one. eToro advertises commission-free equity trading, but it only applies to unleveraged buy orders. Otherwise, a 0.09% fee exists with above-average mark-ups. Both levy swap rates on leveraged overnight positions and eToro also a $5 withdrawal fee.
| | |
Average Trading Cost EUR/USD | N/A | 1.8 pips ($18.00) |
Average Trading Cost GBP/USD | 2.2 pips | 1.8 pips ($18.00) |
Average Trading Cost WTI Crude Oil | $0.05 | $0.07 |
Average Trading Cost Gold | $0.45 | $0.20 |
Average Trading Cost Bitcoin | $574 | N/A |
Minimum Raw Spreads | 0.8 pips | N/A |
Minimum Standard Spreads | 1.3 pips | N/A |
Minimum Commission for Forex | $0.00 | N/A |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | $10 monthly after 12 monthd | N/A |
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Security and Trust
| | |
Country of the Regulator | Australia, Cyprus, Seychelles, United Kingdom | Australia, Cyprus |
Name of the Regulator | ASIC, CySEC, FCA, FSA | CySEC |
Regulatory License Number | 491139, 109/10, 583263, SD076 | 202/13, 439907 |
Regulatory Tier | N/A | 1, 1 |
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The Cyprus Securities and Exchange Commission (CySEC) remains the primary regulator of Trade360. It also has a license from the Australian Securities & Investments Commission (ASIC). Most international clients will trade with the Marshal Islands subsidiary, where Trade360 seems to function unregulated. eToro operates with oversight from the UK Financial Conduct Authority (FCA), the CySEC, and the ASIC. In the US, eToro maintains registration as a Money Services Business with FinCEN. Negative balance protection and the segregation of client deposits apply at both brokers, with eToro more secure, as Trade360 caters to most from an unregulated entity.
eToro vs Trade360 – Verdict
Trade360 prides itself on regulation but caters to most international clients from its unregulated Marshall Island unit. It built its business on crowd trading, and its CrowdFeed, embedded with its web-based platform, is a sentiment indicator with additional alerts. Trade360 notes education as a core value but fails to provide an in-depth educational section. Clients also have to accept one of the highest cost structures, and Trade360 demands a minimum deposit of $1,000 for access to the MT5 trading platform, superior to its proprietary version, available with $250. eToro continues to expand its business model on the back of CopyTrader, CopyPortfolios, and cryptocurrency trading. Quality value-added services are missing at Trade360 and eToro, which rely on their trading communities, where eToro maintains a visible edge.
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